Federal Register / Vol. 66, No. 100 / Wednesday, May 23, 2001 / Notices 28493

Board of Governors of the Federal Reserve

System, May 17, 2001.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 01–12970 Filed 5–22–01; 8:45 am]

BILLING CODE 6210–01–S

FEDERAL RESERVE SYSTEM

Agency Information Collection

Activities: Proposed Collection;

Comment Request

AGENCY: Board of Governors of the

Federal Reserve System.

SUMMARY:

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

collections, which are being handled

under this delegated authority, have

received initial Board approval and are

hereby published for comment. At the

end of the comment period, the

proposed information collections, 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

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 23, 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, NW.

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 Extension for

Three Years, Without Revision, of the

Following Reports

1. Report title: Report of Selected

Balance Sheet Items for Discount

Window Borrowers.

Agency form number: FR 2046.

OMB control number: 7100–0289.

Frequency: On occasion.

Reporters: Depository institutions.

Annual reporting hours: 2,654 hours.

Estimated average hours per response:

0.75 hours for adjustment or extended

credit borrower; 0.25 hours for seasonal

credit borrowers.

Number of respondents: 684.

Small businesses are affected.

General description of report: This

information collection is required by

sections 10B, 11(a)(2), and 11(i) of the

Federal Reserve Act (12 U.S.C. 347b and

248(a)(2) and (i)) and individual

respondent data are regarded as

confidential (5 U.S.C. 552(b)(4)).

Abstract: The Federal Reserve’s

Regulation A, ‘‘Extensions of Credit by

Federal Reserve Banks,’’ requires that

Reserve Banks review balance sheet data

in order to guard against inappropriate

discount window borrowing situations.

Borrowers report certain balance sheet

data for a period that encompasses the

dates of borrowing.

2. Report title: Report of Terms of

Credit Card Plans.

Agency form number: FR 2572.

OMB control number: 7100–0239.

Frequency: Semiannual.

Reporters: Commercial banks, savings

and loans, savings banks, and finance

companies.

Annual reporting hours: 75 hours.

Estimated average hours per response:

0.25 hours.

Number of respondents: 150.

Small businesses are not affected.

General description of report: The

Board is authorized to collect this

voluntary information collection (15

U.S.C. 1646(b)). The data are not

considered confidential.

Abstract: This report was collected for

the last time as of January 31, 2000; it

was discontinued prior to the July 2000

reporting date pursuant to the Federal

Reports Elimination and Sunset Act of

1995 (Sunset Act) (Pub. L. 104–66). In

December 2000, the Congress approved

the American Homeownership and

Economic Opportunity Act of 2000 (Act)

that restored the reporting of this

information collection, along with forty

others. Title XI of the Act states that

Section 3003(a)(1) of the Sunset Act

‘‘shall not apply to any report required

to be submitted under any of the

following provisions of law: * * *

28494 Federal Register / Vol. 66, No. 100 / Wednesday, May 23, 2001 / Notices

Section 8 of the Fair Credit and Charge

Card Disclosure Act of 1998 (15 U.S.C.

1637 note); * * *’’. Upon reinstatement,

this report will collect data on credit

card pricing and availability from a

sample of at least 150 financial

institutions that offer credit cards. The

information will be reported to the

Congress and made available to the

public in order to promote competition

within the industry.

3. Report title: Annual Report on

Status of Disposition of Assets Acquired

in Satisfaction of Debts Previously

Contracted.

Agency form number: FR 4006.

OMB control number: 7100–0129.

Frequency: Annual.

Reporters: Banking holding

companies.

Annual reporting hours: 3,000 hours.

Estimated average hours per response:

5 hours.

Number of respondents: 600.

Small businesses are affected.

General description of report: This

information collection is required (12

U.S.C. 1842(a) and 1843(c)(2)) and may

be given confidential treatment upon

request (5 U.S.C. 552(b)(4)).

