Federal Register / Vol. 65, No. 112 / Friday, June 9, 2000 / Notices 36697

include the methods and techniques

used to analyze a property as well as the

requirements for reporting such analysis

and a value conclusion in the appraisal.

There is no formal reporting form and

the information is not submitted to the

Federal Reserve.

Board of Governors of the Federal Reserve

System, June 5, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–14577 Filed 6–8–00; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

Agency Information Collection

Activities: Announcement of Board

Approval Under Delegated Authority

and Submission to OMB

SUMMARY:

Background

Notice is hereby given of the final

approval of proposed information

collection(s) by the Board of Governors

of the Federal Reserve System (Board)

under OMB delegated authority, as per

5 CFR 1320.16 (OMB Regulations on

Controlling Paperwork Burdens on the

Public). 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 instrument(s) 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.

FOR FURTHER INFORMATION CONTACT:

Federal Reserve Board Clearance

Officer—Mary M. West—Division of

Research and Statistics, Board of

Governors of the Federal Reserve

System, Washington, DC 20551 (202–

452–3829) OMB Desk Officer—

Alexander T. Hunt—Office of

Information and Regulatory Affairs,

Office of Management and Budget, New

Executive Office Building, Room 3208,

Washington, DC 20503 (202–395–7860).

Final Approval Under OMB Delegated

Authority of the Extension for Three

Years, Without Revision, of the

Following Reports

1. Report title: Senior Loan Officer

Opinion Survey on Bank Lending

Practices.

Agency form numbers: FR 2018.

OMB control number: 7100–0058.

Frequency: Up to six times per year.

Reporters: Large U.S. commercial

banks and large U.S. branches and

agencies of foreign banks.

Annual reporting hours: 1,008 hours.

Estimated average hours per response:

2 hours.

Number of respondents: 84.

Small businesses are not affected.

General description of report: This

information collection is voluntary (12

U.S.C. §§ 248 (a), 324, 335, 3101, 3102,

and 3105) and is given confidential

treatment (5 U.S.C. § 552 (b)(4)).

Abstract: The FR 2018 is conducted

with a senior loan officer at each

respondent bank, generally by means of

a telephone interview, up to six times a

year. The interview is administered by

a Reserve Bank officer having in-depth

knowledge of bank lending practices.

The reporting panel consists of sixty

large domestically chartered commercial

banks, distributed as evenly as possible

across Federal Reserve Districts, and

twenty-four large U.S. branches and

agencies of foreign banks. The purpose

of the survey is to provide primarily

qualitative information pertaining not

only to current price and flow

developments but also to evolving

techniques and practices in the U.S.

banking sector. A significant fraction of

the questions in each survey consists of

unique questions on topics of timely

interest. There is the option to survey

other types of respondents (such as

other depository institutions, bank

holding companies, or corporations)

should the need arise. The FR 2018

survey provides crucial information for

monitoring and understanding the

evolution of lending practices at banks

and developments in credit markets

generally.

2. Report title: Senior Financial

Officer Survey.

Agency form number: FR 2023.

OMB control number: 7100–0223.

Frequency: Up to four times per year.

Reporters: Commercial banks, other

depository institutions, corporations or

large money-stock holders.

Annual reporting hours: 240 hours.

Estimated average hours per response:

1 hour.

Number of respondents: 60.

Small businesses are not affected.

General description of report: This

information collection is voluntary (12

U.S.C. §§ 225a, 248(a), and 263);

confidentiality will be determined on a

case-by-case basis.

Abstract: The FR 2023 requests

qualitative and limited quantitative

information about liability management

and the provision of financial services

from a selection of sixty large

commercial banks or, if appropriate,

from other depository institutions or

corporations. Responses are obtained

from a senior officer at each

participating institution through a

telephone interview conducted by

Reserve Bank or Board staff. The survey

is conducted when major informational

needs arise and cannot be met from

existing data sources. The survey does

not have a fixed set of questions; each

survey consists of a limited number of

questions directed at topics of timely

interest.

3. Report title: Consolidated Report of

Condition and Income for Edge and

Agreement Corporations.

Agency form number: FR 2886b.

OMB control number: 7100–0086.

Frequency: Quarterly.

Reporters: Edge and agreement

corporations.

Annual reporting hours: 3,566 hours.

Estimated average hours per response:

14.7 hours, banking corporations; 8.5

hours, investment corporations.

Number of respondents: 30 banking

corporations; 53 investment

corporations.

Small businesses are not affected.

General description of report: This

information collection is mandatory (12

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

confidential treatment (5 U.S.C.

552(b)(4)).

Abstract: This report collects a

balance sheet, income statement, and

ten supporting schedules from banking

Edge corporations and investment

(nonbanking) Edge corporations.

Information collected on the FR 2886b

is used by the Federal Reserve to

supervise Edge corporations, identify

present and potential problems, and

monitor and develop a better

understanding of activities within the

industry.

The Federal Reserve has made several

clarifying updates to the reporting

instructions to reflect the

implementation of FASB Statement No.

