[Federal Register Volume 67, Number 23 (Monday, February 4, 2002)]
[Notices]
[Page 5129]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-2551]


=======================================================================
-----------------------------------------------------------------------

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 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 $18,193,000 for section 8(a)(1), and $1,819,300 for 
Section 8(a)(2)(A).

EFFECTIVE DATE: February 4, 2002.

FOR FURTHER INFORMATION CONTACT: H. Gabriel Dagen, Bureau of 
Competition, Office of Accounting and Financial Analysis, (202) 326-
2573.

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

    By direction of the Commission.
Donald S. Clark,
Secretary.
[FR Doc. 02-2551 Filed 2-1-02; 8:45 am]
BILLING CODE 6750-01-M