3868 Federal Register / Vol. 60, No. 12 / Thursday, January 19, 1995 / Notices

affiliate acts as principal, in transactions

on the customer’s behalf. Applicants

maintain that the Board has permitted

bank holding companies to provide

general investment advisory services

with respect to futures and options on

futures on financial and nonfinancial

commodities (12 CFR 225.25(b)(19),

Swiss Bank and J.P. Morgan), and that

the proposed discretionary services

appear to be functionally similar to the

securities-related investment advisory

activities the Board has approved for

bank holding companies generally in §

225.25(b)(4) of Regulation Y. Applicants

conclude that for these reasons,

providing discretionary portfolio

management services with respect to

futures and options on futures on

financial and nonfinancial commodities

is closely related to banking.

In order to approve the proposal, the

Board must determine that the proposed

activities to be conducted by Company

‘‘can reasonably be expected to produce

benefits to the public, such as greater

convenience, increased competition, or

gains in efficiency, that outweigh

possible adverse effects, such as undue

concentration of resources, decreased or

unfair competition, conflicts of

interests, or unsound banking

practices.’’ 12 U.S.C. § 1843(c)(8).

Applicants believe that the proposal

will produce public benefits that

outweigh any potential adverse effects.

In particular, Applicants maintain that

the proposal will enhance competition

and enable Applicants to offer their

customers a broader range of products.

In addition, Applicants state that the

proposed activities will not result in

adverse effects such as an undue

concentration of resources, decreased or

unfair competition, conflicts of interest,

or unsound banking practices.

In publishing the proposal for

comment, the Board does not take a

position on issues raised by the

proposal. Notice of the proposal is

published solely to seek the views of

interested persons on the issues

presented by the application and does

not represent a determination by the

Board that the proposal meets, or is

likely to meet, the standards of the BHC

Act.

Any comments or requests for hearing

should be submitted in writing and

received by William W. Wiles,

Secretary, Board of Governors of the

Federal Reserve System, Washington,

DC 20551, not later than February 3,

1995. Any request for a hearing on this

application must, as required by §

262.3(e) of the Board’s Rules of

Procedure (12 CFR 262.3(e)), be

accompanied by a statement of the

reasons why a written presentation

would not suffice in lieu of a hearing,

identifying specifically any questions of

fact that are in dispute, summarizing the

evidence that would be presented at a

hearing, and indicating how the party

commenting would be aggrieved by

approval of the proposal.

This application may be inspected at

the offices of the Board of Governors or

the Federal Reserve Bank of New York.

Board of Governors of the Federal Reserve

System, January 12, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–1305 Filed 1–18–95; 8:45 am]

BILLING CODE 6210–01–F

Josephine F. Waine 1992 Trust;

Change in Bank Control Notice

Acquisition of Shares of Banks or

Bank Holding Companies

The notificant listed below has

applied under the Change in Bank

Control Act (12 U.S.C. 1817(j)) and §

225.41 of the Board’s Regulation Y (12

CFR 225.41) to acquire a bank or bank

holding company. The factors that are

considered in acting on notices are set

forth in paragraph 7 of the Act (12

U.S.C. 1817(j)(7)).

The notice is available for immediate

inspection at the Federal Reserve Bank

indicated. Once the notice 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 indicated

for the notice or to the offices of the

Board of Governors. Comments must be

received not later than January 31, 1995.

A. Federal Reserve Bank of Boston

(Robert M. Brady, Vice President) 600

Atlantic Avenue, Boston, Massachusetts

02106:

1. Josephine F. Waine 1992 Trust,

Marco Island, Florida; to acquire an

additional 6.2 percent (for a total of 11.5

percent) of the voting shares of Pacific

National Corporation, Nantucket,

Massachusetts, and thereby indirectly

acquire Pacific National Bank of

Nantucket, Nantucket, Massachusetts.

