27972 Federal Register / Vol. 63, No. 98 /Thursday, May 21, 1998 / Notices

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 June 15, 1998.

A. Federal Reserve Bank of New

York (Betsy Buttrill White, Senior Vice

President) 33 Liberty Street, New York,

New York 10045-0001:

1. Oswego County, MHC, Oswego,

New York, Pathfinder Bancorp, MHC,

Oswego, New York, to acquire or retain

more than 50 percent of the voting

shares of Oswego County MHC, Oswego,

New York. In connection with this

application, Oswego County, MHC,

Oswego, New York, also has applied to

become a bank holding company.

2. PASL Holding Corp., New York,

New York, and MetBank Holding Corp.,

New York, New York; to become bank

holding companies by acquiring more

than 50 percent of the voting shares of

Metropolitan National Bank, New York,

New York.

3. RSI Bancorp, MHC, and RSI

Bancorp, Inc., both of Rahway, New

Jersey; to become bank holding

companies by acquiring more than 50

percent of the voting shares of The

Rahway Savings Institution, Rahway,

New Jersey.

B. Federal Reserve Bank of

Philadelphia (Michael E. Collins, Senior

Vice President) 100 North 6th Street,

Philadelphia, Pennsylvania 19105-1521:

1. Commerce Bancorp, Inc., Cherry

Hill, New Jersey; to acquire 100 percent

of the voting shares of Commerce Bank/

Delaware, National Association,

Wilmington, Delaware.

C. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198-0001:

1. Gold Banc Corporation, Inc.,

Leawood, Kansas; to acquire 100

percent of the voting shares of Farmers

State Bancshares of Sabetha, Sabetha,

Kansas, and thereby indirectly acquire

Farmers State Bank, Sabetha, Kansas.

Board of Governors of the Federal Reserve

System, May 18, 1998.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 98–13642 Filed 5-20-98; 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.

FEDERAL REGISTER CITATION OF PREVIOUS

ANNOUNCEMENT: 63 FR 26190, May 12,

1998.

PREVIOUSLY ANNOUNCED TIME AND DATE OF

THE MEETING: 12:00 noon, Monday, May

18, 1998.

CHANGES IN THE MEETING: Addition of the

following closed item to the meeting:

Bank supervisory matter.

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: May 18, 1998.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 98–13688 Filed 5–18–98; 4:41 pm]

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

Agency Information Collection

Activities: Announcement of Board

Approval Under Delegated Authority

and Submission to OMB

SUMMARY:

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). Board-approved

collections of information are

incorporated into the official OMB

inventory of currently approved

collections of information. Copies of the

OMB 83-Is and supporting statements

and approved collection of information

instruments are placed into OMB’s

public docket files. 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, without revision, of the following

reports:

1. Report title: Annual Survey of Eligible

Bankers Acceptances

Agency form number: FR 2006

OMB Control number: 7100-0055

Frequency: annual

Reporters: U.S. commercial banks,

U.S. branches and agencies of foreign

banks, Edge and agreement corporations

Annual reporting hours: 46

Estimated average hours per response:

0.65

Number of respondents: 70

Small businesses are not affected.

General description of report: This

information collection is voluntary (12

U.S.C. 248(a), 625, and 3105(b)) and is

given confidential treatment (5 U.S.C.

522(b)(4)).

Abstract: The FR 2006 report provides

information on eligible U.S. dollar

acceptances that are payable in the
Federal Register / Vol. 63, No. 98 /Thursday, May 21, 1998 / Notices 27973

United States. The data are used for

constructing the monetary aggregates, a

nonfinancial debt aggregate, and a

measure of short- and intermediate-term

business credit.

2. Report title: Notice of Proposed Stock

Redemption

Agency form number: FR 4008

OMB control number: 7100-0131

Frequency: on occasion

Reporters: bank holding companies

Annual reporting hours: 822

Estimated average hours per response:

15.5

Number of respondents: 53

Small businesses are not affected.

General description of report: This

information collection is mandatory (12

U.S.C. 1844(c)) and is not given

confidential treatment.

Abstract: The Federal Reserve System

requires a bank holding company (BHC),

other than a well-run company, to give

written notice to its District Federal

Reserve Bank before purchasing or

redeeming its equity securities

(collectively, redeeming or redemption)

if the consideration paid for the

proposed redemption and other

redemptions over the preceding twelve

months is 10 percent or more of the

company’s consolidated net worth.

There is no formal reporting form; the

BHC notifies the Federal Reserve by

letter prior to making the proposed

redemption. The Federal Reserve uses

the information to fulfill its statutory

obligation to supervise bank holding

companies.

3. Report title: Notice Claiming Status as

an Exempt Transfer Agent

Agency form number: FR 4013

OMB control number: 7100-0137

Frequency: on occasion

Reporters: banks, bank holding

companies, and trust companies

Annual reporting hours: 16

Estimated average hours per response:

2

Number of respondents: 8

Small businesses are affected.

