9766 Federal Register / Vol. 62, No. 42 / Tuesday, March 4, 1997 / Notices

TABLE 3.—PROPOSED CVP ANCILLARY SERVICES RATES—Continued

Ancillary service type Rate

Supplemental Reserve Service—is providing capacity that is not synchronized, but can be available to serve loads within ten minutesMonthly: $1.14 per kW-mo.

Weekly: $0.2688 per kW-wk.

Daily: $0.0384 per kW-day.

Hourly: $0.0016 per kWh.

Since the Proposed Rates constitute a

major rate adjustment as defined by the

procedures for public participation in

general rate adjustments, as cited below,

both a public information forum and a

public comment forum will be held.

After review of public comments,

Western will recommend the Proposed

Rates (and as amended) for approval on

an interim basis by the Deputy Secretary

of DOE.

Power and transmission rates for the

CVP are established pursuant to the

Department of Energy Organization Act

(42 U.S.C. 7101 et seq.) and the

Reclamation Act of 1902 (43 U.S.C. 371

et seq.), as amended and supplemented

by subsequent enactments, particularly

section 9(c) of the Reclamation Project

Act of 1939 (43 U.S.C. 485h(c)) and Acts

of Congress approved August 26, 1937

(50 Stat. 844, 850); August 12, 1955 (69

Stat. 719); and October 23, 1962 (76

Stat. 1173, 1191), and Acts amendatory

or supplementary thereof.

By Amendment No. 3 to Delegation

Order No. 0204–108, published

November 10, 1993 (58 FR 59716), the

Secretary of DOE delegated (1) the

authority to develop long-term power

and transmission rates on a

nonexclusive basis to the Administrator

of Western; (2) the authority to confirm,

approve, and place such rates into effect

on an interim basis to the Deputy

Secretary; and (3) the authority to

confirm, approve, and place into effect

on a final basis, to remand, or to

disapprove such rates to the FERC.

Existing DOE procedures for public

participation in power rate adjustments

(10 CFR Part 903) became effective on

September 18, 1985 (50 FR 37835).

Availability of Information

All brochures, studies, comments,

letters, memoranda, or other documents

made or kept by Western for developing

the Proposed Rates, are and will be

made available for inspection and

copying at the Sierra Nevada Region

Office, located at 114 Parkshore Drive,

Folsom, California 95630–4710.

Regulatory Procedure Requirements

Regulatory Flexibility Analysis

Pursuant to the Regulatory Flexibility

Act of 1980 (5 U.S.C. 601, et seq.), each

agency, when required to publish a

proposed rule, is further required to

prepare and make available for public

comment an initial regulatory flexibility

analysis to describe the impact of the

proposed rule on small entities. Western

has determined that (1) this rulemaking

relates to services offered by the Sierra

Nevada Region and therefore is not a

rule within the purview of the Act, and

(2) the proposed rates for the services

offered by the Sierra Nevada Region

would not cause an adverse economic

impact to such entities. The

requirements of this Act can be waived

if the head of the agency certifies that

the rule will not, if promulgated, have

a significant economic impact on a

substantial number of small entities. By

his execution of this Federal Register

notice, Western’s Administrator certifies

that no significant economic impact on

a substantial number of small entities

will occur.

Environmental Compliance

Pursuant to the National

Environmental Policy Act of 1969 (42

U.S.C. 4321 et seq.); the Council on

Environmental Quality Regulations for

implementing NEPA (40 CFR Parts 1500

through 1508); and the DOE NEPA

Implementing Procedures and

Guidelines (10 CFR Part 1021), Western

conducts environmental evaluations of

the proposed rates and develops the

appropriate level of environmental

documentation.

Review Under the Paperwork Reduction

Act

In accordance with the Paperwork

Reduction Act of 1980, 44 U.S.C. 3501–

3520, Western has received approval

from the Office of Management and

Budget for the collection of customer

information in this rule, under control

number 1910–1200.

Determination Under Executive Order

12866

DOE has determined that this is not

a significant regulatory action because it

does not meet the criteria of Executive

Order 12866, 58 FR 51735. Western has

an exemption from centralized

regulatory review under Executive

Order 12866; accordingly, no clearance

of this notice by Office of Management

and Budget is required.

