Clearing Target of 108 Megahertz Set for Stage 3 of the Broadcast Television Spectrum Incentive Auction; Stage 3 Bidding in the Reverse Auction Will Start on November 1, 2016, 75055-75058 [2016-26196]
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Federal Register / Vol. 81, No. 209 / Friday, October 28, 2016 / Notices
filing for applications for authorization
to discontinue, reduce, or impair service
under section 214(a) of the Act.
In July 2016, the Commission
concluded that applicants seeking to
discontinue a legacy time division
multiplexing (TDM)-based voice service
as part of a transition to a new
technology, whether Internet Protocol
(IP), wireless, or another type
(technology transition discontinuance
application) must demonstrate that an
adequate replacement for the legacy
service exists in order to be eligible for
streamlined treatment and revised part
63 accordingly. For any other domestic
service for which a discontinuance
application is filed, the existing
framework governs automatic grant
procedures. Unlike traditional
applicants, technology transition
discontinuance applicants seeking
streamlined treatment will be required
to submit with their application either
a certification or a showing as to
whether an ‘‘adequate replacement’’
exists in the service area. The
Commission stressed that attempting to
satisfy this ‘‘adequate replacement’’ test
to establish eligibility for streamlined
treatment is entirely voluntary for an
applicant. Voice technology transition
discontinuance applicants that decline
to pursue this path are not eligible for
streamlined treatment and will have
their applications evaluated on a nonstreamlined basis under the traditional
five factor test. The Commission
concluded that an applicant for a
technology transition discontinuance
may demonstrate that a service is an
adequate replacement for a legacy voice
service by certifying or showing that one
or more replacement service(s) offers all
of the following: (i) Substantially similar
levels of network infrastructure and
service quality as the applicant service;
(ii) compliance with existing federal
and/or industry standards required to
ensure that critical applications such as
911, network security, and applications
for individuals with disabilities remain
available; and (iii) interoperability and
compatibility with an enumerated list of
applications and functionalities
determined to be key to consumers and
competitors. One replacement service
must satisfy all the criteria to retain
eligibility for automatic grant. To reduce
burdens on carriers, the Commission
adopted a more streamlined approach
for discontinuances involving services
that are substantially similar to those for
which a Section 214 discontinuance has
previously been approved and allowed
Section 214 discontinuance applications
to be eligible for automatic grant
without any further showing if the
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applicant demonstrates that the service
has zero customers in the relevant
service area and no requests for service
in the last six months.
The Commission also concluded that
consumer education materials should be
required as part of any technology
transition discontinuance because
customers must be informed of their
choices to ensure seamless transitions.
The Commission determined that
information about the price of the legacy
service and the proposed replacement
service should be provided as part of the
application because any potential
increased costs would implicate the
Commission’s commitment to ensuring
that technology transitions do not
unduly impact our most vulnerable
citizens. To further reduce burdens on
carriers, the Commission also decided to
allow carriers to provide notice via
email to offer additional options to
customers and addressed a gap in the
Commission’s rules to make a
competitive LEC’s application for
discontinuance deemed granted on the
effective date of any comer retirement
that made the discontinuance
unavoidable. The Commission further
concluded that applicants must provide
notice of discontinuance applications to
any federally-recognized Tribal Nations.
The Commission estimates that there
will be five respondents submitting 25
applications/responses related to these
revisions. The Commission also
estimates that these revisions will result
in a total of 1,775 annual burden hours
and a total annual cost of $27,900. The
Commission estimates that the total
annual burden and annual cost of the
entire collection, as revised, is 2,075
and $27,900, respectively.
Federal Communications Commission.
Marlene H. Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2016–26052 Filed 10–27–16; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL COMMUNICATIONS
COMMISSION
[GN Docket No. 12–268; AU Docket No. 14–
252; WT Docket No. 12–269; DA 16–1213]
Clearing Target of 108 Megahertz Set
for Stage 3 of the Broadcast Television
Spectrum Incentive Auction; Stage 3
Bidding in the Reverse Auction Will
Start on November 1, 2016
Federal Communications
Commission.
ACTION: Notice.
AGENCY:
The Incentive Auction Task
Force and Wireless
SUMMARY:
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75055
Telecommunications Bureau announce
the spectrum clearing target of 108
megahertz and band plan for Stage 3 of
the incentive auction, and that bidding
in Stage 3 of the reverse auction is
scheduled to begin on November 1,
2016. This document also announces
details and dates regarding bidding and
the availability of educational and
informational materials for reverse and
forward auction bidders eligible to
participate in Stage 3; the availability of
Stage 3 bidding and timing information
in the Incentive Auction Public
Reporting System; and the importance
of bidder contingency plans. Finally,
this document reminds each reverse and
forward auction applicant of its
continuing obligations under the FCC’s
rules.
FOR FURTHER INFORMATION CONTACT:
Wireless Telecommunications Bureau,
Auctions and Spectrum Access Division:
For general auction questions, contact
Linda Sanderson at (717) 338–2868. For
reverse auction or forward auction legal
questions, refer to the contact
information listed in the Incentive
Auction Stage 3 Clearing Target Public
Notice.
SUPPLEMENTARY INFORMATION: This is a
summary of the Incentive Auction Stage
3 Clearing Target Public Notice, GN
Docket No. 12–268, AU Docket No. 14–
252, WT Docket No. 12–269, DA 16–
1213, released October 25, 2016. The
complete text of the Incentive Auction
Stage 3 Clearing Target Public Notice is
available for public inspection and
copying from 8:00 a.m. to 4:30 p.m.
