35642 Federal Register / Vol. 65, No. 108 / Monday, June 5, 2000 / Notices

45. In order to implement ‘‘or’’ bids,

we would need to modify the method by

which we determine retained bids.

Rather than using the method described

in ‘‘II.B. Definitions: Winning and

Retained Bids,’’ we would determine

retained bids as follows:

• Retain a global package bid if it is

the provisional winner. Do not retain

attached ‘‘or’’ bids.

• Retain a national package bid if it

would be part of the provisional

winning set including national packages

and individual license bids, but

excluding global and regional packages.

Do not retain attached ‘‘or’’ bids.

• Retain a regional package bid if it

would be part of the provisional

winning set including regional packages

and individual license bids, but

excluding global and national packages.

Do not retain attached ‘‘or’’ bids.

• Retain individual license bids if it

would be part of the provisional

winning set including individual

license bids, but excluding global,

national and regional package bids. Do

not retain attached ‘‘or’’ bids.

We seek comment on this proposal,

including whether the number of ‘‘or’’

bids per bidder be limited.

B. Bid Cancellation

46. Another method that could

overcome the reluctance of bidders that

have retained but non-provisional

winning bids from bidding on other

licenses that they consider substitutes is

to allow bidders to cancel their bids. If

we adopted such a procedure, bidders

would be permitted to cancel only nonprovisional winning retained bids;

provisional winning bids could not be

cancelled. Allowing non-provisional

winning retained bid cancellation could

avoid the possible complexity of ‘‘or’’

bids and provide bidders more

flexibility to pursue backup strategies—

and to explore ways to beat package

bids. However, it also could facilitate

adverse strategic bidding, similar to that

associated with allowing withdrawal of

provisional winning bids. Allowing

cancellation of retained but nonprovisional winning bids could also

make it more difficult for bidders for

single licenses or smaller packages to

beat package bids. Moreover, if bidders

were permitted to freely cancel nonprovisional winning retained bids, the

total of retained bids would not

necessarily always increase during the

auction and we might be unable to

ensure an acceptable pace of the

auction. We therefore tentatively

conclude not to permit bidders to cancel

bids. We seek comment, however, on

this.

47. If we permitted cancellation of

non-provisional winning bids, we

would also likely adopt the option of

retaining all bids. The possibility that

bids may be cancelled means that many,

or all, bids are potentially part of a

winning set of bids, and thus it may be

appropriate to retain all bids. Rather

than the auction system canceling nonprovisional winning bids automatically,

bidders would be required to cancel

those bids. If we were to adopt this

approach, it would also be necessary to

modify the activity rules and the

procedures for calculating minimum

acceptable bids. The currently proposed

activity rule could provide inadequate

incentives to move the auction along if

the same activity credit were given to all

bids regardless of their likelihood of

winning. We seek comment on this

proposal.

C. Bid Composition Restriction

48. We seek comment on bid

composition restrictions. For example,

the Milgrom-McAfee bid composition

restriction would not allow a bidder that

is active in a round on a package, but

not on a subset of that package, to bid

subsequently for the subset. Such a

restriction could help mitigate the

threshold problem. It would tend to

deter bidders that are interested in

multiple license but do not have strong

synergies from strategically making

package bids to create a threshold

problem for bidders interested in

subsets of the package. Such a rule

would, however, somewhat limit

bidders’ flexibility. We seek comment

on this device and similar restrictions.

IV. Conclusion

49. This proceeding has been

designated as a ‘‘permit-but-disclose’’

proceeding in accordance with the

Commission’s ex parte rules. 47 CFR

1.1200(a), 1.1206. Persons making oral

ex parte presentations are reminded that

memoranda summarizing the

presentations must contain summaries

of the substance of the presentations

and not merely a listing of the subjects

discussed. More than a one or two

sentence description of the views and

arguments presented is generally

required. See 47 CFR 1.1206(b). Other

rules pertaining to oral and written ex

parte presentations in permit-butdisclose proceedings are set forth in

§ 1.1206(b) of the Commission’s rules,

47 CFR 1.1206(b).

Federal Communications Commission.

Louis J. Sigalos,

Deputy Chief, Auctions and Industry Analysis

Division.

