Federal Register / Vol. 65, No. 223 / Friday, November 17, 2000 / Notices 69607

change to the regulation or to the

information collections embodied in the

regulation. The OCC requests only that

OMB renew its approval of the

information collections in the current

regulation.

The information requirements in 12

CFR part 5 are located as follows:

12 CFR 5.24(d)(2)(ii)(G)—Conversion:

An institution must identify all

subsidiaries that will be retained

following the conversion and provide

information and analysis of the

subsidiaries’ activities that would be

required if the converting bank or

savings association were a national bank

establishing each subsidiary pursuant to

sections 5.34 or 5.39. The OCC will use

the information to determine whether to

grant the financial institution’s request

to convert to a national charter.

12 CFR 5.33(e)(3)(i) and (ii)—Business

combinations: A national bank must

identify any subsidiary to be acquired in

a business combination and state the

activities of each subsidiary. A national

bank proposing to acquire, through a

business combination, a subsidiary of a

depository institution other than a

national bank must provide the same

information and analysis of the

subsidiary’s activities that would be

required if the applicant were

establishing the subsidiary pursuant to

sections 5.34 or 5.39.

The OCC needs this information

regarding the subsidiaries to be acquired

to determine whether to approve the

business combination. The OCC will use

this information to confirm that the

proposed activity is permissible for

operating subsidiaries and to ensure that

a bank proposing to conduct activities

through a financial subsidiary satisfies

relevant statutory criteria.

12 CFR 5.34—Operating subsidiaries:

A national bank must file a notice or

application to acquire or establish an

operating subsidiary, or to commence a

new activity in an existing operating

subsidiary. The application or notice

provides the OCC with needed

information regarding the activities and

location(s) of the operating subsidiaries.

The OCC will review the information to

determine whether proposed activities

are legally permissible, to ensure that

the proposal is consistent with safe and

sound banking practices and OCC

policy, and that it does not endanger the

safety and soundness of the parent

national banks.

12 CFR 5.35(f)(1) and (2)—Bank

service companies: Under section

5.35(f)(1), a national bank that intends

to make an investment in a bank service

company, or to perform new activities

in an existing bank service company,

must submit a notice to and receive

prior approval from the OCC.

Under section 5.35(f)(2), a national

bank that is ‘‘well capitalized’’ and

‘‘well managed’’ may invest in a bank

service company, or perform a new

activity in an existing bank service

company, by providing the appropriate

OCC district office written notice within

10 days after the investment, if the bank

service company engages only in the

activities listed in section 5.34(e)(5)(v).

The OCC will review after-the-fact

notices to confirm the permissibility of

the national bank’s investment in the

bank service company.

12 CFR 5.36(e)—Other equity

investments—Non-controlling

investments: A national bank may make

a non-controlling investment, directly or

through its operating subsidiary, in an

enterprise that engages in the activities

described in section 5.36(e)(2) by filing

a written notice. The OCC will use the

information provided in the notice to

confirm that the national bank is well

capitalized and well managed, and that

the bank meets the requirements

applicable to non-controlling

investments.

12 CFR 5.39—Financial subsidiaries:

A national must file a notice prior to

acquiring a financial subsidiary or

engaging in activities authorized

pursuant to section 5136A(a)(2)(A)(i) of

the Revised Statutes (12 U.S.C. 24a)

through a financial subsidiary. A

national bank that intends, directly or

indirectly, to acquire control of, or hold

an interest in, a financial subsidiary, or

to commence a new activity in an

existing financial subsidiary, must

obtain OCC approval through the

procedures set forth in sections

5.39(i)(1) and (2). The OCC will review

this information to ensure that a

proposal satisfies applicable statutory

criteria.

Type of Review: Extension, without

change, of a currently approved

collection.

Affected Public: Businesses or other

for-profit.

Estimated Number of Respondents:

587.

Estimated Total Annual Responses:

587.

Frequency of Response: On occasion.

Estimated Total Annual Burden: 587

burden hours.

OCC Contact: Jessie Dunaway,

Clearance Officer, (202) 874–5090,

Legislative and Regulatory Activities

Division, Attention: 1557–0215, Office

of the Comptroller of the Currency, 250

E Street SW, Washington, DC 20219.

OMB Desk Officer: Alexander Hunt,

(202) 395–7340, Paperwork Reduction

Project 1557–0215, Office of

Management and Budget, Room 10226,

New Executive Office Building,

Washington, DC 20503.

Comments: The Agencies have a

continuing interest in the public’s

opinion regarding collections of

information. Members of the public may

submit comments regarding any aspect

of these collections of information.

Dated: November 13, 2000.

Stuart Feldstein,

Assistant Director, Legislative & Regulatory

Activities Division.

[FR Doc. 00–29464 Filed 11–16–00; 8:45 am]

BILLING CODE 4810–33–P

DEPARTMENT OF THE TREASURY

Fiscal Service

Fee Schedule for the Transfer of U.S.

Treasury Book-Entry Securities Held

on the National Book-Entry System

AGENCY: Bureau of the Public Debt,

Fiscal Service, Department of the

Treasury.

ACTION: Notice.

