6528 Federal Register / Vol. 65, No. 28 / Thursday, February 10, 2000 / Rules and Regulations

List of Subjects in 7 CFR Part 505

Agricultural research, Agriculture,

Libraries, Research, User fees.

For the reasons set out in the

preamble, chapter V of Title 7 of the

Code of Federal Regulations is amended

as set forth below:

Part 505 is added to read as follows:

PART 505—NATIONAL

AGRICULTURAL LIBRARY FEES FOR

LOANS AND COPYING

Sec.

505.1 Scope and purpose.

505.2 Fees for loans of materials in library

collections.

505.3 Fees for copying, duplicating, and

reproduction of materials in library

collections.

505.4 Reserved.

505.5 Reserved.

505.6 Payment of fees.

Authority: 5 U.S.C. 301; 7 U.S.C. 3125a.

§ 505.1 Scope and purpose.

These regulations establish fees for

loans, paper copying, duplication, or

reproduction of materials in the

collections of the National Agricultural

Library (NAL) within the United States

Department of Agriculture (USDA).

§ 505.2 Fees for loans of materials in

library collections.

(a) NAL will make loans of original

materials from its collections, and

charge fees for such loans, to other nonFederal and non-USDA libraries and

institutions in the United States and

Canada only. Loans will not be made

directly to individuals.

(b) Loans will be made at a flat fee of

$15.00 per loaned item.

(c) Cost for replacement of lost or

damaged items will be the actual cost to

purchase a replacement plus a $50.00

processing fee; or if the cost cannot be

determined, a flat rate of $75.00 for

monographs or $150.00 for audiovisuals

per item, plus a $50.00 processing fee.

(d) All services in this section will

incur a billing surcharge per invoice

generated in addition to the above fees

which may change as vendor’s charges

change. This fee, currently $10.00, is

billed as a direct cost recovery based on

charges to the library by the billing

vendor. Interlibrary loan requests

submitted by participants in the ILL Fee

Management (IFM) program under the

Online Computer Library Center, Inc.

(OCLC) will not incur the billing

surcharge as their activities will not

generate an invoice.

§ 505.3 Fees for paper copying,

duplicating, and reproduction of materials

in library collections.

(a) Photocopy reproduction of paper

copy will be set as a flat fee of $13.00

for domestic requests and $16.00 for

international requests for each

document requested with a maximum of

50 pages per article for copyright

compliance. Materials delivered to

international addresses via the Internet

will be charged at the domestic rate.

Photocopy reproduction of paper copy

that requires special handling due to

size or condition will incur special

handling fees to recover costs at $20.00

per half hour or fraction thereof.

(b) Paper copies of microfilm or

microfiche will be produced at a flat fee

of $13.00 for requests delivered

domestically and $16.00 for requests

requiring delivery to a international

address. This charge is for each

document requested with a maximum of

50 pages per article for copyright

compliance.

(c) Duplication of NAL owned

microfiche will be charged a flat fee of

$13.00 per each 5 microfiche duplicated

or fraction thereof. Duplication of NAL

owned microfilm will be charged a flat

fee of $20.00 for each reel produced.

(d) Photographic services from NAL

Special Collections will be charged at

cost for reproduction of the photo

product (slides, transparencies, etc.)

plus a preparation fee of $25.00 per half

hour or fraction thereof.

(e) All services in this section will

incur a billing surcharge, currently

$10.00, per invoice generated in

addition to the above fees. This fee is a

direct cost recovery based on charges to

the library by the billing vendor and is

subject to change. Interlibrary loan

requests submitted by participants in

the IFM program on OCLC will not

incur the billing surcharge as their

activities will not generate an invoice.

§ 505.4 Reserved.

§ 505.5 Reserved.

§ 505.6 Payment of fees.

Charges which include billing and

handling will be invoiced quarterly by

the National Technical Information

Service (NTIS) of the United States

Department of Commerce. The NAL

encourages users to establish deposit

accounts with NTIS. Payment for

services will be made by check, money

order or credit card in U.S. funds

directly to the NTIS upon receipt of

invoice from NTIS. Subject to a

reduction for the actual costs of

performing the invoicing service by

NTIS, all funds received will be

returned to NAL for credit to the

appropriations account charged with the

cost of processing the loan or copying

request.

Done at Washington, D.C.

