12646 Federal Register / Vol. 62, No. 51 / Monday, March 17, 1997 / Notices

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 April 10, 1997.

A. Federal Reserve Bank of Cleveland

(R. Chris Moore, Senior Vice President)

1455 East Sixth Street, Cleveland, Ohio

44101-2566:

1. F.N.B. Corporation, Hermitage,

Pennsylvania; to acquire 15 percent of

the voting shares of Sun Bancorp, Inc.,

Selinsgrove, Pennsylvania, and thereby

indirectly acquire Sun Bank,

Selinsgrove, Pennsylvania.

In connection with this application,

Applicant also has applied to acquire

Pennsylvania Sun Life Insurance

Company, Phoenix, Arizona, and

thereby engage in providing credit life

and disability insurance exclusively to

customers of Sun Bank, Sun Bancorp,

Inc’s. bank subsidiary, pursuant to §

225.25(b)(8)(i) of the Board’s Regulation

Y.

B. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. GBC Bancorp, Inc., Lawrenceville,

Georgia; to become a bank holding

company by acquiring 100 percent of

the voting shares of Gwinnett Banking

Company, Lawrenceville, Georgia (in

organization).

2. Southern Security Financial

Corporation, Hollywood, Florida; to

become a bank holding company by

acquiring 100 percent of the voting

shares of Southern Security Bank

Corporation, Hollywood, Florida, and

thereby indirectly acquire Southern

Security Bank of Hollywood,

Hollywood, Florida.

Board of Governors of the Federal Reserve

System, March 11, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–6550 Filed 3–14–97; 8:45 am]

BILLING CODE 6210–01–F

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 April 11, 1997.

A. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480-2171:

1. Community First Bankshares, Inc.,

Fargo, North Dakota; to acquire 100

percent of the voting shares of KeyBank

National Association (Wyoming),

Cheyenne, Wyoming.

B. Federal Reserve Bank of Kansas

City (John E. Yorke, Senior Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198-0001:

1. MAXLOU Bancshares, Inc.,

Tahlequah, Oklahoma; to become a bank

holding company by acquiring 81.82

percent of the voting shares of First

State Bank, Tahlequah, Oklahoma.

In connection with this application,

Applicant also has applied to acquire

Liberty Finance, Inc., Tahlequah,

Oklahoma, and thereby engage in

operating as a consumer finance

company and as such, make and service

consumer loans, pursuant to § 225.25

(b)(1) of the Board’s Regulation Y.

C. Federal Reserve Bank of San

Francisco (Kenneth R. Binning,

Director, Bank Holding Company) 101

Market Street, San Francisco, California

94105-1579:

1. California Community LLC, Los

Angeles, California; to acquire 77

percent of the voting shares of First

Coastal Bancshares, El Segundo,

California, and thereby indirectly

acquire First Coastal Bank, N.A., El

Segundo, California.

2. First Coastal Bancshares, El

Segundo, California; to become a bank

holding company by acquiring 100

percent of the voting shares of First

Coastal Bank, N.A., El Segundo,

California.

Board of Governors of the Federal Reserve

System, March 12, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–6658 Filed 3-14-97; 8:45 am]

BILLING CODE 6210-01-F

Agency information collection

activities: Submission to OMB under

delegated authority

BACKGROUND

Notice is hereby given of the final

approval of proposed information

collections by the Board of Governors of

the Federal Reserve System (Board)

under OMB delegated authority, as per

5 CFR 1320.16 (OMB Regulations on

Controlling Paperwork Burdens on the

Public). 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.

FOR FURTHER INFORMATION CONTACT:

Chief, Financial Reports Section—Mary

M. McLaughlin—Division of Research

and Statistics, Board of Governors of

the Federal Reserve System,

Washington, DC 20551 (202-452-3829)

OMB Desk Officer—Alexander T.

Hunt—Office of Information and

Regulatory Affairs, Office of

Management and Budget, New

Executive Office Building, Room

3208, Washington, DC 20503 (202-

395-7860)

Final approval under OMB delegated

authority of the extension for three

years, with revision, of the following

reports:
Federal Register / Vol. 62, No. 51 / Monday, March 17, 1997 / Notices 12647

1. Report title: Application for

Employment with the Board of

Governors of the Federal Reserve

System (‘‘Application’’)

Agency form number: FR 28

OMB Control number: 7100-0181

Frequency: on occasion

Reporters: applicants for employment

with the Board

Annual reporting hours: 8,500

Estimated average hours per response:

1.0

Number of respondents: 8,500

Small businesses are not affected.

General description of report: This

information collection is required to

obtain or retain a benefit (12 U.S.C. 244

and 248(1)) and is given confidential

treatment under the Privacy Act (5

U.S.C. 552(a)) and the Freedom of

Information Act (5 U.S.C. 552(b)(2) and

(b)(6)).

