31912 Federal Register / Vol. 65, No. 98 / Friday, May 19, 2000 / Notices

DATES: Comments must be submitted on

or before June 19, 2000.

Availability: The proposed

prospective purchaser agreement and

additional background documentation

relating to the settlement are available

for public inspection at the U.S.

Environmental Protection Agency, 75

Hawthorne Street, San Francisco, CA

94105. A copy of the proposed

settlement may be obtained from Kara

Christenson, Assistant Regional Counsel

(ORC–2), Office of Regional Counsel,

U.S. EPA Region IX, 75 Hawthorne

Street, San Francisco, CA 94105.

Comments should reference ‘‘WCSJ

LLC, South Bay Asbestos Area

Superfund Site,’’ and ‘‘Docket No.

2000–07’’ and should be addressed to

Kara Christenson at the above address.

FOR FURTHER INFORMATION CONTACT: Kara

Christenson, Assistant Regional Counsel

(ORC–2), Office of Regional Counsel,

U.S. EPA Region IX, 75 Hawthorne

Street, San Francisco, CA 94105; E-mail:

christenson.kara@epa. gov; phone: (415)

744–1330.

Keith Takata,

Director, Superfund Division, Region IX.

[FR Doc. 00–12645 Filed 5–18–00; 8:45 am]

BILLING CODE 6560–50–M

FEDERAL RESERVE SYSTEM

Agency Information Collection

Activities: Proposed Collection;

Comment Request

AGENCY: Board of Governors of the

Federal Reserve System.

Background

On June 15, 1984, the Office of

Management and Budget (OMB)

delegated to the Board of Governors of

the Federal Reserve System (Board) its

approval authority under the Paperwork

Reduction Act, as per 5 CFR 1320.16, to

approve of and assign OMB control

numbers to collection of information

requests and requirements conducted or

sponsored by the Board under

conditions set forth in 5 CFR 1320

Appendix A.1. Board-approved

collections of information are

incorporated into the official OMB

inventory of currently approved

collections of information. Copies of the

OMB 83—Is and supporting statements

and approved collection of information

instruments are placed into OMB’s

public docket files. The Federal Reserve

may not conduct or sponsor, and the

respondent is not required to respond

to, an information collection that has

been extended, revised, or implemented

on or after October 1, 1995, unless it

displays a currently valid OMB control

number.

Request for Comment on Information

Collection Proposals

The following information

collections, which are being handled

under this delegated authority, have

received initial Board approval and are

hereby published for comment. At the

end of the comment period, the

proposed information collections, along

with an analysis of comments and

recommendations received, will be

submitted to the Board for final

approval under OMB delegated

authority. Comments are invited on the

following:

a. Whether the proposed collection of

information is necessary for the proper

performance of the Federal Reserve’s

functions; including whether the

information has practical utility;

b. The accuracy of the Federal

Reserve’s estimate of the burden of the

proposed information collection,

including the validity of the

methodology and assumptions used;

c. Ways to enhance the quality,

utility, and clarity of the information to

be collected; and

d. Ways to minimize the burden of

information collection on respondents,

including through the use of automated

collection techniques or other forms of

information technology.

DATES: Comments must be submitted on

or before July 18, 2000.

ADDRESSES: Comments, which should

refer to the OMB control number or

agency form number, should be

addressed to Jennifer J. Johnson,

Secretary, Board of Governors of the

Federal Reserve System, 20th and C

Streets, NW, Washington, DC 20551, or

mailed electronically to

regs.comments@federalreserve.gov.

Comments addressed to Ms. Johnson

also may be delivered to the Board’s

mail room between 8:45 a.m. and 5:15

p.m., and to the security control room

outside of those hours. Both the mail

room and the security control room are

accessible from the courtyard entrance

on 20th Street between Constitution

Avenue and C Street, NW. Comments

received may be inspected in room M–

P–500 between 9:00 a.m. and 5:00 p.m.,

except as provided in section 261.14 of

the Board’s Rules Regarding Availability

of Information, 12 CFR 261.14(a).

