54112 Federal Register / Vol. 62, No. 200 / Friday, October 17, 1997 / Notices

required by the Paperwork Reduction

Act of 1995 (44 U.S.C. chapter 35).

Currently, the FDIC is soliciting

comments concerning an information

collection titled ‘‘Occasional Qualitative

Surveys.’’

DATES: Comments must be submitted on

or before December 16, 1997.

ADDRESSES: Interested parties are

invited to submit written comments to

Tamara R. Manly, Management Analyst,

(202) 898–7453, Office of the Executive

Secretary, Federal Deposit Insurance

Corporation, 550 17th Street NW.,

Washington, DC 20429. All comments

should refer to ‘‘Occasional Qualitative

Surveys.’’ Comments may be handdelivered to Room F–4001B, 1776 F

Street, NW., Washington, DC 20429, on

business days between 8:30 a.m. and

5:00 p.m. [FAX number (202) 898–3838;

Internet address: comments@fdic.gov].

A copy of the comments may also be

submitted to the OMB desk officer for

the FDIC: Alexander Hunt, Office of

Information and Regulatory Affairs,

Office of Management and Budget, New

Executive Office Building, Room 3208,

Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT:

Tamara R. Manly, at the address

identified above.

SUPPLEMENTARY INFORMATION: Proposal

to renew the following currently

approved collection of information:

Title: Occasional Qualitative Surveys.

OMB Number: New collection.

Frequency of Response: Occasional.

Affected Public: Business institutions

and other federal and government

agencies.

Estimated Number of Respondents:

5,000.

Estimated Time per Response: 1 hour.

Estimated Total Annual Burden:

5,000 hours.

General Description of Collection: The

collection involves the occasional use of

qualitative surveys to gather anecdotal

information about regulatory burden,

problems or successes in the bank

supervisory process (including both

safety-and-soundness and consumerrelated exams), and similar concerns.

Request for Comment

Comments are invited on: (a) Whether

the collection of information is

necessary for the proper performance of

the FDIC’s functions, including whether

the information has practical utility; (b)

the accuracy of the estimates of the

burden of the information collection,

including the validity of the

methodology and assumptions used; (c)

ways to enhance the quality, utility, and

clarity of the information to be

collected; and (d) ways to minimize the

burden of the information collection on

respondents, including through the use

of automated collection techniques or

other forms of information technology.

At the end of the comment period, the

comments and recommendations

received will be analyzed to determine

the extent to which the collection

should be modified prior to submission

to OMB for review and approval.

Comments submitted in response to this

notice also will be summarized or

included in the FDIC’s requests to OMB

for renewal of this collection. All

comments will become a matter of

public record.

Dated at Washington, DC, this 14th day of

October, 1997.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 97–27612 Filed 10–16–97; 8:45 am]

BILLING CODE 6714–01–M

FEDERAL DEPOSIT INSURANCE

CORPORATION

Community Reinvestment Act;

Rescission of Statement of Policy

AGENCY: Federal Deposit Insurance

Corporation (FDIC).

ACTION: Rescission of statement of

policy.

SUMMARY: As part of the FDIC’s

systematic review of its regulations and

written policies under section 303(a) of

the Riegle Community Development and

Regulatory Improvement Act of 1994

(CDRIA), the FDIC is rescinding its

Statement of Policy on the ‘‘Community

Reinvestment Act.’’ The statement of

policy has been rendered obsolete by

the amendment of part 345 (Community

Reinvestment) of the FDIC’s regulations,

and thus is being rescinded. This action

furthers the goals of section 303(a) of

CDRIA by removing inconsistencies and

outmoded and duplicative requirements

from the FDIC’s supervisory policies.

DATES: The statement of policy is

rescinded effective October 17, 1997.

FOR FURTHER INFORMATION CONTACT:

Louise N. Kotoshirodo, Review

Examiner, Division of Compliance and

Consumer Affairs (202–942–3599), or

Ann Hume Loikow, Counsel, Legal

Division (202–898–3796), FDIC, 550

17th Street, N.W., Washington, D.C.

20429.