Abstract: Bank holding companies

that have acquired assets or shares

through foreclosure in the ordinary

course of collecting a debt previously

contracted (DPC) are required to submit

the report annually for assets or shares

that have been held beyond two years

from the acquisition date. The report

does not have a required format; bank

holding companies submit the

information in a letter. The letter

contains information on the progress

made to dispose of such assets or shares

and also requests permission for a oneyear extension to hold them, as

applicable. The Federal Reserve may

grant requests for up to three one-year

extensions. This report is required

pursuant to the Board’s authority under

the Bank Holding Company Act and

Regulation Y. The Federal Reserve uses

the information to fulfill its statutory

obligation to supervise bank holding

companies.

4. Report title: Notice of Branch

Closure.

Agency form number: FR 4031.

OMB control number: 7100–0264.

Frequency: on occasion.

Reporters: state member banks.

Annual reporting hours: 783 hours.

Estimated average hours per response:

2 hours for reporting requirements; 1

hour for disclosure requirements; 8

hours for recordkeeping requirements.

Number of respondents: 226.

Small businesses are affected.

General description of report: This

information collection is mandatory (12

U.S.C. 1831r–1(a)(1)) and may be given

confidential treatment upon request (5

U.S.C. 552(b)(4)).

Abstract: These reporting,

recordkeeping, and disclosure

requirements regarding the closing of

any branch of an insured depository

institution are imposed by section 228

of the Federal Deposit Insurance

Corporation Improvement Act of 1991

(FDICIA). There is no reporting form

associated with the reporting portion of

this information collection; state

member banks notify the Federal

Reserve by letter prior to closing a

branch. The Federal Reserve uses the

information to fulfill its statutory

obligation to supervise state member

banks.

Board of Governors of the Federal Reserve

System, May 17, 2001.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc. 01–12971 Filed 5–22–01; 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 June 15, 2001.

A. Federal Reserve Bank of Chicago

(Phillip Jackson, Applications Officer)

230 South LaSalle Street, Chicago,

Illinois 60690–1414:

1. Bank of Montreal, Toronto, Ontario,

Canada, and Bankmont Financial Corp.,

Chicago, Illinois; to merge with First

National Bancorp, Inc., Joliet, Illinois,

and thereby indirectly acquire voting

shares of First National Bank of Joliet,

Joliet, Illinois.

2. Harris Joliet Bankcorp, Inc.,

Chicago, Illinois; to become a bank

holding company by acquiring 100

percent of the voting shares of First

National Bancorp, Inc., Joliet, Illinois,

and thereby indirectly acquire voting

shares of First National Bank of Joliet,

Joliet, Illinois.

B. Federal Reserve Bank of Dallas

(W. Arthur Tribble, Vice President) 2200

North Pearl Street, Dallas, Texas 75201–

2272:

1. Bank of DeSoto, N.A., Employee

Stock Ownership Trust, DeSoto, Texas;

to acquire 38.43 percent of the voting

shares of D Bancorp, Inc., DeSoto,

Texas, and thereby indirectly acquire

voting shares of Bank of DeSoto, N.A.,

DeSoto, Texas.

Board of Governors of the Federal Reserve

System, May 17, 2001.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 01–12969 Filed 5–22–01; 8:45 am]

BILLING CODE 6210–01–S

GENERAL ACCOUNTING OFFICE

Commercial Activities Panel

AGENCY: General Accounting Office.

ACTION: Notice of public hearing.

SUMMARY: Section 832 of the National

Defense Authorization Act for Fiscal

Year 2001 requires the Comptroller

General of the United States to convene

a panel of experts to study the transfer

of commercial activities currently

performed by government employees to

federal contractors, a procedure

commonly known as ‘‘contracting out’’

or ‘‘outsourcing.’’ This notice

announces the first of three public

hearings to be held by the Commercial

Activities Panel (‘‘the Panel’’). For the

first hearing, the Panel is interested in

hearing views on the principles and

policies that should govern decisions

concerning whether particular functions

should be performed by the public

sector or the private sector.