Revised Jurisdictional Thresholds for Section 8 of the Clayton Act, 7369 [2019-03396]

Download as PDF Federal Register / Vol. 84, No. 42 / Monday, March 4, 2019 / Notices the Board believes this obviates the need for notarization. The second recommendation was to use a website for submissions to minimize burden. The Board currently allows submission of the FR Y–12 and FR Y–12A by mail or electronically via the Federal Reserve System’s Reporting Central application, so the Board does not believe an additional electronic submission mechanism is necessary. The third recommendation was to ensure that respondents are aware of exactly which information must be reported, and the reasons that this information is required. Board staff has strived to draft instructions for the FR Y–12 and FR Y– 12A reports that are as clear as possible and will continue to explore ways to increase the clarity of those instructions. The Board’s public OMB supporting statements and Federal Register notices regarding the FR Y–12 and FR Y–12A reports explain that the information collected by the reports is necessary for the Board to carry out its responsibilities of supervising holding companies and maintaining U.S. financial stability. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Noel A. Radcliffe, Hillsboro, Wisconsin; Richard A. Radcliffe, Sparta, Wisconsin; Robin W. Radcliffe, Brooktondale, New York; and Rolfe M. Radcliffe, Berkshire, New York, each individually and acting in concert; to acquire voting shares of BRAD, Inc., and thereby indirectly acquire shares of Black River Country Bank, both of Black River Falls, Wisconsin. B. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. City Bank and Kendra B. Lane, both of Lubbock, Texas, as Trustees of the South Plains Financial, Inc., Employee Stock Ownership Plan, Lubbock, Texas (‘ESOP’) and Robert C. Dean, and Kendra B. Lane, all of Lubbock, Texas, as members of the ESOP Investment Committee; to acquire voting shares of the ESOP and thereby indirectly acquire South Plains Financial, Inc., and City Bank, both of Lubbock, Texas. The revisions to the FR Y–12 and FR Y–12A will be implemented as proposed. Board of Governors of the Federal Reserve System, February 27, 2019. Yao-Chin Chao, Assistant Secretary of the Board. Board of Governors of the Federal Reserve System, February 26, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. Revised Jurisdictional Thresholds for Section 8 of the Clayton Act 17:33 Mar 01, 2019 Jkt 247001 FOR FURTHER INFORMATION CONTACT: James F. Mongoven (202–326–2879), Bureau of Competition, Office of Policy and Coordination. (Authority: 15 U.S.C. § 19(a)(5)) April J. Tabor, Acting Secretary. [FR Doc. 2019–03396 Filed 3–1–19; 8:45 am] BILLING CODE 6750–01–P FEDERAL TRADE COMMISSION Revised Jurisdictional Thresholds for Section 7a of the Clayton Act AGENCY: ACTION: Federal Trade Commission. Notice. The Federal Trade Commission announces the revised thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976 required by the 2000 amendment of Section 7A of the Clayton Act. SUMMARY: DATES: April 3, 2019. Nora Whitehead (202–326–3100), Federal Trade Commission, Bureau of Competition, Premerger Notification Office, 400 7th Street SW, Room 5301, Washington, DC 20024. FEDERAL RESERVE SYSTEM VerDate Sep<11>2014 March 4, 2019. FOR FURTHER INFORMATION CONTACT: FEDERAL TRADE COMMISSION Federal Trade Commission. ACTION: Notice. AGENCY: The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than March 19, 2019. DATES: BILLING CODE P BILLING CODE 6210–01–P The notificants listed below have applied under the Change in Bank Control Act (‘‘Act’’) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). Section 8(a)(1), and $3,656,400 for Section 8(a)(2)(A). [FR Doc. 2019–03845 Filed 3–1–19; 8:45 am] [FR Doc. 2019–03776 Filed 3–1–19; 8:45 am] Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company 7369 The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if two thresholds are met. Competitor corporations are covered by Section 8 if each one has capital, surplus, and undivided profits aggregating more than $10,000,000, with the exception that no corporation is covered if the competitive sales of either corporation are less than $1,000,000. Section 8(a)(5) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product. The new thresholds, which take effect immediately, are $36,564,000 for SUMMARY: PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 Section 7A of the Clayton Act, 15 U.S.C. 18a, as added by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, Public Law 94–435, 90 Stat. 1390 (‘‘the Act’’), requires all persons contemplating certain mergers or acquisitions, which meet or exceed the jurisdictional thresholds in the Act, to file notification with the Commission and the Assistant Attorney General and to wait a designated period of time before consummating such transactions. Section 7A(a)(2) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product, in accordance with Section 8(a)(5). Note that while the filing fee thresholds are revised annually, the actual filing fees are not similarly indexed and, as a result, have not been adjusted for inflation in over a decade. The new thresholds, which take effect 30 days after publication in the Federal Register, are as follows: SUPPLEMENTARY INFORMATION: E:\FR\FM\04MRN1.SGM 04MRN1

Agencies

[Federal Register Volume 84, Number 42 (Monday, March 4, 2019)]
[Notices]
[Page 7369]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-03396]


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FEDERAL TRADE COMMISSION


Revised Jurisdictional Thresholds for Section 8 of the Clayton 
Act

AGENCY: Federal Trade Commission.

ACTION: Notice.

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SUMMARY: The Federal Trade Commission announces the revised thresholds 
for interlocking directorates required by the 1990 amendment of Section 
8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one 
person from serving as a director or officer of two competing 
corporations if two thresholds are met. Competitor corporations are 
covered by Section 8 if each one has capital, surplus, and undivided 
profits aggregating more than $10,000,000, with the exception that no 
corporation is covered if the competitive sales of either corporation 
are less than $1,000,000. Section 8(a)(5) requires the Federal Trade 
Commission to revise those thresholds annually, based on the change in 
gross national product. The new thresholds, which take effect 
immediately, are $36,564,000 for Section 8(a)(1), and $3,656,400 for 
Section 8(a)(2)(A).

DATES: March 4, 2019.

FOR FURTHER INFORMATION CONTACT: James F. Mongoven (202-326-2879), 
Bureau of Competition, Office of Policy and Coordination.

(Authority: 15 U.S.C. Sec.  19(a)(5))


April J. Tabor,
Acting Secretary.
[FR Doc. 2019-03396 Filed 3-1-19; 8:45 am]
 BILLING CODE 6750-01-P