Eastern Time (ET) Monday through
Thursday or from 8:00 a.m. to 11:30 a.m.
ET on Fridays in the FCC Reference
Information Center, 445 12th Street SW.,
Room CY–A257, Washington, DC 20554.
The complete text is also available on
the Commission’s Web site at https://
wireless.fcc.gov, the Auction 1000 Web
site at https://www.fcc.gov/auctions/
1000, or by using the search function on
the ECFS Web page at https://
www.fcc.gov/cgb/ecfs/. Alternative
formats are available to persons with
disabilities by sending an email to
FCC504@fcc.gov or by calling the
Consumer & Governmental Affairs
Bureau at (202) 418–0530 (voice), (202)
418–0432 (TTY).
1. The Incentive Auction Task Force
(Task Force) and the Wireless
Telecommunications Bureau (Bureau)
announce the 108 megahertz spectrum
clearing target that has been set by the
Auction System’s optimization
procedure and the associated band plan
for Stage 3 of the incentive auction, as
well as the number of Category 1 and
Category 2 generic license blocks in
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each Partial Economic Area (PEA) that
will be offered in Stage 3 of the forward
auction. The Task Force and Bureau
also provide details and specific dates
regarding bidding and the continuing
availability of educational materials,
and remind reverse and forward auction
applicants of their continuing
obligations.
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I. Stage 3 Clearing Target and Band
Plan
2. The Auction System’s clearing
target determination procedure has set a
spectrum clearing target of 108
megahertz for Stage 3 of the incentive
auction. Under the band plan associated
with this spectrum clearing target, 80
megahertz, or 8 paired blocks, of
licensed spectrum will be offered in the
forward auction on a near-nationwide
basis.
3. The generic license blocks offered
in Stage 3 of the forward auction under
this band plan will consist of a total of
3,301 Category 1 blocks (zero to 15
percent impairment) and a total of two
Category 2 blocks (greater than 15
percent and up to 50 percent
impairment). Approximately 99.9
percent of the blocks offered will be
Category 1 blocks, and 99.9 percent of
the Category 1 blocks will be zero
percent impaired. Attached to the
Incentive Auction Stage 3 Clearing
Target Public Notice as Appendix A is
a list indicating the number of Category
1 and Category 2 blocks available in
each PEA.
4. The clearing target for Stage 3 was
determined by applying the procedure
the Commission adopted in the Auction
1000 Bidding Procedures Public Notice,
80 FR 61917, October 14, 2015, using
the same objectives as in the initial
clearing target optimization and taking
into account the additional channel in
the TV band and any participating
stations that have dropped out of the
auction in the previous stage. Based on
the new provisional television channel
assignment plan, the nationwide
impaired weighted-pops were
calculated on a 2x2 cell level and the
one-block-equivalent nationwide
standard for impairments was applied.
II. Important Information Concerning
the Reverse Auction (Auction 1001)
5. Educational Materials. The Task
Force and Bureau remind all reverse
auction bidders of the continuing
availability of Educational materials
regarding bidding in the clock phase of
the reverse auction on the Auction 1001
Web site under the Education section.
Specifically, such bidders are
encouraged to review the Reverse
Auction Clock Phase Tutorial and the
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Reverse Auction New Stage Tutorial
prior to the start of Stage 3 of the reverse
auction.
6. Accessing the Auction System for
Stage 3. Any bidder that had one or
more stations with the status ‘‘Frozen—
Provisionally Winning’’ at the end of the
previous stage will be able to log in to
the Reverse Auction Bidding System for
Stage 3. Starting at 10:00 a.m. Eastern
Time (ET) on October 26, 2016, such a
bidder can log in and view the bidding
status, and, where applicable, the
following information for Round 1 of
the new stage for each of the bidder’s
stations that qualified to participate in
the clock rounds of the reverse auction:
initial bid option, available bid options,
vacancy ranges, and clock price offers.
7. A bidder will need to use the RSA
SecurID® tokens (RSA tokens) it used
for placing bids in the previous stage to
access the Reverse Auction Bidding
System for Stage 3. RSA tokens with
previously set personal identification
numbers (PINs) may be used without
setting a new PIN. Any authorized
bidder that has not already set a PIN for
his or her designated RSA token (e.g., an
authorized bidder recently identified on
FCC Form 177 or one using a
replacement RSA token) must set a PIN
as described in the materials sent with
the Second Confidential Status Letter.
Each bidder will be able to access the
Reverse Auction Bidding System at the
same web address used during the
previous stage. In addition, the FCC
Auction Bidder Line phone number for
Stage 3 will be the same number used
for the previous stage. The Auction
Bidder Line will be available from 9:00
a.m. to 5:30 p.m. ET starting on October
31, 2016.
8. Returning RSA Tokens. Each bidder
that did not have any stations with the
status ‘‘Frozen—Provisionally Winning’’
at the end of the previous stage will be
sent a pre-addressed, stamped envelope
to return its RSA tokens.
