Additional Designation of an Entity Pursuant to Executive Order 13224, 37529-37530 [E8-14838]
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Federal Register / Vol. 73, No. 127 / Tuesday, July 1, 2008 / Notices
DEPARTMENT OF THE TREASURY
sroberts on PROD1PC70 with NOTICES
Departmental Offices; Debt
Management Advisory Committee
Meeting
Notice is hereby given, pursuant to 5
U.S.C. App. 2, section 10(a)(2), that a
meeting will be held at the Hay-Adams
Hotel, 16th Street and Pennsylvania
Avenue, NW., Washington, DC, on July
29, 2008 at 10:30 a.m. of the following
debt management advisory committee:
Treasury Borrowing Advisory
Committee of the Securities Industry
and Financial Markets Association.
The agenda for the meeting provides
for a charge by the Secretary of the
Treasury or his designate that the
Committee discuss particular issues and
conduct a working session. Following
the working session, the Committee will
present a written report of its
recommendations. The meeting will be
closed to the public, pursuant to 5
U.S.C. App. 2, section 10(d) and Public
Law 103–202, section 202(c)(1)(B) (31
U.S.C. 3121 note).
This notice shall constitute my
determination, pursuant to the authority
placed in heads of agencies by 5 U.S.C.
App. 2, section 10(d) and vested in me
by Treasury Department Order No. 10
1–05, that the meeting will consist of
discussions and debates of the issues
presented to the Committee by the
Secretary of the Treasury and the
making of recommendations of the
Committee to the Secretary, pursuant to
Public Law 103–202, section
202(c)(l)(B). Thus, this information is
exempt from disclosure under that
provision and 5 U.S.C. 552b(c)(3)(B). In
addition, the meeting is concerned with
information that is exempt from
disclosure under 5 U.S.C. 552b(c)(9)(A).
The public interest requires that such
meetings be closed to the public because
the Treasury Department requires frank
and full advice from representatives of
the financial community prior to
making its final decisions on major
financing operations. Historically, this
advice has been offered by debt
management advisory committees
established by the several major
segments of the financial community.
When so utilized, such a committee is
recognized to be an advisory committee
under 5 U.S.C. App. 2, section 3.
Although the Treasury’s final
announcement of financing plans may
not reflect the recommendations
provided in reports of the Committee,
premature disclosure of the Committee’s
deliberations and reports would be
likely to lead to significant financial
speculation in the securities market.
Thus, this meeting falls within the
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exemption covered by 5 U.S.C.
552b(c)(9)(A).
Treasury staff will provide a technical
briefing to the press on the day before
the Committee meeting, following the
release of a statement of economic
conditions, financing estimates and
technical charts. This briefing will give
the press an opportunity to ask
questions about financing projections
and technical charts. The day after the
Committee meeting, Treasury will
release the minutes of the meeting, any
charts that were discussed at the
meeting, and the Committee’s report to
the Secretary.
The Office of Debt Management is
responsible for maintaining records of
debt management advisory committee
meetings and for providing annual
reports setting forth a summary of
Committee activities and such other
matters as may be informative to the
public consistent with the policy of 5
U.S.C. 552(b). The Designated Federal
Officer or other responsible agency
official who may be contacted for
additional information is Karthik
Ramanathan, Director, Office of Debt
Management, at (202) 622–2042.
Dated: June 20, 2008.
Anthony W. Ryan,
Assistant Secretary, Financial Markets.
[FR Doc. E8–14829 Filed 6–30–08; 8:45 am]
BILLING CODE 4810–25–M
DEPARTMENT OF THE TREASURY
Fiscal Service
Prompt Payment Interest Rate;
Contract Disputes Act
Bureau of the Public Debt,
Fiscal Service, Treasury.
ACTION: Notice.
AGENCY:
SUMMARY: For the period beginning July
1, 2008, and ending on December 31,
2008, the prompt payment interest rate
is 51⁄8 per centum per annum.
ADDRESSES: Comments or inquiries may
be mailed to Milissia S. Morris, Team
Leader, Borrowings Accounting Team,
Division of Accounting Operations,
Office of Public Debt Accounting,
Bureau of the Public Debt, Parkersburg,
West Virginia, 26106–1328. A copy of
this Notice is available at https://
www.publicdebt.treas.gov.
Effective July 1, 2008, to
December 31, 2008.
