7782 Federal Register / Vol. 62, No. 34 / Thursday, February 20, 1997 / Notices

once by oral gavage with strain AMMD.

Normal weight gains were observed in

all test animals during the observation

period. No lesions were observed in any

test animal. A waiver for genotoxicity,

reproductive and developmental

toxicity, subchronic toxicity, and

chronic toxicity is requested. This

testing is not generally required for

microbial pesticides and the lack of

toxicity along with the lack of exposure

does not warrant such testing.

D. Aggregate Exposure

1. Dietary exposure. The species

Burkholderia (pseudomonas) cepacia is

a common inhabitant of soils, plant

surfaces, and fresh water. Good Bugs,

Inc. believes that use of this microbial

pesticide as outlined is not expected to

increase dietary exposure via food or

water consumption. Transfer of the

microbial pesticide to drinking water is

unlikely due to the low survivability of

the organism in the environment. Any

low levels of oral exposure that may

occur would not be harmful due to the

lack of mammalian toxicity.

2. Non-dietary exposure of

Burkholderia (pseudomonas) cepacia

strain AMMD. Good Bugs, Inc. believes

that treatment of turf as outlined in the

experimental plan will be on limited

acreage and, due to the low survivability

of the organism, exposure will be

minimal.

3. Worker exposure via dermal

exposure or inhalation. Good Bugs, Inc.

believes that worker exposure will be

minimized by the label requirements of

long-sleeved shirt, long pants, gloves,

and the wearing of a respirator.

E. Cumulative Exposure

Biological control agents of this type

generally work by outcompeting the

disease organisms, therefore, not having

a toxic mode of action that can be

shared. However, other exposure can

occur since another strain of

Burkholderia (pseudomonas) cepacia is

already registered with the Agency.

Good Bugs, Inc. believes that since the

Agency has registered this other strain

and granted an exemption from

tolerance, this added exposure does not

present a hazard to human health in and

of itself and thus does not add to

cumulative exposure.

F. Safety Determination

1. Good Bugs, Inc. believes the safety

of the U.S. population and that of

infants and children will not be

adversely affected by the use of

Burkholderia (pseudomonas) cepacia

strain AMMD. Strain AMMD was

originally isolated from the rhizosphere

of a pea and strains of Burkholderia

(pseudomonas) cepacia are widely

distributed in nature and are readily

isolated from soil, fresh water, and plant

roots and leaves. Strain AMMD does not

survive well in the phyllosphere and

cannot be detected after 4 days.

2. Some strains of Burkholderia

(pseudomonas) cepacia are infectious to

individuals with cystic fibrosis or

compromised immune systems. Some

strains of Burkholderia (pseudomonas)

cepacia can also cause skin infection of

feet known as swamp rot. In addition,

this bacterium has been isolated from

nosocomial sources such as

contaminated indwelling medical

devices and antiseptic solutions. Good

Bugs, Inc. believes that because of the

importance of these clinical strains, it is

critical that Burkholderia

(pseudomonas) cepacia strain AMMD is

distinguished from other strains. Two

recent studies have determined that

plant associated strains are distinct from

clinical isolates. Molecular

phyllogenetic studies based on

deoxyribonucleic acid (DNA)-DNA and

DNA-ribosomal ribonucleic acid (RNA)

hybridization of 150 isolates have

identified 4 genomovars of Burkholderia

(pseudomonas) cepacia. All cystic

fibrosis isolates cluster in genomovar III;

while environmental isolates (including

phytopathogenic type strain) belong to

genomovar I.

G. Existing Tolerances

1. A tolerance exemption for

Burkholderia (pseudomonas) cepacia,

Wisconsin isolate/strain M36 (a.k.a.

Blue Circle Inoculant), was granted in

1992 by EPA.

2. It is not known if any international

tolerance exemptions exist.

II. Public Record

Interested persons are invited to

submit comments on the this notice of

filing. Comments must bear a notation

indicating the docket control number,

[PF-709].

