Agency Forms Under Review — 1995-01-05 [95-269]

The Board of Governors of the Federal Reserve System proposes to give approval, under delegated authority from the Office of Management and Budget (OMB), to the extension, with revisions, of the Annual Report of Foreign Banking Organizations (FR Y-7; OMB No. 7100- 0125) and the Foreign Banking Organization Confidential Report of Operations (FR 2068; OMB No. 7100-0125) for three years through December 31, 1997, and to discontinue the Notification Required Pursuant to Section 211.23h of Regulation K on Acquisitions by Foreign Banking Organizations (FR 4002; OMB No. 7100-0110). The FR Y-7 and FR 2068 reports currently are scheduled to expire on May 31, 1995. The Federal Reserve proposes that the revisions be effective for reports covering the period ending December 31, 1994. The deadline for filings as of this date would be April 30, 1995.