36906 Federal Register / Vol. 65, No. 113 / Monday, June 12, 2000 / Notices

to support the collection process and to

ensure timely recognition of losses. To

be effective, management information

systems should track the subsequent

principal reductions and charge-off

history of loans that have been granted

an extension, deferral, renewal, or

rewrite.

Examination Considerations

Examiners should ensure that

institutions adhere to this policy.

Nevertheless, there may be instances

that warrant exceptions to the general

classification policy. Loans need not be

classified if the institution can

document clearly that repayment will

occur irrespective of delinquency status.

Examples might include loans well

secured by marketable collateral and in

the process of collection, loans for

which claims are filed against solvent

estates, and loans supported by valid

insurance claims.

The Uniform Classification and

Account Management policy does not

preclude examiners from classifying

individual retail credit loans that

exhibit signs of credit weakness

regardless of delinquency status.

Similarly, an examiner may also classify

retail portfolios, or segments thereof,

where underwriting standards are weak

and present unreasonable credit risk,

and may criticize account management

practices that are deficient.

In addition to reviewing loan

classifications, the examiner should

ensure that the institution’s allowance

for loan and lease losses provides

adequate coverage for probable losses

inherent in the portfolio. Sound risk and

account management systems, including

a prudent retail credit lending policy,

measures to ensure and monitor

adherence to stated policy, and detailed

operating procedures, should also be

implemented. Internal controls should

be in place to ensure that the policy is

followed. Institutions that lack sound

policies or fail to implement or

effectively adhere to established policies

will be subject to criticism.

Implementation

This policy should be fully

implemented for reporting in the

December 31, 2000 Call Report or Thrift

Financial Report, as appropriate.

Dated: June 6, 2000.

Keith J. Todd,

Executive Secretary, Federal Financial

Institutions Examination Council.

[FR Doc. 00–14704 Filed 6–9–00; 8:45 am]

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01–P (25%) 4810–33–P (25%)

FEDERAL RESERVE SYSTEM

Change in Bank Control Notices;

Acquisitions of Shares of Banks or

Bank Holding Companies

The notificants listed below have

applied under the Change in Bank

Control Act (12 U.S.C. 1817(j)) and

§ 225.41 of the Board’s Regulation Y (12

CFR 225.41) to acquire a bank or bank

holding company. The factors that are

considered in acting on the notices are

set forth in paragraph 7 of the Act (12

U.S.C. 1817(j)(7)).

The notices are available for

immediate inspection at the Federal

Reserve Bank indicated. The notices

also will be available for inspection at

the offices of the Board of Governors.

Interested persons may express their

views in writing to the Reserve Bank

indicated for that notice or to the offices

of the Board of Governors. Comments

must be received not later than June 26,

2000.

A. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198–0001:

1. Robert M. Alexander, Calhan,

Colorado; Sean A. Gooding, Cherry Hills

Village, Colorado; Alexander R.

Gooding, Cherry Hills Village, Colorado;

Leslie A. Melzer, Denver, Colorado;

Robert J. Breidenthal, Bonner Springs,

Kansas; Arcadia Partners, Ltd.(Dan &

Patricia League), Colorado Springs,

Colorado; Michael S. League, Colorado

Springs, Colorado; and Joe F. Jenkins,

Tonganoxie, Kansas; to acquire voting

shares of Financial Services of the

Rockies, Inc., Colorado Springs,

Colorado, and thereby indirectly acquire

voting shares of First National Bank of

Colorado Springs, Colorado.

Board of Governors of the Federal Reserve

System, June 6, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–14733 Filed 6–9–00; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL RETIREMENT THRIFT

INVESTMENT BOARD

Employee Thrift Advisory Council;

Open Meeting

In accordance with section 10(a)(2) of

the Federal Advisory Committee Act

(Pub. L. 92–463), a notice is hereby

given of the following committee

meeting:

NAME: Employee Thrift Advisory

Council.

TIME: 10 a.m.

DATE: June 27, 2000.

PLACE: 4th Floor, Conference Room,

Federal Retirement Thrift Investment

Board, 1250 H Street, NW., Washington,

DC

STATUS: Open.

MATTERS TO BE CONSIDERED: 

1. Approve minutes of the May 19,

1999, meeting.

2. Report of the Executive Director on

Thrift Savings Plan status.

3. November 15, 1999–January 31,

2000, Thrift Savings Plan Open Season.

4. Legislation.

5. New TSP record keeping system/

investment funds.

6. New Business.

Any interested person may attend,

appear before, or file statements with

the Council. For further information

contact Elizabeth S. Woodruff,

Committee Management Officer, on

(202) 942–1660.

Dated: June 6, 2000.

Elizabeth S. Woodruff,

General Counsel, Federal Retirement Thrift

Investment Board.

[FR Doc. 00–14739 Filed 6–9–00; 8:45 am]

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