79592 Federal Register / Vol. 89, No. 189 / Monday, September 30, 2024 / Notices 

express their views in writing on the 

standards enumerated in paragraph 7 of 

the Act. 

Comments received are subject to 

public disclosure. In general, comments 

received will be made available without 

change and will not be modified to 

remove personal or business 

information including confidential, 

contact, or other identifying 

information. Comments should not 

include any information such as 

confidential information that would not 

be appropriate for public disclosure. 

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 October 15, 2024. 

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. The Johnson 2024 Dynasty Trust, 

Milwaukee, Wisconsin, Darin Johnson, 

Sutherland, Iowa, and Peter J. Wilder, 

Pewaukee, Wisconsin, as co-trustees 

and Jenny Johnson, Sutherland, Iowa as 

Grantor, and Jenny Johnson, 

Sutherland, Iowa; to join the Johnson 

Family Control Group, a group acting in 

concert, to acquire voting shares of Old 

O’Brien Banc Shares, Inc., and thereby 

indirectly acquire voting shares of 

Security State Bank, both of Sutherland, 

Iowa. 

2. Grant Dean; the John C. Dean 

Grandchildren’s Trust, Grant Dean and 

Larry W. Winum as co-trustees; the 

Carol C. Dean Grandchildren’s Trust, 

Grant Dean and Larry W. Winum as cotrustees; and the Larry W. Winum 

Revocable Trust, Larry W. Winum as 

trustee, all of Glenwood, Iowa; as a 

group acting in concert, to retain voting 

shares of Glenwood Bancorporation, 

and thereby indirectly retain voting 

shares of Glenwood State Bank, both of 

Glenwood, Iowa. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Associate Secretary of the Board. 

[FR Doc. 2024–22387 Filed 9–27–24; 8:45 am] 

BILLING CODE P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, with revision, the Report of 

Selected Money Market Rates (FR 2420; 

OMB No. 7100–0357). 

DATES: Comments must be submitted on 

or before November 29, 2024. 

ADDRESSES: You may submit comments, 

identified by FR 2420, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number or FR number in the subject line 

of the message. 

• Fax: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Federal Reserve Board of 

Governors, Attn: Ann E. Misback, 

Secretary of the Board, Mailstop M– 

4775, 2001 C St. NW, Washington, DC 

20551. 

All public comments are available 

from the Board’s website at https://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons or to 

remove personally identifiable 

information at the commenter’s request. 

Accordingly, comments will not be 

edited to remove any confidential 

business information, identifying 

information, or contact information. 

Public comments may also be viewed 

electronically or in paper in Room M– 

4365A, 2001 C St. NW, Washington, DC 

20551, between 9:00 a.m. and 5:00 p.m. 

on weekdays, except for Federal 

holidays. For security reasons, the 

Board requires that visitors make an 

appointment to inspect comments. You 

may do so by calling (202) 452–3684. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and to submit to security 

screening in order to inspect and 

photocopy comments. 

Additionally, commenters may send a 

copy of their comments to the Office of 

Management and Budget (OMB) Desk 

Officer for the Federal Reserve Board, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, New Executive Office Building, 

Room 10235, 725 17th Street NW, 

Washington, DC 20503, or by fax to 

(202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, nuha.elmaghrabi@frb.gov, (202) 

452–3884. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, OMB delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. In exercising 

this delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 

comments received from the public and 

other agencies. 

During the comment period for this 

proposal, a copy of the proposed PRA 

OMB submission, including the draft 

reporting form and instructions, 

supporting statement (which contains 

more detail about the information 

collection and burden estimates than 

this notice), and other documentation, 

will be made available on the Board’s 

public website at https://

www.federalreserve.gov/apps/ 

reportingforms/review or may be 

requested from the agency clearance 

officer, whose name appears above. On 

the page displayed at the link above, 

you can find the supporting information 

by referencing the collection identifier, 

FR 2420. Final versions of these 

documents will be made available at 

https://www.reginfo.gov/public/do/ 

PRAMain, if approved. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collection, 

