Auction of 800 MHz Air-Ground Radiotelephone Service Licenses; Comment Sought on Additional Payment Component of Default Payments for Auction No. 65, 10034-10035 [06-1836]
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Federal Register / Vol. 71, No. 39 / Tuesday, February 28, 2006 / Notices
U.S.C. 605(b), that this Proposed Permit
will not have a significant impact on a
substantial number of small entities.
This certification is based on the fact
that the regulated parties have greater
than 500 employees and are not
classified as small businesses under the
Small Business Administration
regulations established at 49 FR 5023 et
seq. (February 9, 1984). These facilities
are classified as Major Group 13–Oil
and Gas Extraction SIC 1311 Crude
Petroleum and Natural Gas.
Dated: February 17, 2006.
Paula vanHaagen,
Acting Director, Office of Water and
Watersheds.
[FR Doc. E6–2800 Filed 2–27–06; 8:45 am]
FOR FURTHER INFORMATION CONTACT:
Roland E. Smith, Secretary to the Farm
Credit System Insurance Corporation
Board, (703) 883–4009, TTY (703) 883–
4056.
ADDRESSES: Farm Credit System
Insurance Corporation, 1501 Farm
Credit Drive, McLean, Virginia 22102.
SUPPLEMENTARY INFORMATION: Parts of
this meeting of the Board will be open
to the public (limited space available)
and parts will be closed to the public.
In order to increase the accessibility to
Board meetings, persons requiring
assistance should make arrangements in
advance. The matters to be considered
at the meeting are:
Open Session
BILLING CODE 6560–50–P
A. Approval of Minutes
• January 19, 2006 (Open).
EXPORT-IMPORT BANK OF THE
UNITED STATES
B. Business Reports
Sunshine Act Meeting
Notice an of open meeting of the
Board of Directors of the Export-Import
Bank of the United States.
ACTION:
Thursday, March 2,
2006 at 1:30 p.m. The meeting will be
held at Ex-Im Bank in Room 1143, 811
Vermont Avenue, NW., Washington, DC
20571.
OPEN AGENDA ITEM: Small Business
Committee.
PUBLIC PARTICIPATION: The meeting will
be open to public participation.
FOR FURTHER INFORMATION CONTACT:
Office of the Secretary, 811 Vermont
Avenue, NW., Washington, DC 20571
(Tele. No. 202–565–3957).
TIME AND PLACE:
Howard A. Schweitzer,
General Counsel (Acting).
[FR Doc. 06–1925 Filed 2–24–06; 3:58 pm]
Closed Session
A. FCSIC Report on System
Performance.
B. FCSIC Board Audit Committee
with External Auditor.
Dated: February 21, 2006.
Roland E. Smith,
Secretary, Farm Credit System Insurance
Corporation Board.
[FR Doc. E6–2768 Filed 2–27–06; 8:45 am]
BILLING CODE 6710–01–P
Auction of 800 MHz Air-Ground
Radiotelephone Service Licenses;
Comment Sought on Additional
Payment Component of Default
Payments for Auction No. 65
Farm Credit System Insurance
Corporation Board; Regular Meeting
Farm Credit System Insurance
Corporation Board; Regular Meeting.
SUMMARY: Notice is hereby given of the
regular meeting of the Farm Credit
System Insurance Corporation Board
(Board).
AGENCY:
wwhite on PROD1PC65 with NOTICES
• Presentation of 2005 Audit Results.
[Report No. AUC–06–65–C (Auction No. 65);
DA 06–376]
FARM CREDIT SYSTEM INSURANCE
CORPORATION
The meeting of the Board
will be held at the offices of the Farm
Credit Administration in McLean,
Virginia, on March 9, 2006, from 10 a.m.
until such time as the Board concludes
its business.
DATE AND TIME:
17:06 Feb 27, 2006
C. New Business
FEDERAL COMMUNICATIONS
COMMISSION
BILLING CODE 6690–01–M
VerDate Aug<31>2005
• FCSIC Financial Report.