DATES:
FOR FURTHER INFORMATION CONTACT:
Mike Linder, Acting Director, Division
of Accounting Operations, Office of
Public Debt Accounting, Bureau of the
Public Debt, Parkersburg, West Virginia,
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37529
26106–1328, (304) 480–5125; Milissia S.
Morris, Team Leader, Borrowings
Accounting Team, Division of
Accounting Operations, Office of Public
Debt Accounting, Bureau of the Public
Debt, Parkersburg, West Virginia,
26106–1328, (304) 480–5167; Amy
Mertz Brown, Deputy Chief Counsel,
Office of the Chief Counsel, Bureau of
the Public Debt, (202) 504–3715; or
Brenda L. Hoffman, Attorney-Adviser,
Office of the Chief Counsel, Bureau of
the Public Debt, (202) 504–3706.
SUPPLEMENTARY INFORMATION: An agency
acquiring property or services from a
business concern that fails to pay for the
complete delivery of property or service
by the required payment date shall pay
the business concern an interest
penalty. 31 U.S.C. 3902(a) (2003). The
Contract Disputes Act of 1978, Section
12, Public Law 95–563, 92 Stat. 2389,
and, indirectly, the Prompt Payment Act
of 1982, 31 U.S.C. 3902(a), provide for
the calculation of interest due on claims
at the rate established by the Secretary
of the Treasury.
The Secretary of the Treasury has the
authority to specify the Prompt Payment
Interest Rate by which the interest shall
be computed for interest payments
under § 12 of the Contract Disputes Act
of 1978. 31 U.S.C. 3902(a) (2003).
Agencies must pay the interest penalty
calculated with the interest rate which
is in effect at the time the agency
accrues the obligation to pay a late
payment interest penalty. Id. ‘‘The
interest penalty shall be paid for the
period beginning on the date after the
required payment date and ending on
the date on which the payment is
made.’’ 31 U.S.C. 3902(b) (2003). If an
interest penalty is owed to a business
concern, the penalty shall be paid
regardless of whether the business
concern requested payment of money.
Therefore, notice is given that the
Secretary of the Treasury has
determined that the rate of interest
applicable for the period beginning
July 1, 2008, and ending on December
31, 2008, is 51⁄8 per centum per annum.
Kenneth E. Carfine,
Fiscal Assistant Secretary.
[FR Doc. E8–14769 Filed 6–30–08; 8:45 am]
BILLING CODE 4810–39–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Additional Designation of an Entity
Pursuant to Executive Order 13224
Office of Foreign Assets
Control, Treasury.
AGENCY:
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37530
ACTION:
Federal Register / Vol. 73, No. 127 / Tuesday, July 1, 2008 / Notices
Notice.
The Treasury Department’s
Office of Foreign Assets Control
(‘‘OFAC’’) is publishing the name of one
newly-designated entity whose property
and interests in property are blocked
pursuant to Executive Order 13224 of
September 23, 2001, ‘‘Blocking Property
and Prohibiting Transactions With
Persons Who Commit, Threaten To
Commit, or Support Terrorism.’’
DATES: The designation by the Director
of OFAC of the one entity identified in
this notice, pursuant to Executive Order
13224, is effective on June 19, 2008.
FOR FURTHER INFORMATION CONTACT:
Assistant Director, Compliance
Outreach & Implementation, Office of
Foreign Assets Control, Department of
the Treasury, Washington, DC 20220,
tel.: 202/622–2490.
SUPPLEMENTARY INFORMATION:
SUMMARY:
sroberts on PROD1PC70 with NOTICES
Electronic and Facsimile Availability
This document and additional
information concerning OFAC are
available from OFAC’s Web site
(https://www.treas.gov/ofac) or via
facsimile through a 24-hour fax-ondemand service, tel.: 202/622–0077.
Background
On September 23, 2001, the President
issued Executive Order 13224 (the
‘‘Order’’) pursuant to the International
Emergency Economic Powers Act, 50
U.S.C. 1701–1706, and the United
Nations Participation Act of 1945, 22
U.S.C. 287c. In the Order, the President
declared a national emergency to
address grave acts of terrorism and
threats of terrorism committed by
foreign terrorists, including the
September 11, 2001, terrorist attacks in
New York, Pennsylvania, and at the
Pentagon. The Order imposes economic
sanctions on persons who have
committed, pose a significant risk of
committing, or support acts of terrorism.
