40282 Federal Register / Vol. 63, No. 144 /Tuesday, July 28, 1998 / Notices

means governments of cities, counties,

towns, etc., with a population of less

than 50,000, unless the agency

establishes an alternative definition.

The proposed permit issuance also

would not uniquely affect small

governments because compliance with

the proposed permit conditions affects

small governments in the same manner

as any other entities seeking coverage

under the permit.

G. Regulatory Flexibility Act

The Regulatory Flexibility Act, 5

U.S.C. 601 et seq, requires that EPA

prepare a regulatory flexibility analysis

for regulations that have a significant

impact on a substantial number of small

entities. Compliance with the permit

requirements will not result in a

significant impact on dischargers,

including small businesses, covered by

these permits. EPA Region 6 therefore

concludes that the permits proposed

today will not have a significant impact

on a substantial number of small

entities.

Oscar Ramirez, Jr.,

Deputy Director, Water Quality Protection

Division, Region 6.

[FR Doc. 98–20146 Filed 7–27–98; 8:45 am]

BILLING CODE 6560–50–P

FARM CREDIT ADMINISTRATION

Farmer Mac Risk-Based Capital

Notice of Availability of Study and

Request for Comment

SUMMARY: The Farm Credit

Administration (FCA or Agency), acting

through the Office of Secondary Market

Oversight (OSMO), is required, under

section 8.32 of the Farm Credit Act of

1971, as amended (Act), to establish a

risk-based capital regulation for the

Federal Agricultural Mortgage

Corporation (Farmer Mac). The FCA is

in the process of developing this

regulation and will publish a proposed

regulation for comment no sooner than

February 1999.

The credit risk portion of the

prescribed risk-based capital test must

take into account agricultural mortgage

losses in an area containing not less

than 5 percent of the U.S. population

during a 2-year historic period in which

the highest rates of losses occurred.

After an extensive search for

applicable data on agricultural mortgage

loan losses, the FCA was able to obtain

useful data from the Farm Credit Bank

of Texas. FCA contracted with the firm

of Barry and Associates to study these

data, to make extrapolations of loss data

for other states in order to identify the

geographic area meeting the criteria of

the Act, and to determine the applicable

credit risk component.

The FCA is making the results of this

study available for public comment and

suggestions that could possibly lead to

improved input for the credit risk

component of the proposed regulation.

DATES: Written comments should be

received on or before September 15,

1998.

ADDRESSES: You may obtain a copy of

the study by downloading from the FCA

web page at www.fca.gov; by submitting

an electronic mail request for a copy to

info-line@fca.gov; or by contacting

George D. Irwin, Director, Office of

Secondary Market Oversight, Farm

Credit Administration, 1501 Farm

Credit Drive, McLean, VA 22102–5090,

(703) 883–4280.

Submit your comments via electronic

mail to ‘‘reg-comm@fca.gov’’ or in hard

copy to George D. Irwin, Director, Office

of Secondary Market Oversight, Farm

Credit Administration, 1501 Farm

Credit Drive, McLean, VA 22102–5090.

Copies of all comments received will be

available for review by interested parties

at the Farm Credit Administration

offices in McLean, Virginia.

FOR FURTHER INFORMATION CONTACT:

George D. Irwin, Director, Office of

Secondary Market Oversight, Farm

Credit Administration, 1501 Farm

Credit Drive, McLean, VA 22102–5090,

(703) 883–4280, TDD (703) 883–4444.

SUPPLEMENTARY INFORMATION: Section

8.32 of the Act specifies that the FCA,

through the Office of Secondary Market

Oversight, shall establish, by regulation,

a risk-based capital test for Farmer Mac.

The statute further provides that:

‘‘* * * the risk-based capital test shall

determine the amount of regulatory capital

for the Corporation [Farmer Mac] that is

sufficient for the Corporation to maintain

positive capital during a 10-year period in

which both of the following circumstances

occur:

(1) CREDIT RISK * * * losses on the

underlying qualified loans occur throughout

the United States at a rate of default and

severity (based on any measurements of

default reasonably related to prevailing

industry practice in determining capital

adequacy) reasonably related to the rate and

severity that occurred in contiguous areas of

the United States containing an aggregate of

not less than 5 percent of the total population

of the United States that, for a period of not

less than 2 years (as established by the

Director [of OSMO]), experienced the highest

rates of default and severity of agricultural

mortgage losses, in comparison with such

rates of default and severity of agricultural

mortgage losses in other such areas for any

period of such duration, as determined by the

Director.

