40778 Federal Register / Vol. 62, No. 146 / Wednesday, July 30, 1997 / Proposed Rules

3. Section 53–9–32, Application

Summary. This new section requires the

State Geologist (head of the Office of

Geology and Energy Resources) to

prepare a plain language summary of

the proposed surface coal mining and

reclamation operation based on a

complete application. The summary

shall be made available to the public.

III. Public Comment Procedures

In accordance with the provisions of

30 CFR 732.17(h), OSM is seeking

comments on whether the proposed

amendment satisfies the applicable

program approval criteria of 30 CFR

732.15. If the amendment is deemed

adequate, it will become part of the

Mississippi program.

Written Comments

Written comments should be specific,

pertain only to the issues proposed in

this rulemaking, and include

explanations in support of the

commenter’s recommendations.

Comments received after the time

indicated under ‘‘DATES’’ or at

locations other than the Birmingham

Field Office will not necessarily be

considered in the final rulemaking or

included in the Administrative Record.

Public Hearing

Persons wishing to speak at the public

hearing should contact the person listed

under FOR FURTHER INFORMATION

CONTACT by 4:00 p.m., c.d.t. on August

14, 1997. The location and time of the

hearing will be arranged with those

persons requesting the hearing. Any

disabled individual who has need for a

special accommodation to attend a

public hearing should contact the

individual listed under FOR FURTHER

INFORMATION CONTACT. If no one requests

an opportunity to speak at the public

hearing, the hearing will not be held.

Filing of a written statement at the

time of the hearing is requested as it

will greatly assist the transcriber.

Submission of written statements in

advance of the hearing will allow OSM

officials to prepare adequate responses

and appropriate questions.

The public hearing will continue on

the specified date until all persons

scheduled to speak have been heard.

Persons in the audience who have not

been scheduled to speak, and who wish

to do so, will be heard following those

who have been scheduled. The hearing

will end after all persons scheduled to

speak and persons present in the

audience who wish to speak have been

heard.

Public Meeting

If only one person requests an

opportunity to speak at a hearing, a

public meeting, rather than a public

hearing, may be held. Persons wishing

to meet with OSM representatives to

discuss the proposed amendment may

request a meeting by contacting the

person listed under FOR FURTHER

INFORMATION CONTACT. All such meetings

will be open to the public and, if

possible, notices of meetings will be

posted at the locations listed under

ADDRESSES. A written summary of each

meeting will be made a part of the

Administrative Record.

IV. Procedural Determinations

Executive Order 12866

This rule is exempted from review by

the Office of Management and Budget

(OMB) under Executive Order 12866

(Regulatory Planning and Review).

Executive Order 12988

The Department of the Interior has

conducted the reviews required by

section 3 of Executive Order 12988

(Civil Justice Reform) and has

determined that, to the extent allowed

by law, this rule meets the applicable

standards of subsections (a) and (b) of

that section. However, these standards

are not applicable to the actual language

of State regulartory programs and

program amendments since each such

program is drafted and promulgated by

a specific State, not by OSM. Under

sections 503 and 505 of SMCRA (30

U.S.C. 1253 and 1255) and 30 CFR

730.11, 732.15, and 732.17(h)(10),

decisions on proposed State regulatory

programs and program amendments

submitted by the States must be based

solely on a determination of whether the

submittal is consistent with SMCRA and

its implementing Federal regulations

and whether the other requirements of

30 CFR Parts 730, 731, and 732 have

been met.

National Environmental Policy Act

No environmental impact statement is

required for this rule since section

702(d) of SMCRA (30 U.S.C. 1292(d))

provides that agency decisions on

proposed State regulatory program

provisions do not constitute major

Federal actions within the meaning of

section 102(2)(C) of the National

Environmental Policy Act (42 U.S.C.

4332(2)(C)).

Paperwork Reduction Act

This rule does not contain

information collection requirements that

require approval by OMB under the

Paperwork Reduction Act (44 U.S.C.

3507 et seq.).