A copy of the comments may also be

submitted to the OMB desk officer for

the Board: Alexander T. Hunt, Office of

Information and Regulatory Affairs,

Office of Management and Budget, New

Executive Office Building, Room 3208,

Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: A

copy of the proposed form and

instructions, the Paperwork Reduction

Act Submission (OMB 83–I), supporting

statement, and other documents that

will be placed into OMB’s public docket

files once approved may be requested

from the agency clearance officer, whose

name appears below. Mary M. West,

Chief, Financial Reports Section (202–

452–3829), Division of Research and

Statistics, Board of Governors of the

Federal Reserve System, Washington,

DC 20551. Telecommunications Device

for the Deaf (TDD) users may contact

Diane Jenkins, (202–452–3544), Board of

Governors of the Federal Reserve

System, Washington, DC 20551.

Proposal To Approve Under OMB

Delegated Authority the Extension for

Three Years, With Revision, of the

Following Reports

1. Report title: Monthly Survey of

Industrial Electricity Use.

Agency form number: FR 2009.

OMB control number: 7100–0057.

Frequency: Monthly.

Reporters: FR 2009a/c: Electric utility

companies; FR 2009b: Cogenerators.

Annual reporting hours: FR 2009a/c:

2,196 hours; FR 2009c: 1,188 hours.

Estimated average hours per response:

FR 2009a/c: 1 hour; FR 2009b: 30

minutes.

Number of respondents: FR 2009a/c:

183; FR 2009b: 198. Small businesses

are affected.

General description of report: This

information collection is voluntary (12

U.S.C. 225a, 263, 353 et seq., and 461)

and individual respondent data are

given confidential treatment (5 U.S.C.

552(b)(4)).

Abstract: The survey collects

information on the volume of electric

power delivered during the month to

classes of industrial customers.

Currently, there are two versions of the

survey: the FR 2009a, collects

information from electric utilities, the

FR 2009b collects information from

manufacturing and mining facilities that

generate electric power for their own

use.

Current Actions: During the next two

years the industrial output index will be

revised to reflect the new North

American Industry Classification

System (NAICS). The published series

will be categorized under the NAICS

codes instead of the current Standard

Industrial Classification (SIC) codes. To

facilitate this transition process, the

Federal Reserve will ask utilities to

reclassify their customers using the new

codes. The FR 2009c has been created

in the NAICS format for use by

respondents that have made the

Federal Register / Vol. 65, No. 98 / Friday, May 19, 2000 / Notices 31913

transition from SIC to NAICS codes. The

FR 2009a would be completed by only

the respondents that choose to report

SIC codes. This approach would not

impose any added burden on the

respondents. The Federal Reserve also

proposes to eliminate the FR 2009a after

the two-year transition period.

2. Report title: The Bank Holding

Company Report of Insured Depository

Institutions’ Section 23A Transactions

with Affiliates.

Agency form number: FR Y–8.

OMB control number: 7100–0126.

Frequency: Quarterly.

Reporters: Bank holding companies,

financial holding companies.

Annual reporting hours: 169,027

hours.

Estimated average hours per response:

7.2 hours.

Number of respondents: 5,869.

Small businesses are not affected.

General description of report: This

information collection is authorized by

section 5(c) of the Bank Holding

Company Act (12 U.S.C. 1844(c)) and

section 225.5(b) of Regulation Y (12 CFR

225.5(b)) and is given confidential

treatment pursuant to the Freedom of

Information Act (5 U.S.C. 552(b)(4) and

(8)).

Abstract: The FR Y–8 collects

information on the movement of funds

between a domestic bank holding

company and its subsidiaries in order to

identify broad categories of

intercompany transactions and balances

that may affect the financial condition

of the subsidiary bank. The report also

collects information on income

recognized by subsidiary banks from

other bank holding company members

as well as information on credit

extended by subsidiary banks to other

bank holding company members.

Domestic top-tier bank holding

companies with assets of $300 million

or more are required to file the FR Y–

8 on a semiannual basis (June and

December). Also, interim reporting is

currently required within ten calendar

days of certain large asset transfers. The

Federal Reserve proposes to delete the

current information on the FR Y–8 and

collect fourteen items of information on

Section 23A covered transactions.

Current actions: On September 21,

1999, a Federal Register notice (64 FR

51121) was issued for public comment

to completely revise the FR Y–8 to

enhance the Federal Reserve’s ability to

monitor bank exposures to affiliates and

to ensure compliance with section 23A

of the Federal Reserve Act. Specifically,

the initial proposal would have required

bank holding companies to report

quarterly, for each of their subsidiary

banks, four items of information on

covered transactions under section 23A.