133, ‘‘Accounting for Derivative

Instruments and Hedging Activities,’’ to

address the reporting of inactive

corporations, and has clarified the

reporting of certain International

Banking Facility transactions.

Proposal To Approve Under OMB

Delegated Authority the Extension for

Three Years, With Revision, of the

Following Report

1. Report title: Report of Repurchase

Agreements (RPs) on U.S. Government

and Federal Agency Securities with

Specified Holders.

Agency form number: FR 2415.

OMB control number: 7100–0074.

Frequency: weekly, quarterly, or

annually.

36698 Federal Register / Vol. 65, No. 112 / Friday, June 9, 2000 / Notices

Reporters: U.S.-chartered commercial

banks, U.S. branches and agencies of

foreign banks, and thrift institutions.

Annual reporting hours: 2,754 hours.

Estimated average hours per response:

30 minutes.

Number of respondents: 84 weekly,

153 quarterly, and 528 annually.

Small businesses are not affected.

General description of report: This

information collection is voluntary (12

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

given confidential treatment (5 U.S.C.

552(b)(4)).

Abstract: This report collects one data

item—repurchase agreements (RPs) in

denominations of $100,000 or more, in

immediately-available funds, on U.S.

government and federal agency

securities, transacted with specified

holders. It is filed by three reporting

panels of depository institutions with

different reporting frequencies (weekly,

quarterly, and annual). The weekly

panel reports daily data once each week.

The quarterly panel files daily data for

four one-week reporting periods that

contain quarter-end dates. The annual

panel reports daily data only for the

week encompassing June 30 each year.

Data from the FR 2415 supply

information necessary for construction

of the M3 monetary aggregate.

Current Actions: The Federal Reserve

has made two changes to this report: (1)

Raised the thresholds for re-screening

existing respondents on two of the three

reporting panels (weekly and quarterly)

and (2) adjusted the cutoff for screening

thrift institutions that do not file the FR

2415 to accommodate a definition

change on the report of condition for

thrift institutions. The Federal Reserve

estimates the revision will decrease the

annual reporting burden by 314 hours

and annual respondent costs by

approximately $6,280.

Board of Governors of the Federal Reserve

System, June 5, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–14546 Filed 6–8–00; 8:45 am]

BILLING CODE 6210–01–P

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 23,

2000.

A. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President), 925 Grand Avenue, Kansas

City, Missouri 64198–0001:

1. William P. Johnson, Boulder,

Colorado; to acquire voting shares of

FirstBank Holding Company of

Colorado, Lakewood, Colorado, and

thereby indirectly acquire voting shares

of FirstBank, Littleton, Colorado;

FirstBank of Adams County, Thornton,

Colorado; FirstBank of El Paso County,

Colorado Springs, Colorado; FirstBank

of Arvada, Arvada, Colorado; FirstBank

of Aurora, Aurora, Colorado; FirstBank

of Avon, Avon, Colorado; FirstBank of

Boulder, Boulder, Colorado; FirstBank

of Breckenridge, Breckenridge,

Colorado; FirstBank of Douglas County,

Castle Rock, Colorado; FirstBank of

Colorado Springs, Colorado Springs,

Colorado; FirstBank of Cherry Creek,

Denver, Colorado; FirstBank of Denver,

Denver, Colorado; FirstBank of

Longmont, Longmont, Colorado;

FirstBank of Evergreen, Evergreen,

Colorado; FirstBank of Northern

Colorado, Fort Collins, Colorado;

FirstBank of Greeley, Greeley, Colorado;

FirstBank of Tech Center, Englewood,

Colorado; FirstBank of Colorado,

Lakewood, Colorado; FirstBank of South

Jeffco, Littleton, Colorado; FirstBank of

Lakewood, Lakewood, Colorado;

FirstBank of Littleton, Littleton,

Colorado; FirstBank of Arapahoe

County, Littleton, Colorado; FirstBank

of Parker, Parker, Colorado; FirstBank of

Silverthorne, Silverthorne, Colorado;

FirstBank of Vail, Vail, Colorado;

FirstBank of North, Westminster,

Colorado; and FirstBank of Wheat

Ridge, Wheat Ridge, Colorado.

Board of Governors of the Federal Reserve

System, June 5, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–14545 Filed 6–8–00; 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.)

(BHC 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 July 3, 2000.

A. Federal Reserve Bank of

Minneapolis (JoAnne F. Lewellen,

Assistant Vice President), 90 Hennepin

Avenue, Minneapolis, Minnesota

55480–0291:

1. First Interstate BancSystem, Inc.,

Billings, Montana; to acquire 100

percent of the voting shares of Equality

Bankshares, Inc., Cheyenne, Wyoming,

and thereby indirectly acquire Equality

State Bank, Cheyenne, Wyoming.

Board of Governors of the Federal Reserve

System, July 5, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–14544 Filed 6–8–00; 8:45 am]

BILLING CODE 6210–01–P