Federal Register / Vol. 65, No. 209 / Friday, October 27, 2000 / Notices 64443

this effort and encourage your

participation.

Jo Ann Howard,

Administrator, Federal Insurance

Administration.

[FR Doc. 00–27638 Filed 10–26–00; 8:45 am]

BILLING CODE 6718–03–P

FEDERAL RESERVE SYSTEM

Agency Information Collection

Activities: Proposed Collection;

Comment Request

AGENCY: Board of Governors of the

Federal Reserve System.

SUMMARY:

Background

On June 15, 1984, the Office of

Management and Budget (OMB)

delegated to the Board of Governors of

the Federal Reserve System (Board) its

approval authority under the Paperwork

Reduction Act, as per 5 CFR 1320.16, to

approve of and assign OMB control

numbers to collection of information

requests and requirements conducted or

sponsored by the Board under

conditions set forth in 5 CFR part 1320

Appendix A.1. Board-approved

collections of information are

incorporated into the official OMB

inventory of currently approved

collections of information. Copies of the

OMB 83–Is and supporting statements

and approved collection of information

instruments are placed into OMB’s

public docket files. The Federal Reserve

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.

Request for Comment on Information

Collection Proposals

The following information

collections, which are being handled

under this delegated authority, have

received initial Board approval and are

hereby published for comment. At the

end of the comment period, the

proposed information collections, along

with an analysis of comments and

recommendations received, will be

submitted to the Board for final

approval under OMB delegated

authority. Comments are invited on the

following:

a. whether the proposed collection of

information is necessary for the proper

performance of the Federal Reserve’s

functions; including whether the

information has practical utility;

b. the accuracy of the Federal

Reserve’s estimate of the burden of the

proposed information collection,

including the validity of the

methodology and assumptions used;

c. ways to enhance the quality, utility,

and clarity of the information to be

collected; and

d. ways to minimize the burden of

information collection on respondents,

including through the use of automated

collection techniques or other forms of

information technology.

DATES: Comments must be submitted on

or before December 26, 2000.

ADDRESSES: Comments, which should

refer to the OMB control number or

agency form number, should be

addressed to Jennifer J. Johnson,

Secretary, Board of Governors of the

Federal Reserve System, 20th and C

Streets, NW., Washington, DC 20551, or

mailed electronically to

regs.comments@federalreserve.gov.

Comments addressed to Ms. Johnson

also may be 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, NW. 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 261.14 of

the Board’s Rules Regarding Availability

of Information, 12 CFR 261.14(a).

A copy of the comments may also be

submitted to the OMB desk officer for

the Board: Alexander T. Hunt, Office of

Information and Regulatory Affairs,

Office of Management and Budget, New

Executive Office Building, Room 3208,

Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: A

copy of the proposed form and

instructions, the Paperwork Reduction

Act Submission (OMB 83–I), supporting

statement, and other documents that

will be placed into OMB’s public docket

files once approved may be requested

from the agency clearance officer, whose

name appears below. Mary M. West,

Chief, Financial Reports Section (202–

452–3829), Division of Research and

Statistics, Board of Governors of the

Federal Reserve System, Washington,

DC 20551. Telecommunications Device

for the Deaf (TDD) users may contact

Diane Jenkins, (202–452–3544), Board of

Governors of the Federal Reserve

System, Washington, DC 20551.

Proposal to approve under OMB

delegated authority the extension for

three years, without revision of the

following reports:

1. Report title: Domestic Branch

Notification.

Agency form number: FR 4001.

OMB control number: 7100–0097.

Frequency: On occasion.

Reporters: State member banks.

Annual reporting hours: 156 hours.

Estimated average hours per response:

30 minutes for expedited notifications;

1 hour for nonexpedited notifications.

Number of respondents: 169

expedited; 71 nonexpedited. Small

businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 321) and is not given confidential

treatment.

Abstract: The Federal Reserve System

requires a state member bank to file a

notification whenever it proposes to

establish a domestic branch. There is no

formal reporting form; banks notify the

Federal Reserve by letter prior to

making the proposed investment. The

Federal Reserve uses the information to

fulfill its statutory obligation to

supervise state member banks.

2. Report title: Investment in Bank

Premises Notification.

Agency form number: FR 4014.

OMB control number: 7100–0139.

Frequency: On occasion.

Reporters: State member banks.

Annual reporting hours: 3 hours.

Estimated average hours per response:

30 minutes.

Number of respondents: 5.

Small businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 371d) and is not given

confidential treatment.

Abstract: The Federal Reserve System

requires a state member bank to file a

notification whenever it proposes to

make an investment in bank premises

that results in its total bank premises

investment exceeding its capital stock

and surplus or, if the bank is well

capitalized and in good condition,

exceeding 150 percent of its capital

stock and surplus. There is no formal

reporting form; banks notify the Federal

Reserve by letter fifteen days prior to

making the proposed investment. The

Federal Reserve uses the information to

fulfill its statutory obligation to

supervise state member banks.

3. Report title: The Daily Report of

Dealer Activity in Treasury Financing.

Agency form number: FR 2004WI.

OMB control number: 7100–0003.

Frequency: Daily.

Reporters: Primary dealers in the U.S.

government securities market.

Annual reporting hours: 4,640 hours.

Estimated average hours per response:

1 hour.

Number of respondents: 29 dealers.

64444 Federal Register / Vol. 65, No. 209 / Friday, October 27, 2000 / Notices

Small businesses are affected.

General description of report: This

information collection is voluntary (12

U.S.C. 248 (a)(2), 353–359, and 461(c)).

