Federal Register / Vol. 60, No. 237 / Monday, December 11, 1995 / Notices 63521

Maureen Peratino and Audrey Spivack

at (202) 418–0500.

Federal Communications Commission.

William F. Caton,

Acting Secretary.

[FR Doc. 95–30230 Filed 12–8–95; 8:45 am]

BILLING CODE 6712–01–M

FEDERAL MARITIME COMMISSION

Security for the Protection of the

Public Financial Responsibility to Meet

Liability Incurred for Death or Injury to

Passengers or Other Persons on

Voyages; Notice of Issuance of

Certificate (Casualty)

Notice is hereby given that the

following have been issued a Certificate

of Financial Responsibility to Meet

Liability Incurred for Death or Injury to

Passengers or Other Persons on Voyages

pursuant to the provisions of Section 2,

Public Law 89–777 (46 U.S.C. 817(d))

and the Federal Maritime Commission’s

implementing regulations at 46 C.F.R.

Part 540, as amended:

Star Clippers Ltd., Luxembourg Shipping

Services S.A., Star Flyer N.V. and Star

Clipper N.V., 4101 Salzedo Street, Coral

Gables, Florida 33146

Vessel: STAR FLYER

Dated: December 5, 1995.

Joseph C. Polking,

Secretary.

[FR Doc. 95–30021 Filed 12–8–95; 8:45 am]

BILLING CODE 6730–01–M

Security for the Protection of the

Public Indemnification of Passengers

for Nonperformance of Transportation;

Notice of Issuance of Certificate

(Performance)

Notice is hereby given that the

following have been issued a Certificate

of Financial Responsibility for

Indemnification of Passengers for

Nonperformance of Transportation

pursuant to the provisions of Section 3,

Public Law 89–777 (46 U.S.C. § 817(e))

and the Federal Maritime Commission’s

implementing regulations at 46 C.F.R.

part 540, as amended:

Star Clippers Ltd. and Luxembourg Shipping

Services S.A., 4101 Salzedo Street, Coral

Gables, Florida 33146

Vessel: STAR FLYER

Dated: December 5, 1995.

Joseph C. Polking,

Secretary.

[FR Doc. 95–30021 Filed 12–8–95; 8:45 am]

BILLING CODE 6730–01–M

FEDERAL RESERVE SYSTEM

Agency Forms Under Review

Background

Notice is hereby given of the final

approval of proposed information

collections by the Board of Governors of

the Federal Reserve System (Board)

under OMB delegated authority, as per

5 C.F.R. 1320.9 (OMB Regulations on

Controlling Paperwork Burdens on the

Public). 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.

FOR FURTHER INFORMATION CONTACT:

Federal Reserve Board Clearance

Officer—Mary M. McLaughlin—

Division of Research and Statistics,

Board of Governors of the Federal

Reserve System, Washington, D.C.

20551 (202-452-3829)

OMB Desk Officer—Milo Sunderhauf—

Office of Information and Regulatory

Affairs, Office of Management and

Budget, New Executive Office

Building, Room 3208, Washington,

D.C. 20503 (202-395-7340)

Final approval under OMB delegated

authority of the extension, with

revisions, of the following reports:

1. Report title: Annual Report of

Foreign Banking Organizations; Foreign

Banking Organization Structure Report

on U.S. Banking and Nonbanking

Activities; and Foreign Banking

Organization Confidential Report of

Operations

Agency form number: FR Y-7, FR Y-7A,

and FR 2068

OMB Docket number: 7100-0125

Frequency: Annual

Reporters: Foreign banking

organizations

Annual reporting hours: 13,243

Estimated average hours per response:

41

Number of respondents: 323

Small businesses are not affected.

General description of report: This

information collection is mandatory [12

U.S.C. §§1844(c), 3106, and 3108(a)].

Upon request from a respondent, certain

information in the FR Y-7 and FR Y-7A

may be deemed confidential pursuant to

sections b(4) and (b)(6) of the Freedom

of Information Act [5 U.S.C. §552]. All

information provided in the FR 2068 is

confidential [5 U.S.C. §552(b)(8)] and is

subject to special handling procedures

[12 CFR §261.11(h)].

These reports are required from all

foreign banking organizations (FBOs)

engaged in the business of banking in

the United States. Respondents must

report, on the FR Y-7, information on

the structure of their activities in the

United States as well as financial

statements prepared in accordance with

home country accounting practices,

separate financial statements for U.S.

nonbanking subsidiaries, an

organization chart reflecting

investments in U.S. companies and

foreign companies that do business in

the United States, disclosure of large

shareholders, and a list of officers and

directors.

The FR 2068 requires FBOs to report

revenues and expenses, loan losses,

asset quality, hidden reserves not

disclosed on the FR Y-7, an organization

chart, and financial data on non-U.S.

subsidiaries that the FBO controls.

Respondents will continue to submit the

FR 2068 directly with the Federal

Reserve Board.

Abstract: On December 16, 1994, the

Federal Reserve Board approved earlier

versions of these proposals for public

comment and published notice in the

FR [Vol. 60, FR 1779, January 6, 1995].

The initial comment period (30 days)

expired on February 5, 1995. In light of

the extensive changes proposed,

commenters requested three successive

30-day extensions of the comment

period in order to fully assess the effects

of the changes. As a result of those

extensions, the final comment period

expired on May 31, 1995.

There were six commenters, four

trade groups and two FBOs. The nature

of the comments varied. Some

addressed burden, some concerned

confidentiality, and some suggested

improvements to the reporting forms

and instructions. Comments regarding

burden focused on the accuracy of the

overall burden estimate and on specific

proposed revisions that commenters

believed would increase burden

significantly.

After considering the comments, the

Federal Reserve Board has approved

several modifications to the initial

proposal.

Reporting Structure

FR Y-7

All FBOs engaged in the business of

banking in the United States file the FR

Y-7 annually, as of the end of the

reporter’s fiscal year. 323 FBOs file the

FR Y-7: 55 foreign bank holding

companies; 218 foreign banks with

commercial lending companies, Edge

corporations, or U.S. branches and

agencies; and 50 foreign parent

companies. Respondents report

information on the structure of their

activities in the United States, as well as

the following financial and managerial

information: