Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 49493 [2010-19948]
Download as PDF
<![CDATA[
Federal Register / Vol. 75, No. 156 / Friday, August 13, 2010 / Notices
emcdonald on DSK2BSOYB1PROD with NOTICES
Commission adopted a price cap
formula in the 2007 TRS Rate
Methodology Order for three years
which expires June 30, 2010. The
Commission finds it appropriate to
continue to use the price-cap
methodology used in setting the
previous rates for IP Relay, and to adopt
NECA’s proposed rate for the 2010–2011
Fund year based on IP Relay providers’
projected costs and demand.
14. Unlike VRS, for IP Relay, the
Commission explicitly stated that at the
end of the first three-year cycle, it
would adopt IP Relay rates for another
three-year cycle. Therefore, NECA’s
proposed rate for the 2010–2011 Fund
year for IP Relay will serve as a base rate
for a new three-year cycle for IP Relay
that will expire June 30, 2013. As has
been done in the previous cycle based
on the 2007 TRS Rate Methodology
Order, this rate will be adjusted
annually by an inflation factor and an
efficiency factor, and will include any
appropriate exogenous costs submitted
by providers. The inflation factor is the
Gross Domestic Product minus the Price
Index (GDP¥PI), and the efficiency
factor is the inflation factor minus 0.5
percent to account for productivity
gains.
The Carrier Contribution Factor and
Funding Requirement
15. Because the Commission adopts
NECA’s proposed compensation rates
for the various forms of TRS, with the
adjustment of VRS rates to prevent a
steep and disruptive decrease in perminute compensation, and because the
Commission agrees that NECA’s
projected minutes of use for each
service are supported by the record and
thus reasonable, the remaining issue to
resolve is the treatment of NECA’s
March 30, 2010 Supplemental Filing
recommending a decrease in 2009–2010
funding requirements from $891 million
to $701.8 million, and a reduction in the
carrier contribution factor from 0.01137
to 0.00886. NECA made this
recommendation based on the finding
that actual VRS minutes for a sevenmonth period of July 2009 through
January 2010 consistently averaged 18%
below projections. The Commission
declines to reduce the 2009–2010 Fund
size as recommended, and instead
concludes that the most
administratively reasonable approach is
to apply NECA’s recommended Fund
adjustment to the funding requirement
for 2010–2011. Based on this, the
Commission adopts a total funding
requirement of $433,990,484.98 and
carrier contribution factor of 0.00585
which will result in a total Fund size of
$705,048,502.19.
VerDate Mar<15>2010
16:35 Aug 12, 2010
Jkt 220001
Paperwork Reduction Act
16. This document does not contain
new or modified information collection
requirements subject to the Paperwork
Reduction Act of 1995, Public Law 104–
13. In addition, therefore, it does not
contain any new or modified
information collection burden for small
business concerns with fewer than 25
employees, pursuant to the Small
Business Paperwork Relief Act of 2002,
Public Law 107–198, see 44 U.S.C.
3506(c)(4).
Congressional Review Act
17. The Commission will send a copy
of this Order in a report to be sent to
Congress and the Government
Accountability Office pursuant to the
Congressional Review Act. See 5 U.S.C.
801(a)(1)(A).
Ordering Clauses
Pursuant to the authority contained in
section 225 of the Communications Act
of 1934, as amended, 47 U.S.C. 225, and
§ 64.604(c)(5)(iii) of the Commission’s
rules, 47 CFR 64.604(c)(5)(iii),
document 10–115 is adopted.
NECA shall compensate providers of
interstate traditional TRS for the July 1,
2010 through June 30, 2011 Fund year,
at the rate of $2.0256 per completed
interstate conversation minute.
NECA shall compensate providers of
interstate Speech-to-Speech service for
the July 1, 2010 through June 30, 2011
Fund year, at the rate of $3.1566 per
completed interstate conversation
minute.
