[Federal Register Volume 62, Number 98 (Wednesday, May 21, 1997)]
[Notices]
[Page 27736]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-13367]
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FEDERAL COMMUNICATIONS COMMISSION
[DA 97-932]
Commission Adjusts its Annual Revenue Threshold to Account for
Inflation for 1996 in Accordance With Section 402 of the 1996
Telecommunications Act
May 2, 1997.
Pursuant to Section 402(c) of the Telecommunications Act of 1996
and the interim procedures established in Implementation of the
Telecommunications Act of 1996: Reform of Filing Requirements and
Carrier Classifications, Order and Notice of Proposed Rulemaking, CC
Docket No. 96-193, 11 FCC Recd 11716 (1996), the Commission hereby
adjusts the annual revenue threshold pursuant to part 32 of its
regulations (47 CFR part 43) and Sec. 64.903 of its regulations (47 CFR
64.903) to account for inflation for 1996 by creating a ratio between
the 1996 Gross Domestic Product Chain-type Price Index (GDP-CPI) and
the GDP-CPI as of October 19, 1992.
The estimated value of the GDP-CPI on October 19, 1992 is 100.69.
This estimate was obtained by linearly interpolating the seasonally
adjusted third quarter 1992 GDP-CPI value of 100.2 (as of the mid-point
of the third quarter, August 15, 1992) and the seasonally adjusted
fourth quarter 1992 GDP-CPI value of 100.9 (as of the mid-point of the
fourth quarter, November 15, 1992).
Accordingly, the inflation-adjusted revenue threshold for 1996 is
calculated as follows:
[A] GDP-CPI (October 19, 1992), 100.69
[B] GDP-CPI (Annual) (1996), 109.9
[C] Ratio: GDP-CPI (Annual) (1996)/GDP-CPI (October 19, 1992), 1.0915
\1\
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\1\ Calculated by dividing line B by line A.
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[D] Original Revenue Threshold, $100 million
[E] Inflation-Adjusted Threshold, $109 million \2\
\2\ Calculated by multiplying line D by line C. This figure has
been rounded to the nearest million.
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Accordingly, the inflation-adjusted revenue threshold for 1996 is
$109 million.
For further information, contact Maureen Peratino, Office of Public
Affairs, at (202) 418-0500, or Warren Firschein, Accounting and Audits
Division, Common Carrier Bureau, at (202) 418-0844.
Source: National Data Tables, Survey of Current Business, Mar.
1997, tbl. 7.1 at D-17.
Federal Communications Commission.
LaVera Marshall,
Acting Secretary.
[FR Doc. 97-13367 Filed 5-20-97; 8:45 am]
BILLING CODE 6712-01-M