General description of report: This

information collection is voluntary (15

U.S.C. 78q-l(c)(1)) and is not given

confidential treatment.

Abstract: Banks, bank holding

companies, and trust companies subject

to the Federal Reserve’s supervision that

are low-volume transfer agents

voluntarily file the FR 4013 notice on

occasion with the Federal Reserve

Board. Transfer agents are institutions

that provide securities transfer,

registration, monitoring, and other

specified services on behalf of securities

issuers. The purpose of the notice,

which is effective until the agent

withdraws it, is to claim exemption

from certain rules and regulations of the

Securities and Exchange Commission

(SEC). The Federal Reserve uses the

notices for supervisory purposes

because the SEC has assigned to the

Federal Reserve responsibility for

collecting the notices and verifying their

accuracy through examinations of the

respondents. The notice is made by

letter; there is no reporting form.

4. Report titles: Notice By Financial

Institutions of Government Securities

Broker or Government Securities Dealer

Activities; Notice By Financial

Institutions of Termination of Activities

as a Government Securities Broker or

Government Securities Dealer

Agency form numbers: FR G-FIN, FR

G-FINW

OMB control number: 7100-0224

Frequency: on occasion

Reporters: state member banks,

foreign banks, uninsured state-chartered

branches or state-chartered agencies of

foreign banks, commercial lending

companies owned or controlled by

foreign banks, and Edge corporations

Annual reporting hours: 33 (32 hours

for FR G-FIN; 1 hour for FR G-FINW)

Estimated average hours per response:

1 hour for FR G-FIN; 15 minutes for FR

G-FINW

Number of respondents: 37 (32 for FR

G-FIN; 5 for FR G-FINW)

Small businesses are affected.

General description of report: This

information collection is mandatory (15

U.S.C. 78o-5(a)(1)(B)(ii)) and is not

given confidential treatment.

Abstract: Each financial institution

that acts as a government securities

broker or dealer is required to notify its

appropriate regulatory authority of its

broker-dealer activities, unless

exempted from the notice requirement

by Treasury Department regulation.

Notification is required to record the

intent to engage in government

securities broker or dealer activity, to

amend information submitted

previously, and to record termination of

such activity. Financial institutions use

forms G-FIN and G-FINW to fulfill these

notification requirements. The Federal

Reserve uses the information in its

supervisory capacity to measure

compliance with the Government

Securities Act of 1986.

Board of Governors of the Federal Reserve

System, May 15, 1998.

William W. Wiles,

Secretary of the Board.

[FR Doc. 98–13641 Filed 5-20-98; 8:45AM]

Billing Code 6210-01-F

GENERAL ACCOUNTING OFFICE

Cost Accounting Standards Board

Review Panel; Notice of Public Meeting

The Cost Accounting Standards Board

(CASB) Review Panel was established in

March 1998 to study, analyze, and

assess the mission of the CASB in light

of recent federal acquisition reforms.

Formed at the request of Congress, the

panel includes members from

government, industry, and the

accounting profession. It is anticipated

that the panel will conclude its studies,

analyses, and deliberations by the end

of the current year and issue a report

with recommendations to the Congress

in early 1999. In conducting its work,

the panel is seeking to obtain a broad

spectrum of views from all interested

parties including those in the

government contracting community,

academia, the accounting profession,

and industry.

Meetings of the panel for the purpose

of obtaining views from the public will

take place on June 16 and June 17, 1998,

between 1 p.m. and 5 p.m. and June 18,

1998, between 9 a.m. and 12:00 p.m.

The panel is particularly interested in

views concerning: (1) The Cost

Accounting Standards Board’s mission

in a rapidly evolving integrated civilmilitary industry; (2) costs, benefits, and

risk assessment in the application of

cost accounting standards to

government contractors (including

differences based on industry, segment,

type of cost, character of goods or

services, contract type, and so forth); (3)

the relationship of cost accounting

standards to generally accepted

accounting principles, activity-based

cost systems, and cost allowability

principles (including levels of

complexity, overlap, duplication,

conflict, and so forth).

The panel will convene at the U.S.

General Accounting Office, Staats

Briefing Room, 441 G Street, NW.,

Washington, DC 20548. The meetings

will be open to the public, however,

attendance at each session will be

limited to the seating available. Entry to

the GAO Building is obtained by

clearance which must be granted in

advance of the meeting. Those who

would like to make presentations and

those otherwise planning to attend

should contact Mr. Ralph Dawn at 202–

512–4501 by June 10, 1998. A written

summary of remarks for those making

presentations must be submitted by June

10, 1998, with a complete written

statement to be submitted by June 15,

1998.

In addition, interested individuals are

invited to make suggestions to the panel