Regulatory Flexibility Act

The Department of the Interior has

determined that this rule will not have

a significant economic impact on a

substantial number of small entities

under the Regulatory Flexibility Act (5

U.S.C. 601 et seq.). The State submittal

which is the subject of this rule is based

upon counterpart Federal regulations for

which an economic analysis was

prepared and certification made that

such regulations would not have a

significant economic effect upon a

substantial number of small entities.

Accordingly, this rule will ensure that

existing requirements previously

promulgated by OSM will be

implemented by the State. In making the

determination as to whether this rule

would have a significant economic

impact, the Department relied upon the

data and assumptions for the

counterpart Federal regulations.

Unfunded Mandates

This rule will not impose a cost of

$100 million or more in any given year

on any governmental entity or the

private sector.

List of Subjects in 30 CFR Part 924

Intergovernmental relations, Surface

mining, Underground mining.

Dated: July 21, 1997.

Brent Wahlquist,

Regional Director, Mid-Continent Regional

Coordinating Center.

[FR Doc. 97–19962 Filed 7–29–97; 8:45 am]

BILLING CODE 4310–05–M

DEPARTMENT OF THE TREASURY

31 CFR Part 103

RIN 1506–AA09, 1506–AA20

Financial Crimes Enforcement

Network; Bank Secrecy Act

Regulations; Money Services

Businesses—Stored Value Products

and Issuers, Sellers, and Redeemers of

Money Orders or Traveler’s Checks;

Open Working Meetings

AGENCY: Financial Crimes Enforcement

Network, Treasury.

ACTION: Meetings on proposed

regulations.

SUMMARY: The Financial Crimes

Enforcement Network (‘‘FinCEN’’) will

hold two working meetings to give

interested persons the opportunity to

discuss with FinCEN officials issues

arising under the proposed Bank
Federal Register / Vol. 62, No. 146 / Wednesday, July 30, 1997 / Proposed Rules 40779

Secrecy Act regulations for money

services businesses published on May

21, 1997. These meetings, which along

with two earlier meetings, were first

announced in the Federal Register on

July 8, 1997, will specifically deal with

stored value products and with issuers,

sellers, and redeemers of money orders

or traveler’s checks, respectively. The

date of the last of these meetings has

been changed, from August 11, 1997 to

August 15, 1997.

DATES: 1. Stored value products—

August 1, 1997, 9:30 a.m. to 3:00 p.m.,

San Jose, California.

2. Issuers, sellers, and redeemers of

money orders or traveler’s checks—

August 15, 1997, 9:30 a.m. to 3:00 p.m.,

Chicago, Illinois.

ADDRESSES: 1. Stored value products—

The Fairmont Hotel, Regency Ballroom

I, 170 South Market Street, San Jose,

California 95113.

2. Issuers, sellers, and redeemers of

money orders or traveler’s checks—

Chicago Marriott Downtown Hotel,

(room to be determined), 540 North

Michigan Avenue, Chicago, Illinois

60611.

FOR FURTHER INFORMATION CONTACT:

Legal or Technical: Eileen Dolan,

Legal Assistant, Office of Legal Counsel,

FinCEN, at (703) 905–3590 or Charles

Klingman, Financial Institutions Policy

Specialist, FinCEN, at (703) 905–3602.

Attendance: Camille Steele, at (703)

905–3819, or Karen Robb, at (703) 905–

3770.

General: FinCEN’s Information

telephone line, at (703) 905–3848, or

www.ustreas.gov/treasury/bureaus/

fincen (‘‘What’s New’’ section).

SUPPLEMENTARY INFORMATION: On May

21, 1997, FinCEN issued three proposed

regulations relating to the treatment of

money services businesses under the

Bank Secrecy Act. The first proposed

regulation (62 FR 27890) would define

money services businesses and require

the businesses to register with the

Department of the Treasury and to

maintain a current list of their agents.

The second proposed regulation (62 FR

27900) would require money

transmitters, and issuers, sellers, and

redeemers, of money orders and

traveler’s checks, to report suspicious

transactions involving at least $500 in

funds or other assets. The third

proposed regulation (62 FR 27909)

would require money transmitters and

their agents to report and retain records

of transactions in currency or monetary

instruments of at least $750 in

connection with the transmission or

other transfer of funds to any person

outside the United States, and to verify

the identity of senders of such

transmissions or transfers.