SUPPLEMENTARY INFORMATION: The FDIC

is conducting a systematic review of its

regulations and policy statements

pursuant to section 303(a) of the Riegle

Community Development and

Regulatory Improvement Act of 1994

(CDRIA) (12 U.S.C. 4803(a)), which

requires the FDIC, the Office of the

Comptroller of the Currency, the Office

of Thrift Supervision, and the Board of

Governors of the Federal Reserve

System (agencies) to streamline and

modify their regulations and written

policies in order to improve efficiency,

reduce unnecessary costs, and eliminate

unwarranted constraints on credit

availability. Section 303(a) also requires

the agencies to remove inconsistencies

and outmoded and duplicative

requirements.

The FDIC adopted jointly with the

agencies a new part 345 to the FDIC’s

rules and regulations, entitled

‘‘Community Reinvestment,’’ to

implement the Community

Reinvestment Act of 1977 (CRA), which

was published in the Federal Register

on October 12, 1978 (43 FR 47144). On

March 31, 1980, the FDIC Board of

Directors adopted a Statement of Policy

on the Community Reinvestment Act

(Statement of Policy) which discussed

the act and regulations, how FDIC

examiners would assess a bank’s record

of meeting community credit needs, and

how the FDIC would take such

assessment into account when

evaluating various types of applications

for deposit facilities.

On May 4, 1995, the FDIC published

jointly with the agencies, significant

amendments to part 345 of the FDIC’s

rules and regulations (60 FR 22156).

Subsequent technical amendments were

made to part 345 and published in the

Federal Register on December 20, 1995

(60 FR 66048) and May 10, 1996 (61 FR

21362), respectively. Part 345 of the

FDIC’s rules and regulations, as

amended, reduces unnecessary

regulatory burden and replaces the 12

assessment factors contained in the

1979 rule and Statement of Policy with

a more performance-based evaluation

process to assess a bank’s record in

meeting the credit needs of its

community, including low- and

moderate-income neighborhoods. The

new regulation was phased in over a

two-year period beginning July 1, 1995.

On July 1, 1997, all remaining portions

of the rule became effective and all

insured state nonmember banks are now

evaluated under the new CRA

performance tests.

As part of the Corporation’s regulatory

review project required by section

303(a) of CDRIA, the Board has

reviewed the Statement of Policy and

determined that the supervisory

guidance contained in it has been

rendered obsolete by the amendment of

part 345 and should be rescinded.

Furthermore, the Board concludes that

rescission of this Statement of Policy
Federal Register / Vol. 62, No. 200 / Friday, October 17, 1997 / Notices 54113

would further the goal of section 303(a)

of CDRIA of removing inconsistencies

and outmoded and duplicative

requirements.

Rescission of this Statement of Policy

does not reflect any substantive change

in the FDIC’s supervisory attitude

toward insured state nonmember banks’

compliance with the Community

Reinvestment Act and part 345.

For the foregoing reasons, the

Statement of Policy is hereby rescinded.

By order of the Board of Directors.

Dated at Washington, D.C. this 6th day of

October, 1997.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 97–27518 Filed 10–16–97; 8:45 am]

BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE

CORPORATION

Sunshine Act Meeting

Pursuant to the provisions of the

‘‘Government in the Sunshine Act’’ (5

U.S.C. 552b), notice is hereby given that

at 10:03 a.m. on Tuesday, October 14,

1997, the Board of Directors of the

Federal Deposit Insurance Corporation

met in closed session to consider

matters relating to the Corporation’s

corporate and supervisory activities.

In calling the meeting, the Board

determined, on motion of John F.

Downey, acting in the place and stead

of Director Nichols P. Retsinas (Director,

Office of Thrift Supervision), seconded

by Julie L. Williams, acting in the place

and stead of Eugene A. Ludwig

(Comptroller of the Currency),

concurred in by Director Joseph H.

Neely (Appointive), and Acting

Chairman Andrew C. Hove, Jr., that

Corporation business required its

consideration of the matters on less than

seven days’ notice to the public; that no

earlier notice of the meeting was

practicable; that the public interest did

not require consideration of the matters

in a meeting open to public observation;

and that the matters could be

considered in a closed meeting by

authority of subsections (c)(2), (c)(4),

(c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B) and

(c)(10) of the ‘‘Government in the

Sunshine Act’’ (5 U.S.C. 552b(c)(2),

(c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B),

and (c)(10)).

