Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation, 72498-72499 [2011-30160]

Download as PDF 72498 Federal Register / Vol. 76, No. 226 / Wednesday, November 23, 2011 / Notices OCC: Ira L. Mills or Mary H. Gottlieb, OCC Clearance Officers, (202) 874–5090, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 250 E Street SW., Washington, DC 20219. Board: Cynthia Ayouch, Federal Reserve Board Clearance Officer, (202) 452–3829, Division of Research and Statistics, Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. Telecommunications Device for the Deaf (TDD) users may call (202) 263–4869. FDIC: Gary Kuiper, Counsel, (202) 898–3719, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. SUPPLEMENTARY INFORMATION: Proposal to extend for three years, without revision, the following currently approved collections of information: Report Title: Country Exposure Report and Country Exposure Information Report. Form Number: FFIEC 009 and FFIEC 009a. Frequency of Response: Quarterly. Affected Public: Business or other for profit. OCC OMB Number: 1557–0100. Estimated Number of Respondents: 16 (FFIEC 009), 9 (FFIEC 009a). Estimated Average Time per Response: 70 burden hours (FFIEC 009), 5.25 burden hours (FFIEC 009a). Estimated Total Annual Burden: 4,480 burden hours (FFIEC 009), 189 burden hours (FFIEC 009a). Board OMB Number: 7100–0035. Estimated Number of Respondents: 35 (FFIEC 009), 24 (FFIEC 009a). Estimated Average Time per Response: 70 burden hours (FFIEC 009), 5.25 burden hours (FFIEC 009a). Estimated Total Annual Burden: 9,800 burden hours (FFIEC 009), 504 burden hours (FFIEC 009a). sroberts on DSK5SPTVN1PROD with NOTICES FDIC OMB Number: 3064–0017. Estimated Number of Respondents: 21 (FFIEC 009), 10 (FFIEC 009a). Estimated Average Time per Response: 70 burden hours (FFIEC 009), 5.25 burden hours (FFIEC 009a). Estimated Total Annual Burden: 5,880 burden hours (FFIEC 009), 210 burden hours (FFIEC 009a). General Description of Reports These information collections are mandatory: 12 U.S.C. 161 and 1817 (national banks), 12 U.S.C. 248(a), 1844(c), and 3906 (state member banks VerDate Mar<15>2010 17:03 Nov 22, 2011 Jkt 226001 and bank holding companies); and 12 U.S.C. 1817 and 1820 (insured state nonmember commercial and savings banks). The FFIEC 009 information collection is given confidential treatment (5 U.S.C. 552(b)(4) and (b)(8)). The FFIEC 009a information collection is not given confidential treatment. Abstract The Country Exposure Report (FFIEC 009) is filed quarterly with the agencies and provides information on international claims of U.S. banks and bank holding companies that is used for supervisory and analytical purposes. The information is used to monitor country exposure of banks to determine the degree of risk in their portfolios and the possible impact on U.S. banks of adverse developments in particular countries. The Country Exposure Information Report (FFIEC 009a) is a supplement to the FFIEC 009 and provides publicly available information on material foreign country exposures (all exposures to a country in excess of 1 percent of total assets or 20 percent of capital, whichever is less) of U.S. banks and bank holding companies that file the FFIEC 009 report. As part of the Country Exposure Information Report, reporting institutions must also furnish a list of countries in which they have lending exposures above 0.75 percent of total assets or 15 percent of total capital, whichever is less. Current Actions The agencies are not planning any revisions at this time. However, the agencies expect to propose revisions in the near future, including potential changes to the Country Codes used in the FFIEC 009 report in order to more closely match the Country Codes on the Department of the Treasury’s Treasury International Capital (TIC) reports (OMB Nos.: 1505–0016, 0017, 0018, 0019, 0020, and 0024). Request for Comment Comments are invited on: a. Whether the information collections are necessary for the proper performance of the agencies’ functions, including whether the information has practical utility; b. The accuracy of the agencies’ estimates of the burden of the information collections, 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 collections on respondents, including through the use of automated PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 collection techniques or other forms of information technology; and e. Estimates of capital or start up costs and costs of operation, maintenance, and purchase of services to provide information. Comments submitted in response to this notice will be shared among the agencies. All comments will become a matter of public record. Dated: November 10, 2011. Michele Meyer, Assistant Director, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System, November 17, 2011. Jennifer J. Johnson, Secretary of the Board. Dated at Washington, DC, this 16th day of November, 2011. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2011–30215 Filed 11–22–11; 8:45 am] BILLING CODE 4810–33–P 6714–01–P 6210–01–P DEPARTMENT OF THE TREASURY Fiscal Service Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation Financial Management Service, Fiscal Service, Treasury. ACTION: Notice. AGENCY: Pursuant to Section 11 of the Debt Collection Act of 1982, as amended, (31 U.S.C. 3717), the Secretary of the Treasury is responsible for computing and publishing the percentage rate to be used in assessing interest charges for outstanding debts owed to the Government. Treasury’s Cash Management Requirements (TFM Volume I, Part 6, Chapter 8000) prescribe use of this rate by agencies as a comparison point in evaluating the cost-effectiveness of a cash discount. In addition, 5 CFR 1315.8 of the Prompt Payment rule on ‘‘Rebates’’ requires that this rate be used in determining when agencies should pay purchase card invoices when the card issuer offers a rebate. Notice is hereby given that the applicable rate is 1.00 percent for calendar year 2012. DATES: The rate will be in effect for the period beginning on January 1, 2012, and ending on December 31, 2012. FOR FURTHER INFORMATION CONTACT: Inquiries should be directed to the Agency Enterprise Solutions Division, Financial Management Service, Department of the Treasury, 401 14th SUMMARY: E:\FR\FM\23NON1.SGM 23NON1 Federal Register / Vol. 76, No. 226 / Wednesday, November 23, 2011 / Notices Street SW., Washington, DC 