80878 
Federal Register / Vol. 75, No. 246 / Thursday, December 23, 2010 / Notices 
12 17 CFR 200.30–3(a)(12). 
1 15 U.S.C. 78s(b)(1). 
2 Securities Exchange Act Release No. 63254 
(November 5, 2010), 75 FR 69514 (November 12, 
2010). 
3 The amendment was the subject of a DTC 
proposed rule change approved by the Commission. 
Securities Exchange Act No. 34–41529 (June 15, 
1999), 64 FR 33333 (June 22, 1999) [File No. SR– 
DTC–1999–08]. The amendment was also approved 
by the New York State Superintendent of Banks. 
4 Securities Exchange Release No. 43197 (August 
23, 2000), 65 FR 52459 (August 29, 2000) [File No. 
SR–DTC–2000–02]. 
5 Securities Exchange Act Release No. 54775 
(November 17, 2006), 71 FR 68662 (November 27, 
2006) [SR–DTC–2006–14]. 
6 Securities Exchange Act Release No. 59612 
(March 20, 2009), 74 FR 13488 (March 27, 2009) 
[File No. SR–DTC–2009–06]. 
7 On October 20, 2010, DTC’s sole stockholder, 
The Depository Trust & Clearing Corporation, 
authorized DTC to amend its Certificate of 
Organization to increase the number of shares of 
authorized preferred stock, as required by Section 
8003 of the Banking Law of the State of New York. 
DTC is also required to seek approval from the New 
York State Banking Department, which concurrent 
with the filing of this proposed rule change, it has 
done. 
8 DTC, as a member institution of the Federal 
Reserve System, is subject to capital guidelines 
issued by the Board of Governors of the Federal 
Reserve System. To be considered ‘‘well- 
capitalized’’ under these guidelines, DTC must, 
among other things, maintain a Total Risk-Based 
Capital Ratio of at least 10%, a Leverage Ratio of 
at least 5%, and a Tier 1 Risk-Based Capital Ratio 
of at least 6%. 
The authorization and issuance of this additional 
1,750,000 shares will increase the number of shares 
of Series A Preferred Stock to a total of 3,250,000 
shares with a total par value of $325 million. This 
will enable DTC to continue to be ‘‘well capitalized’’ 
under the capital guidelines issued by the Board of 
Governors of the Federal Reserve System. 
9 15 U.S.C. 78q–1(b)(3)(F). 
10 17 CFR 200.30–3(a)(12). 
Commission does not edit personal 
identifying information from 
submissions. You should submit only 
information that you wish to make 
available publicly. All submissions 
should refer to File Number SR–EDGX– 
2010–17 and should be submitted on or 
before January 13, 2011. 
For the Commission, by the Division of 
Trading and Markets, pursuant to delegated 
authority.12 
Florence E. Harmon, 
Deputy Secretary. 
[FR Doc. 2010–32286 Filed 12–22–10; 8:45 am] 
BILLING CODE 8011–01–P 
SECURITIES AND EXCHANGE 
COMMISSION 
[Release No. 34–63567; File No. SR–DTC– 
2010–14] 
Self-Regulatory Organizations; The 
Depository Trust Company; Order 
Granting Approval of a Proposed Rule 
Change To Authorize Additional 
Shares of Preferred Stock and 
Designate Shares as Series A 
Preferred Stock 
December 16, 2010. 
I. Introduction 
On October 22, 2010, The Depository 
Trust Company (‘‘DTC’’) filed with the 
Securities and Exchange Commission 
(‘‘Commission’’) proposed rule change 
SR–DTC–2010–11 pursuant to Section 
19(b)(1) of the Securities Exchange Act 
of 1934 (‘‘Act’’).1 Notice of the proposal 
was published in the Federal Register 
on November 12, 2010.2 The 
Commission received no comment 
letters. For the reasons discussed below, 
the Commission is granting approval of 
the proposed rule change. 
II. Description 
In 1999, DTC’s Certificate of 
Organization was amended (‘‘1999 
Amendment’’) to provide for the 
authorization and issuance of 1,500,000 
shares of preferred stock, par value $100 
per share.3 The 1999 Amendment also 
provided that the preferred stock could 
be issued in one or more classes having 
such designations, relative rights, 
preferences, or limitation as fixed by the 
Board of Directors of DTC at the time of 
issuance of any such preferred stock. 
