25744 Federal Register / Vol. 74, No. 102 / Friday, May 29, 2009 / Notices 

69. Bidders in Auction 79 are 

prohibited from withdrawing any bid 

after the close of a round in which the 

bid was placed. Bidders are cautioned to 

select bid amounts carefully because no 

bid withdrawals will be allowed in 

Auction 79, even if a bid was 

mistakenly or erroneously made. 

vii. Round Results 

70. Reports reflecting bidders’ 

identities for Auction 79 will be 

available before and during the auction. 

Thus, bidders will know in advance of 

this auction the identities of the bidders 

against which they are bidding. 

71. Bids placed during a round will 

not be made public until the conclusion 

of that round. After a round closes, the 

Bureaus will compile reports of all bids 

placed, current provisionally winning 

bids, new minimum acceptable bid 

amounts for the following round, 

whether the construction permit is FCC 

held, and bidder eligibility status 

(bidding eligibility and activity rule 

waivers), and post the reports for public 

access. 

viii. Auction Announcements 

72. The Commission will use auction 

announcements to announce items such 

as schedule changes and stage 

transitions. All auction announcements 

will be available by clicking a link in 

the FCC Auction System. 

V. Post-Auction Procedures 

73. Shortly after bidding has ended, 

the Commission will issue a public 

notice declaring the auction closed, 

identifying the winning bidders, and 

establishing the deadlines for 

submitting down payments, final 

payments, and the long-form 

applications (FCC Form 301). 

A. Down Payments 

74. Within ten business days after 

release of the auction closing notice, 

each winning bidder must submit 

sufficient funds (in addition to its 

upfront payment) to bring its total 

amount of money on deposit with the 

Commission for Auction 79 to 20 

percent of the net amount of its winning 

bids (gross bids less any applicable new 

entrant bidding credits). 

B. Final Payments 

75. Each winning bidder will be 

required to submit the balance of the net 

amount of its winning bids within ten 

business days after the applicable 

deadline for submitting down payments. 

C. Long-Form Application (FCC Form 

301) 

76. Within thirty days after release of 

the auction closing notice, winning 

bidders must electronically submit a 

properly completed long-form 

application (FCC Form 301, Application 

for FM Construction Permit) and 

required exhibits, for each construction 

permit they won through Auction 79. 

Winning bidders claiming new entrant 

status must include an exhibit 

demonstrating their eligibility for the 

bidding credit. Further instructions on 

these and other filing requirements will 

be provided to winning bidders in the 

auction closing public notice. 

D. Default and Disqualification 

77. Any winning bidder that defaults 

or is disqualified after the close of the 

auction (i.e., fails to remit the required 

down payment within the prescribed 

period of time, fails to submit a timely 

long-form application, fails to make full 

payment, or is otherwise disqualified) 

will be subject to the payments 

described in 47 CFR 1.2104(g)(2). The 

payments include both a deficiency 

payment, equal to the difference 

between the amount of the bidder’s bid 

and the amount of the winning bid the 

next time a construction permit 

covering the same spectrum is won in 

an auction, plus an additional payment 

equal to a percentage of the defaulter’s 

bid or of the subsequent winning bid, 

whichever is less. The Bureaus have set 

the additional default payment for this 

auction at twenty percent of the 

applicable bid. 

78. Finally, in the event of a default, 

the Commission may re-auction the 

construction permit or offer it to the 

next highest bidder (in descending 

order) at its final bid amount. In 

addition, if a default or disqualification 

involves gross misconduct, 

misrepresentation, or bad faith by an 

applicant, the Commission may declare 

the applicant and its principals 

ineligible to bid in future auctions, and 

may take any other action that it deems 

necessary, including institution of 

proceedings to revoke any existing 

authorizations held by the applicant. 

E. Refund of Remaining Upfront 

Payment Balance 

79. Applicants that are not winning 

bidders or are winning bidders whose 

upfront payment exceeded the total net 

amount of their winning bids may be 

entitled to a refund of some or all of 

their upfront payment. All refunds will 

be returned to the payor of record, as 

identified on the FCC Form 159, unless 

the payor submits written authorization 

instructing otherwise. Bidders that drop 

out of the auction completely (have 

exhausted all of their activity rule 

waivers and have no remaining bidding 

eligibility) may request a refund of their 

upfront payments before the close of the 

auction. 

Federal Communications Commission. 

Gary D. Michaels, 

Deputy Chief, Auctions and Spectrum Access 

Division, WTB. 

[FR Doc. E9–12523 Filed 5–28–09; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL HOUSING FINANCE 

AGENCY 

[No. 2009–N–06] 

Proposed Collection; Comment 

Request 

AGENCY: Federal Housing Finance 

Agency. 

ACTION: 60-day Notice of Submission of 

Information Collection for Approval 

from the Office of Management and 

Budget. 

