20410 Federal Register / Vol. 63, No. 79 / Friday, April 24, 1998 / Notices

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. The application also will 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 May 18, 1998.

A. Federal Reserve Bank of

Richmond (A. Linwood Gill III,

Assistant Vice President) 701 East Byrd

Street, Richmond, Virginia 23261-4528:

1. BB&T Corporation, Winston-Salem,

North Carolina; to acquire 100 percent

of the voting shares of BB&T Bankcard

Corporation, Columbus, Georgia (in

organization).

Board of Governors of the Federal Reserve

System, April 20, 1998.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 98–10892 Filed 4–23–98; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL RESERVE SYSTEM

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. The application also will 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 May 21, 1998.

A. Federal Reserve Bank of New

York (Betsy Buttrill White, Senior Vice

President) 33 Liberty Street, New York,

New York 10045-0001:

1. The K&Z Company LLC, Brooklyn,

New York; to become a bank holding

company by acquiring at least 51

percent, but no more than 75 percent, of

the voting shares of The First National

Bank of Lisbon, Rochester, New York.

B. Federal Reserve Bank of Cleveland

(Paul Kaboth, Banking Supervisor) 1455

East Sixth Street, Cleveland, Ohio

44101-2566:

1. Hometown Bancshares, Inc.,

Middlebourne, West Virginia; to become

a bank holding company by acquiring

100 percent of the voting shares of

Union Bank of Tyler County,

Middlebourne, West Virginia.

C. Federal Reserve Bank of San

Francisco (Maria Villanueva, Manager

of Analytical Support, Consumer

Regulation Group) 101 Market Street,

San Francisco, California 94105-1579:

1. Jefferson State Bancorp, Medford,

Oregon; to become a bank holding

company by acquiring 100 percent of

the voting shares of Bank of Southern

Oregon, Medford, Oregon.

Board of Governors of the Federal Reserve

System, April 21, 1998.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 98–10993 Filed 4–23–98; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and

Mergers of Bank Holding Companies;

Correction

This notice corrects a notice (FR Doc.

98-10365) published on pages 19493

and 19494 of the issue for Monday,

April 20, 1998.

Under the Federal Reserve Bank of

Boston heading, the entry for New

England Community Bancor, Inc.,

Windsor, Connecticut, is revised to read

as follows:

A. Federal Reserve Bank of Boston

(Richard Walker, Community Affairs

Officer) 600 Atlantic Avenue, Boston,

Massachusetts 02106-2204:

1. New England Community Bancorp,

Inc., Windsor, Connecticut; to acquire

100 percent of the voting shares of Olde

Port Bank & Trust Company,

Portsmouth, New Hampshire.

Comments on this application must

be received by May 15, 1998.

Board of Governors of the Federal Reserve

System, April 21, 1998.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 98–10994 Filed 4–23–98; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL RESERVE SYSTEM

Notice of Proposals to Engage in

Permissible Nonbanking Activities or

to Acquire Companies that are

Engaged in Permissible Nonbanking

Activities

The companies listed in this notice

have given notice under section 4 of the

Bank Holding Company Act (12 U.S.C.

1843) (BHC Act) and Regulation Y, (12

CFR Part 225) to engage de novo, or to

acquire or control voting securities or

assets of a company, including the

companies listed below, that engages

either directly or through a subsidiary or

other company, in a nonbanking activity

that is listed in § 225.28 of Regulation

Y (12 CFR 225.28) or that the Board has

determined by Order to be closely

related to banking and permissible for

bank holding companies. Unless

otherwise noted, these activities will be

conducted throughout the United States.

Each notice is available for inspection

at the Federal Reserve Bank indicated.

The notice also will be available for

inspection at the offices of the Board of

Governors. Interested persons may

express their views in writing on the

question whether the proposal complies

with the standards of section 4 of the

BHC Act.

Unless otherwise noted, comments

regarding the applications must be

received at the Reserve Bank indicated

or the offices of the Board of Governors

not later than May 11, 1998.

A. Federal Reserve Bank of New

York (Betsy Buttrill White, Senior Vice

President) 33 Liberty Street, New York,

New York 10045-0001:

1. Bayerische Vereinsbank AG,

Munich, Federal Republic of Germany;

to acquire VB Structured Finance, Inc.,

New York, New York, and thereby
Federal Register / Vol. 63, No. 79 / Friday, April 24, 1998 / Notices 20411

engage in leasing activities, pursuant to

§ 225.28(b)(3) of the Board’s Regulation

Y; and in advisory activities, pursuant

to § 225.28(b)(6)(iii) of the Board’s

Regulation Y.

Board of Governors of the Federal Reserve

System, April 21, 1998.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 98–10992 Filed 4–23–98; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL RESERVE SYSTEM

Sunshine Act Meeting

AGENCY HOLDING THE MEETING: Board of

Governors of the Federal Reserve

System.

TIME AND DATE: 10:00 a.m., Wednesday,

April 29, 1998.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, 20th and C

Streets, N.W., Washington, D.C. 20551.

STATUS: Closed.

MATTERS TO BE CONSIDERED:

1. Personnel actions (appointments,

promotions, assignments,

reassignments, and salary actions)

involving individual Federal Reserve

System employees.

