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12702 Federal Register / Vol. 71, No.

48 / Monday, March 13, 2006 / Notices

In the Part 1 Third Report and Order, 65 auctions process and impede the assets or the ownership of, control of, or
FR 13540, May 27, 1997, the deployment of service to the public, and the power to vote shares of a bank or
Commission explained that allowing bid an additional default payment of more bank holding company and all of the
withdrawals may facilitate efficient than the previous 3 percent will be more banks and nonbanking companies
aggregation of licenses and the pursuit effective in deterring defaults. Because owned by the bank holding company,
of efficient backup strategies as there are limited opportunities to including the companies listed below.
information becomes available during provide general aviation air-ground The applications listed below, as well
the course of an auction. In Auction No. service, defaults in this auction could as other related filings required by the
67, because bidders may bid only on potentially deprive the public of service Board, are available for immediate
licenses for which they previously in a particular locale, or at a minimum inspection at the Federal Reserve Bank
submitted an application on FCC Form significantly delay such service. In light indicated. The application also will be
601, it is unlikely that bidders will need of this circumstance, the Bureau available for inspection at the offices of
to use withdrawals as anticipated by the proposes an additional default payment the Board of Governors. Interested
Part 1 Third Report and Order. of 10 percent of the relevant bid. The persons may express their views in
Accordingly, for this auction, the Bureau seeks comment on this proposal. writing on the standards enumerated in
Bureau proposes that bidders not be the BHC Act (12 U.S.C. 1842(c)). If the
V. Conclusion
permitted to withdraw bids placed in proposal also involves the acquisition of
any round after it has closed. The 43. Comments are due on or before a nonbanking company, the review also
Bureau seeks comment on these March 20, 2006, and reply comments includes whether the acquisition of the
proposals. are due on or before March 27, 2006. All nonbanking company complies with the
filings related to the auction of 400 MHz standards in section 4 of the BHC Act
C. Post-Auction Procedures Air-Ground Radiotelephone Service (12 U.S.C. 1843). Unless otherwise
i. Default and Disqualification licenses should refer to AU Docket No. noted, nonbanking activities will be
06–38. Comments may be submitted conducted throughout the United States.
40. Any winning bidder that defaults using the Commission’s Electronic Additional information on all bank
or is disqualified after the close of an Comment Filing System (ECFS) or by holding companies may be obtained
auction (i.e., fails to remit the required filing paper copies. The Bureau strongly from the National Information Center
down payment within the prescribed encourages interested parties to file website at www.ffiec.gov/nic/.
period of time, fails to submit a timely comments electronically, and requests Unless otherwise noted, comments
long-form application, fails to make full submission of a copy via the Auction regarding each of these applications
payment, or is otherwise disqualified) is No. 67 e-mail box (auction67@fcc.gov). must be received at the Reserve Bank
liable for a default payment under 47 44. This proceeding has been indicated or the offices of the Board of
