Federal Register / Vol. 88, No. 167 / Wednesday, August 30, 2023 / Notices 59921 

America—U.S. Southeast Coast Service 

Space Charter Agreement. 

Parties: Network Shipping Ltd.; 

Oceanus Line Ltd. 

Filing Party: Susana Vergel; Network 

Shipping Ltd. 

Synopsis: The Agreement authorizes 

Network Shipping Ltd. to charter space 

to Oceanus Line Ltd. on vessels NWS 

operates in the trade between Costa 

Rica, on the one hand, and the U.S. 

Southeast Coast, on the other hand. 

Proposed Effective Date: 8/24/2023. 

Location: 

https://www2.fmc.gov/ 

FMC.Agreements.Web/Public/ 

AgreementHistory/84515. 

Dated: August 25, 2023. 

Carl Savoy, 

Program Support Specialist. 

[FR Doc. 2023–18733 Filed 8–29–23; 8:45 am] 

BILLING CODE 6730–02–P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Bank Holding Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Bank Holding Company 

Act of 1956 (12 U.S.C. 1841 et seq.) 

(BHC Act), Regulation Y (12 CFR part 

225), and all other applicable statutes 

and regulations to become a bank 

holding company and/or to acquire the 

assets or the ownership of, control of, or 

the power to vote shares of a bank or 

bank holding company and all of the 

banks and nonbanking companies 

owned by the bank holding company, 

including the companies listed below. 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in the BHC Act 

(12 U.S.C. 1842(c)). 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington DC 20551–0001, not later 

than September 29, 2023. 

A. Federal Reserve Bank of San 

Francisco: (Joseph Cuenco, Assistant 

Vice President) Formations, 

Transactions and Enforcement, 101 

Market Street, San Francisco, California 

94105–1579. Comments can also be sent 

electronically to: 

sf.fisc.comments.applications@

sf.frb.org. 

1. Banc of California, Inc., Santa Ana, 

California; to acquire PacWest Bancorp, 

and thereby indirectly acquire Pacific 

Western Bank, both of Beverly Hills, 

California. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–18656 Filed 8–29–23; 8:45 am] 

BILLING CODE P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

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 

applications are set forth in paragraph 7 

of the Act (12 U.S.C. 1817(j)(7)). 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in paragraph 7 of 

the Act. 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington, DC 20551–0001, not later 

than September 14, 2023. 

A. Federal Reserve Bank of Atlanta 

(Erien O. Terry, Assistant Vice 

President) 1000 Peachtree Street NE, 

Atlanta, Georgia 30309. Comments can 

also be sent electronically to 

Applications.Comments@atl.frb.org: 

1. Robert M. Clements; George M. 

Egan; W. Ross Singletary, II; John S. 

Surface; Scott C. Verlander; Jason 

Burhyte; Jed V. Davis; Preston H. 

Haskell III as trustee of the Preston H. 

Haskell III Revocable Trust; Allen D. 

Miller; William H. Morris as trustee of 

the William H. Morris 2008 Trust, John 

J. Morris, as principal of the FH Morris 

LLC, and Mary Elizabeth Uible Morris, 

as trustee of the Wingman Irrevocable 

Trust; Charles B. Tomm; Alonzo D.S. 

Walton; and Patrick Zalupski, all of 

Jacksonville, Florida; Michael Hodge, 

Jacksonville Beach, Florida; William P. 

Battle; Cooper Family Ventures, LLC, 

Dwight L. Cooper, principal; Donald 

Glisson, Jr., all of Ponte Vedra Beach, 

Florida; W. Bret Cato, Claxton, Georgia; 

Steven C. Edwards, individually and for 

the Steven Edwards IRA, Atlanta, 

Georgia; Robert J. Mylod, Jr., 

Birmingham, Michigan; Frederic H. 

Garner; Robert H. Sheridan, III, all of 

Charlotte, North Carolina; Jeff H. Boyd 

on behalf of Brothers Brooks, LLC, 

Darien, Connecticut; John F. Cozzi as 

trustee of the John F. Cozzi Revocable 

Trust, Malvern, Pennsylvania; Merrick 

R. Kleeman, Norwalk, Connecticut; 

Patrick K. McGee, Dallas, Texas; and 

John J. Schickel, Jr., Coppell, Texas; all 

as a group acting in concert; to acquire 

voting shares of Southern Bankshares, 

Inc., and thereby indirectly acquire 

outstanding voting shares of The 

Claxton Bank, both of Claxton, Georgia. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–18759 Filed 8–29–23; 8:45 am] 

BILLING CODE P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

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 

applications are set forth in paragraph 7 

of the Act (12 U.S.C. 1817(j)(7)). 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 


lotter on DSK11XQN23PROD with NOTICES1
59922 Federal Register / Vol. 88, No. 167 / Wednesday, August 30, 2023 / Notices 

1The Commission recently published a Notice of 

Proposed Rulemaking seeking comment on 

proposed amendments to the Commission’s 

Negative Option Rule. 88 FR 24716 (Apr. 24, 2023). 

The present PRA Notice is not part of that 

proceeding and merely seeks comment on the 

existing burden estimates for the current Rule, 

which applies only to ‘‘prenotification’’ negative 

option plans. 

2According to industry input, many firms 

previously covered have transitioned to a 

subscription-based approach. Thus, the current 

estimate is lower than past estimates. Additionally, 

industry sources have indicted in the past that a 

substantial portion of the existing clubs would 

make these disclosures absent the Rule because 

they help foster long-term relationships with 

consumers. 

3See Occupational Employment and Wages— 

May 2022, Table 1, at https://www.bls.gov/ 

news.release/ocwage.t01.htm (mean hourly wage 

rate for advertising and promotion managers). 

