Federal Register / Vol. 60, No. 250 / Friday, December 29, 1995 / Notices 67357

FOR FURTHER INFORMATION CONTACT: A

copy of the reporting 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. McLaughlin, Board

Clearance Officer, (202) 452-3829,

Division of Research and Statistics,

Board of Governors of the Federal

Reserve System, 20th and C Streets,

N.W., Washington, D.C. 20551.

Telecommunications Device for the Deaf

(TDD) users may contact Dorothea

Thompson, (202) 452-3544, Board of

Governors of the Federal Reserve

System, 20th and C Streets, N.W.,

Washington, D.C. 20551.

SUPPLEMENTARY INFORMATION: Proposal

to extend, without revision, the

following currently approved collection

of information:

Title: Report of Assets and Liabilities of

a Non-U.S. Branch that is Managed or

Controlled by a U.S. Branch or Agency

of a Foreign (Non-U.S.) Bank

Form Number: FFIEC 002S

OMB Number: 7100-0273.

Frequency of Response: Quarterly.

Affected Public: U.S. branches and

agencies of foreign banks.

Estimated Number of Respondents: 130

Estimated Time per Response: 6 burden

hours.

Estimated Total Annual Burden: 3,120

burden hours.

General Description of Report: This

information collection is mandatory: 12

U.S.C. 3105(b)(2), 1817(a), and 3102(b)

and is given confidential treatment (5

U.S.C. 552(b)(8)).

Small businesses are not affected.

Abstract: On a quarterly basis, all U.S.

branches and agencies of foreign banks

(U.S. branches) are required to file

detailed schedules of assets and

liabilities in the form of a condition

report and a variety of supporting

schedules (FFIEC 002). This report is a

uniform report established by the

FFIEC, which the Federal Reserve

collects and processes on behalf of all

three federal bank regulatory agencies,

that is, the Board, the Office of the

Comptroller of the Currency, and the

Federal Deposit Insurance Corporation.

A separate supplement (FFIEC 002S)

collects information on assets and

liabilities of any non-U.S. branch that is

managed or controlled by a U.S. office

of the foreign bank. Managed or

controlled means that the majority of

the responsibility for business

decisions, including but not limited to

decisions with regard to lending or asset

management or funding or liability

management, or the responsibility for

recordkeeping in respect of assets or

liabilities for that foreign branch resides

at the U.S. branch or agency. A separate

supplement must be completed for each

applicable foreign branch. The

supplements must be filed quarterly

along with the U.S. branch’s or agency’s

FFIEC 002.

Data collected on the FFIEC 002S are

used

(1) To monitor deposit and credit

transactions of U.S. residents;

(2) For monitoring the impact of

policy changes;

(3) For analyzing structural issues

concerning foreign bank activity in U.S.

markets;

(4) For understanding flows of

banking funds and indebtedness of

developing countries in connection with

data collected by the International

Monetary Fund (IMF) and the Bank for

International Settlements (BIS) that are

used in economic analysis; and (5) to

provide information to assist in the

supervision of U.S. offices of foreign

banks, which often are managed jointly

with these branches.

CURRENT ACTIONS: The proposal to

extend, without revision, the Report of

Assets and Liabilities of a Non-U.S.

Branch That is Managed or Controlled

by a U.S. Branch or Agency of a Foreign

(Non-U.S.) Bank (FFIEC 002S) that is the

subject of this notice has been approved

by the FFIEC. Clarifications or

conforming changes would be made to

several instructions.

REQUEST FOR COMMENT: Comments

submitted in response to this Notice

will be summarized or included in the

Board’s requests for OMB approval. All

comments will become a matter of

public record. Written comments should

address the accuracy of the burden

estimates 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, December 22, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95-31463 Filed 12-28-95; 8:45am]

BILLING CODE 6210-01-F

FEDERAL RESERVE SYSTEM

Agency Forms Under Review

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Notice.

