Federal Register / Vol. 87, No. 128 / Wednesday, July 6, 2022 / Notices 40239 

Ann E. Misback, Secretary of the Board, 

20th Street and Constitution Avenue 

NW, Washington DC 20551–0001, not 

later than July 21, 2022. 

A. Federal Reserve Bank of Dallas 

(Karen Smith, Director, Applications) 

2200 North Pearl Street, Dallas, Texas 

75201–2272: 

1. Jonesboro Bancshares, Inc., 

Jonesboro, Louisiana; to engage de novo 

in extending credit and servicing loans 

pursuant to section 225.28(b)(1) of the 

Board’s Regulation Y. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–14366 Filed 7–5–22; 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 July 21, 2022. 

A. Federal Reserve Bank of 

Minneapolis (Chris P. Wangen, 

Assistant Vice President), 90 Hennepin 

Avenue, Minneapolis, Minnesota 

55480–0291, or electronically to MA@

mpls.frb.org: 

1. The Alix E. Behm Revocable Living 

Trust, Alix E. Behm, as trustee; and the 

Kenneth M. Behm Revocable Living 

Trust, Kenneth M. Behm, as trustee, all 

of Willmar, Minnesota; to join the Behm 

Family Shareholder Group, a group 

acting in concert, to acquire voting 

shares of Kandiyohi Bancshares, Inc., 

Willmar, Minnesota, and thereby 

indirectly acquire voting shares of Home 

State Bank, Litchfield, Minnesota. 

B. Federal Reserve Bank of Dallas 

(Karen Smith, Director, Applications) 

2200 North Pearl Street, Dallas, Texas 

75201–2272: 

1. Scotty Dan Allen and Johnny Brad 

Allen, both of Stephenville, Texas; as a 

group acting in concert to acquire 

additional voting shares of F & M 

Bancshares, Inc., and thereby indirectly 

acquire voting shares of Farmers and 

Merchants Bank, both of De Leon, 

Texas. In addition, Scotty Dan Allen, 

individually, to retain voting shares of 

F & M Bancshares, Inc., and thereby 

indirectly retain voting shares of 

Farmers and Merchants Bank. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–14379 Filed 7–5–22; 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, without revision, the Notice 

by Financial Institutions of Government 

Securities Broker or Government 

Securities Dealer Activities and Notice 

by Financial Institutions of Termination 

of Activities as a Government Securities 

Broker or Government Securities Dealer 

(Form G–FIN and Form G–FINW; OMB 

No. 7100–0224). 

DATES: Comments must be submitted on 

or before September 6, 2022. 

ADDRESSES: You may submit comments, 

identified by Form G–FIN or Form G– 

FINW, 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. 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, Washington, DC 20551, (202) 

452–3829. 

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, and other 

documentation, will be made available 


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40240 Federal Register / Vol. 87, No. 128 / Wednesday, July 6, 2022 / Notices 

1 Due to the mechanics of the RISC/OIRA 

Consolidated Information System (ROCIS), 

fractional amounts below 0.5 are rounded to 0. 

2 15 U.S.C. 78o–5(a)(l)(B). 

3These forms are also collected by the FDIC and 

the OCC, respectively, for government securities 

brokers and dealers under their supervision. A copy 

of the form filed with each ARA is also made 

available by the ARA to the SEC under the Act. 15 

U.S.C. 78o–5(a)(1)(B)(iii). 

4 15 U.S.C. 78o–5(a)(l)(B)(ii). 

5The Act permits the Secretary of the Treasury 

to exempt certain government securities brokers or 

dealers, 15 U.S.C. 78o–5(a)(5), and the Secretary of 

the Treasury has promulgated regulations 

exempting certain types of firms. See 17 CFR part 

401. 

6See 17 CFR 400.1(d), 449.1, and 449.2; see also 

17 CFR 400.5(b) (requiring that any amendments or 

corrections to the notice of status of government 

securities broker or dealer be filed by the financial 

institution on Form G–FIN within 30 days). 

7 15 U.S.C. 78o–5(b)(3)(A). See 15 U.S.C. 78o– 

5(a)(1)(B). 

8 12 U.S.C. 3107 and 3108. 

9 12 U.S.C. 625. 

on the Board’s public website at https:// 

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears above. 

