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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Federal Register / Vol. 88, No. 167 / Wednesday, August 30, 2023 / Notices 59923 

Assuming that managers perform the 

bulk of the work, and clerical personnel 

perform associated tasks (e.g., placing 

advertisements and responding to 

inquiries about offerings or prices), the 

total cost to the industry for the Rule’s 

information collection requirements 

would be approximately $152,350 [(80 

hours managerial time × 25 clubs × 

$70.70 per hour) + (20 hours clerical 

time × 25 clubs × $21.90 per hour)]. 

Because the Rule has been in effect 

since 1974, the vast majority of the 

negative option clubs have no current 

start-up costs. For new clubs entering 

the market, the costs associated with the 

Rule’s disclosure requirements, beyond 

the additional labor costs discussed 

above, are de minimis. Negative option 

clubs already have access to the 

ordinary office equipment necessary to 

comply with the Rule. Similarly, the 

Rule imposes few, if any, printing and 

distribution costs. The required 

disclosures generally constitute only a 

small addition to the advertising for 

negative option plans. Because printing 

and distribution expenditures are 

incurred to market the product 

regardless of the Rule, adding the 

required disclosures results in marginal 

incremental expense. 

Request for Comment 

Pursuant to section 3506(c)(2)(A) of 

the PRA, the FTC invites comments on: 

(1) whether the disclosure and 

recordkeeping requirements are 

necessary, including whether the 

information will be practically useful; 

(2) the accuracy of our burden estimates, 

including whether the methodology and 

assumptions used are valid; (3) ways to 

enhance the quality, utility, and clarity 

of the information to be collected; and 

(4) ways to minimize the burden of the 

collection of information. 

For the FTC to consider a comment, 

we must receive it on or before October 

30, 2023. Your comment, including your 

name and your state, will be placed on 

the public record of this proceeding, 

including the https://

www.regulations.gov website. 

You can file a comment online or on 

paper. Due to heightened security 

screening, postal mail addressed to the 

Commission will be subject to delay. We 

encourage you to submit your comments 

online through the https://

www.regulations.gov website. 

If you file your comment on paper, 

write ‘‘Negative Option Rule; PRA 

Comment: FTC File No. P072108’’ on 

your comment and on the envelope, and 

mail it to the following address: Federal 

Trade Commission, Office of the 

Secretary, 600 Pennsylvania Avenue 

NW, Suite CC–5610 (Annex J), 

Washington, DC 20580. 

Because your comment will become 

publicly available at https://

www.regulations.gov, you are solely 

responsible for making sure that your 

comment does not include any sensitive 

or confidential information. In 

particular, your comment should not 

include any sensitive personal 

information, such as your or anyone 

else’s Social Security number; date of 

birth; driver’s license number or other 

state identification number, or foreign 

country equivalent; passport number; 

financial account number; or credit or 

debit card number. You are also solely 

responsible for making sure that your 

comment does not include any sensitive 

health information, such as medical 

records or other individually 

identifiable health information. In 

addition, your comment should not 

include any ‘‘trade secret or any 

commercial or financial information 

which . . . is privileged or 

confidential’’—as provided by section 

6(f) of the FTC Act, 15 U.S.C. 46(f), and 

FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2)— 

including, in particular, competitively 

sensitive information, such as costs, 

sales statistics, inventories, formulas, 

patterns, devices, manufacturing 

processes, or customer names. 

Comments containing material for 

which confidential treatment is 

requested must (1) be filed in paper 

form, (2) be clearly labeled 

‘‘Confidential,’’ and (3) comply with 

FTC Rule 4.9(c). In particular, the 

written request for confidential 

treatment that accompanies the 

comment must include the factual and 

legal basis for the request and must 

identify the specific portions of the 

comment to be withheld from the public 

record. See FTC Rule 4.9(c). Your 

comment will be kept confidential only 

if the General Counsel grants your 

request in accordance with the law and 

the public interest. Once your comment 

has been posted publicly at 

www.regulations.gov, we cannot redact 

or remove your comment unless you 

submit a confidentiality request that 

meets the requirements for such 

treatment under FTC Rule 4.9(c), and 

the General Counsel grants that request. 

The FTC Act and other laws that the 

Commission administers permit the 

collection of public comments to 

consider and use in this proceeding as 

appropriate. The Commission will 

consider all timely and responsive 

public comments that it receives on or 

before October 30, 2023. For 

information on the Commission’s 

privacy policy, including routine uses 

permitted by the Privacy Act, see 

https://www.ftc.gov/site-information/ 

privacy-policy. 

Josephine Liu, 

Assistant General Counsel for Legal Counsel. 

[FR Doc. 2023–18769 Filed 8–29–23; 8:45 am] 

BILLING CODE 6750–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; Extension 

AGENCY: Federal Trade Commission. 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 

(‘‘PRA’’), the Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’) is seeking 

public comment on its proposal to 

extend for an additional three years the 

Office of Management and Budget 

clearance for information collection 

requirements in the Trade Regulation 

Rule entitled Labeling and Advertising 

of Home Insulation (‘‘R-value Rule’’ or 

‘‘Rule’’). That clearance expires on 

March 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 ‘‘R-value 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 webbased 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: 

Hampton Newsome, Attorney, Division 

of Enforcement, Federal Trade 

Commission, Room CC–9528, 600 

Pennsylvania Avenue NW, Washington, 

DC 20580, (202) 326–2889. 

SUPPLEMENTARY INFORMATION: 

Title of Collection: R-value Rule, 16 

CFR part 460. 

OMB Control Number: 3084–0109. 

Type of Review: Extension without 

change of currently approved collection. 

Abstract: The R-value Rule establishes 

uniform standards for the substantiation 

and disclosure of accurate, material 

product information about the thermal 

performance characteristics of home 

insulation products. The R-value of an 

insulation signifies the insulation’s 


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