Revised Jurisdictional Thresholds for Section 8 of the Clayton Act, 6330 [2021-01172]
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Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / Notices
jbell on DSKJLSW7X2PROD with NOTICES
received will be analyzed to determine
the extent to which the Board should
modify the proposal.
Proposal Under OMB Delegated
Authority To Implement the Following
Information Collection
Report title: Treasury Securities and
Agency Debt and Mortgage-Backed
Securities Reporting Requirements.
Agency form number: FR 2956.
OMB control number: 7100–NEW.
Frequency: Daily.
Respondents: Depository institutions
that meet the reporting thresholds and
daily transact in trading of marketable
U.S. Treasury securities and the trading
of the debt and mortgage-backed
securities issued by agencies.
Estimated number of respondents:
Treasury securities, 10; Agency debt and
mortgage-backed securities, 12.
Estimated average hours per response:
3.
Estimated annual burden hours:
16,500.
General description of report: The
proposed FR 2956 would collect
detailed data on depository institutions’
daily transactions of marketable U.S.
Treasury securities and of the debt and
mortgage-backed securities (MBS)
issued by U.S. federal government
agencies including governmentsponsored enterprises (agencies). The
report would have two parts: Part 1
would collect data on transactions in
U.S. Treasury debt, and Part 2 would
collect transactions in debt and MBS
issued by agencies. Depository
institutions subject to reporting under
Parts 1 and 2 of the FR 2956 collection
would be required to report all the
transaction details, information, and
fields as described in the applicable
Trade Reporting and Compliance Engine
(TRACE) technical documentation,
FAQs, and guides located at https://
www.finra.org/filing-reporting/trace/
documentation. This information would
include, but is not limited to, the
Committee on Uniform Securities
Identification Procedures (CUSIP)
number or similar identifier, the
transaction size (volume), price of the
transaction, date of trade execution,
time of execution, and date of
settlement. The Board is proposing to
implement the FR 2956 in 2021.
Every national bank, state member
bank, state non-member bank, savings
association, or U.S. branch and agency
of a foreign bank filing a Notice of
Government Securities Broker or
Government Dealer Activities Form
(From G–FIN; OMB No. 7100–0224)
with average daily transaction volumes
of over $100 million, for U.S. Treasury
debt, or over $50 million, for agency-
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20:44 Jan 19, 2021
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issued debt and MBS, during the prior
fiscal year would be subject to the
proposed reporting requirements.
Depository institutions subject to the
reporting requirements of the proposed
FR 2956 would electronically report
transactions through the Board’s data
collection vendor, the Financial
Industry Regulatory Authority (FINRA),
utilizing its Trade Reporting and
Compliance Engine (TRACE).
Legal authorization and
confidentiality: The FR 2956 is
authorized by sections 2A and 11 of the
Federal Reserve Act (‘‘FRA’’). Section
2A of the FRA requires that the Board
and the FOMC maintain long-run
growth of the monetary and credit
aggregates commensurate with the
economy’s long run potential to increase
production, so as to promote effectively
the goals of maximum employment,
stable prices, and moderate long-term
interest rates. Section 11 of the FRA
authorizes the Board to require reports
from depository institutions as it may
deem necessary and authorizes the
Board to prescribe reports of liabilities
and assets from insured depository
institutions to enable the Board to
discharge its responsibility to monitor
and control monetary and credit
aggregates. The obligation to respond to
the FR 2956 would be mandatory. The
information collected through the FR
2956 would not be considered
confidential.
Consultation outside the agency: As
part of an interagency workgroup, the
Board has consulted with the U.S.
Treasury Department, the U.S.
Securities and Exchange Commission,
the Commodity and Futures Trading
Commission, and FINRA on this
collection.
Board of Governors of the Federal Reserve
System, January 14, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–01217 Filed 1–19–21; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL TRADE COMMISSION
Revised Jurisdictional Thresholds for
Section 8 of the Clayton Act
Federal Trade Commission.
Notice.
AGENCY:
ACTION:
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
SUMMARY:
PO 00000
Frm 00042
Fmt 4703
Sfmt 4703
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 $37,382,000 for
Section 8(a)(1), and $3,738,200 for
Section 8(a)(2)(A).
DATES: January 21, 2021.
FOR FURTHER INFORMATION CONTACT:
Chris Grengs (202–326–2612), Bureau of
Competition, Office of Policy and
Coordination.
Authority: 15 U.S.C. 19(a)(5)
April J. Tabor,
Acting Secretary.
[FR Doc. 2021–01172 Filed 1–19–21; 8:45 am]
BILLING CODE 6750–01–P
FEDERAL TRADE COMMISSION
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request
AGENCY:
Federal Trade Commission
(FTC).
ACTION:
Notice and request for comment.
The FTC requests that the
Office of Management and Budget
(OMB) extend for three years the current
Paperwork Reduction Act (PRA)
clearance for information collection
requirements contained in the Trade
Regulation Rule entitled Power Output
Claims for Amplifiers Utilized in Home
Entertainment Products (Amplifier Rule
or Rule). That clearance expires on
January 31, 2021.
DATES: Comments must be received by
February 22, 2021.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. The reginfo.gov web
link is a United States Government
website produced by OMB and the
General Services Administration (GSA).
Under PRA requirements, OMB’s Office
of Information and Regulatory Affairs
(OIRA) reviews Federal information
collections.
SUMMARY:
E:\FR\FM\21JAN1.SGM
21JAN1
]]>Agencies
[Federal Register Volume 86, Number 12 (Thursday, January 21, 2021)]
[Notices]
[Page 6330]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-01172]
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FEDERAL TRADE COMMISSION
Revised Jurisdictional Thresholds for Section 8 of the Clayton
Act
AGENCY: Federal Trade Commission.
ACTION: Notice.
-----------------------------------------------------------------------
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 $37,382,000 for Section 8(a)(1), and $3,738,200 for
Section 8(a)(2)(A).
DATES: January 21, 2021.
FOR FURTHER INFORMATION CONTACT: Chris Grengs (202-326-2612), Bureau of
Competition, Office of Policy and Coordination.
Authority: 15 U.S.C. 19(a)(5)
April J. Tabor,
Acting Secretary.
[FR Doc. 2021-01172 Filed 1-19-21; 8:45 am]
BILLING CODE 6750-01-P