9. Clocks Rounds Start Date and
Round Schedule. Bidding in the clock
rounds of Stage 3 of Auction 1001 will
begin on Tuesday, November 1, 2016,
with the following schedule: Bidding
Round (10:00 a.m.–2:00 p.m. ET). From
Wednesday, November 2, 2016, through
Friday, November 4, 2016, the schedule
will be: Bidding Round (10:00 a.m.–
12:00 p.m. ET) and Bidding Round (3:00
p.m.–5:00 p.m. ET). Starting on
Monday, November 7, 2016, and
continuing until further notice, the
schedule will be: Bidding Round (10.00
a.m.–11:00 a.m. ET); Bidding Round
(1:00 p.m.–2:00 p.m. ET); and Bidding
Round (4:00 p.m.–5:00 p.m. ET). There
will be no bidding on Friday, November
11, 2016, in observance of the Federal
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holiday. Bidding will resume on
Monday, November 14, 2016, using the
above three-round schedule until
further notice. The Bureau may adjust
the number and length of bidding
rounds based upon its monitoring of the
bidding and assessment of the reverse
auction’s progress. The Bureau will
provide notice of any adjustment by
announcement in the Reverse Auction
Bidding System during the course of the
auction.
10. Reset Base Clock Price and Clock
Decrement for Round 1 of Stage 3. The
base clock price has been reset to $900
per unit of volume for Stage 3 of the
reverse auction. The price decrement for
Round 1 of Stage 3 of the reverse
auction will be five percent of the reset
base clock price.
III. Important Information Concerning
the Forward Auction (Auction 1002)
11. Bidding in Stage 3. On the next
business day after Stage 3 of the reverse
auction concludes, the Task Force and
Bureau will announce the initial
bidding schedule for Stage 3 of the
forward auction in the Forward Auction
Bidding System and in the Incentive
Auction Public Reporting System (PRS),
including the date and time of the first
round of bidding. Bidding in Stage 3 of
the forward auction will begin no later
than three business days after this
announcement. Each bidder is strongly
encouraged to regularly monitor the PRS
for announcements and other important
information related to bidding in Stage
3 of the forward auction. The PRS can
be accessed directly at
auctiondata.fcc.gov and from a link
under the Results section of the Auction
1001 Web site (www.fcc.gov/auctions/
1001) and the Auction 1002 Web site
(www.fcc.gov/auctions/1002).
12. Accessing the Forward Auction
Bidding System in Stage 3. Any bidder
that is eligible to bid in Stage 3 of the
forward auction will be able to access
the Forward Auction Bidding System
beginning at 10:00 a.m. ET on October
31, 2016. An eligible bidder can log in
to the Forward Auction Bidding System
using the same RSA tokens, web
address, and instructions provided in
the bidder registration materials it
received prior to the start of Stage 1 of
the forward auction. Upon logging in to
this system, a bidder can download
detailed impairment information for
Stage 3 as well as the stage transition
files. The detailed impairment
information and bidder-specific
information, including stage transition
files and bidding information from
previous stages, are non-public and are
provided only to eligible bidders to help
guide their bidding in Stage 3 of the
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forward auction. This information will
not be disclosed publicly until after the
auction concludes. Any bidder with
zero eligibility by the end of Stage 2 will
not be eligible to bid in Stage 3 of the
forward auction.
13. Returning RSA Tokens. Each
bidder that is no longer eligible to
participate in the forward auction (i.e.,
any bidder that has zero eligibility by
the end of Stage 2) will be sent a preaddressed, stamped envelope to return
its RSA tokens.
14. Activity Rule for Round 1 of Stage
3. Starting in the first round of Stage 3,
each bidder must be active on at least
95 percent of its bidding eligibility to
maintain its bidding eligibility for the
next round. Any changes to the activity
requirement in subsequent rounds will
be announced via the Forward Auction
Bidding System. Prior to the start of
Stage 3 of the forward auction, a bidder
may view its initial eligibility and
required activity for Round 1 by
downloading the My Bidder Status file
under the Bid/Status tab of the
Downloads screen.
15. Clock Increment for Round 1 of
Stage 3. An increment of five percent
will be used to set clock prices for
products in Round 1 of Stage 3 of the
forward auction. Prior to the
announcement of the forward auction
bidding schedule for Stage 3, a bidder
may view the clock prices for Round 1
by downloading the Sample Bids file in
the Forward Auction Bidding System.
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IV. Public Reporting System
16. As was the case for previous
stages of the incentive auction, publicly
available bidding and timing
information for Stage 3 of the reverse
auction and the forward auction will be
accessible through the PRS. The PRS
will display the same types of bidding
and other information for Stage 3 as was
available for previous stages. For more
information about the types of bidding
and other information available in the
PRS, please see the Public Reporting
System Public Notice.
V. Bidding Contingency Plan
17. The Task Force and Bureau
remind each bidder that it should
maintain and continue to refine as
necessary a comprehensive contingency
plan that can be quickly implemented in
case difficulties arise when participating
in the incentive auction. While the
Commission will correct any problems
with Commission-controlled facilities,
each bidder is solely responsible for
anticipating and overcoming problems
such as bidder computer failures or
other technical issues, loss of or
problems with data connections
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(including those used to access and
place bids in the Reverse Auction
Bidding System or the Forward Auction
Bidding System), telephone service
interruptions, adverse local weather
conditions, unavailability of its
authorized bidders, or the loss or breach
of confidential security codes.
A bidder should ensure that each of
its authorized bidders can access and
place bids in the Reverse Auction
Bidding System or Forward Auction
Bidding System, and it should not rely
upon the same computer or data
connection to do so. Contingency plans
should include arrangements for
accessing and placing bids in the
Reverse Auction Bidding System or the
Forward Auction Bidding System from
one or more alternative locations. A
bidder’s contingency plans might also
include, among other arrangements,
using the Auction Bidder Line as an
alternative method of bidding in the
incentive auction.
