Federal Register/Vol. 65, No. 148/Tuesday, August 1
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46920 Federal Register / Vol. 65, No. 148 / Tuesday, August 1, 2000 / Notices Abstract: This report collected 1995, unless it displays a currently valid Proposal To Extend for Three Years information from depository institutions OMB control number. With Minor Instructional Clarification (other than U.S. branches and agencies On May 22, 2000, the agencies, under the Following Currently Approved of foreign banks and Edge and the auspices of the Federal Financial Collection of Information Institutions Examination Council agreement corporations) that are fully Report title: Country Exposure Report (FFIEC), requested public comment for exempt from reserve requirements for U.S. Branches and Agencies of under the Garn-St Germaine Depository 60 days on the extension, without revision, of the currently approved Foreign Banks Institutions Act of 1982. This report was Form number: FFIEC 019. used by the Federal Reserve for information collection: the Country Exposure Report for U.S. Branches and OMB number: 7100±0213. administering Regulation D (Reserve Frequency of response: Quarterly. Requirements of Depository Institutions) Agencies of Foreign Banks (FFIEC 019). The agencies, however, are making a Affected Public: U.S. branches and and for constructing, analyzing, and agencies of foreign banks. controlling the monetary and reserve minor clarification to the FFIEC 019 Number of respondents: 230. aggregates. The Federal Reserve general instructions regarding the Estimated average hours per response: eliminated the exempt deposit cutoff treatment of credit derivatives as 10 hours. and discontinued this report associated guarantees, effective September 30, Estimated Annual reporting hours: with that cutoff. The Federal Reserve 2000. 9,200 hours. believes that, for exempt institutions, DATES: Comments must be submitted on the quarterly reports of condition are or before August 31, 2000. General Description of Report adequate for quarterly benchmarking of ADDRESSES: Comments, which should This information collection is the monetary aggregates. The Federal refer to the OMB control number, mandatory: 12 U.S.C. 3105 and 3108 for Reserve also believes that by shifting the should be addressed to the OMB desk the Board of Governors of the Federal current FR 2910q reporters to the officer: Alexander T. Hunt, Office of Reserve System; sections 7 and 10 of the annual, two-item FR 2910a, the Board Information and Regulatory Affairs, Federal Deposit Insurance Act (12 will be able to adequately monitor Office of Management and Budget, New U.S.C. 1817, 1820) for the Federal compliance with Regulation D. The shift Executive Office Building, Room 3208, Deposit Insurance Corporation; and the in reporting frequency of the almost 500 Washington, DC 20503. National Bank Act (12 U.S.C. 161) for FR 2910q respondents to the FR 2910a Board: Written comments on the the Office of the Comptroller of the would reduce reporting burden by 3,690 FFIEC 019 should be addressed to Currency). This information collection hours. Jennifer J. Johnson, Secretary, Board of is given confidential treatment. (5 U.S.C. Board of Governors of the Federal Reserve Governors of the Federal Reserve 552(b)(8)). Small businesses (that is, System, July 26, 2000. System, 20th and C Streets, NW., small U.S. branches and agencies of Jennifer J. Johnson, Washington, DC 20551, or mailed foreign banks) are affected. Secretary of the Board. electronically to [email protected]. Abstract [FR Doc. 00±19314 Filed 7±31±00; 8:45 am] Comments addressed to Ms. Johnson BILLING CODE 6210±01±P All individual U.S. branches and also may be delivered to the Board's agencies of foreign banks that have more mail room between 8:45 a.m. and 5:15 than $30 million in direct claims on FEDERAL RESERVE SYSTEM p.m., and to the security control room residents of foreign countries must file outside of those hours. Both the mail the FFIEC 019 report quarterly. Agency Information Collection room and the security control room are Currently, all respondents report Activities: Submission for OMB accessible from the courtyard entrance adjusted exposure amounts to the five Review; Comment Request on 20th Street between Constitution largest countries having at least $20 Avenue and C Street, NW. Comments million in total adjusted exposure. The AGENCY: Board of Governors of the received may be inspected in room M± Agencies collect this data to monitor the Federal Reserve System (Board). P±500 between 9:00 a.m. and 5:00 p.m., extent to which such branches and ACTION: Notice of information collection except as provided in section 261.14 of agencies are pursuing prudent country to be submitted to OMB for review and the Board's Rules Regarding Availability risk diversification policies and limiting approval under the Paperwork of Information, 12 CFR 261.14(a). potential liquidity pressures. No Reduction Act of 1995. FOR FURTHER INFORMATION CONTACT: A changes are proposed to the FFIEC 019 copy of the Paperwork Reduction Act reporting form, however, minor SUMMARY: In accordance with the Submission (OMB 83±I), supporting clarifications are proposed to the requirements of the Paperwork statement, and other documents that instructions. Reduction Act of 1995 (44 U.S.C. have been submitted to OMB for review Current Actions: The agencies did not chapter 35), the Board, the Federal and approval may be requested from the receive any comments in response to the Deposit Insurance Corporation (FDIC), agency clearance officer, whose name notice published in the Federal Register and the Office of the Comptroller of the appears below. on May 22, 2000, (65 FR 32098) Currency (OCC) (collectively, the Board: Mary M. West, Federal Reserve requesting public comment on the ``agencies''), hereby give notice that they Board Clearance Officer (202±452± extension without revision of this plan to submit to the Office of 3829), Division of Research and information collection. The agencies, Management and Budget (OMB) Statistics, Board of Governors of the however, are making a minor requests for review of the information Federal Reserve System, Washington, clarification to the FFIEC 019 general collection system described below. The DC 20551. Telecommunications Device instructions regarding the treatment of Agencies may not conduct or sponsor, for the Deaf (TDD) users may contact credit derivatives as guarantees, and the respondent is not required to Diane Jenkins (202±452±3544), Board of effective September 30, 2000. respond to, an information collection Governors of the Federal Reserve that has been extended, revised, or System, Washington, DC 20551. Request for Comment implemented on or after October 1, SUPPLEMENTARY INFORMATION: Comments are invited on: VerDate 11<MAY>2000 23:41 Jul 31, 2000 Jkt 190000 PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 E:\FR\FM\01AUN1.SGM pfrm08 PsN: 01AUN1 Federal Register / Vol. 65, No. 148 / Tuesday, August 1, 2000 / Notices 46921 a. Whether the information Board of Governors of the Federal Reserve Dated: July 28, 2000. collections are necessary for the proper System, July 26, 2000. Jennifer J. Johnson, performance of the agencies' functions, Jennifer J. Johnson, Secretary of the Board. including whether the information has Secretary of the Board. [FR Doc. 00±19585 Filed 7±28±00; 3:36 pm] [FR Doc. 00±19312 Filed 7±31±00; 8:45 am] practical utility; BILLING CODE 6210±01±P b. The accuracy of the agencies' BILLING CODE 6210±01±P estimates of the burden of the information collections, including the FEDERAL RESERVE SYSTEM validity of the methodology and FEDERAL TRADE COMMISSION assumptions used; Sunshine Act Meeting Granting of Request for Early c. Ways to enhance the quality, TIME AND DATE: 11:00 a.m., Monday, Termination of the Waiting Period utility, and clarity of the information to August 7, 2000. Under the Premerger Notification be collected; Rules PLACE: Marriner S. Eccles Federal d. Ways to minimize the burden of Reserve Board Building, 20th and C Section 7A of the Clayton Act, 15 information collections on respondents, Streets, N.W., Washington, D.C. 20551. U.S.C. 18a, as added by Title II of the including through the use of automated STATUS: Closed. Hart-Scott-Rodino Antitrust collection techniques or other forms of MATTERS TO BE CONSIDERED: information technology; and 1. Personnel actions (appointments, Improvements Act of 1976, requires persons contemplating certain mergers e. Estimates of capital or start up costs promotions, assignments, reassignments, and salary actions) or acquisitions to give the Federal Trade and costs of operation, maintenance, Commission and the Assistance and purchase of services to provide involving individual Federal Reserve System employees. Attorney General advance notice and to information. 2. Any items carried forward from a wait designated periods before Comments submitted in response to previously announced meeting. consummation of such plans. Section this notice will be shared among the CONTACT PERSON FOR MORE INFORMATION: 7A(b)(2) of the Act permits the agencies, agencies and will be summarized or Lynn S. Fox, Assistant to the Board; in individual cases, to terminate this included in the agencies' requests for 202±452±3204. waiting period prior to its expiration OMB approval. All comments will SUPPLEMENTARY INFORMATION: You may and requires that notice of this action be become a matter of public record. call 202±452±3206 beginning at published in the Federal Register. Written comments should address the approximately 5 p.m. two business days The following transactions were accuracy of the burden estimates and before the meeting for a recorded granted early termination of the waiting ways to minimize burden including the announcement of bank and bank period provided by law and the use of automated collection techniques holding company applications premerger notification rules. The grants or the use of other forms of information scheduled for the meeting; or you may were made by the Federal Trade technology as well as other relevant contact the Board's Web site at http:// Commission and the Assistant Attorney aspects of the information collection www.federalreserve.gov for an General for the Antitrust Division of the request.