3540 Federal Register / Vol. 87, No. 15 / Monday, January 24, 2022 / Notices 

2The commenters also noted that the proposed 

reporting instructions were not made publicly 

available at the time the proposal was published in 

the Federal Register and requested that certain 

proposed changes to the instructions not be adopted 

as a result. The initial Federal Register notice stated 

that copies of the reporting form and instructions 

could be requested from the Board’s clearance 

officer, who was also identified in the notice. In 

response to the commenters’ letter, the proposed 

form and instructions were provided to the 

commenters and posted on the Board’s public 

website. 

modifications intended to mitigate any 

increase in reporting burden. 

Same Day Submission Deadline for 

Parts A, B, and D of FR 2420 

The commenters indicated that the 

proposed same-day deadline for 

submission of data related to Federal 

Funds Purchased (Part A), Eurodollars 

(Part B), and Selected Deposits (Part D) 

transactions from the morning after the 

transaction is completed (next-day 

deadline) to the evening the transaction 

is completed (same-day deadline) would 

not be feasible for certain reporters and 

would leave insufficient time for 

reporting controls and other due 

diligence processes. The commenters 

also suggested that the proposed 

deadline would lead to an increase in 

re-filings of the FR 2420 report, as firms 

would need to re-file to correct mistakes 

which would also increase the reporting 

burden. 

In consideration of the additional 

burden on certain reporters that would 

have resulted from the proposed sameday deadline, the Board has not 

finalized this proposed revision to the 

FR 2420. The deadline for the above 

noted parts of FR 2420 will remain 7 

a.m. ET on the day after the transaction 

date. However, the Board will 

nonetheless encourage firms to submit 

reports as early as possible in order to 

reduce operational risk associated with 

the publication of reference rates. The 

majority of reporting firms already 

submit data for these parts of FR 2420 

on the same day as the transactions are 

completed, and the Board encourages 

other reporters to follow this convention 

when practicable. Reducing risks 

associated with reference rates 

production provides benefits to the 

public and financial markets, in 

addition to aiding monetary policy 

implementation, and the Board may 

repropose a same-day submission 

deadline in connection with a future 

renewal of the FR 2420. 

Submission Deadline for Part C of FR 

2420 

The commenters requested that 

implementation of the proposed earlier 

next-day deadline for Part C of FR 2420 

be delayed at least until August 1, 2022, 

or 12 months after the release of the 

final form and instructions. The 

commenters argue that this later 

implementation date is needed for 

reporting firms to have sufficient time to 

adjust their internal reporting and 

control processes to accommodate the 

earlier reporting deadline. In light of the 

additional burden for reporting firms, 

the Board will require compliance with 

the next-day deadline for Part C, along 

with other changes to the instructions, 

starting on September 1, 2022. 

Changes to Instructions 

One commenter opposed several 

additions to the FR 2420 instructions, 

including provisions concerning 

securities lending, CDARS, and insured 

cash sweep transactions. Regarding 

securities lending transactions 

collateralized by cash, the commenter 

inquired why these transactions would 

be considered selected deposits. With 

respect to CDARS and insured cash 

sweep transactions, the commenter 

asserted that the proposed additions to 

the instructions may entail a significant 

increase in firms’ reporting burden, as 

the added language appeared to require 

data that may not be in the possession 

of reporting firms, but rather third 

parties. In response to the concerns 

raised by the commenter, the Board will 

not include the proposed additions 

concerning securities lending, CDARS, 

and insured cash sweep transactions in 

the final instructions.2

The Board adopted the remaining 

revisions to the FR 2420 as proposed. 

Board of Governors of the Federal Reserve 

System, January 19, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–01259 Filed 1–21–22; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Savings 

and Loan Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (‘‘Act’’) (12 U.S.C. 1817(j)) 

and of the Board’s Regulation LL (12 

CFR 238.31) to acquire shares of a 

savings and loan holding company. The 

factors that are considered in acting on 

the notices 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 February 8, 2022. 

A. Federal Reserve Bank of 

Minneapolis (Chris P. Wangen, 

Assistant Vice President), 90 Hennepin 

Avenue, Minneapolis, Minnesota 

55480–0291. Comments can also be sent 

electronically to MA@mpls.frb.org: 

1. Scott D. Hewitt, Park Rapids, 

Minnesota; to acquire voting shares of 

Dorset Bancshares, Inc., and thereby 

indirectly acquire voting shares of 

Northwoods Bank of Minnesota, all of 

Park Rapids, Minnesota. 

A. Federal Reserve Bank of Kansas 

City (Jeffrey Imgarten, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. Xinwei Lu, Glen Head, New York; 

Peter Sasaki, New York, New York; John 

Zeng, Newport Coast, California; and 

Beidi Zheng, Los Gatos, California; to 

form a group acting in concert to acquire 

voting shares of My Anns Corporation, 

and thereby indirectly acquire voting 

shares of Piqua State Bank, both of 

Piqua, Kansas. 

Board of Governors of the Federal Reserve 

System, January 19, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–01257 Filed 1–21–22; 8:45 am] 

BILLING CODE P 

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 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 15 / Monday, January 24, 2022 / Notices 3541 

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 $41,034,000 for 

Section 8(a)(1), and $4,103,400 for 

Section 8(a)(2)(A). 

DATES: January 24, 2022. 

