Federal Register / Vol. 61, No. 83 / Monday, April 29, 1996 / Notices 18731

1Section 553(b)(A) allows an agency to interpret

its rules without notice and comment.

FEDERAL COMMUNICATIONS

COMMISSION

[DA 96–556]

Citizens Utilities Company Permanent

Cost Allocation Manual for the

Separation of Regulated and

Nonregulated Costs

AGENCY: Federal Communications

Commission.

ACTION: Notice.

SUMMARY: This Memorandum Opinion

and Order (‘‘MO&O’’) addresses the

accounting treatment for nonregulated

uncollectible revenue and the treatment

of affiliate transactions involving

nonregulated activities. The MO&O

states that the Commission’s rules

preclude the netting of uncollectibles

related to nonregulated activities in

Account 5280, Nonregulated operating

revenue. The MO&O requires carriers to

include all nonregulated uncollectible

revenue in Accounts 5301,

Uncollectible revenuetelecommunications, and 5302,

Uncollectible revenue-other. The MO&O

allows subject carriers six months from

the publication of this notice to comply

with its accounting directive.

DATES: Compliance must be on or before

October 28, 1996.

FOR FURTHER INFORMATION CONTACT:

Alicia Dunnigan, Common Carrier

Bureau, Accounting and Audits

Division, (202) 418–0807.

SUPPLEMENTARY INFORMATION: This is the

synopsis of the MO&O in AAD 94–6,

adopted April 8, 1996, and released

April 22, 1996.

The complete text of the MO&O is

available for inspection and copying in

the Accounting and Audits Division

public reference room, 2000 L Street

N.W., Suite 812, Washington, D.C.

Copies are also available from

International Transcription Service,

Inc., at 2100 M Street NW., Suite 140,

Washington, D.C. 20037, or call (202)

857–3800.

The MO&O addresses issues raised by

the parties in their petitions for

reconsideration of a December 27, 1994,

order approving the cost allocation

manual of Citizens Utilities Company.

The parties requested reconsideration

of the requirement that uncollectible

revenue associated with nonregulated

activities be recorded in the

uncollectible revenue accounts instead

of the nonregulated revenue account.

The MO&O, states that Sections 32.5301

and 32.5302 of the Commission’s rules

precludes carriers from netting

nonregulated uncollectibles in Account

5280. The MO&O requires carriers that

have previously been netting

uncollectible nonregulated revenue in

Account 5280 to comply with the

Commission’s rules within six months.

The parties requested reconsideration

of the statement that the terms of

affiliate transactions in which the

telephone company provides

nonregulated services to its affiliated

companies must comply with the

Commission’s affiliate transactions

rules. The MO&O states that when a

nonregulated activity is accounted for

within the system prescribed in Part 32

of the Commission’s rules, pursuant to

Section 32.23(c), the transactions

between the carrier performing that

nonregulated activity and a

nonregulated affiliate are subject to the

affiliate transactions rules of Section

32.27.

Accordingly, it is ordered, pursuant to

Sections 1, 4(i), 4(j), and 220 of the

Communications Act of 1934, as

amended, 47 U.S.C. 151, 154(i), 154(j),

and 220, and Section 553(b)(A) of the

Administrative Procedures Act, 5 U.S.C.

§ 553(b)(A),1 and Sections 0.91, 0.291,

and 1.106 of the Commission’s rules, 47

CFR §§ 0.91, 0.291, and 1.106, that the

Petitions for Reconsideration filed by

Southwestern Bell Telephone Company,

BellSouth Telecommunications, Inc.,

and the United States Telephone

Association are granted to the extent

indicated in this Order and are

otherwise denied.

Federal Communications Commission.

Regina M. Keeney,

Chief, Common Carrier Bureau.

