36034 Federal Register / Vol. 63, No. 126 /Wednesday, July 1, 1998 / Notices

Environmental, historic preservation,

public use, or trail use/rail banking

conditions will be imposed, where

appropriate, in a subsequent decision.

Pursuant to the provisions of 49 CFR

1152.29(e)(2), MeC shall file a notice of

consummation with the Board to signify

that it has exercised the authority

granted and fully abandoned the line. If

consummation has not been effected by

MeC’s filing of a notice of

consummation by July 1, 1999, and

there are no legal or regulatory barriers

to consummation, the authority to

abandon will automatically expire.

Board decisions and notices are

available on our website at

‘‘WWW.STB.DOT.GOV.’’

Decided: June 24, 1998.

By the Board, David M. Konschnik,

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–17505 Filed 6–30–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF THE TREASURY

Community Development Financial

Institutions Fund; Notice of Open

Meeting of the Community

Development Advisory Board

AGENCY: Community Development

Financial Institutions Fund, Department

of the Treasury.

ACTION: Notice of open meeting.

SUMMARY: This notice announces the

next meeting of the Community

Development Advisory Board (the

‘‘Advisory Board’’), which provides

advice to the Director of the Community

Development Financial Institutions

Fund (the ‘‘Fund’’).

DATES: The next meeting of the

Community Development Advisory

Board will be held on Wednesday, July

15, 1998 at 10:00 a.m.

FOR FURTHER INFORMATION CONTACT: The

Community Development Financial

Institutions Fund, U.S. Department of

Treasury, 601 13th Street, NW., Suite

200 South, Washington, DC, 20005,

(202) 622–8662 (this is not a toll free

number).

SUPPLEMENTARY INFORMATION: Section

104(d) of the Community Development

Banking and Financial Institutions Act

of 1994 (12 U.S.C. 4703(d)) established

the Community Development Advisory

Board. The charter for the Advisory

Board has been filed in accordance with

the Federal Advisory Committee Act, as

amended, (5 U.S.C. App.), and with the

approval of the Secretary of the

Treasury.

The function of the Advisory Board is

to advise the Director of the Fund (who

has been delegated the authority to

administer the Fund) on the policies

regarding the activities of the Fund. The

Fund is a wholly owned corporation

within the Department of the Treasury.

The Advisory Board shall not advise the

Fund on the granting or denial of any

particular application. The Advisory

Board shall meet at least annually.

It has been determined that this

document is not a major rule as defined

in Executive Order 12291 and that

regulatory impact analysis therefore is

not required. In addition, this document

does not constitute a rule subject to the

Regulatory Flexibility Act (5 U.S.C.

Chapter 6).

The next meeting of the Advisory

Board, all of which will be open to the

public, will be held at the Treasury

Executive Institute, located at 1255

22nd Street, NW., Suite 500,

Washington, DC, on Wednesday, July

15, 1998 at 10:00 a.m. The room will

accommodate 30 members of the public.

Seats are available on a first-come, firstserved basis. Participation in the

discussions of the meeting will be

limited to Advisory Board members and

Department of the Treasury staff.

Anyone who would like to have the

Advisory Board consider a written

statement must submit it to the Fund, at

the address of the Fund specified above

in the For Further Information Contact

section, by 4:00 p.m., Friday, July 10,

1998.

The meeting will include a report

from Director Lazar on the activities of

the CDFI Fund since the last Advisory

Board meeting, members will be briefed

and solicited for input on the

development of the CDFI Fund’s

Strategic Plan, a discussion and vote on

the formation of subcommittees will be

conducted, and members will be briefed

and solicited for input on the creation

of an Impact study to be conducted by

the Fund.

Authority: 12 U.S.C. 4703; Chapter X, Pub.

L. 104–19, 109 Stat. 237.

Dated: June 26, 1998.

Ellen Lazar,

Director, Community Development Financial

Institutions Fund.

