Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 74913 [E6-21149]

Download as PDF Federal Register / Vol. 71, No. 239 / Wednesday, December 13, 2006 / Notices Officers: Suzanne Simonetti, Vice President (Qualifying Individual), Nicholas Ferrara, President. Ocean Freight Forwarder—Ocean Transportation Intermediary Applicants: Mayfak International, LLC, 1231 NW 93 Ct., Doral, FL 33172. Officer: Mario Osorio, President (Qualifying Individual). International Logistics Solutions, Inc., 58 South Burty Road, Piedmont, SC 29673. Officers: Gavin Berkowitz, Vice President (Qualifying Individual), Chris Apple, President. Dated: December 8, 2006. Bryant L. VanBrakle, Secretary. [FR Doc. E6–21177 Filed 12–12–06; 8:45 am] BILLING CODE 6730–01–P A. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: 1. Raymond E. Wooldridge, Dallas, Texas; to acquire voting shares of Reeves Bancshares, Inc., Gould, Oklahoma, and thereby indirectly acquire voting shares of Stockmans Bank, Altus, Oklahoma. Board of Governors of the Federal Reserve System, December 8, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–21149 Filed 12–12–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL TRADE COMMISSION Charges For Certain Disclosures Federal Trade Commission. Notice regarding charges for certain disclosures. AGENCY: ACTION: FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary Licenses Correction In the OTI Applicant Notice published in the Federal Register on November 1, 2006 (71 FR 64281) reference to the name of the Zenus (USA) Logistics LLC is corrected to read: ‘‘Zeus (USA) Logistics LLC’’. Dated: December 8, 2006. Bryant L. VanBrakle, Secretary. [FR Doc. E6–21168 Filed 12–12–06; 8:45 am] BILLING CODE 6730–01–P FEDERAL RESERVE SYSTEM hsrobinson on PROD1PC76 with NOTICES 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 December 28, 2006. VerDate Aug<31>2005 21:31 Dec 12, 2006 Jkt 211001 SUMMARY: The Federal Trade Commission announces that the ceiling on allowable charges under Section 612(f) of the Fair Credit Reporting Act (‘‘FCRA’’) will remain unchanged at $10.00 for 2007. Under 1996 amendments to the FCRA, the Federal Trade Commission is required to increase the $8.00 amount referred to in paragraph (1)(A)(i) of Section 612(f) on January 1 of each year, based proportionally on changes in the Consumer Price Index (‘‘CPI’’), with fractional changes rounded to the nearest fifty cents. The CPI increased 25.88 percent between September 1997, the date the FCRA amendments took effect, and September 2006. This increase in the CPI and the requirement that any increase be rounded to the nearest fifty cents results in no change in the current maximum allowable charge of $10.00. DATES: Effective Date: January 1, 2007. ADDRESSES: Federal Trade Commission, Washington, DC 20580. FOR FURTHER INFORMATION CONTACT: Keith B. Anderson, Bureau of Economics, Federal Trade Commission, Washington, DC 20580, 202–326–3428. Section 612(f)(1)(A) of the Fair Credit Reporting Act, which became effective in 1997, provides that a consumer reporting agency may charge a consumer a reasonable amount for making a disclosure to the consumer pursuant to Section 609 of the Act.1 The law states SUPPLEMENTARY INFORMATION: 1 This provision, originally Section 612(a), was added to the FCRA in September 1996 and became effective in September 1997. It was relabeled PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 74913 that, where a consumer reporting agency is permitted to impose a reasonable charge on a consumer for making a disclosure to the consumer pursuant to Section 609, the charge shall not exceed $8 and shall be indicated to the consumer before making the disclosure. Section 612(f)(2) states that the Federal Trade Commission (‘‘the Commission’’) shall increase the $8.00 maximum amount on January 1 of each year, based proportionally on changes in the Consumer Price Index, with fractional changes rounded to the nearest fifty cents. Section 211(a)(2) of the Fair and Accurate Credit Transactions Act of 2003 (‘‘FACT Act’’) added a new Section 612(a) to the FCRA that gives consumers the right to request free annual disclosures once every 12 months. The maximum allowable charge established by this Notice does not apply to requests made under that provision. The charge will, however, apply when a consumer who orders a file disclosure has already received a free annual disclosure and does not otherwise qualify for an additional free disclosure. The Commission considers the $8 amount referred to in paragraph (1)(A)(i) of Section 612(f) to be the baseline for the effective ceiling on reasonable charges dating from the effective date of the amended FCRA, i.e., September 30, 1997. Each year the Commission calculates the proportional increase in the Consumer Price Index (using the most general CPI, which is for all urban consumers, all items) from September 1997 to September of the current year. The Commission then determines what modification, if any, from the original base of $8 should be made effective on January 1 of the subsequent year, given the requirement that fractional changes be rounded to the nearest fifty cents. Between September 1997 and September 2006, the Consumer Price Index for all urban consumers and all items increased by 25.88 percent—from an index value of 161.2 in September 1997 to a value of 202.9 in September 2005. An increase of 25.88 percent in the $8.00 base figure would lead to a new figure of $10.07. However, because the statute directs that the resulting figure be rounded to the nearest $0.50, the allowable charge should be $10.00. The Commission therefore determines that the allowable charge for the year 2007 will remain unchanged at $10.00. Section 612(f) by Section 211(a)(1) of the Fair and Accurate Credit Transactions Act of 2003 (‘‘FACT Act’’), Public Law 108–159, which was signed into law on December 4, 2003. E:\FR\FM\13DEN1.SGM 13DEN1

Agencies

[Federal Register Volume 71, Number 239 (Wednesday, December 13, 2006)]
[Notices]
[Page 74913]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-21149]


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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 Sec. [thinsp]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 December 28, 2006.
    A. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant 
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
    1. Raymond E. Wooldridge, Dallas, Texas; to acquire voting shares 
of Reeves Bancshares, Inc., Gould, Oklahoma, and thereby indirectly 
acquire voting shares of Stockmans Bank, Altus, Oklahoma.

    Board of Governors of the Federal Reserve System, December 8, 
2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6-21149 Filed 12-12-06; 8:45 am]
BILLING CODE 6210-01-S