24344 Federal Register / Vol. 61, No. 94 / Tuesday, May 14, 1996 / Notices

7Currently, NSCC members obtain fund price and

rate information in a variety of ways including

paper transmittals, facsimile, and telephone.

8Once submitted, price and rate information

cannot be deleted but can be corrected.

9Pursuant to Section 19(b)(3)(A) of the Act, NSCC

will be required to file with the Commission

proposed rule changes regarding all future phases

of MFPS prior to the implementation of each such

phase, which will be effective upon filing, as long

as implementation and use of subsequent MFPS

phases will occur as described in this order. Any

deviations in the manner of implementation or in

the use of subsequent MFPS phases will require

proposed rule changes to be filed in accordance

with Section 19(b)(2) of the Act.

10NSCC will file with the Commission an

appropriate rule change proposal to implement fees

and charges for MFPS.

11 15 U.S.C. § 78q–1(b)(3)(F) (1988).

12 15 U.S.C. § 78q–1(a)(1)(C) (1988). 13 17 CFR 200.30–3(a)(12) (1995).

of funds.7 After MFPS data providers

deliver the daily price and rate data to

NSCC, NSCC will consolidate all such

information into a daily price and rate

file and will distribute such file to

MFPS data receivers.8 This file also will

report price and rate corrections as they

are identified by data providers.

MFPS data receivers also may elect to

receive a file containing prices received

from the National Association of

Securities Dealers (‘‘NASD’’) for the

current day. This file will include the

net asset value for approximately 6,000

funds. NSCC will maintain historical

data other than NASD price information

within the database for a period of

ninety days. NASD price information

will be maintained for thirty days.

Other components of MFPS will be

implemented in one or more phases

after approval of the daily price and rate

file.9 These other components will

include (i) the ‘‘member profile’’ which

will maintain for each NSCC member

participating in MFPS data such as

personnel contacts, telephone numbers,

addresses, commissions payment

procedures, processing capabilities and

information regarding NSCC members

which act as agents for other NSCC

members; (ii) the ‘‘security issue

profile’’ which will maintain on each

individual fund included in the profile

information such as minimum purchase

or maintenance requirements, fund

features, and various fund processing

characteristics; and (iii) the

‘‘distribution declaration information

profile’’ which will include projected

and/or actual record dates, ex-dates,

reinvestment dates, and payable dates

for fund dividend and capital gain

payments and also may include Rule

12b–1 plan and other commission

payout information. Member profile

information and security issue profile

information will be distributed only to

specific NSCC members or to all NSCC

members, depending on the instructions

of the MFPS data provider. Due to the

limited number of initial MFPS users

and the limited value of the initial

services, NSCC will not charge fees for

MFPS at this time.10

II. Discussion

Section 17A(b)(3)(F) 11 of the Act

requires that the rules of a clearing

agency be designed to foster cooperation

and coordination with persons engaged

in the clearance and settlement of

securities transactions and to remove

impediments to and perfect the

mechanism of a national system for the

prompt and accurate clearance and

settlement of transactions. Furthermore,

Section 17A(a)(1)(C) of the Act 12 sets

forth a Congressional finding that new

data processing and communications

techniques create the opportunity for

more efficient, effective, and safe

procedures for clearance and settlement.

As discussed below, the Commission

believes that NSCC’s proposed rule

change is consistent with NSCC’s

obligations under the Act.

Implementation of MFPS will allow

NSCC participants to have access to upto-date information on mutual fund

daily prices and dividend accrual rates.

This should assist NSCC participants in

the timely processing of mutual fund

transactions. The Commission believes

that the use of MFPS should thus aid in

the overall processing efficiency of

mutual fund transactions and thereby

should help remove impediments to and

enhance the mechanism of a national

market system for the clearance and

settlement of securities transactions.

Furthermore, automation and

standardization of mutual fund

information should help to reduce

processing difficulties resulting from the

use of inaccurate or incomplete mutual

fund information. MFPS also should

improve the flow of mutual fund

information among participating NSCC

members as the current methods of

obtaining such information tend to be

time consuming, labor intensive, and

prone to error. This should assist in

fostering cooperation and coordination

among persons engaged in the clearance

and settlement of securities

transactions.