• Report on Insured Obligations.
• Quarterly Report on Annual
Performance Plan.
Jkt 208001
Federal Communications
Commission.
ACTION: Notice.
AGENCY:
SUMMARY: This document seeks
comments on additional payment
component of default payments for the
auction of new nationwide commercial
Air-Ground Radiotelephone Service
licenses in the 800 MHz band (Auction
No. 65), scheduled to commence on
May 10, 2006.
PO 00000
Frm 00035
Fmt 4703
Sfmt 4703
Comments are due on or before
March 7, 2006 and reply comments are
due on or before March 14, 2006.
ADDRESSES: Comments and reply
comments must be sent by electronic
mail to the following address:
auctions65@fcc.gov.
FOR FURTHER INFORMATION CONTACT: For
legal questions: Brian Carter at (202)
418–0660. For general auction
questions: Jeff Crooks at (202) 418–0660.
For service rules questions: Erin
McGrath or Richard Arsenault (legal); or
Jay Jackson or Moslem Sawez
(technical) at (202) 418–0620.
SUPPLEMENTARY INFORMATION: This is a
summary of the Supplemental Auction
No. 65 Comment Public Notice released
on February 21, 2006. The complete text
of the Supplemental Auction No. 65
Comment Public Notice, including
attachments and related Commission
documents is available for public
inspection and copying from 8 a.m. to
4:30 p.m. Monday through Thursday or
from 8 a.m. to 11:30 p.m. on Friday at
the FCC Reference Information Center,
Portals II, 445 12th Street, SW., Room
CY–A257, Washington, DC 20554. The
Supplemental Auction No. 65 Comment
Public Notice and related Commission
documents may also be purchased from
the Commission’s duplicating
contractor, Best Copy and Printing, Inc.
(BCPI), Portals II, 445 12th Street, SW.,
Room CY–B402, Washington, DC,
20554, telephone 202–488–5300,
facsimile 202–488–5563, or you may
contact BCPI at its Web site: https://
www.BCPIWEB.com. When ordering
documents from BCPI please provide
the appropriate FCC document number
for example, DA 06–376. The
Supplemental Auction No. 65 Comment
Public Notice and related documents are
also available on the Internet at the
Commission’s Web site: https://
wireless.fcc.gov/auctions/65/.
1. On January 10, 2006, in the Auction
No. 65 Comment Public Notice, 71 FR
3513, January 23, 2006, the Wireless
Telecommunications Bureau (‘‘Bureau’’)
announced the auction of new
nationwide commercial Air-Ground
Radiotelephone Service licenses in the
800 MHz band and sought comment on
procedures for the auction of these
licenses (Auction No. 65). Auction No.
65 is scheduled to commence on May
10, 2006.
2. After the release of the Auction No.
65 Comment Public Notice, the
Commission released the CSEA/Part 1
Report and Order, 71 FR 6214, February
7, 2006, in which it modified
§ 1.2104(g)(2) of its rules. This
provision, which is part of the
Commission’s general competitive
DATES:
E:\FR\FM\28FEN1.SGM
28FEN1
wwhite on PROD1PC65 with NOTICES
Federal Register / Vol. 71, No. 39 / Tuesday, February 28, 2006 / Notices
bidding rules, governs default payments
that must be paid by winning bidders
that default on a down payment or final
payment obligation or are disqualified
after the close of an auction. Under the
modified rule, the Commission will, as
part of its determination of competitive
bidding procedures in advance of a
particular auction, establish the amount
of the additional payment component of
such default payments for that auction.
Because § 1.2104(g)(2) was modified
after the release of the Auction No. 65
Comment Public Notice, the Bureau did
not seek comment therein on the
appropriate level of this payment for
Auction No. 65, nor did it establish the
amount of this payment in the Auction
No. 65 Procedures Public Notice
released on February 21, 2006.
Therefore, as explained below, the
Commission seeks comment in this
Public Notice on the appropriate level of
this payment for Auction No. 65.