NECA shall compensate providers of
interstate captioned telephone service
and intrastate and interstate IP
captioned telephone service for the July
1, 2010 through June 30, 2011 Fund
year, at the rate of $1.6951 per
completed conversation minute.
NECA shall compensate providers of
intrastate and interstate IP Relay service
for the July 1, 2010 through June 30,
2011 Fund year, at the rate of $1.2985
per completed conversation minute.
NECA shall compensate providers of
intrastate and interstate Video Relay
Service at the rates of $6.2390 for the
first 50,000 monthly minutes (Tier I),
$6.2335 for monthly minutes between
50,001 and 500,000 (Tier II), and
$5.0668 for minutes above 500,000 (Tier
III) per completed conversation minute
for the July 1, 2010 through June 30,
2011 Fund year.
The Interstate TRS carrier
contribution factor shall be 0.00585, and
the funding requirement shall be
$433,990,484.98, and the, for the July 1,
2010 through June 30, 2011 Fund year.
PO 00000
Frm 00040
Fmt 4703
Sfmt 9990
49493
Federal Communications Commission.
Marlene H. Dortch,
Secretary.
[FR Doc. 2010–20047 Filed 8–12–10; 8:45 am]
BILLING CODE 6712–01–P
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 August
27, 2010.
A. Federal Reserve Bank of St. Louis
(Glenda Wilson, Community Affairs
Officer) P.O. Box 442, St. Louis,
Missouri 63166–2034:
1. George J. Shackelford, Coila,
Mississippi; to acquire additional voting
shares of Peoples Commerce
Corporation, and thereby indirectly
acquire additional voting shares of
Peoples Bank and Trust Company, both
of North Carrollton, Mississippi.
B. Federal Reserve Bank of Dallas (E.
Ann Worthy, Vice President) 2200
North Pearl Street, Dallas, Texas 75201–
2272:
1. John D. Mican, Bastrop, Texas;
Robert E. Berryhill, Smithville, Texas;
Tammy L. Goertz, Rosansky, Texas; and
Dianna L. Kana, Bastrop, Texas,
individually and collectively as co–
trustees of the Bastrop Bancshares, Inc.
Employee Stock Ownership Plan
(‘‘ESOP’’) and on behalf of ESOP; to
acquire voting shares of Bastrop
Bancshares, Inc., and thereby indirectly
acquire voting shares of The First
National Bank of Bastrop, both of
Bastrop, Texas.
Board of Governors of the Federal Reserve
System, August 9, 2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010–19948 Filed 8–12–10; 8:45 am]
BILLING CODE 6210–01–S
E:\FR\FM\13AUN1.SGM
13AUN1
]]>Agencies
[Federal Register Volume 75, Number 156 (Friday, August 13, 2010)]
[Notices]
[Page 49493]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-19948]
=======================================================================
-----------------------------------------------------------------------
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 August 27, 2010.
A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community
Affairs Officer) P.O. Box 442, St. Louis, Missouri 63166-2034:
1. George J. Shackelford, Coila, Mississippi; to acquire additional
voting shares of Peoples Commerce Corporation, and thereby indirectly
acquire additional voting shares of Peoples Bank and Trust Company,
both of North Carrollton, Mississippi.
B. Federal Reserve Bank of Dallas (E. Ann Worthy, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. John D. Mican, Bastrop, Texas; Robert E. Berryhill, Smithville,
Texas; Tammy L. Goertz, Rosansky, Texas; and Dianna L. Kana, Bastrop,
Texas, individually and collectively as co-trustees of the Bastrop
Bancshares, Inc. Employee Stock Ownership Plan (``ESOP'') and on behalf
of ESOP; to acquire voting shares of Bastrop Bancshares, Inc., and
thereby indirectly acquire voting shares of The First National Bank of
Bastrop, both of Bastrop, Texas.
Board of Governors of the Federal Reserve System, August 9,
2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010-19948 Filed 8-12-10; 8:45 am]
BILLING CODE 6210-01-S
