2496 Federal Register / Vol. 73, No. 10 / Tuesday, January 15, 2008 / Notices 

1Copies of the Minutes of the Federal Open 

Market Committee meeting on December 11, 2007, 

which includes the domestic policy directive issued 

at the meeting, are available upon request to the 

Board of Governors of the Federal Reserve System, 

Washington, DC 20551. The minutes are published 

in the Federal Reserve Bulletin and in the Board’s 

annual report. 

regardless of the amount its total claims 

on nonrelated parties in subsequent 

quarters. In addition, if an insured 

branch reports $1 billion or more in 

total claims on nonrelated parties in 

Schedule RAL in two consecutive FFIEC 

002 reports beginning with its June 30, 

2008, report, daily average reporting 

would begin on the later date of March 

31, 2009, or the report date six months 

after the second consecutive quarter. An 

insured branch reporting less than $1 

billion in total claims on nonrelated 

parties in Schedule RAL of its FFIEC 

002 for March 31, 2008, would be 

permitted to continue to determine its 

assessment base using quarter-end 

balances until it met the twoconsecutive-quarter total claims size test 

for reporting daily averages unless it 

opted to determine its assessment base 

using daily averages. After an insured 

branch begins to report daily averages 

for its total deposits, allowable 

exclusions, and foreign deposits, either 

voluntarily or because it is required to 

do so, the insured branch would not be 

permitted to switch back to reporting 

only quarter-end balances. 

Under this proposal, insured branches 

will continue to report information on 

the number and amount of deposit 

accounts, the estimated amount of 

uninsured deposits (if total claims on 

nonrelated parties are $1 billion or 

more), and preferred deposits in 

Memorandum items 1 through 3 of 

Schedule O. However, the agencies are 

proposing to reduce the reporting 

frequency for the memorandum item for 

preferred deposits. This memorandum 

item would be reported only as of 

December 31 each year, which is 

consistent with the reporting frequency 

in the Call Report, rather than quarterly 

as at present. 

J. Instructional Clarifications 

For Schedule E, Column D, branches 

and agencies report all deposit liabilities 

of their International Banking Facilities 

(IBF). A footnote on the reporting form 

indicates that amounts in this column 

should exclude those IBF liabilities to 

be reported as federal funds purchased 

and securities sold under agreements to 

repurchase or as other borrowed money. 

In contrast, the FFIEC 002 instructions 

for Schedule E state that branches and 

agencies should ‘‘[r]eport in column D 

all deposit liabilities of the branch or 

agency’s International Banking Facility 

liabilities, regardless of whether they are 

transaction or nontransaction accounts. 

For purposes of this report, IBF deposit 

liabilities include deposits, placements, 

borrowings and similar obligations 

represented by promissory notes, 

acknowledgements of advance, or 

similar instruments that are not issued 

in negotiable or bearer form and that are 

issued to other IBFs or to nonrelated 

non-U.S. addressees, including banks.’’

Since the FFIEC 002 instructional 

language conflicts with the language in 

the footnote on the reporting form, 

which provides correct guidance, the 

agencies will clarify the FFIEC 002 

instructional language by removing the 

second sentence of the current 

instruction to Column D and by deleting 

the word ‘‘liabilities’’ the second time it 

appears in the first sentence of the 

current instruction. 

Request for Comment 

International Financial Reporting 

Standards 

On November 15, 2007, the Securities 

and Exchange Commission (SEC) 

approved amendments to its rules that 

would allow foreign private issuers to 

file financial statements prepared using 

International Financial Reporting 

Standards (IFRS) as issued by the 

International Accounting Standards 

Board without a reconciliation to U.S. 

generally accepted accounting 

principles (GAAP). The agencies have 

received a number of questions 

concerning the potential use of IFRS in 

regulatory reports, including the FFIEC 

002 and FFIEC 002s. 

The current reporting basis for the 

FFIEC 002 and FFIEC 002s is GAAP. 

