Sunshine Act Meeting; Open Commission Meeting, Thursday, August 3, 2006, 43481-43482 [06-6641]
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Federal Register / Vol. 71, No. 147 / Tuesday, August 1, 2006 / Notices
collection of information on the
respondents, including the use of
automated collection techniques or
other forms of information technology.
DATES: Written Paperwork Reduction
Act (PRA) comments should be
submitted on or before October 2, 2006.
If you anticipate that you will be
submitting comments, but find it
difficult to do so within the period of
time allowed by this notice, you should
advise the contact listed below as soon
as possible.
ADDRESSES: Direct all Paperwork
Reduction Act (PRA) comments to
Cathy Williams, Federal
Communications Commission, Room 1–
C823, 445 12th Street, SW., Washington,
DC 20554 or via the Internet to
Cathy.Williams@fcc.gov.
For
additional information or copies of the
information collection(s), contact Cathy
Williams at (202) 418–2918 or via the
Internet at Cathy.Williams@fcc.gov.
SUPPLEMENTARY INFORMATION:
OMB Control Number: 3060–0716.
Title: Sections 73.88, 73.318 and
73.685, Blanketing Interference.
Form Number: Not applicable.
Type of Review: Extension of a
currently approved collection.
Respondents: Business or other forprofit entities; Not-for-profit
institutions.
Number of Respondents: 21,000.
Estimated Time Per Response: 1–2
hours.
Frequency of Response: Third party
disclosure requirement.
FOR FURTHER INFORMATION CONTACT:
Total Annual Burden: 41,000 hours.
Total Annual Cost: None.
Privacy Impact Assessment: No
impact(s).
Needs and Uses: 47 CFR 73.88(AM)
states that the licensee of each broadcast
station is required to satisfy all
reasonable complaints of blanketing
interference within the 1 V/m contour.
47 CFR Section 73.318(b)(FM) states
that after January 1, 1985, permittees or
licensees who either (1) commence
program tests, (2) replace the antennas,
or (3) request facilities modifications
and are issued a new construction
permit must satisfy all complaints of
blanketing interference which are
received by the station during a one year
period.
47 CFR 73.318(c)(FM) states that a
permittee collocating with one or more
existing stations and beginning program
tests on or after January 1, 1985, must
assume full financial responsibility for
remedying new complaints of
blanketing interference for a period of
one year.
Under 47 CFR 73.88(AM),
73.318(FM), and 73.685(d)(TV), the
license is financially responsible for
resolving complaints of interference
within one year of program test
authority when certain conditions are
met. After the first year, a license is only
required to provide technical assistance
to determine the cause of interference.
The FCC has an outstanding Notice of
Proposed Rulemaking (NPRM) in MM
Docket No. 96–62, In the Matter of
Amendment of part 73 of the
Commission’s Rules to More Effectively
43481
Resolve Broadcast Blanketing
Interference, Including Interference to
Consumer Electronics and Other
Communications Devices. The NPRM
has proposed to provide detailed
clarification of the AM, FM, and TV
licensee’s responsibilities in resolving/
eliminating blanketing interference
caused by their individual stations. The
NPRM has also proposed to consolidate
all blanketing interference rules under a
new section 47 CFR 73.1630,
‘‘Blanketing Interference.’’ This new
rule has been designed to facilitate the
resolution of broadcast interference
problems and set forth all
responsibilities of the licensee/
permittee of a broadcast station. To date,
final rules have not been adopted.
Federal Communications Commission.
Marlene H. Dortch,
Secretary.
[FR Doc. E6–12326 Filed 7–31–06; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL COMMUNICATIONS
COMMISSION
Sunshine Act Meeting; Open
Commission Meeting, Thursday,
August 3, 2006
The Federal Communications
Commission will hold an Open Meeting
on the subjects listed below on
Thursday, August 3, 2006, which is
scheduled to commence at 9:30 a.m. in
Room TW–C305, at 445 12th Street,
SW., Washington, DC.
Item
No.
Bureau
Subject
1
Wireline Competition ......................................