20227 (Telephone: (202) 874–9428). SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds to the Treasury for use in connection with Federal Cash Management systems and is based on investment rates set for purposes of Public Law 95–147, 91 Stat. 1227. Computed each year by averaging Treasury Tax and Loan (TT&L) investment rates for the 12-month period ending every September 30, rounded to the nearest whole percentage, for applicability effective each January 1, the rate is subject to quarterly revisions if the annual average, on a moving basis, changes by 2 percentage points. The rate in effect for the calendar year 2012 reflects the average investment rates for the 12month period that ended September 30, 2011. Dated: November 9, 2011. Sheryl R. Morrow, Assistant Commissioner, Payment Management. [FR Doc. 2011–30160 Filed 11–22–11; 8:45 am] BILLING CODE 4810–35–M DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Actions Taken Pursuant to Executive Order 13382 Related to the Islamic Republic of Iran Shipping Lines (IRISL) Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing on OFAC’s list of Specially Designated Nationals and Blocked Persons the names of six newly-designated entities whose property and interests in property are blocked pursuant to Executive Order 13382 of June 28, 2005, ‘‘Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters.’’ SUMMARY: The designation by the Director of OFAC, pursuant to Executive Order 13382, of the six entities identified in this notice was effective on October 27, 2011. FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions Compliance & Evaluation, tel.: (202) 622–2490, Office of Foreign Assets Control; Assistant Director for Policy, tel.: (202) 622–4855, Office of Foreign Assets Control; or Chief Counsel (Foreign Assets Control), tel.: (202) 622– 2410, Office of the General Counsel, sroberts on DSK5SPTVN1PROD with NOTICES DATES: VerDate Mar<15>2010 17:03 Nov 22, 2011 Jkt 226001 Department of the Treasury, Washington, DC 20220. SUPPLEMENTARY INFORMATION: Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site (http://www.treas.gov/offices/ enforcement/ofac) or via facsimile through a 24-hour fax-on demand service, tel.: (202) 622–0077. Background On June 28, 2005, the President, invoking the authority, inter alia, of the International Emergency Economic Powers Act (50 U.S.C. 1701–1706) (‘‘IEEPA’’), issued Executive Order 13382 (70 FR 38567, July 1, 2005) (the ‘‘Order’’), effective at 12:01 a.m. eastern daylight time on June 29, 2005. In the Order, the President took additional steps with respect to the national emergency described and declared in Executive Order 12938 of November 14, 1994, regarding the proliferation of weapons of mass destruction and the means of delivering them. Section 1 of the Order blocks, with certain exceptions, all property and interests in property that are in the United States, or that hereafter come within the United States or that are or hereafter come within the possession or control of United States persons, of: (1) The persons listed in the Annex to the Order; (2) any foreign person determined by the Secretary of State, in consultation with the Secretary of the Treasury, the Attorney General, and other relevant agencies, to have engaged, or attempted to engage, in activities or transactions that have materially contributed to, or pose a risk of materially contributing to, the proliferation of weapons of mass destruction or their means of delivery (including missiles capable of delivering such weapons), including any efforts to manufacture, acquire, possess, develop, transport, transfer or use such items, by any person or foreign country of proliferation concern; (3) any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, and other relevant agencies, to have provided, or attempted to provide, financial, material, technological or other support for, or goods or services in support of, any activity or transaction described in clause (2) above or any person whose property and interests in property are blocked pursuant to the Order; and (4) any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, and other relevant PO 00000 Frm 00113 Fmt 4703 Sfmt 4703 72499 agencies, to be owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to the Order. On October 27, 2011, the Director of OFAC, in consultation with the Departments of State, Justice, and other relevant agencies, designated six entities whose property and interests in property are blocked pursuant to Executive Order 13382. The list of additional designees is as follows: Entities Galliot Maritime Inc, c/o Ocean Business Plaza Building, Torre Banesco Floor 14, Office Number 1404, Calle Aquino de la Guardia and Calle 47, Bella Vista, Panama City, Panama; c/o Hafiz Darya Shipping Co, No. 60, Ehteshamiyeh Square, 7th Neyestan Street, Pasdaran Avenue, Tehran, Iran; Email Address info@vme.com.pa; alt. Email Address info@hdslines.com; RUC # 1873702–1–717632 (Panama); Web site www.vme.com.pa; alt. Web site www.hdslines.com; Telephone: 5078306525; Alt Telephone: 982126100733; Fax: 5078306526; Alt Fax: 982120100734 [NPWMD]. Indus Maritime Inc, c/o Ocean Business Plaza Building, Torre Banesco Floor 14, Office Number 1404, Calle Aquino de la Guardia and Calle 47, Bella Vista, Panama City, Panama; c/o Hafiz Darya Shipping Co, No. 60, Ehteshamiyeh Square, 7th Neyestan Street, Pasdaran Avenue, Tehran, Iran; Email Address info@vme.com.pa; alt. Email Address info@hdslines.com; RUC # 1873701–1–717631 (Panama); Web site www.vme.com.pa; alt. Web site www.hdslines.com; Telephone: 5078306525; Alt Telephone: 982126100733; Fax: 5078306526; Alt Fax: 982120100734 [NPWMD]. Kaveri Maritime Inc, c/o Ocean Business Plaza Building, Torre Banesco Floor 14, Office Number 1404, Calle Aquino de la Guardia and Calle 47, Bella Vista, Panama City, Panama; c/o Hafiz Darya Shipping Co, No. 60, Ehteshamiyeh Square, 7th Neyestan Street, Pasdaran Avenue, Tehran, Iran; Email Address info@vme.com.pa; alt. Email Address info@hdslines.com; RUC # 1873621–1–717620 (Panama); Web site www.vme.com.pa; alt. Web site www.hdslines.com; Telephone: 5078306525; Alt Telephone: 982126100733; Fax: 5078306526; Alt Fax: 982120100734 [NPWMD]. Melodious Maritime Inc, c/o Ocean Business Plaza Building, Torre Banesco Floor 14, Office Number 1404, Calle Aquino de la Guardia and Calle 47, E:\FR\FM\23NON1.SGM 23NON1