18. Each reverse auction bidder is
further reminded that a failure to submit
a bid for a station with the status
‘‘Bidding’’ is considered to be a missing
bid and will be interpreted as a bid to
drop out of the auction. The Reverse
Auction Bidding System will
automatically submit a bid to drop out
of the auction for all stations with
missing bids. The status of a station that
bids to drop out of the auction will be
‘‘Exited—Voluntarily’’ once bid
processing is complete for the round
(unless the station first becomes frozen).
Once a station has the status ‘‘Exited,’’
a bidder cannot bid for the station in
any subsequent round or stage.
19. The Task Force and Bureau
remind each forward auction bidder that
its failure to submit a bid during a clock
round will be considered a ‘‘missing’’
bid and will be treated as a bid for zero
blocks, at the lowest price in the price
range for the round, for any products in
which the bidder had processed
demand from the previous round. If
there is insufficient excess demand, the
‘‘missing’’ bid may be partially applied
or not applied at all and the bidder will
continue to have processed demand for
the product in the next round. If the
‘‘missing’’ bid is partially or fully
applied, that bidder’s eligibility may be
irrevocably reduced in the next round.
VI. Continuing Obligations
20. Due Diligence. The Task Force and
Bureau remind each reverse and
forward auction bidder that it is solely
responsible throughout the auction for
investigating and evaluating all legal,
technical, and marketplace factors and
risks that may have a bearing on the
bid(s) it submits in the incentive
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75057
auction. For more information, each
bidder should review the Auction 1000
Application Procedures Public Notice,
80 FR 66429, October 29, 2015.
21. Prohibited Communications
Reminder. The Task Force and Bureau
remind all full power and Class A
broadcast television licensees, as well as
forward auction applicants, that they
remain subject to the Commission’s
rules prohibiting certain
communications in connection with
Commission auctions. For
communications among broadcasters,
and between broadcasters and forward
auction applicants, the prohibited
communication period ends when the
results of the incentive auction are
announced by public notice. For
communications among forward auction
applicants, the period ends on the
deadline for making down payments on
winning bids. A party that is subject to
the prohibition remains subject to the
prohibition regardless of developments
during the auction process.
22. The Task Force and Bureau
further remind each full power and
Class A broadcast television licensee
that even though communicating
whether or not a party filed an
application to participate in the reverse
auction does not violate the rules
prohibiting certain communications,
communicating that a party ‘‘is not
bidding’’ in or has ‘‘exited’’ the reverse
auction could constitute an apparent
violation that needs to be reported. All
forward auction applicants, including
those that did not qualify to bid and
those that have since lost eligibility to
bid in the forward auction, are also
reminded that they remain subject to the
rules prohibiting certain
communications until the deadline for
making down payments on winning
bids.
23. The Commission’s rules require
covered parties to report violations of
the prohibition of certain
communications to Margaret W. Wiener,
Chief of the Auctions and Spectrum
Access Division, Wireless
Telecommunications Bureau, by the
most expeditious means available. Any
such report should be submitted by
email to Ms. Wiener at the following
email address: auction1000@fcc.gov.
Any report in hard copy must be
delivered only to Margaret W. Wiener,
Chief, Auctions and Spectrum Access
Division, Wireless Telecommunications
Bureau, Federal Communications
Commission, 445 12th Street SW.,
Washington, DC 20554. Failure to make
a timely report under the rule
constitutes a continuing violation of the
rule, with attendant consequences.
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24. For a thorough discussion of the
prohibition of certain communications
during the incentive auction, please
refer to the Prohibited Communications
Public Notice, 80 FR 63216, October 19,
2015.
25. Making Modifications to
Applications. The Task Force and
Bureau remind each reverse and
forward auction applicant that the
Commission’s rules require an applicant
to maintain the accuracy and
completeness of information furnished
in its application to participate in
Auctions 1001 and 1002, respectively.
Each applicant should amend its
application to furnish additional or
corrected information within five days
of a significant occurrence, or no more
than five days after the applicant
becomes aware of the need for an
amendment. Any applicant that needs
to make changes must do so using the
procedures described in the Auction
1000 Application Procedures Public
Notice and the Auction 1002 Qualified
Bidders Public Notice.
26. To make changes to its FCC Form
177 or FCC Form 175 while the Auction
System is available, the applicant must
make those changes electronically using
the Auction System and submit a letter
briefly summarizing the changes to its
FCC Form 177 by email to
auction1001@fcc.gov, or to its FCC Form
175 by email to auction1002@fcc.gov.
To make changes at a time when the
Auction System is unavailable, the
applicant must make those changes
using the procedures described in the
Auction 1000 Application Procedures
Public Notice. All changes are subject to
review by Commission staff.
Federal Communications Commission.
Gary D. Michaels,
Deputy Chief, Auctions and Spectrum Access
Division, WTB.
[Docket No. OP–1552]
Sinthorntham, Senior Financial Analyst,
(202) 452–2864, Division of Reserve
Bank Operations and Payment Systems.
For users of Telecommunications
Device for the Deaf (TDD) only, please
call (202) 263–4869. Copies of the 2017
fee schedules for the check service are
available from the Board, the Federal
Reserve Banks, or the Reserve Banks’
financial services Web site at
www.frbservices.org.
