Federal Register / Vol. 66, No. 87 / Friday, May 4, 2001 / Notices 22559

quality. They further note that market

discipline will be reduced, rather than

enhanced, by the release of information

that is highly susceptible to

misinterpretation to the extent that it

could cause an unjustifiable loss of

funding to the industry. However,

banking supervisors have consistently

found information on loans and leases

past due 30 through 89 days to be

helpful in identifying financial

institutions with emerging asset quality

problems. Therefore, the agencies

believe that such information is a useful

indicator of general asset quality and

will not represent misleading

information to the public.

Currently the agencies publicly

disclose information reported by

insured commercial banks, FDICsupervised savings banks, and bank

holding companies on loans and leases

that are past due 90 days or more and

still accruing, in nonaccrual status, or

restructured and in compliance with

modified terms. The agencies will

publicly disclose reported information

on loans and leases that are past due 30

through 89 days and still accruing for

these institutions effective as of June 30,

2001. However, for periods prior to June

30, 2001, such past due data will not be

publicly disclosed on an individual

institution basis. Disclosing the

information reported on Schedule N of

the FFIEC 002 will also provide for a

consistent reporting treatment with

other U.S. banking institutions.

Request for Comment

Comments submitted in response to

this Notice will be shared among the

agencies and will be summarized or

included in the Board’s request 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 as well as other

relevant aspects of the information

collection requests. Comments are

invited on:

(a) Whether the proposed collection of

information 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

the 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.

Board of Governors of the Federal Reserve

System, April 30, 2001.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc. 01–11164 Filed 5–3–01; 8:45 am]

BILLING CODE 6210–01–P

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

(12 U.S.C. 1843). Unless otherwise

noted, nonbanking activities will be

conducted throughout the United States.

Additional information on all bank

holding companies may be obtained

from the National Information Center

website at www.ffiec.gov/nic/.

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 May 29, 2001.

A. Federal Reserve Bank of Chicago

(Phillip Jackson, Applications Officer)

230 South LaSalle Street, Chicago,

Illinois 60690–1414:

1. Henry State Bancorp, Inc., Henry,

Illinois; to become a bank holding

company by acquiring 100 percent of

the voting shares of Henry State Bank,

Henry, Illinois.

B. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri

63166–2034:

1. Home Bancshares, Inc., Conway,

Arkansas, to acquire 28.6 percent of the

voting shares of Russellville Bancshares,

Inc., Jonesboro, Arkansas, and thereby

acquire First Arkansas Valley Bank,

Russellville, Arkansas. In addition,

Russellville Bancshares, Inc., also has

applied to become a bank holding

company by acquiring 86 percent of the

First Arkansas Valley Bank, Russellville,

Arkansas.

Board of Governors of the Federal Reserve

System, April 30, 2001.

Robert deV. Frierson

Associate Secretary of the Board.

[FR Doc. 01–11166 Filed 5–3–01; 8:45 am]

BILLING CODE 6210–01–S

FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and

Mergers of Bank Holding Companies;

Correction

This notice corrects a notice (FR Doc.

01-10469) published on pages 21157

and 21158 of the issue for Friday, April

27, 2001.

Under the Federal Reserve Bank of St.

Louis heading, the entry for

Harrodsburg First Financial Bancorp,

Inc., Harrodsburg, Kentucky, is revised

to read as follows:

A. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri

63166–2034:

1. Harrodsburg First Financial

Bancorp, Inc., to become a bank holding

company by acquiring 100 percent of

the voting shares of Citizens Financial

Bank, Glasgow, Kentucky.

In connection with this application,

Applicant also has applied to retain

ownership of its thrift subsidiary, First

Financial Bank, Harrodsburg, Kentucky,

and thereby engage in operating a

savings association, pursuant to §

225.24(b)(4) of Regulation Y.

Comments on this application must

be received by May 21, 2001.

Board of Governors of the Federal Reserve

System, April 30, 2001.

Robert deV. Frierson

Associate Secretary of the Board.

[FR Doc. 01–11167 Filed 5–3–01; 8:45 am]

BILLING CODE 6210–01–S