A record has been established for this

notice under docket control number

[PF-709] including comments and data

submitted electronically as described

below). A public version of this record,

including printed, paper versions of

electronic comments, which does not

include any information claimed as CBI,

is available for inspection from 8:30

a.m. to 4 p.m., Monday through Friday,

excluding legal holidays. The public

record is located in Room 1132 of the

Public Response and Program Resources

Branch, Field Operations Division

(7506C), Office of Pesticide Programs,

Environmental Protection Agency,

Crystal Mall #2, 1921 Jefferson Davis

Highway, Arlington, VA.

Electronic comments can be sent

directly to EPA at:

opp-docket@epamail.epa.gov

Electronic comments must be

submitted as an ASCII file avoiding the

use of special characters and any form

of encryption.

The official record for this notice, as

well as the public version, as described

above will be kept in paper form.

Accordingly, EPA will transfer all

comments received electronically into

printed, paper form as they are received

and will place the paper copies in the

official record which will also include

all comments submitted directly in

writing. The official record is the paper

record maintained at the address in

‘‘ADDRESSES’’ at the beginning of this

notice.

List of Subjects

Environmental protection,

Administrative practice and procedure,

Agricultural commodities, Pesticides

and pests, Reporting and recordkeeping

requirements.

Dated: February 6, 1997.

Janet L. Andersen,

Director, Biopesticides and Pollution

Prevention Division, Office of Pesticide

Programs.

[FR Doc. 97–4115 Filed 2–19–97; 8:45 am]

BILLING CODE 6560–50–F

FEDERAL FINANCIAL INSTITUTIONS

EXAMINATION COUNCIL

Revised Policy Statement on

‘‘Interagency Coordination of Formal

Corrective Action by the Federal Bank

Regulatory Agencies’’

AGENCY: Federal Financial Institutions

Examination Council.

ACTION: Notice of revised policy

statement.

SUMMARY: The Task Force on

Supervision, acting under delegated

authority from the Federal Financial

Institutions Examination Council

(FFIEC), has revised the policy

statement on ‘‘Interagency Coordination

of Formal Corrective Action by the

Federal Bank Regulatory Agencies’’

dated December 18, 1979, and is

recommending that the FFIEC member

agencies adopt and implement the

updated policy statement. The revised

policy statement entitled ‘‘Interagency

Notification and Coordination of

Enforcement Actions by the Federal

Bank Regulatory Authorities’’ appears

below.
Federal Register / Vol. 62, No. 34 / Thursday, February 20, 1997 / Notices 7783

DATES: Effective immediately.

FOR FURTHER INFORMATION CONTACT:

FDIC: Daniel E. Austin, (202/898–6774)

Review Examiner, Special Situations &

Applications Section, Division of

Supervision, Federal Deposit Insurance

Corporation, 550 17th Street, NW,

Washington, DC 20429.

FRB: Nancy Oakes, (202/452–2743),

Senior Attorney, Enforcement

Section, Division of Banking

Supervision & Regulation, Board of

Governors of the Federal Reserve

System, 20th & C Streets, NW,

Washington, DC 20551.

OCC: Carolyn Amundson, (202/874–

5371), Senior Attorney, Enforcement

& Compliance Division, Office of the

Comptroller of the Currency, 250 E

Street, SW, Washington, DC 20219.

OTS: Scott Albinson, (202/906–7984),

Special Assistant to the Executive

Director for Supervision, Office of

Thrift Supervision, 1700 G Street,

NW, Washington, DC 20552.

The text of the Revised Policy

Statement follows:

Revised Policy

Any federal banking regulatory

agency that proposes to take a formal

enforcement action against any federally

regulated financial institution or any

institution-affiliated party shall notify in

writing the other federal banking

regulatory agencies and, where

appropriate, a state supervisory

authority prior to or at the initiation of

such action. For the purposes of

interagency notification, an enforcement

action is initiated when the appropriate

responsible agency official, or group of

officials, determines that formal

enforcement action should be taken. All

notifications to other federal banking

regulatory agencies shall be made to a

designated contact person or persons as

specified by each agency.