[FR Doc. 00–13993 Filed 6–2–00; 8:45 am]

BILLING CODE 6712–01–P

FEDERAL RESERVE SYSTEM

Change in Bank Control Notices;

Acquisitions of Shares of Banks or

Bank Holding Companies

The notificants listed below have

applied under the Change in Bank

Control Act (12 U.S.C. 1817(j)) and

§ 225.41 of the Board’s Regulation Y (12

CFR 225.41) to acquire a bank or bank

holding company. The factors that are

considered in acting on the notices are

set forth in paragraph 7 of the Act (12

U.S.C. 1817(j)(7)).

The notices are available for

immediate inspection at the Federal

Reserve Bank indicated. The notices

also will be available for inspection at

the offices of the Board of Governors.

Interested persons may express their

views in writing to the Reserve Bank

indicated for that notice or to the offices

of the Board of Governors. Comments

must be received not later than June 19,

2000.

A. Federal Reserve Bank of

Minneapolis (JoAnne F. Lewellen,

Assistant Vice President), 90 Hennepin

Avenue, Minneapolis, Minnesota

55480–0291:

1. John L. Franklin, Sidney, Montana;

to acquire voting shares of 1st United

Bancorporation, Inc., Sidney, Montana,

and thereby indirectly acquire voting

shares of 1st Bank, Sidney, Montana.

Board of Governors of the Federal Reserve

System, May 30, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–13899 Filed 6–2–00; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and

Mergers of Bank Holding Companies

The companies listed in this notice

have applied to the Board for approval,

pursuant to the Bank Holding Company

Act of 1956 (12 U.S.C. 1841 et seq.)

(BHC Act), Regulation Y (12 CFR Part

225), and all other applicable statutes

and regulations to become a bank

holding company and/or to acquire the

assets or the ownership of, control of, or

the power to vote shares of a bank or

bank holding company and all of the

banks and nonbanking companies

Federal Register / Vol. 65, No. 108 / Monday, June 5, 2000 / Notices 35643

owned by the bank holding company,

including the companies listed below.

The applications listed below, as well

as other related filings required by the

Board, are available for immediate

inspection at the Federal Reserve Bank

indicated. The application also will be

available for inspection at the offices of

the Board of Governors. Interested

persons may express their views in

writing on the standards enumerated in

the BHC Act (12 U.S.C. 1842(c)). If the

proposal also involves the acquisition of

a nonbanking company, the review also

includes whether the acquisition of the

nonbanking company complies with the

standards in section 4 of the BHC Act

(12 U.S.C. 1843). Unless otherwise

noted, nonbanking activities will be

conducted throughout the United States.

Additional information on all bank

holding companies may be obtained

from the National Information Center

website at www.ffiec.gov/nic/.

Unless otherwise noted, comments

regarding each of these applications

must be received at the Reserve Bank

indicated or the offices of the Board of

Governors not later than June 29, 2000.

A. Federal Reserve Bank of Chicago

(Phillip Jackson, Applications Officer)

230 South LaSalle Street, Chicago,

Illinois 60690–1414:

1. Mahaska Investment Company

ESOP, Oskaloosa, Iowa; to acquire an

additional 2.29 percent, for a total of

13.87 percent in aggregate, of the voting

shares of Mahaska Investment

Company, Oskaloosa, Iowa, and thereby

indirectly acquire additional voting

shares of Mahaska State Bank,

Oskaloosa, Iowa; Pella State Bank, Pella,

Iowa; Central Valley Bank, Ottumwa,

Iowa; and Midwest Federal Savings &

Loan of Eastern Iowa, Burlington, Iowa.

B. Federal Reserve Bank of

Minneapolis (JoAnne F. Lewellen,

Assistant Vice President) 90 Hennepin

Avenue, Minneapolis, Minnesota

55480–0291:

1. F & M Financial Services, Inc.,

Preston, Minnesota; to acquire 100

percent of the voting shares of F & M

Community Bank, N. A., Chatfield,

Minnesota, a de novo bank.

C. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198–0001:

1. JTB Bancshares, Inc., Mission Hills,

Kansas; to become a bank holding

company by acquiring 100 percent of

the voting shares of Whiting

Bankshares, Inc., Whiting, Kansas, and

thereby indirectly acquire The State

Bank of Whiting, Whiting, Kansas.

