35930 Federal Register / Vol. 63, No. 126 /Wednesday, July 1, 1998 / Notices

FEDERAL COMMUNICATIONS

COMMISSION

[CC Docket No. 96–45; DA 98–1130]

Third Quarter 1998 Universal Service

Contribution Factors Revised and

Approved

AGENCY: Federal Communications

Commission.

ACTION: Notice.

SUMMARY: The Common Carrier Bureau

announces approved universal service

contribution factors for the third quarter

of 1998.

DATES: The third quarter contribution

factors were announced in a Public

Notice released on June 12, 1998.

ADDRESSES: One original and five copies

of all comments responsive to this

Public Notice must be sent to Magalie

Roman Salas, Secretary, Federal

Communications Commission, 1919 M

Street, N.W., Washington, D.C. 20554.

Three copies also should be sent to

Sheryl Todd, Accounting Policy

Division, Common Carrier Bureau, 2100

M Street, N.W., 8th Floor, Washington,

D.C. 20554.

FOR FURTHER INFORMATION CONTACT: Lori

Wright, Accounting Policy Division,

Common Carrier Bureau, (202) 418–

7391.

SUPPLEMENTARY INFORMATION: In this

Public Notice, the Common Carrier

Bureau (Bureau) revises and approves

the final universal service contribution

factors for the third quarter of 1998. On

May 13, 1998, using information

submitted on May 1, 1998 by the

Universal Service Administrative

Company (USAC), Schools and Libraries

Corporation (SLC), and Rural Health

Care Corporation (RHCC), the

Accounting Policy Division (Division) of

the Bureau announced the proposed

universal service contribution factors for

the third quarter of 1998. The proposed

factors were published in the Federal

Register on May 26, 1998. Pursuant to

the Commission’s rules, if the

Commission had taken no action by

June 9, 1998, the proposed third quarter

contribution factors would have been

deemed approved. On June 8, 1998, the

Division extended until 11:59 p.m. on

June 12, 1998 the time period during

which the Commission could modify

the proposed third quarter 1998

universal service contribution factors.

Also on May 13, 1998, the Bureau

released a Public Notice seeking

comment on whether to reduce the 1998

collection amounts for the schools and

libraries and rural health care universal

service support mechanisms. In an

Order adopted today, the Commission,

among other things, adjusts the 1998

collection amounts for the schools and

libraries and rural health care universal

service support mechanisms.

Specifically, the Commission directs

USAC to collect only as much as

required by demand, but in no event

more than $325 million per quarter for

the third and fourth quarters of 1998

and the first and second quarters of

1999 to support the schools and

libraries universal service support

mechanism. The Commission further

directs SLC to commit to applicants no

more than $1.925 billion for

disbursement during 1998 and the first

half of 1999. With respect to the rural

health care universal service support

mechanism, the Commission directs

USAC to collect only as much as

required by demand, but in no event

more than $25 million per quarter for

the third and fourth quarters of 1998.

The adjustments to the collection

amounts for the third quarter of 1998 are

reflected in the table below under the

‘‘total program costs’’ column. We note

that, because the demand for funds

exceeds the maximum amount that will

be collected for the schools and libraries

support mechanism in the third quarter

of 1998, the ‘‘total program costs’’ for

the third quarter (i.e., $325 million) is

less than the demand that SLC

projected. Because the table lists

expenses, positive income flows are

denoted with parentheses.

THIRD QUARTER 1998

[In millions of dollars]

Program Program demand

Administrative

expenses Interest income Total programcosts

Schools and Libraries ............................................................................... 690.0 4.4 (0.0) 325.0

Rural Health Care ..................................................................................... 24.3 1.2 (0.5) 25.0

Subtotal .......................................................................................... 714.3 5.6 (0.5) 350.0

High Cost .................................................................................................. 414.1 0.8 (0.7) 414.2

Low Income .............................................................................................. 125.3 0.4 (1.0) 124.7

Subtotal .......................................................................................... 539.4 1.2 (1.7) 538.9

Total ............................................................................................... 1,253.7 6.8 (2.2) 888.9

Based on information contained in the

Universal Service Worksheets, FCC

Form 457, USAC submitted on May 1,

1998, end-user telecommunications

revenues for the 1997 calendar year. On

May 14, 1998, USAC submitted revised

end-user telecommunications revenues

for the 1997 calendar year. Funding

bases for the third and fourth quarters

are determined by subtracting the

revenues reported for January through

June 1997 (on the September

Worksheet) from the 1997 calendar year

revenues reported on the March

Worksheet. The amounts are as follows:

Total Interstate, Intrastate, and

International End-User

Telecommunications Revenues from

July 1, 1997—December 31, 1997:

$94.066 billion

Total Interstate and International EndUser Telecommunications Revenues

from July 1, 1997—December 31,

1997: $34.719 billion

To account for uncollectible

contributions, we decrease by one

percent the revenue estimates listed

above. It has come to our attention that

several carriers subject to the universal

service contribution obligation have

failed to meet this obligation. To

maintain the integrity of the universal

service support mechanisms, pending

enforcement of this obligation, we

determine that we should account for

uncollectible contributions at a rate of

one percent. This is consistent with

USAC’s estimated rate of uncollectible

contributions. Additionally, because

each quarter is three months long, we
Federal Register / Vol. 63, No. 126 /Wednesday, July 1, 1998 / Notices 35931

estimate quarterly revenues by dividing

by two the six-month revenue estimates.

