26244 Federal Register / Vol. 61, No. 102 / Friday, May 24, 1996 / Notices

8 17 CFR 200.30–3(a)(12) (1995).

a bank within the meaning of Section

3(a)(6) of the Act because it is a member

of the Federal Reserve System, (ii) COPS

is a custody business designed to hold

securities in a depository ‘‘free’’

position, which will not require

payment to return the securities to

brokers and dealers, and (iii) securities

deposited into COPS will not be subject

to any right, charge, security interest,

lien, or claim in favor of Philadep or any

of its creditors.

Philadep believes the proposed COPS

service complies with Section 17A of

the Act insofar as it is contemplated to

protect investors and the public interest,

to foster cooperation and coordination

with persons engaged in the clearance

and settlement of securities

transactions, and to further assure the

safeguarding of securities which are in

the custody and control of Philadep.

(B) Self-Regulatory Organization’s

Statement on Burden on Competition

Philadep believes that COPS will

foster competition.

(C) Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received from

Members, Participants or Others

Written comments were neither

solicited nor received with respect to

the proposed rule change. However,

Philadep has received several oral

comments from its participants which

support Philadep in developing the

services contemplated by the proposed

rule change. These comments focus of

the benefits of cost reduction and

Philadep participants’ opportunity

costs.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within thirty-five days of the date of

publication of this notice in the Federal

Register or within such longer period (i)

as the Commission may designate up to

ninety days of such date if it finds such

longer period to be appropriate and

publishes its reasons for so finding or

(ii) as to which Philadep consents, the

Commission will:

(A) By order approve such proposed

rule change or

(B) Institute proceedings to determine

whether the proposed rule change

should be disapproved.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington, DC 20549. Copies of the

submission, all subsequent

amendments, all written statements

with respect to the proposed rule

change that are filed with the

Commission, and all written

communications relating to the

proposed rule change between the

Commission and any person, other than

those that may be withheld from the

public in accordance with the

provisions of 5 U.S.C. 552, will be

available for inspection and copying in

the Commission’s Public Reference

Room, 450 Fifth Street, NW.,

Washington, DC 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of Philadep. All submissions

should refer to the file number SR–

PHILADEP–95–12 and should be

submitted by June 14, 1996.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.8

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–13140 Filed 5–23–96; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster Loan Area #2852;

(Amendment #1]

Illinois Declaration of Disaster Loan

Area

In accordance with notices from the

Federal Emergency Management Agency

dated May 9 and May 10, 1996, the

above-numbered Declaration is hereby

amended to include Lawrence,

Madison, and Monroe Counties in the

State of Illinois as a disaster area due to

damages caused by severe storms and

flooding beginning on April 28, 1996

and continuing.

In addition, applications for economic

injury loans from small businesses

located in the contiguous counties of

Bond, Crawford, Jersey, Macoupin,

Montgomery, Richland, and Wabash in

Illinois; Jefferson, St. Charles, and Ste.

Genevieve Counties in Missouri; and

Knox and Sullivan Counties in Indiana

may be filed until the specified date at

the previously designated location.

All other information remains the

same, i.e., the termination date for filing

applications for physical damage is July

5, 1996, and for loans for economic

injury the deadline is February 6, 1997.

The economic injury number for the

State of Indiana is 888900.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: May 16, 1996.

Bernard Kulik,

Associate Administrator for Disaster

Assistance.

[FR Doc. 96–13065 Filed 5–23–96; 8:45 am]

BILLING CODE 8025–01–P

[Declaration of Disaster Loan Area #2853]

New Mexico (and Contiguous Counties

in Colorado); Declaration of Disaster

Loan Area

Taos County and the contiguous

counties of Colfax, Mora, and Rio Arriba

in the State of New Mexico, and Conejos

and Costilla Counties in the State of

Colorado constitute a disaster area as a

result of damages caused by a wildfire

that occurred May 5 through May 10,

1996. Applications for loans for

physical damage may be filed until the

close of business on July 15, 1996 and

for economic injury until the close of

business on February 18, 1997 at the

address listed below: U.S. Small

Business Administration, Disaster Area

3 Office, 4400 Amon Carter Blvd., Suite

102, Fort Worth, Texas 76155, or other

locally announced locations.

The interest rates are:

Percent

For physical damage:

Homeowners with credit available elsewhere ........................ 7.625

Homeowners without credit available elsewhere ........................ 3.875

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 numbers assigned to this disaster

for physical damage are 285305 for New

Mexico and 285405 for Colorado. For

economic injury the numbers are

889000 for New Mexico and 889100 for

Colorado.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008)

Dated: May 16, 1996.

Philip Lader,

Administrator.

[FR Doc. 96–13066 Filed 5–23–96; 8:45 am]

BILLING CODE 8025–01–P