Edward B. Knipling,

Acting Administrator, Agricultural Research

Service.

[FR Doc. 00–2875 Filed 2–9–00; 8:45 am]

BILLING CODE 3410–03–P

DEPARTMENT OF AGRICULTURE

Agricultural Marketing Service

7 CFR Part 985

[Docket No. FV00–985–3 IFR]

Marketing Order Regulating the

Handling of Spearmint Oil Produced in

the Far West; Revision of the Salable

Quantity and Allotment Percentage for

Class 3 (Native) Spearmint Oil for the

1999–2000 Marketing Year

AGENCY: Agricultural Marketing Service,

USDA.

ACTION: Interim final rule with request

for comments.

SUMMARY: This rule increases the

quantity of Class 3 (Native) spearmint

oil produced in the Far West that

handlers may purchase from, or handle

for, producers during the 1999–2000

marketing year. This interim final rule

increases the Native spearmint oil

salable quantity by 102,311 pounds

from 1,125,755 pounds to 1,228,066

pounds, and the allotment percentage

by 5 percent from 55 percent to 60

percent. The Spearmint Oil

Administrative Committee (Committee),

the agency responsible for local

administration of the marketing order

for spearmint oil produced in the Far

West, recommended this rule to avoid

extreme fluctuations in supplies and

prices and thus help to maintain

stability in the Far West spearmint oil

market.

DATES: Effective on February 11, 2000

through May 31, 2000; comments

received by April 10, 2000 will be

considered prior to issuance of a final

rule.

ADDRESSES: Interested persons are

invited to submit written comments

concerning this rule. Comments must be

sent to the Docket Clerk, Fruit and

Vegetable Programs, AMS, USDA, room

2525–S, P.O. Box 96456, Washington,

DC 20090–6456; Fax: (202) 720–5698, or

E-mail: moab.docketclerk@usda.gov. All

comments should reference the docket

number and the date and page number

of this issue of the Federal Register and

Federal Register / Vol. 65, No. 28 / Thursday, February 10, 2000 / Rules and Regulations 6529

will be made available for public

inspection in the Office of the Docket

Clerk during regular business hours.

FOR FURTHER INFORMATION CONTACT:

Robert J. Curry, Northwest Marketing

Field Office, Marketing Order

Administration Branch, Fruit and

Vegetable Programs, AMS, USDA, 1220

SW Third Avenue, room 369, Portland,

Oregon 97204–2807; telephone: (503)

326–2724, Fax: (503) 326–7440; or

George Kelhart, Technical Advisor,

Marketing Order Administration

Branch, Fruit and Vegetable Programs,

AMS, USDA, room 2525–S, P.O. Box

96456, Washington, DC 20090–6456;

telephone: (202) 720–2491, Fax: (202)

720–5698.

Small businesses may request

information on complying with this

regulation by contacting Jay Guerber,

Marketing Order Administration

Branch, Fruit and Vegetable Programs,

AMS, USDA, room 2525–S, P.O. Box

96456, Washington, DC 20090–6456;

telephone (202) 720–2491; Fax: (202)

720–5698, or E-mail:

Jay.Guerber@usda.gov.

SUPPLEMENTARY INFORMATION: This rule

is issued under Marketing Order No.

985 (7 CFR Part 985), regulating the

handling of spearmint oil produced in

the Far West (Washington, Idaho,

Oregon, and designated parts of Nevada,

and Utah), hereinafter referred to as the

‘‘order.’’ This order is effective under

the Agricultural Marketing Agreement

Act of 1937, as amended (7 U.S.C. 601–

674), hereinafter referred to as the

‘‘Act.’’

The Department of Agriculture

(Department) is issuing this rule in

conformance with Executive Order

12866.

This rule has been reviewed under

Executive Order 12988, Civil Justice

Reform. Under the provisions of the

marketing order now in effect, salable

quantities and allotment percentages

may be established for classes of

spearmint oil produced in the Far West.

This rule increases the quantity of

Native spearmint oil produced in the

Far West that may be purchased from or

handled for producers by handlers

during the 1999–2000 marketing year,

which ends on May 31, 2000. This rule

will not preempt any State or local laws,

regulations, or policies, unless they

present an irreconcilable conflict with

this rule.

