Federal Register / Vol. 65, No. 127 / Friday, June 30, 2000 / Notices 40667

to the 20 percent risk weight category.

In general, these are privately-issued

mortgage-backed securities that are

rated in one of the two highest rating

categories, e.g., AA or better, by at least

one nationally recognized statistical

rating organization.

The four agencies’ previously

mentioned March 8, 2000, proposed

risk-based capital amendments include

a multi-level approach for determining

the capital requirements for positions in

securitizations, including privatelyissued mortgage-backed securities,

according to their relative risk exposure.

Under this approach, mortgage-backed

securities in the two highest rating

categories would be assigned to the 20

percent risk category. If the agencies

were to adopt this approach in any final

rule resulting from the proposal, this

interagency difference would be

eliminated.

B.9. Nonresidential Construction and

Land Loans

The banking agencies assign loans for

nonresidential real estate development

and construction purposes to the 100

percent risk weight category. The OTS

generally assigns these loans to the same

100 percent risk category. However, if

the amount of the loan exceeds 80

percent of the fair value of the property,

the OTS deducts the excess portion

from assets and total capital.

B.10. ‘‘Covered Assets’’

The banking agencies generally place

assets subject to guarantee arrangements

by the FDIC or the former Federal

Savings and Loan Insurance Corporation

in the 20 percent risk weight category.

The OTS places these ‘‘covered assets’’

in the zero percent risk-weight category.

B.11. Pledged Deposits and

Nonwithdrawable Accounts

The OTS’ capital standards permit

savings associations to include pledged

deposits and nonwithdrawable accounts

that meet OTS’ criteria, Income Capital

Certificates, and Mutual Capital

Certificates in regulatory capital.

Instruments such as pledged deposits,

nonwithdrawable accounts, Income

Capital Certificates, and Mutual Capital

Certificates do not exist in the banking

industry and are not addressed in the

banking agencies’ capital standards.

C. Differences in Accounting Standards

Among the Federal Banking and Thrift

Agencies

C.1. Push Down Accounting

Push down accounting is the

establishment of a new accounting basis

for a depository institution in its

separate financial statements as a result

of a substantive change in control.

Under push down accounting, when a

depository institution is acquired in a

purchase (but not in a pooling of

interests), yet retains its separate

corporate existence, the assets and

liabilities of the acquired institution are

restated to their fair values as of the

acquisition date. These values,

including any goodwill, are reflected in

the separate financial statements of the

acquired institution as well as in any

consolidated financial statements of the

institution’s parent.

The banking agencies require push

down accounting when there is at least

a 95 percent change in ownership. This

approach is generally consistent with

accounting interpretations issued by the

staff of the Securities and Exchange

Commission.

The OTS requires push down

accounting when there is at least a 90

percent change in ownership.

C.2. Negative Goodwill

Under Accounting Principles Board

Opinion No. 16, ‘‘Business

Combinations,’’ negative goodwill arises

when the fair value of the net assets

acquired in a purchase business

combination exceeds the cost of the

acquisition and a portion of this excess

remains after the values otherwise

assignable to the acquired noncurrent

assets have been reduced to zero.

The banking agencies require negative

goodwill to be reported as a liability on

the balance sheet and do not permit it

to be netted against any goodwill that is

included as an asset. This ensures that

all goodwill assets are deducted in

regulatory capital calculations

consistent with the Basel Accord.

The OTS permits negative goodwill to

offset goodwill assets on the balance

sheet.

Dated at Washington, D.C., this 26th day of

June, 2000.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 00–16575 Filed 6–29–00; 8:45 am]

BILLING CODE 6714–01–P

FEDERAL RESERVE

Sunshine Act meeting; Notice

AGENCY HOLDING THE MEETING: Board of

Governors of the Federal Reserve

System.

TIME AND DATE: 10:00 a.m., Wednesday,

July 5, 2000.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, 20th and C

Streets, N.W., Washington, D.C. 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: June 28, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–16714 Filed 6–28–00; 10:44 am]

BILLING CODE 6210–01–P

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Communicable Diseases Advisory

Council; Establishment

AGENCY: Department of Health and

Human Services.

ACTION: Notice of establishment of

advisory council.

SUMMARY: The Secretary of Health and

Human Services has established the

Communicable Diseases Advisory

Council (CDAC) to provide advice on

communicable diseases, regulations,

and related matters, formerly provided

by the National Advisory Health

Council (NAHC) for control of

communicable diseases pursuant to

section 361 of the Public Health Service

(PHS) Act. The members of the CDAC

are the Assistant Secretary for Health,

the Surgeon General of the Public

Health Service, the Director of the

National Institutes of Health, the

Director of the Centers for Disease

Control and Prevention, the

Commissioner of Food and Drugs, the

Director of the National Institute of

Allergy and Infectious Diseases, and the

Director of the National Center for

Infectious Diseases. The CDAC is

chaired by the Assistant Secretary for

Health. Section 361 of the PHS Act (42

U.S.C. 264) requires certain advisory

40668 Federal Register / Vol. 65, No. 127 / Friday, June 30, 2000 / Notices

functions related to control of

communicable diseases to be performed

by the NAHC. The NAHC was

terminated by section 3(a)(1) of Pub. L.

99–158 (99 Stat. 878). Section 222 of the

PHS Act (42 U.S.C. 217a) authorizes the

appointment of such advisory councils

as the Secretary deems appropriate, and

Reorganization Plan No. 3 of 1966

transferred all functions of the Surgeon

General of the Public Health Service to

the Secretary.