Issued at Golden, Colorado, February 20,

1997.

J.M. Shafer,

Administrator.

[FR Doc. 97–5256 Filed 3–4–97; 8:45 am]

BILLING CODE 6450–01–P

FEDERAL COMMUNICATIONS

COMMISSION

[CC Docket No. 92–237]

Change in Time for March 11, 1997

Meeting of the North American

Numbering Council

AGENCY: Federal Communications

Commission.

ACTION: Notice.

SUMMARY: On February 27, 1997, the

Commission released a public notice

announcing a change in the time for the

March 11 meeting of the North

American Numbering Council (NANC).

The March 11 meeting and its agenda

had been announced in a public notice

published in the Federal Register on

February 26, 1997 (See 62 FR 8741). The

intended effect of this action is to make

the public aware that the time of the

March 11 NANC meeting has changed

from 9:30 A.M. EST, to 8:30 A.M. EST.

FOR FURTHER INFORMATION CONTACT:

Linda Simms, Administrative Assistant

of the NANC, (202) 418–2330. The

address is: Network Services Division,

Common Carrier Bureau, Federal

Communications Commission, 2000 M

Street, NW, Suite 235, Washington, D.C.

20054. The fax number is: (202) 418–

2345. The TTY number is: (202) 418–

0484.
Federal Register / Vol. 62, No. 42 / Tuesday, March 4, 1997 / Notices 9767

SUPPLEMENTARY INFORMATION: Released:

February 27, 1997. The FCC, in a Public

Notice released February 21, 1997, and

published in the Federal Register on

February 26, 1997 (See 62 FR 8741),

announced the March 11, 1997 meeting

of the North American Numbering

Council (NANC) and the agenda for this

meeting. The Public Notice stated that

the NANC meeting would commence at

9:30 A.M EST. The NANC has changed

the meeting time to 8:30 A.M. EST. The

meeting place, the Federal

Communications Commission, 1919 M

Street, NW, Room 856, Washington, DC,

remains the same.

Federal Communications Commission.

Geraldine A. Matise,

Chief, Network Services Division, Common

Carrier Bureau.

[FR Doc. 97–5348 Filed 3–3–97; 8:45 am]

BILLING CODE 6712–01–P

FEDERAL FINANCIAL INSTITUTIONS

EXAMINATION COUNCIL

Interagency Policy Statement

Regarding Uniform Guideline on

Internal Control for Foreign Exchange

in Commercial Banks

AGENCIES: Office of the Comptroller of

the Currency (OCC), Department of the

Treasury; Board of Governors of the

Federal Reserve System (FRB); and

Federal Deposit Insurance Corporation

(FDIC).

ACTION: Withdrawal of guideline.

SUMMARY: The OCC, FRB, and FDIC

(‘‘the Agencies’’) are withdrawing their

joint guideline entitled: ‘‘Interagency

Policy Statement Regarding Uniform

Guideline on Internal Control for

Foreign Exchange in Commercial

Banks,’’ dated May 22, 1980 (45 FR

42370, June 24, 1980) (‘‘the Guideline’’)

because it is considered outdated and

has been superseded by other

pronouncements from each of the

agencies.

EFFECTIVE DATE: The removal of the

Guideline is effective March 4, 1997.

FOR FURTHER INFORMATION CONTACT:

FRB: Michael Martinson, Assistant

Director, (202)/452–3640), or Joe

Sciortino, Supervisory Financial

Analyst, (202/452–2294), Board of

Governors of the Federal Reserve

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

Washington, D.C. 20551. FDIC: Christie Sciacca, Assistant

Director, (202/898–3638), Federal

Deposit Insurance Corporation, 550

17th St., N.W., Washington, D.C.

20429.

OCC: Leon Tarrant, Manager, (202/874–

4730), Office of the Comptroller of the

Currency, 250 E Street, S.W.,

Washington D.C. 20219.