Completing the FR 2004 reports by

nondepository institutions is not a

mandatory obligation, and it may be

deemed to be voluntary; however, it is

required to be completed by those

nondepository institution dealers who

desire to be primary dealers. Individual

respondent data are regarded as

confidential under the Freedom of

Information Act (5 U.S.C. 552(b)(4)).

Abstract: The FR 2004WI collects

daily information on a next-businessday basis on positions in to-be-issued

Treasury coupon securities, mainly the

trading on a when-issued delivery basis.

4. Report title: Semiannual Report of

Derivatives Activity.

Agency form number: FR 2436.

OMB control number: 7100–0286.

Frequency: Semiannual.

Reporters: large U.S. dealers of overthe-counter (OTC) derivatives.

Annual reporting hours: 1,800 hours.

Estimated average hours per response:

100.

Number of respondents: 9.

Small businesses are not affected.

General description of report: This

information collection is voluntary (12

U.S.C. 248 (a), 353–359, and 461) and is

given confidential treatment (5 U.S.C.

552(b)(4)).

Abstract: The FR 2436 collects

derivatives market statistics from a

sample of nine large U.S. dealers of

over-the-counter (OTC) derivatives. Data

are collected on notional amounts and

gross market values of the volumes of

broad categories of foreign exchange,

interest rate, equity- and commoditylinked OTC derivatives instruments

across a range of underlying currencies,

interest rates, and equity markets.

This collection of information

complements the ongoing triennial

Survey of Foreign Exchange and

Derivatives Market Activity (FR 3036).

The FR 2436 collects similar data on the

outstanding volume of derivatives, but

not on derivatives turnover. As with the

FR 3036, the Federal Reserve conducts

this report in coordination with other

central banks and forwards the

aggregated data furnished by U.S.

reporters to the Bank of International

Settlements (BIS), which publishes

global market statistics that are

aggregations of national data.

5. Report title: Reports Related to

Securities Issued by State Member

Banks as Required by Regulation H.

Agency form number: Reg H–1.

OMB control number: 7100–0091.

Frequency: On occasion.

Reporters: State member banks.

Annual reporting hours: 2,085 hours.

Estimated average hours per response:

5.11.

Number of respondents: 24.

Small businesses are not affected.

General description of report: This

information collection is mandatory (15

U.S.C. 781(i)) and is not given

confidential treatment.

Abstract: The Federal Reserve’s

Regulation H requires certain state

member banks to submit information

relating to their securities to the Board

of Governors of the Federal Reserve

System on the same forms that bank

holding companies and nonbank

entities use to submit similar

information to the Securities and

Exchange Commission (SEC). The

information is primarily used for public

disclosure and is available to the public

upon request.

Proposal to approve under OMB

delegated authority the extension for

three years, with revision of the

following reports:

1. Report title: The Government

Securities Dealers Reports: The Weekly

Report of Dealer Positions (FR 2004A),

The Weekly Report of Cumulative

Dealer Transactions (FR 2004B), The

Weekly Report of Dealer Financing and

Fails (FR 2004C), and The Weekly

Report of Specific Issues (FR 2004SI).

Agency form number: FR 2004.

OMB control number: 7100–0003.

Frequency: Weekly.

Reporters: Primary dealers in the U.S.

government securities market.

Annual reporting hours: 14,239 hours.

Estimated average hours per response:

FR 2004A, 1.5 hours; FR 2004B, 2 hours;

FR 2004 C 1.5 hours; FR 2004SI, 3

hours.

Number of respondents: 29 dealers.

Small businesses are affected.

General description of report: This

information collection is voluntary (12

U.S.C. 248 (a)(2), 353–359, and 461(c)).

Completing the FR 2004 reports by

nondepository institutions is not a

mandatory obligation, and it may be

deemed to be voluntary; however, it is

required to be completed by those

nondepository institution dealers who

desire to be primary dealers. Individual

respondent data are regarded as

confidential under the Freedom of

Information Act (5 U.S.C. 552(b)(4)).

Abstract: The FR 2004A collects data

as of Wednesday of each week on

dealers’ outright positions in Treasury

and other marketable debt securities as

well as their positions in futures and

options on underlying marketable debt

securities. The FR 2004B collects data

cumulated for the week ended

Wednesday on the volume of

transactions made by dealers in the

same instruments for which positions

are reported on the FR 2004A. The FR

2004C collects data as of Wednesday of

each week on the amounts of dealer

financing and fails. The FR 2004SI

collects data as of Wednesday of each

week on outright, financing, options,

and fails positions in current or on-therun issues. Under certain circumstances

FR 2004SI data can also be collected on

a daily basis for on-the-run and off-therun securities.

Current actions: The staff proposes

several revisions to the reports to

address changes in the market

conditions. Futures and options data are

being deleted from the FR 2004A, B, and

SI because few dealers report much

activity in this area and these data have

proved to be of limited use in market

surveillance. Items are being added to

the FR 2004A and B to gain a better

picture of the corporate securities

markets. Items are being consolidated

on the FR 2004C because the

transactions categories currently

reported have not provided significant

insight into the functioning of funding

markets and, therefore, add reporting

burden without adequate benefit. The

revised reporting forms would be

implemented as of July 4, 2001, and

would impose 22 percent less burden on

respondents.

Board of Governors of the Federal Reserve

System, October 23, 2000.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc. 00–27604 Filed 10–26–00; 8:45 am]

BILLING CODE 6210–01–P

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 13, 2000.