63716 Federal Register / Vol. 62, No. 231 / Tuesday, December 2, 1997 / Notices

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.: 203–011279–005.

Title: Caribbean and Central America

Discussion Agreement.

Parties:

Central America Discussion

Agreement

Southeastern Caribbean Discussion

Agreement

Hispaniola Discussion Agreement

U.S./Jamaica Discussion Agreement

Venezuela American Maritime

Association

Caribbean Shipowners Association

Aruba Bonaire Curacao Liner

Association

Inter-American Freight Conference

Venezuelan Discussion Agreement

Puerto Rico/Caribbean Discussion

Agreement

Synopsis: The proposed modification

changes the name of the Agreement to

the Western Hemisphere Discussion

Agreement, expands the Agreement’s

geographic scope to include South

America, deletes the Panam discussion

Agreement as a party, and adds both the

Inter-American Freight Conference and

the Venezuela Discussion Agreement as

parties to the Agreement.

Agreement No.: 206–011596.

Title: APL/MOL/HMM Reciprocal

Slot Exchange Agreement.

Parties:

American President Lines, Ltd.

(‘‘APL’’)

Hyundai Merchant Marine Co., Ltd.

(‘‘HMM’’)

Mitsui O.S.K. Lines, Ltd. (‘‘MOL’’)

Synopsis: The proposed Agreement

authorizes HMM to use up to an

annualized average of 6000 TEUs of

space per week on vessels operated by

either APL or MOL, and for APL and

MOL to use up to an annualized average

of 7000 TEUs per week on vessels

operated by HMM in the trade between

the Pacific Coast of the United States

and the Far East. The parties may also

interchange empty containers and agree

upon sailing schedules, service

frequency and the number, type and

size of vessels to be used.

Agreement No.: 232–011597.

Title: CAGEMA Gulf Express Slot

Charter Agreement.

Parties:

Caribbean General Maritime Ltd.

(‘‘CAGEMA’’)

Compagnie Maritime D’Affretement

(‘‘CMA’’)

Synopsis: The proposed Agreement

would permit CAGEMA to charter space

to CMA in the trade between U.S. South

Atlantic and Gulf ports, and inland

points via such ports, and Freeport, the

Bahamas. The parties may also agree

upon the type and size of vessels

CAGEMA will operate in the trade as

well as CAGEMA’s sailing schedules,

port rotation, and ports to be served.

The parties have requested a shortened

review period.

By Order of the Federal Maritime

Commission.

Dated: November 25, 1997.

Joseph C. Polking,

Secretary.

[FR Doc. 97–31490 Filed 12–1–97; 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 filed 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, D.C. 20573.

Frontier International Forwarders, 6073

N.W. 167 Street, Suite C–10, Miami,

FL 33015, Officer: Leylani del Valle,

President

Superior Freight Services, Inc., 2600

East 81st Street, Bloomington, MN

55425, Officers: Todd A. Nelson,

President; Paul J. Goff, Vice President

Wimpex, Inc., 2983 Center Court, Eagan,

MN 55121, Officers: Mark Culley,

President; Chris Mady, Vice President

Globe Express Services, Ltd., 3801–F1

Beam Road, Charlotte, NC 28217,

Officers: Edouard T. Rassie, President;

Antoine G. Bikhazi, Vice President.

Dated: November 26, 1997.

Joseph C. Polking,

Secretary.

[FR Doc. 97–31562 Filed 12–1–97; 8:45 am]

BILLING CODE 6730–01–M

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. The application also will 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.

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 December 29,

1997.

A. Federal Reserve Bank of Boston

(Richard Walker, Community Affairs

Officer) 600 Atlantic Avenue, Boston,

Massachusetts 02106-2204:

1. Hoosac Financial Services, Inc.,

North Adams, Massachusetts; to become

a bank holding company by acquiring

100 percent of the voting shares of

North Adams Hoosac Savings Bank,

North Adams, Massachusetts.

B. Federal Reserve Bank of New York

(Betsy Buttrill White, Senior Vice

President) 33 Liberty Street, New York,

New York 10045-0001:

1. SNB Bancorp, Pine Plains, New

York; to become a bank holding

company by acquiring 100 percent of

the voting shares of The Stissing

National Bank of Pine Plains, Pine

Plains, New York.

2. Millbrook Bank Systems, Inc.,

Millbrook, New York; to become a bank

holding company by acquiring 100

percent of the voting shares of Bank of

Millbrook, Millbrook, New York.

3. HUBCO, Inc., Mahwah, New Jersey;

to merge with Poughkeepsie Financial

Corp., Poughkeepsie, New Jersey, and

thereby indirectly acquire Bank of The

Hudson, FSB, Poughkeepsie, New

Jersey.

C. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 90 Hennepin Avenue,
Federal Register / Vol. 62, No. 231 / Tuesday, December 2, 1997 / Notices 63717

P.O. Box 291, Minneapolis, Minnesota

55480-0291:

1. Glacier Bancorp, Inc., Kalispell,

Montana; to acquire 100 percent of the

voting shares of Glacier Bank, Kalispell,

Montana, a de novo bank. In addition,

an existing subsidiary of Glacier

Bancorp, Inc., Glacier Bank, FSB,

Kalispell, Montana, will be merged into

Glacier Bank and Glacier Bank will

become a state member bank.

Board of Governors of the Federal Reserve

System, November 25, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–31468 Filed 12–1–97; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL RESERVE SYSTEM

Notice of Proposals to Engage in

Permissible Nonbanking Activities or

to Acquire Companies that are

Engaged in Permissible Nonbanking

Activities

The companies listed in this notice

have given notice under section 4 of the

Bank Holding Company Act (12 U.S.C.