The agencies are evaluating the 

potential use of IFRS in the FFIEC 002 

and FFIEC 002S. As part of this 

analysis, the agencies request comment 

on the following: 

(a) The ability of respondents to 

prepare the FFIEC 002 and FFIEC 002s 

based on IFRS as issued by the 

International Accounting Standards 

Board; 

(b) The degree to which respondents 

would need the agencies to provide 

specific reporting instructions to 

supplement IFRS to accurately prepare 

the FFIEC 002 and FFIEC 002s; and 

(c) The amount of time respondents 

would need to prepare their systems, 

personnel, and processes to transition 

from the current GAAP-based FFIEC 002 

and FFIEC 002S to IFRS-based reports. 

Paperwork Reduction Act Request for 

Comment 

Comments are invited on: 

a. Whether the information 

collections are 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 collections, 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 collections 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. 

Comments submitted in response to 

this notice will be shared among the 

agencies. All comments will become a 

matter of public record. Written 

comments should address the accuracy 

of the burden estimate and ways to 

minimize burden including the use of 

automated collection techniques or the 

use of other forms of information 

technology as well as other relevant 

aspects of the information collection 

request. 

Board of Governors of the Federal Reserve 

System, January 10, 2008. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. E8–531 Filed 1–14–08; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Federal Open Market Committee; 

Domestic Policy Directive of December 

11, 2007 

In accordance with § 271.25 of its 

rules regarding availability of 

information (12 CFR part 271), there is 

set forth below the domestic policy 

directive issued by the Federal Open 

Market Committee at its meeting held 

on December 11, 2007.1

The Federal Open Market Committee 

seeks monetary and financial conditions 

that will foster price stability and 

promote sustainable growth in output. 

To further its long-run objectives, the 

Committee in the immediate future 

seeks conditions in reserve markets 

consistent with reducing the federal 

funds rate at an average of around 41⁄4

percent. 


rwilkins on PROD1PC63 with NOTICES
Federal Register / Vol. 73, No. 10 / Tuesday, January 15, 2008 / Notices 2497 

By order of the Federal Open Market 

Committee, January 9, 2008. 

Brian F. Madigan, 

Secretary, Federal Open Market Committee. 

[FR Doc. 08–107 Filed 1–14–08; 8:45 am] 

BILLING CODE 6210–01–M 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Meeting of the National Vaccine 

Advisory Committee 

AGENCY: Department of Health and 

Human Services, Office of the Secretary. 

ACTION: Notice. 

SUMMARY: As stipulated by the Federal 

Advisory Committee Act, the 

Department of Health and Human 

Services (DHHS) is hereby giving notice 

that the National Vaccine Advisory 

Committee (NVAC) will hold a meeting. 

The meeting is open to the public. 

DATES: The meeting will be held on 

February 5, 2008, from 9 a.m. to 5 p.m., 

and on February 6, 2008, from 9 a.m. to 

5 p.m. 

ADDRESSES: Department of Health and 

Human Services; Hubert H. Humphrey 

Building, Room 800; 200 Independence 

Avenue, SW., Washington, DC 20201. 

FOR FURTHER INFORMATION CONTACT: Ms. 

Emma English, Program Analyst, 

National Vaccine Program Office, 

Department of Health and Human 

Services, Room 443–H Hubert H. 

Humphrey Building, 200 Independence 

Avenue, SW., Washington, DC 20201; 

(202) 690–5566, nvpo@hhs.gov. 

SUPPLEMENTARY INFORMATION: Pursuant 

to Section 2101 of the Public Service 

Act (42 U.S.C. 300aa–1), the Secretary of 

Health and Human Services was 

mandated to establish the National 

Vaccine Program to achieve optimal 

prevention of human infectious diseases 

through immunization and to achieve 

optimal prevention against adverse 

reactions to vaccines. The National 

Vaccine Advisory Committee was 

established to provide advice and make 

recommendations to the Assistant 

Secretary for Health, as the Director of 

the National Vaccine Program, on 

matters related to the program’s 

responsibilities. 

Topics to be discussed at the meeting 

include adult and adolescent 

immunization, vaccine supply, vaccine 

financing, seasonal influenza, and other 

Departmental vaccine priorities. A 

tentative agenda is currently available 

on the NVAC Web site: http:// 

www.hhs.gov/nvpo/nvac. 

Public attendance at the meeting is 

limited to space available. Individuals 

must provide a photo ID for entry into 

the Humphrey Building. Individuals 

who plan to attend and need special 

assistance, such as sign language 

interpretation or other reasonable 

accommodations, should notify the 

designated contact person. Members of 

the public will have the opportunity to 

provide comments at the meeting. 

