83 FR 4048 - Revised Jurisdictional Thresholds for Section 8 of the Clayton Act

FEDERAL TRADE COMMISSION

Federal Register Volume 83, Issue 19 (January 29, 2018)

Page Range		4048-4048
FR Document		2018-01578

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 $34,395,000 for Section 8(a)(1), and $3,439,500 for Section 8(a)(2)(A).

Federal Register, Volume 83 Issue 19 (Monday, January 29, 2018)

[Federal Register Volume 83, Number 19 (Monday, January 29, 2018)]
[Notices]
[Page 4048]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-01578]


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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 $34,395,000 for Section 8(a)(1), and $3,439,500 for 
Section 8(a)(2)(A).

DATES: Applicable Date: January 29, 2018.

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

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

Donald S. Clark,
Secretary.
[FR Doc. 2018-01578 Filed 1-26-18; 8:45 am]
 BILLING CODE 6750-01-P

4048 Federal Register / Vol. 83, No. 19 / Monday, January 29, 2018 / Notices

Governors not later than February 23, Adams Dairy Bank, both of Blue federal law prohibiting unfair or
2018. Springs, Missouri. deceptive acts or practices. The attached
A. Federal Reserve Bank of Richmond Board of Governors of the Federal Reserve Analysis to Aid Public Comment
(Adam M. Drimer, Assistant Vice System, January 24, 2018. describes both the allegations in the
President) 701 East Byrd Street, Ann E. Misback, complaint and the terms of the consent
Richmond, Virginia 23261–4528. Secretary of the Board. order—embodied in the consent
Comments can also be sent agreement—that would settle these
[FR Doc. 2018–01623 Filed 1–26–18; 8:45 am]
electronically to allegations.
BILLING CODE P
Comments.applications@rich.frb.org. DATES: Comments must be received on
1. H Bancorp, LLC, Irvine, California; or before February 23, 2018.
to acquire 7.5 percent of the voting
FEDERAL TRADE COMMISSION ADDRESSES: Interested parties may file a
shares of Old Line Bancshares, Inc.,
comment online or on paper, by
Bowie, Maryland, and thereby indirectly
Revised Jurisdictional Thresholds for following the instructions in the
acquire Old Line Bank, Bowie,
Section 8 of the Clayton Act Request for Comment part of the
Maryland.
SUPPLEMENTARY INFORMATION section
B. Federal Reserve Bank of Chicago AGENCY: Federal Trade Commission.
(Colette A. Fried, Assistant Vice below. Write: ‘‘In the Matter of Bollman
ACTION: Notice. Hat Company and SaveAnAmericanJob,
President) 230 South LaSalle Street,
SUMMARY: The Federal Trade LLC, jointly d/b/a American Made
Chicago, Illinois 60690–1414:
1. First Mid-Illinois Bancshares, Inc., Commission announces the revised Matters, File No. 172 3197’’ on your
Mattoon, Illinois; to acquire 100 percent thresholds for interlocking directorates comment, and file your comment online
of the voting shares of First BancTrust required by the 1990 amendment of at https://ftcpublic.commentworks.com/
Corporation, Champaign, Illinois, and Section 8 of the Clayton Act. Section 8 ftc/bollmanhatconsent by following the
thereby indirectly acquire First Bank & prohibits, with certain exceptions, one instructions on the web-based form. If
person from serving as a director or you prefer to file your comment on
Trust IL, Paris, Illinois.
C. Federal Reserve Bank of St. Louis officer of two competing corporations if paper, write ‘‘In the Matter of Bollman
(David L. Hubbard, Senior Manager) two thresholds are met. Competitor Hat Company and SaveAnAmericanJob,
P.O. Box 442, St. Louis, Missouri corporations are covered by Section 8 if LLC, jointly d/b/a American Made
63166–2034. Comments can also be sent each one has capital, surplus, and Matters, File No. 172 3197’’ on your
electronically to undivided profits aggregating more than comment and on the envelope, and mail
Comments.applications@stls.frb.org: $10,000,000, with the exception that no your comment to the following address:
1. Saber Investments, Inc., Irvington, corporation is covered if the competitive Federal Trade Commission, Office of the
Kentucky; to become a bank holding sales of either corporation are less than Secretary, 600 Pennsylvania Avenue
company by acquiring voting shares of $1,000,000. Section 8(a)(5) requires the NW, Suite CC–5610 (Annex D),
Bancorp of Lexington, Inc., Lexington, Federal Trade Commission to revise Washington, DC 20580, or deliver your
Kentucky and thereby indirectly acquire those thresholds annually, based on the comment to the following address:
Bank of Lexington, Inc., Lexington, change in gross national product. The Federal Trade Commission, Office of the
Kentucky. new thresholds, which take effect Secretary, Constitution Center, 400 7th
2. First Breckinridge Bancshares, Inc. immediately, are $34,395,000 for Street SW, 5th Floor, Suite 5610 (Annex
Irvington, Kentucky; to acquire through Section 8(a)(1), and $3,439,500 for D), Washington, DC 20024.
its subsidiary, Saber Investment Inc., 81 Section 8(a)(2)(A). FOR FURTHER INFORMATION CONTACT: Julia
percent of the voting shares of Bancorp DATES: Applicable Date: January 29, Solomon Ensor (202–326–2377) and
of Lexington, Inc, Lexington, Kentucky 2018. Crystal Ostrum (202–326–3405), Bureau
and thereby indirectly acquire Bank of of Consumer Protection, 600
FOR FURTHER INFORMATION CONTACT: Pennsylvania Avenue NW, Washington,
Lexington, Inc., Lexington, Kentucky. James F. Mongoven, Bureau of
3. Meade Bancorp, Inc. Brandenburg, DC 20580.
Competition, Office of Policy and SUPPLEMENTARY INFORMATION: Pursuant
Kentucky; to acquire through its
Coordination, (202) 326–2879. to Section 6(f) of the Federal Trade
subsidiary, Saber Investment Inc., 19
percent of the voting shares of Bancorp Authority: 15 U.S.C. 19(a)(5). Commission Act, 15 U.S.C. 46(f), and
of Lexington, Inc., Lexington, Kentucky, Donald S. Clark, FTC Rule 2.34, 16 CFR 2.34, notice is
and thereby indirectly acquire Bank of Secretary.
hereby given that the above-captioned
Lexington, Inc., Lexington, Kentucky. consent agreement containing a consent
[FR Doc. 2018–01578 Filed 1–26–18; 8:45 am]
D. Federal Reserve Bank of Kansas order to cease and desist, having been
BILLING CODE 6750–01–P
City (Dennis Denney, Assistant Vice filed with and accepted, subject to final
President) 1 Memorial Drive, Kansas approval, by the Commission, has been
City, Missouri 64198–0001: FEDERAL TRADE COMMISSION placed on the public record for a period
1. Equity Bancshares, Inc., Wichita, of thirty (30) days. The following
Kansas; to acquire, through its [File No. 172 3197] Analysis to Aid Public Comment
subsidiary, Oz Merger Sub, Inc., Topeka, describes the terms of the consent
Kansas, 100 percent of the voting shares Bollman Hat Company and agreement, and the allegations in the
of Kansas Bank Corporation, and SaveAnAmericanJob, LLC, Jointly complaint. An electronic copy of the
Doing Business as American Made
sradovich on DSK3GMQ082PROD with NOTICES

thereby acquire First National Bank of full text of the consent agreement
Liberal, both of Liberal, Kansas. Matters; Analysis To Aid Public package can be obtained from the FTC
2. Equity Bancshares, Inc., Wichita, Comment Home Page (for January 23, 2018), on
Kansas; to acquire, through its AGENCY: Federal Trade Commission. the World Wide Web, at https://
subsidiary, Abe Merger Sub, Inc., ACTION: Proposed consent agreement. www.ftc.gov/news-events/commission-
Jefferson City, Missouri, 100 percent of actions.
the voting shares of Adams Dairy SUMMARY: The consent agreement in this You can file a comment online or on
Bancshares, Inc., and thereby acquire matter settles alleged violations of paper. For the Commission to consider

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Document Created: 2018-01-27 00:57:34
Document Modified: 2018-01-27 00:57:34

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Applicable Date: January 29, 2018.
Contact		James F. Mongoven, Bureau of Competition, Office of Policy and Coordination, (202) 326-2879.
FR Citation		83 FR 4048