Board of Governors of the Federal Reserve

System, January 12, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–1307 Filed 1–18–95; 8:45 am]

BILLING CODE 6210–01–F

Norwest Corporation, et al.; Notice of

Applications to Engage de novo in

Permissible Nonbanking Activities

The companies listed in this notice

have filed an application under §

225.23(a)(1) of the Board’s Regulation Y

(12 CFR 225.23(a)(1)) for the Board’s

approval under section 4(c)(8) of the

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

1843(c)(8)) and § 225.21(a) of Regulation

Y (12 CFR 225.21(a)) to commence or to

engage de novo, either directly or

through a subsidiary, in a nonbanking

activity that is listed in § 225.25 of

Regulation Y as closely related to

banking and permissible for bank

holding companies. Unless otherwise

noted, such activities will be conducted

throughout the United States.

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 on the

question whether consummation of the

proposal can ‘‘reasonably be expected to

produce benefits to the public, such as

greater convenience, increased

competition, or gains in efficiency, that

outweigh possible adverse effects, such

as undue concentration of resources,

decreased or unfair competition,

conflicts of interests, or unsound

banking practices.’’ Any request for a

hearing on this question must be

accompanied by a statement of the

reasons a written presentation would

not suffice in lieu of a hearing,

identifying specifically any questions of

fact that are in dispute, summarizing the

evidence that would be presented at a

hearing, and indicating how the party

commenting would be aggrieved by

approval of the proposal.

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 February 1, 1995.

A. Federal Reserve Bank of

Minneapolis (James M. Lyon, Vice

President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480:

1. Norwest Corporation, Minneapolis,

Minnesota; to engage de novo through

its wholly-owned subsidiary, Norwest

Mortgage, Inc., Des Moines, in a joint

venture with Mountain Pacific

Mortgage, San Diego, California, and

thereby engage in the residential

mortgage lending business pursuant to §

225.25(b)(1) of the Board’s Regulation Y.

B. Federal Reserve Bank of San

Francisco (Kenneth R. Binning,

Director, Bank Holding Company) 101
Federal Register / Vol. 60, No. 12 / Thursday, January 19, 1995 / Notices 3869

Market Street, San Francisco, California

94105:

1. U.S. Bancorp, Portland, Oregon; to

engage de novo through U.S. Trade

Services, Inc., Portland, Oregon, in

issuing and paying letters of credit in

Hong Kong and world-wide as well as

conduct related letter of credit

processing such as examining

documents presented under letter of

credit, transferring letters of credit at the

request of beneficiaries, and creating

trade acceptances from usance draft

drawn under letter of credit pursuant to

§ 225.25(b)(1)(iv) of the Board’s

Regulation Y.

Board of Governors of the Federal Reserve

System, January 12, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–1306 Filed 1–18–95; 8:45 am]

BILLING CODE 6210–01–F

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Health Care Financing Administration

Statement of Organization, Functions,

and Delegations of Authority

Part F of the Statement of

Organization, Functions, and

Delegations of Authority for the

Department of Health and Human

Services, Health Care Financing

Administration (HCFA), (Federal

Register, Vol 59, No. 102, pg. 27565,

dated Friday, May 27, 1994) is amended

to reflect an organizational change

within the Bureau of Program

Operations (BPO).

BPO is centralizing the Medicare

Transaction System (MTS) activities

within the currently established

Medicare Transaction System Initiative

Task Force. This change requires an

amendment to the functional statement

for the Medicare Transaction System

Initiative Task Force (FLB–4) to reflect

the Task Forces’ responsibility for: (1)

The oversight, coordination, and day-today monitoring of the MTS maintenance

contract and the contract for

independent verification and validation

of the MTS development; and (2) the

quality assurance of MTS development

throughout the system development life

cycle.

The specific amendment to part F is

described below:

Section F.20.g., Medicare Transaction

System Initiative Task Force (FLB–4) is

deleted and replaced with the following:

g. Medicare Transaction System

Initiative Task Force (FLB–4)

• Serves as the Agency focal point for

the management and coordination of the

Medicare Transaction System (MTS)

initiative. Represents HCFA to the

Department, other Federal Agencies,

and outside organizations.