The Act provides that administrative

proceedings must be exhausted before

parties may file suit in court. Under

section 608c(15)(A) of the Act, any

handler subject to an order may file

with the Secretary a petition stating that

the order, any provision of the order, or

any obligation imposed in connection

with the order is not in accordance with

law and request a modification of the

order or to be exempted therefrom. A

handler is afforded the opportunity for

a hearing on the petition. After the

hearing the Secretary would rule on the

petition. The Act provides that the

district court of the United States in any

district in which the handler is an

inhabitant, or has his or her principal

place of business, has jurisdiction to

review the Secretary’s ruling on the

petition, provided an action is filed not

later than 20 days after the date of the

entry of the ruling.

The U.S. production of spearmint oil

is concentrated in the Far West,

primarily Washington, Idaho, and

Oregon (part of the area covered by the

order). Spearmint oil is also produced in

the Midwest. The production area

covered by the order normally accounts

for approximately 63 percent of the

annual U.S. production of Scotch

spearmint oil and approximately 93

percent of the annual U.S. production of

Native spearmint oil.

This rule increases the quantity of

Native spearmint oil that handlers may

purchase from, or handle for, producers

during the 1999–2000 marketing year,

which ends on May 31, 2000. This rule

increases the salable quantity from

1,125,755 pounds to 1,128,066 pounds

and the allotment percentage from 55

percent to 60 percent for Native

spearmint oil for the 1999–2000

marketing year.

The salable quantity is the total

quantity of each class of oil that

handlers may purchase from, or handle

for, producers during a marketing year.

The salable quantity calculated by the

Committee is based on the estimated

trade demand. The total salable quantity

is divided by the total industry

allotment base to determine an

allotment percentage. Each producer is

allotted a share of the salable quantity

by applying the allotment percentage to

the producer’s individual allotment base

for the applicable class of spearmint oil.

The initial salable quantity and

allotment percentages for Scotch and

Native spearmint oils for the 1999–2000

marketing year were recommended by

the Committee at its October 7, 1998,

meeting. The Committee recommended

salable quantities of 1,199,190 pounds

and 1,125,755 pounds, and allotment

percentages of 65 percent and 55

percent, respectively, for Scotch and

Native spearmint oils. A proposed rule

was published in the November 17,

1998, issue of the Federal Register (63

FR 63804). A final rule establishing the

salable quantities and allotment

percentages for Scotch and Native

spearmint oils for the 1999–2000

marketing year was published in the

January 19, 1999, issue of the Federal

Register (64 FR 2799).

Pursuant to authority contained in

sections 985.50, 985.51, and 985.52 of

the order, at its January 13, 2000,

meeting, the Committee unanimously

recommended that the allotment

percentage for Native spearmint oil for

the 1999–2000 marketing year be

increased by 5 percent from 55 percent

to 60 percent. Taking into consideration

the following discussion on adjustments

to the Native spearmint oil salable

quantity, the 1999–2000 marketing year

salable quantity of 1,125,755 pounds

will therefore be increased to 1,228,066

pounds.

The original total industry allotment

base for Native spearmint oil for the

1999–2000 marketing year was

established at 2,046,828 pounds and

was revised during the year to 2,046,214

pounds to reflect a loss of 614 pounds

of base due to non-production of some

producers’ total annual allotments.

When the revised total allotment base of

2,046,214 pounds is applied to the

originally established allotment

percentage of 55, the 1999–2000

marketing year salable quantity of

1,125,755 pounds is effectively

modified to 1,125,418 pounds.

By increasing the salable quantity and

allotment percentage, this rule makes an

additional amount of Native spearmint

oil available by releasing such oil from

the reserve pool. When applied to each

individual producer, the 5 percent

allotment percentage increase allows

each producer to take up to an amount

equal to 5 percent of their allotment

base from their Native spearmint oil

reserve. If a producer does not have any

reserve pool oil, or has less than 5

percent of their allotment base in the

reserve pool, the increase in allotment

percentage will actually make less than

such amount available to the market.

Currently, producers receiving 10,020

pounds of additional allotment through

this increase do not have any Native

spearmint oil in reserve. Thus, rather

than 102,311 additional pounds, this

action effectively makes an additional

92,291 pounds of Native spearmint oil

available to the market.

The following table summarizes the

Committee recommendation:

Native Spearmint Oil Recommendation

(A) Estimated 1999–2000 Allotment

Base—2,046,828 pounds. This is the

figure the original 1999–2000 salable

quantities and allotment percentages

were based on.

