Federal Register / Vol. 72, No. 37 / Monday, February 26, 2007 / Notices 8405 

DATES: Comments will be accepted until 

March 28, 2007. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

NCUA Clearance Officer or OMB 

Reviewer listed below: 

Clearance Officer: Mr. Neil 

McNamara, National Credit Union 

Administration, 1775 Duke Street, 

Alexandria, Virginia 22314–3428; Fax 

No. 703–837–2861; Email:_OCIOmail@ncua.gov. 

OMB Reviewer: NCUA Desk Officer, 

Office of Management and Budget, 

Room 10226, New Executive Office 

Building, Washington, DC 20503. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or a 

copy of the information collection 

request should be directed to Tracy 

Sumpter at the National Credit Union 

Administration, 1775 Duke Street, 

Alexandria, VA 22314–3428 or at (703) 

518–6444. 

SUPPLEMENTARY INFORMATION: Proposal 

for the following collection of 

information: 

OMB Number: 3133–0167. 

Form Number: N/A. 

Type of Review: Revision to a 

currently approved collection. 

Title: 12 CFR Part 741.11 of NCUA’s 

Rules and Regulations, Foreign 

Branching. 

Description: Part 741.11 contains a 

provision that any insured credit union 

must apply for and receive approval 

from the regional director before 

establishing a credit union branch 

outside the United States unless the 

foreign branch is located on a United 

States military institution or embassy 

outside the United States. The 

application must include (1) a business 

plan, (2) written approval by the state 

supervisory agency if the applicant is a 

state-chartered credit union, and (3) 

documentation evidencing written 

permission from the host country to 

establish the branch that explicitly 

recognizes NCUA’s authority to examine 

and take any enforcement actions, to 

include conservatorship and liquidation 

actions. 

Estimated No. of Respondents/ 

Recordkeepers: 2. 

Estimated Burden Hours Per 

Response: 16 hours. 

Frequency of Response: Reporting and 

other (one time only). 

Estimated Total Annual Burden 

Hours: 32. 

Estimated Total Annual Cost: $0. 

By the National Credit Union 

Administration Board on February 20, 2007. 

Mary Rupp, 

Secretary of the Board. 

[FR Doc. E7–3154 Filed 2–23–07; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Notice of Meeting 

TIME AND DATE: 10 a.m., Friday, February 

23, 2007. 

PLACE: Board Room, 7th Floor, Room 

7047, 1775 Duke Street, Alexandria, VA 

22314–3428. 

STATUS: Closed. 

MATTER TO BE CONSIDERED: 1. Personnel 

Matter. Closed pursuant to Exemptions 

(2) and (6). 

FOR FURTHER INFORMATION CONTACT: 

Mary Rupp, Secretary of the Board, 

Telephone: 703–518–6304. 

Mary Rupp, 

Secretary of the Board. 

[FR Doc. 07–890 Filed 2–22–07; 3:24 pm] 

BILLING CODE 7535–01–M 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. IA–2590/803–190] 

Gates Capital Partners, LLC/Bear 

Creek Inc.; Notice of Application 

February 16, 2007. 

AGENCY: Securities and Exchange 

Commission (SEC). 

ACTION: Notice of Application for 

Exemption under the Investment 

Advisers Act of 1940 (‘‘Advisers Act’’). 

Applicants: Gates Capital Partners, 

LLC (‘‘GCP’’) and Bear Creek Inc. (‘‘Bear 

Creek’’). 

Relevant Advisers Act Sections: 

Exemption requested under section 

202(a)(11)(F) from section 202(a)(11). 

Summary of Application: GCP and 

Bear Creek (collectively, the 

‘‘Applicants’’) request that the SEC issue 

an order declaring them and their 

employees acting within the scope of 

their employment to be persons not 

within the intent of section 202(a)(11), 

which defines the term ‘‘investment 

adviser. ‘‘

Filing Dates: The application was 

filed on December 21, 2005, and was 

amended and restated on May 23, 2006, 

and on January 25, 2007. 

Hearing or Notification of Hearing: An 

order granting the application will be 

issued unless the SEC orders a hearing. 

Interested persons may request a 

hearing by writing to the SEC’s 

Secretary and serving Applicants with a 

copy of the request, personally or by 

mail. Hearing requests should be 

received by the SEC by 5:30 p.m. on 

March 13, 2007 and should be 

accompanied by proof of service on 

Applicants, in the form of an affidavit 

or, for lawyers, a certificate of service. 

Hearing requests should state the nature 

of the writer’s interest, the reason for the 

request, and the issues contested. 

Persons may request notification of a 

hearing by writing to the SEC’s 

Secretary. 

ADDRESSES: Secretary, Securities and 

Exchange Commission, 100 F Street, 

NE., Washington, DC 20549–1090. 

Applicant, Gates Capital Partners, LLC, 

3575 Cherry Creek North Drive, Denver, 

Colorado 80209. Applicant, Bear Creek 

Inc., P.O. Box 4742, Jackson, Wyoming 

83001. 

FOR FURTHER INFORMATION CONTACT: 

Vivien Liu, Senior Counsel, or David 

Blass, Assistant Director, at (202) 551–

6787 (Division of Investment 

Management, Office of Investment 

Adviser Regulation). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained for a fee at the SEC’s 

Public Reference Branch. 

Applicants’ Representations 

1. GCP was formed in September 2005 

to provide investment advice to the 

Gates family by advising and managing 

Evergreen 37, LLC (‘‘Evergreen’’), a 

Wyoming limited liability company 

recently formed by the Family to 

facilitate the Family’s investments, and 

by advising individual Family members 

and trusts. 

For purposes of this application, 

‘‘Family’’ means: 

• The lineal descendants of Charles 

C. Gates and Hazel R. Gates and the 

spouses of such descendants; 

• Trusts established by and for the 

sole benefit of individual Family 

members; 

• Charitable trusts established by 

Charles C. Gates and Hazel R. Gates or 

individual Family members; 

• Companies wholly owned by such 

trusts or individual Family members; 

and 

• Future Family Investment Pools 

(investment pools that are exempt from 

the definition of ‘‘investment company’’

under section 3(c)(1) and section 3(c)(7) 

of the Investment Company Act of 1940 

(‘‘Investment Company Act’’) and that 

are wholly owned by the Family but for 

the limited non-voting interest owned 


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