[FR Doc. 96–10497 Filed 4–26–96; 8:45 am]

BILLING CODE 6712–01–P

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. Once the application has

been accepted for processing, it will also

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,

including whether the acquisition of the

nonbanking company can ‘‘reasonably

be expected to produce benefits to the

public, such as greater convenience,

increased competition, or gains in

efficiency, that outweigh possible

adverse effects, such as undue

concentration of resources, decreased or

unfair competition, conflicts of

interests, or unsound banking practices’’

(12 U.S.C. 1843). Any request for

a hearing must be accompanied by a

statement of the reasons a written

presentation would not suffice in lieu of

a hearing, identifying specifically any

questions of fact that are in dispute,

summarizing the evidence that would

be presented at a hearing, and indicating

how the party commenting would be

aggrieved by approval of the proposal.

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 May 23, 1996.

A. Federal Reserve Bank of

Richmond (Lloyd W. Bostian, Jr., Senior

Vice President) 701 East Byrd Street,

Richmond, Virginia 23261:

1. Community Bankshares

Incorporated, Petersburg, Virginia; to

acquire 100 percent of the voting shares

of Commerce Bank of Virginia,

Richmond, Virginia.

B. Federal Reserve Bank of Chicago

(James A. Bluemle, Vice President) 230

South LaSalle Street, Chicago, Illinois

60690:

1. Goodenow Bancorporation,

Okoboji, Iowa; to merge with Jackson

Bancorporation, Inc., Fairmont,

Minnesota, and thereby indirectly

acquire Bank Midwest Minnesota, Iowa,

N.A., Fairmont, Iowa.

2. Stichting Prioriteit ABN AMRO

Holding, Amsterdam, The Netherlands;

Stichting Administratiekantoor ABN

AMRO Holding, Amsterdam, The

Netherlands; ABN AMRO Holding N.V.,

Amsterdam, The Netherlands; ABN

AMRO Bank N.V., Amsterdam, The

Netherlands; and ABN AMRO North

America, Inc., Chicago, Illinois; to
18732 Federal Register / Vol. 61, No. 83 / Monday, April 29, 1996 / Notices

acquire 100 percent of the voting shares

of Comerica Bank - Illinois, Franklin

Park, Illinois.

C. Federal Reserve Bank of Kansas

City (John E. Yorke, Senior Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198:

1. First National of Nebraska, Inc.,

Omaha, Nebraska, and First National of

Colorado, Inc., Omaha, Nebraska; to

acquire Bolder Bancorporation, Boulder,

Colorado, and thereby indirectly acquire

The Bank of Boulder, Boulder,

Colorado. First National of Colorado

also has applied to merge with Bolder

Bancorporation.

D. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. Texas Financial Bancorporation,

Inc., Minneapolis, Minnesota; to acquire

83.54 percent of the voting shares of

Community Bank of Arizona,

Wickenburg, Arizona.

2. Texas Financial Bancorporation,

Inc, Minneapolis, Minnesota; First

Bancorp, Inc., Denton, Texas; and First

Delaware Bancorp, Inc., Dover,

Delaware; have applied to acquire 100

percent of the voting shares of Riverside

National Bank, Grand Prairie, Texas.

E. Federal Reserve Bank of San

Francisco (Kenneth R. Binning,

Director, Bank Holding Company) 101

Market Street, San Francisco, California

94105:

1. Columbia Bancorp, The Dalles,

Oregon; to acquire up to 100 percent of

the voting shares of Klickitat Valley

Bank, Goldendale, Washington.

Applicant also has an option to acquire

up to 9.9 percent of Klickitat Valley

Bank.

2. First Hawaiian, Inc., Honolulu,

Hawaii; to acquire 100 percent of the

voting shares of ANB Financial

Corporation, Kennewick, Washington;

and thereby indirectly acquire American

National Bank, Kennewick, Washington.

Board of Governors of the Federal Reserve

System, April 23, 1996.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 96–10435 Filed 4–26–96; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL TRADE COMMISSION

[File No. 961–0026]

Lockheed Martin Corporation;

Proposed Consent Agreement With

Analysis To Aid Public Comment

AGENCY: Federal Trade Commission.

ACTION: Proposed consent agreement.