Agencies

[Federal Register Volume 76, Number 226 (Wednesday, November 23, 2011)]
[Notices]
[Pages 72498-72499]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-30160]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Rate for Use in Federal Debt Collection and Discount and Rebate 
Evaluation

AGENCY: Financial Management Service, Fiscal Service, Treasury.

ACTION: Notice.

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SUMMARY: Pursuant to Section 11 of the Debt Collection Act of 1982, as 
amended, (31 U.S.C. 3717), the Secretary of the Treasury is responsible 
for computing and publishing the percentage rate to be used in 
assessing interest charges for outstanding debts owed to the 
Government. Treasury's Cash Management Requirements (TFM Volume I, Part 
6, Chapter 8000) prescribe use of this rate by agencies as a comparison 
point in evaluating the cost-effectiveness of a cash discount. In 
addition, 5 CFR 1315.8 of the Prompt Payment rule on ``Rebates'' 
requires that this rate be used in determining when agencies should pay 
purchase card invoices when the card issuer offers a rebate. Notice is 
hereby given that the applicable rate is 1.00 percent for calendar year 
2012.

DATES: The rate will be in effect for the period beginning on January 
1, 2012, and ending on December 31, 2012.

FOR FURTHER INFORMATION CONTACT: Inquiries should be directed to the 
Agency Enterprise Solutions Division, Financial Management Service, 
Department of the Treasury, 401 14th

[[Page 72499]]

Street SW., Washington, DC 20227 (Telephone: (202) 874-9428).

SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds 
to the Treasury for use in connection with Federal Cash Management 
systems and is based on investment rates set for purposes of Public Law 
95-147, 91 Stat. 1227. Computed each year by averaging Treasury Tax and 
Loan (TT&L) investment rates for the 12-month period ending every 
September 30, rounded to the nearest whole percentage, for 
applicability effective each January 1, the rate is subject to 
quarterly revisions if the annual average, on a moving basis, changes 
by 2 percentage points. The rate in effect for the calendar year 2012 
reflects the average investment rates for the 12-month period that 
ended September 30, 2011.

    Dated: November 9, 2011.
Sheryl R. Morrow,
Assistant Commissioner, Payment Management.
[FR Doc. 2011-30160 Filed 11-22-11; 8:45 am]
BILLING CODE 4810-35-M