23930 Federal Register / Vol. 66, No. 91 / Thursday, May 10, 2001 / Notices

proposed 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; and

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.

DATES: Comments must be submitted on

or before July 9, 2001.

ADDRESSES: Comments, which should

refer to the OMB control number or

agency form number, 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

mailed electronically to

regs.comments@federalreserve.gov.

Comments addressed to Ms. Johnson

may be delivered to the Board’s

mailroom between 8:45 a.m. and 5:15

p.m., and to the security control room

outside of those hours. Both the

mailroom 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 a.m. and 5

p.m., except as provided in section

261.14 of the Board’s Rules Regarding

Availability of Information, 12 CFR

261.14(a).

A copy of the comments may also be

submitted to the OMB desk officer for

the Board: 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: A

copy of the proposed form and

instructions, the Paperwork Reduction

Act Submission (OMB 83–I), supporting

statement, and other documents that

will be placed into OMB’s public docket

files once approved may be requested

from the agency clearance officer, whose

name appears below.

Mary M. West, Federal Reserve Board

Clearance Officer (202–452–3829),

Division of Research and Statistics,

Board of Governors of the Federal

Reserve System, Washington, DC 20551.

Telecommunications Device for the Deaf

(TDD) users may contact Capria

Mitchell (202) 872–4984, Board of

Governors of the Federal Reserve

System, Washington, DC 20551.

Proposal To Approve Under OMB

Delegated Authority the

Implementation of the Following

Report

Report title: the Consolidated Bank

Holding Company Report of Equity

Investments in Nonfinancial

Companies.

Agency form number: FR Y–12.

Frequency: Quarterly and semiannually.

Reporters: Bank holding companies.

Annual reporting hours: 14,112 hours.

Estimated average hours per response:

16 hours.

Number of respondents: 232.

Small businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 1844(c)) and data may be exempt

from disclosure pursuant to sections

(b)(4) and (b)(8) of the Freedom of

Information Act (5 U.S.C. 552(b)(4) and

(8)).

Current Actions: The Federal Reserve

proposes to implement the mandatory

FR Y–12. The FR Y–12 would collect

information from certain domestic bank

holding companies on their investments

in nonfinancial companies on three

schedules: Type of Investments, Type of

Security, and Type of Entity within the

Banking Organization. Large bank

holding companies would report on a

quarterly basis, and small bank holding

companies would report semi-annually.

BHC investments in nonfinancial

companies have increased significantly

over the past several years. These

investments have contributed

significantly to earnings and capital at

institutions actively involved in this

business line. Equity investments also

have contributed to the volatility of

earnings and capital in recent periods

and have increased some institutions’

risk profiles. The GLB Act permits

financial holding companies to make

investments in any amount in any type

of nonfinancial company as part of a

securities underwriting or merchant or

investment banking activity. The

investments permissible under the GLB

Act’s merchant banking authority are

substantially broader in scope than the

investment activities otherwise

permissible for BHCs. Thus, these

investments present the potential for

additional volatility and risk in banking

organizations’ portfolios.

The FR Y–12 would provide valuable

supervisory information that would

permit examiners and other supervisory

staff to monitor the on-going growth and

contribution to profitability of this

increasingly active business line. For

institutions active in this business line,

annual reviews generally are conducted.

The FR Y–12 would serve as an

important risk-monitoring device for

institutions active in this business line

by allowing supervisory staff to monitor

an institution’s activity between review

dates. It also could serve as an ‘‘early

warning’’ mechanism to identify

institutions whose activities in this area

are growing rapidly and that, therefore,

may warrant special supervisory

attention.

On January 31, 2001, the Board and

the Treasury Department published a

final rule in the Federal Register on

merchant banking investments made by

financial holding companies (66 FR

8466). In Section 225.175 of this final

rule, the two agencies stated that

reporting forms to fulfill the quarterly

and annual reporting requirements

associated with this rule would be

published separately. Institutions will

not be held responsible for these

reporting requirements until the

reporting forms are finalized. This

proposal covers the quarterly reporting

requirements; the reporting forms for

the annual reporting requirements will

be addressed in a separate proposal later

this year. The annual report would

obtain information on merchant banking

investments that have been held for an

extended period of time.

The Federal Reserve would also like

to solicit public comment on the burden

of collecting a memorandum item on

consolidated recognized gains or losses

on equity investments in nonfinancial

companies. This item is being

considered for purposes of determining

what portion of a BHC’s consolidated

net income is derived from equity

investment activities.

Board of Governors of the Federal Reserve

System, May 4, 2001.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc. 01–11749 Filed 5–9–01; 8:45 am]

BILLING CODE 6210–01–P

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Office of the Secretary

Agency Information Collection

Activities; Proposed Collections;

Comment Request

The Department of Health and Human

Services, Office of the Secretary will

periodically publish summaries of

proposed information collections

projects and solicit public comments in

compliance with the requirements of

Section 3506(c)(2)(A) of the Paperwork

Reduction Act of 1995. To request more

information on the project or to obtain

Federal Register / Vol. 66, No. 91 / Thursday, May 10, 2001 / Notices 23931

a copy of the information collection

plans and instruments, call the OS

Reports Clearance Officer on (202) 690–

6207.