Domestic financial top-tier bank holding

companies would be required to provide

information on an individual-bank-basis

for each of their insured depository

institutions. The interim report would

be eliminated. After this proposal was

issued, the enactment of the GrammLeach-Bliley Act (GLBA) of 1999

increased the importance of section 23A

of the Federal Reserve Act and revised

the requirements of section 23A. These

changes required revisions to the initial

proposal.

The GLBA expands the coverage of

section 23A to include a new entity, the

financial subsidiary, as an affiliate of the

insured depository institution. In

addition, GLBA applied additional

section 23A limits to certain

transactions between insured depository

institutions, their affiliates, and their

financial subsidiaries that engage in the

new banking powers. The revised FR Y–

8 report will retain the four items

initially proposed. However, the Federal

Reserve also proposes to collect

additional items that would be

completed only by bank holding

companies that have insured depository

institutions that own financial

subsidiaries. These additional items are

necessary to adequately assess the

different section 23A limits that apply

to institutions with and without

financial subsidiaries.

Based on the revisions to section 23A,

the Federal Reserve proposes that all

bank holding companies, including

financial holding companies, report for

their insured depository institutions the

following four items, which were part of

the original proposal: For all covered

transactions subject to section 23A’s

collateral requirements, holding

companies would report for each of

their insured depository institutions (a)

the outstanding amount of such

transactions as of the report date and (b)

the maximum amount of such

transactions during the calendar quarter

ending with the report date. For covered

transactions not subject to the collateral

requirements, holding companies would

likewise report for each of their insured

depository institutions (a) the

outstanding amount of such transactions

as of the report date and (b) the

maximum amount of such transactions

during the calendar quarter ending with

the report date. All transactions between

insured depository institutions and

financial subsidiaries would be

excluded from these four items.

In addition, holding companies

engaged in new powers through

financial subsidiaries would report ten

additional items on covered transactions

between the insured depository

institution and financial subsidiaries

and between the affiliates of the insured

depository institution and the financial

subsidiaries. For all covered

transactions subject to section 23A’s

collateral requirements between the

insured depository institution and

financial subsidiaries, holding

companies would report for each of

their insured depository institutions (a)

the outstanding amount of such

transactions as of the report date and (b)

the maximum amount of such

transactions during the calendar quarter

ending with the report date. For all

covered transactions not subject to

section 23A’s collateral requirements

between the insured depository

institution and financial subsidiaries,

holding companies would report for

each of their insured depository

institutions (a) the outstanding amount

of such transactions as of the report date

and (b) the maximum amount of such

transactions during the calendar quarter

ending with the report date. For

purchase of, or investment in, securities

issued by the financial subsidiaries of

the insured depository institution by the

insured depository institution, the

holding company would report the

outstanding amount of (a) equity

securities as of the report date and (b)

debt securities as of the report date. For

purchase of, or investment in, securities

issued by the financial subsidiaries of

the insured depository institution by the

affiliates of the insured depository

institution, the financial holding

company would report the outstanding

amount of (a) equity securities as of the

report date and (b) debt securities as of

the report date. For loans and other

extensions of credit by affiliates of the

insured depository institution to the

financial subsidiaries of the insured

depository institution, the holding

company would report (a) the

outstanding amount of such transactions

as of the report date and (b) the

maximum amount of such transactions

during the calendar quarter ending with

the report date.

In order to monitor the amount of

covered transactions that an insured

depository institution has with financial

subsidiaries, the Federal Reserve

believes that it is necessary to

distinguish those covered transactions

from covered transactions the insured

depository institution has with other

affiliates of the holding company. The

additional items on investments in and

extensions of credit to financial

subsidiaries will provide the

information needed to determine

whether the insured depository

institution is evading the limits on

31914 Federal Register / Vol. 65, No. 98 / Friday, May 19, 2000 / Notices

transactions with their financial

subsidiaries.

The comment period ended on

November 22, 1999, and the Federal

Reserve received public comments from

twelve bank holding companies on the

initially proposed revisions to the FR Y–

8. Respondents suggested the following

four alternatives for reducing burden:

Collect the proposed items on the

commercial bank or bank holding

company quarterly financial statements

or through the examination process,

eliminate the reporting of the maximum

aggregate amounts outstanding during

the quarter, exempt institutions from

reporting based upon an asset size, and

exempt institutions with no affiliates or

covered transactions from reporting.

In response to public comments

received in 1999 on the initially

proposed revisions, the Federal Reserve

also proposes to add a declaration page

and two check boxes to the reporting

form to reduce reporting burden. The

proposed declaration page and check

boxes will alleviate reporting burden by

exempting certain insured depository

institutions from completing all of the

proposed report items.

