Federal Register / Vol. 82, No. 164 / Friday, August 25, 2017 / Notices 40613 

1 50 respondents × 6 responses per year × 2 hours 

per response = 600 hours per year. 

2 50 respondents × 6 responses per year = 300 

responses per year. 

3 300 responses per year × 2 hours per response 

= 600 hours per year. 

4Cost per hour for a clerk is from SIFMA’s Office 

Salaries in the Securities Industry 2013, modified 

by Commission staff to account for an 1800-hour 

work-year and multiplied by 2.93 to account for 

bonuses, firm size, employee benefits and overhead. 

5 600 hours per year × $57.00 per hour = $34,200 

per year. 

6The records required by Rule 15c2–5 would be 

available only for examination purposes of the 

Commission staff, state securities authorities, and 

the self-regulatory organizations. Subject to the 

provisions of the Freedom of Information Act, 5 

U.S.C. 552, and the Commission’s rules thereunder 

(17 CFR 200.80(b)(4)(iii)), the Commission does not 

generally publish or make available information 

contained in any reports, summaries, analyses, 

letters, or memoranda arising out of, in anticipation 

of, or in connection with an examination or 

inspection of the books and records of any person 

or any other investigation. 

transaction by the broker-dealer or 

certain related persons (unless the 

person receives certain materials from 

the lender or broker-dealer which 

contain the required information); and 

(2) obtains from the person information 

on the person’s financial situation and 

needs, reasonably determines that the 

transaction is suitable for the person, 

and retains on file and makes available 

to the person on request a written 

statement setting forth the brokerdealer’s basis for determining that the 

transaction was suitable. The collection 

of information required by Rule 15c2–5 

is necessary to execute the 

Commission’s mandate under the 

Exchange Act to prevent fraudulent, 

manipulative, and deceptive acts and 

practices by broker-dealers. 

The Commission estimates that there 

are approximately 50 respondents that 

require an aggregate total of 600 hours 

to comply with Rule 15c2–5.1 Each of 

these approximately 50 registered 

broker-dealers makes an estimated six 

annual responses, for an aggregate total 

of 300 responses per year.2 Each 

response takes approximately two hours 

to complete. Thus, the total compliance 

burden per year is 600 burden hours.3

The approximate internal compliance 

cost per hour is $57.00 for clerical 

labor,4 resulting in a total internal 

compliance cost of $34,200.5 These 

reflect internal labor costs; there are no 

external labor, capital, or start-up costs. 

Although Rule 15c2–5 does not 

specify a retention period or recordkeeping requirement under the rule, 

broker-dealers are required to preserve 

the records for a period no less than six 

years pursuant to Rule 17a–4(c). The 

information required under Rule 15c2– 

5 is necessary for broker-dealers to 

engage in the lending activities 

prescribed in the Rule. Rule 15c2–5 

does not assure confidentiality for the 

information retained under the rule.6

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

The public may view background 

documentation for this information 

collection at the following Web site: 

www.reginfo.gov. Comments should be 

directed to: (i) Desk Officer for the 

Securities and Exchange Commission, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503, 

or by sending an email to: Shagufta_

Ahmed@omb.eop.gov; and (ii) Pamela 

Dyson, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

100 F Street NE., Washington, DC 

20549, or by sending an email to: PRA_

Mailbox@sec.gov. Comments must be 

submitted to OMB within 30 days of 

this notice. 

Dated: August 22, 2017. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–18073 Filed 8–24–17; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #15255 and #15256; 

WEST VIRGINIA Disaster Number WV– 

00046] 

Presidential Declaration of a Major 

Disaster for the State of West Virginia 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for the State of West Virginia 

(FEMA–4331–DR), dated 08/18/2017. 

Incident: Severe Storms, Flooding, 

Landslides, and Mudslides. 

Incident Period: 07/28/2017 through 

07/29/2017. 

DATES: Issued on 08/18/2017. 

Physical Loan Application Deadline 

Date: 10/17/2017. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 05/18/2018. 

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, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

08/18/2017, applications for disaster 

loans may be filed at the address listed 

above or other locally announced 

locations. The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties (Physical Damage and 

Economic Injury Loans): Harrison, 

Marion, Marshall, Wetzel 

Contiguous Counties (Economic Injury 

Loans Only): 

West Virginia: Barbour, Doddridge, 

Lewis, Monongalia, Ohio, Taylor, 

Tyler, Upshur. 

Ohio: Belmont, Monroe 

Pennsylvania: Greene, Washington 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners with Credit Available Elsewhere ...................... 3.500 

Homeowners without Credit 

Available Elsewhere .............. 1.750 

Businesses with Credit Available Elsewhere ...................... 6.610 

Businesses without Credit 

Available Elsewhere .............. 3.305 

Non-Profit Organizations with 

Credit Available Elsewhere ... 2.500 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 2.500 

For Economic Injury: 

Businesses & Small Agricultural 

Cooperatives without Credit 

Available Elsewhere .............. 3.305 

Non-Profit Organizations Without Credit Available Elsewhere ..................................... 2.500 

The number assigned to this 

disaster for physical damage 

is 152556 and for economic 

injury is 152560..

(Catalog of Federal Domestic Assistance 

Number 59008) 

James E. Rivera, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2017–18039 Filed 8–24–17; 8:45 am] 

BILLING CODE 8025–01–P 


sradovich on DSK3GMQ082PROD with NOTICES