Federal Register / Vol. 62, No. 19 / Wednesday, January 29, 1997 / Notices 4289

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. Once the application has

been accepted for processing, it will also

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,

including whether the acquisition of the

nonbanking company can ‘‘reasonably

be expected to produce benefits to the

public, such as greater convenience,

increased competition, or gains in

efficiency, that outweigh possible

adverse effects, such as undue

concentration of resources, decreased or

unfair competition, conflicts of

interests, or unsound banking practices’’

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

otherwise noted, nonbanking activities

will be conducted throughout the

United States.

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 February 21,

1997.

A. Federal Reserve Bank of

Richmond (Lloyd W. Bostian, Jr., Senior

Vice President) 701 East Byrd Street,

Richmond, Virginia 23261-4528:

1. NewSouth Bancorp, Inc.,

Washington, North Carolina; to become

a bank holding company by acquiring

100 percent of the voting shares of

NewSouth Bank, Washington, North

Carolina. NewSouth Bank is the

proposed successor by charter

conversion to Home Savings Bank, SSB,

Washington, North Carolina.

B. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480-2171:

1. Provincial Corp., Minneapolis,

Minnesota; to become a bank holding

company by acquiring 100 percent of

the voting shares of First Heritage Bank,

Lakeville, Minnesota, a de novo bank.

Board of Governors of the Federal Reserve

System, January 23, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–2125 Filed 1-28-97; 8:45 am]

BILLING CODE 6210-01-F

Sunshine Act Meeting

AGENCY HOLDING THE MEETING: Board of

Governors of the Federal Reserve

System.

TIME AND DATE: 12:00 noon, Monday,

February 3, 1997.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, C Street

entrance between 20th and 21st 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 items carried forward from a

previously announced meeting.

CONTACT PERSON FOR MORE INFORMATION:

Mr. Joseph R. Coyne, Assistant to the

Board; (202) 452–3204. You may call

(202) 452–3207, beginning at

approximately 5 p.m. two business days

before this meeting, for a recorded

announcement of bank and bank

holding company applications

scheduled for the meeting.

Dated: January 24, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–2285 Filed 1–24–97; 4:48 pm]

BILLING CODE 6210–01–P

Agency information collection

activities: Submission to OMB under

delegated authority

Background

Notice is hereby given of the final

approval of proposed information

collections 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). 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:

Chief, Financial Reports Section—Mary

M. McLaughlin—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, with

revision, of the following reports:

1. Report titles: Interagency Notice of

Change in Control, Interagency Notice of

Change in Director or Senior Executive

Officer, and Interagency Biographical

and Financial Report

Agency form numbers: FR 2081a, FR

2081b, and FR 2081c

OMB Control number: 7100-0134

Effective Date: February 28, 1997

Frequency: On occasion

Reporters: Financial institutions and

certain of their officers and shareholders

Annual reporting hours: Interagency

Notice of Change in Control--9.000

hours; Interagency Notice of Change in

Director or Senior Executive Officer—

560 hours; Interagency Biographical and

Financial Report—4,000 hours; Total—

13,560 hours

Estimated average hours per response:

Interagency Notice of Change in

Control—30 hours; Interagency Notice

of Change in Director or Senior

Executive Officer—2 hours; Interagency

Biographical and Financial Report—4

hours

Number of respondents: Interagency

Notice of Change in Control—300;

Interagency Notice of Change in Director

or Senior Executive Officer—280;

Interagency Biographical and Financial

Report—1,000

Small businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 1817(j) and 12 U.S.C. 1831(i))

and is not given confidential treatment.

Abstract: The collections of

information are necessary in order to

eliminate duplicative filings and to

satisfy federal law and regulatory

authority for each agency. The Federal

Reserve uses the biographical portions

of the collections to evaluate the

competence, experience, character, and

integrity of persons proposed as

organizers, senior executive officers,

directors, or principal shareholders. The

financial portion is used to evaluate the

financial ability of persons proposed as