Federal Reserve Bank Services
SUPPLEMENTARY INFORMATION:
AGENCY:
Board of Governors of the
Federal Reserve System.
ACTION: Notice.
I. Private Sector Adjustment Factor,
Priced Services Cost Recovery, and
Overview of 2017 Price Changes
The Board of Governors of the
Federal Reserve System (Board) has
approved the private sector adjustment
factor (PSAF) for 2017 of $16.6 million
and the 2017 fee schedules for Federal
Reserve priced services and electronic
access. These actions were taken in
accordance with the Monetary Control
Act of 1980, which requires that, over
the long run, fees for Federal Reserve
priced services be established on the
basis of all direct and indirect costs,
including the PSAF.
DATES: The new fee schedules become
effective January 3, 2017.
FOR FURTHER INFORMATION CONTACT: For
questions regarding the fee schedules:
Susan V. Foley, Senior Associate
Director, (202) 452–3596; Linda Healey,
Senior Financial Services Analyst, (202)
452–5274, Division of Reserve Bank
Operations and Payment Systems. For
questions regarding the PSAF: Gregory
L. Evans, Deputy Associate Director,
(202) 452–3945; Lawrence Mize, Deputy
Associate Director, (202) 452–5232; Max
A. Overview—Each year, as required
by the Monetary Control Act of 1980,
the Reserve Banks set fees for priced
services provided to depository
institutions. These fees are set to
recover, over the long run, all direct and
indirect costs and imputed costs,
including financing costs, taxes, and
certain other expenses, as well as the
return on equity (profit) that would have
been earned if a private business firm
provided the services. The imputed
costs and imputed profit are collectively
referred to as the PSAF. From 2006
through 2015, the Reserve Banks
recovered 102.6 percent of their total
expenses (including imputed costs) and
targeted after-tax profits or return on
equity (ROE) for providing priced
services.1
Table 1 summarizes 2015 actual, 2016
estimated, and 2017 budgeted costrecovery rates for all priced services.
Cost recovery is estimated to be 103.6
percent in 2016 and budgeted to be
100.0 percent in 2017.
[FR Doc. 2016–26196 Filed 10–27–16; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL RESERVE SYSTEM
SUMMARY:
TABLE 1—AGGREGATE PRICED SERVICES PRO FORMA COST AND REVENUE PERFORMANCE A
[Dollars in millions]
1b
Revenue
Year
2c
Total expense
3
Net income
(ROE)
4d
Targeted ROE
[1–2]
2015 (actual) ........................................................................
2016 (estimate) ....................................................................
2017 (budget) .......................................................................
429.1
432.5
439.4
397.8
413.3
434.8
5e
Recovery rate
after targeted
ROE
(%)
[1/(2+4)]
31.3
19.1
4.6
5.6
4.1
4.6
106.4
103.6
100.0
a Calculations
in this table and subsequent pro forma cost and revenue tables may be affected by rounding.
includes imputed income on investments when equity is imputed at a level that meets minimum capital requirements and, when
combined with liabilities, exceeds total assets.
c The calculation of total expense includes operating, imputed, and other expenses. Imputed and other expenses include taxes, Board of Governors’ priced services expenses, the cost of float, and interest on imputed debt, if any. Credits or debits related to the accounting for pension
plans under FAS 158 [ASC 715] are also included.
d Targeted ROE is the after-tax ROE included in the PSAF.
mstockstill on DSK3G9T082PROD with NOTICES
b Revenue
1 The 10-year recovery rate is based on the pro
forma income statements for Federal Reserve priced
services published in the Board’s Annual Report.
Effective December 31, 2006, the Reserve Banks
implemented the Financial Accounting Standard
Board’s (FASB) Statement of Financial Accounting
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Standards (SFAS) No. 158, Employers’ Accounting
for Defined Benefit Pension and Other
Postretirement Plans (codified in FASB Accounting
Standards Codification (ASC) Topic 715 (ASC 715),
Compesation-Retirement Benefits), which resulted
in recognizing a cumulative reduction in equity
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related to the priced services’ benefit plans.
Including this cumulative reduction in equity from
2006 to 2015 results in cost recovery of 92.8 percent
for the ten-year period. This measure of long-run
cost recovery is also published in the Board’s
Annual Report.
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28OCN1
Agencies
[Federal Register Volume 81, Number 209 (Friday, October 28, 2016)]
[Notices]
[Pages 75055-75058]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-26196]
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FEDERAL COMMUNICATIONS COMMISSION
[GN Docket No. 12-268; AU Docket No. 14-252; WT Docket No. 12-269; DA
16-1213]
Clearing Target of 108 Megahertz Set for Stage 3 of the Broadcast
Television Spectrum Incentive Auction; Stage 3 Bidding in the Reverse
Auction Will Start on November 1, 2016
AGENCY: Federal Communications Commission.
ACTION: Notice.
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SUMMARY: The Incentive Auction Task Force and Wireless
Telecommunications Bureau announce the spectrum clearing target of 108
megahertz and band plan for Stage 3 of the incentive auction, and that
bidding in Stage 3 of the reverse auction is scheduled to begin on
November 1, 2016. This document also announces details and dates
regarding bidding and the availability of educational and informational
materials for reverse and forward auction bidders eligible to
participate in Stage 3; the availability of Stage 3 bidding and timing
information in the Incentive Auction Public Reporting System; and the
importance of bidder contingency plans. Finally, this document reminds
each reverse and forward auction applicant of its continuing
obligations under the FCC's rules.
