6972 Federal Register / Vol. 62, No. 31 / Friday, February 14, 1997 / Notices

Reason: Failed to maintain a valid

surety bond.

License Number: 3799.

Name: Marco Forwarding

International Co.

Address: 5750 N.W. 32nd Court,

Miami, FL 33142.

Date Revoked: December 22, 1996.

Reason: Failed to maintain a valid

surety bond.

License Number: 216.

Name: Pafco Forwarders, Inc.

Address: 157 N.E. 8th Street, Miami,

FL 33132.

Date Revoked: December 7, 1996.

Reason: Failed to maintain a valid

surety bond.

Bryant L. VanBrakle,

Director, Bureau of Tariffs, Certification and

Licensing.

[FR Doc. 97–3712 Filed 2–13–97; 8:45 am]

BILLING CODE 6730–01–M

Sunshine Act; Meeting

AGENCY HOLDING THE MEETING: Federal

Maritime Commission

TIME AND DATE: 10:00 a.m.—February 19,

1997

PLACE: 800 North Capitol Street, NW.—

Room 905, Washington, D.C.

STATUS: Closed

MATTER(S) TO BE CONSIDERED:

1. Docket No. 96–20—Port Restrictions and

Requirements in the United States/Japan

Trade—Consideration of Comments.

CONTACT PERSON FOR MORE INFORMATION:

Joseph C. Polking, Secretary, (202) 523–

5725.

Joseph C. Polking,

Secretary.

[FR Doc. 97–3890 Filed 2–12–97; 11:30 am]

BILLING CODE 6730–01–M

FEDERAL RESERVE SYSTEM

Agency information collection

activities: Submission for OMB review;

comment request

AGENCY: Board of Governors of the

Federal Reserve System (Board).

ACTION: Notice of information collection

to be submitted to OMB for review and

approval under the Paperwork

Reduction Act of 1995.

SUMMARY: In accordance with

requirements of the Paperwork

Reduction Act of 1995 (44 U.S.C.

Chapter 35), the Board hereby gives

notice that it has submitted to the Office

of Management and Budget (OMB) on

behalf of the Office of the Comptroller

of the Currency, the Federal Deposit

Insurance Corporation, and the Board

(the agencies) a request for approval of

the information collection system

described below. The Board 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.

DATES: Comments must be submitted on

or before March 17, 1997.

ADDRESSES: Comments, which should

refer to the OMB control number,

should be addressed to the OMB desk

officer for the Board: Alexander Hunt,

Office of Information and Regulatory

Affairs, Office of Management and

Budget, New Executive Office Building,

Room 3208, Washington, DC 20503.

Comments should also be addressed to

Mr. William W. Wiles, Secretary, Board

of Governors of the Federal Reserve

System, 20th and C Streets, N.W.,

Washington, DC 20551, or delivered to

the Board’s mail room between 8:45

a.m. and 5:15 p.m., and to the security

control room outside of those hours.

Both the mail room and the security

control room are accessible from the

courtyard entrance on 20th Street

between Constitution Avenue and C

Street, N.W. Comments received may be

inspected in room M-P-500 between

9:00 a.m. and 5:00 p.m., except as

provided in section 261.8 of the Board’s

Rules Regarding Availability of

Information, 12 CFR 261.8(a).

FOR FURTHER INFORMATION CONTACT: A

copy of the Paperwork Reduction Act

Submission (OMB 83-I), supporting

statement, and other documents that

have been submitted to OMB for review

and approval may be requested from the

agency clearance officer, whose name

appears below.

Mary M. McLaughlin, Federal Reserve

Board Clearance Officer (202-452-3829),

Division of Research and Statistics,

Board of Governors of the Federal

Reserve System, Washington, DC 20551.

For Telecommunications Device for the

Deaf (TDD) users only, Dorothea

Thompson, (202-452-3544), Board of

Governors of the Federal Reserve

System, Washington, DC 20551.

