Federal Register / Vol. 61, No. 49 / Tuesday, March 12, 1996 / Notices 9991

Madison State Bank, Madison, South BHC Act, including whether Controlling Paperwork Burdens on the Dakota. consummation of the proposal can Public). The Federal Reserve may not In connection with this application, ‘‘reasonably be expected to produce conduct or sponsor, and the respondent Applicant, also has applied to merge benefits to the public, such as greater is not required to respond to, an with Farmers and Merchants Investment convenience, increased competition, or information collection that has been Co., Omaha, Nebraska. Following the gains in efficiency, that outweigh extended, revised, or implemented on or merger, Am-First Financial Corporation possible adverse effects, such as undue after October 1, 1995, unless it displays will change its name to Spectrum concentration of resources, decreased or a currently valid OMB control number. Bancorporation, Inc. unfair competition, conflicts of FOR FURTHER INFORMATION CONTACT: In addition with these applications, interests, or unsound banking practices’’ Federal Reserve Board Clearance Farmers and Merchants Investment Co., (12 U.S.C. § 1843). Any request for a Officer—Mary M. McLaughlin— Omaha, Nebraska, will acquire 100 hearing on this question must be Division of Research and Statistics, percent of the voting shares of Am-First accompanied by a statement of the Board of Governors of the Federal Financial Corporation, Madison, South reasons a written presentation would Reserve System, Washington, DC Dakota, a thrift holding company which not suffice in lieu of a hearing, 20551 (202-452-3829) has also applied to become a bank identifying specifically any questions of OMB Desk Officer—Milo Sunderhauf— holding company. fact that are in dispute, summarizing the Office of Information and Regulatory D. Federal Reserve Bank of Dallas evidence that would be presented at a Affairs, Office of Management and (Genie D. Short, Vice President) 2200 hearing, and indicating how the party Budget, New Executive Office North Pearl Street, Dallas, Texas 75201- commenting would be aggrieved by Building, Room 3208, Washington, 2272: approval of the proposal. DC 20503 (202-395-7340) 1. West Texas National Bancshares, Unless otherwise noted, comments Final approval under OMB delegated Inc., Lockney, Texas, and Lockney regarding the applications must be authority of the extension, with Holding Company, Wilmington, received at the Reserve Bank indicated revision, of the following report: Delaware; to acquire 100 percent of the or the offices of the Board of Governors 1. Report title: Report of Condition for voting shares of Silverton Bancshares, not later than March 26, 1996. Foreign Subsidiaries of U.S. Banking Inc., Silverton, Texas, and thereby A. Federal Reserve Bank of Organizations and Financial indirectly acquire First State Bank, Philadelphia (Michael E. Collins, Senior Information for Foreign Subsidiaries of Silverton, Texas. Vice President) 100 North 6th Street, U.S. Banking Organizations Board of Governors of the Federal Reserve Philadelphia, Pennsylvania 19105: Agency form number: FR 2314a, b and System, March 6, 1996. 1. BT Financial Corporation, c Jennifer J. Johnson, Johnstown, Pennsylvania; to acquire OMB Control number: 7100-0073 Deputy Secretary of the Board. Moxham Community Development Frequency: Quarterly and annually [FR Doc. 96–5798 Filed 3–11–96; 8:45 am] Corporation, Johnstown, Pennsylvania, Reporters: Foreign subsidiaries of U.S. banks, bank holding companies, and BILLING CODE 6210±01±F and thereby engage in community development activities, pursuant to § Edge and agreement corporations 225.25(b)(6) of the Board’s Regulation Y. Annual reporting hours: 5,459 Notice of Proposals To Engage in B. Federal Reserve Bank of Estimated average hours per response: Permissible Nonbanking Activities or Minneapolis (James M. Lyon, Vice 1.5 to 10.5 To Acquire Companies That are President) 250 Marquette Avenue, Number of respondents: 1,165 Small businesses are not affected. Engaged in Permissible Nonbanking Minneapolis, Minnesota 55480: General description of report: This Activities 1. Norwest Corporation, Minneapolis, information collection is mandatory [12 Minnesota; to acquire certain assets of The companies listed in this notice U.S.C. 324, 602, 625, and 1844(c)] and The Prudential Home Mortgage have given notice under section 4 of the is given