Section 23A of the Federal Reserve

Act is one of the most important statutes

protecting the federal safety net by

limiting exposures of the insured

depository institutions to affiliates.

GLBA has elevated the importance of

Section 23A and the need to collect

information to monitor bank exposures

to affiliates. The Federal Reserve

strongly believes that a separate report

collected on an individual insured

depository institution basis for all

insured depository institutions that are

owned by the bank holding company is

necessary to monitor compliance with

section 23A. The information requested

at the end of each reporting period as

well as the maximum amount during

the period should be available and not

significantly burdensome to report

because insured depository institutions

already should, on an ongoing basis, be

continuously monitoring their section

23A covered transaction exposures to

ensure compliance with the statute.

The proposed revised report would

become effective with the September 30,

2000, reporting date.

3. Report title: Daily Advance Report

of Deposits.

Agency form number: FR 2000.

OMB control number: 7100–0087.

Frequency: Weekly.

Reporters: Depository institutions.

Annual reporting hours: 24,960 hours.

Estimated average hours per response:

36 minutes.

Number of respondents: 160. Small

businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 248(a) and 461) and is given

confidential treatment (5 U.S.C.

552(b)(4)).

Abstract: This advance report is

commonly referred to as the Markstat D.

The Markstat D report collects selected

deposit and vault cash data for the most

recent reporting week from a sample of

large commercial banks and thrifts

before such data become available for

the universe of all FR 2900 weekly

reporters. At present, ten data items (a

subset of those on the FR 2900) are

collected on the report. The advance

report is used in the construction of

preliminary estimates of the monetary

aggregates for the week just ending.

Current actions: The Federal Reserve

proposes dropping three items from the

FR 2000 and reducing the authorized

panel size from 186 to 160 institutions.

The elimination of the three reporting

items and the reduction of the

authorized panel size would reduce

reporting burden by 15,662 hours.

Proposal To Approve Under OMB

Delegated Authority the Extension for

Three Years, Without Revision, of the

Following Reports

1. Report titles: Quarterly Report of

Interest Rates on Selected Direct

Consumer Installment Loans; Quarterly

Report of Credit Card Plans.

Agency form numbers: FR 2835; FR

2835a.

OMB control number: 7100–0085.

Frequency: Quarterly.

Reporters: Commercial banks.

Annual reporting hours: FR 2835: 90

hours; FR 2835a: 200 hours.

Estimated average hours per response:

FR 2835: 9 minutes; FR 2835a: 30

minutes.

Number of respondents: FR 2835: 150;

FR 2835a: 100. Small businesses are not

affected.

General description of report: These

information collections are voluntary

(12 U.S.C. 248(a)(2)). The FR 2835a

individual respondent data are given

confidential treatment (5 U.S.C. 552

(b)(4)), the FR 2835 data however, is not

given confidential treatment.

Abstract: The FR 2835 collects the

most common interest rate charged at a

sample of 150 commercial banks on two

types of consumer loans made in a given

week each quarter: new auto loans and

other loans for consumer goods and

personal expenditures. The data are

reported for the calendar week

beginning on the first Monday of each

survey month (February, May, August,

and November).

The FR 2835a collects information on

two measures of credit card interest

rates from a sample of 100 commercial

banks (authorized panel size), selected

to include banks with $1 billion or more

in credit card receivables, and a

representative group of smaller issuers.

The data are representative of interest

rates paid by consumers on bank credit

cards because the panel includes

virtually all large issuers and an

appropriate sample of other issuers.

2. Report title: Report of Changes in

Foreign Investments (Made Pursuant to

Regulation K).

Agency form number: FR 2064.

OMB control number: 7100–0109.

Frequency: Event generated.

Reporters: Member banks, Edge and

agreement corporations, and bank

holding companies.

Annual reporting hours: 750 hours.

Estimated average hours per response:

30 minutes.

Number of respondents: 50. Small

businesses are not affected.

General description of report: This

information collection is mandatory (12

U.S.C. 602, 625 and 1844) and is given

confidential treatment (5 U.S.C. 552(b)

(4)).

Abstract: Member banks, Edge and

agreement corporations, and bank

holding companies are required to file

the FR 2064 to record changes in their

international investments. The FR 2064

report is event generated and is filed no

later than the last day of the month

following the month in which the

change occurred. The Federal Reserve

uses the information to monitor

investments in the international

operations of U.S. banking organizations

and to fulfill its supervisory

responsibility under Regulation K.

