Federal Register / Vol. 61, No. 124 / Wednesday, June 26, 1996 / Notices 33165

collection agencies, will be utilized to

encourage the payment of amounts

overdue.

The fee schedule for duplication is as

follows:

First 100 pages: Free.

Every page over 100: 10¢/page.

Dated: June 20, 1996.

Paul M. Blayney,

Rear Admiral, U.S. Coast Guard, Chief

Counsel.

[FR Doc. 96–16317 Filed 6–25–96; 8:45 am]

BILLING CODE 4910–14–M

Federal Highway Administration

Efficiency, Quality and Effectiveness of

Existing Civil Rights Programs;

Roundtable Discussions

AGENCY: Federal Highway

Administration (FHWA), DOT.

ACTION: Notice of public meetings and

notice of an additional meeting date.

SUMMARY: On May 3, 1996 (61 FR

19973), the FHWA announced a series

of roundtable conferences to obtain

information on issues relating to the

efficiency, quality, and effectiveness of

existing civil rights programs. The final

conference will be held in Lakewood,

Colorado, on July 17, 1996, as

announced in the Federal Register

notice of May 17, 1996 (61 FR 2501),

and one additional roundtable

conference in Washington, D.C., has

been added at the location indicated

below.

The agenda for the Washington, D.C.,

roundtable conference will include the

topics of supportive services, contractor

equal opportunity (EEO) programs, and

the on-the-job training (OJT) program.

The Disadvantaged Business Enterprise

(DBE) Program is currently being

addressed by a separate interagency

workgroup. Therefore, the DBE program

will not be discussed at this roundtable

(except as it relates to supportive

services).

Although the roundtable conference

will be open to the public, space will be

limited; therefore, the FHWA requests

that persons interested in attending the

conference preregister by contacting the

CONTACT PERSON listed below at least

three days prior to the meeting.

DATES: The Washington, D.C.,

roundtable conference will be held from

8 a.m. until 12:30 p.m. on Tuesday, July

9, 1996, at the following location: U.S.

Department of Transportation

Headquarters, Nassif Building,

Conference Room 4200, 400 Seventh

Street, SW, Washington, D.C. 20590,

contact person: Ralph Craft, ph. (202)

366–0324. Please enter through the

entrance at the Southwest corner of the

building.

FOR FURTHER INFORMATION CONTACT: Ms.

Linda J. Brown, Chief, Policy and

Program Development Division, Office

of Civil Rights, Telephone: (202) 366–

0471; FAX: (202) 366–1599. Federal

Highway Administration, 400 Seventh

Street, SW., Washington, DC 20590.

Office hours are from 7:45 p.m. to 4:15

p.m., e.t., Monday through Friday

except federal holidays.

(Authority: 23 U.S.C. 315; 49 CFR 1.48)

Issued on: June 21, 1996.

Linda J. Brown,

Chief, Policy and Program Development

Division, Office of Civil Rights.

[FR Doc. 96–16327 Filed 6–25–96; 8:45 am]

BILLING CODE 4910–22–P

Cargo Tank Safety Roundtable Meeting

AGENCY: Federal Highway

Administration (FHWA), DOT.

ACTION: Notice of public meeting.

SUMMARY: The FHWA is announcing a

Cargo Tank Roundtable meeting to

discuss safety issues relative to the

highway transportation of hazardous

materials in cargo tank motor vehicles.

The intended audience of this meeting

includes members of the cargo tank

community, drivers, affected

government agency representatives, and

other interested parties. The agenda for

the meeting includes reports from

industry/government groups currently

working on previously identified safety

issues, breakout sessions to address the

progress and direction of these safety

issues, and further discussions of other

cargo tank safety related concerns.

The purpose of the meeting is to

develop partnerships with government,

industry, and other persons in an

attempt to gather information and

comments on cargo tank safety and the

prevention of accidents in these types of

vehicles on our highways. Although the

meeting will be open to the public,

space will be extremely limited;

therefore, the FHWA requests that

persons interested in attending the

meeting preregister by contacting the

persons listed below at least one week

in advance of the meeting. The agenda

is an aggressive one and discussions

will be limited due to time constraints;

however, comments relative to this

topic may be directed to the contact

persons at the address noted below.

DATES: This public meeting will be held

at the following location on July 9 and

10, 1996.

ADDRESSES: Tysons Westpark Hotel,

8401 Westpark Drive, McLean, VA

22102.