confidential treatment [5 U.S.C. Company, Inc., Clayton, Missouri, and Bank Holding Company Act (12 U.S.C. 552(b)(4) and (b)(8)]. thereby engage in mortgage servicing § 1843) (BHC Act) and Regulation Abstract: The FR 2314 reports collect activities and the origination of Y, (12 CFR Part 225) to commence or to information annually from all direct or mortgage loans, pursuant to § engage de novo, or to acquire or control indirect foreign subsidiaries of U.S. 225.25(b)(1) of the Board’s Regulation Y. voting securities or assets of a company member banks, bank holding that engages either directly or through a Board of Governors of the Federal Reserve companies, and Edge or agreement subsidiary or other company, in a System, March 6, 1996. corporations. The FR 2314a collects nonbanking activity that is listed in § Jennifer J. Johnson, information on assets, liabilities, 225.25 of Regulation Y (12 CFR 225.25) Deputy Secretary of the Board. contingent liabilities, and eleven or that the Board has determined by [FR Doc. 96–5799 Filed 3–11–96; 8:45 am] supporting schedules, including income Order to be closely related to banking BILLING CODE 6210±01±F and expenses. The FR 2314b collects the and permissible for bank holding same information on assets, liabilities, companies. Unless otherwise noted, contingent liabilities, and income and these activities will be conducted Agency information collection expenses. The FR 2314c collects throughout the United States. activities: Submission to OMB Under information on total assets, equity Each notice is available for inspection Delegated Authority capital, off-balance-sheet items, and net at the Federal Reserve Bank indicated. income. Subsidiaries with significant Once the notice has been accepted for Background asset size or volume of foreign exchange processing, it will also be available for Notice is hereby given of the final trading report the FR 2314a quarterly. inspection at the offices of the Board of approval of a proposed information The data are used to monitor the Governors. Interested persons may collection by the Board of Governors of growth and activities of the subsidiaries express their views in writing on the the Federal Reserve System (Board) and to supervise the overall operation of question whether the proposal complies under OMB delegated authority, as per the parent organization. The approved with the standards of section 4 of the 5 C.F.R. 1320.16 (OMB Regulations on revisions will make the FR 2314 reports 9992 Federal Register / Vol. 61, No. 49 / Tuesday, March 12, 1996 / Notices more consistent with the parent 39. Subsidiaries will report new items CONTACT PERSON FOR MORE INFORMATION: organizations’ reports of condition and for Mr. Joseph R. Coyne, Assistant to the income and will improve the Federal (a) trading liabilities, Board; (202) 452–3204. You may call Reserve’s surveillance of overseas (b) assets held in trading accounts, (202) 452–3207, beginning at banking operations. The revised reports and approximately 5 p.m. two business days will be effective as of the March 31, (c) revaluation gains on interest rate, before this meeting, for a recorded 1996, reporting date. foreign exchange rate, and other announcement of bank and bank The Board approved several changes commodity and equity contracts. holding company applications (4) Additions to capture income from to the FR 2314a and FR 2314b reports, scheduled for the meeting. trading account activity. Subsidiaries summarized as follows. will report new items for Dated: March 8, 1996. (1) Revisions to the reporting criteria (a) interest income and dividends Jennifer J. Johnson, for filing the FR 2314a and the FR form assets held in trading accounts, Deputy Secretary of the Board. 2314b. Currently subsidiaries file the FR and 2314a quarterly if they have total assets (b) gains (losses) and fees from trading [FR Doc. 96–6032 Filed 3–8–96; 2:42 pm] of at least $2 billion or commitments to assets and liabilities. BILLING CODE 6210±01±P purchase foreign currencies and U.S. (5) Deletions of selected items. dollar exchange of at least $5 billion. Subsidiaries will no longer report The instruction will be revised to separately the items for include subsidiaries that have at least $5 (a) dividends on stock, FEDERAL TRADE COMMISSION billion in off-balance-sheet activity (b) cash dividends declared reported measured by the sum of commitments to on Schedule I, and