[FR Doc. 98–17595 Filed 6–30–98; 8:45 am]

BILLING CODE 4810–70–P

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the

Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE

CORPORATION

Agency Information Collection

Activities: Proposed Collection;

Comment Request

AGENCIES: Office of the Comptroller of

the Currency (OCC), Treasury; Board of

Governors of the Federal Reserve

System (Board); and Federal Deposit

Insurance Corporation (FDIC).

ACTION: Joint notice and request for

comment.

SUMMARY: In accordance with the

requirements of the Paperwork

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

chapter 35), the OCC, the Board, and the

FDIC (the ‘‘agencies’’) 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 Office of Management

and Budget (OMB) control number. The

agencies, under the auspices of the

Federal Financial Institutions

Examination Council (FFIEC), intend to

extend without revision a currently

approved information collection, the

Report on Indebtedness of Executive

Officers and Principal Shareholders and

their Related Interests to Correspondent

Banks (FFIEC 004). At the end of the

comment period, the comments and

recommendations received will be

analyzed to determine whether the

FFIEC and the agencies should modify

the information collection. The agencies

will then submit the report to OMB for

review and approval.

DATES: Comments must be submitted on

or before August 31, 1998.

ADDRESSES: Interested parties are

invited to submit written comments to

any or all of the agencies. All comments,

which should refer to the OMB control

number(s), will be shared among the

agencies.

OCC: Written comments should be

submitted to the Communications

Division, Office of the Comptroller of

the Currency, 250 E Street, Third Floor,

SW, Washington, DC 20219; Attention:

Paperwork Docket No. 1557–0070 [FAX

number (202) 874–5274; Internet

address: regs.comments@occ.treas.gov].

Comments will be available for

inspection and photocopying at that

address.
Federal Register / Vol. 63, No. 126 /Wednesday, July 1, 1998 / Notices 36035

Board: Written comments should be

addressed to Jennifer J. Johnson,

Secretary, Board of Governors of the

Federal Reserve System, 20th and C

Streets, NW, Washington, DC 20551, or

delivered to the Board’s mail room

between 8:45 a.m. and 5:15 p.m., and to

the security control room outside of

those hours. Both the mail room and the

security control room are accessible

from the courtyard entrance on 20th

Street between Constitution Avenue and

C Street, NW Comments received may

be inspected in room M–P–500 between

9:00 a.m. and 5:00 p.m., except as

provided in section 261.8 of the Board’s

Rules Regarding Availability of

Information, 12 CFR 261.8(a).

FDIC: Written comments should be

addressed to Robert E. Feldman,

Executive Secretary, Attention:

Comments/OES, Federal Deposit

Insurance Corporation, 550 17th Street,

NW, Washington, DC 20429. Comments

may be hand-delivered to the guard

station at the rear of the 550 17th Street

Building (located on F Street), on

business days between 7:00 a.m. and

5:00 p.m. [FAX number (202) 898–3838;

Internet address: comments@fdic.gov].

Comments may be inspected and

photocopied in the FDIC Public

Information Center, Room 100, 801 17th

Street, NW, Washington, DC, between

9:00 a.m. and 4:30 p.m. on business

days.

A copy of the comments may also be

submitted to the OMB desk officer for

the agencies: Alexander T. Hunt, Office

of Information and Regulatory Affairs,

Office of Management and Budget, New

Executive Office Building, Room 3208,

Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT:

Additional information may be

requested from any of the agency

clearance officers whose names appear

below.

OCC: Jessie Gates, OCC Clearance

Officer, (202) 874–5090, Legislative and

Regulatory Activities Division, Office of

the Comptroller of the Currency, 250 E

Street, SW, Washington, DC 20219.

Board: Mary M. McLaughlin, Chief,

Financial Reports Section, (202) 452–

3829, Division of Research and

Statistics, Board of Governors of the

Federal Reserve System, 20th and C

Streets, NW, Washington, DC 20551.

Telecommunications Device for the Deaf

(TDD) users may contact Diane Jenkins,

(202) 452–3544, Board of Governors of

the Federal Reserve System, 20th and C

Streets, NW, Washington, DC 20551.

