66370 Federal Register / Vol. 62, No. 243 / Thursday, December 18, 1997 / Notices
requirement of Title II of the
Communications Act of 1934, as
amended, is that ‘‘all charges for and in
connection with interstate
communication service, shall be just
and reasonable.’’ This provision
safeguards consumers against rates that
are unreasonably high and guarantees
carriers that they will not be required to
charge rates that are so low as to be
confiscatory. Carriers under the
Commission’s jurisdiction must be
allowed to recover the reasonable costs
of providing service to ratepayers,
including reasonable and prudent
expenses and a fair return on
investment. Obligation to respond:
Mandatory.
OMB Control No.: 3060–0760.
Expiration Date: 05/31/98.
Title: Access Charge Reform, CC
Docket No. 96–262 (First Report and
Order); Second Order on
Reconsideration and Memorandum
Opinion and Order; and Third Report
and Order.
Form No.: N/A.
Respondents: Business or other for
profit.
Estimated Annual Burden: 14
respondents; 129,001 hours per
response (avg); 1,806,018 total annual
burden hours (for all collections
approved under this control number).
Estimated Annual Reporting and
Recordkeeping Cost Burden: $33,000.
Frequency of Response: On occasion;
one-time requirement.
Description: In CC Docket No. 96–262,
the Commission adopted a Third Report
and Order. In the Third Report and
Order, FCC adopts, consistent with
principles of cost causation and
economic efficiency, that where price
cap LECs use general purpose
computers and other general support
facilities (GSF) to provide nonregulated
billing and collection services to
interexchange carriers, such GSF costs
should not be allocated to these LECs’
regulated access and interexchange
categories but, instead, should be
allocated to their nonregulated billing
and collection categories. In the Third
Report and Order, the Commission
requires affected price cap LECs to make
certain exogenous adjustments to their
respective price cap indices (PCIs) and
related basket indices. LECs affected by
this Order are those price cap LECs that
use regulated assets to provide
nonregulated billing and collection
services to interexchange carriers. For
the purposes of estimating the
information collection burdens for the
Third Report and Order, we assume all
price cap LECs are affected by the
Order. Such LECs must determine the
amount of GSF costs that they allocated
to their respective access and
interexchange categories during 1996
and then calculate the amount of such
costs that would have been allocated to
those categories during that year if the
rule changes adopted in the Third
Report and Order had been in effect at
that time. Once that difference is
determined, each affected price cap LEC
is required to make an exogenous
adjustment to its PCIs and related basket
indices to prevent the earlier
misallocation of these costs from
continuing to inflate the rates charges
for regulated services. Separate from the
possible tariff filing burden described
below, we estimate that it would take
each of these price cap LECs four hours
to complete the steps necessary to
determine the amount of the exogenous
price cap index (PCI) and related basket
adjustments required by the Third
Report and Order. Because we assume
this particular burden applies to all 14
price cap LECs, we estimate the total
burden to be 56 hours. Under the Third
Report and Order, affected price cap
LECs are required to make tariff revision
filings on or before December 17, 1997,
to implement these exogenous price cap
adjustments. Because most of these 14
price cap LECs have not yet made such
filings, there should be little or no
additional tariff filing burden associated
with these LECs’ compliance with the
Third Report and Order. For the four
price cap LECs that have already made
access reform tariff filings under other
orders, we estimate that there will be an
additional tariff filing burden of 1272
hours for these LECs as a group.
Incremental burden associated with the
Third Report and Order in this
proceeding is as follows: No. of
respondents: 14; hours per response:
94.8; total annual burden: 1328.
Obligation to respond: Mandatory.
Public reporting burden for the
collections of information is as noted
above. Send comments regarding the
burden estimate or any other aspect of
the collections of information, including
suggestions for reducing the burden to
Performance Evaluation and Records
Management, Washington, D.C. 20554.
Federal Communications Commission.
Magalie Roman Salas,
Secretary.
[FR Doc. 97–33044 Filed 12–17–97; 8:45 am]
BILLING CODE 6712–01–U
FEDERAL DEPOSIT INSURANCE
CORPORATION
Alternative Dispute Resolution
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Policy statement.
SUMMARY: The FDIC has adopted a
Statement of Policy to further its
commitment to the use of Alternative
Dispute Resolution for resolving
appropriate disputes in a timely and
cost efficient manner and to comply
with the spirit of the Administrative
Dispute Resolution Act of 1996, Pub. L.
104–320.
EFFECTIVE DATE: December 9, 1997.
