458 Federal Register / Vol. 60, No. 2 / Wednesday, January 4, 1995 / Notices

Such a program could be administered

by one agency or by several agencies of

the government. In any case, once a

certification was granted to a business

concern, that certification would be

good for all other federal departments

and agencies for the period of time set

for the certification. Potential problems

that would have to be addressed include

availability of resources to administer

the program and availability of local

information on applicants.

b. Adoption of certifications by nonfederal agencies, possibly state and local

governments or private organizations.

Such governments or organizations

would have to first qualify as applying

standards compatible with those of the

federal government. After such

qualification, they would act in the

place of the federal government for

purposes of granting certifications or on

behalf of the federal government. This

might be accomplished either by

creating a program granting them the

necessary authority or by contracting

with them to perform the service for the

federal government. Certification by

such organizations would be good for all

federal departments and agencies for the

period of time set for the certification.

c. In addition to the issues of who

might grant certifications or how, the

question of auditing was also raised.

Currently, under the Small Business Act

8(d) program (for subcontractors) and

certain Department of Defense

programs, businesses can self-certify. If

a self-certification program of this type

were extended to other federal

programs, local certifying authorities, if

they were adopted, could engage in an

auditing program, whether universal or

random in nature. Potential problems

that would have to be addressed include

utility of the program in preventing

‘‘fronts’’ from exploiting the program

and availability of resources to

administer the auditing program.

Various aspects of these approaches

could also be combined.

MATTERS TO BE DEVELOPED: The

Administrator intends to develop

recommendations for uniform

definitions relating to small

disadvantaged businesses and to

women-owned small businesses. These

definitions will be applicable to all

federal departments and agencies in

their contracting, grants, and

cooperative agreements actions. In

addition, the Administrator intends to

develop recommendations for a single,

uniform system of standards and

procedures for federal certification of

small disadvantaged and small womenowned businesses. The Administrator

also intends to consider whether the

term ‘‘socially and economically

disadvantaged business’’ should be

changed to some other appropriate term.

PUBLIC COMMENTS: The Administrator

solicits the comments of interested

agencies and parties regarding their

views of the matters to be developed.

These comments may include references

to additional statutes that the

commentor believes relevant, to

proposals regarding terms to be used in

the uniform definitions, to proposals for

ways and means of creating a uniform

system of certifications, and suggestions

as to what form it should take.

Additionally, commentors may address

the goals to be achieved by creating

uniform definitions and uniform

standards and procedures, differences in

procurements under contracts, grants,

and cooperative agreements, and means

of avoiding unnecessary disruption of

existing programs.

DATES: Comments in response to this

notice should be received at OFPP by

close of business on February 20, 1995.

ADDRESSES: Comments should be

submitted to the OFPP, New Executive

Office Building, Room 9001, 725 17th

Street, NW, Washington, DC 20503,

Attention: Ms. Linda Mesaros.

FOR FURTHER INFORMATION CONTACT: Ms.

Linda Mesaros at 202-395-4821.

Steven Kelman,

Administrator.

[FR Doc. 95–7 Filed 1–3–95; 8:45 am]

BILLING CODE 3110–01–M

FEDERAL RESERVE SYSTEM

City National Bancshares, Inc., et al.;

Acquisitions of Companies Engaged in

Permissible Nonbanking Activities

The organizations listed in this notice

have applied under § 225.23(a)(2) or (f)

of the Board’s Regulation Y (12 CFR

225.23(a)(2) or (f)) for the Board’s

approval under section 4(c)(8) of the

Bank Holding Company Act (12 U.S.C.

1843(c)(8)) and § 225.21(a) of Regulation

Y (12 CFR 225.21(a)) to acquire or

control voting securities or assets of a

company engaged in a nonbanking

activity that is listed in § 225.25 of

Regulation Y as closely related to

banking and permissible for bank

holding companies. Unless otherwise

noted, such activities will be conducted

throughout the United States.

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 on the

question whether consummation of the

proposal can ‘‘reasonably be expected to

produce benefits to the public, such as

greater convenience, increased

competition, or gains in efficiency, that

outweigh possible adverse effects, such

as undue concentration of resources,

decreased or unfair competition,

conflicts of interests, or unsound

banking practices.’’ Any request for a

hearing on this question must be

accompanied by a statement of the

reasons a written presentation would

not suffice in lieu of a hearing,

identifying specifically any questions of

fact that are in dispute, summarizing the

evidence that would be presented at a

hearing, and indicating how the party

commenting would be aggrieved by

approval of the proposal.

Unless otherwise noted, comments

regarding each of these applications

must be received at the Reserve Bank

indicated for the application or the

offices of the Board of Governors not

later than January 17, 1995.

A. Federal Reserve Bank of Atlanta

(Zane R. Kelley, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303:

1. City National Bancshares, Inc.,

Miami, Florida; to acquire 20.6 percent

of the outstanding shares of Turnberry

Savings & Loan Association, North

Miami Beach, Florida, and thereby

engage in operating a savings

association, pursuant to § 225.25(b)(9)

of the Board’s Regulation Y.

B. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri 63166:

1. BancorpSouth, Inc., Tupelo,

Mississippi; to acquire LF Bancorp, Inc.,

Laurel, Mississippi, and indirectly

acquire Laurel Federal Savings and

Loan Association, Laurel, Mississippi,

and thereby engage in operating a

savings association, pursuant to §

225.25(b)(9) of the Board’s Regulation Y.

Board of Governors of the Federal Reserve

System, December 28, 1994.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–87 Filed 1–3–95; 8:45 am]

BILLING CODE 6210–01–F

Michael J. Corliss; 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