FOR FURTHER INFORMATION CONTACT: Mr.

William A. Quade, Office of Motor

Carrier Safety and Technology, Safety

and Hazardous Materials Division (202)

366–0476 or Mr. Stephen A. Keppler,

Office of Motor Carrier Safety and

Technology, Safety and Hazardous

Materials Division (202) 366–2978;

FAX:(202) 366–7908. Federal Highway

Administration, 400 Seventh Street,

SW., Washington, DC 20590. Office

hours are from 7:15 a.m. to 4:45 p.m.,

EST, Monday through Friday except

Federal holidays.

Authority: 23 U.S.C. 315; 49 CFR 1.48.

Issued on: June 21, 1996.

George L. Reagle,

Associate Administrator for Motor Carriers.

[FR Doc. 96–16326 Filed 6–25–96; 8:45 am]

BILLING CODE 4910–22–P

[FHWA Docket No. 96–24]

Uniform Relocation Act; Certification

Pilot Program in Florida

AGENCY: Federal Highway

Administration (FHWA), DOT.

ACTION: Notice and request for

comments.

SUMMARY: The Florida Department of

Transportation (FDOT) has proposed to

extend the coverage of the certification

of its right-of-way program from two

districts to the entire State. This

certification procedure allows the State

to comply with the Uniform Relocation

Assistance and Real Property

Acquisition Policies Act (Uniform Act)

on Federal-aid highway projects by

operating under its own equivalent State

law and procedures. This notice

requests comments on the State’s

proposal to extend the certification’s

coverage to the entire State.

DATES: Comments are requested by July

26, 1996.

FOR FURTHER INFORMATION CONTACT:

Marshall Schy, Office of Real Estate

Services, HRW–10 (202) 366–2035; or

Reid Alsop, Office of Chief Counsel,

HCC–31, (202) 366–1371, Federal

Highway Administration, 400 Seventh

Street, SW., Washington, D.C. 20590.

Office hours are from 7:45 a.m. to 4:15

p.m., e.t., Monday through Friday,

except Federal holidays.

SUPPLEMENTARY INFORMATION: On August

10, 1995, the FHWA published a notice

(60 FR 40878) requesting comments on

a Florida Department of Transportation

proposal to comply with the Uniform

Relocation Assistance and Real Property
33166 Federal Register / Vol. 61, No. 124 / Wednesday, June 26, 1996 / Notices

Acquisition Policies Act (Uniform Act)

on Federal-aid highway projects in two

of its districts through use of a

certification procedure permitted by the

Uniform Act (42 U.S.C. 4601 et seq.).

The FDOT proposed to comply with the

Uniform Act by conducting its right-ofway program in accordance with State

laws determined by the FHWA, the

Federal lead agency for the Uniform

Act, to have the same purpose and effect

as the Uniform Act. On January 24,

1996, the FHWA published a notice (61

FR 1984) informing the public that it

had accepted FDOT’s certification.

The Uniform Act provides relocation

benefits to persons forced to move by

Federal or federally-assisted programs

or projects. It also establishes policies

relating to the acquisition of real

property for such programs or projects.

The FHWA has been designated the

Federal Government’s lead agency for

implementing the Uniform Act.

Sections 210 and 305 of the Uniform

Act (42 U.S.C. 4630 and 4655) require

State agencies that receive Federal

financial assistance for programs or

projects that will result in the

acquisition of real property, or the

displacement of persons, to provide

assurances that they will comply with

the Act’s provisions. Section 103 of the

Uniform Act (42 U.S.C. 4604) provides

that, in lieu of those assurances, a State

agency may comply by certifying (and

receiving the FHWA’s determination)

that it will be operating under State

laws that ‘‘will accomplish the purpose

and effect’’ of the Uniform Act.

The FDOT applied for a certification

pilot program that would cover Uniform

Act compliance on Federal-aid highway

projects for a period of two years. The

FDOT proposed to limit the pilot

program to its Districts 2 and 4. On

September 29, 1995, after providing an

opportunity for comments, the FHWA

determined that the laws and operating

procedures relied on by the FDOT have

the same purpose and effect as the

Uniform Act and accepted FDOT’s

certification effective October 1, 1995,

for a period of two years (61 FR 1984).

The FDOT now has accumulated

sufficient experience operating under

the certification that it wishes to extend

the program to all of its districts.