FOR FURTHER INFORMATION CONTACT:
James D. Hudson, Counsel (202) 736–
0581, Legal Division, Federal Deposit
Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The Board
of Directors of the FDIC has adopted a
Statement of Policy on Alternative
Dispute Resolution. The text of the
Policy Statement follows:
Statement of Policy on Alternative
Dispute Resolution
The Federal Deposit Insurance
Corporation (FDIC) has been and
continues to be committed to the use of
Alternative Dispute Resolution (ADR)
for resolving appropriate disputes in a
more timely, less costly manner than
litigation or administrative adjudication.
The FDIC hereby adopts this policy to
reiterate its commitment to ADR, to
express its full support for ADR and to
set forth a framework for the continuing
and expanding use of ADR. The
Corporation views ADR not as an end in
itself, but rather, as an additional tool to
accomplish its business efficiently,
economically and productively. To that
end, the FDIC believes that its ADR
policy should be dynamic and
continually developing.
The FDIC fully supports the cost-
effective use of ADR, including
negotiation, mediation, early neutral
evaluation, neutral expert fact-finding,
mini-trials and other hybrid forms of
ADR in appropriate instances. The
purpose of this policy is to use ADR in
appropriate instances to resolve
disputes at the earliest stage possible, by
the fastest and least expensive method
possible and at the lowest possible
organizational level consistent with
applicable delegations of authority.
The Deputy General Counsel for
Corporate Operations (or his/her
designee) serves as the Dispute
Resolution Specialist for the
Corporation. In addition, an ADR
Steering Committee, composed of the
Dispute Resolution Specialist (or his/her
designee) and representatives from each
Division and Office, was established by
the Board of Directors in 1994 to
coordinate and encourage appropriate
requirement of Title II of the
Communications Act of 1934, as
amended, is that ‘‘all charges for and in
connection with interstate
communication service, shall be just
and reasonable.’’ This provision
safeguards consumers against rates that
are unreasonably high and guarantees
carriers that they will not be required to
charge rates that are so low as to be
confiscatory. Carriers under the
Commission’s jurisdiction must be
allowed to recover the reasonable costs
of providing service to ratepayers,
including reasonable and prudent
expenses and a fair return on
investment. Obligation to respond:
Mandatory.
OMB Control No.: 3060–0760.
Expiration Date: 05/31/98.
Title: Access Charge Reform, CC
Docket No. 96–262 (First Report and
Order); Second Order on
Reconsideration and Memorandum
Opinion and Order; and Third Report
and Order.
Form No.: N/A.
Respondents: Business or other for
profit.
Estimated Annual Burden: 14
respondents; 129,001 hours per
response (avg); 1,806,018 total annual
burden hours (for all collections
approved under this control number).
Estimated Annual Reporting and
Recordkeeping Cost Burden: $33,000.
Frequency of Response: On occasion;
one-time requirement.
Description: In CC Docket No. 96–262,
the Commission adopted a Third Report
and Order. In the Third Report and
Order, FCC adopts, consistent with
principles of cost causation and
economic efficiency, that where price
cap LECs use general purpose
computers and other general support
facilities (GSF) to provide nonregulated
billing and collection services to
interexchange carriers, such GSF costs
should not be allocated to these LECs’
regulated access and interexchange
categories but, instead, should be
allocated to their nonregulated billing
and collection categories. In the Third
Report and Order, the Commission
requires affected price cap LECs to make
certain exogenous adjustments to their
respective price cap indices (PCIs) and
related basket indices. LECs affected by
this Order are those price cap LECs that
use regulated assets to provide
nonregulated billing and collection
services to interexchange carriers. For
the purposes of estimating the
information collection burdens for the
Third Report and Order, we assume all
price cap LECs are affected by the
Order. Such LECs must determine the
amount of GSF costs that they allocated
to their respective access and
interexchange categories during 1996
and then calculate the amount of such
costs that would have been allocated to
those categories during that year if the
rule changes adopted in the Third
Report and Order had been in effect at
that time. Once that difference is
determined, each affected price cap LEC
is required to make an exogenous
adjustment to its PCIs and related basket
indices to prevent the earlier
misallocation of these costs from
continuing to inflate the rates charges
for regulated services. Separate from the
possible tariff filing burden described
below, we estimate that it would take
each of these price cap LECs four hours
to complete the steps necessary to
determine the amount of the exogenous
price cap index (PCI) and related basket
adjustments required by the Third
Report and Order. Because we assume
this particular burden applies to all 14
price cap LECs, we estimate the total
burden to be 56 hours. Under the Third
Report and Order, affected price cap
LECs are required to make tariff revision
filings on or before December 17, 1997,
to implement these exogenous price cap
adjustments. Because most of these 14
price cap LECs have not yet made such
filings, there should be little or no
additional tariff filing burden associated
with these LECs’ compliance with the
Third Report and Order. For the four
price cap LECs that have already made
access reform tariff filings under other
orders, we estimate that there will be an
additional tariff filing burden of 1272
hours for these LECs as a group.
