Federal Register / Vol. 71, No. 215 / Tuesday, November 7, 2006 / Notices 65113 

long-form application, fails to make full 

payment, or is otherwise disqualified) 

will be subject to the payments 

described in 47 CFR 1.2104(g)(2). The 

payments include both a deficiency 

payment, equal to the difference 

between the amount of the bidder’s bid 

and the amount of the winning bid the 

next time a construction permit 

covering the same spectrum is won in 

an auction, plus an additional payment 

equal to a percentage of the defaulter’s 

bid or of the subsequent winning bid, 

whichever is less. Pursuant to recent 

modifications to the rule governing 

default payments, the percentage of the 

applicable bid to be assessed as an 

additional payment for defaults in a 

particular auction is established in 

advance of the auction. Accordingly, in 

the Auction No. 68 Comment Public 

Notice, the Bureaus proposed to set the 

additional default payment for the 

auction of these FM broadcast 

construction permits at ten percent 

(10%) of the applicable bid. The 

Bureaus sought comment on their 

proposal. The two commenters support 

a 10 percent additional payment for 

each auction in which a bid is 

withdrawn. In reply, another 

commenter contends that the two 

commenters misunderstand the default 

rules; instead the commenter seeks 

changes to the default payment rules. 

The proposed changes to default 

payment rules are outside of the scope 

of this proceeding. Based on the 

Bureaus’ experience and the record 

before the Bureaus, the additional 

default payment for this auction of FM 

broadcast construction permits was set 

at ten percent (10%) of the applicable 

bid. 

155. Finally, the Bureaus note that in 

the event of a default, the Commission 

may re-auction the construction permit 

or offer it to the next highest bidder (in 

descending order) at its final bid 

amount. In addition, if a default or 

disqualification involves gross 

misconduct, misrepresentation, or bad 

faith by an applicant, the Commission 

may declare the applicant and its 

principals ineligible to bid in future 

auctions, and may take any other action 

that it deems necessary, including 

institution of proceedings to revoke any 

existing authorizations held by the 

applicant. 

E. Refund of Remaining Upfront 

Payment Balance 

156. All applicants that submit 

upfront payments but after the close of 

the auction are not winning bidders for 

a construction permit in Auction No. 68 

may be entitled to a refund of their 

remaining upfront payment balance 

after the conclusion of the auction. All 

refunds will be returned to the payer of 

record, as identified on the FCC Form 

159, unless the payer submits written 

authorization instructing otherwise. 

157. Bidders that drop out of the 

auction completely may be eligible for 

a refund of their upfront payments 

before the close of the auction. Qualified 

bidders that have exhausted all of their 

activity rule waivers and have no 

remaining bidding eligibility may also 

be eligible for a refund of their upfront 

payment before the close of the auction. 

If an applicant has completed the refund 

instructions electronically, the refund 

will be sent automatically. If an 

applicant has not completed the refund 

instructions electronically, a written 

request must be submitted for the 

refund and include wire transfer 

instructions, Taxpayer Identification 

Number (TIN) and FCC Registration 

Number (FRN). Send refund requests to: 

Federal Communications Commission, 

Financial Operations Center, Auctions 

Accounting Group, Attn: Gail Glasser, 

445 12th Street, SW., Room 1–C864, 

Washington, DC 20554. 

158. Following the close of the 

auction, the Commission may refund 

upfront monies on deposit that exceed 

the required final payment and/or 

default payment amounts. Such refunds 

will be made to the payer of record as 

identified on the FCC Form 159, 

provided the necessary refund request 

and wire transfer instructions have been 

received. 

Federal Communications Commission. 

Gary D. Michaels, 

Deputy Chief, Auctions Spectrum and Access 

Division, WTB. 

[FR Doc. E6–18725 Filed 11–6–06; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL COMMUNICATIONS 

COMMISSION 

Sunshine Act Meeting; Deletion of 

Agenda Item From November 3, 2006, 

Open Meeting 

November 2, 2006. 

The following item has been deleted 

from the list of Agenda items scheduled 

for consideration at the Friday, 

November 3, 2006, Open Meeting. 

4 Wireline Competition ............................................................................ Title: AT&T Inc. and BellSouth Corporation Application for Transfer 

of Control (WC Docket No. 06–74). 

Summary: The Commission will consider a Memorandum Opinion 

and Order regarding the transfer of control application of AT&T 

and BellSouth. 

Federal Communications Commission. 

William F. Canton, 

Deputy Secretary. 

[FR Doc. 06–9114 Filed 11–3–06; 10:58 am] 

BILLING CODE 6712–01–M 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Establishment of the FDIC Advisory 

Committee on Economic Inclusion 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice. 

SUMMARY: The Chairman of the Federal 

Deposit Insurance Corporation has 

determined to establish the FDIC 

Advisory Committee on Economic 

Inclusion (‘‘the Committee’’). The 

Committee will provide advice and 

recommendations on initiatives to 

expand access to banking services by 

underserved populations. The 

Committee will review various issues 

that may include, but not be limited to, 

basic retail financial services such as 

check cashing, money orders, 

remittances, stored value cards, shortterm loans, savings accounts, and other 

services to promote asset accumulation 

and financial stability. The Chairman 

certifies that the establishment of this 

advisory committee is in the public 

interest in connection with the 

performance of duties imposed on the 

FDIC by law. 

FOR FURTHER INFORMATION CONTACT: 

Robert E. Feldman, Executive Secretary, 

FDIC, 550 17th Street, NW., 

Washington, DC 20429; telephone (202) 

898–7043. 

SUPPLEMENTARY INFORMATION: In 

accordance with the requirements of the 

Federal Advisory Committee Act 

(‘‘FACA’’) 5 U.S.C. App. 2, notice is 

hereby given that the Chairman of the 

FDIC intends to establish the FDIC 

Advisory Committee on Economic 


ycherry on PROD1PC64 with NOTICES