SUPPLEMENTARY INFORMATION:

Proposal to request approval from

OMB of the extension, with revision, of

the following report:

1. Report title: Report of Assets and

Liabilities of U.S. Branches and

Agencies of Foreign Banks

Form number: FFIEC 002

OMB control number: 7100-0032

Frequency: Quarterly

Reporters: U.S. branches and agencies of

foreign banks

Annual reporting hours: 46,683

Estimated average hours per response:

22.75

Number of respondents: 513

Small businesses (that is, small U.S.

branches and agencies of foreign banks)

are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 3105(b)(2), 1817(a)(1) and (3),

and 3102(b)). Except for select sensitive

items, this information collection is not

given confidential treatment (5 U.S.C.

552(b)(8)).

Abstract: On November 5, 1996, the

Board published on behalf of the three

agencies, a notice in the Federal Register

(61 FR 56957) describing in detail and

inviting comment on the proposed

changes to this collection of

information. This notice provides the

public with the opportunity to obtain,

review, and comment on, the Board’s

supporting statement.

On a quarterly basis, all U.S. branches

and agencies of foreign banks (U.S.

branches) are required to file detailed

schedules of assets and liabilities in the

form of a condition report and a variety

of supporting schedules. This balance

sheet information is used to fulfill the

supervisory and regulatory requirements

of the International Banking Act of

1978. The data are also used to augment

the bank credit, loan, and deposit

information needed for monetary policy

purposes. The Federal Reserve System

collects and processes this report on

behalf of all three agencies.

Current Actions: Effective with the

March 31, 1997, report date, generally

accepted accounting principles (GAAP)

would be used as the reporting basis for

the FFIEC 002, although it should be

noted that GAAP need not be applied to

immaterial items. Changes would be

made to the reporting instructions for

the following topics to bring them into

conformity with GAAP: treatment of

assets sold with recourse; treatment of

futures, forward, and standby contracts;

general prohibition on the netting of

assets and liabilities; the initial

valuation of foreclosed assets; the

treatment of repurchase agreements; and

the treatment of reciprocal balances.

The changes to the FFIEC 002 reporting

forms as of March 31, 1997, reflect new

items that would be added for

(1) The amount of assets netted

against liabilities to nonrelated parties

(excluding deposits in insured

branches) on the balance sheet in

accordance with GAAP,

(2) For insured branches, the amount

of assets netted against deposit

liabilities of the branch (excluding IBF)

on the balance sheet in accordance with

GAAP,

(3) Credit derivatives,
Federal Register / Vol. 62, No. 31 / Friday, February 14, 1997 / Notices 6973

(4) Significant components of other

assets including claims on nonrelated

parties, and other liabilities to

nonrelated parties,

(5) And the number of full-time

equivalent employees at each U.S.

branch. These new items would

conform with items proposed or

previously added to the commercial

bank Reports of Condition and Income

(Call Report) (FFIEC 031-034; OMB No.

7100-0036). Other changes include

revising the instructions for the

reporting of ‘‘when-issued securities’’

and for ‘‘firm commitments to sell

residential mortgage loans.’’

Clarifications or other conforming

changes would also be made to several

other instructions. The Board did not

receive any letters of comment in

response to the notice published in the

Federal Register requesting comment on

the proposed revisions to the FFIEC 002

for 1997. However, the agencies did

receive a comment letter in response to

a proposed instructional change related

to the reporting of ‘‘when-issued

securities’’ commitments on the Call

Report. The commenter observed that

the Financial Accounting Standards

Board (FASB) defined the term

‘‘derivative financial instrument’’ in its

June 1996 exposure draft of the

proposed accounting standard

‘‘Accounting for Derivative and Similar

Financial Instruments and for Hedging

Activities’’ as a financial instrument

that generally does not require the

holder or writer of the instrument to

own or deliver the underlying. This

commenter felt it would be confusing to

report when-issued securities as

derivatives in Schedule RC-L if they are

not reported as such for other financial

reporting purposes. The Federal

Financial Institutions Examination

Council decided that institutions that do

not include ‘‘when-issued securities’’

commitments as part of their disclosures

about derivatives for other financial

reporting purposes would be permitted

to report commitments to sell ‘‘whenissued securities’’ as ‘‘other off-balance

sheet assets’’ and commitments to

purchase ‘‘when-issued securities’’ as

‘‘other off-balance sheet liabilities’’ in

Schedule RC-L. For purposes of

consistency, the agencies also will

provide this option in the FFIEC 002

instructions.