SUMMARY: In accordance with the 

requirements of the Paperwork 

Reduction Act of 1995, the Federal 

Housing Finance Agency (FHFA) is 

seeking public comments concerning a 

currently approved information 

collection known as ‘‘Community 

Support Requirements,’’ which has been 

assigned control number 2590–0005 by 

the Office of Management and Budget 

(OMB). The FHFA intends to submit the 

information collection to OMB for 

review and approval of a three-year 

extension of the control number, which 

is due to expire on September 30, 2009. 

DATES: Interested persons may submit 

comments on or before July 28, 2009. 

Comments: Submit comments to the 

FHFA using any one of the following 

methods: E-mail: 

regcomments@fhfa.gov. Please include 

Proposed Collection; Comment Request: 

Community Support Requirements (No. 

2009–N–06) in the subject line of the 

message. 

Mail/Hand Delivery: Federal Housing 

Finance Agency, Fourth Floor, 1700 G 

Street NW., Washington, DC 20552, 

Attention: Public Comments/Proposed 

Collection; Comment Request: 

‘‘Community Support Requirements,’’ 

(No. 2009–N–06). Federal eRulemaking 

Portal: http://www.regulations.gov. 

Follow the instructions for submitting 

comments. 

We will post all public comments we 

receive without change, including any 

personal information you provide, such 

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Federal Register / Vol. 74, No. 102 / Friday, May 29, 2009 / Notices 25745 

as your name and address, on the FHFA 

Web site at http://www.fhfa.gov. 

FOR FURTHER INFORMATION CONTACT: 

Reggie Ellison, Senior Program Analyst, 

202–408–2968 (not a toll-free number), 

Reggie.Ellison@fhfa.gov. The telephone 

number for the Telecommunications 

Device for the Deaf is 800–877–8339. 

SUPPLEMENTARY INFORMATION: 

A. Need For and Use of the Information 

Collection 

Section 10(g)(1) of the Federal Home 

Loan Bank Act (Bank Act) requires the 

FHFA to promulgate regulations 

establishing standards of community 

investment or service that Federal Home 

Loan Bank (Bank) members must meet 

in order to maintain access to long-term 

advances. See 12 U.S.C. 1430(g)(1). In 

establishing these community support 

requirements for Bank members, the 

FHFA must take into account factors 

such as the Bank member’s performance 

under the Community Reinvestment Act 

of 1977 (CRA), 12 U.S.C. 2901, et seq., 

and record of lending to first-time 

homebuyers. 12 U.S.C. 1430(g)(2). 12 

CFR part 944 implements section 10(g) 

of the Bank Act. See 12 CFR part 944. 

The rule provides uniform community 

support standards all Bank members 

must meet and review criteria FHFA 

staff must apply to determine 

compliance with section 10(g). More 

specifically, section 944.2 of the rule (12 

CFR 944.2) implements the statutory 

community support requirement and 

requires each member selected for 

review to submit a completed 

Community Support Statement Form to 

the FHFA. A copy of the Community 

Support Statement Form is attached to 

this Notice. Section 944.3 (12 CFR 

944.3) establishes community support 

standards for the two statutory factors— 

CRA and first-time homebuyer 

performance—and provides guidance to 

a respondent on how it may satisfy the 

standards. Sections 944.4 and 944.5 (12 

CFR 944.4–5) establish the procedures 

and criteria the FHFA uses in 

determining whether Bank members 

satisfy the statutory and regulatory 

community support requirements. 

The information collection contained 

in the Community Support Statement 

Form and sections 944.2 through 944.5 

of the rule are necessary to enable and 

are used by the FHFA to determine 

whether Bank members satisfy the 

statutory and regulatory community 

support requirements. Only Bank 

members that meet these requirements 

may maintain continued access to longterm Bank advances. See 12 U.S.C. 

1430(g). 

The OMB number for the information 

collection is 2590–0005. The OMB 

clearance for the information collection 

expires on September 30, 2009. The 

likely respondents are institutions that 

are Bank members. 

B. Burden Estimate 

The FHFA estimates the total annual 

average number of respondents at 4100 

Bank members, with 1 response per 

member. The estimate for the average 

hours per response is one hour. The 

estimate for the total annual hour 

burden is 4100 hours (4100 members × 

1 response per member × 1 hour). 

C. Comment Request 

The FHFA requests written comments 

on the following: (1) Whether the 

collection of information is necessary 

for the proper performance of FHFA 

functions, including whether the 

information has practical utility; (2) the 

accuracy of the FHFA estimates of the 

burdens of the collection of information; 

(3) ways to enhance the quality, utility 

and clarity of the information collected; 

and (4) ways to minimize the burden of 

the collection of information, including 

through the use of automated collection 

techniques or other forms of information 

technology. 

Dated: May 21, 2009. 

James B. Lockhart III, 

Director, Federal Housing Finance Agency. 

