5394 Federal Register / Vol. 60, No. 18 / Friday, January 27, 1995 / Notices

continuation projects are available,

these grants may be continued for a

limited time at a 40 percent cash match

ratio. Initial awards to establish new

labor-management committees (i.e., not

yet established or in existence less than

12 months prior to the submission

deadline), will be for a period of 18

months. If successful progress is made

during this initial budget period and if

sufficient appropriations for expansion

and continuation projects are available,

these grants may be continued for a

limited time at a 40 percent cash match

ratio. The dollar range of awards is as

follows:

—Up to $35,000 in FMCS funds per

annum for existing in-plant

applicants;

—Up to $50,000 over 18 months for new

in-plant committee applicants;

—Up to $75,000 in FMCS funds per

annum for existing area, industry and

public sector committee applicants;

—Up to $100,000 per 18-month period

for new area, industry, and public

sector committee applicants.

Applicants are reminded that these

figures represent maximum Federal

funds only. If total costs to accomplish

the objectives of the application exceed

the maximum allowable Federal

funding level and its required grantee

match, applicants may supplement

these funds through voluntary

contributions from other sources.

F. Match Requirements and Cost

Allowability

Applicants for new labor-management

committees must provide at least 10

percent of the total allowable project

costs. Applicants for existing

committees must provide at least 25

percent of the total allowable project

costs. All matching funds may come

from state or local government sources

or private sector contributions, but may

generally not include Federal funds.

Funds generated by grant-supported

efforts are considered ‘‘project income,’’

and may not be used for matching

purposes.

It will be the policy of this program

to reject all requests for indirect or

overhead costs as well as ‘‘in-kind’’

match contributions. In addition, grant

funds must not be used to supplant

private or local/state government funds

currently spent for these purposes.

Funding requests from existing

committees should focus entirely on the

costs associated with the expansion

efforts. Also, under no circumstances

may business or labor officials

participating on a labor-management

committee be compensated out of grant

funds for time spent at committee

meetings or time spent in training

sessions. Applicants generally will not

be allowed to claim all or a portion of

existing staff time as an expense or

match contribution.

For a more complete discussion of

cost allowability, applicants are

encouraged to consult the FY95 FMCS

Financial and Administrative Grants

Manual which will be included in the

application kit.

G. Application Submission and Review

Process

Applications should be signed by

both a labor and management

representative and be postmarked no

later than May 13, 1995. No applications

or supplementary materials can be

accepted after the deadline. It is the

responsibility of the applicant to ensure

that the application is correctly

postmarked by the U.S. Postal Service or

other carrier. An original application

containing numbered pages, plus three

copies, should be addressed to the

Federal Mediation and Conciliation

Service, Labor-Management Program

Services, 2100 K Street, NW,

Washington, D.C. 20427. FMCS will not

consider videotaped submissions or

video attachments to submissions.

After the deadline has passed, all

eligible applications will be reviewed

and scored initially by one or more Peer

Review Boards. The Boards(s) will

decide which applications will be

recommended for funding

consideration. The Manager, LaborManagement Program Services, will

finalize the scoring and selection

process for those applications

recommended by the Board(s). The

individual listed as contact person in

item 6 on the application form will

generally be the only person with whom

FMCS will communicate during the

application review process.

All FY95 grant applicants will be

notified of results and all grant awards

will be made before September 30, 1995.

Applications submitted after the May 13

deadline date or that fail to adhere to

eligibility or other major requirements

will be administratively rejected by the

Manager, Labor-Management Program

Services.

H. Contact

Individuals wishing to apply for

funding under this program should

contact the Federal Mediation and

Conciliation Service as soon as possible

to obtain an application kit. These kits

and additional information or

clarification can be obtained free of

charge by contacting Linda Stubbs, Lee

A. Buddendeck, or Peter L. Regner,

Federal Mediation and Conciliation

Service, Labor-Management Program

Services, 2100 K Street, NW.,

Washington, DC 20427; or by calling

202–606–8181.