Abstract: The purpose of the

Application is to collect information to

determine the qualifications, suitability,

and availability of applicants for

employment with the Board. The

Application asks about education,

training, employment, and other

information covering the period since

the applicant left high school.

Several items were substantively

revised. No items were deleted. The

Board revised the text of the

Application to comply with current law,

to reflect changes in societal language

preferences, and to reflect changes in

the Board’s Rules Regarding Equal

Opportunity.

2. Report title: Weekly Report of

Eurodollar Liabilities Held by Selected

U.S. Addressees at Foreign Offices of

U.S. Banks

Agency form number: FR 2050

OMB control number: 7100-0068

Frequency: Weekly

Reporters: Large foreign branches and

banking subsidiaries of U.S. banks

Annual reporting hours: 2,860

Estimated average hours per response:

1.0

Number of respondents: 54 branches, 1

subsidiary

Small businesses are not affected.

General description of report: This

information collection is voluntary (12

U.S.C. 248(a)(2), 353 et seq., 461, 602,

and 625) and is given confidential

treatment (5 U.S.C. 552(b)(4)).

Abstract: This report collects data on

overnight and term Eurodollars held by

certain U.S. residents in selected foreign

branches and subsidiaries of U.S.

commercial banks and Edge and

agreement corporations. The data are

used for the construction of the

Eurodollar component of the monetary

aggregates and for analysis of banks’

liability management practices.

The revised reporting threshold has

been raised from a weekly average of

$200 million to $350 million in

Eurodollar liabilities. Additions and

deletions to the reporting panel will be

made only annually. The number of

data items collected has been reduced

from 4 to 2. As a result of the

redefinition of the M2 monetary

aggregate in February 1996, the

overnight Eurodollar component of M2

was moved to the non-M2 component of

M3, where the term component

currently is included. Since the

separation of the two nonnegotiable

Eurodolllar items (overnight and term)

is no longer necessary, they have been

combined into a single item, and the

memorandum item has been dropped

from the report.

The revised report will be

implemented as of the reporting week

ending Monday, March 31, 1997.

3. Report title: Quarterly Report of

Assets and Liabilities of Large Foreign

Offices of U.S. Banks

Agency form number: FR 2502q

OMB control number: 7100-0079

Frequency: Quarterly

Reporters: Large foreign branches and

banking subsidiaries of U.S. banks

Annual reporting hours: 7,266

Estimated average hours per response:

3.5

Number of respondents: 483 branches,

36 subsidiaries

Small businesses are not affected.

General description of report: This

information collection is mandatory (12

U.S.C. 248(a)(2), 353 et seq., 461, 602,

and 625) and is given confidential

treatment (5 U.S.C. 552(b)(4)).

Abstract: This report collects assets

and liability information from foreign

branches and subsidiaries of U.S.

commercial banks and Edge and

agreement corporations. A separate

schedule collects information on

Eurodollar liabilities payable to certain

U.S. addressees. The data are used in

the construction of the monetary

aggregates and to monitor flows of funds

between banks and their branches. The

data also are combined with data from

other sources to develop a profile of the

total exposure of U.S. banks to

individual countries. Together with data

from the Department of the Treasury,

the FR 2502q provides information that

the Bank for International Settlements

compiles from all G-10 countries on

international banking market

developments. In addition, data from

the FR 2502q are used by the

Department of Commerce to estimate

the capital accounts portions of the

balance of payments.

The revised reporting threshold for

branches has been raised from $150

million to $500 million in total assets.

The number of data items collected on

the Eurodollar schedule has been

reduced from three to one, and updates

and clarifications were made to the

reporting form and instructions.

The revised report will be

implemented on the March 31, 1997, asof date.

Board of Governors of the Federal Reserve

System, March 11, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–6578 Filed 3–14–97; 8:45AM]

Billing Code 6210–01–F

FEDERAL TRADE COMMISSION

Granting of Request for Early

Termination of the Waiting Period

Under the Premerger Notification

Rules

Section 7A of the Clayton Act, 15

U.S.C. 18a, as added by Title II of the

Hart-Scott-Rodino Antitrust

Improvements Act of 1976, requires

persons contemplating certain mergers

or acquisitions to give the Federal Trade

Commission and the Assistant Attorney

General advance notice and to wait

designated periods before

consummation of such plans. Section

7A(b)(2) of the Act permits the agencies,

in individual cases, to terminate this

waiting period prior to its expiration

and requires that notice of this action be

published in the Federal Register.

The following transactions were

granted early termination of the waiting

period provided by law and the

premerger notification rules. The grants

were made by the Federal Trade

Commission and the Assistant Attorney

General for the Antitrust Division of the

Department of Justice. Neither agency

intends to take any action with respect

to these proposed acquisitions during

the applicable waiting period