Federal Register / Vol. 89, No. 232 / Tuesday, December 3, 2024 / Notices 95891 

68 17 CFR 240.17Ad–22(e)(21)(ii). 

69 17 CFR 240.17Ad–22(e)(1). 

70Standards for Covered Clearing Agencies, 81 

FR 70802. 

71 17 CFR 240.17Ad–22(e)(1). 

72 In approving this Proposed Rule Change, the 

Commission has considered the proposed rules’ 

impact on efficiency, competition, and capital 

formation. See 15 U.S.C. 78c(f). 

73 15 U.S.C. 78s(b)(2). 

74 17 CFR 200.30–3(a)(12). 

balancing and reconciliation. 

Additionally, by fixing the collateral for 

Market Loans at a single rate of 102 

percent consistent with member 

feedback, as described in Section 

II.B.3.c., OCC would reduce the 

complexity in its risk management of 

stock loan positions by establishing a 

single rate across all Market Loans. 

Accordingly, the changes proposed to 

the Stock Loan Programs are consistent 

with the requirements of Rule 17Ad– 

22(e)(21) under the Exchange Act.68

C. Consistency With Rule 17Ad–22(e)(1) 

Under the Exchange Act 

Rule 17Ad–22(e)(1) under the 

Exchange Act requires that a covered 

clearing agency establish, implement, 

maintain, and enforce written policies 

and procedures reasonably designed to 

provide for a well-founded, clear, 

transparent, and enforceable legal basis 

for each aspect of its activities in all 

relevant jurisdictions.69 In adopting 

Rule 17Ad–22(e)(1), the Commission 

provided guidance that a covered 

clearing agency generally should 

consider in establishing and 

maintaining policies and procedures to 

address legal risk, including whether its 

rules, policies and procedures, and 

contracts are clear, understandable, and 

consistent with relevant laws and 

regulations.70

As described above, in Section II.B.5., 

the proposed changes consolidate and 

reorganize provisions concerning the 

Stock Loan Programs that are scattered 

across two documents—both OCC’s ByLaws and Rules—into a single location: 

OCC’s Rules. The streamlining and 

consolidation of these provisions into 

OCC’s Rules enhances their clarity, 

transparency, and consistency for 

Clearing Members and stakeholders who 

choose to participate in the Stock Loan 

Programs. More specifically, the 

incorporation of current Interpretations 

and Policies into the body of the Rules 

would enhance clarity and readability of 

the provisions concerning the Stock 

Loan Programs. Additionally, the global 

and administrative changes would 

apply consistent terms and numbering 

conventions, improve consistency of the 

text between similar Hedge Program and 

Market Loan Program rules, and remove 

duplicative provisions, thus increasing 

clarity, understandability, and 

consistency. 

Accordingly, the changes proposed to 

the Stock Loan Programs are consistent 

with the requirements of Rule 17Ad– 

22(e)(1) under the Exchange Act.71

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the Proposed 

Rule Change is consistent with the 

requirements of the Exchange Act, and 

in particular, the requirements of 

Section 17A of the Exchange Act 72 and 

the rules and regulations thereunder. 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Exchange Act,73

that the proposed rule change, as 

modified by Partial Amendment No. 1, 

(SR–OCC–2024–011) be, and hereby is, 

approved. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.74

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–28257 Filed 12–2–24; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20699 and #20700; 

FLORIDA Disaster Number FL–20012] 

Presidential Declaration Amendment of 

a Major Disaster for the State of Florida 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 6. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of Florida (FEMA– 

4828–DR), dated September 28, 2024. 

Incident: Hurricane Helene. 

DATES: Issued on November 22, 2024. 

Incident Period: September 23, 2024 

through October 7, 2024. 

Physical Loan Application Deadline 

Date: January 7, 2025. 

Economic Injury (EIDL) Loan 

Application Deadline Date: June 30, 

2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for the State of Florida, 

dated September 28, 2024, is hereby 

amended to extend the deadline for 

filing applications for physical damages 

as a result of this disaster to January 7, 

2025. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Alejandro Contreras, 

Acting Deputy Associate Administrator, 

Office of Disaster Recovery & Resilience. 

[FR Doc. 2024–28279 Filed 12–2–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20608 and #20609; 

NEW YORK Disaster Number NY–20015] 

Administrative Declaration of a 

Disaster for the State of New York 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of New York dated 

November 26, 2024. 

Incident: Severe Storms and Flooding. 

DATES: Issued on November 26, 2024. 

Incident Period: August 18, 2024 

through August 19, 2024. 

Physical Loan Application Deadline 

Date: January 27, 2025. 