III. Conclusion

On the basis of the foregoing, the

Commission finds that the proposal is

consistent with the requirements of the

Act and in particular with the

requirements of Section 17A of the Act

and the rules and regulations

thereunder.

It is therefore ordered, pursuant to

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

proposed rule change (File No. SR–

NSCC–96–04) be, and hereby is,

approved.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.13

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–12037 Filed 5–13–96; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[License No. 03/73–0203]

Blue Rock Capital, L.P.; Notice of

Issuance of a Small Business

Investment Company License

On Wednesday, December 6, 1995, a

notice was published in the Federal

Register (Vol. 60, No. 234, FR 62525)

stating that an application had been

filed by Blue Rock Capital, L.P., at 511

Twaddell Mill Road, Wilmington,

Delaware, 19807, with the Small

Business Administration (SBA)

pursuant to Section 107.102 of the

Regulations governing small business

investment companies (13 C.F.R.

107.102 (1995)) for a license to operate

as a small business investment

company.

Interested parties were given until

close of business Thursday, December

21, 1995 to submit their comments to

SBA. No comments were received.

Notice is hereby given that, pursuant

to Section 301(c) of the Small Business

Investment Act of 1958, as amended,

after having considered the application

and all other pertinent information, SBA

issued License No. 03/73–0203 on

Friday, April 19, 1996, to Blue Rock

Capital, L.P. to operate as a small

business investment company.

(Catalog of Federal Domestic Assistance

Program No. 59.011, Small Business

Investment Companies)

Dated: May 8, 1996.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 96–11952 Filed 5–13–96; 8:45 am]

BILLING CODE 8025–01–U

[License No. 03/03–0204]

CoreStates Enterprise Capital, Inc.;

Notice of Issuance of a Small Business

Investment Company License

On Wednesday, December 6, 1995, a

notice was published in the Federal
Federal Register / Vol. 61, No. 94 / Tuesday, May 14, 1996 / Notices 24345

Register (Vol. 60, No. 234, 60 FR 62525)

stating that an application had been

filed by CoreStates Enterprise Capital,

Inc., at 1345 Chestnut Street,

Philadelphia, Pennsylvania, 19107 with

the Small Business Administration

(SBA) pursuant to Section 107.102 of

the Regulations governing small

business investment companies (13

C.F.R. 107.102 (1995)) for a license to

operate as a small business investment

company.

Interested parties were given until

close of business Thursday, December

22, 1995 to submit their comments to

SBA. No comments were received.

Notice is hereby given that, pursuant

to Section 301(c) of the Small Business

Investment Act of 1958, as amended,

after having considered the application

and all other pertinent information, SBA

issued License No. 03/03–0204 on

Friday, April 19, 1996, to CoreStates

Enterprise Capital, Inc. to operate as a

small business investment company.

(Catalog of Federal Domestic Assistance

Program No. 59.011, Small Business

Investment Companies).

Dated: May 8, 1996.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 96–11950 Filed 5–13–96; 8:45 am]

BILLING CODE 8025–01–P

[License No. 06/76–0310]

First Capital Group of Texas II, L.P.;

Notice of Issuance of a Small Business

Investment Company License

On Wednesday, February 7, 1996, a

notice was published in the Federal

Register (Vol. 61, No. 26, 61 FR 4704)

stating that an application had been

filed by First Capital Group of Texas II,

L.P, at 750 East Mulberry, Suite 305,

San Antonio, Texas 78212, with the

Small Business Administration (SBA)

pursuant to Section 107.300 of the

Regulations governing small business

investment companies (13 C.F.R.

107.300 (1996)) for a license to operate

as a small business investment

company.

Interested parties were given until

close of business Thursday, February

22, 1996 to submit their comments to

SBA. No comments were received.