CFR 1.2104(g)(2). This payment consists designated as a permit-but-disclose Governors not later than April 6, 2006.
of a deficiency payment, equal to the proceeding in accordance with the A. Federal Reserve Bank of
difference between the amount of the Commission’s ex parte rules. Persons Minneapolis (Jacqueline G. King,
bidder’s bid and the amount of the making oral ex parte presentations are Community Affairs Officer) 90
winning bid the next time a license reminded that memoranda summarizing Hennepin Avenue, Minneapolis,
covering the same spectrum is won in the presentations must contain Minnesota 55480-0291:
an auction, plus an additional payment summaries of the substance of the 1. Lake Bank Shares, Inc., Employee
equal to a percentage of the defaulter’s presentations and not merely a listing of Stock Ownership Plan, Emmons,
bid or of the subsequent winning bid, the subjects discussed. More than a one Minnesota; to increase its ownership of
whichever is less. Until recently this or two sentence description of the views Lake Bank Shares, Inc., Emmons,
additional payment for non- and arguments presented is generally Minnesota from 35.68 percent to 65.67
combinatorial auctions has been set at 3 required. Other rules pertaining to oral percent, and thereby indirectly acquire
percent of the defaulter’s bid or of the and written ex parte presentations in Security Bank of Minnesota, Albert Lea,
subsequent winning bid, whichever is permit-but-disclose proceedings are set Minnesota.
less. forth in 47 CFR 1.1206(b) of the
41. On January 24, 2006, the Board of Governors of the Federal Reserve
Commission’s rules. System, March 7, 2006.
Commission released the CSEA/Part 1 Federal Communications Commission. Robert deV. Frierson,
Report and Order, 71 FR 6214, February Gary D. Michaels,
7, 2006, in which it modified 47 CFR Deputy Secretary of the Board.
Deputy Chief, Auctions and Spectrum Access [FR Doc. E6–3510 Filed 3–10–06; 8:45 am]
1.2104(g)(2) by, inter alia, increasing the Division.
3 percent limit on the additional default BILLING CODE 6210–01–S
[FR Doc. 06–2416 Filed 3–10–06; 8:45 am]
payment for non-combinatorial auctions
BILLING CODE 6712–01–P
to 20 percent. Under the modified rule,
the Commission will, in advance of each FEDERAL RESERVE SYSTEM
non-combinatorial auction, establish an Formations of, Acquisitions by, and
additional default payment for that FEDERAL RESERVE SYSTEM
Mergers of Bank Holding Companies
auction of 3 percent up to a maximum Formations of, Acquisitions by, and
of 20 percent. As the Commission has The companies listed in this notice
Mergers of Bank Holding Companies
indicated, the level of this payment in have applied to the Board for approval,
each case will be based on the nature of The companies listed in this notice pursuant to the Bank Holding Company
the service and the inventory of the have applied to the Board for approval, Act of 1956 (12 U.S.C. 1841 et seq.)
licenses being offered. pursuant to the Bank Holding Company (BHC Act), Regulation Y (12 CFR Part
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42. For Auction No. 67, the Bureau Act of 1956 (12 U.S.C. 1841 et seq.) 225), and all other applicable statutes
proposes to establish an additional (BHC Act), Regulation Y (12 CFR Part and regulations to become a bank
default payment of 10 percent. As noted 225), and all other applicable statutes holding company and/or to acquire the
in the CSEA/Part 1 Report and Order, and regulations to become a bank assets or the ownership of, control of, or
defaults weaken the integrity of the holding company and/or to acquire the the power to vote shares of a bank or