DTC’s Certificate of Organization has 
been amended three times since the 
1999 Amendment to provide for the 
issuance of variable rate, 
noncumulative, nonvoting shares of 
Series A preferred stock, par value $100 
per shares, which are preferred over 
DTC’s common stock as to dividends 
and in the event of liquidation (‘‘Series 
A Preferred Stock’’). The first such 
amendment (filed in 2000) provided for 
the issuance of 750,000 shares of the 
Series A Preferred Stock.4 The second 
amendment (filed in 2006) provided for 
the issuance of an additional 500,000 
shares of Series A Preferred Stock.5 The 
third amendment (filed in 2009) 
provided for the issuance of an 
additional 250,000 shares of Series A 
Preferred Stock.6 
DTC participants are required to 
purchase and own shares of the Series 
A Preferred Stock in proportion to their 
use of DTC services. DTC treats the 
Series A Preferred Stock held by 
participants substantially the same as it 
treats the mandatory cash deposits made 
by participants to the Participants Fund 
for purposes of collateralizing securities 
transactions, limiting net debit 
positions, implementing default 
procedures, and allocating unrecovered 
losses. 
In order to further increase its capital, 
DTC is amending its Certificate of 
Organization 7 to authorize an 
additional 1,750,000 shares of Series A 
Preferred stock with such rights, 
preferences, and limitations as currently 
provided in its Certificate of 
Organization.8 
III. Discussion 
Section 17A(b)(3)(F) of the Act 
requires that the rules of a clearing 
agency be designed to, among other 
things, assure the safeguarding of 
securities and funds which are in the 
custody or control of the clearing agency 
or for which it is responsible and to 
protect investors and the public 
interest.9 The Commission believes that 
the rule change is consistent with DTC’s 
obligations under the Exchange Act 
because the rule change will enable DTC 
to be ‘‘well capitalized’’ while not 
adversely affecting its ability to 
adequately safeguard the securities and 
funds in its 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 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– 
DTC–2010–14) be and hereby is 
approved. 
For the Commission by the Division of 
Trading and Markets, pursuant to delegated 
authority.10 
Florence E. Harmon, 
Deputy Secretary. 
[FR Doc. 2010–32225 Filed 12–22–10; 8:45 am] 
BILLING CODE 8011–01–P 
SMALL BUSINESS ADMINISTRATION 
[Disaster Declaration #12418 and #12419] 
U.S. Virgin Islands Disaster #VI–00006 
AGENCY: U.S. Small Business 
Administration. 
ACTION: Notice. 
SUMMARY: This is a notice of an 
Administrative declaration of a disaster 
for the U.S. Virgin Islands dated 12/15/ 
2010. 
Incident: Tropical Storm Tomas. 
Incident Period: 11/08/2010 through 
11/12/2010. 
Effective Date: 12/15/2010. 
Physical Loan Application Deadline 
Date: 02/14/2011. 
Economic Injury (EIDL) Loan 
Application Deadline Date: 09/15/2011. 
VerDate Mar<15>2010 
18:06 Dec 22, 2010
Jkt 223001
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
E:\FR\FM\23DEN1.SGM
23DEN1
mstockstill on DSKH9S0YB1PROD with NOTICES
80879 
Federal Register / Vol. 75, No. 246 / Thursday, December 23, 2010 / Notices 
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: Notice is 
hereby given that as a result of the 
Administrator’s disaster declaration, 
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 Island: Saint Croix. 
The Interest Rates are: 
Percent 
For Physical Damage: 
Homeowners With Credit Avail-
able Elsewhere ......................
4.500 
Homeowners 
Without 
Credit 
Available Elsewhere ..............
2.250 
Businesses With Credit Avail-
able Elsewhere ......................
6.000 
Businesses 
Without 
Credit 
Available Elsewhere ..............
4.000 
Non-Profit Organizations With 
Credit Available Elsewhere ...
3.250 
Non-Profit Organizations With-
out Credit Available Else-
where .....................................
3.000 
For Economic Injury: 
Businesses & Small Agricultural 
Cooperatives Without Credit 
Available Elsewhere ..............
4.000 
Non-Profit Organizations With-
out Credit Available Else-
where .....................................
3.000 
The number assigned to this disaster 
for physical damage is 12418 B and for 
economic injury is 12419 0. 
(Catalog of Federal Domestic Assistance 
Numbers 59002 and 59008) 
The Island which received an EIDL 
Declaration # is Saint Croix. 
Dated: December 15, 2010. 
Karen G. Mills, 
Administrator. 
