Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager, 60835 [2011-25252]

Download as PDF Federal Register / Vol. 76, No. 190 / Friday, September 30, 2011 / Notices yet be calculated, the FCC imposes on the bidder responsible for the withdrawn bid an interim bid withdrawal payment, which will be applied toward any final bid withdrawal payment that is ultimately assessed. 39. The amount of the interim bid withdrawal payment may range from three percent to twenty percent of the withdrawn bid amount, with the percentage generally being higher where there is greater risk of bid withdrawals being used for anti-competitive purposes, such as when there is little need for bidders to aggregate permits. Because the Bureaus anticipate little need for bidders to aggregate permits in Auction 93, the Bureaus propose to use the maximum interim bid withdrawal payment percentage allowed by 47 CFR 1.2104(g)(1) in the event bid withdrawals are allowed in this auction. The Bureaus request comment on using twenty percent for calculating an interim bid withdrawal payment amount in Auction 93. Commenters advocating the use of bid withdrawals should also address the percentage of the interim bid withdrawal payment. ii. Additional Default Payment Percentage 40. Any winning bidder that defaults or is disqualified after the close of an auction (i.e. , fails to remit the required down payment within the prescribed period of time, fails to submit a timely long-form application, fails to make full and timely final payment, or is otherwise disqualified) is liable for a default payment under 47 CFR 1.2104(g)(2). This payment consists of a deficiency payment, equal to the difference between the amount of the Auction 93 bidder’s winning bid and the amount of the winning bid the next time a construction permit 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. 41. The Commission’s rules provide that, in advance of each auction, it will establish a percentage between three percent and twenty percent of the applicable bid to be assessed as an additional default payment. As the Commission has indicated, the level of this additional payment in each auction will be based on the nature of the service and the construction permits being offered. 42. For Auction 93, the Bureaus propose to establish an additional default payment of twenty percent. Defaults weaken the integrity of the auction process and may impede the deployment of service to the public, and an additional twenty percent default payment will be more effective in deterring defaults than the three percent used in some earlier auctions. In light of these considerations, the Bureaus propose for Auction 93 an additional default payment of twenty percent of the relevant bid. The Bureaus seek comment on this proposal. V. Ex Parte Rules 43. 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 provisions pertaining to oral and written ex parte presentations in permit-but-disclose proceedings are set forth in 47 CFR 1.1206(b). 60835 Federal Communications Commission. Gary Michaels, Deputy Chief, Auctions and Spectrum Access Division, WTB. [FR Doc. 2011–25277 Filed 9–29–11; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager Federal Deposit Insurance Corporation. ACTION: Update Listing of Financial Institutions in Liquidation. AGENCY: Notice is hereby given that the Federal Deposit Insurance Corporation (Corporation) has been appointed the sole receiver for the following financial institutions effective as of the Date Closed as indicated in the listing. This list (as updated from time to time in the Federal Register) may be relied upon as ‘‘of record’’ notice that the Corporation has been appointed receiver for purposes of the statement of policy published in the July 2, 1992 issue of the Federal Register (57 FR 29491). For further information concerning the identification of any institutions which have been placed in liquidation, please visit the Corporation Web site at http://www.fdic.gov/bank/ individual/failed/banklist.html or contact the Manager of Receivership Oversight in the appropriate service center. SUMMARY: Dated: September 26, 2011. Federal Deposit Insurance Corporation. Pamela Johnson, Regulatory Editing Specialist. INSTITUTIONS IN LIQUIDATION [In alphabetical order] FDIC Ref. No. Bank name City State Date closed 10396 ......................... 10397 ......................... Bank of the Commonwealth ............................................. Citizens Bank of Northern California ................................ Norfolk ........................ Nevada City ............... VA .............................. CA .............................. 9/23/2011 9/23/2011 mstockstill on DSK4VPTVN1PROD with NOTICES [FR Doc. 2011–25252 Filed 9–29–11; 8:45 am] FEDERAL MARITIME COMMISSION BILLING CODE 6714–01–P Sunshine Act Meeting AGENCY HOLDING THE MEETING: Federal Maritime Commission. TIME AND DATE: VerDate Mar<15>2010 17:19 Sep 29, 2011 Jkt 223001 PO 00000 Frm 00037 Matters To Be Considered October 5, 2011–10 a.m. Fmt 4703 Sfmt 4703 800 North Capitol Street, NW., First Floor Hearing Room, Washington, DC. STATUS: The meeting will be held in Open Session. PLACE: 1. Staff Recommendation Concerning Proposed Modification of 46 CFR E:\FR\FM\30SEN1.SGM 30SEN1

Agencies

[Federal Register Volume 76, Number 190 (Friday, September 30, 2011)]
[Notices]
[Page 60835]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-25252]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Update to Notice of Financial Institutions for Which the Federal 
Deposit Insurance Corporation Has Been Appointed Either Receiver, 
Liquidator, or Manager

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Update Listing of Financial Institutions in Liquidation.

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SUMMARY: Notice is hereby given that the Federal Deposit Insurance 
Corporation (Corporation) has been appointed the sole receiver for the 
following financial institutions effective as of the Date Closed as 
indicated in the listing. This list (as updated from time to time in 
the Federal Register) may be relied upon as ``of record'' notice that 
the Corporation has been appointed receiver for purposes of the 
statement of policy published in the July 2, 1992 issue of the Federal 
Register (57 FR 29491). For further information concerning the 
identification of any institutions which have been placed in 
liquidation, please visit the Corporation Web site at http://www.fdic.gov/bank/individual/failed/banklist.html or contact the 
Manager of Receivership Oversight in the appropriate service center.

    Dated: September 26, 2011.

    Federal Deposit Insurance Corporation.
Pamela Johnson,
Regulatory Editing Specialist.

                                           Institutions in Liquidation
                                             [In alphabetical order]
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         FDIC Ref. No.                   Bank name                  City              State         Date closed
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10396.........................  Bank of the Commonwealth...  Norfolk..........  VA..............  9/23/2011
10397.........................  Citizens Bank of Northern    Nevada City......  CA..............  9/23/2011
                                 California.
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[FR Doc. 2011-25252 Filed 9-29-11; 8:45 am]
BILLING CODE 6714-01-P