FOR FURTHER INFORMATION CONTACT:

Direct questions concerning this

Advisory Council to LaVerne Burton,

Executive Secretary. Ms. Burton can be

reached by mail at 200 Independence

Ave., SW, Washington, DC 20201, or by

phone at 202–690–5627.

Dated: June 27, 2000.

Donna E. Shalala,

Secretary.

The Secretary of Health and Human

Services

Washington, DC 20201

Communicable Diseases Advisory

Council

A Communicable Diseases Advisory

Council (the Council) is hereby

established to provide advice on

communicable diseases, regulations,

and related matters, formerly provided

by the National Advisory Health

Council for control of communicable

diseases pursuant to Section 361 of the

Public Health Service Act (PHS Act).

The members of the Council are the

Assistant Secretary for Health, the

Surgeon General of the Public Health

Service, the Director of the National

Institutes of Health, the Director of the

Centers for Disease Control and

Prevention, the Commissioner of Food

and Drugs, the Director of the National

Institute of Allergy and Infectious

Diseases and the Director of the

National Center for Infectious Diseases.

The Council shall be chaired by the

Assistant Secretary for Health, who

shall convene the Council as necessary

and who shall be responsible for

rendering any advice or reports required

of the Council.

Authority: Section 361 of the PHS Act [42

U.S.C. 264] requires certain advisory

functions related to control of communicable

diseases to be performed by the National

Advisory Health Council (NAHC). The NAHC

was terminated by Section 3(a)(1) of PL 99–

158 (99 Stat. 878). Section 222 of the PHS Act

(42 U.S.C. 217a) authorizes the appointment

of such advisory councils as the Secretary

deems appropriate, and Reorganization Plan

No. 3 of 1966 transferred all functions of the

Surgeon General of the Public Health Service

to the Secretary.

Donna E. Shalala,

Secretary.

[FR Doc. 00–16654 Filed 6–29–00; 8:45 am]

BILLING CODE 4510–26–M

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Centers for Disease Control and

Prevention

Draft Public Health Action Plan To

Combat Antimicrobial Resistance;

Correction

In the notice document appearing on

page 38832 in the Federal Register issue

of Thursday, June 22, 2000, make the

following corrections:

On page 38833 under both headings

FOR FURTHER INFORMATION CONTACT and

ADDRESSES the fax number should read:

404/371–5489; the URL is: http://

www.cdc.gov/drugresistance/

actionplan/.

Dated: June 26, 2000.

Thena M. Durham,

Director, Executive Secretariat, Centers for

Disease Control and Prevention.

[FR Doc. 00–16548 Filed 6–29–00; 8:45 am]

BILLING CODE 4163–18–P

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Health Care Financing Administration

[Document Identifier: HCFA–1763]

Agency Information Collection

Activities: Proposed Collection;

Comment Request

AGENCY: Health Care Financing

Administration, HHS. In compliance

with the requirement of section

3506(c)(2)(A) of the Paperwork

Reduction Act of 1995, the Health Care

Financing Administration (HCFA),

Department of Health and Human

Services, is publishing the following

summary of proposed collections for

public comment. Interested persons are

invited to send comments regarding this

burden estimate or any other aspect of

this collection of information, including

any of the following subjects: (1) The

necessity and utility of the proposed

information collection for the proper

performance of the agency’s functions;

(2) the accuracy of the estimated

burden; (3) ways to enhance the quality,

utility, and clarity of the information to

be collected; and (4) the use of

automated collection techniques or

other forms of information technology to

minimize the information collection

burden.

Type of Information Collection

Request: Extension of a currently

approved collection;

Title of Information Collection:

Request for Termination of Premium

Hospital and/or Supplementary Medical

Insurance and Supporting Regulations

in 42 CFR 406.28 and 407.27;

Form No.: HCFA–1763 (OMB No.

0938–0025);

Use: The HCFA–1763 is used by

beneficiaries to request voluntary

termination from premium hospital

and/or supplementary medical

insurance.

Frequency: One time only;

Affected Public: Individuals or

Households, Federal Government, and

State, Local or Tribal Government;

Number of Respondents: 14,000;

Total Annual Responses: 14,000;

Total Annual Hours: 5,833.

To obtain copies of the supporting

statement and any related forms for the

proposed paperwork collections

referenced above, access HCFA’s Web

Site address at http://www.hcfa.gov/

regs/prdact95.htm, or E-mail your

request, including your address, phone

number, OMB number, and HCFA

document identifier, to

Paperwork@hcfa.gov, or call the Reports

Clearance Office on (410) 786–1326.

Written comments and

recommendations for the proposed

information collections must be mailed

within 60 days of this notice directly to

the HCFA Paperwork Clearance Officer

designated at the following address:

HCFA, Office of Information Services,

Security and Standards Group, Division

of HCFA Enterprise Standards,

Attention: Dawn Willinghan, Room N2–

14–26, 7500 Security Boulevard,

Baltimore, Maryland 21244–1850.

Dated: June 22, 2000.

John P. Burke III,

HCFA Reports Clearance Officer, HCFA Office

of Information Services, Security and

Standards Group, Division of HCFA

Enterprise Standards.

[FR Doc. 00–16595 Filed 6–29–00; 8:45 am]

BILLING CODE 4120–03–P

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Health Care Financing Administration

[Document Identifier: HCFA–R–295]

Agency Information Collection

Activities: Submission for OMB

Review; Comment Request

In compliance with the requirement

of section 3506(c)(2)(A) of the