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15688 Federal Register / Vol. 70, No.

58 / Monday, March 28, 2005 / Notices

counterparties are highly creditworthy, and addition, the agencies also are asking for information by the agency. Under the
the institution’s management not only has comment on a number of issues affecting the Paperwork Reduction Act (PRA) of
tight controls on the loan but also has a policy and will consider the answers before 1995, Federal agencies are required to
favorable track record of managing similar developing the final policy statement. In publish notice in the Federal Register
loans. In the event of the borrower’s particular, your comments are needed on the
contractual default, the institution’s following issues:
concerning each proposed collection of
management believes that it would recover 1. The agencies intend to implement this information, including each proposed
sufficient cash to repay the loan within 60 framework for all sizes of institutions. Could extension of a currently approved
days. your institution implement the approach? collection, and allow 60 days for public
Borrower and Facility Rating: The borrower 2. If not, please provide the reasons. comment in response to the notice. This
is rated weak due to its well-defined credit 3. What types of implementation expenses notice solicits comments on information
weaknesses. would financial institutions likely incur? The needed to process beneficiaries claims
The facility is rated ‘‘remote risk of loss’’ agencies welcome financial data supporting for payment of insurance proceeds.
because of institutional management’s the estimated cost of implementing the
expertise; the facility’s strong controls and framework. DATES: Written comments and
high quality; and the collateral’s liquidity 4. Which provisions of this proposal, if recommendations on the proposed
and ample coverage. any, are likely to generate significant training collection of information should be
The facility is included in pass assets. and systems programming costs? received on or before May 27, 2005.
5. Are the examples clear and the resultant ADDRESSES: Submit written comments
Example 7. Debtor-in-Possession
ratings reasonable?
Credit Facility: $100 debtor-in-possession on the collection of information to
6. Would additional parts of the framework
(DIP) facility, $70 outstanding with $10 benefit from illustrative examples? Nancy J. Kessinger, Veterans Benefits
available 7. Is the proposed treatment of guarantors Administration (20M35), Department of
$100 term loan reasonable? Veterans Affairs, 810 Vermont Avenue,
Sources of Repayment: Please provide any other information that NW., Washington, DC 20420 or e-mail:
Primary: Cash flow from operations the agencies should consider in determining irmnkess@vba.va.gov. Please refer to
Secondary: Liquidation of collateral the final policy statement, including the ‘‘OMB Control No. 2900–0060’’ in any
Collateral: The DIP facility is secured by optimal implementation date for the correspondence.
receivables from several investment grade proposed changes.
companies and underwritten with a Dated: March 17, 2005. FOR FURTHER INFORMATION CONTACT:
conservative advance rate to protect against
Julie L. Williams,
Nancy J. Kessinger at (202) 273–7079 or
dilution risk. FAX (202) 275–5947.
The term loan is secured by equipment. Acting Comptroller of the Currency.
SUPPLEMENTARY INFORMATION: Under the
Situation: The borrower has filed for Board of Governors of the Federal Reserve
Chapter 11 bankruptcy protection because PRA of 1995 (Pub. L. 104–13; 44 U.S.C.