1843) (BHC Act) and Regulation Y, (12

CFR Part 225) to engage de novo, or to

acquire or control voting securities or

assets of a company that engages either

directly or through a subsidiary or other

company, in a nonbanking activity that

is listed in § 225.28 of Regulation Y (12

CFR 225.28) or that the Board has

determined by Order to be closely

related to banking and permissible for

bank holding companies. Unless

otherwise noted, these activities will be

conducted throughout the United States.

Each notice is available for inspection

at the Federal Reserve Bank indicated.

The notice also will be available for

inspection at the offices of the Board of

Governors. Interested persons may

express their views in writing on the

question whether the proposal complies

with the standards of section 4 of the

BHC Act.

Unless otherwise noted, comments

regarding the applications must be

received at the Reserve Bank indicated

or the offices of the Board of Governors

not later than December 15, 1997.

A. Federal Reserve Bank of New

York (Betsy Buttrill White, Senior Vice

President) 33 Liberty Street, New York,

New York 10045-0001:

1. Credit Commercial de France, S.A.,

Paris, France; to acquire International

Finance Corporation, Paris, France, and

thereby engage in extending credit and

servicing loans, pursuant to §

225.28(b)(1) of the Board’s Regulation Y;

activities related to extending credit,

pursuant to § 225.28(b)(2) of the Board’s

Regulation Y; financial and investment

advisory activities, pursuant to §

225.28(b)(6) of the Board’s Regulation Y;

agency transactional services for

customer investments, pursuant to §

225.28(b)(7) of the Board’s Regulation Y;

and investment transactions as

principal, pursuant to § 225.28(b)(8) of

the Board’s Regulation Y.

Board of Governors of the Federal Reserve

System, November 25, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–31467 Filed 12–1–97; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL TRADE COMMISSION

Submission for OMB Review;

Comment Request

AGENCY: Federal Trade Commission.

ACTION: Notice.

SUMMARY: The Federal Trade

Commission (FTC or Commission) has

submitted information collection

requirements associated with the Mail

or Telephone Order Merchandise Trade

Regulation Rule, 16 CFR Part 435, to the

Office of Management and Budget

(OMB) for review and clearance under

the Paperwork Reduction Act of 1995

(PRA) (44 U.S.C. 3501–3520). The FTC

previously solicited comments from the

public concerning these information

collection requirements, and provided

the information specified in 5 CFR

1320.5(a)(1)(iv). 62 FR 46498

(September 3, 1997). No comments were

received. The current OMB clearance for

these requirements expires on December

31, 1997. The FTC has requested that

OMB extend the PRA clearance through

December 31, 2000.

DATES: Comments must be filed by

January 2, 1998.

ADDRESSES: Send comments to the

Office of Information and Regulatory

Affairs, Office of Management and

Budget, New Executive Office Building,

Room 3228, Washington, D.C. 20530,

ATTN: Edward Clarke, Desk Officer for

the Federal Trade Commission.

Comments may also be sent to Elaine W.

Crockett, Attorney, Office of the General

Counsel, Room 598, 6th St. and

Pennsylvania Ave., N.W. 20580,

telephone: (202) 326–2453; fax: (202)

326–2477; e-mail ecrockett@ftc.gov

SUPPLEMENTARY INFORMATION:

Title: Mail or Telephone Order

Merchandise Trade Regulation Rule, 16

CFR Part 435—(OMB Control Number

3084–0106)—Extension

The Mail Order Merchandise Rule

was promulgated in 1975 in response to

consumer complaints that many

merchants were failing to ship mail

order merchandise on time, failing to

ship at all, or failing to provide prompt

refunds for unshipped merchandise.

The Rule took effect on February 2,

1976. A second rulemaking proceeding

in 1993 demonstrated that the delayed

shipment and refund problems of the

mail order industry were also being

experienced by consumers who ordered

merchandise over the telephone. The

Commission therefore amended the

Rule, effective on March 1, 1994, to

include merchandise ordered by

telephone, including by fax or by

computer through the use of a modem.

Generally, the Rule requires a

merchant to: (1) have a reasonable basis

for any express or implied shipment

representation made in soliciting the

sale; (2) ship within the time period

promised, and if no time period is

promised, within 30 days; (3) notify the

consumer and obtain the consumer’s

consent to any delay in shipment; and

(4) make prompt and full refunds when

the consumer exercises a cancellation

option or the merchant is unable to meet

the Rule’s other requirements.

Under the notice provisions in the

Rule, a merchant who is unable to ship

within the promised shipment time or

30 days must notify the consumer of a

revised date and of his or her right to

cancel the order and obtain a prompt

refund. Delays beyond the revised

shipment date also trigger a notification

requirement to consumers. When the

Rule requires the merchant to make a

refund and the consumer paid by credit

card, it also requires the merchant to

notify the consumer either that any

charge to the consumer’s charge account

will be reversed or that the merchant

will take no action resulting in a charge.

Burden statement: In its 1995 PRA

submission to OMB, the FTC estimated

that 1,897 large businesses and 68,663

small businesses were covered by the

Rule, for a total of 70,560 businesses. As

stated in the agency’s 1995 submission,

the conditional nature of some of the

Rule’s requirements makes it difficult to

quantify the exact PRA burden

involved. Nonetheless, the agency

estimated that, at that time, 70,560

businesses spent an average of 229.78

hours per year on compliance with the

Rule, for a total estimate of 16,213,300

burden hours. In the September 3, 1997,