60720 Federal Register / Vol. 62, No. 218 / Wednesday, November 12, 1997 / Notices

arrangements have a daily average dollar

value larger than $100,000, so the

arrangements would not be considered to

give rise to systemic risk.

Example #2

An ACH clearinghouse with more than 100

members, net settlement debits averaging less

than $500 million per day, and a netting

factor of five would not be considered to

raise significant credit, liquidity, or systemic

risks. Such a system would likely not involve

settlement guarantees or mutualization of

losses, and without high netting factors or

similar concerns, it would not be likely to

lead to significant liquidity risks. Given the

large number of participants, it is unlikely

that participants would be able to resolve a

settlement failure among themselves without

prior coordinated procedures. The system

would need to have reliable operational

procedures to resolve a settlement failure in

a timely manner on the settlement date, such

as through a recast of settlements. The rules

of the system would need to specify

settlement failure procedures, including

those for identifying and reversing nonsettled entries under applicable rules.

Example #3

A foreign exchange clearinghouse that

clears and settles contracts that average more

than $100,000 through a central counterparty

arrangement would be required to address

potential credit, liquidity, and legal risks, as

well as systemic risks. Netting and novation

of transactions, for example, would shift

credit risk to the central counterparty. Legal

risk could exist if the arrangements to

implement the netting of underlying foreign

exchange contracts could be invalidated or

ineffective in the event of bankruptcy of the

central counterparty. Given that the

arrangement exceeds or plans to exceed the

base criteria for potential systemic risk, and

serves a key financial market, it would be

required to implement robust risk controls

and fully meet the Lamfalussy Minimum

Standards.

[FR Doc. 97–29760 Filed 11–10–97; 8:45 am]

BILLING CODE 6210–01–P

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Agency for Health Care Policy and

Research

Meeting of the National Advisory

Council for Health Care Policy,

Research, and Evaluation

AGENCY: Agency for Health Care Policy

and Research, HHS.

ACTION: Notice of public meeting.

SUMMARY: In accordance with section

10(a) of the Federal Advisory Committee

Act, this notice announces a meeting of

the National Advisory Council for

Health Care Policy, Research, and

Evaluation.

DATES: The meeting will be held on

Friday, November 21, 1997 from 9:00

a.m. to 4:00 p.m.

ADDRESSES: The meeting will be held at

the DoubleTree Hotel, 1750 Rockville

Pike, Rockville, Maryland 20852.

FOR FURTHER INFORMATION CONTACT:

Nancy Foster, Coordinator of the

Advisory Council at the Agency for

Health Care Policy and Research, 2101

East Jefferson Street, Suite 502,

Rockville, Maryland 20852, (301) 594–

1349 ext. 1307.

If sign language interpretation or other

reasonable accommodation for a

disability is needed, please contact

Linda Reeves, Assistant Administrator

for Equal Opportunity, AHCPR, on (301)

594–6665 ext. 1055 no later than

November 14, 1997.

SUPPLEMENTARY INFORMATION:

I. Purpose

Section 921 of the Public Health

Service Act (42 U.S.C. 299c) establishes

the National Advisory Council for

Health Care Policy, Research, and

Evaluation. The Council provides

advice to the Secretary and the

administrator, Agency for Health Care

Policy and Research (AHCPR), on

matters related to AHCPR activities to

enhance the quality, appropriateness,

and effectiveness of health care services

and access to such services through

scientific research and the promotion of

improvements in clinical practice and

in the organization, financing, and

delivery of health care services.

The Council is composed of members

of the public appointed by the Secretary

and Federal ex-officio members. The

Council will be chaired by Harold S.

Luft, Ph.D.

II. Agenda

On Friday, November 21, 1997, the

meeting will begin at 9:00 a.m., with the

call to order by the Council Chairman.

The Administrator, AHCPR, will update

the status of current Agency programs

and initiatives. The Council will then

discuss strategic directions for the

Agency, how the Agency can most

productively advance outcomes

research, and the U.S. Preventive

Services Task Force.

The meeting will adjourn at 4:00 p.m.

Agenda items are subject to change as

priorities dictate.

Dated: November 3, 1997.

John M. Eisenberg,

Administrator.

[FR Doc. 97–29660 Filed 11–10–97; 8:45 am]

BILLING CODE 4160–90–M

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Food and Drug Administration

[Docket No. 97N–0438]

Agency Information Collection

Activities; Proposed Collection;

Comment Request

AGENCY: Food and Drug Administration,

HHS.

ACTION: Notice.

SUMMARY: The Food and Drug

Administration (FDA) is announcing an

opportunity for public comment on the

proposed collection of certain

information by the agency. Under the

Paperwork Reduction Act of 1995 (the

PRA), Federal agencies are required to

publish notice in the Federal Register

concerning each proposed collection of

information, including each proposed

reinstatement of an existing collection

of information, and to allow 60 days for

public comment in response to the

notice. This notice solicits comments on

Form FDA 3397, User Fee Cover Sheet

that must be submitted along with

certain drug and biologic product

applications and supplements.

DATES: Submit written comments on the

collection of information by January 12,

1998.

ADDRESSES: Submit written comments

on the collection of information to the

Dockets Management Branch (HFA–

305), Food and Drug Administration,

12420 Parklawn Dr., rm. 1–23,

Rockville, MD 20857. All comments

should be identified with the docket

number found in brackets in the

heading of this document.

FOR FURTHER INFORMATION CONTACT:

JonnaLynn P. Capezzuto, Office of

Information Resources Management

(HFA–250), Food and Drug

Administration, 5600 Fishers Lane,

Rockville, MD 20857, 301–827–4659.

SUPPLEMENTARY INFORMATION: Under the

PRA (44 U.S.C. 3501–3520), Federal

agencies must obtain approval from the

Office of Management and Budget

(OMB) for each collection of

information they conduct or sponsor.

‘‘Collection of information’’ is defined

in 44 U.S.C. 3502(3) and 5 CFR

1320.3(c) and includes agency requests

or requirements that members of the

public submit reports, keep records, or

provide information to a third party.

Section 3506(c)(2)(A) of the PRA (44

U.S.C. 3506(c)(2)(A)) requires Federal

agencies to provide a 60-day notice in

the Federal Register concerning each

proposed collection of information,

including each proposed reinstatement