53636 Federal Register / Vol. 62, No. 199 / Wednesday, October 15, 1997 / Notices

compile reports of all bids placed, bids

withdrawn, current high bids, new

minimum accepted bids, and bidder

eligibility status (bidding eligibility and

activity rule waivers), and post the

reports for public access.

Reports reflecting bidders’ identities

and bidder identification numbers for

Auction No. 17 will be available before

and during the auction. Thus, bidders

will know in advance of this auction the

identities of the bidders against which

they are bidding.

(8) Auction Announcements

The FCC will use auction

announcements to announce items such

as schedule changes and stage

transitions. All FCC auction

announcements will be available on the

FCC remote electronic bidding system,

as well as the Internet and the FCC

Bulletin Board System.

(9) Other Matters

As noted in Part 3.B, supra, after the

short-form filing deadline, applicants

may make only minor changes to their

FCC Form 175 applications. For

example, permissible minor changes

include deletion and addition of

authorized bidders (to a maximum of

three) and revision of exhibits. Filers

should make these changes on-line, and

submit a letter to Kathleen O’Brien

Ham, Chief, Auctions and Industry

Analysis Division, Wireless

Telecommunications Bureau, Federal

Communications Commission, 2025 M

Street, N.W., Room 5202, Washington,

D.C. 20554 (and mail a separate copy to

Matthew Moses, Auctions and Industry

Analysis Division), briefly summarizing

the changes. Questions about other

changes should be directed to the FCC

Auctions and Industry Analysis

Division at 202–418–0660.

V. Post-Auction Procedures

A. Down Payments and Withdrawn Bid

Payments

After bidding has ended, the

Commission will issue a public notice

declaring the auction closed, identifying

the winning bids and bidders for each

license, and listing withdrawn bid

payments due.

Within five business days after release

of this auction closing notice, each

winning bidder must submit sufficient

funds (in addition to its upfront

payment) to bring its total amount of

money on deposit with the Government

to 20 percent of its net winning bids

(actual bids less any applicable bidding

credits). See 47 CFR 101.1102(b). In

addition, by the same deadline all

bidders must pay any withdrawn bid

amounts due under 47 CFR 1.2104(g), as

discussed in Part 4.B(5), supra. (Upfront

payments are applied first to satisfy any

withdrawn bid liability, before being

applied toward down payments.)

B. Long-Form Application

Within ten business days after release

of the auction closing notice, winning

bidders must submit a properly

completed long-form application and

required exhibits for each LMDS license

won through the auction. Winning very

small businesses, small businesses, and

entrepreneurs must include an exhibit

demonstrating their eligibility for

bidding credits. See 47 CFR 101.1109(b).

Further filing instructions will be

provided to auction winners at the close

of the auction.

C. Default and Disqualification

Any high bidder that defaults or is

disqualified after the close of the

auction (i.e., fails to remit the required

down payment within the prescribed

period of time, fails to submit a timely

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). In

such event the Commission may reauction the license to existing or new

applicants or offer it to the next highest

bidders (in descending order) at their

final bids. See 47 CFR 1.2109(b) and (c).

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 licenses held by the applicant.

See 47 CFR 1.2109(d).

D. Refund of Remaining Upfront

Payment Balance

All applicants who submitted upfront

payments but were not winning bidders

for any LMDS license may be entitled to

a refund of their remaining upfront

payment balance after the conclusion of

the auction. No refund will be made

unless there are excess funds on deposit

from that applicant after any applicable

bid withdrawal payments have been

paid.

Bidders who drop out of the auction

completely may be eligible for a refund

of their upfront payments before the

close of the auction. However, bidders

who reduce their eligibility and remain

in the auction are not eligible for partial

refunds of upfront payments until the

close of the auction. Qualified bidders

who have exhausted all their activity

rule waivers, have no remaining bidding

eligibility, and have not withdrawn a

high bid during the auction must submit

a written refund request which includes

wire transfer instructions, a Taxpayer

Identification Number (‘‘TIN’’), and a

copy of their bidding eligibility screen

print, to: Federal Communications

Commission, Billings and Collections

Branch, Attn: Regina Dorsey or Linwood

Jenkins, 1919 M Street, N.W., Room 452,

Washington, D.C. 20554.

Bidders can also fax their request to

the Billings and Collections Branch at

(202) 418–2843. Once the request has

been approved, a refund will be sent to

the address provided on the FCC Form

159.

Note: Refund processing generally takes up

to two weeks to complete. Bidders with

questions about refunds should contact

Regina Dorsey or Linwood Jenkins at 202–

418–1995.

Media Contact: Audrey Spivack at

(202) 418–0654.

Public Safety and Private Wireless

Division: Susan Magnotti or Bob James

at (202) 418–0680; Auctions and

Industry Analysis Division: Mark

Bollinger, Matthew Moses, or Louis

Sigalos at (202) 418–0660.

Federal Communications Commission.

William F. Caton,

Acting Secretary.

[FR Doc. 97–27232 Filed 10–14–97; 8:45 am]

BILLING CODE 6712–01–P

FEDERAL COMMUNICATIONS

COMMISSION

Deletion of Agenda Items From

October 9th Open Meeting

The following items have been

deleted from the list of agenda items

scheduled for consideration at the

October 9, 1997, Open Meeting and

previously listed in the Commission’s

Notice of October 2, 1997.

Item No., Bureau, Subject

1—Wireless Telecommunications—

Title: Service Rules for the 746–806

MHz Band, and Revisions to Part 27

of the Commission’s Rules and The

Development of Operational,

Technical and Spectrum

Requirements for Meeting Federal,

State and Local Public Safety Agency

Communication Requirements

Through the Year 2010 --

Establishment of Rules and

Requirements for Priority Access

Service (WT Docket No. 96–86).