(2) INTEREST RATE RISK * * *’’

Section 8.32 also states that the FCA

may not publish the risk-based capital

regulations for comment until after

February 10, 1999.

The FCA conducted an extensive

search and found usable historic

databases on loan performance during

the severe loss period of the 1980s in

the Farm Credit Bank of Texas. It then

became necessary to find a method to

extrapolate the loan loss experience in

Texas to other geographic areas of the

U.S., which had different experience

and different loss rates. The contractors

evaluated several approaches to

extrapolation in developing these

estimates of loss experience and

identifying the geographic areas of most

severe loss.

The FCA wishes to make this study

available for public comment and

suggestions. We welcome responses that

may offer: (1) Information that leads to

additional relevant data sources; (2)

suggestions that might improve use of

the study in developing risk-based

capital regulations; and (3) any other

ideas that might lead to an improved

credit risk component in the risk-based

capital regulation being developed for

Farmer Mac.

The FCA cautions commenters that

this study is based on currently

available data, which we have found to

be very limited. The FCA is making the

study available at this time solely for

informational purposes and to seek

additional input. FCA may elect to use

alternative approaches in developing

the credit risk component of the riskbased capital regulations.

Dated: July 23, 1998.

Floyd Fithian,

Secretary, Farm Credit Administration Board.

[FR Doc. 98–20131 Filed 7–27–98; 8:45 am]

BILLING CODE 6705–01–P

FEDERAL COMMUNICATIONS

COMMISSION

Notice of Public Information

Collection(s) Being Reviewed by the

Federal Communications Commission

for Extension; Comments Requested

July 22, 1998.

SUMMARY: The Federal Communications

Commission, as part of its continuing

effort to reduce paperwork burden

invites the general public and other

Federal agencies to take this

opportunity to comment on the

following information collection(s), as

required by the Paperwork Reduction

Act of 1995, Public Law 104–13. An

agency may not conduct or sponsor a

collection of information unless it
Federal Register / Vol. 63, No. 144 /Tuesday, July 28, 1998 / Notices 40283

displays a currently valid control

number. No person shall be subject to

any penalty for failing to comply with

a collection of information subject to the

Paperwork Reduction Act (PRA) that

does not display a valid control number.

Comments are requested concerning (a)

whether the proposed collection of

information is necessary for the proper

performance of the functions of the

Commission, including whether the

information shall have practical utility;

(b) the accuracy of the Commission’s

burden estimate; (c) ways to enhance

the quality, utility, and clarity of the

information collected; and (d) ways to

minimize the burden of the collection of

information on the respondents,

including the use of automated

collection techniques or other forms of

information technology.

DATES: Persons wishing to comment on

this information collection should

submit comments September 28, 1998.

If you anticipate that you will be

submitting comments, but find it

difficult to do so within the period of

time allowed by this notice, you should

advise the contact listed below as soon

as possible.

ADDRESSES: Direct all comments to Judy

Boley, Federal Communications

Commissions, Room 234, 1919 M St.,

N.W., Washington, DC 20554 or via

internet to jboley@fcc.gov.

FOR FURTHER INFORMATION CONTACT: For

additional information or copies of the

information collections contact Judy

Boley at 202–418–0214 or via internet at

jboley@fcc.gov.

SUPPLEMENTARY INFORMATION:

OMB Approval Number: 3060–0262.

Title: Section 90.179, Shared Use of

Radio Stations.

Form No.: N/A.

Type of Review: Extension of a

currently approved collection.

Respondents: Business or other forprofit, non-profit institutions, state and

local governments.

Number of Respondents: 1650.

Estimated Time Per Response: .75

hours.

Cost to Respondent: 0.

Total Annual Burden: 1,238 hours.