Granting of Request for Early purchase foreign currencies and U.S. (c) net retained income. Dividends on Termination of the Waiting Period dollar exchange, all other futures and stock will be added to the item for Under the Premerger Notification forwards contracts, written option interest on bonds, notes, and Rules contracts, purchased option contracts, debentures. notional value of interest rate swaps, Board of Governors of the Federal Reserve Section 7A of the Clayton Act, 15 System, March 6, 1996. notional value of exchange swaps, and U.S.C. § 18a, as added by Title II of the the notional value of other swaps. In William W. Wiles, Hart-Scott-Rodino Antitrust addition the reporting criteria for filing Secretary of the Board. Improvements Act of 1976, requires the FR 2314a on an annual basis will be [FR Doc. 96–5754 Filed 3–11–96; 8:45AM] persons contemplating certain mergers raised to include respondents with total Billing Code 6210±01±F or acquisitions to give the Federal Trade assets greater than $250 million, up Commission and the Assistant Attorney from $100 million. Subsidiaries with General advance notice and to wait total assets of $50 million or more but Sunshine Act Meeting designated periods before not more than $250 million will file the AGENCY HOLDING THE MEETING: Board of consummation of such plans. Section FR 2314b. Governors of the Federal Reserve 7A(b)(2) of the Act permits the agencies, (2) Additions to allow for compliance System. in individual cases, to terminate this with Financial Accounting Board TIME AND DATE: 11:00 a.m., Monday, waiting period prior to its expiration (FASB) Statement No. 115. Subsidiaries March 18, 1996. and requires that notice of this action be published in the Federal Register. will report a new schedule for securities PLACE: Marriner S. Eccles Federal that will provide information on Reserve Board Building, C Street The following transactions were available-for-sale securities and held-to- entrance between 20th and 21st Streets, granted early termination of the waiting maturity securities, and new items to N.W., Washington, D.C. 20551. period provided by law and the collect information on the net STATUS: Closed. premerger notification rules. The grants unrealized holding gains (losses) on MATTERS TO BE CONSIDERED: were made by the Federal Trade available-for-sale securities and Commission and the Assistant Attorney information on the change in net 1. Personnel actions (appointments, General for the Antitrust Division of the unrealized holding gains (losses) in promotions, assignments, reassignments, and salary actions) involving individual Federal Department of Justice. Neither agency available-for-sale securities. Reserve System employees. intends to take any action with respect (3) Additions to allow for compliance 2. Any items carried forward from a to these proposed acquisitions during with FASB Interpretation Number (FIN) previously announced meeting. the applicable waiting period.

TRANSACTIONS GRANTED EARLY TERMINATION BETWEEN: 021296 AND 022396

Date termi- Name of acquiring person; name of acquired person; name of acquired entity PMN No. nated

Honeywell Inc., General Signal Corporation, Leeds & Northrup Company ...... 96±0693 02/12/96 ConAgra, Inc., Meridian Products, Inc., Gulf Meridian, Inc. and Atlantic Meridian, Inc...... 96±0933 02/12/96 Henry Schein, Inc., Fred Salzman, Becker Parkin Dental Supply Co., Inc...... 96±0947 02/12/96 Fiberite Holdings, Inc., Hercules Incorporated, HISPAN Corporation ...... 96±0953 02/12/96 United Services Automobile Association, Meridian Industrial Trust, Inc., Meridian Industrial Trust, Inc...... 96±0961 02/12/96 CKE Restaurants, Inc., Summit Family Restaurants Inc., Summit Family Restaurants Inc...... 96±0978 02/12/96 Shaw Industries Ltd., Newco-U.S., Newco-U.S...... 96±0881 02/13/96 Dresser Industries, Inc., Newco-U.S., Newco-U.S...... 96±0882 02/13/96 Carlisle Companies Incorporated Michael Wilkinson, Intero, Inc. and Unique Wheel, Inc...... 96±0932 02/13/96 Kjell I. Rokke (a Bahamian person), BOCHICA Partners, Birting Fisheries, Inc...... 96±0986 02/13/96 Sonat, Inc., Pennzoil Company, Pennzoil Exploration and Production Company ...... 96±0998 02/13/96 Zell/Chilmark Fund, L.P., John T. Lynch, Noble Broadcast of San Diego, Inc./Sports Radio, Inc...... 96±1005 02/13/96 Welsh, Carson, Anderson & Stowe VII, L.P., AmComp Incorporated, AmComp Incorporated ...... 96±0838 02/14/96