Incremental burden associated with the
Third Report and Order in this
proceeding is as follows: No. of
respondents: 14; hours per response:
94.8; total annual burden: 1328.
Obligation to respond: Mandatory.
Public reporting burden for the
collections of information is as noted
above. Send comments regarding the
burden estimate or any other aspect of
the collections of information, including
suggestions for reducing the burden to
Performance Evaluation and Records
Management, Washington, D.C. 20554.
Federal Communications Commission.
Magalie Roman Salas,
Secretary.
[FR Doc. 97–33044 Filed 12–17–97; 8:45 am]
BILLING CODE 6712–01–U
FEDERAL DEPOSIT INSURANCE
CORPORATION
Alternative Dispute Resolution
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Policy statement.
SUMMARY: The FDIC has adopted a
Statement of Policy to further its
commitment to the use of Alternative
Dispute Resolution for resolving
appropriate disputes in a timely and
cost efficient manner and to comply
with the spirit of the Administrative
Dispute Resolution Act of 1996, Pub. L.
104–320.
EFFECTIVE DATE: December 9, 1997.
FOR FURTHER INFORMATION CONTACT:
James D. Hudson, Counsel (202) 736–
0581, Legal Division, Federal Deposit
Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The Board
of Directors of the FDIC has adopted a
Statement of Policy on Alternative
Dispute Resolution. The text of the
Policy Statement follows:
Statement of Policy on Alternative
Dispute Resolution
The Federal Deposit Insurance
Corporation (FDIC) has been and
continues to be committed to the use of
Alternative Dispute Resolution (ADR)
for resolving appropriate disputes in a
more timely, less costly manner than
litigation or administrative adjudication.
The FDIC hereby adopts this policy to
reiterate its commitment to ADR, to
express its full support for ADR and to
set forth a framework for the continuing
and expanding use of ADR. The
Corporation views ADR not as an end in
itself, but rather, as an additional tool to
accomplish its business efficiently,
economically and productively. To that
end, the FDIC believes that its ADR
policy should be dynamic and
continually developing.
The FDIC fully supports the cost-
effective use of ADR, including
negotiation, mediation, early neutral
evaluation, neutral expert fact-finding,
mini-trials and other hybrid forms of
ADR in appropriate instances. The
purpose of this policy is to use ADR in
appropriate instances to resolve
disputes at the earliest stage possible, by
the fastest and least expensive method
possible and at the lowest possible
organizational level consistent with
applicable delegations of authority.
The Deputy General Counsel for
Corporate Operations (or his/her
designee) serves as the Dispute
Resolution Specialist for the
Corporation. In addition, an ADR
Steering Committee, composed of the
Dispute Resolution Specialist (or his/her
designee) and representatives from each
Division and Office, was established by
the Board of Directors in 1994 to
coordinate and encourage appropriate
66371Federal Register / Vol. 62, No. 243 / Thursday, December 18, 1997 / Notices
and cost-effective conflict management
practices in all aspects of FDIC
operations and programs. The Dispute
Resolution Specialist, working with the
ADR Steering Committee, shall report to
the Board of Directors on an annual
basis regarding the Corporation’s ADR
efforts, implementation of this policy,
and any revisions or actions necessary.
It is the responsibility of all FDIC
employees to implement this policy and
to practice and promote cost-effective
dispute resolution in FDIC programs
and other areas of Corporation
operation. All management and
employees of the FDIC are hereby
directed to take the necessary steps to
implement this policy and to cooperate
to the fullest extent with the ADR
Steering Committee and the Dispute
Resolution Specialist (and his/her
designee) to promote effective and
appropriate use of ADR at the
Corporation in furtherance of this
policy.
The FDIC welcomes and encourages
input on the use of ADR and comment
on current and potential uses of ADR
from both within and outside the
Corporation.
By order of the Board of Directors.
Dated at Washington, DC, this 9th day of
December, 1997.
Federal Deposit Insurance Corporation.
James D. LaPierre,
Deputy Executive Secretary.
[FR Doc. 97–33038 Filed 12–17–97; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Coastal Barrier Improvement Act;
Property Availability; State Road 33
South, Lake County, Florida
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice.