(B) Revised 1999–2000 Allotment

Base—2,046,214 pounds. This is 614

6530 Federal Register / Vol. 65, No. 28 / Thursday, February 10, 2000 / Rules and Regulations

pounds less than the estimated

allotment base. This is less because

some producers failed to produce all of

their previous year’s allotment.

(C) Initial 1999–2000 Allotment

Percentage—55 percent.

(D) Initial 1999–2000 Salable

Quantity—1,125,755 pounds. This

figure is 55 percent of 2,046,828

pounds.

(E) Initial Adjustment to the 1999–

2000 Salable Quantity—1,125,418

pounds. This figure reflects the salable

quantity available after the beginning of

the 1999–2000 marketing year due to

the 614 pound reduction in the industry

allotment base to 2,046,214 pounds.

(F) Increase in Allotment

Percentage—5 percent. This percentage

increase was recommended by the

Committee at its January 13, 2000,

meeting.

(G) Revised 1999–2000 Allotment

Percentage—60 percent. This figure is

derived by adding the 5 percent increase

to the initial 1999–2000 allotment

percentage of 55 percent.

(H) Computed Increase in the 1999–

2000 Salable Quantity—102,311

pounds. This is the product of the

revised 1999–2000 allotment base of

2,046,214 and the 5 percent increase.

(I) Revised 1999–2000 Salable

Quantity—1,228,066 pounds. This

figure is 60 percent of the estimated

1999–2000 allotment base of 2,046,214

pounds.

(J) Effective Increase in the 1999–2000

Salable Quantity—92,291 pounds. This

figure represents the amount of Native

spearmint oil actually being made

available by this action based on the

adjustments described herein.

In making this latest recommendation,

the Committee considered all available

information on supply and demand. The

1999–2000 marketing year began on

June 1, 1999. Handlers have indicated

that with this action, the available

supply of both Scotch and Native

spearmint oils appears adequate to meet

anticipated demand through May 31,

2000. Without the increase, the

Committee believes the industry would

not be able to meet market needs. As of

January 13, 2000, approximately 25,000

pounds of Native spearmint oil was

available for market. The average for

sales of Native spearmint oil from

January 1 to May 31 over the past 5

years is 208,994 pounds. However,

average sales for the period June 1

through December 31 for the past 5

years are 953,978 pounds. The Far West

spearmint oil industry has sold

1,206,290 pounds of Native spearmint

oil through January 13, 2000. Therefore,

based on past history the industry may

require at least about 40,000 additional

pounds of Native to meet the five year

average annual market demand. This

action has the effect of adding 92,291

pounds of Native spearmint oil to the

amount available for market, bringing

the total available supply for the period

January 13 through May 31, 2000, up to

approximately 117,300 pounds.

The Department, based on its analysis

of available information, has determined

that the salable quantity and allotment

percentage for Native spearmint oil for

the 1999–2000 marketing year should be

increased to 1,228,066 and 60 percent,

respectively.

This rule relaxes the regulation of

Native spearmint oil and will allow

growers to meet market needs and

improve returns. In conjunction with

the issuance of this rule, the

Committee’s revised marketing policy

statement for the 1999–2000 marketing

year has been reviewed by the

Department. The Committee’s marketing

policy statement, a requirement

whenever the Committee recommends

implementing volume regulations or

recommends revisions to existing

volume regulations, meets the intent of

section 985.50 of the order. During its

discussion of revising the 1999–2000

salable quantities and allotment

percentages, the Committee considered:

(1) The estimated quantity of salable oil

of each class held by producers and

handlers; (2) the estimated demand for

each class of oil; (3) prospective

production of each class of oil; (4) total

of allotment bases of each class of oil for

the current marketing year and the

estimated total of allotment bases of

each class for the ensuing marketing

year; (5) the quantity of reserve oil, by

class, in storage; (6) producer prices of

oil, including prices for each class of oil;

and (7) general market conditions for

each class of oil, including whether the

estimated season average price to

producers is likely to exceed parity.

Conformity with the Department’s

‘‘Guidelines for Fruit, Vegetable, and

Specialty Crop Marketing Orders’’ has

also been reviewed and confirmed.