2. Any matters carried forward from a

previously announced meeting.

CONTACT PERSON FOR MORE INFORMATION:

Joseph R. Coyne, Assistant to the Board;

202–452–3204.

SUPPLEMENTARY INFORMATION: You may

call 202–452–3206 beginning at

approximately 5 p.m. two business days

before the meeting for a recorded

announcement of bank and bank

holding company applications

scheduled for the meeting; or you may

contact the Board’s Web site at http://

www.bog.frb.fed.us for an electronic

announcement that not only lists

applications, but also indicates

procedural and other information about

the meeting.

Dated: April 22, 1998.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 98–11064 Filed 4–22–98; 10:14 am]

BILLING CODE 6210–01–P

OFFICE OF GOVERNMENT ETHICS

Proposed Extension and Clearance of

Information Collections Under the

Paperwork Reduction Act; Comment

Request for the Updated Model

Qualified Trust Certificates and

Documents

AGENCY: Office of Government Ethics

(OGE).

ACTION: Notice.

SUMMARY: After this first round notice

and comment period, OGE plans to

submit updated executive branch

qualified trust model certificates and

draft documents for three-year extension

of Office of Management and Budget

(OMB) approval under the Paperwork

Reduction Act. In addition, OGE intends

to submit, as part of the same overall

package, a new set of model blind trust

communications formats for paperwork

review and approval for the first time.

In all, a total of twelve OGE model

certificates and documents are involved.

DATES: Comments by the public and

agencies on this proposed paperwork

extension and clearance notice are

invited and should be received by July

8, 1998.

ADDRESSES: Comments should be sent to

William E. Gressman, Associate General

Counsel, Office of Government Ethics,

Suite 500, 1201 New York Avenue,

NW., Washington, DC 20005–3917.

Comments may also be sent

electronically to OGE’s Internet E-mail

address at usoge@oge.gov (for E-mail

messages, the subject line should

include the following reference—

‘‘Qualified trust model certificates and

draft documents paperwork comment’’).

FOR FURTHER INFORMATION CONTACT: Mr.

Gressman at the Office of Government

Ethics; telephone: 202–208–8000, ext.

1110; TDD: 202–208–8025; FAX: 202–

208–8037. A copy of all of the draft

updated model trust documents and

certificates may be obtained, without

charge, by contacting Mr. Gressman.

SUPPLEMENTARY INFORMATION: The Office

of Government Ethics, as the

supervising ethics office for the

executive branch of the Federal

Government under the Ethics in

Government Act of 1978 (the ‘‘Ethics

Act’’), is the sponsoring agency for

model certificates and draft trust

documents for qualified blind and

diversified trusts of executive branch

officials set up under section 102(f) of

the Ethics Act, 5 U.S.C. app., § 102(f),

and OGE’s implementing financial

disclosure regulations at subpart D of 5

CFR part 2634. Approval of OGE can be

sought by Presidential nominees to

executive branch positions subject to

Senate confirmation and any other

executive branch officials for Ethics Act

qualified blind or diversified trusts. The

various model certificates and trust

documents are utilized by OGE and

settlors, trustees and other fiduciaries in

establishing and administering the

qualified trusts.

The Office of Government Ethics is

planning to submit, after this first round

notice and comment period, updated

versions of eleven qualified trust

certificates and model documents (all

included under OMB control number

3209–0007) for a three-year extension of

approval by OMB under the Paperwork

Reduction Act of 1995 (44 U.S.C.

chapter 35). At that time, OGE will

publish a second paperwork notice in

the Federal Register to inform the

public and the agencies. The current

paperwork approval for the certificates

and model documents is scheduled to

expire at the end of August 1998. The

proposed updating changes are minor

improvements to the various forms that

result from practice with the qualified

trust program over the past several

years.

In addition, OGE has determined that

a new twelfth model forms set, entitled

Blind Trust Communications (Expedited

Procedure for Securing Approval of

Proposed Communications) and which

consists of standard trustee reporting

formats and instructions for

communicating with OGE, will be of

value in administering the Ethics Act

qualified trust program. Accordingly,

OGE will seek initial three-year

paperwork approval therefor from OMB.

Furthermore, OGE proposes to make a

revision to the procedural paperwork

notices to all of the model certificates

and draft trust documents. Pursuant to

the 1995 revisions to the Paperwork

Reduction Act, OGE would add a

statement to the model forms that an

agency may not conduct or sponsor, and

no person is required to respond to, a

collection of information unless it

displays a currently valid OMB control

number. A parenthetical reference

would also be made to the location of

that number (on the top of the first page

or in the heading of the various model

documents). The caption of the public

burden information section would be

changed to indicate the inclusion of the

Paperwork Reduction Act statement as

well. In addition, OGE would add the

OMB paperwork control number, 3209–

0007, to the headings of the model

certificates, as codified in appendixes A

and B to part 2634.

The various model trust certificates

and documents as proposed to be

modified are available to the public

upon request as indicated in the ‘‘For

Further Information Contact’’ section

above.

There are two categories of

information collection requirements

which OGE plans to submit, each with

its own related reporting certificates or

model documents which are subject to

review and approval by OMB under the

Paperwork Reduction Act (44 U.S.C.

chapter 35). The OGE regulatory