3. Section 1.2104(g)(2) provides that
if, after the close of an auction, a
winning bidder defaults on a down
payment or final payment obligation or
is disqualified (e.g., fails to submit a
timely long-form application), the
bidder is liable for a default payment.
This payment consists of 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 license 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. Until recently this additional
payment for non-combinatorial auctions
has been set at 3 percent of the
defaulter’s bid or of the subsequent
winning bid, whichever is less.
4. Pursuant to the modification of
§ 1.2104(g)(2) adopted in the CSEA/Part
1 Report and Order, the 3 percent limit
on the additional default payment for
non-combinatorial auctions has been
increased to 20 percent. Thus, the
Commission will, for each noncombinatorial auction, establish an
additional default payment from 3
percent up to a maximum of 20 percent.
As the Commission has indicated, the
level of this payment in each case will
be based on the nature of the service
and the inventory of the licenses being
offered.
5. For Auction No. 65, the Bureau
proposes to establish an additional
default payment of 20 percent. In this
auction, licenses in three band plans
will be available, but the only licenses
that will be awarded will be those that
comprise the band plan that receives the
highest aggregate bid. Consequently, a
bid on a single license may determine
VerDate Aug<31>2005
17:06 Feb 27, 2006
Jkt 208001
not only the winner of that license but
also the winning band plan, and thus
affect the ability of other bidders to win
other licenses in the auction. By
contrast, a bid on a license in an auction
using the Commission’s standard
simultaneous multiple round auction
format (‘‘SMR’’) may determine only the
winner of that license. Because of the
particular interdependence among bids
in Auction No. 65 and the potential
effects of one winning bidder’s default
on bidders for other licenses, the
Commission believes that the
detrimental effects of a default may be
significantly greater than in a standard
SMR auction. Accordingly, the
Commission proposes a higher
additional default payment in order to
deter such defaults. The Commission
seeks comment on this proposal.
6. Comments are due on or before
March 7, 2006, and reply comments are
due on or before March 14, 2006. All
filings must be addressed to the
Commission’s Secretary Attn: WTB/
ASAD, Office of the Secretary, Federal
Communications Commission. Parties
who file comments by paper must file
an original and four copies of each
filing. U.S. Postal Service first-class,
Express, and Priority mail should be
addressed to 445 12th Street, SW.,
Washington, DC 20554. Filings can be
sent by hand or messenger delivery, by
commercial overnight courier, or by
first-class or overnight U.S. Postal
Service mail. The Bureau also requires
that all comments and reply comments
be filed electronically to the following
address: auction65@fcc.gov. The
electronic mail containing the
comments or reply comments must
include a subject or caption referring to
‘‘Auction No. 65 Comments’’ and the
name of the commenting party. The
Bureau requests that parties format any
attachments to electronic mail as
Adobe Acrobat (pdf) or Microsoft
Word documents. Copies of comments
and reply comments will be available
for public inspection between 8 a.m.
and 4:30 p.m. eastern time (e.t.) Monday
through Thursday or 8 a.m. to 11:30
a.m. e.t. on Fridays in the FCC
Reference Information Center, Room
CY–A257, 445 12th Street, SW.,
Washington, DC 20554, and will also be
posted on the Web page for Auction No.
65 at https://wireless.fcc.gov/auctions/
65/.
7. This proceeding has been
designated as a ‘‘permit-but-disclose’’
proceeding in accordance with the
Commission’s ex parte rules. Persons
making oral ex parte presentations are
reminded that memoranda summarizing
the presentations must contain
summaries of the substance of the
PO 00000
Frm 00036
Fmt 4703
Sfmt 4703
10035
presentations and not merely a listing of
the subjects discussed. More than a one
or two sentence description of the views
and arguments presented is generally
required. Other rules pertaining to oral
and written ex parte presentations in
permit-but-disclose proceedings are set
forth in § 1.1206(b) of the Commission’s
rules.
Federal Communications Commission.
Gary D. Michaels,
Deputy Chief, Auctions and Spectrum Access
Division, WTB.