Board of Governors of the Federal Reserve

System, May 30, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–13900 Filed 6–2–00; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

Notice of Proposals To Engage in

Permissible Nonbanking Activities or

To Acquire Companies That Are

Engaged in Permissible Nonbanking

Activities

The companies listed in this notice

have given notice under section 4 of the

Bank Holding Company Act (12 U.S.C.

1843) (BHC Act) and Regulation Y, (12

CFR Part 225) to engage de novo, or to

acquire or control voting securities or

assets of a company, including the

companies listed below, that engages

either directly or through a subsidiary or

other company, in a nonbanking activity

that is listed in § 225.28 of Regulation Y

(12 CFR 225.28) or that the Board has

determined by Order to be closely

related to banking and permissible for

bank holding companies. Unless

otherwise noted, these activities will be

conducted throughout the United States.

Each notice is available for inspection

at the Federal Reserve Bank indicated.

The notice also will be available for

inspection at the offices of the Board of

Governors. Interested persons may

express their views in writing on the

question whether the proposal complies

with the standards of section 4 of the

BHC Act. Additional information on all

bank holding companies may be

obtained from the National Information

Center website at www.ffiec.gov/nic/.

Unless otherwise noted, comments

regarding the applications must be

received at the Reserve Bank indicated

or the offices of the Board of Governors

not later than June 19, 2000.

A. Federal Reserve Bank of Chicago

(Phillip Jackson, Applications Officer)

230 South LaSalle Street, Chicago,

Illinois 60690–1414:

1. First Community Bancshares, Inc.,

Bargersville, Indiana; to acquire Blue

River Federal Savings Bank, Edinburgh,

Indiana, and thereby engage in

operating a savings association,

pursuant to § 225.28(b)(4)(ii) of

Regulation Y. Comments on this

application must be received not later

than June 29, 2000.

B. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198–0001:

1. Admiral Family Banks, Inc., Alsip,

Illinois; to engage de novo in leasing

activities, pursuant to § 225.28(b)(3) of

Regulation Y.

Board of Governors of the Federal Reserve

System, May 30, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–13898 Filed 6–2–00; 8:45 am]

BILLING CODE 6210–01–P

FEDERAL TRADE COMMISSION

[File No. 981 0108]

Service Corporation International;

Analysis To Aid Public Comment

AGENCY: Federal Trade Commission.

ACTION: Proposed consent agreement.

SUMMARY: The consent agreement in this

matter settles alleged violations of

federal law prohibiting unfair or

deceptive acts or practices or unfair

methods of competition. The attached

Analysis To Aid Public Comment

describes both the allegations in the

draft complaint that accompanies the

consent agreement and the terms of the

consent order—embodied in the consent

agreement—that would settle these

allegations.

DATES: Comments must be received on

or before June 19, 2000.

ADDRESSES: Comments should be

directed to: FTC/Office of the Secretary,

Room 159, 600 Pennsylvania Ave., NW,

Washington, DC 20580.

FOR FURTHER INFORMATION CONTACT:

Harold Kirtz or Andrea Foster, Federal

Trade Commission, Southeast Region,

Suite 5M35, Midrise Bldg., 60 Forsyth

St., S.W., Atlanta, GA 30303. (404) 656–

1357.

SUPPLEMENTARY INFORMATION: Pursuant

to Section 6(f) of the Federal Trade

Commission Act, 38 Stat. 721, 15 U.S.C.

46 and Section 2.34 of the Commission’s

Rules of Practice (16 CFR 2.34) notice is

hereby given that the above-captioned

consent agreement containing a consent

order to cease and desist, having been

filed with and accepted, subject to final

approval, by the Commission, has been

placed on the public record for a period

of thirty (30) days. The following

Analysis To Aid Public Comment

describes the terms of the consent

agreement, and the allegations in the

complaint. An electronic copy of the

full text of the consent agreement

package can be obtained from the FTC

Home Page (for May 18, 2000), on the

World Wide Web, at ‘‘http://

www.ftc.gov/ftc/formal.htm.’’ A paper

copy can be obtained from the FTC

Public Reference Room, Room H–130,

600 Pennsylvania Avenue, NW,