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, 

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, 

Without Revision, the Following 

Information Collections 

Collection title: Notice by Financial 

Institutions of Government Securities 

Broker or Government Securities Dealer 

Activities and Notice by Financial 

Institutions of Termination of Activities 

as a Government Securities Broker or 

Government Securities Dealer. 

Collection identifiers: Form G–FIN 

and Form G–FINW. 

OMB control number: 7100–0224. 

Frequency: Event-generated. 

Respondents: State member banks, 

foreign banks, uninsured state branches 

or state agencies of foreign banks, 

commercial lending companies owned 

or controlled by foreign banks, and Edge 

Act corporations (collectively, Boardregulated financial institutions) that are 

required to register as government 

security brokers or government security 

dealers and those entities that have 

terminated such activities. 

Estimated number of respondents: 

Reporting 

Form G–FIN: 39; Form G–FINW: 1 

Recordkeeping 

Form G–FIN: 39; Form G–FINW: 1 

Estimated average hours per response: 

Reporting 

Form G–FIN: 1; Form G–FINW: 0.25 

Recordkeeping 

Form G–FIN: 0.25; Form G–FINW: 0.25 

Estimated annual burden hours: 

Reporting 

Form G–FIN: 39; Form G–FINW: 10 

Recordkeeping 

Form G–FIN: 0; Form G–FINW: 0 1

General description of collection: The 

Securities Exchange Act of 1934, as 

amended (the Act), requires financial 

institutions to notify their appropriate 

regulatory agency (ARA) prior to using 

the mails or any means or 

instrumentality of interstate commerce 

to engage in government securities 

broker or dealer activities, and to notify 

their ARA upon terminating such 

activities. The Board is the ARA for 

Board-regulated financial institutions. A 

Board-regulated financial institution 

must use Form G–FIN to register as a 

government securities broker or dealer 

or to amend a previously submitted 

Form G–FIN and must use Form G– 

FINW to notify the Board of its 

termination of such activities. 

Legal authorization and 

confidentiality: Form G–FIN and Form 

G–FINW are authorized under section 

15C of the Act,2 which requires a 

financial institution that is a broker or 

dealer of government securities to 

submit a written notice advising its 

ARA that it is a government securities 

broker or a government securities dealer 

or that it has ceased to act as such. The 

Act also directs the Board, in 

consultation with the other ARAs (the 

Federal Deposit Insurance Corporation 

(FDIC) and the Office of the Comptroller 

of the Currency (OCC)),3 as well as with 

the Securities and Exchange 

Commission (SEC), to prescribe the form 

of and the information collected in these 

notices.4 Further support for the 

creation and collection of these notices 

by the Board is found in Department of 

Treasury (Treasury) regulations, 

authorized by section 15 of the Act, 

which state that the Form G–FIN and 

Form G–FINW are promulgated by the 

Board and that such forms are to be 

used by non-exempt 5 financial 

institutions to notify their ARA of their 

status as government securities brokers 

or dealers or the termination of such 

status.6

Section 15C of the Act also instructs 

the Secretary of the Treasury to 

promulgate recordkeeping requirements 

regarding the forms and records to be 

retained by government securities 

brokers and dealers and to specify the 

time period for which such records shall 

be preserved. Accordingly, the 

recordkeeping requirement associated 

with these forms is contained in 17 CFR 

404.4, which requires state member 

banks and uninsured state branches or 

state agencies of foreign banks, as well 

as other institutions, to retain these 

forms for three years after the financial 

institution notifies its ARA that it has 

ceased to function as a government 

securities broker or dealer. Although 

Treasury’s recordkeeping requirement 

does not explicitly apply to foreign 

banks, to Edge corporations, or to 

commercial lending companies that are 

owned or controlled by foreign banks, 

the Board has the authority to ‘‘issue 

such rules and regulations with respect 

to transactions in government securities 

as may be necessary to prevent 

fraudulent and manipulative acts and 

practices and to promote just and 

equitable principles of trade.’’ 7

Imposing a recordkeeping requirement 

on foreign banks, Edge corporations, 

and commercial lending companies 

owned or controlled by foreign banks is 

necessary for the public interest and 

protection of investors in order to 

ensure that the proper notification has 

been provided when these institutions 

are transacting in government securities. 