SUMMARY: Notice is hereby given that
the property known as State Road 33
South, located in the City of Groveland,
Lake County, Florida, is affected by
section 10 of the Coastal Barrier
Improvement Act of 1990 as specified
below.
DATES: Written notice of serious interest
to purchase or effect other transfer of all
or any portion of this property may be
mailed or faxed to the FDIC until March
18, 1998.
ADDRESSES: Copies of detailed
descriptions of this property, including
maps, may be obtained from or are
available for inspection by contacting
the following person: Mr. Richard
Espinoza, Federal Deposit Insurance
Corporation, Northeast Service Center,
101 East River Drive, East Hartford, CT.
06108, (860) 291–4051; Fax (860) 291–
4077.
SUPPLEMENTARY INFORMATION: The State
Road 33 South property (a.k.a. 11804
State Road 33 South) consists of
approximately 100 acres of undeveloped
land divided into two tracts in a rural
area approximately two miles south of
the city limits of the City of Groveland,
FL. The legal description of the site is
Tracts 1, 2, 15, 16, 34, 47, 48, 49, 50, 63
and 64 in Section 6, Township 23
South, Range 25 East, Groveland Farms,
according to the plat thereof as recorded
in Plat Book 2, Pages 10 and 11, Public
Records of Lake County, FL. The State
Road 33 South property is
predominately wetlands and contains
dense vegetation. This property is
within the State of Florida’s Green
Swamp Area of Critical Concern and is
adjacent to Mill Stream Swamp which
is managed by the St. John’s River Water
Management District for natural
resource conservation purposes. This
property is covered property within the
meaning of Section 10 of the Coastal
Barrier Improvement Act of 1990, Pub.
L. 101–591 (12 U.S.C. 1441a–3).
Written notice of serious interest in
the purchase or other transfer of all or
any portion of this property must be
received on or before March 18, 1998 by
the Federal Deposit Insurance
Corporation at the appropriate address
stated above.
Eligible Entities
Those entities eligible to submit
written notices of serious interest are:
1. Agencies or entities of the Federal
government;
2. Agencies or entities of State or local
government; and,
3. ‘‘Qualified organizations’’ pursuant
to section 170(h)(3) of the Internal
Revenue Code of 1986 (26 U.S.C.
170(h)(3)).
Form of Notice
Written notices of serious interest
must be submitted in the following
form:
NOTICE OF SERIOUS INTEREST
RE: State Road 33 South
Federal Register Publication Date:
December 18, 1997.
1. Entity name.
2. Declaration of eligibility to submit
Notice under criteria set forth in the
Coastal Barrier Improvement Act of
1990, P.L. 101–591, section 10(b)(2), (12
U.S.C. 1441a–3(b)(2)), including, for
qualified organizations, a determination
letter from the United States Internal
Revenue Service regarding the
organization’s status under section
170(h)(3) of the U.S. Internal Revenue
Code (26 U.S.C. 170(h)(3)).
3. Brief description of proposed terms
of purchase or other offer for all or any
portion of the property (e.g., price,
method of financing, expected closing
date, etc.).
4. Declaration of entity that it intends
to use the property for wildlife refuge,
sanctuary, open space, recreational,
historical, cultural, or natural resource
conservation purposes (12 U.S.C.
1441a–3(b)(4)), as provided in a clear
written description of the purpose(s) to
which the property will be put and the
location and acreage of the area covered
by each purpose(s) including a
declaration of entity that it will accept
the placement, by the FDIC, of an
easement or deed restriction on the
property consistent with its intended
conservation use(s) as stated in its
notice of serious interest.
5. Authorized Representative (Name/
Address/Telephone/Fax).
List of Subjects
Environmental protection.
Dated: December 12, 1997.
Federal Deposit Insurance Corporation.
James D. LaPierre,
Deputy Executive Secretary.
[FR Doc. 97–33006 Filed 12-17-97; 8:45 am]
BILLING CODE 6714–01–P
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
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The application also will be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
and cost-effective conflict management
practices in all aspects of FDIC
operations and programs. The Dispute
Resolution Specialist, working with the
ADR Steering Committee, shall report to
the Board of Directors on an annual
basis regarding the Corporation’s ADR
efforts, implementation of this policy,
and any revisions or actions necessary.
It is the responsibility of all FDIC
employees to implement this policy and
to practice and promote cost-effective
dispute resolution in FDIC programs
and other areas of Corporation
operation. All management and
employees of the FDIC are hereby
directed to take the necessary steps to
implement this policy and to cooperate
to the fullest extent with the ADR
Steering Committee and the Dispute
Resolution Specialist (and his/her
designee) to promote effective and
appropriate use of ADR at the
Corporation in furtherance of this
policy.