Board of Governors of the Federal Reserve

System, February 10, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–3770 Filed 2–13–97; 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: Approximately 11:00

a.m., Wednesday, February 19, 1997,

following a recess at the conclusion of

the open meeting.

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: February 12, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–3882 Filed 2–12–97; 11:30 am]

BILLING CODE 6210–01–P

FEDERAL RESERVE BOARD

Sunshine Act; Meeting

AGENCY HOLDING THE MEETING: Board of

Governors of the Federal Reserve

System

TIME AND DATE: 10:00 a.m., Wednesday,

February 19, 1997.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, C Street

entrance between 20th and 21st Streets,

N.W., Washington, D.C. 20551.

STATUS: Open.

MATTERS TO BE CONSIDERED:

1. Proposed amendments to Regulation Y

(Bank Holding Companies and Change in

Bank Control) to eliminate unnecessary

regulatory burden (proposed earlier for

public comment; Docket No. R–0935).

2. Any items carried forward from a

previously announced meeting.

Note: This meeting will be recorded for the

benefit of those unable to attend. Cassettes

will be available for listening in the Board’s

Freedom of Information Office, and copies

may be ordered for $5 per cassette by calling

(202) 452–3684 or by writing to: Freedom of

Information Office, Board of Governors of the

Federal Reserve System, Washington, D.C.

20551.

CONTACT PERSON FOR MORE INFORMATION:

Mr. Joseph R. Coyne, Assistant to the

Board; (202) 452–3204.

Dated: February 12, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–3883 Filed 2–12–97; 11:30 am]

BILLING CODE 6210–01–P

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Agency for Toxic Substances and

Disease Registry

Public Meeting of the Inter-Tribal

Council on Hanford Health Projects

(ICHHP), in Association With the

Meeting of the Citizens Advisory

Committee on Public Health Service

Activities and Research at Department

of Energy (DOE) Sites: Hanford Health

Effects Subcommittee

The Agency for Toxic Substances and

Disease Registry (ATSDR) and the

Centers for Disease Control and

Prevention (CDC) announce the

following five meetings.

NAME: Public Meeting of the Inter-Tribal

Council on Hanford Health Projects

(ICHHP), in association with the

meeting of the Citizens Advisory

Committee on Public Health Service

Activities and Research at DOE Sites:

Hanford Health Effects Subcommittee

(HHES).

Dates: February 19, 1997, May 7,

1997.

Times: 9 a.m.–5 p.m.

Place:

Red Lion Hotel/Jantzen Beach, 909

North Hayden Island Drive, Portland,

Oregon 97217

Cavanaugh’s at Columbia Center, 1101

Columbia Center Boulevard,

Kennewick, Washington 99336,

Tel: 503/283–4466, 509/783–0611.

Fax: 503/283–4743, 509/735–3087.

Dates: July 23, 1997, October 8, 1997.

Times: 9 a.m.–5 p.m., 9 a.m.–5 p.m.

Place:

Marines’ Memorial Club, 609 Sutter

Street (at Mason), San Francisco,

California 94102

Coeur d’Alene Inn, West 414 Appleway,

Coeur d’Alene, Idaho 83814.

Tel: 415/673–6672, 208/765–3200.

Fax: 415/441–3649, 208/664–1962.

Date: December 10, 1997.

Time: 9 a.m.–5 p.m.

Place: Madison Hotel, 515 Madison

Street, Seattle, Washington 98104.

Tel: 206/583–0300.

Fax: 206/624–8125.

STATUS: Open to the public, limited only

by the space available. The meeting