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 of 1995, 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. 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. Board-approved

collections of information will be

incorporated into the official OMB

inventory of currently approved

collections of information. A copy of the

OMB 83-I and supporting statements

and the approved collection of

information instruments will be placed

into OMB’s public docket files. 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:

(a) Whether the proposed collections

of information are 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 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; and

(d) Ways to minimize the burden of

information collections on respondents,

including through the use of automated

collection techniques or other forms of

information technology.

DATES: Comments must be submitted on

or before February 27,1996.

ADDRESSES: Comments, which should

refer to the OMB control number (or
67358 Federal Register / Vol. 60, No. 250 / Friday, December 29, 1995 / Notices

Agency form number in the case of a

new information collection that has not

yet been assigned an OMB number),

should be addressed to Mr. William W.

Wiles, Secretary, Board of Governors of

the Federal Reserve System, 20th and C

Streets, N.W., Washington, DC 20551, or

delivered to the Board’s mail room

between 8:45 a.m. and 5:15 p.m., and to

the security control room outside of

those hours. Both the mail room 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

9:00 a.m. and 5:00 p.m., except as

provided in section 261.8 of the Board’s

Rules Regarding Availability of

Information, 12 CFR 261.8(a).

A copy of the comments may also be

submitted to the OMB desk officer for

the Board: Milo Sunderhauf, 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. McLaughlin, 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 Dorothea

Thompson (202-452-3544), Board of

Governors of the Federal Reserve

System, Washington, DC 20551.

Proposal to approve under OMB

delegated authority the extension, with

revision, of the following reports:

1. Report title: Report of Condition for

Foreign Subsidiaries of U.S. Banking

Organizations and Financial

Information for Foreign Subsidiaries of

U.S. Banking Organizations

Agency form number: FR 2314a, b and

c

OMB control number: 7100-0073

Frequency: Quarterly and annually

Reporters: Foreign subsidiaries of U.S.

banks, bank holding companies, and

Edge and agreement corporations

Annual reporting hours: 5,459

Estimated average hours per response:

1.5 to 10.5

Number of respondents: 1,165

Small businesses are not affected.

General description of report: This

information collection is mandatory [12

U.S.C. 324, 602, 625 and 1824] and is

given confidential treatment [5 U.S.C.

552(b)(8)].

Abstract: The FR 2314 reports collect

information annually from all direct or

indirect foreign subsidiaries of U.S.

member banks, bank holding

companies, and Edge or agreement

corporations. The FR 2314a collects

information on assets, liabilities,

contingent liabilities, and eleven

supporting schedules, including income

and expenses. The FR 2314b collects the

same information on assets, liabilities,

contingent liabilities, and income and

expenses. The FR 2314c collects

information on total assets, equity

capital, off-balance-sheet items, and net

income. Subsidiaries with significant

asset size or volume of foreign exchange

trading report the FR 2314a quarterly.

The data are used to monitor the

growth and activities of the subsidiaries

and to supervise the overall operation of

the parent organization. Revisions are

proposed to make the FR 2314 reports

more consistent with the parent

organizations’ reports of condition and

income and to improve the Federal

Reserve’s surveillance of overseas

banking operations. The proposed

revisions would be effective as of the

December 31, 1995, reporting date. The

due date for filing the revised reports

would be extended, as appropriate,

based on the date of final Board

approval. Following this approval,

respondents would be informed of the

rescheduled due date.

The Federal Reserve proposes several

changes to the FR 2314a and FR 2314b

reports, summarized as follows.

(1) Revise the reporting criteria for

filing the FR 2314a and the FR 2314b.

Currently subsidiaries file the FR 2314a

quarterly if they have total assets of at

least $2 billion or commitments to

purchase foreign currencies and U.S.

dollar exchange of at least $5 billion.

The instruction would be revised to

include subsidiaries that have at least $5

billion in off-balance-sheet activity

measured by the sum of commitments to

purchase foreign currencies and U.S.

dollar exchange, all other futures and

forwards contracts, written option

contracts, purchased option contracts,

notional value of interest rate swaps,

notional value of exchange swaps, and

the notional value of other swaps. In

addition the reporting criteria for filing

the FR 2314a on an annual basis would

be raised to include respondents with

total assets greater than $250 million, up

from $100 million. Subsidiaries with

total assets of $50 million or more but

not more than $250 million would file

the FR 2314b.