Title: United Power Line Council’s Petition for Declaratory Ruling Regarding the Classification of Broadband over Power Line Internet Access Service as an Information Service
(WC Docket No. 06–10).
Summary: The Commission will consider a Memorandum Opinion and Order concerning
the classification of broadband over power line Internet access service.
Title: Amendment of part 15 regarding new requirements and measurement guidelines for
Access Broadband over Power Line Systems (ET Docket No. 04–104).
Summary: The Commission will consider a Memorandum Opinion and Order in response
to petitions for reconsideration of the rules applicable to Broadband over Power Line
systems.
Title: Service Rules for the 698–746, 747–762 and 777–792 MHz Bands.
Summary: The Commission will consider a Notice of Proposed Rulemaking regarding possible changes to the rules governing wireless licenses in the 698–746, 747–762, and
777–792 MHz Bands.
Office of Engineering and Technology ..........
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Wireline Telecommunications ........................
Open captioning will be provided for
this event. Other reasonable
accommodations for people with
disabilities are available upon request.
Include a description of the
accommodation you will need including
as much detail as you can. Also include
a way we can contact you if we need
more information. Make your request as
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20:04 Jul 31, 2006
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early as possible; please allow at least 5
days advance notice. Last minute
requests will be accepted, but may be
impossible to fill. Send an e-mail to:
fcc504@fcc.gov or call the Consumer &
Governmental Affairs Bureau at 202–
418–0530 (voice), 202–418–0432 (tty).
Additional information concerning
this meeting may be obtained from
PO 00000
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Audrey Spivack or David Fiske, Office
of Media Relations, (202) 418–0500;
TTY 1–888–835–5322. Audio/Video
coverage of the meeting will be
broadcast live with open captioning
over the Internet from the FCC’s Audio/
Video Events Web page at https://
www.fcc.gov/realaudio.
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43482
Federal Register / Vol. 71, No. 147 / Tuesday, August 1, 2006 / Notices
For a fee this meeting can be viewed
live over George Mason University’s
Capitol Connection. The Capitol
Connection also will carry the meeting
live via the Internet. To purchase these
services call (703) 993–3100 or go to
https://www.capitolconnection.gmu.edu.
Copies of materials adopted at this
meeting can be purchased from the
FCC’s duplicating contractor, Best Copy
and Printing, Inc. (202) 488–5300; Fax
(202) 488–5563; TTY (202) 488–5562.
These copies are available in paper
format and alternative media, including
large print/type; digital disk; and audio
and video tape. Best Copy and Printing,
Inc. may be reached by e-mail at
FCC@BCPIWEB.com.
Federal Communications Commission
Marlene H. Dortch,
Secretary.
[FR Doc. 06–6641 Filed 7–28–06; 12:31 pm]
BILLING CODE 6712–01–M
FEDERAL DEPOSIT INSURANCE
CORPORATION
Moratorium on Certain Industrial Loan
Company Applications and Notices
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice; The Imposition of a
Moratorium.
rwilkins on PROD1PC63 with NOTICES
AGENCY:
SUMMARY: This notice announces the
imposition of a six-month moratorium
on FDIC action to accept, approve, or
deny any application for deposit
insurance submitted to the FDIC by, or
on behalf of, any proposed or existing
industrial loan company, industrial
bank or similar institution (collectively,
ILC),1 or accept, disapprove, or issue a
letter of intent not to disapprove, any
change in bank control notice submitted
to the FDIC with respect to any ILC. The
FDIC Board of Directors (Board) may
exclude from the moratorium any
particular application or notice if it
determines that the moratorium would
present a significant safety and
soundness risk to any FDIC-insured
institution or a significant risk to the
deposit insurance fund, or failure to act
would otherwise impair the mission of
the FDIC.
DATES: The moratorium is effective
through Wednesday, January 31, 2007.