Notice is hereby given that, pursuant

to Section 301(c) of the Small Business

Investment Act of 1958, as amended,

after having considered the application

and all other pertinent information, SBA

issued License No. 06/76–0310 on

Friday, April 19, 1996, to First Capital

Group of Texas II, L.P. to operate as a

small business investment company.

(Catalog of Federal Domestic Assistance

Program No. 59.011, Small Business

Investment Companies).

Dated: Wednesday, May 8, 1996.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 96–11951 Filed 5–13–96; 8:45 am]

BILLING CODE 8025–01–P

[License No. 02/02–0565]

Societe Generale Capital Corporation;

Notice of Issuance of a Small Business

Investment Company License

On Wednesday, February 14, 1996, a

notice was published in the Federal

Register (Vol. 61, No. 31, FR 5829)

stating that an application had been

filed by Societe Generale Capital

Corporation, at 1221 Avenue of the

Americas, 8th Floor, New York, New

York 10020, with the Small Business

Administration (SBA) pursuant to

Section 107.300 of the Regulations

governing small business investment

companies (13 C.F.R. 107.300 (1996)) for

a license to operate as a small business

investment company.

Interested parties were given until

close of business Thursday, February

29, 1996 to submit their comments to

SBA. No comments were received.

Notice is hereby given that, pursuant

to Section 301(c) of the Small Business

Investment Act of 1958, as amended,

after having considered the application

and all other pertinent information, SBA

issued License No. 02/02–0565 on

Friday, April 19, 1996, to Societe

Generale Capital Corporation to operate

as a small business investment

company.

(Catalog of Federal Domestic Assistance

Program No. 59.011, Small Business

Investment Companies)

Dated: May 8, 1996.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 96–11953 Filed 5–13–96; 8:45 am]

BILLING CODE 8025–01–U

[Declaration of Disaster Loan Area #2849]

Arkansas; Declaration of Disaster Loan

Area

As a result of the President’s major

disaster declaration on April 23, 1996,

and an amendment thereto on April 24,

I find that Crawford, Franklin, Madison,

Marion, Sebastian, and Washington

Counties in the State of Arkansas

constitute a disaster area due to

damages caused by severe storms and

tornadoes which occurred April 21 and

22, 1996. Applications for loans for

physical damages may be filed until the

close of business on June 24, 1996, and

for loans for economic injury until the

close of business on January 23,1997 at

the address listed below: U.S. Small

Business Administration, Disaster Area

3 Office, 4400 Amon Carter Blvd., Suite

102, Fort Worth, TX 76155, or other

locally announced locations. In

addition, applications for economic

injury loans from small businesses

located in the following contiguous

counties may be filed until the specified

date at the above location: Baxter,

Benton, Boone, Carroll, Johnson, Logan,

Newton, Scott, and Searcy Counties in

Arkansas; Adair, LeFlore, and Sequoyah

Counties in Oklahoma; and Ozark and

Taney Counties in Missouri.

Interest rates are:

Percent

For Physical Damage:

Homeowners With Credit Available

Elsewhere .................................... 7.250

Homeowners Without Credit Available Elsewhere ............................ 3.625

Businesses With Credit Available

Elsewhere .................................... 8.000

Businesses and Non-Profit Organizations Without Credit Available

Elsewhere .................................... 4.000

Others (Including Non-Profit Organizations) With Credit Available

Elsewhere .................................... 7.125

For Economic Injury:

Businesses and Small Agricultural

Cooperatives Without Credit

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

The number assigned to this disaster

for physical damage is 284912. For

economic injury the numbers are

883500 for Arkansas, 883600 for

Oklahoma, and 883800 for Missouri.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: May 7, 1996.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 96–11955 Filed 5–13–96; 8:45 am]

BILLING CODE 8025–01–P

Houston District Advisory Council

Public Meeting

The U.S. Small Business

Administration, Houston District

Advisory Council will hold a public

meeting on Thursday, May 30, 1996

from 1:30 p.m. in the SBA Conference

Room, at their offices at 9301 Southwest

Freeway, Suite 550, Houston, Texas

77074–1591, to discuss matters as may

be presented by members, staff of the

U.S. Small Business Administration, or

others present.