When there is an affiliation or other

inter-institutional relationship, any

federal banking regulatory agency that

proposes to take an informal

enforcement action against any federally

regulated financial institution or

institution-affiliated party shall notify in

writing the other appropriate federal

banking regulatory agencies and, where

appropriate, a state supervisory

authority prior to or at the initiation of

such action.

In the event that complementary

action (e.g., action involving a bank and

its parent holding company, or a U.S.

branch or agency and a foreign bank) is

considered appropriate by two or more

federal banking regulatory agencies, the

preparation, processing, presentation,

service, and follow-up of the

enforcement action shall be coordinated

by the agencies directly involved.

The purpose of these procedures is to

encourage notification to appropriate

federal and state bank regulatory

authorities at the earliest practicable

date. These procedures are not intended

to preclude or forestall any federal

banking regulatory agency from

initiating an enforcement action alone

and on a timely basis against an

institution or institution-affiliated party

for which it has primary supervisory

jurisdiction.

Dated: February 13, 1997.

Joe M. Cleaver,

Executive Secretary/Federal Financial

Institutions Examination Council.

[FR Doc. 97–4085 Filed 2–19–97; 8:45 am]

BILLING CODE OCC: 4810–33–P (25%); FRB: 6210–01–P

(25%); FDIC: 6714–01–P (25%); OTS: 6720–01–P (25%)

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. Once the application has

been accepted for processing, it will also

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 March 14,

1997.

A. Federal Reserve Bank of New

York (Christopher J. McCurdy, Senior

Vice President) 33 Liberty Street, New

York, New York 10045-0001:

1. The Bank of New York Company,

Inc., New York, New York; to acquire

9.9 percent of the voting shares of State

Street Boston Corporation, Boston,

Massachusetts, and thereby indirectly

acquire State Street Bank and Trust

Company, Boston, Massachusetts.

In connection with this application,

Applicant also has applied to acquire

State Street Boston Securities Services

Corp., Boston, Massachusetts, and

thereby indirectly acquire Investors

Fiduciary Trust Company, Kansas City,

Missouri, and thereby engage in

performing functions or activities that

may be performed by a trust company,

pursuant to § 225.25(b)(3) of the Board’s

Regulation Y; State Street Global

Advisors, Inc., Dover, Delaware, and

thereby indirectly acquire State Street

Global Advisors, United Kingdom

Limited, London, England, State Street

Unit Trust Management Limited,

London, England, and Boston

Esquiserve, L.P., Canton, Massachusetts,

and thereby engage in acting as an

investment or financial advisor,

pursuant to §§ 226.25(b)(4)(ii) and

(b)(4)(iii) of the Board’s Regulation Y;

Boston Financial Data Services, North

Quincy, Massachusetts, and thereby

indirectly acquire National Financial

Data Services, Kansas City, Missouri,

CFDS Limited, Toronto, Ontario,

Canada, CFDS Investors Services

Limited, Toronto, Ontario, Canada,

European Financial Data Services,

Luxembourg, Princeton Financial

Systems, Princeton, New Jersey, Bridge

Financial Systems, Inc., St. Louis,

Missouri, and Dunai Financial Services

PTY Limited, Melbourne, Australia, and

thereby engage in data processing

activities, pursuant to § 225.25(b)(7) of

the Board’s Regulation Y. These

activities will be conducted worldwide.

B. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. 1st United Bancorp, Boca Raton,

Florida; to acquire 100 percent of the

voting shares of Island National Bank

and Trust Company, Palm Beach,

Florida.

C. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480-2171:

1. TCF Financial Corporation,

Minneapolis Minnesota; to become a

bank holding company by acquiring 100

percent of the voting shares of TCF

National Bank Minnesota, Minneapolis,

Minnesota, a de novo bank; TCF

National Bank Illinois, Chicago, Illinois,

a de novo bank; TCF National Bank