FOR FURTHER INFORMATION CONTACT: Wireless Telecommunications Bureau,
Auctions and Spectrum Access Division: For general auction questions,
contact Linda Sanderson at (717) 338-2868. For reverse auction or
forward auction legal questions, refer to the contact information
listed in the Incentive Auction Stage 3 Clearing Target Public Notice.
SUPPLEMENTARY INFORMATION: This is a summary of the Incentive Auction
Stage 3 Clearing Target Public Notice, GN Docket No. 12-268, AU Docket
No. 14-252, WT Docket No. 12-269, DA 16-1213, released October 25,
2016. The complete text of the Incentive Auction Stage 3 Clearing
Target Public Notice is available for public inspection and copying
from 8:00 a.m. to 4:30 p.m. Eastern Time (ET) Monday through Thursday
or from 8:00 a.m. to 11:30 a.m. ET on Fridays in the FCC Reference
Information Center, 445 12th Street SW., Room CY-A257, Washington, DC
20554. The complete text is also available on the Commission's Web site
at https://wireless.fcc.gov, the Auction 1000 Web site at https://www.fcc.gov/auctions/1000, or by using the search function on the ECFS
Web page at https://www.fcc.gov/cgb/ecfs/. Alternative formats are
available to persons with disabilities by sending an email to
FCC504@fcc.gov or by calling the Consumer & Governmental Affairs Bureau
at (202) 418-0530 (voice), (202) 418-0432 (TTY).
1. The Incentive Auction Task Force (Task Force) and the Wireless
Telecommunications Bureau (Bureau) announce the 108 megahertz spectrum
clearing target that has been set by the Auction System's optimization
procedure and the associated band plan for Stage 3 of the incentive
auction, as well as the number of Category 1 and Category 2 generic
license blocks in
[[Page 75056]]
each Partial Economic Area (PEA) that will be offered in Stage 3 of the
forward auction. The Task Force and Bureau also provide details and
specific dates regarding bidding and the continuing availability of
educational materials, and remind reverse and forward auction
applicants of their continuing obligations.
I. Stage 3 Clearing Target and Band Plan
2. The Auction System's clearing target determination procedure has
set a spectrum clearing target of 108 megahertz for Stage 3 of the
incentive auction. Under the band plan associated with this spectrum
clearing target, 80 megahertz, or 8 paired blocks, of licensed spectrum
will be offered in the forward auction on a near-nationwide basis.
3. The generic license blocks offered in Stage 3 of the forward
auction under this band plan will consist of a total of 3,301 Category
1 blocks (zero to 15 percent impairment) and a total of two Category 2
blocks (greater than 15 percent and up to 50 percent impairment).
Approximately 99.9 percent of the blocks offered will be Category 1
blocks, and 99.9 percent of the Category 1 blocks will be zero percent
impaired. Attached to the Incentive Auction Stage 3 Clearing Target
Public Notice as Appendix A is a list indicating the number of Category
1 and Category 2 blocks available in each PEA.
4. The clearing target for Stage 3 was determined by applying the
procedure the Commission adopted in the Auction 1000 Bidding Procedures
Public Notice, 80 FR 61917, October 14, 2015, using the same objectives
as in the initial clearing target optimization and taking into account
the additional channel in the TV band and any participating stations
that have dropped out of the auction in the previous stage. Based on
the new provisional television channel assignment plan, the nationwide
impaired weighted-pops were calculated on a 2x2 cell level and the one-
block-equivalent nationwide standard for impairments was applied.
II. Important Information Concerning the Reverse Auction (Auction 1001)
5. Educational Materials. The Task Force and Bureau remind all
reverse auction bidders of the continuing availability of Educational
materials regarding bidding in the clock phase of the reverse auction
on the Auction 1001 Web site under the Education section. Specifically,
such bidders are encouraged to review the Reverse Auction Clock Phase
Tutorial and the Reverse Auction New Stage Tutorial prior to the start
of Stage 3 of the reverse auction.
6. Accessing the Auction System for Stage 3. Any bidder that had
one or more stations with the status ``Frozen--Provisionally Winning''
at the end of the previous stage will be able to log in to the Reverse
Auction Bidding System for Stage 3. Starting at 10:00 a.m. Eastern Time
(ET) on October 26, 2016, such a bidder can log in and view the bidding
status, and, where applicable, the following information for Round 1 of
the new stage for each of the bidder's stations that qualified to
participate in the clock rounds of the reverse auction: initial bid
option, available bid options, vacancy ranges, and clock price offers.
7. A bidder will need to use the RSA SecurID[supreg] tokens (RSA
tokens) it used for placing bids in the previous stage to access the
Reverse Auction Bidding System for Stage 3. RSA tokens with previously
set personal identification numbers (PINs) may be used without setting
a new PIN. Any authorized bidder that has not already set a PIN for his
or her designated RSA token (e.g., an authorized bidder recently
identified on FCC Form 177 or one using a replacement RSA token) must
set a PIN as described in the materials sent with the Second
Confidential Status Letter. Each bidder will be able to access the
Reverse Auction Bidding System at the same web address used during the
previous stage. In addition, the FCC Auction Bidder Line phone number
for Stage 3 will be the same number used for the previous stage. The
Auction Bidder Line will be available from 9:00 a.m. to 5:30 p.m. ET
starting on October 31, 2016.