On July 8, 1997 (62 FR 36475),

FinCEN announced that it would hold

four working meetings to give interested

persons the opportunity to discuss with

FinCEN officials issues arising under

the proposed regulations. At that time,

only the specific time and address of the

first meeting, scheduled for July 22,

1997, dealing specifically with the

definition and registration of money

services businesses, had been

determined. FinCEN announced the

second meeting’s time and address on

July 18, 1997 (62 FR 38511).

FinCEN is announcing today the

times and addresses of the third and

fourth meetings. The third meeting is

being held August 1, 1997, to discuss

issues arising under the proposed

regulations as they relate to stored value

products. The fourth meeting, which

was originally planned for August 11,

1997, will now be held August 15, 1997.

That meeting is being held to discuss

issues arising under the regulations as

they relate to issuers, sellers, and

redeemers of money orders or traveler’s

checks.

These meetings are not intended as a

substitute for FinCEN’s request for

written comments in the notice of

proposed rulemaking published May 21,

1997. Rather, the meetings are intended

to help make the comment process as

productive as possible by providing a

forum between the industry and FinCEN

concerning the issues arising under the

proposed regulations. The meetings will

be open to the public and will be

recorded. A transcript of the meetings

will be available for public inspection

and copying; prepared statements will

be accepted for inclusion in the record.

Accordingly, oral or written material not

intended to be disclosed to the public

should not be raised at the meetings.

In the interest of providing as broad

and convenient an opportunity as

possible for persons to discuss these

regulatory measures, FinCEN will

provide time (at approximately

midafternoon) during these meetings to

discuss issues relating to any of the

three proposed regulations published

May 21, 1997. Thus, persons wishing to

discuss aspects of the regulations other

than those for which a particular

meeting is called should feel free to

participate in one or more of the

meetings.

Persons wishing to attend or to

participate in either of these meetings

should inform either Camille Steele or

Karen Robb as listed under the FOR

FURTHER INFORMATION CONTACT section.

Dated: July 24, 1997.

Eileen P. Dolan,

Federal Register Liaison Officer, Financial

Crimes Enforcement Network.

[FR Doc. 97–19985 Filed 7–29–97; 8:45 am]

BILLING CODE 4820–03–P

DEPARTMENT OF THE TREASURY

31 CFR Part 103

RIN 1506–AA09, 1506–AA20, 1506–AA19

Financial Crimes Enforcement

Network; Bank Secrecy Act

Regulations; Money Services

Businesses—Definition and

Registration; Suspicious Transaction

Reporting; Special Currency

Transaction Reporting

AGENCY: Financial Crimes Enforcement

Network, Treasury.

ACTION: Proposed regulations; extension

of comment period.

SUMMARY: The Financial Crimes

Enforcement Network (‘‘FinCEN’’) is

extending the comment period for the

three proposed Bank Secrecy Act

regulations for money services

businesses published on May 21, 1997.

FinCEN previously announced that four

open working meetings on these

proposals are being held. It has also

distributed copies of a report on money

services businesses prepared for it by

Coopers & Lybrand (and referred to in

the documents containing the proposed

regulations), and draft copies of the

forms that will be used to implement

the proposed regulations. FinCEN is

extending the comment period, in light

of the scheduling of the opening

meetings and distribution of the

relevant additional materials, to ensure

that all parties interested in the

proposed regulations are given adequate

time to submit their written comments.

DATES: Written comments on all aspects

of the proposals are welcome and must

be received on or before September 30,

1997.

ADDRESSES: Written comments should

be submitted to: Office of Legal Counsel,

Financial Crimes Enforcement Network,

Department of the Treasury, 2070 Chain

Bridge Road, Vienna, VA 22182,

Attention: (as applicable) NPRM—MSB

Registration, NPRM—Suspicious

Transaction Reporting—Money Services

Businesses, NPRM—Money

Transmitters—Special CTR Rule.

Comments also may be submitted by

electronic mail to the following Internet

address:

‘‘regcomments@fincen.treas.gov’’ with

the appropriate attention line in the

body of the text.