which is being reviewed under 

authority delegated by the OMB under 

the PRA. Comments are invited on the 

following: 

a. Whether the proposed collection of 

information is necessary for the proper 

performance of the Board’s functions, 

including whether the information has 

practical utility; 

b. The accuracy of the Board’s 

estimate of the burden of the proposed 

information collection, including the 

validity of the methodology and 

assumptions used; 

c. Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

d. Ways to minimize the burden of 

information collection on respondents, 


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Federal Register / Vol. 89, No. 189 / Monday, September 30, 2024 / Notices 79593 

including through the use of automated 

collection techniques or other forms of 

information technology; and 

e. Estimates of capital or startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

At the end of the comment period, the 

comments and recommendations 

received will be analyzed to determine 

the extent to which the Board should 

modify the proposal. 

Proposal Under OMB Delegated 

Authority To Extend for Three Years, 

With Revision, the Following 

Information Collection 

Collection title: Report of Selected 

Money Market Rates. 

Collection identifier: FR 2420. 

OMB control number: 7100–0357. 

General description of collection: The 

FR 2420 is a transaction-based report 

that collects daily liability data on 

federal funds purchased, selected 

borrowings from non-exempt entities, 

Eurodollar transactions, and time 

deposits and certificates of deposits 

from (1) domestically chartered 

commercial banks and savings 

associations that have $18 billion or 

more in total assets as well as those that 

have total assets above $5 billion but 

less than $18 billion and meet the 

activity threshold, (2) U.S. branches and 

agencies of foreign banks with total 

third-party assets of $2.5 billion or 

more, and (3) significant banking 

organizations that are active participants 

in money markets. The FR 2420 also 

collects daily data on Eurodollar 

transactions from International Banking 

Facilities (IBFs) of the above-referenced 

institutions. The FR 2420 data are used 

in the publication of the Effective 

Federal Funds Rate and Overnight Bank 

Funding Rate and in analysis of current 

money market conditions. 

Proposed revisions: The Board 

proposes to add several fields to the FR 

2420 reporting form, with supporting 

information added to the FR 2420 

instructions, to enhance money market 

monitoring. The Board proposes to add 

Part E to the reporting form to collect 

information on depository institutions’ 

secured borrowings via Federal Home 

Loan Banks (FHLBs) advances with 1 

year or less to maturity at origination. 

An additional proposed section of the 

reporting form, Part F, serves to collect 

information on rates paid by depository 

institutions for certain non-maturity 

demand deposits by FHLBs. The Board 

proposes the addition of one new item 

in Part C of the reporting form that 

would denote whether reported time 

deposits represent brokered 

transactions. The proposed FR 2420 

revisions would be effective 12 months 

after the publication of a final notice in 

the Federal Register, with an 

approximate January 2026 as of date. 

The proposed additions to the FR 

2420 align with the Board’s monetary 

policy mandate. The proposed additions 

enhance the Federal Reserve’s ability to 

monitor bank funding and money 

markets, especially under changing 

conditions. 

Domestic banks that are FHLB 

members rely upon FHLB advances, 

which are loans secured by collateral, as 

a key source of funding. Short-term 

advances with maturities under one 

year are a widely used alternative to the 

other wholesale money market sources 

that are already subject to FR 2420 

reporting. The Federal Reserve currently 

lacks the ability to monitor advance 

borrowings by all banks subject to FR 

2420 reporting with data on the interest 

rates paid on advances or on dollar 

volumes of borrowings at a higher 

frequency than quarterly. In addition, 

the Federal Reserve currently lacks the 

ability to monitor volumes and rates for 

FHLBs’ interest-bearing deposits. These 

deposits represent a significant dollar 

volume as compared to the other 

unsecured funding types currently 

subject to FR 2420 data collection. 

Reporting Form Revisions 

The Board proposes to add items to 

the FR 2420 reporting form to collect 

information on brokered deposits, shortterm FHLB advances, and interestbearing non-maturity deposits placed by 

FHLBs. 