(2) Additions to allow for compliance

with Financial Accounting Board

(FASB) Statement No. 115. Subsidiaries

would report a new schedule for

securities that would provide

information on available-for-sale

securities and held-to-maturity

securities, and new items to collect

information on the net unrealized

holding gains (losses) on available-forsale securities and information on the

change in net unrealized holding gains

(losses) in available-for-sale securities.

(3) Additions to allow for compliance

with FASB Interpretation Number (FIN)

39. Subsidiaries would report new items

for

(a) trading liabilities,

(b) assets held in trading accounts,

and

(c) revaluation gains on interest rate,

foreign exchange rate, and other

commodity and equity contracts.

(4) Additions to capture income from

trading account activity. Subsidiaries

would report new items for

(a) interest income and dividends

form assets held in trading accounts,

and

(b) gains (losses) and fees from trading

assets and liabilities.

(5) Deletions of selected items.

Subsidiaries would no longer report the

items for

(a) dividends on stock,

(b) cash dividends declared reported

on Schedule I, and

(c) net retained income. Dividend on

stock would be added to the item for

interest on bonds, notes, and

debentures.

2. Report title: Report of Changes in

Investments (Made Pursuant to Subparts

A and C of Regulation K)

Agency form number: FR 2064

OMB control number: 7100-0109

Frequency: On occasion

Reporters: U.S. member banks, bank

holding companies, and Edge and

agreement corporations

Annual reporting hours: 1,200

Estimated average hours per response:

0.75

Number of respondents: 50

Small businesses are not affected.

General description of report: This

information collection is mandatory [12

U.S.C. 602, 625 and 1844] and is given

confidential treatment [5 U.S.C.

552(b)(4)].

Abstract: Member banks, Edge and

agreement corporations, and bank

holding companies are required to file

the FR 2064 to record changes in their

international investments. Sections 25

and 25A of the Federal Reserve Act

(FRA) and Sections 4(c)(13) and 4(c)(14)

of the Bank Holding Company Act

govern the formation of Edge and

agreement corporations and export

trading companies and the international
Federal Register / Vol. 60, No. 250 / Friday, December 29, 1995 / Notices 67359

and foreign activities of U.S. banking

organizations, including those of

national banks, state member banks,

Edge and agreement corporations, and

bank holding companies. Pursuant to

these statutory provisions, the Board

adopted various regulatory provisions,

all of which were consolidated in the

Board’s Regulation K, setting forth the

procedures for making investments and

engaging in activities under these

statutes. Investments made under these

procedures are reported on the FR 2064

whenever the reporting criteria are met.

The FR 2064 report is filed no later than

the last day of the month following the

month in which the reportable

investment occurred.

Under the proposed revisions, the FR

2064 would be enlarged from eight to

thirteen items and portions of four

existing items would be expanded. The

reporting threshold for material

investments would be increased from

$100,000 to $1 million and the basis of

the threshold would change from the

historical cost of the reporter’s

investment in the investee to the total

cost. Other proposed changes would

request information on investments

made by U.S. and foreign banking

organizations in Edge and agreement

corporations and export trading

companies and on substantive changes

in the activities of a company in which

an investment has been made. In

addition, reports would be required

when the activity of the investee

changes and when there is a change in

the percentage of the investee’s voting

rights held by its direct parent or in the

percentage of the investee’s equity held

by the reporting organization. In

addition, minor clarifying changes

would be made to the report and

instructions. The proposed revisions

will enable the Federal Reserve to more

fully and accurately monitor

compliance with the Federal Reserve

Act, the Bank Holding Company Act,

and the relevant sections of Regulation

K. The net effect of the proposed

revisions to the FR 2064 on reporting

burden will be to increase the annual

burden for this report by 450 hours, or

60 percent. The revised FR 2064 report

and instructions would be implemented

as of March 31, 1996.

