8246 Federal Register / Vol. 62, No. 36 / Monday, February 24, 1997 / Notices

annually a statistical report on average

rates for the delivery of basic cable

service, other cable programming

services, and equipment. Pursuant to

this requirement, the Commission

conducted a survey and, on January 2,

1997, released its Report on Cable

Industry Prices (‘‘Report’’). The Report

contains data and information that

summarize survey responses from 756

cable franchises concerning cable

industry prices for the delivery of basic

cable service, other cable programming

services, and equipment on three dates:

August 31, 1993, July 14, 1994, and

January 1, 1995. The Report is intended

to examine the effects of the

Commission’s regulation of the cable

industry on cable prices.

FOR FURTHER INFORMATION CONTACT: Dan

Hodes, Cable Services Bureau (202)

418–7041 or Kiran Duwadi, Cable

Services Bureau (202) 418–7028.

SUPPLEMENTARY INFORMATION: This is a

synopsis of the Report in MM Docket

No. 92–266, FCC 96–499, adopted

December 31, 1996, and released

January 2, 1997. The complete text of

the Report is available for inspection

and copying during normal business

hours in the FCC Reference Center

(Room 239), 1919 M Street, N.W.,

Washington, D.C., 20554, and may also

be purchased from the Commission’s

copy contractor, International

Transcription Service (‘‘ITS, Inc.’’),

(202) 857–3800, 2100 M Street, N.W.,

Suite 140, Washington, D.C. 20037. In

addition, the complete text of the Report

is available on the Internet at http://

www.fcc.gov/Bureaus/Cable/WWW/

csb.html

Synopsis of the Report

1. Pursuant to the statutory

requirement, the distributed survey

gathered information on the prices

charged in two groups of cable

franchises: (1) those in which there was

effective competition, referred to as the

‘‘competitive group,’’ and (2) those in

which there was not, referred to as the

‘‘noncompetitive group.’’ A significant

portion of the noncompetitive group,

representing more than two-thirds of the

total number of subscribers served by

cable operators in franchises included

in the sample, was subject to rate

regulation. The remaining one-third

subscribed to services from cable

operators in franchises which were

unregulated. Three of the more

significant findings of the Report are

summarized below.

2. First, the Report found that prices

charged in the noncompetitive group

were higher in all three time periods

studied than those charged in the

competitive group. In addition, the

Report found that the price differential

between the competitive and

noncompetitive groups was significant

prior to the implementation of rate

regulation under the 1992 Cable Act,

and that the differential narrowed

substantially after rate regulation was

instituted. This finding is consistent

with expectations since the intent of

rate regulation was to simulate the

effects of a competitive marketplace.

3. Specifically, the Report found that

prior to the implementation of rate

regulation, on August 31, 1993, the

average cable rate for services and

equipment charged by the competitive

group was $20.51 per month, and the

average charged by the noncompetitive

group was $22.23 per month, a

differential of 8.4%. After the

imposition of rate regulation, the

differential narrowed to 2.7% ($21.04

charged by the competitive group

compared with $21.61 charged by the

noncompetitive group) in July 1994, and

narrowed further to 2.3% ($21.25

charged by the competitive group

compared with $21.74 charged by the

noncompetitive group) by January 1,

1995. Similarly, a comparison of the

regulated portion of the noncompetitive

group with the competitive group

indicates that the differential in prices

charged for equipment, basic, and other

programming services narrowed even

further to 2.1% in July 1994 and to 1.6%

in January 1995.

4. Second, the Report found a large

drop in equipment prices between

August 1993 and July 1994, the period

during which rate regulation took effect.

For example, the monthly rate for

remotes for the noncompetitive group

dropped from $1.32 per month in

August 1993 to $0.26 in July 1994.

Similarly, over the same period, the

average monthly rate for nonaddressable

converters dropped from $1.58 to $1.27

and for addressable converters, from

$2.46 to $2.17.

5. Third, the Report found that the

average monthly rate per channel

charged by cable operators in franchises

subject to rate regulation fell from $0.62

per channel to $0.53 per channel

between August 1993 and July 1994, a

drop of 14.5%. This decline reflects

both an increase in the average number

of channels received as well as a decline

in the average monthly rate for

programming services. Between July

1994 and January 1995, the per channel

rate remained steady at $0.53 because

the underlying average rate per month

and the average number of channels

offered remained roughly the same. The

number of channels received and the

average price per channel provide a

comparable way of measuring the

services received by cable subscribers.

Ordering Clause

6. It is Ordered that this Report is

issued pursuant to authority contained

in Section 623(k) of the

Communications Act of 1934, as

amended, 47 U.S.C. 534(k).

Federal Communications Commission.

William F. Caton,

Acting Secretary.

[FR Doc. 97–4425 Filed 2–21–97; 8:45 am]

BILLING CODE 6712–01–P

Sunshine Act Meeting

February 19, 1997.

Deletion of Agenda Items From

February 20th Open Meeting

The following items have been

deleted from the list of agenda items

scheduled for consideration at the

February 20, 1997, Open Meeting and

previously listed in the Commission’s

Notice of February 13, 1997.

Item No. Bureau Subject

3 ............................ Wireless telecommunications ............... Title: Amendment of the Commission’s Rules Regarding Multiple Address Systems and Implementation of Section 309(j) of the Communications Act—Competitive Bidding (PR Docket No. 93–253).

Summary: The Commission will consider proposing new service, licensing, and

competitive bidding rules for spectrum allocated to Multiple Address Systems in

the Fixed Microwave Services.