SUMMARY: The Department of the

Treasury is announcing a new fee

schedule for the transfer of book-entry

securities maintained on the National

Book-Entry System (NBES). This fee

schedule will take effect on January 2,

2001. Based on the latest review of

costs, the new basic fee for a Treasury

book-entry security transfer will be

reduced $.02 for each transfer.

Concurrent with Treasury’s fee

reduction, the Federal Reserve will be

increasing the fee for the movement of

funds by $.02. These changes will result

in the combined fee for a Treasury

security transfer of $.70. The combined

fee is unchanged from CY 2000.

In addition to the basic fee, off-line

transfers have a surcharge. The

surcharge for an off-line Treasury bookentry transfer will be $25.00, increasing

$7.00 or 39%.

EFFECTIVE DATE: January 2, 2001.

FOR FURTHER INFORMATION CONTACT:

Edward C. Leithead, Director, Primary &

Secondary Market Fixed Income

Securities (Financing), Bureau of the

Public Debt, Suite 3014, 26 Federal

Plaza, New York, NY 10278, telephone

(212) 264–6358.

Diane M. Polowczuk, Government

Securities Specialist (Financing),

Bureau of the Public Debt, Room 510,

999 E Street NW., Washington, DC

20239–0001, telephone (202) 691–3550.

SUPPLEMENTARY INFORMATION: On

October 1, 1985, the Department of the

Treasury established a fee structure for

69608 Federal Register / Vol. 65, No. 223 / Friday, November 17, 2000 / Notices

the transfer of Treasury book-entry

securities maintained on NBES.

Based on the latest review of bookentry costs and volumes, Treasury will

decrease its basic fee and increase the

off-line surcharge from the levels

currently in effect. Beginning January 2,

2001, the basic fee will be $.63 for each

securities transfer and reversal sent and

received, a 3% fee reduction per

transfer. The current off-line surcharge

of $18.00 will increase to $25.00, a 39%

increase.

The basic transfer fee assessed to both

sends and receives reflects stability of

costs associated with the processing of

a security transfer. The increased offline surcharge reflects the additional

costs associated with the processing of

off-line security transfers.

The Treasury does not charge a fee for

account maintenance, the stripping and

reconstituting of Treasury securities, or

for wires associated with original issues,

or interest and redemption payments.

The Treasury currently absorbs these

costs and will continue to do so.

The fees described in this notice

apply only to the transfer of Treasury

book-entry securities held on NBES. The

Federal Reserve System assesses a fee to

recover the costs associated with the

processing of the funds component of

Treasury book-entry transfer messages,

as well as the costs of providing bookentry services for Government agencies

on NBES. Information concerning bookentry transfers of government agency

securities, which are priced by the

Federal Reserve System, is set out in a

separate Federal Register notice

published by the Board of Governors of

the Federal Reserve System elsewhere

in this issue of the Federal Register.

The following is the Treasury fee

schedule that will take effect on January

2, 2001, for the book-entry transfers on

NBES:

TREASURY-NBES FEE SCHEDULE 1 EFFECTIVE JANUARY 2, 2001

[In Dollars]

Transfer type Basic fee Off-line surcharge

Funds 2

movement

fee

Total fee

On-line transfer originated ............................................................................................... .63 .00 .07 .70

On-line transfer received ................................................................................................. .63 .00 .07 .70

On-line reversal transfer originated ................................................................................. .63 .00 .07 .70

On-line reversal transfer received ................................................................................... .63 .00 .07 .70

Off-line transfer originated ............................................................................................... .63 25.00 .07 25.70

Off-line transfer received ................................................................................................. .63 25.00 .07 25.70

Off-line account switch received ...................................................................................... .63 .00 .07 .70

Off-line reversal transfer originated ................................................................................. .63 25.00 .07 25.70

Off-line reversal transfer received ................................................................................... .63 25.00 .07 25.70

1The Treasury does not charge a fee for account maintenance, the stripping and reconstituting of Treasury securities, or the wires associated

with original issues, or interest and redemption payments. The Treasury currently absorbs these costs and will continue to do so. 2The funds movement fee is not a Treasury fee, but is charged by the Federal Reserve for the cost of moving funds associated with the transfer of a Treasury book-entry security.

Authority: 31 CFR 357.45

Dated: November 9, 2000.

Donald V. Hammond,

Fiscal Assistant Secretary.

[FR Doc. 00–29385 Filed 11–16–00; 8:45 am]

BILLING CODE 4810–35–P

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

[AC–04: OTS Nos. H–3683 and 00567]

Lawrence Financial Holdings, Inc.,

Ironton, OH; Approval of Conversion

Application

Notice is hereby given that on

November 13, 2000, the Director, Office

of Examination and Supervision, Office

of Thrift Supervision, or his designee,

acting pursuant to delegated authority,

approved the application of Lawrence

Federal Savings Bank, Ironton, Ohio, to

convert to the stock form of

organization. Copies of the application

are available for inspection at the

Dissemination Branch, Office of Thrift

Supervision, 1700 G Street, NW.,

Washington, DC 20552, and the Central

Regional Office, Office of Thrift

Supervision, 200 West Madison Street,

Suite 1300, Chicago, Illinois 60606.

Dated: November 14, 2000.

By the Office of Thrift Supervision.

Nadine Y. Washington,

Corporate Secretary.

[FR Doc. 00–29457 Filed 11–16–00; 8:45 am]

BILLING CODE 6720–01–M