[FR Doc. 2010–32338 Filed 12–22–10; 8:45 am] 
BILLING CODE 8025–01–P 
DEPARTMENT OF STATE 
[Public Notice: 7273] 
Bureau of Educational and Cultural 
Affairs (ECA) Request for Grant 
Proposals: English Language Materials 
Training and Development Program 
Announcement Type: New 
Cooperative Agreement. 
Funding Opportunity Number: ECA/ 
A/L–11–02. 
Catalog of Federal Domestic 
Assistance Number: 19.421. 
Key Dates: Application Deadline: 
March 15, 2011. 
Executive Summary: The Office of 
English Language Programs of the 
Bureau of Educational and Cultural 
Affairs (ECA/A/L) announces an open 
competition for the English Language 
Materials Training and Development 
Program, including a U.S. exchange 
component in summer, 2012. U.S. 
public and private universities with a 
graduate TEFL program meeting the 
provisions described in Internal 
Revenue Code section 26 U.S.C. 
501(c)(3) may submit proposals to 
implement the program that will 
include the following: 1. A needs 
assessment for English language 
instructional materials abroad; 2. an 
rigorous, online academic program in 
materials development for 26 
international participants; 3. a three- 
week, U.S. exchange program for the 
same 26 participants including 
materials development training; 4. the 
revision of at least three products/ 
publications presently in the ECA/A/L 
materials catalogue and the 
development of at least three new 
products/publications. More detailed 
information about each of these four 
components of this cooperative 
agreement are detailed in the Program 
Objectives, Goals, and Implementation 
(POGI). Funding is pending the 
availability of FY–2011 funds. 
For the needs assessment for English 
language instructional materials, the 
proposal should include a detailed plan 
for the recipient organization to perform 
a needs assessment among English 
language learners and instructors 
outside the U.S., including present and 
past participants in ECA/A/L programs 
as well as the Regional English 
Language Officers (RELOs), the corps of 
State Department Specialist Foreign 
Service Officers based around the 
world. The objective of the materials 
needs assessment will be to identify 
instructional materials preferences and 
needs of learners and instructors of 
English. This information will serve to 
inform the development and 
implementation of the other 
components of this program. 
For the online program in materials 
development, proposals must outline 
and demonstrate an ability to produce 
an online program that blends various 
social media and web-based 
technologies to provide professional 
development opportunities on materials 
assessment, review, adaptation and 
development to approximately twenty- 
six foreign participants. The 
participants will be selected by ECA/A/ 
L in consultation with the RELOs. 
Participants will be: citizens of the 
country in which they reside; university 
degree holders, preferably at the 
graduate level in the fields of TEFL or 
Applied Linguistics; employed in a 
position which includes substantive 
responsibilities in the area of materials 
assessment, adaptation, development, or 
closely related area; in positions of 
authority with regard to the adaptation, 
development and use of instructional 
materials at the institutional, regional, 
and/or national levels; and 
professionally proficient in English. The 
online program must commence at least 
ten weeks before the U.S. exchange and 
include at least five sessions after 
completion of the U.S. exchange. The 
program must also incorporate existing 
ECA/A/L materials, drafts of revised 
materials, and new products/ 
publications as illustrations throughout 
the online program. 
For the U.S. university-based 
Exchange component, the recipient will 
develop and implement a workshop in 
the U.S. for the twenty-six English 
language teaching professionals who 
have been participating in online 
program. The four-week U.S. Exchange 
should be implemented in July of 2012 
and include an orientation to the U.S.; 
an intensive program on materials 
assessment, adaptation, review and 
development; cultural and community 
service activities; and a three day 
briefing in Washington, DC at the 
conclusion of the exchange component. 
The Washington, DC briefing should 
familiarize participants with ECA and 
other relevant bureaus within the State 
Department, allow participants to meet 
with English language materials 
developers from Washington, DC, and 
provide an opportunity for participants 
to share their materials development 
program development plans. 
Participants will be encouraged to 
develop a materials development 
program to implement in their home 
countries following the exchange 
program. The proposal should include a 
detailed plan for the content, 
administration, and implementation of 
the U.S. exchange. 
VerDate Mar<15>2010 
18:06 Dec 22, 2010
Jkt 223001
PO 00000
Frm 00094
Fmt 4703
Sfmt 4703
E:\FR\FM\23DEN1.SGM
23DEN1
mstockstill on DSKH9S0YB1PROD with NOTICES