The meeting was held in the Board

Room of the FDIC Building located at

550—17th Street, N.W., Washington,

D.C.

Dated: October 14, 1997.

Federal Deposit Insurance Corporation.

James D. LaPierre,

Deputy Executive Secretary.

[FR Doc. 97–27690 Filed 10–15–97; 10:14

am]

BILLING CODE 6714–01–M

FEDERAL MARITIME COMMISSION

Notice of Agreement(s) Filed

The Commission hereby gives notice

of the filing of the following

agreement(s) under the Shipping Act of

1984.

Interested parties can review or obtain

copies of agreements at the Washington,

DC offices of the Commission, 800

North Capitol Street, N.W., Room 962.

Interested parties may submit comments

on an agreement to the Secretary,

Federal Maritime Commission,

Washington, DC 20573, within 10 days

of the date this notice appears in the

Federal Register.

Agreement No.: 224–201036.

Title: Port of New Orleans/Maritrend,

Inc. Lease Agreement.

Parties:

The Board of Commissioners of the

Port of New Orleans (‘‘Port’’)

Maritrend, Inc. (‘‘Maritrend’’)

Synopsis: The proposed Agreement

authorities the Port to lease to Maritrend

9.33 acres, and improvements thereon,

at the Port’s Alabo Street facilities for a

period of one year, with the option to

extend the lease for two additional

renewal periods of one year each.

Dated: October 10, 1997.

By Order of the Federal Maritime

Commission.

Ronald D. Murphy,

Assistant Secretary.

[FR Doc. 97–27533 Filed 10–16–97; 8:45 am]

BILLING CODE 6730–01–M

FEDERAL MARITIME COMMISSION

Ocean Freight Forwarder License

Applicants

Notice is hereby given that the

following applicants have file with the

Federal Maritime Commission

applications for licenses as ocean freight

forwarders pursuant to section 19 of the

Shipping Act of 1984 (46 U.S.C. app.

1718 and 46 CFR 510).

Persons knowing of any reason why

any of the following applicants should

not receive a license are requested to

contact the Office of Freight Forwarders,

Federal Maritime Commission,

Washington, DC 20573.

Esprit International Shipping Combined

Transport, Inc., 7940 E. Garvey

Avenue, Suite 203, Rosemead, CA

91770, Officers: Amy Choi, President,

Tracy Cheuk-See Chan, Vice President

Bestway Shipping, Inc., 269 E. Redondo

Beach Blvd., Gardena, CA 90248,

Officer: Harry Hyungsuk Choi,

President

III Star Freight Services, Inc., 140

Eastern Avenue, Chelsea, MA 02150,

Officers: Mikhail Kravetskil,

President, Joseph A. Scali, Treasurer

Asian Pacific Logistics, 23202 Audrey

Avenue, Torrance, CA 90505, Paul

Yoon, Sole Proprietor

Unlimited Logistics, 2395 Giltner Road,

Smithfield, KY 40068, Martha A.

Works

Pacific Shipping Company, 1011

Klickitat Way, Suite 203, Seattle, WA

98134, Officers: Kim Knise, President,

James G. Rosselot, Vice President

Maromar International Freight

Forwarders Inc., 8262 N.W. 14th

Street, Miami, FL 33126, Officers:

Maricel Barth, President, Marta Barth,

Operations Director

Guardian Moving and Storage Co., Inc.

d/b/a Guardian International

Forwarders, 1901 Light Street,

Baltimore, MD 21202, Officers:

Eugene W. Smoot, President, Mario S.

Smoot, Vice President

Global Marine Services, Inc., 2085

Talleyrand Avenue, Building ‘‘A’’,

P.O. Box 2239, Jacksonville, FL

32206, Officers: Carlton H. Spence,

Director, Jeffrey C. Spence, Director/

President.

Dated: October 10, 1997.

Ronald D. Murphy,

Assistant Secretary.

[FR Doc. 97–27534 Filed 10–16–97; 8:45 am]

BILLING CODE 6730–01–M

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