• Provides direction and technical

guidance for the design, development,

implementation, verification and

validation, and maintenance of the MTS

to integrate Medicare Part A and Part B

claims processing systems.

• Provides technical management,

oversight, coordination, and day-to-day

monitoring for the MTS design,

development, validation,

implementation, and maintenance

contract and the contract for

independent verification and validation

of the MTS development.

• Develops, implements, directs, and

operates activities to assure the quality

of MTS development throughout the

system development life cycle.

• Establishes national policy and

procedures and the transition of

Medicare claims processing from the

current Part A and Part B systems to the

integrated MTS, operating sites, and

local contractor operations.

• Recommends alternatives to

existing processes and procedures and

methods for improvement.

• Oversees the development of

specifications for, and management of,

any procurements that are necessary to

conduct experiments incorporating

approved alternatives to existing

processes and procedures.

Dated: January 6, 1995.

Steven A. Pelovitz,

Associate Administrator for Operations and

Resource Management.

[FR Doc. 95–1308 Filed 1–18–95; 8:45 am]

BILLING CODE 4120–01–P

DEPARTMENT OF THE INTERIOR

Bureau of Land Management

[ES–030–5–1430–01]

Realty Action: Sale of Public Land in

Morgan County, Missouri

ACTION: Realty Action: Recreation and

public purposes classification-MOES–

036109.

SUMMARY: The following land has been

classified as suitable for disposal to the

Missouri Department of Conservation

under authority of the Recreation and

Public Purposes Act of 1926 (44 Stat.

741), as amended, 43 U.S.C. 869:

Fifth Principal Meridian,

T.41N., R.18W.,

Sec. 28, SWSW.

Containing 40.0 acres.

The purpose of this conveyance is to

provide additional wildlife habitat to

the adjacent Proctor Towersite State

Wildlife Area.

The patent, when issued, will be

subject to the provisions in 43 CFR

2741.8. In the event of noncompliance

with the terms of the patent, title to the

land shall revert to the United States.

Classification of this land will segregate

it from all appropriation except as to

applications under the mineral leasing

laws and the Recreation and Public

Purposes Act. This segregation will

terminate upon issuance of a patent, or

eighteen (18) months from the date of

this Notice, or upon publication of a

notice of termination.

COMMENTS: For a period of 45 days from

the date of first publication of this

notice, interested parties may submit

comments to: District Manager,

Milwaukee District Office, Bureau of

Land Management, P.O. Box 631,

Milwaukee, Wisconsin 53201–0631.

FOR FURTHER INFORMATION CONTACT:

Detailed information concerning this

application is available at the

Milwaukee District Office, Bureau of

Land Management, 310 West Wisconsin

Avenue, Suite 225, Milwaukee,

Wisconsin 53203 or by calling Larry

Johnson at 414–297–4413.

Dated: January 6, 1995.

Gary D. Bauer,

District Manager.

[FR Doc. 95–1278 Filed 1–18–95; 8:45 am]

BILLING CODE 4310–GJ–M

[NM–060–05–1050–00–602]

Collection of Entrance Fees for

Specific Caves in Areas Listed as

‘‘Special Areas’’ and Special

Recreation Management Areas (SRMA)

Within the Bureau of Land

Management (BLM) Roswell District,

New Mexico

AGENCY: Bureau of Land Management,

Roswell District.

ACTION: Cave entrance fee collection.

SUMMARY: The Roswell District, with

authorization by the State Director, has

determined that it would be feasible to

collect fees for entrance to specific

managed caves within the District. The

feasibility is based on the deficit

reduction legislation of Public Law 103–

66, the Omnibus Budget Reconciliation

Act of 1993, which further amended the

Land and Water Conservation Fund Act

(LWCFA) of 1965. The authorization is

also based on the BLM Use Fee Policy

for Recreation Areas in New Mexico of

August 1989.