Federal Register / Vol. 66, No. 91 / Thursday, May 10, 2001 / Notices 23929

Description: Pursuant to 47 U.S.C.

section 252 and 47 CFR 51.803 any

interested party seeking preemption of a

state commission’s jurisdiction based on

the state commission’s failure to act

shall notify the Commission as follows:

(1) file with the Secretary of the

Commission a detailed petition,

supported by an affidavit, that states

with specificity the basis for any claim

that it has failed to act; and (2) serve the

state commission and other parties to

the proceeding on the same day that the

party serves the petition on the

Commission. Within 15 days of the

filing of the petition, the state

commission and parties to the

proceeding may file a response to the

petition. In a Public Notice (DA 97–

2256), the Commission set out

procedures for filing petitions for

preemption pursuant to 47 U.S.C.

section 252(e)(5). All of the

requirements are used to ensure that

petitions have complied with their

obligations under the Communications

Act of 1934, as amended. Obligation to

respond: Required to obtain or retain

benefits. Public reporting burden for the

collection of information is as noted

above. Send comments regarding the

burden estimate or any other aspect of

the collections of information, including

suggestions for reducing the burden to

Performance Evaluation and Records

Management, Washington, DC 20554.

Federal Communications Commission.

Magalie Roman Salas,

Secretary.

[FR Doc. 01–11764 Filed 5–9–01; 8:45 am]

BILLING CODE 6712–01–P

FEDERAL COMMUNICATIONS

COMMISSION

[Report No. 2481]

Petitions for Reconsideration and

Clarification of Action in Rulemaking

Proceedings

May 3, 2001.

Petitions for Reconsideration and

Clarification have been filed in the

Commission’s rulemaking proceedings

listed in this Public Notice and

published pursuant to 47 CFR section

1.429(e). The full text of these

documents are available for viewing and

copying in Room CY–A257, 445 12th

Street, S.W., Washington, D.C. or may

be purchased from the Commission’s

copy contractor, ITS, Inc. (202) 857–

3800. Oppositions to these petitions

must be filed by May 25, 2001. See

section 1.4(b)(1) of the Commission’s

rules (r7 CFR 1.4(b)(1)). Replies to an

opposition must be filed within10 days

after the time for filing oppositions have

expired.

Subject: Federal-State Joint Board on

Universal Service (CC Docket No. 96–

45).

Number of Petitions Filed: 1.

Subject:

Carriage of Digital Television Broadcast

Stations (CS Docket No. 98–120)

Amendments to Part 76 of the

Commission’s Rules

Implementation of the Satellite Home

Viewer Improvement Act of 1999:

Local Broadcast Signal Carriage Issues

(CS Docket No. 00–96)

Application of Network NonDuplication, Syndicated Exclusively

and Sports Blackout Rules to Satellite

Retransmission of Broadcast Signals

(CS Docket No. 00–2)

Number of Petitions Filed: 10.

Federal Communications Commission.

Magalie Roman Salas,

Secretary.

[FR Doc. 01–11844 Filed 5–9–01; 8:45 am]

BILLING CODE 6712–01–M

FEDERAL ELECTION COMMISSION

Sunshine Act Meeting

AGENCY: Federal Election Commission.

DATE & TIME: Tuesday, May 15, 2001 at

10:00 a.m.

PLACE: 999 Street, NW., Washington,

DC.

STATUS: This meeting will be closed to

the public.

ITEMS TO BE DISCUSSED: 

Compliance matters pursuant to 2

U.S.C. § 437g

Audits conducted pursuant to 2 U.S.C.

§ 437g, § 438(b), and Title 26, U.S.C.

Matters concerning participation in civil

actions or proceedings or arbitration

Internal personnel rules and procedures

or matters affecting a particular

employee

* * * * *

DATE & TIME: Thursday, May 17, 2001 at

10:00 a.m.

PLACE: 999 E Street, N.W., Washington,

DC. (Ninth Floor)

STATUS: This meeting will be open to the

public.

ITEMS TO BE DISCUSSED: 

Correction and Approval of Minutes

Final Audit Report on the California

State Republican Party

Administration Matters

PERSON TO CONTACT FOR INFORMATION:

Mr. Ron Harris, Press Officer,

Telephone: (202) 694–1220.

Mary W. Dove,

Secretary of the Commission.

[FR Doc. 01–11878 Filed 5–8–01; 11:01 am]

BILLING CODE 6715–01–M

FEDERAL RESERVE SYSTEM

Agency Information Collection

Activities: Proposed Collection;

Comment Request

AGENCY: Board of Governors of the

Federal Reserve System, Federal

Reserve System.

Background

On June 15, 1984, the Office of

Management and Budget (OMB)

delegated to the Board of Governors of

the Federal Reserve System (Board) its

approval authority under the Paperwork

Reduction Act, as per 5 CFR 1320.16, to

approve of and assign OMB control

numbers to collection of information

requests and requirements conducted or

sponsored by the Board under

conditions set forth in 5 CFR 1320

Appendix A.1. Board-approved

collections of information are

incorporated into the official OMB

inventory of currently approved

collections of information. Copies of the

OMB 83–Is and supporting statements

and approved collection of information

instruments are placed into OMB’s

public docket files. The Federal Reserve

may not conduct or sponsor, and the

respondent is not required to respond

to, an information collection that has

been extended, revised, or implemented

on or after October 1, 1995, unless it

displays a currently valid OMB control

number.

Request for Comment on Information

Collection Proposal

The following information collection,

which is being handled under this

delegated authority, has received initial

Board approval and is hereby published

for comment. At the end of the comment

period, the proposed information

collection, along with an analysis of

comments and recommendations

received, will be submitted to the Board

for final approval under OMB delegated

authority. Comments are invited on the

following:

a. whether the proposed collection of

information is necessary for the proper

performance of the Federal Reserve’s

functions; including whether the

information has practical utility;

b. the accuracy of the Federal

Reserve’s estimate of the burden of the

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