The increase in the Native spearmint

oil salable quantity and allotment

percentage allows for anticipated market

needs for this class of oil. In

determining anticipated market needs,

consideration by the Committee was

given to historical sales, and changes

and trends in production and demand.

Pursuant to requirements set forth in

the Regulatory Flexibility Act (RFA), the

AMS has considered the economic

impact of this action on small entities.

Accordingly, the AMS has prepared this

initial regulatory flexibility analysis.

The purpose of the RFA is to fit

regulatory actions to the scale of

business subject to such actions in order

that small businesses will not be unduly

or disproportionately burdened.

Marketing orders issued pursuant to the

Act, and rules issued thereunder, are

unique in that they are brought about

through group action of essentially

small entities acting on their own

behalf. Thus, both statutes have small

entity orientation and compatibility.

There are 7 spearmint oil handlers

subject to regulation under the

marketing order and approximately 119

producers of Scotch spearmint oil and

105 producers of Native spearmint oil in

the regulated production area. Small

agricultural service firms are defined by

the Small Business Administration

(SBA) (13 CFR 121.201) as those having

annual receipts of less than $5,000,000,

and small agricultural producers have

been defined as those whose annual

receipts are less than $500,000.

Based on the SBA’s definition of

small entities, the Committee estimates

that 2 of the 7 handlers regulated by the

order could be considered small

entities. Most of the handlers are large

corporations involved in the

international trading of essential oils

and the products of essential oils. In

addition, the Committee estimates that

25 of the 119 Scotch spearmint oil

producers and 7 of the 105 Native

spearmint oil producers would be

classified as small entities under the

SBA definition. Thus, a majority of

handlers and producers of Far West

spearmint oil may not be classified as

small entities.

The Far West spearmint oil industry

is characterized by producers whose

farming operations generally involve

more than one commodity, and whose

income from farming operations is not

exclusively dependent on the

production of spearmint oil. Crop

rotation is an essential cultural practice

in the production of spearmint oil for

weed, insect, and disease control. A

normal spearmint oil producing

operation would have enough acreage

for rotation such that the total acreage

required to produce the crop would be

about one-third spearmint and twothirds rotational crops. An average

spearmint oil producing farm would

thus have to have considerably more

acreage than would be planted to

spearmint during any given season. To

remain economically viable with the

added costs associated with spearmint

oil production, most spearmint oil

producing farms would fall into the

category of large businesses.

Small spearmint oil producers

represent a minority of farming

operations and are more vulnerable to

market fluctuations. Such small farmers

Federal Register / Vol. 65, No. 28 / Thursday, February 10, 2000 / Rules and Regulations 6531

generally need to market their entire

annual crop and do not have the

resources to cushion seasons with poor

spearmint oil returns. Conversely, large

diversified producers have the potential

to endure one or more seasons of poor

spearmint oil markets because of

stronger incomes from alternate crops

which could support the operation for a

period of time. Despite the advantage

larger producers may have, increasing

the Native salable quantity and

allotment percentage will help both

large and small producers by improving

returns.

Based on projections available at the

meeting, the Committee considered

alternatives to the 5 percent increase.

The Committee not only considered

leaving the salable quantity and

allotment percentage unchanged, but

also looked at various increases ranging

from 1 percent to 15 percent. The

Committee reached its recommendation

to increase the salable quantity and

allotment percentage for Native

spearmint oil after careful consideration

of all available information, and

believes that the level recommended

will achieve the objectives sought.

Without the increase, the Committee

believes the industry would not be able

to meet market needs. As of January 13,

2000, approximately 25,000 pounds of

Native spearmint oil was available for

market. The past 5-year average of

Native spearmint oil sales from January

1 to May 31 is 208,994 pounds, whereas

the 5-year average for the period June 1

through December 31 is 953,978

pounds. The Far West spearmint oil

industry has sold 1,206,290 pounds of

Native spearmint oil this season through

January 13, 2000. Therefore, based on

historical sales the industry may require

about 40,000 additional pounds of

Native oil to meet the five-year average

annual market demand. This action has

the effect of adding 92,291 pounds of

Native spearmint oil to the amount

available for market, bringing the total

available supply for the period January

13 through May 31, 2000, up to

approximately 117,300 pounds.