In addition, the Board is authorized to 

impose recordkeeping requirements on 

foreign banks,8 Edge corporations,9 and 

on commercial lending companies that 

are owned or controlled by foreign 


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Federal Register / Vol. 87, No. 128 / Wednesday, July 6, 2022 / Notices 40241 

10 12 U.S.C. 3106, as applied through 12 U.S.C. 

1844(c). 11 15 U.S.C. 78o–5(a)(l)(B)(iii). 12The Board’s Regulation H provides that any 

person filing any statement, report, or document 

under the Act may submit written objection to the 

public disclosure of the information when such 

information is filed in accordance with the 

procedures provided in 12 CFR 208.36(d). In 

addition, if a respondent believes that information 

disclosed on these forms constitutes nonpublic 

commercial or financial information, which is both 

customarily and actually treated as private by the 

respondent, the respondent may request 

confidential treatment pursuant to exemption 4 of 

the Freedom of Information Act (FOIA) pursuant to 

the Board’s Rules Regarding the Availability of 

Information, 12 CFR 261.15. 

13 Generally, information provided on Form 

MSD–4 and Form MSD–5 will be kept confidential 

from the public under exemption 6 of the FOIA, 

which protects information in ‘‘personnel and 

medical files and similar files the disclosure of 

which would constitute a clearly unwarranted 

invasion of personal privacy.’’ 5 U.S.C. 552(b)(6). In 

addition, other information on Form MSD–4 and 

Form MSD–5, such as the name of the municipal 

securities dealer that filed the form, may be 

withheld under exemption 4 of the FOIA, if it 

constitutes nonpublic commercial or financial 

information, which is both customarily and actually 

treated as private by the respondent (e.g., if a 

municipal securities dealer recently hired or 

terminated a number of municipal securities 

employees, disclosing these forms could reveal 

competitively sensitive commercial information 

about that dealer). 5 U.S.C. 552(b)(4). We note that 

FINRA’s Form U–4 collects the social security 

number and other personally identifiable 

information about an individual, which may be 

withheld under the Privacy Act, 5 U.S.C. 552b. In 

addition, Treasury’s Form G–FIN–4 states ‘‘[t]he 

Department of the Treasury and the appropriate 

regulatory agencies regard the information provided 

by each respondent on this form as confidential.’’ 

banks.10 The obligation to file the Form 

G–FIN and Form G–FINW with the 

Board, and the obligation for the 

government securities broker or dealer 

to retain a copy of the Form G–FIN and 

Form G–FINW, is mandatory for those 

financial institutions for which the 

Board serves as the ARA, unless the 

financial institution is exempt from the 

reporting requirement under Treasury’s 

regulations. The filing of these forms 

and the records retention period is 

event-generated. 

Under the Act, each ARA is instructed 

to make these forms available to the 

SEC, and the SEC is instructed to make 

the notices available to the public.11

Thus, the information collected on Form 

G–FIN and Form G–FINW is ordinarily 

not treated as confidential.12 However, 

given that Item 6 of Form G–FIN 

instructs the filer to attach copies of the 

confidential Form G–FIN–4, or if 

applicable, to attach copies of any 

previously filed confidential Form 

MSD–4 or confidential Form U–4, such 

attachments may be treated as 

confidential by the Board under 

exemptions 4 and/or 6 of the Freedom 

of Information Act.13

Consultation outside the agency: The 

Board consulted with the FDIC, OCC, 

and SEC in confirming that there were 

no changes needed to the collection as 

part of this clearance. 

Board of Governors of the Federal Reserve 

System, June 30, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–14375 Filed 7–5–22; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

[File No. 222 3012] 

MWE Investments, LLC; 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 draft 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 August 5, 2022. 

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 ‘‘MWE Investments, 

LLC; File No. 222 3012’’ 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 D), Washington, DC 

20580. 

FOR FURTHER INFORMATION CONTACT: 

Melissa Dickey (202–326–2662), 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 thirty (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/news-events/commissionactions. 

You can file a comment online or on 

paper. For the Commission to consider 

your comment, we must receive it on or 

before August 5, 2022. Write ‘‘MWE 

Investments, LLC; File No. 222 3012’’ 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 ‘‘MWE Investments, LLC; 

File No. 222 3012’’ 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, Suite CC–5610 (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, 


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