41258 Federal Register / Vol. 63, No. 148 / Monday, August 3, 1998 / Notices

Federal Communications Commission.

Magalie Roman Salas,

Secretary.

[FR Doc. 98–20527 Filed 7–31–??; 8:45 am]

BILLING CODE 6712–01–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 August 28,

1998.

A. Federal Reserve Bank of New

York (Betsy Buttrill White, Senior Vice

President) 33 Liberty Street, New York,

New York 10045-0001:

1. Summit Bancorp, Princeton, New

Jersey; to acquire 100 percent of the

voting shares of NSS Bancorp, Inc.,

Norwalk, Connecticut, and thereby

indirectly acquire NSS Bank, Norwalk,

Connecticut.

B. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198-0001:

1. RSNB Bancorp, Rock Springs,

Wyoming; to become a bank holding

company by acquiring 100 percent of

the voting shares of Rock Springs

National Bank, Rock Springs, Wyoming.

C. Federal Reserve Bank of Dallas

(W. Arthur Tribble, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. Northwest Bancorporation, Inc.,

Houston, Texas; to acquire 49 percent of

the voting shares of Redstone

Bancorporation, Inc., Houston, Texas,

and thereby indirectly acquire Redstone

Bank, N.A., Houston, Texas.

In connection with this application,

Redstone Bancorporation, Inc., Houston,

Texas, has applied to become a bank

holding company by acquiring 100

percent of the voting shares of Redstone

Bank, N.A., Houston, Texas.

Board of Governors of the Federal Reserve

System, July 29, 1998.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 98–20639 Filed 7–31–98; 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, including the

companies listed below, 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 August 28, 1998.

A. Federal Reserve Bank of San

Francisco (Maria Villanueva, Manager

of Analytical Support, Consumer

Regulation Group) 101 Market Street,

San Francisco, California 94105-1579:

1. Community West Bancshares,

Goleta, California; to acquire Palomar

Savings and Loan Association,

Escondido, California, and thereby

engage in activities of a savings and loan

association, pursuant to §

225.28(b)(4)(ii) of Regulation Y.

Board of Governors of the Federal Reserve

System, July 29, 1998.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 98–20638 Filed 7–31–98; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL TRADE COMMISSION

[File No. 981–0111]

Nortek, 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

draft compliant 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 October 2, 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:

Andrew Caverly, Federal Trade

Commission, Boston Regional Office,

101 Merrimac Street, Suite 810, Boston,

MA 02114–4719. (617) 424–5960.

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 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 of the

complaint. An electronic copy of the

full text of the consent agreement

package can be obtained from the FTC

Home Page (for July 27, 1998), on the

World Wide Web, at ‘‘http://