FOR FURTHER INFORMATION CONTACT: For
questions regarding the moratorium:
contact Robert C. Fick, Counsel, (202)
898–8962; Federal Deposit Insurance
Corporation, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
1 See
12 U.S.C. 1813(a)(2), 1841(c)(2)(H).
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I. Background
Nature and Brief History of ILCs
ILCs were first chartered in the early
1900’s as small loan companies for
industrial workers. Over time the
chartering states have gradually
expanded the powers of their ILCs to the
extent that ILCs now generally have the
same powers as state commercial
banks.2
ILCs are state-chartered banks, and all
of the existing FDIC-insured ILCs are
‘‘state nonmember banks’’ under the FDI
Act. As a result, their primary Federal
banking supervisor is the FDIC. The
FDIC generally exercises the same
supervisory and regulatory powers over
ILCs that it does over other state nonmember banks. The only material
exceptions to the FDIC’s authority over
ILCs are that the cross-guarantee
liability provisions, the golden
parachute provisions, and the
management interlocks provisions are
not applicable to ILCs, their affiliates or
holding companies. Legislation to make
these provisions applicable to ILCs is
currently pending.
While ILCs are ‘‘banks’’ under the FDI
Act,3 they generally are not ‘‘banks’’
under the Bank Holding Company Act
(BHCA).4 One result of this difference in
treatment is that a company that owns
an ILC could engage in commercial
activities and may not be subject to
Federal consolidated supervision. By
contrast, domestic bank holding
companies and financial holding
companies that are subject to Federal
consolidated supervision are prohibited
from engaging in commercial activities.
As a result of these differences, some of
the companies that own ILCs are not
subject to Federal consolidated
supervision. The FDIC has noted a
recent increase in deposit insurance
applications for, and change in control
notices with respect to, ILCs that will be
affiliated with commercial concerns or
other companies that will not have a
Federal consolidated supervisor. Some
members of Congress, the Government
Accountability Office, the FDIC’s Office
of Inspector General, and members of
the public have expressed concerns
regarding the lack of Federal
consolidated supervision, the potential
risks from mixing banking and
commerce and the potential for an
unlevel playing field.
2 If an ILC is authorized to, and does, in fact, offer
demand deposits, any company that owns such an
ILC may be required to register as a bank holding
company. As a result, most of the ILCs have chosen
not to offer demand deposits.
3 12 U.S.C. 1813(a)(2).
4 See 12 U.S.C. 1841(c)(2)(H).
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Summary of ILC Portfolio
The ILC industry has evolved since
the enactment of the Competitive
Equality Banking Act (CEBA) in 1987,
when Congress initially excepted ILCs
from the BHCA. As of July 24, 2006,
there were 61 operating insured ILCs; 48
of the 61 were chartered in Utah or
California. ILCs also operate in
Colorado, Hawaii, Indiana, Minnesota
and Nevada.
As of year-end 1987, 105 ILCs
reported aggregate total assets of $4.2
billion and aggregate total deposits of
$2.9 billion. The reported total assets for
these ILCs ranged from $1.0 million to
$411.9 million, with the average ILC
reporting $40.0 million in total assets
and $27.3 million in total deposits. Of
the current portfolio of 61 ILCs, 14 were
insured during 1987 or prior years.
As of year-end 1999, the FDIC insured
55 ILCs with aggregate total assets of
$43.6 billion and aggregate total
deposits of $22.5 billion. The reported
total assets for these ILCs ranged from
$2.4 million to $15.6 billion, with 10
institutions reporting total assets of
more than $1 billion. The four largest
institutions reported total assets of $15.6
billion, $4.4 billion, $3.8 billion, and
$3.0 billion. Six other institutions
reported total assets of $1.1 billion to
$2.5 billion. The remaining portfolio of
ILCs, on average, reported total assets of
$152.5 million. Of the current portfolio
of 61 ILCs, 37 were insured during 1999
or prior years.
Since January 1, 2000, 24 ILCs became
insured.5 As of March 31, 2006, the 61
insured ILCs reported aggregate total
assets of $155.1 billion; ILCs owned by
four financial services firms, including
Merrill Lynch & Co. Inc.; UBS AG,
Lehman Brothers Holdings, Inc.; and
Morgan Stanley, accounted for 63
percent of the growth in ILC assets since
1987. These four firms all operate under
some form of consolidated supervision
by the Federal Reserve Board (FRB), the
Office of Thrift Supervision (OTS) or the
Securities and Exchange Commission
(SEC) account for 61.4% of the total ILC
industry assets as of March 31, 2006.