John Calhoun Wells,

Director, Federal Mediation and Conciliation

Service.

[FR Doc. 95–1890 Filed 1–26–95; 8:45 am]

BILLING CODE 6732–01–M

FEDERAL RESERVE SYSTEM

Agency Forms Under Review

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Request for comment; extension

of comment period.

SUMMARY: On January 5, 1995, the Board

requested comment on proposed

revisions to the Annual Report of

Foreign Banking Organizations (FR Y-7)

and the Foreign Banking Organization

Confidential Report of Operations (FR

2068). The Secretary of the Board, acting

under delegated authority, has extended

the comment period by 30 days to give

the public additional time to provide

comments.

DATES: Comments must be received by

March 9, 1995.

ADDRESSES: Comments may be mailed to

Mr. William W. Wiles, Secretary, Board

of Governors of the Federal Reserve

System, 20th and C Streets, N.W.,

Washington, D.C., 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, N.W. 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).

Comments may also be submitted to

the OMB desk officer for the Board:

Milo Sunderhauf, Office of Information

and Regulatory Affairs, Office of

Management and Budget, New

Executive Office Building, Room 3208,

Washington, D.C. 20503.

FOR FURTHER INFORMATION CONTACT: A

copy of the proposed form, the request

for clearance (OMB 83-I), supporting

statement, instructions, and other

documents that will be placed into

OMB’s public docket files once

approved may be requested from the

agency clearance officer, Mary M.

McLaughlin, Federal Reserve Board

Clearance Officer (202-452-3829),

Division of Research and Statistics,
Federal Register / Vol. 60, No. 18 / Friday, January 27, 1995 / Notices 5395

Board of Governors of the Federal

Reserve System, Washington, D.C.

20551. For the hearing impaired only,

Telecommunications Device for the Deaf

(TTD) Dorothea Thompson (202-452-

3544), Board of Governors of the Federal

Reserve System, Washington, D.C.

20551.

SUPPLEMENTARY INFORMATION: The Board

has received a request to extend the

comment period on the proposed

revisions to the Annual Report of

Foreign Banking Organizations (FR Y-7)

and Foreign Banking Organization

Confidential Report of Operations (FR

2068) (60 FR 1779, January 5, 1995). In

view of the significance of the

procedural changes that are proposed in

the reports, the Board is extending the

comment period to March 9, 1995.

By order of the Secretary of the Board,

acting pursuant to delegated authority for the

Board of Governors of the Federal Reserve

System, January 23, 1995.

William W. Wiles,

Secretary of the Board.

[FR. Doc. 95–2052 Filed 1–26–95; 8:45am]

BILLING CODE 6210–01–F

Agency Forms Under Review

Background

Notice is hereby given of the final

approval of proposed information

collection(s) by the Board of Governors

of the Federal Reserve System (Board)

under OMB delegated authority, as per

5 CFR 1320.9 (OMB Regulations on

Controlling Paperwork Burdens on the

Public).

FOR FURTHER INFORMATION CONTACT:

Federal Reserve Board Clearance

Officer—Mary M. McLaughlin—

Division of Research and Statistics,

Board of Governors of the Federal

Reserve System, Washington, D.C.

20551 (202-452-3829).

OMB Desk Officer—Milo Sunderhauf—

Office of Information and Regulatory

Affairs, Office of Management and

Budget, New Executive Office

Building, Room 3208, Washington,

D.C. 20503 (202-395-7340).

Final approval under OMB delegated

authority of the extension, with

revisions, of the following reports:

1. Report title: Report of Foreign (NonU.S.) Currency Deposits.

Agency form number: FR 2915.

OMB Docket number: 7100-0237.

Frequency: Quarterly.

Reporters: Depository institutions.

Annual reporting hours: 418.

Estimated average hours per response:

0.50.

Number of respondents: 209.

Small businesses are affected.