[FR Doc. 06–1836 Filed 2–27–06; 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. 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
(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 https://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 March 24,
2006.
A. Federal Reserve Bank of Chicago
(Patrick M. Wilder, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690-1414:
E:\FR\FM\28FEN1.SGM
28FEN1
]]>Agencies
[Federal Register Volume 71, Number 39 (Tuesday, February 28, 2006)]
[Notices]
[Pages 10034-10035]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-1836]
=======================================================================
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FEDERAL COMMUNICATIONS COMMISSION
[Report No. AUC-06-65-C (Auction No. 65); DA 06-376]
Auction of 800 MHz Air-Ground Radiotelephone Service Licenses;
Comment Sought on Additional Payment Component of Default Payments for
Auction No. 65
AGENCY: Federal Communications Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This document seeks comments on additional payment component
of default payments for the auction of new nationwide commercial Air-
Ground Radiotelephone Service licenses in the 800 MHz band (Auction No.
65), scheduled to commence on May 10, 2006.
DATES: Comments are due on or before March 7, 2006 and reply comments
are due on or before March 14, 2006.
ADDRESSES: Comments and reply comments must be sent by electronic mail
to the following address: auctions65@fcc.gov.
FOR FURTHER INFORMATION CONTACT: For legal questions: Brian Carter at
(202) 418-0660. For general auction questions: Jeff Crooks at (202)
418-0660. For service rules questions: Erin McGrath or Richard
Arsenault (legal); or Jay Jackson or Moslem Sawez (technical) at (202)
418-0620.
SUPPLEMENTARY INFORMATION: This is a summary of the Supplemental
Auction No. 65 Comment Public Notice released on February 21, 2006. The
complete text of the Supplemental Auction No. 65 Comment Public Notice,
including attachments and related Commission documents is available for
public inspection and copying from 8 a.m. to 4:30 p.m. Monday through
Thursday or from 8 a.m. to 11:30 p.m. on Friday at the FCC Reference
Information Center, Portals II, 445 12th Street, SW., Room CY-A257,
Washington, DC 20554. The Supplemental Auction No. 65 Comment Public
Notice and related Commission documents may also be purchased from the
Commission's duplicating contractor, Best Copy and Printing, Inc.
(BCPI), Portals II, 445 12th Street, SW., Room CY-B402, Washington, DC,
20554, telephone 202-488-5300, facsimile 202-488-5563, or you may
contact BCPI at its Web site: https://www.BCPIWEB.com. When ordering
documents from BCPI please provide the appropriate FCC document number
for example, DA 06-376. The Supplemental Auction No. 65 Comment Public
Notice and related documents are also available on the Internet at the
Commission's Web site: https://wireless.fcc.gov/auctions/65/.
1. On January 10, 2006, in the Auction No. 65 Comment Public
Notice, 71 FR 3513, January 23, 2006, the Wireless Telecommunications
Bureau (``Bureau'') announced the auction of new nationwide commercial
Air-Ground Radiotelephone Service licenses in the 800 MHz band and
sought comment on procedures for the auction of these licenses (Auction
No. 65). Auction No. 65 is scheduled to commence on May 10, 2006.
2. After the release of the Auction No. 65 Comment Public Notice,
the Commission released the CSEA/Part 1 Report and Order, 71 FR 6214,
February 7, 2006, in which it modified Sec. 1.2104(g)(2) of its rules.
This provision, which is part of the Commission's general competitive
[[Page 10035]]
bidding rules, governs default payments that must be paid by winning
bidders that default on a down payment or final payment obligation or
are disqualified after the close of an auction. Under the modified
rule, the Commission will, as part of its determination of competitive
bidding procedures in advance of a particular auction, establish the
amount of the additional payment component of such default payments for
that auction. Because Sec. 1.2104(g)(2) was modified after the release
of the Auction No. 65 Comment Public Notice, the Bureau did not seek
comment therein on the appropriate level of this payment for Auction
No. 65, nor did it establish the amount of this payment in the Auction
No. 65 Procedures Public Notice released on February 21, 2006.