BILLING CODE P 

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25748 Federal Register / Vol. 74, No. 102 / Friday, May 29, 2009 / Notices 

1Copies of the Minutes of the Federal Open 

Market Committee at its meeting held on April 28 

and 29, 2009, which includes the domestic policy 

directive issued at the meeting, are available upon 

request to the Board of Governors of the Federal 

Reserve System, Washington, D.C. 20551. The 

minutes are published in the Federal Reserve 

Bulletin and in the Board’s annual report. 

[FR Doc. E9–12400 Filed 5–28–09; 8:45 am] 

BILLING CODE C 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisition of Shares of Bank 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. The notices 

also will be available for inspection at 

the office 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 June 15, 

2009. 

A. Federal Reserve Bank of Chicago 

(Colette A. Fried, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414: 

1. Charles A. Adams, individually, 

Holly A. Bailey; Howell Paving, Inc.; 

and Howell–Adams Foundation, all of 

Mattoon, Illinois; as a group acting in 

concert, to acquire voting shares of First 

Mid Illinois Bancshares, Inc., and 

thereby indirectly acquire voting shares 

of First Mid Illinois Bank & Trust, 

National Association, both of Mattoon, 

Illinois. 

Board of Governors of the Federal Reserve 

System, May 26, 2009. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E9–12544 Filed 5–28–09; 8:45 am] 

BILLING CODE 6210–01–S 

FEDERAL RESERVE SYSTEM 

Federal Open Market Committee; 

Domestic Policy Directive of April 28 

and 29, 2009 

In accordance with § 271.25 of its 

rules regarding availability of 

information (12 CFR part 271), there is 

set forth below the domestic policy 

directive issued by the Federal Open 

Market Committee at its meeting held 

on April 28 and 29, 2009.1

The Federal Open Market Committee 

seeks monetary and financial conditions 

that will foster price stability and 

promote sustainable growth in output. 

To further its long–run objectives, the 

Committee seeks conditions in reserve 

markets consistent with federal funds 

trading in a range of 0 to 1⁄4 percent. The 

Committee directs the Desk to purchase 

GSE debt GSE–guaranteed MBS, and 

longer–term Treasury securities during 

the intermeeting period with the aim of 

providing support to private credit 

markets and economic activity. The 

timing and pace of these purchases 

should depend on conditions in the 

markets for such securities and on a 

broader assessment of private credit 

market conditions. The Committee 

anticipates that the combination of 

outright purchases and various liquidity 

facilities outstanding will cause the size 

of the Federal Reserve’s balance sheet to 

expand significantly in coming months. 

The Desk is expected to purchase up to 

$200 billion in housing–related GSE 

debt by the end of this year. The Desk 

is expected to purchase at least $500 

billion in GSE–guaranteed MBS by the 

end of the second quarter of this year 

and is expected to purchase up to $1.25 

trillion of these securities by the end of 

this year. The Committee also directs 

the Desk to purchase longer–term 

Treasury securities during the 

intermeeting period. Over the next six 

months, the Desk is expected to 

purchase up to $300 billion of longer– 

term Treasury securities. The System 

Open Market Account Manager and the 

Secretary will keep the Committee 

informed of ongoing developments 

regarding the System’s balance sheet 

that could affect the attainment over 

time of the Committee’s objectives of 

maximum employment and price 

stability. 

By order of the Federal Open Market 

Committee, May 21, 2009. 

Brian F. Madigan, 

Secretary, Federal Open Market Committee. 

[FR Doc. E9–12478 Filed 5–28–09; 8:45 am] 

BILLING CODE 6210–01–S 

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 applications 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 

(12 U.S.C. 1843). Unless otherwise 

noted, nonbanking activities will be 

conducted throughout the United States. 

Additional information on all bank 

holding companies may be obtained 

from the National Information Center 

website at www.ffiec.gov/nic/. 

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 June 25, 2009. 

A. Federal Reserve Bank of Kansas 

City (Todd Offenbacker, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. International Brotherhood of 

Boilermakers, Iron Ship Builders, 

Blacksmiths, Forgers and Helpers, 

Kansas City, Kansas; to acquire up to 51 

percent of the voting shares of 

Brotherhood Bancshares, Inc., and 

thereby indirectly acquire voting shares 

of The Brotherhood Bank & Trust 

Company, both in Kansas City, Kansas. 

B. Federal Reserve Bank of San 

Francisco (Kenneth Binning, Vice 

President, Applications and 

Enforcement) 101 Market Street, San 

Francisco, California 94105–1579: 

1. Franklin Resources, Inc., San 

Mateo, California; to acquire 9.90 

percent of the voting shares of Black 

River BancVenture, Inc., Memphis, 

Tennessee, and thereby indirectly 

acquire voting shares of Allegiance Bank 

of North America, Bala Cynwyd, 

Pennsylvania; Bay Commercial Bank, 

Walnut Creek, California; Community 

Shores Bank, Muskegon, Michigan; 

Cornerstone Bank, Moorestown, New 

Jersey; Lakeside Community Bank, 

Sterling Heights, Michigan; and Quaint 

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