3. Report title: Report of Transaction

Accounts, Other Deposits, and Vault

Cash; Report of Certain Eurocurrency

Transactions.

Agency form number: FR 2900; FR

2950/2951.

OMB control number: 7100–0087.

Frequency: Weekly, quarterly.

Reporters: Depository institutions.

Annual reporting hours: 984,138

hours.

Estimated average hours per response:

FR 2900: 3.50; FR 2950/2951: 1.00.

Number of respondents: FR 2900:

4,813 weekly, and 5,880 quarterly; FR

2950/2951: 497 weekly, and 2 quarterly.

Small businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 248(a), 461, 603, and 615, and

3105(b)(2)) and is given confidential

treatment (5 U.S.C. 552(b)(4)).

Abstract: The FR 2900 report collects

information on deposits and related

items from depository institutions that

have transaction accounts or

Federal Register / Vol. 65, No. 98 / Friday, May 19, 2000 / Notices 31915

nonpersonal time deposits and that are

not fully exempt from reserve

requirements (‘‘nonexempt

institutions’’). The FR 2950/2951

collects information on Eurocurrency

transactions from depository

institutions that obtain funds from

foreign (non-U.S.) sources or that

maintain foreign branches. The Federal

Reserve proposes to raise the deposit

cutoff used to determine weekly versus

quarterly FR 2900 reporting (the

‘‘nonexempt cutoff’’) above its indexed

level of $84.5 million to $95 million.

These mandatory reports are used by the

Federal Reserve for administering

Regulation D (Reserve Requirements of

Depository Institutions) and for

constructing, analyzing, and controlling

the monetary and reserve aggregates.

4. Report title: Annual Report of Total

Deposits and Reservable Liabilities.

Agency form number: FR 2910a.

OMB control number: 7100–0175.

Frequency: Annual.

Reporters: Depository institutions.

Annual reporting hours: 2,734 hours.

Estimated average hours per response:

30 minutes.

Number of respondents: 5,468. Small

businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 248(a) and 461) and is given

confidential treatment (5 U.S.C.

552(b)(4)).

Abstract: This report collects

information from depository institutions

(other than U.S. branches and agencies

of foreign banks and Edge and

agreement corporations) that are fully

exempt from reserve requirements

under the Garn-St Germaine Depository

Institutions Act of 1982. This mandatory

report is used by the Federal Reserve for

administering Regulation D (Reserve

Requirements of Depository Institutions)

and for constructing, analyzing, and

controlling the monetary and reserve

aggregates.

5. Report title: Allocation of Low

Reserve Tranche and Reservable

Liabilities Exemption.

Agency form number: FR 2930/2930a.

OMB control number: 7100–0088.

Frequency: Annually, and on

occasion.

Reporters: Depository institutions.

Annual reporting hours: 64 hours.

Estimated average hours per response:

15 minutes.

Number of respondents: 255. Small

businesses are affected.

General description of report: This

information collection is mandatory: FR

2930 (12 U.S.C. 248(a), 461, 603, and

615) and FR 2930a (12 U.S.C. 248(a) and

461). It is also given confidential

treatment (5 U.S.C. 552(b)(4)).

Abstract: The FR 2930 and the FR

2930a provide information on the

allocation of the low reserve tranche

and reservable liabilities exemption for

depository institutions having offices (or

groups of offices) that submit separate

FR 2900 deposits reports. The data

collected on these reports are needed for

the calculation of required reserves.

6. Report title: Report of Foreign (NonU.S.) Currency Deposits.

Agency form number: FR 2915.

OMB control number: 7100–0237.

Frequency: Quarterly.

Reporters: Depository institutions.

Annual reporting hours: 366 hours.

Estimated average hours per response:

30 minutes.

Number of respondents: 183. Small

businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 248(a)(2), and 3105(b)(2)) and is

given confidential treatment (5 U.S.C.

552(b)(4)).

Abstract: The FR 2915 collects weekly

averages of the amounts outstanding for

foreign (non-U.S.) currency deposits

held at U.S. offices of depository

institutions, converted to U.S. dollars

and included on the FR 2900 (OMB No.

7100–0087), the principal deposits

report that is used for the calculation of

required reserves and for the

construction of the monetary aggregates.

