Federal Register / Vol. 62, No. 194 / Tuesday, October 7, 1997 / Notices 52339

acquire Boston Private Bank & Trust

Company, Boston, Massachusetts.

Comments on this application must

be received by October 15, 1997.

Board of Governors of the Federal Reserve

System, October 2, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–26544 Filed 10–6–97; 8:45 am]

BILLING CODE 6210–01–F

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 October

22, 1997.

A. Federal Reserve Bank of

Philadelphia (Michael E. Collins, Senior

Vice President) 100 North 6th Street,

Philadelphia, Pennsylvania 19105-1521:

1. Clark S. Frame and David C.

Frame, Doylestown, Pennsylvania; to

acquire voting shares of Premier

Bancorp, Inc., Doylestown,

Pennsylvania, and thereby indirectly

acquire Premier Bank, Doylestown,

Pennsylvania.

B. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198-0001:

1. Michael P. Landen, Dallas, Texas;

to acquire voting shares of Security

National Corporation, Omaha, Nebraska,

and thereby indirectly acquire Security

National Bank of Omaha, Omaha,

Nebraska.

Board of Governors of the Federal Reserve

System, October 2, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–26545 Filed 10–6–97; 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

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.

Unless otherwise noted, nonbanking

activities will be conducted throughout

the United States.

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 October 31,

1997.

A. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. Premier Bancshares, Inc., Atlanta,

Georgia; to acquire 100 percent of the

voting shares of Citizens Gwinnett

Bankshares, Inc., Duluth, Georgia, and

thereby indirectly acquire Citizens Bank

of Gwinnett, Duluth, Georgia

B. Federal Reserve Bank of Chicago

(Philip Jackson, Applications Officer)

230 South LaSalle Street, Chicago,

Illinois 60690-1413:

1. Capitol Bancorp, Ltd., Lansing,

Michigan; to acquire a majority of the

voting shares of Muskegon Commerce

Bank, Muskegon, Michigan, 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. TCA Financial Corporation,

Englewood, Colorado; to become a bank

holding company by acquiring 100

percent of the voting shares of Trust

Company of America, Boulder,

Colorado, a de novo bank.

D. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. Amador Merger Corporation, Las

Cruces, New Mexico; to become a bank

holding company by acquiring 100

percent of the voting shares of Citizens

Bank of Las Cruces, Las Cruces, New

Mexico.

Board of Governors of the Federal Reserve

System, October 2, 1997.

Willaim W. Wiles,

Secretary of the Board.

[FR Doc. 97–26546 Filed 10–6–97; 8:45 am]

BILLING CODE 6210–01–F

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 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.

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 October 21, 1997.

A. Federal Reserve Bank of San

Francisco (Pat Marshall, Manager of

Analytical Support, Consumer

Regulation Group) 101 Market Street,

San Francisco, California 94105-1579:

1. The Sanwa Bank Limited, Osaka,

Japan; to acquire Morcroft Capital

Corporation, Fairfield, New Jersey, and

thereby engage in leasing and financing
52340 Federal Register / Vol. 62, No. 194 / Tuesday, October 7, 1997 / Notices

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

and (b)(1) of the Board’s Regulation Y.

Board of Governors of the Federal Reserve

System, October 2, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–26547 Filed 10–6–97; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL RESERVE SYSTEM

Sunshine Act Meeting

TIME AND DATE: 11:00 a.m., Tuesday,

October 14, 1997.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, C Street

entrance between 20th and 21st Streets,

NW., Washington, DC 20551.

STATUS: Closed.

MATTERS TO BE CONSIDERED:

1. Personnel actions (appointments,

promotions, assignments,

reassignments, and salary actions)

involving individual Federal Reserve

System employees.

2. Any items carried forward from a

previously announced meeting.

CONTACT PERSON FOR MORE INFORMATION:

Mr. Joseph R. Coyne, Assistant to the

Board; (202) 452–3204. You may call

(202) 452–3207, beginning at

approximately 5 p.m. two business days

before this meeting, for a recorded

announcement of bank and bank

holding company applications

scheduled for the meeting.

