2422 Federal Register / Vol. 80, No. 11 / Friday, January 16, 2015 / Notices 

fdic.primetime.mediaplatform.com/#!/

channel/1232003497484/

Board+Meetings to view the event. If 

you need any technical assistance, 

please visit our Video Help page at: 

http://www.fdic.gov/video.html. 

The FDIC will provide attendees with 

auxiliary aids (e.g., sign language 

interpretation) required for this meeting. 

Those attendees needing such assistance 

should call 703–562–2404 (Voice) or 

703–649–4354 (Video Phone) to make 

necessary arrangements. 

Requests for further information 

concerning the meeting may be directed 

to Mr. Robert E. Feldman, Executive 

Secretary of the Corporation, at 202– 

898–7043. 

Dated: January 14, 2015. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2015–00800 Filed 1–14–15; 4:15 pm] 

BILLING CODE 6714–01–P 

FEDERAL ELECTION COMMISSION 

Sunshine Act Meeting 

AGENCY: Federal Election Commission. 

DATE & TIME: Tuesday, January 13, 2015 

AT 10:00 a.m. and its continuation on 

Thursday January 15, 2015 at the 

conclusion of the open meeting. 

PLACE: 999 E Street NW., Washington, 

DC. 

STATUS: This meeting will be closed to 

the public. 

Federal Register Citation of Previous 

Announcement—80 FR 1030 (January 

8, 2015) 

CHANGE IN THE MEETING: The 

Commission also discussed information 

the premature disclosure of which 

would be likely to have a considerable 

adverse effect on the implementation of 

a proposed Commission action. 

* * * * * 

PERSON TO CONTACT FOR INFORMATION: 

Judith Ingram, Press Officer, Telephone: 

(202) 694–1220. 

Shelley E. Garr, 

Deputy Secretary of the Commission. 

[FR Doc. 2015–00771 Filed 1–14–15; 4:15 pm] 

BILLING CODE 6715–01–P 

FEDERAL MINE SAFETY AND HEALTH 

REVIEW COMMISSION 

Sunshine Act Notice 

January 14, 2015 

TIME AND DATE: 10:00 a.m., Thursday, 

January 29, 2015. 

PLACE: The Richard V. Backley Hearing 

Room, Room 511N, 1331 Pennsylvania 

Avenue NW., Washington, DC 20004 

(enter from F Street entrance). 

STATUS: Open. 

MATTERS TO BE CONSIDERED: The 

Commission will hear oral argument in 

the matter Mill Branch Coal Corp. v. 

Secretary of Labor, Docket Nos. VA 

2012–435–R et al. (Issues include 

whether the Administrative Law Judge 

erred in upholding certain imminent 

danger orders.) 

Any person attending this oral 

argument who requires special 

accessibility features and/or auxiliary 

aids, such as sign language interpreters, 

must inform the Commission in advance 

of those needs. Subject to 29 CFR 

2706.150(a)(3) and § 2706.160(d). 

CONTACT PERSON FOR MORE INFO: 

Emogene Johnson (202) 434–9935/(202) 

708–9300 for TDD Relay/1–800–877– 

8339 for toll free. 

Sarah L. Stewart, 

Deputy General Counsel. 

[FR Doc. 2015–00720 Filed 1–14–15; 4:15 pm] 

BILLING CODE 6735–01–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 applications listed below, as well 

as other related filings required by the 

Board, are available for immediate 

inspection at the Federal Reserve Bank 

indicated. The applications will also be 

available for inspection at the offices of 

the Board of Governors. Interested 

persons may express their views in 

writing on the standards enumerated in 

the BHC Act (12 U.S.C. 1842(c)). If the 

proposal also involves the acquisition of 

a nonbanking company, the review also 

includes whether the acquisition of the 

nonbanking company complies with the 

standards in section 4 of the BHC Act 

(12 U.S.C. 1843). Unless otherwise 

noted, nonbanking activities will be 

conducted throughout the United States. 