4See id. (mean hourly wage rate for office and 

administrative support occupations). 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in paragraph 7 of 

the Act. 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington, DC 20551–0001, not later 

than September 14, 2023. 

A. Federal Reserve Bank of Chicago: 

(Colette A. Fried, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414. 

Comments can also be sent 

electronically to 

Comments.applications@chi.frb.org: 

1. JFG Control, LP, a proposed 

qualified family partnership, the general 

partner of which is IPJ 2012 JFG Trust, 

Helen P. Johnson-Leipold, trustee, all of 

Racine, Wisconsin; to join the Johnson 

Family Control Group and acquire 

voting shares of Johnson Financial 

Group, Inc., thereby indirectly acquiring 

voting shares of Johnson Bank, both of 

Racine, Wisconsin. 

B. Federal Reserve Bank of Kansas 

City: (Jeffrey Imgarten, Assistant Vice 

President) One Memorial Drive, Kansas 

City, Missouri 64198. Comments can 

also be sent electronically to 

CApplicationComments@kc.frb.org: 

1. Shawn Grubb, Weatherford, 

Oklahoma, and Kenneth Baker as cotrustees of the Derek Joseph Grubb 2012 

Trust, and the Jordan Alyssa Grubb 

2012 Trust, all of Clinton, Oklahoma; 

and the Washita Valley Trust, Clinton, 

Oklahoma, Kenneth Baker, trustee; to 

become members of the Shawn Grubb 

Family Control Group, a group acting in 

concert, to acquire voting shares of 

Hydro Bancshares, Inc., and thereby 

indirectly acquire voting shares of Bank 

of Hydro, both of Hydro, Oklahoma. 

Shawn Grubb, co-trustee, has been 

previously approved by the Federal 

Reserve Board. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–18655 Filed 8–29–23; 8:45 am] 

BILLING CODE P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; Extension 

AGENCY: Federal Trade Commission. 

ACTION: Notice. 

SUMMARY: The Federal Trade 

Commission (‘‘FTC’’ or ‘‘Commission’’) 

is seeking public comments on its 

proposal to extend for an additional 

three years the current Paperwork 

Reduction Act (‘‘PRA’’) clearance for 

information collection requirements 

contained in the FTC’s trade regulation 

rule entitled ‘‘Use of Prenotification 

Negative Option Plans’’ (‘‘Negative 

Option Rule’’ or ‘‘Rule’’). That clearance 

expires on January 31, 2024. 

DATES: Comments must be filed by 

October 30, 2023. 

ADDRESSES: Interested parties may file a 

comment online or on paper, by 

following the instructions in the 

Request for Comment part of the 

SUPPLEMENTARY INFORMATION section 

below. Write ‘‘Negative Option Rule; 

PRA Comment: FTC File No. P072108’’ 

on your comment, and file your 

comment online at https://

www.regulations.gov by following the 

instructions on the web-based form. If 

you prefer to file your comment on 

paper, mail your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 

600 Pennsylvania Avenue NW, Suite 

CC–5610 (Annex J), Washington, DC 

20580. 

FOR FURTHER INFORMATION CONTACT: 

Katherine Johnson, Attorney, Division 

of Enforcement, Federal Trade 

Commission, Room CC–9528, 600 

Pennsylvania Avenue NW, Washington, 

DC 20580, (202) 326–2185. 

SUPPLEMENTARY INFORMATION: 

Title: Use of Prenotification Negative 

Option Plans (Negative Option Rule or 

Rule), 16 CFR part 425.1

OMB Control Number: 3084–0104. 

Type of Review: Extension without 

change of currently approved collection. 

Abstract: The Negative Option Rule 

governs the operation of prenotification 

subscription plans. Under these types of 

plans—which can include things such 

as a book of the month club, food of the 

month club, or clothing items of the 

month club—a seller provides a 

consumer with automatic shipments of 

merchandise unless the consumer 

affirmatively notifies the seller they do 

not want the shipment. The Rule 

requires that a seller notify a member 

that they will automatically ship 

merchandise to the member and bill the 

member for the merchandise if the 

subscriber fails to expressly reject the 

merchandise beforehand within a 

prescribed time. The Rule protects 

consumers by: (1) requiring that 

promotional materials disclose the 

terms of membership clearly and 

conspicuously; and (2) establishing 

procedures for the administration of 

such ‘‘negative option’’ plans. 

Affected Public: Private Sector: Sellers 

of prenotification subscription plans. 

Estimated Annual Burden Hours: 

2,500 hours. 

Estimated Annual Labor Costs: 

$152,350 (solely related to labor costs). 

Estimated Annual Non-Labor Costs: 

$0 or de minimis. 

As required by section 3506(c)(2)(A) 

of the PRA, 44 U.S.C. 3506(c)(2)(A), the 

FTC is providing this opportunity for 

public comment before requesting that 

OMB extend the existing clearance for 

the information collection requirements 

contained in the Rule. 

Burden Statement 

Estimated Annual Burden Hours: 

2,500. 

Based on industry input, FTC staff 

estimates that approximately 25 clubs 

are subject to the disclosure 

requirements contained in the Rule.2

FTC staff further estimates that each 

club will require annually about 100 

hours to comply with the Rule’s 

disclosure requirements. This yields a 

total annual burden of 2,500 hours (25 

clubs × 100 hours). 

Estimated Annual Cost Burden: 

$152,350 (solely related to labor costs). 

Based on recent data from the Bureau 

of Labor Statistics, the mean hourly 

wage for advertising and promotion 

managers is approximately $70.70 per 

hour; 3 compensation for office and 

administrative support personnel is 

approximately $21.90 per hour.4


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