Foreign currency deposits are subject to

reserve requirements and, therefore, are

included in the FR 2900. However,

foreign currency deposits are not

included in the monetary aggregates.

The FR 2915 data are used to back

foreign currency deposits out of the FR

2900 data for construction and

interpretation of the monetary

aggregates. The FR 2915 data are also

used to monitor the volume of foreign

currency deposits.

Proposal To Approve Under OMB

Delegated Authority the

Discontinuation of the Following

Reports

1. Report title: Quarterly Gasoline

Company Report.

Agency form number: FR 2580.

OMB control number: 7100–0009.

Frequency: Quarterly.

Reporters: Gasoline companies.

Annual reporting hours: 4 hours.

Estimated average hours per response:

9 minutes.

Number of respondents: 7. Small

businesses are not affected.

Abstract: The FR 2580 collects

outstanding balances on retail credit

card accounts at gasoline companies.

The number of FR 2580 reporters has

declined over time as the industry

structure has changed. Initially, the data

were collected from the universe of

approximately thirty gasoline

companies; subsequently, some smaller

companies withdrew from the sample or

were merged into other companies. In

recent years some major companies

have entered into ‘‘co-branding’’

arrangements with banks and have

significantly reduced, or eliminated,

their own credit card portfolios. The

Federal Reserve recommends

discontinuing the FR 2580 primarily

because the number of respondents has

dwindled. The decrease in reporting is

due in part to the purchase of some of

the gasoline companies’ receivables by

depository institutions in recent years.

Because of the difficulty in maintaining

a meaningful sample and because of the

small fraction of consumer credit that

these receivables represent, the Federal

Reserve does not believe it is useful to

continue the report.

2. Report title: Quarterly Report of

Selected Deposits, Vault Cash, and

Reserve Liabilities.

Agency form number: FR 2910q.

OMB control number: 7100–0175.

Frequency: Quarterly.

Reporters: Depository institutions.

Annual reporting hours: 3,936 hours.

Estimated average hours per response:

2 hours.

Number of respondents: 492. Small

businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 248(a) and 461) and is given

confidential treatment (5 U.S.C.

552(b)(4)).

Abstract: This report collects

information from depository institutions

(other than U.S. branches and agencies

of foreign banks and Edge and

agreement corporations) that are fully

exempt from reserve requirements

under the Garn-St Germaine Depository

Institutions Act of 1982. This report is

used by the Federal Reserve for

administering Regulation D (Reserve

Requirements of Depository Institutions)

and for constructing, analyzing, and

controlling the monetary and reserve

aggregates. The Federal Reserve

proposes eliminating the exempt

deposit cutoff and discontinuing this

report associated with that cutoff. The

Federal Reserve believes that, for

exempt institutions, the quarterly

reports of condition are adequate for

quarterly benchmarking of the monetary

aggregates. The Federal Reserve also

believes that by shifting the current FR

2910q reporters to the annual, two-item

FR 2910a, the Board will be able to

adequately monitor compliance with

Regulation D. The shift in reporting

frequency of the almost 500 FR 2910q

31916 Federal Register / Vol. 65, No. 98 / Friday, May 19, 2000 / Notices

respondents to the FR 2910a would

reduce reporting burden by 3,690 hours.

Board of Governors of the Federal Reserve

System, May 15, 2000.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc. 00–12589 Filed 5–18–00; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and

Mergers of Bank Holding Companies

The companies listed in this notice

have applied to the Board for approval,

pursuant to the Bank Holding Company

Act of 1956 (12 U.S.C. 1841 et seq.)

(BHS Act), Regulation Y (12 CFR Part

225), and all other applicable statutes

and regulations to become a bank

holding company and/or to acquire the

assets or the ownership of, control of, or

the power to vote shares of a bank or

bank holding company and all of the

banks and nonbanking companies

owned by the bank holding company,

including the companies listed below.

The applications listed below, as well

as other related filings required by the

Board, are available for immediate

inspection at the Federal Reserve Bank

indicated. The application also will be

available for inspection at the offices of

the Board of Governors. Interested

persons may express their views in

writing on the standards enumerated in

the BHC Act (12 U.S.C. 1842(c)). If the

proposal also involves the acquisition of

a nonbanking company, the review also

includes whether the acquisition of the

nonbanking company complies with the

standards in section 4 of the BHC Act

(12 U.S.C. 1843). Unless otherwise

noted, nonbanking activities will be

conducted throughout the United States.