The Board proposes to add a field to 

the existing Part C of FR 2420 to denote 

which reported time deposits represent 

brokered transactions. 

The proposed Part E of the reporting 

form concerns FHLB advances with an 

original maturity of one year or less. The 

reporting form fields in Part E would be 

similar to other data for term 

instruments reported on the FR 2420. 

Specifically, covered institutions would 

be required to report the dollar amount, 

origination date, settlement date, 

maturity date, interest rate, day-count 

convention, the interest rate adjusted for 

estimated FHLB dividends, whether the 

advance is fixed- or floating-rate, 

whether the advance is amortizing, and 

whether there are embedded options. 

For floating-rate advances, the spread, 

reference rate, and reset period would 

be required. Respondents would report 

on each business day their outstanding 

FHLB advances with an original 

maturity of one year or less. 

The proposed Part F of the reporting 

form concerns interest-bearing demand 

deposits from FHLBs. The proposed 

additional reporting form fields in Part 

F include the dollar amount (i.e., 

account balance), trade date, interest 

rate, and day-count convention, 

reported for each business day. 

Instruction Revisions 

Proposed instruction changes provide 

guidance to covered institutions on how 

to report the proposed items pertaining 

to brokered deposits, FHLB advances, 

and deposits by FHLBs. Specific 

reporting instruction sections are 

included for FHLB advances and 

demand deposits by FHLBs, and related 

definitions are added to the glossary. 

Proposed additional instructions for 

time deposits in Part C include 

directions to specify a pre-set value for 

whether a time deposit transaction is 

brokered or not. Brokered deposits 

follow the existing definition in the FR 

2420 glossary. In addition, references to 

London Interbank Offered Rate (LIBOR) 

among reference rates in Part C are 

removed in the proposed revisions, as 

the production of U.S. dollar LIBOR will 

have ceased by the proposed 

implementation date for the revisions. 

The instructions regarding FHLB 

advances in Part E are generally 

consistent with those for other parts of 

the FR 2420. For FHLB advances with 

under one year to maturity at 

origination, respondents are directed to 

report the dollar amount of the advance, 

date on which the advance is originated, 

date on which funds settle, interest rate, 

interest rate adjusted for estimated 

FHLB dividends received by the 

institution, interest-rate spread for 

floating-rate advances, and maturity 

date of the advance. The instructions 

specify pre-set values for the interest 

rate’s day-count convention, whether 

the interest rate is fixed or floating, reset 

period for floating-rate advances, 

reference rate used for floating-rate 

advances, whether the advance is 

amortizing or non-amortizing, and any 

embedded options in the advance. 

Institutions are directed to report 

outstanding advances each business 

day. 

The instructions pertaining to the 

proposed Part F specify that only 

interest-bearing demand deposits by 

FHLBs should be reported. The term 

‘‘demand deposits’’ is defined in the 

glossary. Instructions are provided 

directing institutions to report the dollar 

amount (i.e., end-of-day account balance 

in dollars), trade date, interest rate, and 

day-count convention for each business 

day. 

Frequency: Daily. 

Respondents: Commercial banks, 

savings associations, U.S. branches and 

agencies of foreign banks, IBFs, and 


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79594 Federal Register / Vol. 89, No. 189 / Monday, September 30, 2024 / Notices 

significant banking organizations 

representing entities actively 

participating in the federal funds and/or 

other money markets. 

Total estimated number of 

respondents: 277. 

Total estimated change in burden: 

14,000. 

Total estimated annual burden hours: 

133,825. 

Board of Governors of the Federal Reserve 

System, September 25, 2024. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2024–22324 Filed 9–27–24; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

[File No. 232 3042] 

DoNotPay, Inc..; Analysis of Proposed 

Consent Order To Aid Public Comment 

AGENCY: Federal Trade Commission. 

ACTION: Proposed consent agreement; 

request for comment. 