Based on the revised end-user

telecommunications revenues submitted

by USAC, SLC, and RHCC, a onepercent reduction in the revenue

estimates to account for uncollectible

contributions, and consistent with the

revised collection amounts for the

schools and libraries and rural health

care support mechanisms adopted

today, the approved contribution factors

for the third quarter of 1998 are as

follows:

Contribution factor for the schools and

libraries and rural health care support

mechanisms: Total Program Costs /

Contribution Base (Interstate,

International, and Intrastate) = $0.350

billion / ( $93.125 billion / 2) = 0.0075

Contribution factor for the high cost and

low income support mechanisms:

Total Program Costs / Contribution

Base (Interstate and International) =

$0.539 billion / ($34.372 billion / 2)

= 0.0314

These factors are the approved third

quarter 1998 universal service

contribution factors that USAC shall use

to calculate third quarter universal

service contributions. USAC will bill

and collect these contributions on a

monthly basis.

For further information, contact Lori

Wright, Accounting Policy Division,

Common Carrier Bureau, at (202) 418–

7400.

Federal Communications Commission.

Lisa S. Gelb,

Chief, Accounting Policy Division, Common

Carrier Bureau.

[FR Doc. 98–17486 Filed 6–30–98; 8:45 am]

BILLING CODE 6712–01–U

FEDERAL DEPOSIT INSURANCE

CORPORATION

Sunshine Act Meeting

Pursuant to the provisions of the

‘‘Government in the Sunshine Act’’ (5

U.S.C. 552b), notice is hereby given that

at 3:47 p.m. on Friday, June 26, 1998,

the Board of Directors of the Federal

Deposit Insurance Corporation met in

closed session to consider (1) matters

relating to the Corporation’s supervisory

activities, and (2) an administrative

enforcement proceeding.

In calling the meeting, the Board

determined, on motion of Director Ellen

S. Seidman (Director, Office of Thrift

Supervision), seconded by Vice

Chairman Andrew C. Hove, Jr.,

concurred in by Director Julie L.

Williams (Acting Comptroller of the

Currency), and Chairman Donna

Tanoue, that Corporation business

required its consideration of the matters

on less than seven days’ notice to the

public; that no earlier notice of the

meeting was practicable; that the public

interest did not require consideration of

the matters in a meeting open to public

observation; and that the matters could

be considered in a closed meeting by

authority of subsections (c)(4), (c)(6),

(c)(8), and (c)(9)(A)(ii) of the

‘‘Government in the Sunshine Act’’ (5

U.S.C. 552b(c)(4), (c)(6), (c)(8), and

(c)(9)(A)(ii)).

The meeting was held in the Board

Room of the FDIC Building located at

550—17th Street, N.W., Washington,

D.C.

Dated: June 29, 1998.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 98–17722 Filed 6–26–98; 3:56 pm]

BILLING CODE 6714–01–M

FEDERAL MARITIME COMMISSION

Notice of Agreement(s) Filed

The Commission hereby gives notice

of the filing of the following

agreement(s) under the Shipping Act of

1984.

Interested parties can review or obtain

copies of agreements at the Washington,

DC offices of the Commission, 800

North Capitol Street, NW., Room 962.

Interested parties may submit comments

on an agreement to the Secretary,

Federal Maritime Commission,

Washington, DC 20573, within 10 days

of the date this notice appears in the

Federal Register.

Title: Management Agreement Between

Port of Oakland and Marine

Terminals Corporation

Parties: City of Oakland (Board of Port

Commissioners) Marine Terminals

Corporation

Synopsis: The proposed amendment

changes a minimum annual hourly

use guarantee of port cranes to a

minimum equivalent unit container

guarantee and provides for a

reduction in the amount of the per lift

charge. The term of the agreement

continues to run through June 30,

2004.

Title: City of Los Angeles and Matson

Terminals, Inc. Marine Terminal

Permit No. 776

Parties: City of Los Angeles (Board of

Harbor Commissioners) Matson

Terminals, Inc.

Synopsis: The proposed amendment

increases both the size of the area

leased and the amount of the rent

required. The term of the agreement

continues to run through January 31,

1999.

Title: Cruise Terminal Agreement

Among the Port of Palm Beach

District, Contessa International

Company and Contessa Cruise and

Casino, Inc.

Parties: Port of Palm Beach District,

Contessa International Company,

Contessa Cruise and Casino, Inc.

Synopsis: The proposed agreement

provides for the use of Palm Beach’s

Cruise Terminal Area by Contessa

International Company and its agent,

Contessa Cruise and Casino, Inc. The

term of the agreement runs through

June 21, 2004, with the possibility of

two 4-year extensions.

Dated: June 25, 1998.

By Order of the Federal Maritime

Commission.

Joseph C. Polking,

Secretary.

[FR Doc. 98–17405 Filed 6–30–98; 8:45 am]

BILLING CODE 6730–01–M

FEDERAL MARITIME COMMISSION

Ocean Freight Forwarder License

Applicants

Notice is hereby given that the

following applicants have filed with the

Federal Maritime Commission

applications for licenses as ocean freight

forwarders pursuant to section 19 of the

Shipping Act of 1984 (46 U.S.C. app.

1718 and 46 CFR 510).

Persons knowing of any reason why

any of the following applicants should

not receive a license are requested to

contact the Office of Freight Forwarders,

Federal Maritime Commission,

Washington, DC 20573.

International Traffic & Logistics, 9327

Tranquil Park Drive, Spring, TX

77379, Al G. Wichterich, Jr., Sole

Proprietor.

Dated: June 26, 1998.

Joseph C. Polking,

Secretary.

[FR Doc. 98–17471 Filed 6–30–98; 8:45 am]

BILLING CODE 6730–01–M

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