Dated: October 3, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–26721 Filed 10–3–97; 3:49 pm]

BILLING CODE 6210–01–P

FEDERAL TRADE COMMISSION

[Docket No. 9261]

Weight Watchers International, Inc.,

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

complaint issued earlier 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 December 8, 1997.

ADDRESSES: Comments should be

directed to: FTC/Office of the Secretary,

Room 159, 6th St. and Pa. Ave., N.W.,

Washington, D.C. 20580.

FOR FURTHER INFORMATION CONTACT:

Richard Kelly, Federal Trade

Commission, H–200, 6th &

Pennsylvania Ave., NW, Washington,

DC 20580. (202) 326–3304. Ronald

Waldman, Federal Trade Commission,

New York Regional Office, 150 William

Street, Suite 1300, New York, NY 10038.

(212) 264–1207.

SUPPLEMENTARY INFORMATION: Pursuant

to Section 6(f) of the Federal Trade

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

46, and Section 3.25 of the

Commission’s Rules of Practice (16 CFR

3.25), 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 sixty (60)

days. The following Analysis to Aid

Public Comment describes the terms of

the consent agreement, and the

allegations in the accompanying

complaint. An electronic copy of the

full text of the consent agreement

package can be obtained from the

Commission Actions section of the FTC

Home Page (for September 30, 1997), on

the World Wide Web, at ‘‘http://

www.ftc.gov/os/actions97.htm.’’ A

paper copy can be obtained from the

FTC Public Reference Room, Room H–

130, Sixth and Pennsylvania Avenue,

N.W., Washington, DC 20580, either in

person or by calling (202) 326–3627.

Public comment is invited. Such

comments or views will be considered

by the Commission and will be available

for inspection and copying at its

principal office in accordance with

Section 4.9(b)(6)(ii) of the Commission’s

Rules of Practice (16 CFR 4.9(b)(6)(ii)).

Analysis of Proposed Consent Order to

Aid Public Comment

The Federal Trade Commission has

accepted an agreement, subject to final

approval, to a proposed consent order

from Weight Watchers International,

Inc. (hereinafter ‘‘Weight Watchers’’ or

‘‘respondent’’), marketers of the Weight

Watchers Weight Loss Program. The

Weight Watchers Weight Loss Program

is offered to the public nationwide

through company-owned and franchised

weight loss centers.

The proposed consent order has been

placed on the public record for sixty

(60) days for the reception of comments

by interested persons. Comments

received during this period will become

part of the public record. After sixty (60)

days, the Commission will again review

the agreement and any comments

received and will decide whether it

should withdraw from the agreement

and take other appropriate action or

make final the agreement’s proposed

order.

The Commission’s complaint alleged

that the respondent made numerous

unsubstantiated representations through

consumer testimonials and other

advertisements that:

(1) Its customers are typically

successful in reaching their weight loss

goals and maintaining their weight loss

under respondent’s diet program;

(2) Overweight or obese customers

typically are successful in reaching their

weight loss goals and maintaining their

weight loss either long-term or

permanently; and

(3) Its weight loss programs are

superior to other weight loss programs

in enabling participants to achieve and

maintain weight loss.

The complaint further charges that

Weight Watchers made false and

unsubstantiated claims that consumers

using its ‘‘Quick Success’’ program

would lose weight at a faster rate when

compared to its earlier programs.

The proposed consent order seeks to

address the alleged success

misrepresentations cited in the

accompanying complaint in several

ways. First, the proposed order, in Part

I.A., requires the company to possess a

reasonable basis consisting of competent

and reliable scientific evidence when

appropriate substantiating any claim

about the success of participants on any

diet program in achieving or

maintaining weight loss. To ensure

compliance, the proposed order further

specifies what this level of evidence

shall consist of when certain types of

success claims are made:

(1) In the case of claims that weight

loss is typical or representative of all

participants using the program or any

subset of those participants, that

evidence shall be based on a

representative sample of: (a) All

participants who have entered the

programs where the representation

relates to such persons; or (b) all

participants who have completed a

particular phase of the program or the

entire program, where the

representation only relates to such

persons.

(2) In the case of claims that any

weight loss is maintained long-term,

that evidence shall be based upon the

experience of participants who were

followed for a period of at least two

years after their completion of the

respondents’ program, including any