8. Returning RSA Tokens. Each bidder that did not have any stations
with the status ``Frozen--Provisionally Winning'' at the end of the
previous stage will be sent a pre-addressed, stamped envelope to return
its RSA tokens.
9. Clocks Rounds Start Date and Round Schedule. Bidding in the
clock rounds of Stage 3 of Auction 1001 will begin on Tuesday, November
1, 2016, with the following schedule: Bidding Round (10:00 a.m.-2:00
p.m. ET). From Wednesday, November 2, 2016, through Friday, November 4,
2016, the schedule will be: Bidding Round (10:00 a.m.-12:00 p.m. ET)
and Bidding Round (3:00 p.m.-5:00 p.m. ET). Starting on Monday,
November 7, 2016, and continuing until further notice, the schedule
will be: Bidding Round (10.00 a.m.-11:00 a.m. ET); Bidding Round (1:00
p.m.-2:00 p.m. ET); and Bidding Round (4:00 p.m.-5:00 p.m. ET). There
will be no bidding on Friday, November 11, 2016, in observance of the
Federal holiday. Bidding will resume on Monday, November 14, 2016,
using the above three-round schedule until further notice. The Bureau
may adjust the number and length of bidding rounds based upon its
monitoring of the bidding and assessment of the reverse auction's
progress. The Bureau will provide notice of any adjustment by
announcement in the Reverse Auction Bidding System during the course of
the auction.
10. Reset Base Clock Price and Clock Decrement for Round 1 of Stage
3. The base clock price has been reset to $900 per unit of volume for
Stage 3 of the reverse auction. The price decrement for Round 1 of
Stage 3 of the reverse auction will be five percent of the reset base
clock price.
III. Important Information Concerning the Forward Auction (Auction
1002)
11. Bidding in Stage 3. On the next business day after Stage 3 of
the reverse auction concludes, the Task Force and Bureau will announce
the initial bidding schedule for Stage 3 of the forward auction in the
Forward Auction Bidding System and in the Incentive Auction Public
Reporting System (PRS), including the date and time of the first round
of bidding. Bidding in Stage 3 of the forward auction will begin no
later than three business days after this announcement. Each bidder is
strongly encouraged to regularly monitor the PRS for announcements and
other important information related to bidding in Stage 3 of the
forward auction. The PRS can be accessed directly at
auctiondata.fcc.gov and from a link under the Results section of the
Auction 1001 Web site (www.fcc.gov/auctions/1001) and the Auction 1002
Web site (www.fcc.gov/auctions/1002).
12. Accessing the Forward Auction Bidding System in Stage 3. Any
bidder that is eligible to bid in Stage 3 of the forward auction will
be able to access the Forward Auction Bidding System beginning at 10:00
a.m. ET on October 31, 2016. An eligible bidder can log in to the
Forward Auction Bidding System using the same RSA tokens, web address,
and instructions provided in the bidder registration materials it
received prior to the start of Stage 1 of the forward auction. Upon
logging in to this system, a bidder can download detailed impairment
information for Stage 3 as well as the stage transition files. The
detailed impairment information and bidder-specific information,
including stage transition files and bidding information from previous
stages, are non-public and are provided only to eligible bidders to
help guide their bidding in Stage 3 of the
[[Page 75057]]
forward auction. This information will not be disclosed publicly until
after the auction concludes. Any bidder with zero eligibility by the
end of Stage 2 will not be eligible to bid in Stage 3 of the forward
auction.
13. Returning RSA Tokens. Each bidder that is no longer eligible to
participate in the forward auction (i.e., any bidder that has zero
eligibility by the end of Stage 2) will be sent a pre-addressed,
stamped envelope to return its RSA tokens.
14. Activity Rule for Round 1 of Stage 3. Starting in the first
round of Stage 3, each bidder must be active on at least 95 percent of
its bidding eligibility to maintain its bidding eligibility for the
next round. Any changes to the activity requirement in subsequent
rounds will be announced via the Forward Auction Bidding System. Prior
to the start of Stage 3 of the forward auction, a bidder may view its
initial eligibility and required activity for Round 1 by downloading
the My Bidder Status file under the Bid/Status tab of the Downloads
screen.
15. Clock Increment for Round 1 of Stage 3. An increment of five
percent will be used to set clock prices for products in Round 1 of
Stage 3 of the forward auction. Prior to the announcement of the
forward auction bidding schedule for Stage 3, a bidder may view the
clock prices for Round 1 by downloading the Sample Bids file in the
Forward Auction Bidding System.
IV. Public Reporting System
16. As was the case for previous stages of the incentive auction,
publicly available bidding and timing information for Stage 3 of the
reverse auction and the forward auction will be accessible through the
PRS. The PRS will display the same types of bidding and other
information for Stage 3 as was available for previous stages. For more
information about the types of bidding and other information available
in the PRS, please see the Public Reporting System Public Notice.
V. Bidding Contingency Plan
17. The Task Force and Bureau remind each bidder that it should
maintain and continue to refine as necessary a comprehensive
contingency plan that can be quickly implemented in case difficulties
arise when participating in the incentive auction. While the Commission
will correct any problems with Commission-controlled facilities, each
bidder is solely responsible for anticipating and overcoming problems
such as bidder computer failures or other technical issues, loss of or
problems with data connections (including those used to access and
place bids in the Reverse Auction Bidding System or the Forward Auction
Bidding System), telephone service interruptions, adverse local weather
conditions, unavailability of its authorized bidders, or the loss or
breach of confidential security codes.
