59706 Federal Register / Vol. 62, No. 213 / Tuesday, November 4, 1997 / Notices

The Agencies use various quantitative

screens to identify U.S. branches with

potentially significant liquidity risk

exposure. These screens primarily rely

on data collected in the FFIEC 002. The

Agencies have determined that the

existing data collected on Schedule A,

item 4.b, for balances due from banks in

foreign countries and foreign central

banks is not adequate for assessing U.S.

branches liquidity exposure associated

with their involvement with home

country banks. The Agencies are

therefore proposing to breakout balances

due from banks in the U.S. branches

home country from balances due from

banks in other foreign countries.

The existing data collected in item

4.b. on balances due from Other banks

in foreign countries and foreign central

banks would be modified to exclude

data on balances due from banks in the

U.S. branches home country. This

modified data would be collected in

renumbered item 4.c. A new item 4.b.

for balances due from Banks in home

country and home country central bank

would be added to collect the

information needed for liquidity

analysis. The Agencies believe that the

proposed break out will improve their

ability to assess significant liquidity

exposures without adding undue

reporting burden on U.S. branches.

PLEDGED SECURITIES

The Agencies are also proposing to

add a new memorandum item to

Schedule RAL for pledged securities.

The new item would identify the

amount of U.S. government securities

included in Schedule RAL items 1.b.(1),

U.S. Treasury securities, and 1.b.(2),

U.S. Government agency obligations,

that are pledged to secure deposits,

repurchase transactions, borrowings, or

for any other purpose. Based on a

review of the manner in which

information on pledged securities

collected in the domestic bank Call

Report has been used, the Agencies

believe that this data would assist in

determining whether securities held by

a U.S. branch represent an actual source

of liquidity to pay depositors or

creditors or are already pledged to

secure other branch obligations. The

Agencies believe that the proposed item

will improve their ability to assess

significant liquidity exposures without

adding undue reporting burden on U.S.

branches.

REQUEST FOR COMMENT

Comments submitted in response to

this Notice will be summarized or

included in the Board’s request for OMB

approval. All comments will become a

matter of public record. Written

comments should address the accuracy

of the burden estimates and ways to

minimize burden including the use of

automated collection techniques or the

use of other forms of information

technology as well as other relevant

aspects of the information collection

request.

Comments also are requested on the

expected effects on information

currently reported in the FFIEC 002

report resulting from the

implementation of those portions of

Financial Accounting Standards Board

Statement No. 125, ‘‘Accounting for

Transfers and Servicing of Financial

Assets and Extinguishments of

Liabilities,’’ that have had their effective

date delayed until after December 31,

1997. The agencies are evaluating the

need for additional data in this area.

These portions of Statement No. 125

address collateral and secured

borrowings, repurchase agreements,

dollar-rolls, securities lending, and

similar transactions.

In addition, comments are requested

on the extent to which U.S. branches are

engaged in guaranteed certificate of

deposit and confirmation certificate of

deposit transactions. Guaranteed

certificates of deposit are certificates of

deposit issued by non-U.S. branches

that are guaranteed payable by U.S.

branches. In contrast, confirmation

certificates of deposit are certificates of

deposit issued by U.S. branches that are

guaranteed payable by the non-U.S.

branches. The agencies are interested in

obtaining information on the volume

and prevalence of such transactions

among U.S. branches.

Insured U.S. branches should note

that the FDIC is considering

amendments to its regulations on the

deposit insurance assessment base (12

CFR Part 327) which may require

certain changes to the FFIEC 002.

Should the FDIC adopt amendments

that necessitate changes to the FFIEC

002 in 1998, those changes will be

separately published for public

comment as required under the

Paperwork Reduction Act of 1995.

Board of Governors of the Federal Reserve

System, October 30, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–29148 Filed 11–3–97; 8:45 am]

BILLING CODE 6210–01–F

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

November 18, 1997.

A. Federal Reserve Bank of San

Francisco (Pat Marshall, Manager of

Analytical Support, Consumer

Regulation Group) 101 Market Street,

San Francisco, California 94105-1579:

1. Eugene Dale Fortner, Dolores

Fortner, and the Eugene D. and Dolores

Fortner Family Trust, Glendale,

California; to acquire additional voting

shares of Verdugo Banking Company,

Glendale, California.

Board of Governors of the Federal Reserve

System, October 29, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–29084 Filed 11–4–97; 8:45 am]

BILLING CODE 6210–01–F

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

November 19, 1997.

A. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. Annie Ruth Williams, Covington,

Georgia; to retain voting shares of

Newton Financial Management