The FDIC welcomes and encourages
input on the use of ADR and comment
on current and potential uses of ADR
from both within and outside the
Corporation.
By order of the Board of Directors.
Dated at Washington, DC, this 9th day of
December, 1997.
Federal Deposit Insurance Corporation.
James D. LaPierre,
Deputy Executive Secretary.
[FR Doc. 97–33038 Filed 12–17–97; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Coastal Barrier Improvement Act;
Property Availability; State Road 33
South, Lake County, Florida
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice.
SUMMARY: Notice is hereby given that
the property known as State Road 33
South, located in the City of Groveland,
Lake County, Florida, is affected by
section 10 of the Coastal Barrier
Improvement Act of 1990 as specified
below.
DATES: Written notice of serious interest
to purchase or effect other transfer of all
or any portion of this property may be
mailed or faxed to the FDIC until March
18, 1998.
ADDRESSES: Copies of detailed
descriptions of this property, including
maps, may be obtained from or are
available for inspection by contacting
the following person: Mr. Richard
Espinoza, Federal Deposit Insurance
Corporation, Northeast Service Center,
101 East River Drive, East Hartford, CT.
06108, (860) 291–4051; Fax (860) 291–
4077.
SUPPLEMENTARY INFORMATION: The State
Road 33 South property (a.k.a. 11804
State Road 33 South) consists of
approximately 100 acres of undeveloped
land divided into two tracts in a rural
area approximately two miles south of
the city limits of the City of Groveland,
FL. The legal description of the site is
Tracts 1, 2, 15, 16, 34, 47, 48, 49, 50, 63
and 64 in Section 6, Township 23
South, Range 25 East, Groveland Farms,
according to the plat thereof as recorded
in Plat Book 2, Pages 10 and 11, Public
Records of Lake County, FL. The State
Road 33 South property is
predominately wetlands and contains
dense vegetation. This property is
within the State of Florida’s Green
Swamp Area of Critical Concern and is
adjacent to Mill Stream Swamp which
is managed by the St. John’s River Water
Management District for natural
resource conservation purposes. This
property is covered property within the
meaning of Section 10 of the Coastal
Barrier Improvement Act of 1990, Pub.
L. 101–591 (12 U.S.C. 1441a–3).
Written notice of serious interest in
the purchase or other transfer of all or
any portion of this property must be
received on or before March 18, 1998 by
the Federal Deposit Insurance
Corporation at the appropriate address
stated above.
Eligible Entities
Those entities eligible to submit
written notices of serious interest are:
1. Agencies or entities of the Federal
government;
2. Agencies or entities of State or local
government; and,
3. ‘‘Qualified organizations’’ pursuant
to section 170(h)(3) of the Internal
Revenue Code of 1986 (26 U.S.C.
170(h)(3)).
Form of Notice
Written notices of serious interest
must be submitted in the following
form:
NOTICE OF SERIOUS INTEREST
RE: State Road 33 South
Federal Register Publication Date:
December 18, 1997.
1. Entity name.
2. Declaration of eligibility to submit
Notice under criteria set forth in the
Coastal Barrier Improvement Act of
1990, P.L. 101–591, section 10(b)(2), (12
U.S.C. 1441a–3(b)(2)), including, for
qualified organizations, a determination
letter from the United States Internal
Revenue Service regarding the
organization’s status under section
170(h)(3) of the U.S. Internal Revenue
Code (26 U.S.C. 170(h)(3)).
3. Brief description of proposed terms
of purchase or other offer for all or any
portion of the property (e.g., price,
method of financing, expected closing
date, etc.).
4. Declaration of entity that it intends
to use the property for wildlife refuge,
sanctuary, open space, recreational,
historical, cultural, or natural resource
conservation purposes (12 U.S.C.
1441a–3(b)(4)), as provided in a clear
written description of the purpose(s) to
which the property will be put and the
location and acreage of the area covered
by each purpose(s) including a
declaration of entity that it will accept
the placement, by the FDIC, of an
easement or deed restriction on the
property consistent with its intended
conservation use(s) as stated in its
notice of serious interest.
5. Authorized Representative (Name/
Address/Telephone/Fax).
List of Subjects
Environmental protection.
Dated: December 12, 1997.
Federal Deposit Insurance Corporation.
James D. LaPierre,
Deputy Executive Secretary.
[FR Doc. 97–33006 Filed 12-17-97; 8:45 am]
BILLING CODE 6714–01–P
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
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The application also will be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of