Reported total assets of all ILCs, as of
March 31, 2006, ranged from $2.7
million to $62.0 billion. ILCs reporting
total assets of $10 billion or more
include Merrill Lynch Bank USA ($62.0
billion), UBS Bank USA ($19.0 billion),
American Express Centurion Bank
($13.8 billion), Fremont Investment &
Loan ($12.9 billion), and Morgan
5 During 2000, 4 new ILCs were insured; 2 during
each of 2001 and 2002; 5 during 2003; 6 during
2004; 4 during 2005; and 1 thus far in 2006. The
insurance date for each institution reflects the date
the institution began operating.
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]]>Agencies
[Federal Register Volume 71, Number 147 (Tuesday, August 1, 2006)]
[Notices]
[Pages 43481-43482]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-6641]
-----------------------------------------------------------------------
FEDERAL COMMUNICATIONS COMMISSION
Sunshine Act Meeting; Open Commission Meeting, Thursday, August
3, 2006
The Federal Communications Commission will hold an Open Meeting on
the subjects listed below on Thursday, August 3, 2006, which is
scheduled to commence at 9:30 a.m. in Room TW-C305, at 445 12th Street,
SW., Washington, DC.
------------------------------------------------------------------------
Item
No. Bureau Subject
------------------------------------------------------------------------
1 Wireline Competition. Title: United Power Line Council's
Petition for Declaratory Ruling
Regarding the Classification of
Broadband over Power Line Internet
Access Service as an Information Service
(WC Docket No. 06-10).
Summary: The Commission will consider a
Memorandum Opinion and Order concerning
the classification of broadband over
power line Internet access service.
Office of Engineering Title: Amendment of part 15 regarding new
and Technology. requirements and measurement guidelines
for Access Broadband over Power Line
Systems (ET Docket No. 04-104).
Summary: The Commission will consider a
Memorandum Opinion and Order in response
to petitions for reconsideration of the
rules applicable to Broadband over Power
Line systems.
Wireline Title: Service Rules for the 698-746, 747-
Telecommunications. 762 and 777-792 MHz Bands.
Summary: The Commission will consider a
Notice of Proposed Rulemaking regarding
possible changes to the rules governing
wireless licenses in the 698-746, 747-
762, and 777-792 MHz Bands.
------------------------------------------------------------------------
Open captioning will be provided for this event. Other reasonable
accommodations for people with disabilities are available upon request.
Include a description of the accommodation you will need including as
much detail as you can. Also include a way we can contact you if we
need more information. Make your request as early as possible; please
allow at least 5 days advance notice. Last minute requests will be
accepted, but may be impossible to fill. Send an e-mail to:
fcc504@fcc.gov or call the Consumer & Governmental Affairs Bureau at
202-418-0530 (voice), 202-418-0432 (tty).
Additional information concerning this meeting may be obtained from
Audrey Spivack or David Fiske, Office of Media Relations, (202) 418-
0500; TTY 1-888-835-5322. Audio/Video coverage of the meeting will be
broadcast live with open captioning over the Internet from the FCC's
Audio/Video Events Web page at https://www.fcc.gov/realaudio.
[[Page 43482]]
For a fee this meeting can be viewed live over George Mason
University's Capitol Connection. The Capitol Connection also will carry
the meeting live via the Internet. To purchase these services call
(703) 993-3100 or go to https://www.capitolconnection.gmu.edu.
Copies of materials adopted at this meeting can be purchased from
the FCC's duplicating contractor, Best Copy and Printing, Inc. (202)
488-5300; Fax (202) 488-5563; TTY (202) 488-5562. These copies are
available in paper format and alternative media, including large print/
type; digital disk; and audio and video tape. Best Copy and Printing,
Inc. may be reached by e-mail at FCC@BCPIWEB.com.
Federal Communications Commission
Marlene H. Dortch,
Secretary.
[FR Doc. 06-6641 Filed 7-28-06; 12:31 pm]
BILLING CODE 6712-01-M
