Given equation of ellipse is $\frac {x^2}{16}+ \frac {y^2}{9}=1$
$a=4,b=3,e= \sqrt {1- \frac {9}{16} } \Rightarrow \frac {\sqrt 7}{4}$
$\therefore$ Foci $= (\pm ae,0)= \Bigg (\pm 4 \times \frac {\sqrt 7}{4},0 \Bigg ) = ( \pm \sqrt 7,\, 0) $
Radius of the circle,r $= \sqrt {(ae)^2+b^2}$
$ = \sqrt {7+9} = \sqrt16=4$
Now, equation of circle is
$ (x - 0)^2 + (y - 3)^2 = 16$
$\therefore x^2 + y^2 - 6y - 7 = 0$