Unless otherwise noted, comments 

regarding each of these applications 

must be received at the Reserve Bank 

indicated or the offices of the Board of 

Governors not later than February 12, 

2015. 

A. Federal Reserve Bank of Chicago 

(Colette A. Fried, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414: 

1. CB Edinburg Holdings, Inc., 

Edinburg, Illinois; to become a bank 

holding company by acquiring 100 

percent of the voting shares of Citizens 

Bank of Edinburg, Edinburg, Illinois. 

Board of Governors of the Federal Reserve 

System, January 13, 2015. 

Michael J. Lewandowski, 

Associate Secretary of the Board. 

[FR Doc. 2015–00615 Filed 1–15–15; 8:45 am] 

BILLING CODE 6210–01–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 (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 

notices are set forth in paragraph 7 of 

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

The notices are available for 

immediate inspection at the Federal 

Reserve Bank indicated. The notices 

also will be available for inspection at 

the offices of the Board of Governors. 

Interested persons may express their 

views in writing to the Reserve Bank 

indicated for that notice or to the offices 

of the Board of Governors. Comments 

must be received not later than February 

2, 2015. 

A. Federal Reserve Bank of Chicago 

(Colette A. Fried, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414: 

1. Saltzman Family (Theodore G. 

Saltzman, Jr.; Shennen S.C. Saltzman, 

both of Dakota Dunes, South Dakota; 

and Sundae M. Saltzman Haggerty, 

South Sioux City, Nebraska) as a group 

acting in concert; to retain control of 

Pioneer Development Company, 

Sergeant Bluff, Iowa, and thereby 

indirectly control of Pioneer Bank, 

Sergeant Bluff, Iowa. 


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Federal Register / Vol. 80, No. 11 / Friday, January 16, 2015 / Notices 2423 

1The purpose of this remedy study differs from 

the aims of other more specific, in-depth merger 

retrospectives, such as those examining hospital, 

petroleum, and grocery store mergers. 

Board of Governors of the Federal Reserve 

System, January 12, 2015. 

Michael J. Lewandowski, 

Assistant Secretary of the Board. 

[FR Doc. 2015–00559 Filed 1–15–15; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request 

AGENCY: Federal Trade Commission 

(‘‘Commission’’ or ‘‘FTC’’). 

ACTION: Notice; request for comments. 

SUMMARY: The Commission plans to 

conduct a study to update and expand 

on the divestiture study it conducted in 

the mid-1990s to assess the effectiveness 

of the Commission’s policies and 

practices regarding remedial orders 

where the Commission has permitted a 

merger but required a divestiture or 

other remedy, and identify the factors 

that contributed to the Commission 

successfully or unsuccessfully achieving 

the remedial goals of the orders. This is 

the first of two notices required under 

the Paperwork Reduction Act (‘‘PRA’’) 

in which the Commission seeks public 

comment on its proposed study before 

requesting Office of Management and 

Budget (‘‘OMB’’) review of, and 

clearance for, the collection of 

information discussed herein. 

DATES: Comments must be received on 

or before March 17, 2015. 

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 ‘‘Remedy Study, FTC File 

No. P143100’’ on your comment and file 

your comment online at https://

ftcpublic.commentworks.com/ftc/

hsr2014divestiturestudypra by following 

the instructions on the web-based form. 

If you prefer to file your comment on 

paper, write ‘‘Remedy Study, FTC File 

No. P143100’’ 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 J), Washington, DC 

20580, or deliver your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 

Constitution Center, 400 7th Street SW., 

5th Floor, Suite 5610 (Annex J), 

Washington, DC 20024. 

FOR FURTHER INFORMATION CONTACT: 

Daniel P. Ducore, Assistant Director, 

202–326–2526, Compliance Division, 

Bureau of Competition, Federal Trade 

Commission, Washington, DC 20580, or 

Timothy Deyak, Associate Director, 

202–326–3742, Bureau of Economics, 

Federal Trade Commission, 

Washington, DC 20580. 