Comments are invited on: (a) Whether

the proposed collection of information

is necessary for the proper performance

of the functions of the agency, including

whether the information shall have

practical utility; (b) the accuracy of the

agency’s estimate of the burden of the

proposed collection of information; (c)

ways to enhance the quality, utility and

clarity of the information to be

collected; and (d) ways to minimize the

burden of the collection of information

on respondents, including through the

use of automated collection techniques

or other forms of information

technology.

Proposed Projects 1. National Study of

Child Protective Services Systems and

Reform Efforts—NEW—The Office of

the Assistant Secretary for Planning and

Evaluation is proposing to conduct a

study which will document the evolving

practices underway in the field of Child

Protective Services (CPS). Specifically,

State officials will be interviewed to

obtain an updated picture of current

policy; local CPS agencies serving a

stratified random sample of 150

counties will be surveyed and; on-site

visits will be conducted at 9–12 local

CPS agencies that are implementing

innovative practices in their delivery of

services. For burden estimates see table.

Instrument Number of

respondents Responses Hours perresponse Total hours

State—CPS Directors ...................................................................................... 51 1 2 102

State—Hotline .................................................................................................. 25 1 1 25

Local Survey—Administration .......................................................................... 150 1 .5 75

Local Survey—Intake ....................................................................................... 150 1 1 150

Local Survey—Investigation ............................................................................ 225 1 1 225

Local Survey—Other CPS Resp ..................................................................... 100 1 1 100

Local Survey—New Directions ........................................................................ 150 1 1 150

Local Survey—Additional ................................................................................. 40 1 1 40

Site Visit—Director Interview ........................................................................... 12 1 1 12

Site Visit—Reform Managers .......................................................................... 16 1 2 32

Site Visit—Worker Focus Group ...................................................................... 60 1 2 120

Site Visit—External Managers ......................................................................... 40 1 2 80

Site Visit—Manager Focus Group ................................................................... 96 1 2 192

Total .......................................................................................................... 1,115 ........................ ........................ 1,303

Send comments to Cynthia Agens

Bauer, OS Reports Clearance Officer,

Room 503H, Humphrey Building, 200

Independence Avenue SW.,

Washington, DC 20201. Written

comments should be received within 60

days of this notice.

Dated: May 3, 2001.

Kerry Weems,

Acting Deputy Assistant Secretary, Budget.

[FR Doc. 01–11731 Filed 5–9–01; 8:45 am]

BILLING CODE 4154–05–M

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Agency For Healthcare Research and

Quality

Contract Review Meeting

In accordance with section 10(a) of

the Federal Advisory Committee Act as

amended (5 U.S.C., Appendix 2),

announcement is made of an Agency for

Healthcare Research and Quality

(AHRQ) Technical Review Committee

(TRC) meeting. This TRC’s charge is to

provide review of contract proposals

and recommendations to the Director,

AHRQ, with respect to the technical

merit of proposals submitted in

response to a Request for Proposals

(RFPs) regarding ‘‘Developing Tools to

Enhance Quality and Patient Safety

Through Medical Informatics’’, issued

on January 31, 2001. The contract will

constitute AHRQ’s participation in the

Small Business Innovation Research

program.

The upcoming TRC meeting will be

closed to the public in accordance with

the Federal Advisory Committee Act

(FACA), section 10(d) of 5 U.S.C.,

Appendix 2, implementing regulations,

and procurement regulations, 41 CFR

101–6.1023 and 48 CFR section

315.604(d). This discussions at this

meeting of contract proposals submitted

in response to the above-referenced RFP

are likely to reveal proprietary

information and personal information

concerning individuals associated with

the proposals. Such information is

exempt from disclosure under the

above-cited FACA provision that

protects the free exchange of candid

views, and under the procurement rules

that prevent undue interference with

Committee and Department operations.

Name of TRC: The Agency for

Healthcare Research and Quality—

‘‘Developing Tools to Enhance Quality

and Patient Safety Through Medical

Informatics’’.

Date: May 21 & 22, 2001 (Closed to

the public).

Place: Sheraton Four Points Hotel,

8400 Wisconsin Avenue, Ambassador I

Room, Bethesda, MD 20814.

Contact Person: Anyone wishing to

obtain information regarding this

meeting should contact Eduardo Ortiz,

Center for Primary Care Research,

Agency for Healthcare Research and

Quality, 6010 Executive Blvd., Suite

201, Rockville, Maryland 20852, 301–

594–6236.

Dated: May 1, 2001.

John M. Eisenberg,

Director.

[FR Doc. 01–11741 Filed 5–9–01; 8:45 am]

BILLING CODE 4160–90–M

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Centers for Disease Control and

Prevention

[60Day–01–37]

Proposed Data Collections Submitted

for Public Comment and

Recommendations

In compliance with the requirement

of Section 3506(c)(2)(A) of the

Paperwork Reduction Act of 1995 for

opportunity for public comment on

proposed data collection projects, the

Centers for Disease Control and

Prevention (CDC) will publish periodic

summaries of proposed projects. To

request more information on the

proposed projects or to obtain a copy of