42648 Federal Register / Vol. 73, No. 141 / Tuesday, July 22, 2008 / Notices 

6 In approving the proposed rule change, the 

Commission considered the proposal’s impact on 

efficiency, competition and capital formation. 15 

U.S.C. 78c(f). 

7 17 CFR 200.30–3(a)(12). 

fund shares deposited by OCC members 

as margin in the daily STANS risk 

calculation is consistent with the 

purpose of the methodology, which is to 

provide an accurate measure of the 

market risk in a clearing member’s 

account. The proposed rule change also 

amends OCC’s rules regarding the 

calculation of concentration limits and 

collateral substitution to allow OCC to 

more easily implement the inclusion of 

margin deposits in the STANS 

calculation. As noted above, OCC 

expects to collect approximately 5 

percent less margin under the proposed 

rule change than it currently collects. 

However, this is because of the 

increased diversification benefit 

allowed by the risk measurement under 

STANS and not because of a decrease in 

OCC’s risk tolerance in calculating 

margin. Accordingly, because the 

proposed rule change should not affect 

the purpose of the STANS methodology 

to provide OCC with sufficient collateral 

in the event a member becomes 

insolvent or otherwise fails to meet its 

obligations to OCC, it should assure the 

safeguarding of securities and funds 

which are in OCC’s custody or control 

or for which it is responsible. 

The proposed rule change also adds 

an exception to the collateral minimum 

price and concentration limits in OCC’s 

rules for securities that are deliverable 

upon exercise of a contract cleared by 

OCC or, in the case of ETFs, that track 

an index underlying cleared contracts 

whether or not the particular ETF is an 

underlying security. The minimum 

price and concentration limits in OCC’s 

rules are designed to assure that OCC 

will be able to collect sufficient 

collateral in the event it needs to 

liquidate securities deposited as margin. 

This type of liquidity risk should not 

apply if the security deposited as 

margin is deliverable upon exercise of 

the clearing member’s cleared contracts 

or if the security is an exchange traded 

fund that tracks an index underlying the 

clearing member’s cleared contracts. 

Accordingly, the proposed rule change 

to add this exception to the collateral 

minimum price and concentration 

limits should not affect OCC’s ability to 

assure the safeguarding of securities and 

funds which are in OCC’s custody or 

control or for which it is responsible. 

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposed 

rule change is consistent with the 

requirements of the Act and in 

particular Section 17A of the Act and 

the rules and regulations thereunder.6

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act, that the 

proposed rule change (File No. SR–

OCC–2007–20) be and hereby is 

approved. 

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–16687 Filed 7–21–08; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1] 

In the Matter of Typhoon Touch 

Technologies, Inc.; Order of 

Suspension of Trading 

July 18, 2008. 

It appears to the Securities and 

Exchange Commission that the public 

interest and the protection of investors 

require a suspension of trading in the 

securities of Typhoon Touch 

Technologies, Inc., because there is a 

lack of current and accurate information 

concerning its securities. Questions 

have arisen regarding a recent increase 

in the share price from $8 to $25 

following a 100 for one forward split 

and during a period when no material 

information about the company would 

explain such a price increase. Also, 

questions have been raised about the 

accuracy and adequacy of publiclydisseminated information concerning, 

among other things, the availability of 

shares for trading and delivery, and the 

current shareholders of the company. 

Typhoon Touch Technologies, Inc., is 

quoted on the Pink Sheets and the Over 

the Counter Bulletin Board under the 

ticker symbol TYTT. 

The Commission is of the opinion that 

the public interest and the protection of 

the investors require a suspension of 

trading in securities of the above-listed 

company. 

Therefore, it is ordered, pursuant to 

Section 12(k) of the Securities Exchange 

Act of 1934, that trading in the abovelisted company is suspended for the 

period from 9:30 a.m. EDT, July 18, 

2008, through 11:59 p.m. EDT, on July 

31, 2008. 

By the Commission. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 08–1460 Filed 7–18–08; 1:25 pm] 

BILLING CODE 8010–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #11264 and #11265] 

Iowa Disaster Number IA–00015 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 8. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of Iowa (FEMA–

1763–DR), dated 05/27/2008. 

Incident: Severe Storms, Tornadoes, 

and Flooding. 

Incident Period: 05/25/2008 and 

continuing. 

Effective Date: 07/15/2008. 

Physical Loan Application Deadline 

Date: 09/29/2008. 

EIDL Loan Application Deadline Date: 

02/27/2009. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for the State of Iowa, dated 

05/27/2008, is hereby amended to 

extend the deadline for filing 

applications for physical damages as a 

result of this disaster to 09/29/2008. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Herbert L. Mitchell, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. E8–16680 Filed 7–21–08; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

Small Business Size Standards: 

Waiver of the Nonmanufacturer Rule 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice of Retraction or 

Reclassification of Waivers from the 

Nonmanufacturer Rule for Industry 


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