Annual salable quantities and

allotment percentages have been issued

for both classes of spearmint oil since

the order’s inception. Reporting and

recordkeeping requirements have

remained the same for each year of

regulation. Accordingly, this action will

not impose any additional reporting or

recordkeeping requirements on either

small or large spearmint oil producers

and handlers. All reports and forms

associated with this program are

reviewed periodically in order to avoid

unnecessary and duplicative

information collection by industry and

public sector agencies. The Department

has not identified any relevant Federal

rules that duplicate, overlap, or conflict

with this rule.

Finally, the Committee’s meeting was

widely publicized throughout the

spearmint oil industry and all interested

persons were invited to attend and

participate on all issues. Interested

persons are also invited to submit

information on the regulatory and

informational impacts of this action on

small businesses.

A small business guide on complying

with fruit, vegetable, and specialty crop

marketing agreements and orders may

be viewed at the following website:

http://www.ams.usda.gov/fv/

moab.html. Any questions about the

compliance guide should be sent to Jay

Guerber at the previously mentioned

address in the FURTHER INFORMATION

CONTACT section.

After consideration of all relevant

matter presented, including that

contained in the prior proposed and

final rules in connection with the

establishment of the salable quantities

and allotment percentages for Scotch

and Native spearmint oils for the 1999–

2000 marketing year, the Committee’s

recommendation and other available

information, it is found that to revise

section 985.218 (42 FR 2799) to change

the salable quantity and allotment

percentage for Native spearmint oil, as

hereinafter set forth, will tend to

effectuate the declared policy of the Act.

This rule invites comments on a

revision to the salable quantity and

allotment percentage for Native

spearmint oil for the 1999–2000

marketing year. A 60–day comment

period is provided. Any comments

received will be considered prior to

finalization of this rule.

Pursuant to 5 U.S.C. 553, it is also

found and determined upon good cause

that it is impracticable, unnecessary,

and contrary to the public interest to

give preliminary notice prior to putting

this rule into effect and that good cause

exists for not postponing the effective

date of this rule until 30 days after

publication in the Federal Register

because: (1) This rule increases the

quantity of Native spearmint oil that

may be marketed during the marketing

year which ends on May 31, 2000; (2)

the current quantity of Native spearmint

oil may be inadequate to meet demand

for the remainder of the season, thus

making the additional oil available as

soon as is practicable is beneficial to

both handlers and producers; (3) the

Committee unanimously recommended

this change at a public meeting and

interested parties had an opportunity to

provide input; and (4) this rule provides

a 60-day comment period and any

comments received will be considered

prior to finalization of this rule.

List of Subjects in 7 CFR Part 985

Marketing agreements, Oils and fats,

Reporting and recordkeeping

requirements, Spearmint oil.

For the reasons set forth in the

preamble, 7 CFR part 985 is amended as

follows:

PART 985—MARKETING ORDER

REGULATING THE HANDLING OF

SPEARMINT OIL PRODUCED IN THE

FAR WEST

1. The authority citation for 7 CFR

Part 985 continues to read as follows:

Authority: 7 U.S.C. 601–674.

2. Section 985.218 is amended by

republishing the introductory text and

revising paragraph (b) to read as follows:

[Note: This section will not appear in the

annual Code of Federal Regulations.]

§ 985.218 Salable quantities and allotment

percentages–1999–2000 marketing year.

The salable quantity and allotment

percentage for each class of spearmint

oil during the marketing year beginning

on June 1, 1999, shall be as follows:

* * * * *

(b) Class 3 (Native) oil—a salable

quantity of 1,288,066 pounds and an

allotment percentage of 60 percent.

Dated: February 4, 2000.

Robert C. Keeney,

Deputy Administrator, Fruit and Vegetable

Programs.

[FR Doc. 00–3041 Filed 2–9–00; 8:45 am]

BILLING CODE 3401–02–P

FEDERAL RESERVE SYSTEM

12 CFR Part 201

[Regulation A]

Extensions of Credit by Federal

Reserve Banks; Change in Discount

Rate

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Final rule.

SUMMARY: The Board of Governors has

amended its Regulation A on Extensions

of Credit by Federal Reserve Banks to

reflect its approval of an increase in the

basic discount rate at each Federal

Reserve Bank. The Board acted on

requests submitted by the Boards of

Directors of the twelve Federal Reserve

Banks.

DATES: The amendments to part 201

(Regulation A) were effective February