Needs and Uses: The requirement

contained in this rule section is

necessary to identify users of a shared

land mobile radio station. The

information is used by Commission

personnel to investigate interference

complaints.

Federal Communications Commission.

Magalie Roman Salas,

Secretary.

[FR Doc. 98–20036 Filed 7–27–98; 8:45 am]

BILLING CODE 6712–01–U

FEDERAL COMMUNICATIONS

COMMISSION

Notice of Public Information

Collection(s) Submitted to OMB for

Review and Approval

July 22, 1998.

SUMMARY: The Federal Communications

Commission, as part of its continuing

effort to reduce paperwork burden

invites the general public and other

Federal agencies to take this

opportunity to comment on the

following information collection, as

required by the Paperwork Reduction

Act of 1995, Public Law 104–13. An

agency may not conduct or sponsor a

collection of information unless it

displays a currently valid control

number. No person shall be subject to

any penalty for failing to comply with

a collection of information subject to the

Paperwork Reduction Act (PRA) that

does not display a valid control number.

Comments are requested concerning (a)

whether the proposed collection of

information is necessary for the proper

performance of the functions of the

Commission, including whether the

information shall have practical utility;

(b) the accuracy of the Commission’s

burden estimate; (c) ways to enhance

the quality, utility, and clarity of the

information collected; and (d) ways to

minimize the burden of the collection of

information on the respondents,

including the use of automated

collection techniques or other forms of

information technology.

DATES: Written comments should be

submitted on or before August 27, 1998.

If you anticipate that you will be

submitting comments, but find it

difficult to do so within the period of

time allowed by this notice, you should

advise the contact listed below as soon

as possible.

ADDRESSES: Direct all comments to Les

Smith, Federal Communications

Commissions, Room 234, 1919 M St.,

N.W., Washington, DC 20554 or via

internet to lesmith@fcc.gov.

FOR FURTHER INFORMATION CONTACT: For

additional information or copies of the

information collections contact Les

Smith at 202–418–0217 or via internet

at lesmith@fcc.gov.

SUPPLEMENTARY INFORMATION:

OMB Approval Number: 3060–0425.

Title: Section 74.913 Selection

Procedure for Mutually Exclusive ITFS

Applications.

Type of Review: Extension of a

currently approved collection.

Respondents: Not-for-profit

institutions.

Number of Respondents: 150.

Estimated Time Per Response: 53

hours (3 hours/respondent, 30 hours/

contract attorney, 20/consulting

engineer); and 1 hour (student

population statements).

Frequency of Response: On occasion

reporting requirement.

Total Annual Burden: 250 hours.

Cost to Respondents: $425,000

(attorney and consulting engineering

fees).

Needs and Uses: Section 74.913 (c)

requires qualified ITFS applicants, with

the same point accumulation, to submit

any agreement to divide the use of the

channels within thirty days from the

date of the Commission’s decision. If no

agreement is reached and submitted to

the Commission within thirty days, the

selectee will be determined through the

tie-breaker mechanism of Section 74.913

(d).

Section 74.913 (d) requires each

applicant tied in a comparative

selection proceeding to submit a

statement of the number of students at

its proposed receive locations who are

formally enrolled in classes for credit

toward an academic degree or diploma,

or a legally required certification or

license. This claim of students, who

would benefit from the proposed

system, must correlate to and be

supported by the educational programs

proposed in its application. This

statement must be served on the other

tied competing applicant(s). Applicants

will not be required to submit their

agreements or statements unless and

until it is determined that they are tied

in a comparative selection proceeding.

The data will be used by FCC staff to

determine the most qualified applicant

to provide ITFS service to the public.

The statement served on other tied

competing applicant(s) will provide an

opportunity for competing applicants to

respond to any aspect of the enrollment

submissions.

Federal Communications Commission.

Magalie Roman Salas,

Secretary.

[FR Doc. 98–20087 Filed 7–27–98; 8:45 am]

BILLING CODE 6712–01–U

FEDERAL DEPOSIT INSURANCE

CORPORATION

Agency Information Collection

Activities: Submission for OMB

Review; Comment Request

AGENCY: Federal Deposit Insurance

Corporation (FDIC).

ACTION: Notice of information collection

to be submitted to OMB for review and