SUMMARY: The consent agreement in this 

matter settles alleged violations of 

federal law prohibiting unfair or 

deceptive acts or practices. The attached 

Analysis of Proposed Consent Order to 

Aid Public Comment describes both the 

allegations in the complaint and the 

terms of the consent order—embodied 

in the consent agreement—that would 

settle these allegations. 

DATES: Comments must be received on 

or before October 30, 2024. 

ADDRESSES: Interested parties may file 

comments online or on paper by 

following the instructions in the 

Request for Comment part of the 

SUPPLEMENTARY INFORMATION section 

below. Please write ‘‘DoNotPay, Inc.; 

File No. 232 3042’’ 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, please mail your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 

600 Pennsylvania Avenue NW, Mail 

Stop H–144 (Annex D), Washington, DC 

20580. 

FOR FURTHER INFORMATION CONTACT: 

Keith Fentonmiller (202–326–2775), 

Attorney, Division of Advertising 

Practices, Bureau of Consumer 

Protection, Federal Trade Commission, 

600 Pennsylvania Avenue NW, 

Washington, DC 20580. 

SUPPLEMENTARY INFORMATION: Pursuant 

to section 6(f) of the Federal Trade 

Commission Act, 15 U.S.C. 46(f), and 

FTC Rule § 2.34, 16 CFR 2.34, notice is 

hereby given that the above-captioned 

consent agreement containing a consent 

order to cease and desist, having been 

filed with and accepted, subject to final 

approval, by the Commission, has been 

placed on the public record for a period 

of 30 days. The following Analysis to 

Aid Public Comment describes the 

terms of the consent agreement and the 

allegations in the complaint. An 

electronic copy of the full text of the 

consent agreement package can be 

obtained at https://www.ftc.gov/newsevents/commission-actions. 

You can file a comment online or on 

paper. For the Commission to consider 

your comment, we must receive it on or 

before October 30, 2024. Write 

‘‘DoNotPay, Inc.; File No. 232 3042’’ on 

your comment. Your comment— 

including your name and your state— 

will be placed on the public record of 

this proceeding, including, to the extent 

practicable, on the https://

www.regulations.gov website. 

Because of heightened security 

screening, postal mail addressed to the 

Commission will be subject to delay. We 

strongly encourage you to submit your 

comments online through the https://

www.regulations.gov website. If you 

prefer to file your comment on paper, 

write ‘‘DoNotPay, Inc.; File No. 232 

3042’’ on your comment and on the 

envelope, and mail your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 

600 Pennsylvania Avenue NW, Mail 

Stop H–144 (Annex D), Washington, DC 

20580. 

Because your comment will be placed 

on the publicly accessible website at 

https://www.regulations.gov, you are 

solely responsible for making sure your 

comment does not include any sensitive 

or confidential information. In 

particular, your comment should not 

include 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 your 

comment does not include 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 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 be filed in paper form, 

must be clearly labeled ‘‘Confidential,’’ 

and must 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 on the 

https://www.regulations.gov website—as 

legally required by FTC Rule § 4.9(b)— 

we cannot redact or remove your 

comment from that website, 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. 

Visit the FTC website at https://

www.ftc.gov to read this document and 

the news release describing the 

proposed settlement. The FTC Act and 

other laws 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 it 

receives on or before October 30, 2024. 

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. 

Analysis of Proposed Consent Order To 

Aid Public Comment 

The Federal Trade Commission 

(‘‘Commission’’) has accepted, subject to 

final approval, an agreement containing 

a consent order from DoNotPay, Inc. 

(‘‘DoNotPay’’). 

The proposed consent order 

(‘‘proposed order’’) has been placed on 

the public record for thirty days for 

receipt of comments by interested 

persons. Comments received during this 

period will become part of the public 

record. After thirty days, the 

Commission will again review the 

agreement and the comments received 

and will decide whether it should 

withdraw from the agreement and take 

appropriate action or make final the 

agreement’s proposed order. 

This matter involves DoNotPay’s 

reliance on the emergence of new 

technology like artificial intelligence 


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