FOR FURTHER INFORMATION CONTACT: 

Christopher M. Grengs, (202–326–2612), 

Bureau of Competition, Office of Policy 

and Coordination. 

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

April J. Tabor, 

Secretary. 

[FR Doc. 2022–01215 Filed 1–21–22; 8:45 am] 

BILLING CODE 6750–01–P 

FEDERAL TRADE COMMISSION 

Revised Jurisdictional Thresholds for 

Section 7A of the Clayton Act 

AGENCY: Federal Trade Commission. 

ACTION: Notice. 

SUMMARY: The Federal Trade 

Commission announces the revised 

thresholds for the Hart-Scott-Rodino 

Antitrust Improvements Act of 1976 

required by the 2000 amendment of 

Section 7A of the Clayton Act. 

DATES: February 23, 2022. 

FOR FURTHER INFORMATION CONTACT: 

Nora Whitehead (202–326–3100), 

Bureau of Competition, Premerger 

Notification Office, 400 7th Street SW, 

Room 5301, Washington, DC 20024. 

SUPPLEMENTARY INFORMATION: Section 

7A of the Clayton Act, 15 U.S.C. 18a, as 

added by the Hart-Scott-Rodino 

Antitrust Improvements Act of 1976, 

Public Law 94–435, 90 Stat. 1390 (‘‘the 

Act’’), requires all persons 

contemplating certain mergers or 

acquisitions, which meet or exceed the 

jurisdictional thresholds in the Act, to 

file notification with the Commission 

and the Assistant Attorney General and 

to wait a designated period of time 

before consummating such transactions. 

Section 7A(a)(2) requires the Federal 

Trade Commission to revise those 

thresholds annually, based on the 

change in gross national product, in 

accordance with Section 8(a)(5). Note 

that while the filing fee thresholds are 

revised annually, the actual filing fees 

are not similarly indexed and, as a 

result, have not been adjusted for 

inflation in over a decade. The new 

thresholds, which take effect 30 days 

after publication in the Federal 

Register, are as follows: 

Subsection of 7A 

Original 

threshold 

(million) 

Adjusted threshold 

(million) 

7A(a)(2)(A) ................................................................................................................................................. $200 $403.9. 

7A(a)(2)(B)(i) .............................................................................................................................................. 50 101. 

7A(a)(2)(B)(i) .............................................................................................................................................. 200 403.9. 

7A(a)(2)(B)(ii)(i) .......................................................................................................................................... 10 20.2. 

7A(a)(2)(B)(ii)(i) .......................................................................................................................................... 100 202. 

7A(a)(2)(B)(ii)(II) ........................................................................................................................................ 10 20.2. 

7A(a)(2)(B)(ii)(II) ........................................................................................................................................ 100 202. 

7A(a)(2)(B)(ii)(III) ....................................................................................................................................... 100 202. 

7A(a)(2)(B)(ii)(III) ....................................................................................................................................... 10 20.2. 

Section 7A note: Assessment and Collection of Filing Fees 1 (3)(b)(1) ................................................... 100 202. 

Section 7A note: Assessment and Collection of Filing Fees (3)(b)(2) ..................................................... 100 202. 

Section 7A note: Assessment and Collection of Filing Fees (3)(b)(2) ..................................................... 500 1.0098 billion. 

Section 7A note: Assessment and Collection of Filing Fees (3)(b)(3) ..................................................... 500 1.0098 billion. 

1Public Law 106–553, Sec. 630(b) amended Sec. 18a note. 

Any reference to these thresholds and 

related thresholds and limitation values 

in the HSR rules (16 CFR parts 801–803) 

and the Antitrust Improvements Act 

Notification and Report Form (‘‘the HSR 

Form’’) and its Instructions will also be 

adjusted, where indicated by the term 

‘‘(as adjusted)’’, as follows: 

Original threshold Adjusted threshold 

$10 million .............. $20.2 million. 

$50 million .............. $101 million. 

$100 million ............ $202 million. 

$110 million ............ $222.2 million. 

$200 million ............ $403.9 million. 

$500 million ............ $1.0098 billion. 

$1 billion ................. $2.0196 billion. 

By direction of the Commission. 

April J. Tabor, 

Secretary. 

[FR Doc. 2022–01214 Filed 1–21–22; 8:45 am] 

BILLING CODE 6750–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Centers for Disease Control and 

Prevention 

Notice of Award of a Single-Source 

Cooperative Agreement To Fund 

National Institute for Communicable 

Diseases (NICD), South Africa 

AGENCY: Centers for Disease Control and 

Prevention (CDC), Department of Health 

and Human Services (HHS). 

ACTION: Notice. 

SUMMARY: The Centers for Disease 

Control and Prevention (CDC), located 

within the Department of Health and 

Human Services (HHS), announces the 

award of approximately $5,000,000 for 

Year 1 of funding to the National 

Institute for Communicable Diseases 

(NICD), South Africa. The award will 

provide accurate, timely, and highquality strategic information to enable 

the South African Government (SAG) to 

track critical infectious disease 

pathogens, monitor interventions, and 

inform policy and programming to 

reduce disease transmission and 

burden. Annual award amounts for 

years 2–5 will be set at continuation. 

DATES: The period for this award will be 

September 30, 2022, through September 

29, 2027. 

FOR FURTHER INFORMATION CONTACT: Dr. 

Karidia Diallo, Center for Global Health, 

Centers for Disease Control and 


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