System, March 21, 2005.
the recall of one of the company’s products 3501–3521), Federal agencies must
Jennifer J. Johnson, obtain approval from the Office of
has precipitated a substantial decline in
sales. The product liability litigation resulted Secretary of the Board. Management and Budget (OMB) for each
in substantial legal expenses and settlements. Federal Deposit Insurance Corporation. collection of information they conduct
Because collecting the term loan in full is By order of the Board of Directors. or sponsor. This request for comment is
very unlikely, the financial institution’s being made pursuant to Section
management placed the term loan on Dated at Washington, DC, this 18th day of
March, 2005. 3506(c)(2)(A) of the PRA.
nonaccrual prior to the borrower’s
bankruptcy filing. Management estimates the Robert E. Feldman, With respect to the following
institution will collect 70 percent to 80 Executive Secretary. collection of information, VBA invites
percent on their secured claim under the comments on: (1) Whether the proposed
Dated: March 18, 2005. collection of information is necessary
borrower’s bankruptcy reorganization plan.
Based on this estimate, management charges By the Office of Thrift Supervision. for the proper performance of VBA’s
off $20 and estimates impairment of $10 for James E. Gilleran, functions, including whether the
the remaining balance. The DIP facility Director. information will have practical utility;
repaid the pre-petition asset-based line of (2) the accuracy of VBA’s estimate of the
credit. Management has expertise in asset- [FR Doc. 05–5982 Filed 3–25–05; 8:45 am]
BILLING CODE 4810–33–C; 6210–01–C; 6714–01–C;
burden of the proposed collection of
based lending and strong controls over the
activity. 6720–01–C information; (3) ways to enhance the
Borrower and Facility Rating: The borrower quality, utility, and clarity of the
is rated default since one of its facilities was information to be collected; and (4)
placed on nonaccrual. DEPARTMENT OF VETERANS ways to minimize the burden of the
The DIP facility is rated ‘‘remote risk of AFFAIRS collection of information on
loss’’ not only because it is secured by high- respondents, including through the use
quality receivables with ample coverage, but [OMB Control No. 2900–0060] of automated collection techniques or
also because the financial institution’s the use of other forms of information
management has performed frequent Proposed Information Collection technology.
borrowing-base audits and has strong Activity: Proposed Collection;
controls over cash disbursements and Titles:
Comment Request
collections. The term loan is rated ‘‘moderate a. Claim for One Sum Payment
loss severity’’ (>5% and <=30%) because AGENCY: Veterans Benefits (Government Life Insurance), VA Form
management’s impairment estimate for the Administration, Department of Veterans 29–4125.
remaining loan balance falls within this Affairs. b. Claim for Monthly Payments
range. (National Service Life Insurance), VA
ACTION: Notice.
The DIP facility is included in pass assets. Form 29–4125a.
The term loan is included in classified SUMMARY: The Veterans Benefits c. Claim for Monthly Payments
assets.
Administration (VBA), Department of (United States Government Life
Request for Comment Veterans Affairs (VA), is announcing an Insurance, (USGLI)), VA Form 29–
The agencies request comments on all opportunity for public comment on the 4125k.
aspects of the proposed policy statement. In proposed collection of certain OMB Control Number: 2900–0060.