SUMMARY: In settlement of alleged

violations of federal law prohibiting

unfair or deceptive acts or practices and

unfair methods of competition, this

consent agreement, accepted subject to

final Commission approval, would

require Lockheed Martin, a Bethesda,

Maryland-based defense and space

contractor, to divest its systems

engineering and technical services

contract with the Federal Aviation

Administration; would prohibit

Lockheed Martin from providing certain

technical services or information to the

space business subsidiary of Loral Space

& Communications Ltd.; would restrict

participation and compensation of

persons who serve as directors or

officers of both Lockheed Martin and

Loral Space; would limit Lockheed

Martin’s ownership of Loral Space; and

would require ‘‘firewalls’’ to limit

information flow about competitors

tactical fighter aircraft and unmanned

aerial vehicles. The Consent Agreement

settles allegations that Lockheed

Martin’s proposed $9.1 billion

acquisition of Loral Corporation would

violate the antitrust laws.

DATES: Comments must be received on

or before June 28, 1996.

ADDRESSES: Comments should be

directed to: FTC/Office of the Secretary,

Room 159, 6th St. and Pennsylvania

Ave., N.W., Washington, D.C. 20580.

FOR FURTHER INFORMATION CONTACT:

William J. Baer, Federal Trade

Commission, H–374, 6th and

Pennsylvania Ave, NW, Washington, DC

20580. (202) 326–2932. Steven K.

Bernstein, Federal Trade Commission,

S–2308, 6th and Pennsylvania Ave, NW,

Washington, DC 20580. (202) 326–2423.

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 following

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. Public comment is

invited. Such comments or views will

be considered by the Commission and

will be available for inspection and

copying at its principal office in

accordance with Section 4.9(b)(6)(ii) of

the Commission’s Rules of Practice (16

CFR 4.9(b)(6)(ii)).

In the Matter of: Lockheed Martin

Corporation, a corporation. File No. 961–

0026.

Agreement Containing Consent Order

The Federal Trade Commission

(‘‘Commission’’), having initiated an

investigation of the proposed

acquisition by Lockheed Martin

Corporation (‘‘Lockheed Martin’’) of

Loral Corporation (‘‘Loral’’), and it now

appearing that Lockheed Martin,

hereinafter sometimes referred to as

‘‘Proposed Respondent,’’ is willing to

enter into an agreement containing an

order to divest assets, to refrain from

certain acts and to provide for certain

other relief:

It is hereby agreed by and between

Proposed Respondent Lockheed Martin,

by its duly authorized officers and

attorneys, and counsel for the

Commission that:

1. Proposed Respondent Lockheed

Martin is a corporation organized,

existing and doing business under and

by virtue of the laws of the state of

Maryland with its office and principal

place of business located at 6801

Rockledge Drive, Bethesda, Maryland

20817.

2. Proposed Respondent admits all the

jurisdictional facts set forth in the draft

of complaint here attached.

3. Proposed Respondent waives:

a. any further procedural steps;

b. the requirement that the

Commission’s decision contain a

statement of findings of fact and

conclusions of law;

c. all rights to seek judicial review or

otherwise to challenge or contest the

validity of the order entered pursuant to

this agreement; and

d. any claim under the Equal Access

to Justice Act.

4. Proposed Respondent shall submit

within thirty (30) days of the date this

agreement is signed by Proposed

Respondent, an initial report, pursuant

to Section 2.33 of the Commission’s

Rules, signed by Proposed Respondent

setting forth in detail the manner in

which the Proposed Respondent will

comply with Paragraphs II. through XVI.

of the order when and if entered. Such

report will not become part of the public

record unless and until the

accompanying agreement and order are

accepted by the Commission for public

comment.

5. This agreement shall not become

part of the public record of the

proceeding unless and until it is

accepted by the Commission. If this

agreement is accepted by the

Commission it, together with the draft of

complaint contemplated thereby, will be

placed on the public record for a period

of sixty (60) days and information in

respect thereto publicly released. The

Commission thereafter may either