FDIC: Steven F. Hanft, FDIC Clearance

Officer, (202) 898–3907, Office of the

Executive Secretary, Federal Deposit

Insurance Corporation, 550 17th Street

NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION:

Proposal to Extend for Three Years

Without Revision the Following

Currently Approved Collection of

Information

Title: Report on Indebtedness of

Executive Officers and Principal

Shareholders and their Related Interests

to Correspondent Banks.

Form Number: FFIEC 004.

Frequency of Response: Annually (for

executive officers and principal

shareholders), and on occasion (for

national, state member and insured state

nonmember banks).

Affected Public: Individuals or

households, Businesses or other forprofit.

For OCC:

OMB Number: 1557–0070.

Estimated Number of Respondents:

33,550 (30,500 executive officers and

principal shareholders fulfilling

recordkeeping burden, 3,050 national

banks fulfilling recordkeeping and

disclosure burden).

Estimated Average Hours per

Response: 2.87 hours.

Estimated Total Annual Burden:

96,533.

For Board:

OMB Number: 7100–0034.

Estimated Number of Respondents:

4,955 (3,964 executive officers and

principal shareholders fulfilling

recordkeeping burden, 991 state

member banks fulfilling recordkeeping

and disclosure burden).

Estimated Average Hours per

Response: 1.12 hours.

Estimated Total Annual Burden:

5,551.

For FDIC:

OMB Number: 3064–0023.

Estimated Number of Respondents:

30,170 (24,136 executive officers and

principal shareholders fulfilling

recordkeeping burden, 6,034 insured

state nonmember banks fulfilling

recordkeeping and disclosure burden).

Estimated Average Hours per

Response: 1.8 hours.

Estimated Total Annual Burden:

54,306.

General Description of Report: This

information collection is mandatory: 12

U.S.C. 1972(2)(G) (all); 12 U.S.C.

375(a)(6) and (10) , and 375(b)(10)

(Board); 12 U.S.C. 1817(k) and 12 U.S.C.

93a (OCC); 12 CFR 349.3, 12 CFR 349.4,

and 12 CFR 304.5(e) (FDIC).

Abstract: Executive officers and

principal shareholders of insured banks

must file with the bank the information

contained in the FFIEC 004 report on

their indebtedness and that of their

related interests to correspondent banks.

Banks must retain these reports or

reports containing similar information

and fulfill other recordkeeping

requirements, such as furnishing

annually a list of their correspondent

banks to their executive officers and

principal shareholders. Banks also have

certain disclosure requirements for this

information collection.

Request for Comment

Comments are invited on:

a. Whether the information collection

is necessary for the proper performance

of the agencies’ functions, including

whether the information has practical

utility;

b. The accuracy of the agencies’

estimate of the burden of the

information collection, including the

validity of the methodology and

assumptions used;

c. Ways to enhance the quality,

utility, and clarity of the information to

be collected;

d. Ways to minimize the burden of

information collection on respondents,

including through the use of automated

collection techniques or other forms of

information technology; and

e. Estimates of capital or start up costs

and costs of operation, maintenance,

and purchase of services to provide

information.

Comments submitted in response to

this Notice will be shared among the

agencies and will be summarized or

included in the agencies’ requests for

OMB approval. All comments will

become a matter of public record.

Written comments should address the

accuracy of the burden estimates and

ways to minimize burden including the

use of automated collection techniques

or the use of other forms of information

technology as well as other relevant

aspects of the information collection

request.

Dated: June 22, 1998.

Karen Solomon,

Director, Legislative and Regulatory Activities

Division, Office of the Comptroller of the

Currency.

Board of Governors of the Federal Reserve

System, June 25, 1998.

Jennifer J. Johnson,

Secretary of the Board.

Dated at Washington, DC, this 11th day of

June, 1998.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 98–17452 Filed 6–30–98; 8:45 am]

BILLING CODE 4810–33–P, 6210–01–P, 6714–01–P