In its new certification application the

FDOT relies on the same authority as its

earlier application, sections 120.543 and

339.05 of the Florida statutes and the

existing FDOT right-of-way procedures.

The two statutory provisions grant the

FDOT broad authority to comply with

Federal (Uniform Act) requirements.

The FDOT right-of-way procedures are

the mechanism for insuring the FDOT’s

compliance with the provisions of the

Uniform Act. As with the existing

certification, it is anticipated that the

level of benefits and assistance provided

to affected property owners and

displaced persons will remain virtually

unchanged since the FDOT will

continue to operate under the same laws

and procedures that it currently utilizes

in implementing the Uniform Act. The

primary changes are expected to be the

elimination of FHWA approvals or

oversight of Uniform Act

implementation in the six FDOT

districts not now covered and the

simplified administration associated

with the State operating under its own

procedures. If approved the extended

certification would run until the close of

the earlier certification, that is,

September 30, 1997.

As noted previously, under the

certification pilot program, the FHWA,

under section 103(c) of the Uniform Act,

still can withhold project approvals or

rescind acceptance of the FDOT’s

certification if the FDOT fails to comply

with the certification or with the State

law upon which the certification was

based. The FHWA and FDOT will

review the operations of the pilot

program at its midpoint and following

completion.

Authority: 42 U.S.C. 4604; 23 U.S.C. 315;

49 CFR 1.48.

Issued on: June 11, 1996.

Rodney E. Slater,

Federal Highway Administrator.

[FR Doc. 96–16261 Filed 6–25–96; 8:45 am]

BILLING CODE 4910–22–P

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the

Currency

[Docket No. 96–13]

FEDERAL RESERVE SYSTEM

[Docket No. R–0802]

FEDERAL DEPOSIT INSURANCE

CORPORATION

Joint Agency Policy Statement:

Interest Rate Risk

AGENCIES: Office of the Comptroller of

the Currency (OCC), Treasury; Board of

Governors of the Federal Reserve

System (Board); and Federal Deposit

Insurance Corporation (FDIC).

ACTION: Joint policy statement.

SUMMARY: The OCC, the Board, and the

FDIC (collectively referred to as the

agencies) are issuing this joint agency

policy statement (policy statement) to

bankers to provide guidance on sound

practices for managing interest rate risk.

The policy statement identifies the key

elements of sound interest rate risk

management and describes prudent

principles and practices for each of

these elements. It emphasizes the

importance of adequate oversight by a

bank’s board of directors and senior

management and of a comprehensive

risk management process. The policy

statement also describes the critical

factors affecting the agencies’ evaluation

of a bank’s interest rate risk when

making a determination of capital

adequacy. The principles for sound

interest rate risk management outlined

in this policy statement apply to all

commercial banks and FDIC-supervised

savings banks (banks).

This policy statement augments the

action taken by the agencies in August

1995 to implement the portion of

section 305 of the Federal Deposit

Insurance Corporation Improvement Act

of 1991 (FDICIA) addressing risk-based

capital standards for interest rate risk. It

also replaces the proposed policy

statement that the agencies issued for

comment in August 1995 regarding a

supervisory framework for measuring

and assessing banks’ interest rate

exposures. The agencies have elected

not to pursue a standardized measure

and explicit capital charge for interest

rate risk at this time. This decision

reflects concerns about the burden,

accuracy, and complexity of a

standardized measure and recognition

that industry techniques for measuring

interest rate risk are continuing to

evolve. Rather than dampening

incentives to improve risk measures by

adopting a standardized measure at this

time, the agencies hope to encourage

these industry efforts. Nonetheless, the

agencies will continue to place

significant emphasis on the level of a

bank’s interest rate risk exposure and

the quality of its risk management

process when evaluating a bank’s

capital adequacy. The principles and

practices identified in this policy

statement provide the standards upon

which the agencies will evaluate the

adequacy and effectiveness of a bank’s

interest rate risk management.

EFFECTIVE DATE: June 26, 1996.

FOR FURTHER INFORMATION CONTACT:

OCC: Christina Benson, Capital

Markets Specialist, or, Margot

Schwadron, Financial Analyst, (202/

874–5070), Office of the Chief National

Bank Examiner; Michael Carhill, Deputy

Director, Risk Analysis Division (202/

874–5700); and Ronald Shimabukuro,

Senior Attorney, Legislative and

Regulatory Activities Division (202/

874–5090), Office of the Comptroller of