Summary: The Commission will

consider action concerning service

rules for the 746-806 MHz band and
Federal Register / Vol. 62, No. 199 / Wednesday, October 15, 1997 / Notices 53637

on rules to permit the provision of

priority access service.

2—Common Carrier—Title:

Administration of the North American

Numbering Plan (CC Docket No. 92–

237) and Toll Free Service Access

Codes (CC Docket No. 95–155).

Summary: The Commission will

consider action concerning the

administrator of the North American

Numbering Plan, the Billing and

Collection Agent for

telecommunications numbering

administration, and administration of

the database containing toll free

numbers.

Dated October 9, 1997.

Federal Communications Commission.

William F. Caton,

Acting Secretary.

[FR Doc. 97–27413 Filed 10–10–97; 12:06

pm]

BILLING CODE 6712–01–F

FEDERAL EMERGENCY

MANAGEMENT AGENCY

Notice of Adjustment of Disaster Grant

Amounts

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: The Federal Emergency

Management Agency (FEMA) gives

notice that the maximum amounts for

Individual and Family Grants and grants

to State and local governments and

private nonprofit facilities are adjusted

for disasters declared on or after October

1, 1997.

EFFECTIVE DATE: October 1, 1997.

FOR FURTHER INFORMATION CONTACT:

Madge Dale, Response and Recovery

Directorate, Federal Emergency

Management Agency, Washington, DC

20472, (202) 646–3630.

SUPPLEMENTARY INFORMATION: The

Robert T. Stafford Disaster Relief and

Emergency Assistance Act, Public Law

93–288, as amended, prescribes that

grants made under Section 411,

Individual and Family Grant Program,

and grants made under Section 422,

Simplified Procedure, relating to the

Public Assistance program, shall be

adjusted annually to reflect changes in

the Consumer Price Index for All Urban

Consumers published by the

Department of Labor.

Notice is hereby given that the

maximum amount of any grant made to

an individual or family for disasterrelated serious needs and necessary

expenses under Sec. 411 of the Act,

with respect to any single disaster, is

increased to $13,400 for all disasters

declared on or after October 1, 1997.

Notice is also hereby given that the

amount of any grant made to the State,

local government, or to the owner or

operator of an eligible private nonprofit

facility, under Sec. 422 of the Act, is

increased to $47,100 for all disasters

declared on or after October 1, 1997.

The increase is based on a rise in the

Consumer Price Index for All Urban

Consumers of 2.2 percent for the prior

12-month period. The information was

published by the Department of Labor

during September 1997. (Catalog of

Federal Domestic Assistance No. 83.516,

Disaster Assistance.)

James L. Witt,

Director.

[FR Doc. 97–27255 Filed 10–14–97; 8:45 am]

BILLING CODE 6718–02–P

FEDERAL RESERVE SYSTEM

Agency Information Collection

Activities: Discontinuance

Background

Notice is hereby given of the

discontinuance of an information

collection by the Board of Governors of

the Federal Reserve System (Board).

FOR FURTHER INFORMATION CONTACT:

Chief, Financial Reports Section—Mary

M. McLaughlin—Division of Research

and Statistics, Board of Governors of

the Federal Reserve System,

Washington, DC 20551 (202-452-3829)

OMB Desk Officer—Alexander T.

Hunt—Office of Information and

Regulatory Affairs, Office of

Management and Budget, New

Executive Office Building, Room

3208, Washington, DC 20503 (202-

395-7860)

Discontinuation of the following

report:

1. Report title: Monthly Survey of

Selected Deposits and Annual

Supplement to the Monthly Survey of

Selected Deposits

Agency form number: FR 2042 and FR

2042a

OMB Control number: 7100-0066

Effective Date: immediately; data as-of

September 30, 1997 will be the last

collected

Frequency: monthly (FR 2042) and

annual (FR 2042a)

Reporters: commercial banks and

savings banks insured by the Bank

Insurance Fund (BIF)

Annual reporting hours: 6,300 (FR 2042)

and 525 (FR 2042a)

Estimated average hours per response:

1.0

Number of respondents: 525

Small businesses are affected.

General description of report: This

information collection has been

voluntary (12 U.S.C. § 248(a)(2)). For the

FR 2042, the individual respondent data

on amounts outstanding and on interest

expense have been given confidential

treatment (5 U.S.C. § 552(b)(4)).

Individual respondent information on

interest rates paid on deposits has been

made available to the public on request.

Data from the FR 2042a have not been

accorded confidential status.

Abstract: These reports have collected

information on the structure and pricing

of deposit accounts from a stratified

sample of 525 commercial and BIFinsured savings banks. Results of the

monthly survey have been published

once a month in a supplementary table

included in the Board’s H.6 statistical

release, Money Stock, Liquid Assets, and

Debt Measures.

The Federal Reserve has used FR 2042

and FR 2042a data in a number of ways,

including construction and

interpretation of the monetary

aggregates, measuring elasticities in

money demand equations, and assessing

the changing behavior of banks in

pricing deposit accounts. However,

innovations in retail products and

pricing have reduced the accuracy and

usefulness of the data collected in the

underlying survey. Discontinuing the

survey will produce cost savings for the

Federal Reserve and reduce the

reporting burden on depository

institutions. Data on retail deposit rates

can be obtained from private sector

vendors.

The public’s use of FR 2042 data

appears to be minimal.

Board of Governors of the Federal Reserve

System, October 8, 1997

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–27277 Filed 10–14–97; 8:45 am]

Billing Code 6210–01–F

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