A bidder should ensure that each of its authorized bidders can
access and place bids in the Reverse Auction Bidding System or Forward
Auction Bidding System, and it should not rely upon the same computer
or data connection to do so. Contingency plans should include
arrangements for accessing and placing bids in the Reverse Auction
Bidding System or the Forward Auction Bidding System from one or more
alternative locations. A bidder's contingency plans might also include,
among other arrangements, using the Auction Bidder Line as an
alternative method of bidding in the incentive auction.
18. Each reverse auction bidder is further reminded that a failure
to submit a bid for a station with the status ``Bidding'' is considered
to be a missing bid and will be interpreted as a bid to drop out of the
auction. The Reverse Auction Bidding System will automatically submit a
bid to drop out of the auction for all stations with missing bids. The
status of a station that bids to drop out of the auction will be
``Exited--Voluntarily'' once bid processing is complete for the round
(unless the station first becomes frozen). Once a station has the
status ``Exited,'' a bidder cannot bid for the station in any
subsequent round or stage.
19. The Task Force and Bureau remind each forward auction bidder
that its failure to submit a bid during a clock round will be
considered a ``missing'' bid and will be treated as a bid for zero
blocks, at the lowest price in the price range for the round, for any
products in which the bidder had processed demand from the previous
round. If there is insufficient excess demand, the ``missing'' bid may
be partially applied or not applied at all and the bidder will continue
to have processed demand for the product in the next round. If the
``missing'' bid is partially or fully applied, that bidder's
eligibility may be irrevocably reduced in the next round.
VI. Continuing Obligations
20. Due Diligence. The Task Force and Bureau remind each reverse
and forward auction bidder that it is solely responsible throughout the
auction for investigating and evaluating all legal, technical, and
marketplace factors and risks that may have a bearing on the bid(s) it
submits in the incentive auction. For more information, each bidder
should review the Auction 1000 Application Procedures Public Notice, 80
FR 66429, October 29, 2015.
21. Prohibited Communications Reminder. The Task Force and Bureau
remind all full power and Class A broadcast television licensees, as
well as forward auction applicants, that they remain subject to the
Commission's rules prohibiting certain communications in connection
with Commission auctions. For communications among broadcasters, and
between broadcasters and forward auction applicants, the prohibited
communication period ends when the results of the incentive auction are
announced by public notice. For communications among forward auction
applicants, the period ends on the deadline for making down payments on
winning bids. A party that is subject to the prohibition remains
subject to the prohibition regardless of developments during the
auction process.
22. The Task Force and Bureau further remind each full power and
Class A broadcast television licensee that even though communicating
whether or not a party filed an application to participate in the
reverse auction does not violate the rules prohibiting certain
communications, communicating that a party ``is not bidding'' in or has
``exited'' the reverse auction could constitute an apparent violation
that needs to be reported. All forward auction applicants, including
those that did not qualify to bid and those that have since lost
eligibility to bid in the forward auction, are also reminded that they
remain subject to the rules prohibiting certain communications until
the deadline for making down payments on winning bids.
23. The Commission's rules require covered parties to report
violations of the prohibition of certain communications to Margaret W.
Wiener, Chief of the Auctions and Spectrum Access Division, Wireless
Telecommunications Bureau, by the most expeditious means available. Any
such report should be submitted by email to Ms. Wiener at the following
email address: auction1000@fcc.gov. Any report in hard copy must be
delivered only to Margaret W. Wiener, Chief, Auctions and Spectrum
Access Division, Wireless Telecommunications Bureau, Federal
Communications Commission, 445 12th Street SW., Washington, DC 20554.
Failure to make a timely report under the rule constitutes a continuing
violation of the rule, with attendant consequences.
[[Page 75058]]
24. For a thorough discussion of the prohibition of certain
communications during the incentive auction, please refer to the
Prohibited Communications Public Notice, 80 FR 63216, October 19, 2015.
25. Making Modifications to Applications. The Task Force and Bureau
remind each reverse and forward auction applicant that the Commission's
rules require an applicant to maintain the accuracy and completeness of
information furnished in its application to participate in Auctions
1001 and 1002, respectively. Each applicant should amend its
application to furnish additional or corrected information within five
days of a significant occurrence, or no more than five days after the
applicant becomes aware of the need for an amendment. Any applicant
that needs to make changes must do so using the procedures described in
the Auction 1000 Application Procedures Public Notice and the Auction
1002 Qualified Bidders Public Notice.
26. To make changes to its FCC Form 177 or FCC Form 175 while the
Auction System is available, the applicant must make those changes
electronically using the Auction System and submit a letter briefly
summarizing the changes to its FCC Form 177 by email to
auction1001@fcc.gov, or to its FCC Form 175 by email to
auction1002@fcc.gov. To make changes at a time when the Auction System
is unavailable, the applicant must make those changes using the
procedures described in the Auction 1000 Application Procedures Public
Notice. All changes are subject to review by Commission staff.
Federal Communications Commission.
Gary D. Michaels,
Deputy Chief, Auctions and Spectrum Access Division, WTB.
[FR Doc. 2016-26196 Filed 10-27-16; 8:45 am]
BILLING CODE 6712-01-P