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Federal Register / Vol. 71, No. 48 / Monday, March 13, 2006 / Notices 12703

bank holding company and all of the other company, in a nonbanking activity publish periodic summaries of proposed
banks and nonbanking companies that is listed in § 225.28 of Regulation Y projects to be submitted to the Office of
owned by the bank holding company, (12 CFR 225.28) or that the Board has Management and Budget (OMB) for
including the companies listed below. determined by Order to be closely review and approval.
The applications listed below, as well related to banking and permissible for
as other related filings required by the Proposed Collection
bank holding companies. Unless
Board, are available for immediate otherwise noted, these activities will be Title: Outcome Evaluation of NCI’s
inspection at the Federal Reserve Bank conducted throughout the United States. Activities to Promote Research
indicated. The application also will be Each notice is available for inspection Collaboration (APRC) Program.
available for inspection at the offices of at the Federal Reserve Bank indicated. Type of Information Collection
the Board of Governors. Interested The notice also will be available for Request: NEW.
persons may express their views in inspection at the offices of the Board of Need and Use of Information
writing on the standards enumerated in Governors. Interested persons may Collection: The purpose of this study is
the BHC Act (12 U.S.C. 1842(c)). If the express their views in writing on the to systematically assess the extent to
proposal also involves the acquisition of question whether the proposal complies which NCI’s Activities to Promote
a nonbanking company, the review also with the standards of section 4 of the Research Collaborations (APRC)
includes whether the acquisition of the BHC Act. Additional information on all program has been successful in
nonbanking company complies with the bank holding companies may be accomplishing its intended goals of (1)
standards in section 4 of the BHC Act obtained from the National Information capacity building and (2) generating
(12 U.S.C. 1843). Unless otherwise Center website at www.ffiec.gov/nic/. innovative advances. The innovative
noted, nonbanking activities will be Unless otherwise noted, comments advances outcome analysis will answer
conducted throughout the United States. regarding the applications must be the question of whether APRC projects
Additional information on all bank received at the Reserve Bank indicated resulted in promising, novel concepts
holding companies may be obtained or the offices of the Board of Governors and advances in cancer research. The
from the National Information Center not later than March 28, 2006. capacity building outcome analysis will
website at www.ffiec.gov/nic/. A. Federal Reserve Bank of Boston determine whether participation in the
Unless otherwise noted, comments (Richard Walker, Community Affairs APRC program has enabled the program
regarding each of these applications Officer) P.O. Box 55882, Boston, participants to successfully integrate
must be received at the Reserve Bank Massachusetts 02106-2204 interdisciplinary approaches in their
indicated or the offices of the Board of 1. Boston Private Financial Holdings, scientific investigations and enhanced
Governors not later than April 7, 2006. Inc., Boston, Massachusetts; to acquire their ability to pursue other
A. Federal Reserve Bank of San 100 percent of the voting shares of collaborative research activities. The
Francisco (Tracy Basinger, Director, Anchor Capital Holdings LLC, Boston, study will involve interviewing former
Regional and Community Bank Group) Massachusetts, and thereby indirectly APRC-funded researchers. The
101 Market Street, San Francisco, acquire Anchor Capital Advisors LLC evaluation results will provide DCB
California 94105-1579: and Anchor/Russell Capital Advisors with the information to make quality
1. Towne Bancorp, Inc., Mesa, LLC, both of Boston, Massachusetts, and improvements to the APRC program and
Arizona; to become a bank holding thereby engage in financial and enhance program performance in
company by acquiring 100 percent of investment advisory activities pursuant generating significant outcomes. It will
Towne Bank of Arizona, Mesa, Arizona. to section 225.28(b)(6) of Regulation Y. also strengthen our understanding of the
Board of Governors of the Federal Reserve Board of Governors of the Federal Reserve value of collaborative and
System, March 8, 2006. System, March 8, 2006. interdisciplinary research and inform
Robert deV. Frierson, Robert deV. Frierson, NCI’s approach to supporting and
Deputy Secretary of the Board. Deputy Secretary of the Board. encouraging scientific collaboration
[FR Doc. E6–3515 Filed 3–10–06; 8:45 am] [FR Doc. E6–3514 Filed 3–10–06; 8:45 am] among researchers from multiple
BILLING CODE 6210–01–S BILLING CODE 6210–01–S disciplines in the future.
Frequency of Response: One time.
Affected Public: Individuals; scientific
FEDERAL RESERVE SYSTEM DEPARTMENT OF HEALTH AND and research communities.
HUMAN SERVICES Type of Respondents: Researchers.
Notice of Proposals to Engage in The annual reporting burden is as
Permissible Nonbanking Activities or National Institutes of Health follows:
to Acquire Companies that are Estimated Number of Respondents:
Engaged in Permissible Nonbanking Proposed Collection; Comment 250;
Activities Request; Outcome Evaluation of NCI’s Estimated Number of Responses per
Activities To Promote Research Respondent: 1;
The companies listed in this notice
Collaboration (APRC) Program Average Burden Hours per Response:
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C. SUMMARY: In compliance with the .5; and
1843) (BHC Act) and Regulation Y (12 requirement of Section 3506(c)(2)(A) of Estimated Total Annual Burden
CFR Part 225) to engage de novo, or to the Paperwork Reduction Act of 1995, Hours Requested: 125.
acquire or control voting securities or for opportunity for public comment on The annualized cost to respondents is
assets of a company, including the proposed data collection projects, the estimated at: $4034. There are no
companies listed below, that engages National Cancer Institute (NCI), the Capital Costs, Operating Costs, and/or
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either directly or through a subsidiary or National Institutes of Health (NIH) will Maintenance Costs to report.

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