Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 48285 [E7-16679]

Download as PDF ebenthall on PRODPC61 with NOTICES Federal Register / Vol. 72, No. 163 / Thursday, August 23, 2007 / Notices which such bidders must submit upfront payments to purchase bidding eligibility in the subsequent auction. The Bureau proposes that the public notice will provide that the deadline for selecting alternative licenses will be 10 business days from the date of the public notice and the deadline for submitting upfront payments will be 10 business days from the date of the selection deadline. This will enable bidding on the alternative licenses to begin less than two months after the public notice announcing the close of Auction 73. The Bureau seeks comment on this proposal. 102. Effective Period for AntiCollusion Rule. In the 700 MHz Second Report and Order, the Commission directed the Bureau to adopt any procedures that may enhance the effectiveness of an auction of licenses in Auction 73 or any subsequent contingent auction. In part, the Commission found that the Commission’s anti-collusion rule should treat Auction 73 and any such subsequent auction as a single auction, given the related nature of the auctions. Accordingly, the applicable down payment deadline marking the end of the anti-collusion period for Auction 73 and any subsequent auction shall be the down payment deadline established following the close of the subsequent auction. 103. Minimum Opening Bids. For a contingent subsequent auction, the Bureau proposes to calculate minimum opening bid amounts on a license-bylicense basis using the same approach as described herein that draws on the Auction 66 prices that were bid on licenses for the exact same geographic areas. The proposed minimum opening bid amounts for the C1 and C2 Block licenses that would be available in a contingent subsequent auction are set forth in Attachment D of the Auction 73 Comment Public Notice. For any licenses in other blocks offered in the same subsequent auction, the Bureau proposes the same minimum opening bid amounts set forth in Attachment A of the Auction 73 Comment Public Notice. The Bureau seeks comment on these proposals and other possible amounts for minimum opening bids. If commenters believe that these minimum opening bid amounts will result in unsold licenses or are not reasonable amounts, they should explain why this is so, and comment on the desirability of an alternative approach. Commenters are advised to support their claims with valuation analyses and suggested amounts or formulas. The change of conditions with respect to any licenses for the A, B, C VerDate Aug<31>2005 15:04 Aug 22, 2007 Jkt 211001 and E Blocks to be offered in a subsequent auction should increase the value of the licenses and may support higher minimum opening bids. In addition, the bidding in the initial auction may provide further information regarding the appropriate level of minimum opening bids. If the Bureau modifies the minimum opening bids, it will announce the new minimum opening bids in the same public notice announcing pre-auction procedures. 104. Additional Procedures. The Commission also directed the Wireless Bureau to consider what procedures may be appropriate to deter bidders from actions that might thwart the assignment of licenses in either auction. The Bureau proposes that otherwise eligible bidders will be denied bidding eligibility in a subsequent auction in the event that they default on any winning bids in the initial auction. The Bureau seeks comment on this proposal, as well as comment on any other proposals that may enhance the effectiveness of the auction of licenses in Auction 73 or any contingent subsequent auction. VI. Deadlines and Filing Procedures 105. Comments are due on or before August 31, 2007, and reply comments are due on or before September 7, 2007. All filings related to the auction of 700 MHz spectrum licenses should refer to AU Docket No. 07–157. Comments may be submitted using the Commission’s Electronic Comment Filing System (ECFS) or by filing paper copies. The Bureau strongly encourages interested parties to file comments electronically, and requests submission of a copy via the Auction 73 e-mail box (auction73@fcc.gov). 106. 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 section 1.1206(b) of the Commission’s rules. Federal Communications Commission. Gary D. Michaels, Deputy Chief, Auctions and Spectrum Access Division, WTB. [FR Doc. E7–16677 Filed 8–20–07; 11:58 am] BILLING CODE 6712–01–P PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 48285 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 September 7, 2007. A. Federal Reserve Bank of Kansas City (Todd Offenbacker, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: 1. The 2007 Voting Trust Agreement, and its trustees, Albert Charles Kelly, Jr. and Peter John Kelly, both of Bristow, Oklahoma; Shawn Trevor Kelly, Edmond, Oklahoma; Paul Harrison Cornell, Tulsa, Oklahoma; and Allison Asbury Kelly, Okemah, Oklahoma, all to acquire voting shares of Citizens Bankshares, Inc., Okemah, Oklahoma, and thereby indirectly acquire voting shares of Citizens State Bank, Okemah, Oklahoma. Board of Governors of the Federal Reserve System, August 20, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–16679 Filed 8–22–07; 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. E:\FR\FM\23AUN1.SGM 23AUN1

Agencies

[Federal Register Volume 72, Number 163 (Thursday, August 23, 2007)]
[Notices]
[Page 48285]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-16679]


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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 September 7, 2007.
    A. Federal Reserve Bank of Kansas City (Todd Offenbacker, Assistant 
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
    1. The 2007 Voting Trust Agreement, and its trustees, Albert 
Charles Kelly, Jr. and Peter John Kelly, both of Bristow, Oklahoma; 
Shawn Trevor Kelly, Edmond, Oklahoma; Paul Harrison Cornell, Tulsa, 
Oklahoma; and Allison Asbury Kelly, Okemah, Oklahoma, all to acquire 
voting shares of Citizens Bankshares, Inc., Okemah, Oklahoma, and 
thereby indirectly acquire voting shares of Citizens State Bank, 
Okemah, Oklahoma.

    Board of Governors of the Federal Reserve System, August 20, 
2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-16679 Filed 8-22-07; 8:45 am]
BILLING CODE 6210-01-S