General description of report: This

information collection is required [12

U.S.C. 248(a)] and is given confidential

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

Abstract: The FR 2915 reporting form

collects weekly averages of the amounts

outstanding for foreign (non-U.S.)

currency deposits held at U.S. offices of

depository institutions, converted to

U.S. dollars and included in the FR

2900 (OMB No. 7100-0087), the

principal deposits report that is used for

the calculation of required reserves and

for construction of the monetary and

reserves aggregates. Foreign currency

deposits are subject to reserve

requirements and, therefore, are

included in the FR 2900. However,

foreign currency deposits are not

included in the monetary aggregates.

The FR 2915 data are used to back

foreign currency deposits out of the FR

2900 data for construction of the

monetary aggregates. The FR 2915 data

also are used to monitor the volume of

foreign-currency deposits.

The revision reduces the reporting

frequency for current monthly reporters

to quarterly, which reduces the annual

reporting burden for this report by 66

percent.

2. Report title: Financial Statements

for a Bank Holding Company Subsidiary

Engaged in Bank-Ineligible Securities

Underwriting and Dealing.

Agency form number: FR Y-20.

OMB Docket number: 7100-0248.

Frequency: Quarterly.

Reporters: Bank Holding Companies.

Annual reporting hours: 1,519.

Estimated average hours per response:

12.25.

Number of respondents: 31.

Small businesses are not affected.

General description of report: This

information collection is mandatory to

obtain or retain a benefit [12 U.S.C.

1844(b) and (c)] and is given

confidential treatment [5 U.S.C.

552(b)(4)].

Abstract: Bank holding companies

that have received the Board’s approval

by Order to engage in limited

underwriting and dealing in securities

of a type which a bank may not

underwrite or deal in directly file the FR

Y-20. The report consists of a balance

sheet, statement of income, supporting

schedules for securities owned, and a

statement of changes in stockholders’

equity. In addition, there are several

memoranda items which collect

information on intercompany liabilities

and off-balance sheet items, and

information that is needed for an

alternative measure of indexed-revenue.

The revision, effective as of December

31, 1994, involves the addition of

memoranda items on the income

statement to collect year-to-date gross

income, total expenses, and net income.

Board of Governors of the Federal Reserve

System, January 23, 1995.

William W. Wiles,

Secretary of the Board.

[FR Doc. 95–2051 Filed 1–26–95; 8:45am]

BILLING CODE 6210–01–F

MNB Corporation, et al.; Formations

of; Acquisitions by; and Mergers of

Bank Holding Companies

The companies listed in this notice

have applied for the Board’s approval

under section 3 of the Bank Holding

Company Act (12 U.S.C. 1842) and §

225.14 of the Board’s Regulation Y (12

CFR 225.14) to become a bank holding

company or to acquire a bank or bank

holding company. The factors that are

considered in acting on the applications

are set forth in section 3(c) of the Act

(12 U.S.C. 1842(c)).

Each application is 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 to the

Reserve Bank or to the offices of the

Board of Governors. Any comment on

an application that requests a hearing

must include a statement of why a

written presentation would not suffice

in lieu of a hearing, identifying

specifically any questions of fact that

are in dispute and summarizing the

evidence that would be presented at a

hearing.

Unless otherwise noted, comments

regarding each of these applications

must be received not later than February

21, 1995.

A. Federal Reserve Bank of

Philadelphia (Michael E. Collins,

Senior Vice President) 100 North 6th

Street, Philadelphia, Pennsylvania

19105:

1. MNB Corporation, Bangor,

Pennsylvania; to become a bank holding

company by acquiring 100 percent of

the voting shares of The Merchants

National Bank of Bangor, Bangor,

Pennsylvania.

2. Republic Bancorporation, Inc.,

Philadelphia, Pennsylvania; to become a

bank holding company by acquiring 100

percent of the voting shares of Republic

Bank, Philadelphia, Pennsylvania.

B. Federal Reserve Bank of Atlanta

(Zane R. Kelley, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303:

1. Deposit Guaranty Corporation,

Jackson, Mississippi; to merge with