67074 Federal Register / Vol. 62, No. 246 / Tuesday, December 23, 1997 / Notices

1 15 U.S.C. Sections 1681–1681u; Title VI of the

Consumer Credit Protection Act.

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 January 16,

1998.

A. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. Buckhead Community Bancorp,

Inc., Atlanta, Georgia; to become a bank

holding company by acquiring 100

percent of the voting shares of The

Buckhead Community Bank, N.A.,

Atlanta, Georgia (in organization).

Board of Governors of the Federal Reserve

System, December 18, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–33460 Filed 12–22–97; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL TRADE COMMISSION

Charges for Certain Disclosures

AGENCY: Federal Trade Commission.

ACTION: Notice regarding charges for

certain disclosures.

SUMMARY: The Federal Trade

Commission announces that the current

ceiling on allowable charges under

Section 612(a) of the Fair Credit

Reporting Act (FCRA) will remain

unchanged for 1998. Under recent

amendments to the FCRA, the Federal

Trade Commission is required to

increase the $8.00 amount referred to in

paragraph (1)(A)(i) of Section 612(a) on

January 1 of each year, based

proportionally on changes in the

Consumer Price Index, with fractional

changes rounded to the nearest fifty

cents. Since the FCRA amendments

only took effect on September 30, 1997,

the modified amount shows no increase

based on the Consumer Price Index for

the period in question, and remains at

$8.00.

EFFECTIVE DATE: January 1, 1998.

ADDRESSES: Federal Trade Commission,

Washington, DC 20580.

FOR FURTHER INFORMATION CONTACT:

Lisa Marie Daniel, Bureau of Economics,

Federal Trade Commission,

Washington, DC 20580, 202–326–3394.

SUPPLEMENTARY INFORMATION: The Fair

Credit Reporting Act, originally enacted

in 1970,1 was extensively amended in

1996. Most of the amendments to the

law, including that which is discussed

in this notice, went into effect on

September 30, 1997. Section

612(a)(1)(A) states that, except as

provided in certain subsections, a

consumer reporting agency may impose

a reasonable charge on a consumer for

making a disclosure to the consumer

pursuant to Section 609, which charge

shall not exceed $8 and shall be

indicated to the consumer before

making the disclosure. Section 612(a)(2)

goes on to state that the Federal Trade

Commission (‘‘the Commission’’) shall

increase the $8.00 amount referred to in

paragraph (1)(A)(i) of Section 612(a) on

January 1 of each year, based

proportionally on changes in the

Consumer Price Index (CPI), with

fractional changes rounded to the

nearest fifty cents.

The Commission considers the $8

amount referred to in paragraph (1)(A)(i)

of Section 612(a) to be the baseline for

the effective ceiling on reasonable

charges dating from the time the

amended FCRA took effect, i.e.,

September 30, 1997. In November of

each year, the Commission will

calculate the proportional increase in

the Consumer Price Index (using the

most general CPI, which is for all urban

consumers, all items) for the twelve

months dating from September 30th of

the previous year to September 30th of

the current year. The Commission will

then determine what modification, if

any, from the original base of $8 should

be made effective on January 1 of each

subsequent year, given the requirement

that fractional changes be rounded to

the nearest fifty cents.

The Commission determines that

there will be no modification from the

base of $8.00 for January 1, 1998, as the

Act only went into effect on September

30, 1997.

By direction of the Commission.

Donald S. Clark,

Secretary.

[FR Doc. 97–33438 Filed 12–22–97; 8:45 am]

BILLING CODE 6750–01–M

FEDERAL TRADE COMMISSION

[File No. 971–0087]

CUC International Inc.; HFS

Incorporated; 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 February 23, 1998.

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:

William Baer, Federal Trade

Commission, 6th & Pennsylvania Ave.,

NW, H–374, Washington, DC 20580.

(202) 326–2932. Jacqueline K. Mendel,

Federal Trade Commission, 6th &

Pennsylvania Ave., NW, S–2308,

Washington, DC 20580. (202) 326–2603.

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

about-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 December 17, 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 Street and Pennsylvania

Avenue, N.W., Washington, D.C. 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