Sunshine Act Meetings, 72086 [2013-28920]
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72086
Federal Register / Vol. 78, No. 231 / Monday, December 2, 2013 / Notices
that final withdrawal payment cannot
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withdrawn bid an interim bid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.
41. 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withdrawn bid amount, with the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 in Auction 84 when
there is little need for bidders to
aggregate permits. In light of these
considerations, 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. The
Bureaus request comment on using
twenty percent for calculating an
interim bid withdrawal payment
amount in Auction 84. Commenters
advocating the use of bid withdrawals
should also address the percentage of
the interim bid withdrawal payment.
42. Additional Default Payment
Percentage. 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 84 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.
43. 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.
44. For Auction 84, 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
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deterring defaults than the three percent
used in some earlier auctions. In light of
these considerations, the Bureaus
propose for Auction 84 an additional
default payment of twenty percent of
the relevant bid. Moreover, a twenty
percent additional default payment
amount is consistent with the
percentage used in recent auctions of
FM permits. The Bureaus seek comment
on this proposal.
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
Federal Communications Commission.
holding company and/or to acquire the
Gary D. Michaels,
assets or the ownership of, control of, or
Deputy Chief, Auctions and Spectrum Access
the power to vote shares of a bank or
Division, WTB.
bank holding company and all of the
[FR Doc. 2013–28821 Filed 11–29–13; 8:45 am]
banks and nonbanking companies
owned by the bank holding company,
BILLING CODE 6712–01–P
including the companies listed below.
The applications listed below, as well
as other related filings required by the
FEDERAL ELECTION COMMISSION
Board, are available for immediate
inspection at the Federal Reserve Bank
Sunshine Act Meetings
indicated. The applications will also be
available for inspection at the offices of
AGENCY: Federal Election Commission.
the Board of Governors. Interested
persons may express their views in
DATE & TIME: Thursday, December 5,
writing on the standards enumerated in
2013 at 10:00 a.m.
the BHC Act (12 U.S.C. 1842(c)). If the
PLACE: 999 E Street NW., Washington,
proposal also involves the acquisition of
DC (Ninth Floor).
a nonbanking company, the review also
STATUS: This meeting will be open to the includes whether the acquisition of the
nonbanking company complies with the
public.
standards in section 4 of the BHC Act
ITEMS TO BE DISCUSSED:
(12 U.S.C. 1843). Unless otherwise
Correction and Approval of Minutes for noted, nonbanking activities will be
conducted throughout the United States.
October 31, 2013
Unless otherwise noted, comments
Draft Interpretive Rule Regarding Date
regarding each of these applications
of Political Party Nominations of
must be received at the Reserve Bank
Candidates for Special Primary
indicated or the offices of the Board of
Elections in New York
Governors not later than December 26,
Draft Advisory Opinion 2013–19:
2013.
Yamaha Motor Corporation, U.S.A.
A. Federal Reserve Bank of St. Louis
Audit Division Recommendation
(Yvonne Sparks, Community
Memorandum on the Caesars
Development Officer) P.O. Box 442, St.
Entertainment Corporation Political
Louis, Missouri 63166–2034:
Action Committee (A12–01)
1. First Bancshares, Inc., Mountain
Management and Administrative
Grove, Missouri; to become a bank
Matters
holding company through the
Individuals who plan to attend and
conversion of its wholly-owned
subsidiary bank, First Home Savings
require special assistance, such as sign
Bank, Mountain Grove, Missouri, from a
language interpretation or other
state chartered savings bank to a state
reasonable accommodations, should
chartered nonmember bank.
contact Shawn Woodhead Werth,
Secretary and Clerk, at (202)694–1040,
B. Federal Reserve Bank of Dallas (E.
at least 72 hours prior to the meeting
Ann Worthy, Vice President) 2200
date.
North Pearl Street, Dallas, Texas 75201–
2272:
PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer, Telephone:
1. The 2013 Monte Hulse Family
(202) 694–1220.
Irrevocable Trust I, Waco, Texas; to
acquire at least 19 percent of the voting
Shawn Woodhead Werth,
shares of FCT Bancshares, Inc., and
Secretary and Clerk of the Commission.
thereby indirectly acquire voting shares
[FR Doc. 2013–28920 Filed 11–27–13; 4:15 pm]
of First National Bank of Central Texas,
both in Waco, Texas.
BILLING CODE 6715–01–P
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Agencies
[Federal Register Volume 78, Number 231 (Monday, December 2, 2013)]
[Notices]
[Page 72086]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-28920]
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FEDERAL ELECTION COMMISSION
Sunshine Act Meetings
AGENCY: Federal Election Commission.
DATE & TIME: Thursday, December 5, 2013 at 10:00 a.m.
PLACE: 999 E Street NW., Washington, DC (Ninth Floor).
STATUS: This meeting will be open to the public.
ITEMS TO BE DISCUSSED:
Correction and Approval of Minutes for October 31, 2013
Draft Interpretive Rule Regarding Date of Political Party Nominations
of Candidates for Special Primary Elections in New York
Draft Advisory Opinion 2013-19: Yamaha Motor Corporation, U.S.A.
Audit Division Recommendation Memorandum on the Caesars Entertainment
Corporation Political Action Committee (A12-01)
Management and Administrative Matters
Individuals who plan to attend and require special assistance, such
as sign language interpretation or other reasonable accommodations,
should contact Shawn Woodhead Werth, Secretary and Clerk, at (202)694-
1040, at least 72 hours prior to the meeting date.
PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer,
Telephone: (202) 694-1220.
Shawn Woodhead Werth,
Secretary and Clerk of the Commission.
[FR Doc. 2013-28920 Filed 11-27-13; 4:15 pm]
BILLING CODE 6715-01-P