Therefore, as explained below, the Commission seeks comment in this
Public Notice on the appropriate level of this payment for Auction No.
65.
3. Section 1.2104(g)(2) provides that if, after the close of an
auction, a winning bidder defaults on a down payment or final payment
obligation or is disqualified (e.g., fails to submit a timely long-form
application), the bidder is liable for a default payment. This payment
consists of 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 license 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. Until recently this
additional payment for non-combinatorial auctions has been set at 3
percent of the defaulter's bid or of the subsequent winning bid,
whichever is less.
4. Pursuant to the modification of Sec. 1.2104(g)(2) adopted in
the CSEA/Part 1 Report and Order, the 3 percent limit on the additional
default payment for non-combinatorial auctions has been increased to 20
percent. Thus, the Commission will, for each non-combinatorial auction,
establish an additional default payment from 3 percent up to a maximum
of 20 percent. As the Commission has indicated, the level of this
payment in each case will be based on the nature of the service and the
inventory of the licenses being offered.
5. For Auction No. 65, the Bureau proposes to establish an
additional default payment of 20 percent. In this auction, licenses in
three band plans will be available, but the only licenses that will be
awarded will be those that comprise the band plan that receives the
highest aggregate bid. Consequently, a bid on a single license may
determine not only the winner of that license but also the winning band
plan, and thus affect the ability of other bidders to win other
licenses in the auction. By contrast, a bid on a license in an auction
using the Commission's standard simultaneous multiple round auction
format (``SMR'') may determine only the winner of that license. Because
of the particular interdependence among bids in Auction No. 65 and the
potential effects of one winning bidder's default on bidders for other
licenses, the Commission believes that the detrimental effects of a
default may be significantly greater than in a standard SMR auction.
Accordingly, the Commission proposes a higher additional default
payment in order to deter such defaults. The Commission seeks comment
on this proposal.
6. Comments are due on or before March 7, 2006, and reply comments
are due on or before March 14, 2006. All filings must be addressed to
the Commission's Secretary Attn: WTB/ASAD, Office of the Secretary,
Federal Communications Commission. Parties who file comments by paper
must file an original and four copies of each filing. U.S. Postal
Service first-class, Express, and Priority mail should be addressed to
445 12th Street, SW., Washington, DC 20554. Filings can be sent by hand
or messenger delivery, by commercial overnight courier, or by first-
class or overnight U.S. Postal Service mail. The Bureau also requires
that all comments and reply comments be filed electronically to the
following address: auction65@fcc.gov. The electronic mail containing
the comments or reply comments must include a subject or caption
referring to ``Auction No. 65 Comments'' and the name of the commenting
party. The Bureau requests that parties format any attachments to
electronic mail as Adobe[supreg] Acrobat[supreg] (pdf) or
Microsoft[supreg] Word documents. Copies of comments and reply comments
will be available for public inspection between 8 a.m. and 4:30 p.m.
eastern time (e.t.) Monday through Thursday or 8 a.m. to 11:30 a.m.
e.t. on Fridays in the FCC Reference Information Center, Room CY-A257,
445 12th Street, SW., Washington, DC 20554, and will also be posted on
the Web page for Auction No. 65 at https://wireless.fcc.gov/auctions/
65/.
7. This proceeding has been designated as a ``permit-but-disclose''
proceeding in accordance with the Commission's ex parte rules. Persons
making oral ex parte presentations are reminded that memoranda
summarizing the presentations must contain summaries of the substance
of the presentations and not merely a listing of the subjects
discussed. More than a one or two sentence description of the views and
arguments presented is generally required. Other rules pertaining to
oral and written ex parte presentations in permit-but-disclose
proceedings are set forth in Sec. 1.1206(b) of the Commission's rules.
Federal Communications Commission.
Gary D. Michaels,
Deputy Chief, Auctions and Spectrum Access Division, WTB.
[FR Doc. 06-1836 Filed 2-27-06; 8:45 am]
BILLING CODE 6712-01-P