4 ............................ Wireless telecommunications ............... Title: Revised of Part 22 and Part 90 of the Commission’s Rules to Facilitate Future Development of Paging Systems (WT Docket No. 96–18) and Implementation of Section 309(j) of the Communications Act—Competitive Bidding (PP

Docket No. 93–253).
Federal Register / Vol. 62, No. 36 / Monday, February 24, 1997 / Notices 8247

Item No. Bureau Subject

Summary: The Commission will consider action concerning geographic area licensing of common carrier paging and 929 MHz private carrier paging, and

competitive bidding procedures for auctioning geographic area paging licenses.

5 ............................ Wireless telecommunications ............... Title: Amendment of Part 90 of the Commission’s Rules to Provide for the Use of

the 220–222 MHz Band by the Private Land Mobile Radio Service (PR Docket

No. 89–552, RM–8506); Implementation of Sections 3(n) and 332 of the Communications Act—Regulatory Treatment of Mobile Services (GN Docket No.

93–252) and Implementation of Section 309(j) of the Communications Act—

Competitive Bidding, 220–222 MHz (PP Docket No. 93–253).

Summary: The Commission will consider action concerning the future operation

and licensing of the 220–222 MHz band.

Federal Communications Commission.

William F. Caton,

Acting Secretary.

[FR Doc. 97–4574 Filed 2–20–97; 10:43 am]

BILLING CODE 6712–01–M

FEDERAL EMERGENCY

MANAGEMENT AGENCY

[FEMA–1158–DR]

Minnesota; Amendment to Notice of a

Major Disaster Declaration

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: This notice amends the notice

of a major disaster for the State of

Minnesota (FEMA–1158–DR), dated

January 16, 1997, and related

determinations.

EFFECTIVE DATE: February 5, 1997.

FOR FURTHER INFORMATION CONTACT:

Magda Ruiz, Response and Recovery

Directorate, Federal Emergency

Management Agency, Washington, DC

20472, (202) 646–3260.

SUPPLEMENTARY INFORMATION: Notice is

hereby given that the incident period for

this disaster is closed effective February

3, 1997.

(Catalog of Federal Domestic Assistance No.

83.516, Disaster Assistance.)

Lacy E. Suiter,

Executive Associate Director, Response and

Recovery Directorate.

[FR Doc. 97–4460 Filed 2–21–97; 8:45 am]

BILLING CODE 6718–02–P

[FEMA–1159–DR]

Washington; Amendment to Notice of

a Major Disaster Declaration

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: This notice amends the notice

of a major disaster for the State of

Washington, (FEMA–1159–DR), dated

January 17, 1997, and related

determinations.

EFFECTIVE DATE: February 6, 1997.

FOR FURTHER INFORMATION CONTACT:

Magda Ruiz, Response and Recovery

Directorate, Federal Emergency

Management Agency, Washington, DC

20472, (202) 646–3260.

SUPPLEMENTARY INFORMATION: The notice

of a major disaster for the State of

Washington, is hereby amended to

include the following areas among those

areas determined to have been adversely

affected by the catastrophe declared a

major disaster by the President in his

declaration of January 17, 1997:

The counties of Asotin, Jefferson, Pend

Oreille and Whatcom for Individual

Assistance (already designated for Public

Assistance and Hazard Mitigation).

(Catalog of Federal Domestic Assistance No.

83.516, Disaster Assistance.)

Lacy E. Suiter,

Executive Associate Director, Response and

Recovery Directorate.

[FR Doc. 97–4461 Filed 2–21–97; 8:45 am]

BILLING CODE 6718–02–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. Once the

notices have been accepted for

processing, they will also 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 March 10, 1997.

A. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480-2171:

1. The Winton Jones Revocable Trust

of 1997, Carl Jones, Christopher Jones,

and Richard McMahon, as trustees,

Wayzata, Minnesota; to acquire 100

percent of the voting shares of Anchor

Bancorp, Inc., Wayzata, Minnesota, and

thereby indirectly acquire Anchor Bank,

N.A., Wayzata, Minnesota; Anchor

Bank, West St. Paul, N.A., West St. Paul,

Minnesota; The Bank of Saint Paul, St.

Paul, Minnesota; Heritage National

Bank, North St. Paul, Minnesota; and

The First National Bank of Farmington,

Farmington, Minnesota.

B. Federal Reserve Bank of Kansas

City (John E. Yorke, Senior Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198-0001:

1. Robert S. Appel, Englewood,

Colorado, and William P. Johnson,

Boulder, Colorado, Co-trustees of

FirstBank Holding Company of

Colorado Employee Stock Ownership

Plan, Lakewood, Colorado, and its

subsidiary, FirstBank Holding Company

of Colorado, Lakewood, Colorado; to

vote as trustee, 26.8 percent of the

voting shares of FirstBank of Arvada,

N.A., Arvada, Colorado, and thereby

indirectly acquire FirstBank of Aurora,

N.A., Aurora, Colorado; FirstBank of

Avon, Avon, Colorado; FirstBank of

Boulder, N.A., Boulder, Colorado;

FirstBank of Breckenridge, N.A.,

Breckenridge, Colorado; FirstBank of

Douglas County, N.A., Castle Rock,

Colorado; FirstBank of Colorado

Springs, Colorado Springs, Colorado;

FirstBank of Cherry Creek, N.A., Denver,

Colorado; FirstBank of Denver, N.A.,

Denver, Colorado; FirstBank of

Longmont, Longmont, Colorado;

FirstBank of Northern Colorado, Fort

Collins, Colorado; FirstBank of Greeley,

Greeley, Colorado; FirstBank of Tech

Center, N.A., Englewood, Colorado;

FirstBank of Colorado, N.A., Lakewood,

Colorado; FirstBank of South Jeffco,