The President identified in the Annex to
the Order, as amended by Executive
Order 13268 of July 2, 2002, 13
individuals and 16 entities as subject to
the economic sanctions. The Order was
further amended by Executive Order
13284 of January 23, 2003, to reflect the
creation of the Department of Homeland
Security.
Section 1 of the Order blocks, with
certain exceptions, all property and
interests in property that are in or
hereafter come within the United States
or the possession or control of United
States persons, of: (1) Foreign persons
listed in the Annex to the Order; (2)
foreign persons determined by the
Secretary of State, in consultation with
the Secretary of the Treasury, the
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21:01 Jun 30, 2008
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Secretary of the Department of
Homeland Security and the Attorney
General, to have committed, or to pose
a significant risk of committing, acts of
terrorism that threaten the security of
U.S. nationals or the national security,
foreign policy, or economy of the United
States; (3) persons determined by the
Director of OFAC, in consultation with
the Departments of State, Homeland
Security and Justice, to be owned or
controlled by, or to act for or on behalf
of those persons listed in the Annex to
the Order or those persons determined
to be subject to subsection 1(b), 1(c), or
1(d)(i) of the Order; and (4) except as
provided in section 5 of the Order and
after such consultation, if any, with
foreign authorities as the Secretary of
State, in consultation with the Secretary
of the Treasury, the Secretary of the
Department of Homeland Security and
the Attorney General, deems
appropriate in the exercise of his
discretion, persons determined by the
Director of OFAC, in consultation with
the Departments of State, Homeland
Security and Justice, to assist in,
sponsor, or provide financial, material,
or technological support for, or financial
or other services to or in support of,
such acts of terrorism or those persons
listed in the Annex to the Order or
determined to be subject to the Order or
to be otherwise associated with those
persons listed in the Annex to the Order
or those persons determined to be
subject to subsection 1(b), 1(c), or 1(d)(i)
of the Order.
On June 19, 2008, the Director of
OFAC, in consultation with the
Departments of State, Homeland
Security, Justice and other relevant
agencies, designated, pursuant to one or
more of the criteria set forth in
subsections 1(b), 1(c) or 1(d) of the
Order, one entity whose property and
interests in property are blocked
pursuant to Executive Order 13224.
The designee is as follows: ALHARAMAIN ISLAMIC FOUNDATION,
P.O. Box 69606, Riyadh 11557, Saudi
Arabia; West Al-M’ather Street, Riyadh,
Saudi Arabia; all offices worldwide
[SDGT].
Dated: June 19, 2008.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. E8–14838 Filed 6–30–08; 8:45 am]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Additional Designation of Individuals
and Entities Pursuant to Executive
Order 13224
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
SUMMARY: The Treasury Department’s
Office of Foreign Assets Control
(‘‘OFAC’’) is publishing the names of six
newly-designated individuals and
entities whose property and interests in
property are blocked pursuant to
Executive Order 13224 of September 23,
2001, ‘‘Blocking Property and
Prohibiting Transactions With Persons
Who Commit, Threaten To Commit, or
Support Terrorism.’’
DATES: The designation by the Director
of OFAC of the six individuals and
entities identified in this notice,
pursuant to Executive Order 13224, is
effective on June 18, 2008.
FOR FURTHER INFORMATION CONTACT:
Assistant Director, Compliance
Outreach & Implementation, Office of
Foreign Assets Control, Department of
the Treasury, Washington, DC 20220,
tel.: 202/622–2490.
SUPPLEMENTARY INFORMATION:
Electronic and Facsimile Availability
This document and additional
information concerning OFAC are
available from OFAC’s Web site
(https://www.treas.gov/ofac) or via
facsimile through a 24-hour fax-ondemand service, tel.: 202/622–0077.
Background
On September 23, 2001, the President
issued Executive Order 13224 (the
‘‘Order’’) pursuant to the International
Emergency Economic Powers Act, 50
U.S.C. 1701–1706, and the United
Nations Participation Act of 1945, 22
U.S.C. 287c. In the Order, the President
declared a national emergency to
address grave acts of terrorism and
threats of terrorism committed by
foreign terrorists, including the
September 11, 2001, terrorist attacks in
New York, Pennsylvania, and at the
Pentagon. The Order imposes economic
sanctions on persons who have
committed, pose a significant risk of
committing, or support acts of terrorism.