Board of Governors of the Federal Reserve

System, December 22, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95-31464 Filed 12-28-95; 8:45am]

BILLING CODE 6210-01-F

Aileen International Co., Inc., et al.;

Formations of; Acquisitions by; and

Mergers of Bank Holding Companies

The companies listed in this notice

have applied for the Board’s approval

under section 3 of the Bank Holding

Company Act (12 U.S.C. 1842) and §

225.14 of the Board’s Regulation Y (12

CFR 225.14) to become a bank holding

company or to acquire a bank or bank

holding company. The factors that are

considered in acting on the applications

are set forth in section 3(c) of the Act

(12 U.S.C. 1842(c)).

Each application is available for

immediate inspection at the Federal

Reserve Bank indicated. Once the

application has been accepted for

processing, it will also be available for

inspection at the offices of the Board of

Governors. Interested persons may

express their views in writing to the

Reserve Bank or to the offices of the

Board of Governors. Any comment on

an application that requests a hearing

must include a statement of why a

written presentation would not suffice

in lieu of a hearing, identifying

specifically any questions of fact that

are in dispute and summarizing the

evidence that would be presented at a

hearing.

Unless otherwise noted, comments

regarding each of these applications

must be received not later than January

22, 1996.

A. Federal Reserve Bank of Atlanta

(Zane R. Kelley, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303:

1. Aileen International Co., Inc.;

Bloice Enterprises Corp.; Caprice

Maritime Limited; Colonel County, Inc.;

Early Haven Investments, Corp.;

Feldome Worldwide Corp.; Colonel

County, Inc.; Garbay Isle Investments,

Inc.; Jacklyn Finance Co., Ltd.; Swain

Finance Co., Inc.; Foye Investments,

Inc.; all of Coral Gables, Florida, and

J.G.D.S. Limitada, Santa fe de Bogota,

Colombia; to become bank holding

companies by acquiring 99.2 percent of

the voting shares of Eagle National Bank

of Miami, N.A., Miami, Florida.

B. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri 63166:

1. Barretville Corporation, Barretville,

Tennessee; to become a bank holding

company by acquiring 39.4 percent of

the voting shares of Somerville Bank &

Trust Company, Somerville, Tennessee.

Board of Governors of the Federal Reserve

System, December 22, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95-31455 Filed 12-28-95; 8:45 am]

BILLING CODE 6210-01-F

Gerald E. Long; Change in Bank

Control Notice

Acquisition of Shares of Banks or

Bank Holding Companies

The notificant listed below has

applied under the Change in Bank

Control Act (12 U.S.C. 1817(j)) and §

225.41 of the Board’s Regulation Y (12

CFR 225.41) to acquire a bank or bank

holding company. The factors that are

considered in acting on notices are set

forth in paragraph 7 of the Act (12

U.S.C. 1817(j)(7)).

The notice is available for immediate

inspection at the Federal Reserve Bank

indicated. Once the notice has been

accepted for processing, it will also be

available for inspection at the offices of

the Board of Governors. Interested

persons may express their views in

writing to the Reserve Bank indicated

for the notice or to the offices of the

Board of Governors. Comments must be

received not later than January 12, 1996.

A. Federal Reserve Bank of

Minneapolis (James M. Lyon, Vice

President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480:

1. Gerald E. Long, Bottineau, North

Dakota; to acquire an additional 2.07

percent, for a total of 14.75 percent, of

the voting shares of State Bank of

Bottineau Holding Company, Bottineau,

North Dakota, and thereby indirectly

acquire State Bank of Bottineau,

Bottineau, North Dakota.

Board of Governors of the Federal Reserve

System, December 22, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95-31456 Filed 12-28-95; 8:45 am]

BILLING CODE 6210-01-F

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Food and Drug Administration

Advisory Committees: Notice of

Meetings

AGENCY: Food and Drug Administration,

HHS.

ACTION: Notice.

SUMMARY: This notice announces

forthcoming meetings of public advisory

committees of the Food and Drug

Administration (FDA). This notice also

summarizes the procedures for the

meetings and methods by which

interested persons may participate in

open public hearings before FDA’s

advisory committees.

FDA has established an Advisory

Committee Information Hotline (the