SUPPLEMENTARY INFORMATION: The policy

set forth in the Guideline was developed

to provide uniformity among the

Agencies in establishing minimum

standards for documentation,

accounting, and auditing for foreign

exchange operations in U.S. commercial

banks. The Guideline was not intended

to be all encompassing as to policies

and procedures expected to be found in

the most active market participants.

Rather, it called for each bank to

develop a system of internal control

commensurate with the risks to which

it is exposed.

The Guideline has become outdated

in view of numerous changes that have

subsequently taken place, including: the

scope and depth of foreign exchange

trading activities in banks, new product

developments, significant

improvements in automated trading

systems, and the management of the

business along product lines. These

conditions prompted each agency to

issue subsequent pronouncements and

updated examination and/or policy

procedures for U.S. banks as well as for

foreign banks doing business in the

United States.

The Agencies’ Action

The Agencies hereby withdraw the

Guideline.

Dated: February 27, 1997.

Joe M. Cleaver,

Executive Secretary, Federal Financial

Institutions Examination Council.

[FR Doc. 97–5286 Filed 3–3–97; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL HOUSING FINANCE BOARD

[97–N–1]

Monthly Survey of Rates and Terms on

Conventional 1-Family Nonfarm

Mortgage Loans

AGENCY: Federal Housing Finance

Board.

ACTION: Request for comments.

SUMMARY: The Federal Housing Finance

Board (Finance Board) is seeking

comments on several aspects of its

Monthly Survey of Rates and Terms on

Conventional 1-Family Nonfarm

Mortgage Loans. The Finance Board

seeks comments on whether it should

continue to publish mortgage

information by lender type. If not, then

the Finance Board seeks comments on

whether the sampling and weighting

design for this survey should draw

lenders without regard to lender type. If

so, the Finance Board seeks suggestions

for alternative sampling and weighting

methodologies. The Finance Board also

seeks comments on the designation of

successor adjustable-rate mortgage

indexes if it decides to stop publishing

data by lender type.

DATES: Comments must be received by

April 18, 1997.

ADDRESSES: Mail comments to Elaine L.

Baker, Executive Secretary, Federal

Housing Finance Board, 1777 F Street,

N.W., Washington, D.C. 20006.

Comments will be available for

inspection at this address.

FOR FURTHER INFORMATION CONTACT:

Joseph A. McKenzie (202) 408–2845,

Associate Director, Office of Policy,

Federal Housing Finance Board, 1777 F

Street, N.W., Washington, D.C. 20006.

SUPPLEMENTARY INFORMATION:

A. Background

The Finance Board is responsible for

conducting the Monthly Survey of Rates

and Terms on Conventional 1-Family

Nonfarm Mortgage Loans. This survey,

usually called the ‘‘Monthly Interest

Rate Survey’’ or ‘‘MIRS,’’ asks a sample

of approximately 350 mortgage lenders

to report the terms and conditions on all

conventional mortgage loans for the

purchase of single-family, nonfarm

homes that they close during the last

five working days of the month. The

sample of lenders includes savings

associations, mortgage companies,

commercial banks, and savings banks

that have volunteered to participate in

the survey. MIRS provides national and

regional data on mortgage interest rates,

mortgage terms, and house prices. The

Finance Board’s regulations describe

MIRS more thoroughly. See 12 CFR

902.3.

From 1963 to September 1989, the

former Federal Home Loan Bank Board

conducted MIRS. Law requires the

Finance Board to conduct this survey.

The statutory mandate to conduct MIRS

appears in identical provisions in the

Federal National Mortgage Association

(Fannie Mae) Charter Act, 12 U.S.C.

1717(b)(2), and the Federal Home Loan

Mortgage Corporation (Freddie Mac)

Act, 12 U.S.C. 1454(a)(2). These

provisions allow the two agencies

annually to adjust the maximum size of

mortgage loans that they can purchase

or guarantee by the October-overOctober percentage price change in

house prices as reported in MIRS.

More recently, the 1994 Department

of Housing and Urban Development

(HUD) appropriation act tied the highcost area limits for Federal Housing

Administration (FHA)-insured

mortgages to the purchase-price

limitations of Fannie Mae and Freddie