The President identified in the Annex to
the Order, as amended by Executive
Order 13268 of July 2, 2002, 13
individuals and 16 entities as subject to
the economic sanctions. The Order was
further amended by Executive Order
13284 of January 23, 2003, to reflect the
E:\FR\FM\01JYN1.SGM
01JYN1
Agencies
[Federal Register Volume 73, Number 127 (Tuesday, July 1, 2008)]
[Notices]
[Pages 37529-37530]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-14838]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Additional Designation of an Entity Pursuant to Executive Order
13224
AGENCY: Office of Foreign Assets Control, Treasury.
[[Page 37530]]
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Treasury Department's Office of Foreign Assets Control
(``OFAC'') is publishing the name of one newly-designated entity whose
property and interests in property are blocked pursuant to Executive
Order 13224 of September 23, 2001, ``Blocking Property and Prohibiting
Transactions With Persons Who Commit, Threaten To Commit, or Support
Terrorism.''
DATES: The designation by the Director of OFAC of the one entity
identified in this notice, pursuant to Executive Order 13224, is
effective on June 19, 2008.
FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance
Outreach & Implementation, Office of Foreign Assets Control, Department
of the Treasury, Washington, DC 20220, tel.: 202/622-2490.
SUPPLEMENTARY INFORMATION:
Electronic and Facsimile Availability
This document and additional information concerning OFAC are
available from OFAC's Web site (https://www.treas.gov/ofac) or via
facsimile through a 24-hour fax-on-demand service, tel.: 202/622-0077.
Background
On September 23, 2001, the President issued Executive Order 13224
(the ``Order'') pursuant to the International Emergency Economic Powers
Act, 50 U.S.C. 1701-1706, and the United Nations Participation Act of
1945, 22 U.S.C. 287c. In the Order, the President declared a national
emergency to address grave acts of terrorism and threats of terrorism
committed by foreign terrorists, including the September 11, 2001,
terrorist attacks in New York, Pennsylvania, and at the Pentagon. The
Order imposes economic sanctions on persons who have committed, pose a
significant risk of committing, or support acts of terrorism. The
President identified in the Annex to the Order, as amended by Executive
Order 13268 of July 2, 2002, 13 individuals and 16 entities as subject
to the economic sanctions. The Order was further amended by Executive
Order 13284 of January 23, 2003, to reflect the creation of the
Department of Homeland Security.
Section 1 of the Order blocks, with certain exceptions, all
property and interests in property that are in or hereafter come within
the United States or the possession or control of United States
persons, of: (1) Foreign persons listed in the Annex to the Order; (2)
foreign persons determined by the Secretary of State, in consultation
with the Secretary of the Treasury, the Secretary of the Department of
Homeland Security and the Attorney General, to have committed, or to
pose a significant risk of committing, acts of terrorism that threaten
the security of U.S. nationals or the national security, foreign
policy, or economy of the United States; (3) persons determined by the
Director of OFAC, in consultation with the Departments of State,
Homeland Security and Justice, to be owned or controlled by, or to act
for or on behalf of those persons listed in the Annex to the Order or
those persons determined to be subject to subsection 1(b), 1(c), or
1(d)(i) of the Order; and (4) except as provided in section 5 of the
Order and after such consultation, if any, with foreign authorities as
the Secretary of State, in consultation with the Secretary of the
Treasury, the Secretary of the Department of Homeland Security and the
Attorney General, deems appropriate in the exercise of his discretion,
persons determined by the Director of OFAC, in consultation with the
Departments of State, Homeland Security and Justice, to assist in,
sponsor, or provide financial, material, or technological support for,
or financial or other services to or in support of, such acts of
terrorism or those persons listed in the Annex to the Order or
determined to be subject to the Order or to be otherwise associated
with those persons listed in the Annex to the Order or those persons
determined to be subject to subsection 1(b), 1(c), or 1(d)(i) of the
Order.
On June 19, 2008, the Director of OFAC, in consultation with the
Departments of State, Homeland Security, Justice and other relevant
agencies, designated, pursuant to one or more of the criteria set forth
in subsections 1(b), 1(c) or 1(d) of the Order, one entity whose
property and interests in property are blocked pursuant to Executive
Order 13224.
The designee is as follows: AL-HARAMAIN ISLAMIC FOUNDATION, P.O.
Box 69606, Riyadh 11557, Saudi Arabia; West Al-M'ather Street, Riyadh,
Saudi Arabia; all offices worldwide [SDGT].
Dated: June 19, 2008.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. E8-14838 Filed 6-30-08; 8:45 am]
BILLING CODE 4811-45-P