Public comment will be limited to five 

minutes per speaker. Any members of 

the public who wish to have printed 

material distributed to NVAC members 

should submit materials to the 

Executive Secretary, NVAC, through the 

contact person listed above prior to 

close of business January 30, 2008. Preregistration is required for both public 

attendance and comment. Any 

individual who wishes to attend the 

meeting and/or participate in the public 

comment session should e-mail 

nvpo@hhs.gov or call 202–690–5566. 

Dated: January 9, 2008. 

Bruce Gellin, 

Director, National Vaccine Program Office. 

[FR Doc. E8–565 Filed 1–14–08; 8:45 am] 

BILLING CODE 4150–44–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Announcement of First Meeting of the 

Secretary’s Advisory Committee on 

National Health Promotion and Disease 

Prevention Objectives for 2020 

AGENCY: Department of Health and 

Human Services, Office of the Secretary, 

Office of Public Health and Science, 

Office of Disease Prevention and Health 

Promotion. 

ACTION: Notice of Meeting. 

Authority: 42 U.S.C. 217a, Section 222 

of the Public Health Service Act, as 

amended. The Committee is governed 

by the provision of Public Law 92–463, 

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

which sets forth standards for the 

formation and use of advisory 

committees. 

SUMMARY: The U.S. Department of 

Health and Human Services (HHS) 

announces the first in a series of federal 

advisory committee meetings regarding 

the national health promotion and 

disease prevention objectives for 2020 to 

be held in Washington, DC. These 

meetings will be open to the public. The 

Secretary’s Advisory Committee on 

National Health Promotion and Disease 

Prevention Objectives for 2020 will 

review the nation’s health promotion 

and disease prevention objectives and 

efforts to develop goals and objectives to 

improve the health status and reduce 

health risks for Americans by the year 

2020. The Committee will provide to the 

Secretary of Health and Human Services 

advice and consultation for developing 

and implementing the next iteration of 

national health promotion and disease 

prevention goals and objectives and 

provide recommendations for initiatives 

to occur during the initial 

implementation phase of the goals and 

objectives. HHS will use the 

recommendations to inform the 

development of the national health 

promotion and disease prevention 

objectives for 2020 and the process for 

implementing the objectives. The intent 

is to develop and launch objectives 

designed to improve the health status 

and reduce health risks for Americans 

by the year 2020. 

DATES: The Committee will meet for two 

days: January 31, 2008 from 9 a.m. until 

5:30 p.m., and on February 1, 2008 from 

8:30 a.m. until 5 p.m. 

ADDRESSES: The meeting will be held at 

the U.S. Department of Health and 

Human Services, Hubert H. Humphrey 

Building, located at 200 Independence 

Avenue, SW., Room 800, Washington, 

DC 20201. 

FOR FURTHER INFORMATION CONTACT: 

Emmeline Ochiai, Designated Federal 

Officer, Secretary’s Advisory Committee 

on National Health Promotion and 

Disease Prevention Objectives for 2020, 

U.S. Department of Health and Human 

Services, Office of Public Health and 

Science, Office of Disease Prevention 

and Health Promotion, 1101 Wootton 

Parkway, Room LL–100, Rockville, MD 

20852, (240) 453–8259 (telephone), 

(240) 453–8281 (fax). Additional 

information is available on the Internet 

at http://www.healthypeople.gov. 

SUPPLEMENTARY INFORMATION: The 

names of the 13 members of the 

Secretary’s Advisory Committee on 

National Health Promotion and Disease 

Prevention Objectives for 2020 are 

available at http://www.healthypeople. 

gov. 

Purpose of Meeting: Every 10 years, 

through the Healthy People initiative, 

the U.S. Department of Health and 

Human Services (HHS) leverages 

scientific insights and lessons from the 

past decade, along with the new 

knowledge of current data, trends, and 

innovations to develop the next 

iteration of national health promotion 

and disease prevention objectives. 

Healthy People provides science-based, 

10-year national objectives for 

promoting health and preventing 

disease. Since 1979, Healthy People has 

set and monitored national health 

objectives to meet a broad range of 

health needs, encourage collaborations 

across sectors, guide individuals toward 


rwilkins on PROD1PC63 with NOTICES