Economic Injury (EIDL) Loan 

Application Deadline Date: August 26, 

2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

Administrator’s disaster declaration, 

applications for disaster loans may be 

submitted online using the MySBA 

Loan Portal https://lending.sba.gov or 

other locally announced locations. 

Please contact the SBA disaster 

assistance customer service center by 

email at disastercustomerservice@

sba.gov or by phone at 1–800–659–2955 

for further assistance. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Suffolk. 

Contiguous Counties: 


lotter on DSK11XQN23PROD with NOTICES1
95892 Federal Register / Vol. 89, No. 232 / Tuesday, December 3, 2024 / Notices 

New York: Nassau. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners with Credit Available Elsewhere ...................... 5.625 

Homeowners without Credit 

Available Elsewhere .............. 2.813 

Businesses with Credit Available Elsewhere ...................... 8.000 

Businesses without Credit 

Available Elsewhere .............. 4.000 

Non-Profit Organizations with 

Credit Available Elsewhere ... 3.250 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 3.250 

For Economic Injury: 

Business and Small Agricultural 

Cooperatives without Credit 

Available Elsewhere .............. 4.000 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 3.250 

The number assigned to this disaster 

for physical damage is 206086 and for 

economic injury is 206090. 

The State which received an EIDL 

Declaration is New York. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Isabella Guzman, 

Administrator. 

[FR Doc. 2024–28273 Filed 12–2–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 20776 and # 20777; 

NEW YORK Disaster Number NY–20019] 

Administrative Disaster Declaration of 

a Rural Area for the State of New York 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative Rural disaster 

declaration of a rural area for the State 

of New York dated November 25, 2024. 

Incident: Remnants of Tropical Storm 

Debby. 

DATES: Issued on November 25, 2024. 

Incident Period: August 8, 2024 

through August 10, 2024. 

Physical Loan Application Deadline 

Date: January 24, 2025. 

Economic Injury (EIDL) Loan 

Application Deadline Date: August 25, 

2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

Administrator’s disaster declaration of a 

rural area, applications for disaster 

loans may be submitted online using the 

MySBA Loan Portal https://

lending.sba.gov or other locally 

announced locations. Please contact the 

SBA disaster assistance customer 

service center by email at 

disastercustomerservice@sba.gov or by 

phone at 1–800–659–2955 for further 

assistance. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Franklin, St. 

Lawrence. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners with Credit Available Elsewhere ...................... 5.625 

Homeowners without Credit 

Available Elsewhere .............. 2.813 

Businesses with Credit Available Elsewhere ...................... 8.000 

Businesses without Credit 

Available Elsewhere .............. 4.000 

Non-Profit Organizations with 

Credit Available Elsewhere ... 3.250 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 3.250 

For Economic Injury: 

Business and Small Agricultural 

Cooperatives without Credit 

Available Elsewhere .............. 4.000 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 3.250 

The number assigned to this disaster 

for physical damage is 207768 and for 

economic injury is 207770. 

The States which received an EIDL 

Declaration are New York. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Isabella Guzman, 

Administrator. 

[FR Doc. 2024–28240 Filed 12–2–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20759 and #20760; 

FLORIDA Disaster Number FL–20015] 

Presidential Declaration Amendment of 

a Major Disaster for the State of Florida 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 2. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of Florida (FEMA– 

4834–DR), dated October 11, 2024. 

Incident: Hurricane Milton. 

DATES: Issued on November 22, 2024. 

Incident Period: October 5, 2024 

through November 2, 2024. 

Physical Loan Application Deadline 

Date: January 7, 2025. 

Economic Injury (EIDL) Loan 

Application Deadline Date: July 11, 

2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for the State of Florida, 

dated October 11, 2024, is hereby 

amended to extend the deadline for 

filing applications for physical damages 

as a result of this disaster to January 7, 

2025. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Alejandro Contreras, 

Acting Deputy Associate Administrator, 

Office of Disaster Recovery & Resilience. 

[FR Doc. 2024–28281 Filed 12–2–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20732 and #20733; 

FLORIDA Disaster Number FL–20014] 

Presidential Declaration Amendment of 

a Major Disaster for Public Assistance 

Only for the State of Florida 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 5. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of Florida (FEMA–4828–DR), 

dated October 5, 2024. 

Incident: Hurricane Helene. 

DATES: Issued on November 22, 2024. 

Incident Period: September 23, 2024 

through October 7, 2024. 

Physical Loan Application Deadline 

Date: December 4, 2024. 

Economic Injury (EIDL) Loan 

Application Deadline Date: July 7, 2025. 


lotter on DSK11XQN23PROD with NOTICES1