Additional information on all bank

holding companies may be obtained

from the National Information Center

website at www.ffiec.gov/nic/.

Unless otherwise noted, comments

regarding each of these applications

must be received at the Reserve Bank

indicated or the offices of the Board of

Governors not later than June 12, 2000.

A. Federal Reserve Bank of Chicago

(Phillip Jackson, Applications Officer)

230 South LaSalle Street, Chicago,

Illinois 60690–1414:

1. Antioch Holding Company,

Antioch, Illinois; to acquire 24.99

percent of the voting shares of Lakes

Region Bancorp, Inc, Third Lake,

Illinois, and thereby indirectly acquire

Anchor Bank, Third Lake, Illinois.

B. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri

63166–2034;

1. Valley Capital Corporation,

Greenwood, Mississippi; to merge with

State Capital Corporation, Brookhaven,

Mississippi, and thereby indirectly

acquire State Bank and Trust Company,

Brookhaven, Mississippi.

Board of Governors of the Federal Reserve

System, May 15, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–12588 Filed 5–18–00; 8:45 am]

BILLING CODE 6210–01–P

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM

Sunshine Act Meeting; Notice

AGENCY HOLDING THE MEETING: Board of

Governors of the Federal Reserve

System.

TIME AND DATE: 10 a.m., Wednesday,

May 24, 2000.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, 20th and C

Streets, NW., Washington, DC 20551.

STATUS: Closed.

MATTERS TO BE CONSIDERED: 

1. Personnel actions (appointments,

promotions, assignments,

reassignments, and salary actions)

involving individual Federal Reserve

System employees.

2. Any matters carried forward from a

previously announced meeting.

CONTACT PERSON FOR MORE INFORMATION:

Lynn S. Fox, Assistant to the Board;

202–452–3204.

SUPPLEMENTARY INFORMATION: You may

call 202–452–3206 beginning at

approximately 5 p.m. two business days

before the meeting for a recorded

announcement of bank and bank

holding company applications

scheduled for the meeting; or you may

contact the Board’s Web site at http://

www.federalreserve.gov for an

electronic announcement that not only

lists applications, but also indicates

procedural and other information about

the meeting.

Dated: May 17, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–12744 Filed 5–17–00; 10:54 am]

BILLING CODE 6210–01–P

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Food and Drug Administration

[Docket No. 00D–1278]

Draft Guidance for Industry on Female

Sexual Dysfunction: Clinical

Development of Drug Products for

Treatment; Availability

AGENCY: Food and Drug Administration,

HHS.

ACTION: Notice.

SUMMARY: The Food and Drug

Administration (FDA) is announcing the

availability of a draft guidance for

industry entitled ‘‘Female Sexual

Dysfunction: Clinical Development of

Drug Products for Treatment.’’ The draft

guidance is intended to provide

recommendations to industry on the

development of drug products for the

treatment of female sexual dysfunction

(FSD).

DATES: Submit written comments on the

draft guidance by July 18, 2000. General

comments on agency guidance

documents are welcome at any time.

ADDRESSES: Copies of this draft

guidance for industry can be obtained

on the Internet at http://www.fda.gov/

cder/guidance/index.htm. Submit

written requests for single copies of the

draft guidance to the Drug Information

Branch (HFD–210), Center for Drug

Evaluation and Research, Food and

Drug Administration, 5600 Fishers

Lane, Rockville, MD 20857. Send one

self-addressed adhesive label to assist

that office in processing your requests.

Submit written comments on the draft

guidance to the Dockets Management

Branch (HFA–305), Food and Drug

Administration, 5630 Fishers Lane, rm.

1061, Rockville, MD 20852.

FOR FURTHER INFORMATION CONTACT:

Lana L. Pauls, Center for Drug

Evaluation and Research (HFD–580),

Food and Drug Administration, 5600

Fishers Lane, Rockville, MD 20857,

301–827–4260.

SUPPLEMENTARY INFORMATION: FDA is

announcing the availability of a draft

guidance for industry entitled ‘‘Female

Sexual Dysfunction: Clinical

Development of Drug Products for

Treatment.’’ The draft guidance

provides recommendations for sponsors

designing clinical trials in support of

new drug applications for the treatment

of FSD. It includes recommendations on

the appropriate definition of the patient

population to be studied, inclusion and

exclusion criteria, the use of scales and

questionnaires to assess FSD, and