SUPPLEMENTARY INFORMATION: 

I. Summary 

The FTC, along with the Antitrust 

Division of the Department of Justice, 

enforces the antitrust laws. Under this 

authority, the Commission examines 

consummated and proposed 

transactions to determine whether 

anticompetitive effects are likely 

because of the transaction. Each year, 

the Commission challenges a number of 

transactions. Most of those are resolved 

through a consent order providing a 

remedy to address the competitive 

concern. In horizontal mergers, the 

Commission typically requires a 

divestiture of assets to remedy the 

probable anticompetitive effects of the 

transaction. In a study that began in 

1995 and culminated with the 

publication of a report in August 1999, 

the FTC’s Bureau of Competition 

evaluated those divestitures the 

Commission ordered from FY 1990 

through FY 1994. The Commission 

refined and improved its divestiture 

orders partly as a result of that study. 

The Commission now proposes a new 

study to focus on more recent orders, 

both divestiture orders that incorporated 

modifications based on the prior study 

and orders that required remedies other 

than divestitures. 

II. Background 

In the mid-1990s, taking advantage of 

its unique research and study function, 

the Commission authorized a study of 

Commission-ordered divestitures. As 

part of that study, which was conducted 

by the Bureaus of Competition and 

Economics, Commission staff 

interviewed thirty-seven buyers out of 

the fifty that acquired assets under the 

thirty-five orders the Commission 

issued from FY 1990 through FY 1994. 

The study yielded valuable information. 

The FTC’s Bureau of Competition 

synthesized, summarized, and made 

available to the public the learning 

gained from the interviews, in a report 

the Bureau of Competition issued in 

August 1999. The report is available on 

the FTC’s Web site at http://

www.ftc.gov/sites/default/files/

attachments/merger-review/

divestiture.pdf. 

Based on the study, the Commission 

implemented several changes to its 

divestiture process. First, it shortened 

the divestiture period from a largely 

standard twelve months to six or fewer 

months. Second, recognizing the risks 

posed by divestitures of assets that 

comprised less than an on-going 

business, the Commission began more 

consistently requiring up-front buyers in 

cases in which it allowed such a 

divestiture. Third, the Commission 

began requiring monitors more 

frequently, particularly in divestitures 

in technology and pharmaceutical 

industries. These changes were 

implemented almost immediately, and 

the Commission and its staff still rely on 

the findings from the study as they craft 

and enforce the Commission’s remedies. 

The FTC has not conducted a broad 

review of its divestitures since the 

earlier study and the resulting 

modifications based on it. Accordingly, 

the Commission now proposes a new 

study to focus on more recent orders, 

many of which incorporated these 

modifications, and to include some 

orders that did not require divestitures. 

III. FTC’s Proposed Study 

A. Description of the Collection of 

Information and Proposed Use 

Since the period covered by the prior 

remedy study through 2013, the 

Commission issued 281 orders in 

merger cases. Of those, the Commission 

proposes to study all ninety-two orders 

issued from 2006 through 2012. The 

Commission chose the latter period 

because it is not so long ago that the 

parties are likely to have forgotten 

details, but it is sufficiently long to 

assess whether divestiture orders 

created new competitors and whether 

merger orders, including divestiture 

orders, achieved their remedial goals.1

The industries covered in this period 

are generally representative of those in 

the longer period from 1995 through 

2013. 

The Commission proposes to use a 

similar case study method as was used 

in the earlier study to evaluate the 

majority of the orders the Commission 

issued during this period. Staff will 

employ this approach on the fifty-three 

orders in which the Commission 

required a remedy in a variety of 

markets ranging from fishing lines, 

pipelines, and specialty metals to 

medical market research, pesticides, 

rock salt, and chemical rust inhibitors. 

The Appendix lists the fifty-three orders 

in chronological order based on the date 

first accepted by the Commission. Of the 

fifty-three merger orders the 

Commission issued during this period, 

forty-three orders required divestitures; 


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