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Federal Register / Vol. 70, No. 58 / Monday, March 28, 2005 / Notices 15689

Type of Review: Extension of a notice solicits comments for information the cost of completing the improvement
currently approved collection. needed to allow veteran purchasers to into an escrow account held by a third
Abstract: Beneficiaries of deceased gain occupancy of a property prior to party. The funds can only be used to
veterans must complete VA Form 29– completion of exterior onsite complete the postponed improvements
4125 to apply for proceeds of the improvements. and are released when the
veteran’s Government Insurance DATES: Written comments and improvements are completed. The
policies. If the beneficiary desires recommendations on the proposed information collected on VA Form 26–
monthly installment in lieu of one lump collection of information should be 1849 documents a legal agreement
payment he or she must complete VA received on or before May 27, 2005. between parties other than VA when
Forms 29–4125a and 29–4125k. VA uses appropriate funds must be set aside for
ADDRESSES: Submit written comments
the information to determine the completion of certain exterior onsite
claimant’s eligibility for payment of on the collection of information to improvements.
insurance proceeds and to process Nancy J. Kessinger, Veterans Benefits Affected Public: Individuals or
monthly installment payments. Administration (20M35), Department of households and Business or other for-
Affected Public: Individuals or Veterans Affairs, 810 Vermont Avenue, profit.
households. NW., Washington, DC 20420 or e-mail: Estimated Annual Burden: 625 hours.
Estimated Annual Burden: 8,787 irmnkess@vba.va.gov. Please refer to Estimated Average Burden Per
hours. ‘‘OMB Control No. 2900–0320’’ in any Respondent: 30 minutes.
a. VA Form 29–4125—8,200 hours. correspondence. Frequency of Response: On occasion.
b. VA Form 29–4125a—462 hours. FOR FURTHER INFORMATION CONTACT: Estimated Number of Respondents:
c. VA Form 4125k—125 hours. Nancy J. Kessinger at (202) 273–7079 or 1,250.
Estimated Average Burden Per FAX (202) 275–5947. Dated: March 17, 2005.
Respondent: SUPPLEMENTARY INFORMATION: Under the By direction of the Secretary.
a. VA Form 29–4125—6 minutes. PRA of 1995 (Pub. L. 104–13; 44 U.S.C. Martin Hill,
b. VA Form 29–4125a—15 minutes. 3501–3521), Federal agencies must
c. VA Form 4125k—15 minutes. Management Analyst, Records Management
obtain approval from the Office of Service.
Frequency of Response: On occasion. Management and Budget (OMB) for each
Estimated Number of Respondents: [FR Doc. E5–1326 Filed 3–25–05; 8:45 am]
collection of information they conduct
84,350. or sponsor. This request for comment is
BILLING CODE 8320–01–P
a. VA Form 29–4125—82,000. being made pursuant to Section
b. VA Form 29–4125a—1,850.
3506(c)(2)(A) of the PRA. DEPARTMENT OF VETERANS
c. VA Form 4125k—500.
With respect to the following AFFAIRS
Dated: March 17, 2005. collection of information, VBA invites
comments on: (1) Whether the proposed [OMB Control No. 2900–0324]
By direction of the Secretary.
Martin Hill, collection of information is necessary Proposed Information Collection
Management Analyst, Records Management for the proper performance of VBA’s Activity: Proposed Collection;
Service. functions, including whether the Comment Request
[FR Doc. E5–1322 Filed 3–25–05; 8:45 am] information will have practical utility;
(2) the accuracy of VBA’s estimate of the AGENCY: Veterans Benefits
BILLING CODE 8320–01–P
burden of the proposed collection of Administration, Department of Veterans
information; (3) ways to enhance the Affairs.
DEPARTMENT OF VETERANS quality, utility, and clarity of the ACTION: Notice.
AFFAIRS information to be collected; and (4)
ways to minimize the burden of the SUMMARY: The Veterans Benefits
[OMB Control No. 2900–0320] collection of information on Administration (VBA), Department of
respondents, including through the use Veterans Affairs (VA), is announcing an
Proposed Information Collection opportunity for public comment on the
of automated collection techniques or
Activity: Proposed Collection; proposed collection of certain
the use of other forms of information
Comment Request information by the agency. Under the
technology.
AGENCY: Veterans Benefits Title: Escrow Agreement for Paperwork Reduction Act (PRA) of
Administration, Department of Veterans Postponed Exterior Onsite 1995, Federal agencies are required to
Affairs. Improvements, VA Form 26–1849. publish notice in the Federal Register
OMB Control Number: 2900–0320. concerning each proposed collection of
ACTION: Notice.
Type of Review: Extension of a information, including each proposed
SUMMARY: The Veterans Benefits currently approved collection. extension of a currently approved
Administration (VBA), Department of Abstract: VA Form 26–1849 is collection, and allow 60 days for public
Veterans Affairs (VA), is announcing an provided as a service to veterans, comment in response to the notice. This
opportunity for public comment on the builders/sellers, and escrow agents in notice solicits comments on information
proposed collection of certain situations involving onsite escrows. The needed to determine a veteran’s
information by the agency. Under the escrow allows the veteran to occupy the eligibility or reinstatement for
Paperwork Reduction Act (PRA) of property when specific exterior onsite Government Life insurance.
1995, Federal agencies are required to improvement may have to be postponed DATES: Written comments and
publish notice in the Federal Register due to unforeseen circumstances such recommendations on the proposed
concerning each proposed collection of as adverse weather or other specified collection of information should be
information, including each proposed unavoidable conditions. For these received on or before May 27, 2005.
extension of a currently approved situations, VA developed escrow ADDRESSES: Submit written comments
collection, and allow 60 days for public procedures whereby a builder/seller on the collection of information to
comment in response to the notice. This deposits at least one and one-half times Nancy J. Kessinger, Veterans Benefits

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