Agency Information Collection Activities: Information Collection Renewal; Comment Request; International Regulation, 20077-20078 [2015-08494]

Download as PDF Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices for requesting the extension are adequate. The OCC also uses the information to evaluate the risks to the bank of extending the holding period, including potential effects on the bank’s safety and soundness. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 25. Estimated Total Annual Burden: 460 hours. Frequency of Response: On occasion. Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated 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. Dated: April 8, 2015. Mary H. Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2015–08493 Filed 4–13–15; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; International Regulation Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. asabaliauskas on DSK5VPTVN1PROD with NOTICES AGENCY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information SUMMARY: VerDate Sep<11>2014 17:42 Apr 13, 2015 Jkt 235001 collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning renewal of its information collection titled ‘‘International Regulation.’’ DATES: Comments must be received by June 15, 2015. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557–0102, 400 7th Street SW., Suite 3E–218, Mail Stop 9W–11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465–4326 or by electronic mail to regs.comments@ occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. FOR FURTHER INFORMATION CONTACT: Mary H. Gottlieb, OCC Clearance Officer, (202) 649–5490, for persons who are deaf or hard of hearing, TTY, (202) 649–5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E–218, Mail Stop 9W–11, Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval of the following information collection without change: Title: International Regulation—Part 28. OMB Control No.: 1557–0102. Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection requirements. PO 00000 Frm 00123 Fmt 4703 Sfmt 4703 20077 The OCC requests only that OMB extend its approval of the information collection. 12 CFR 28.3 Filing Requirements for Foreign Operations of a National Bank—Notice Requirement. A national bank shall notify the OCC when it files an application, notice, or report with the FRB 1 to establish or open a foreign branch, or acquire or divest of an interest in, or close, an Edge corporation, Agreement corporation, foreign bank, or other foreign organization; or opens a foreign branch, and no application or notice is required by the FRB for such transaction. In practice, the OCC also has required an application pursuant to section 28.3(c) from a national bank seeking to join a foreign exchange, clearinghouse, or similar type of organization. In lieu of a notice, the OCC may accept a copy of an application, notice, or report submitted to another Federal agency that covers the proposed action and contains substantially the same information required by the OCC. A national bank shall furnish the OCC with any additional information the OCC may require in connection with the national bank’s foreign operations. 12 CFR 28.14(c) Limitations Based Upon Capital of a Foreign Bank— Aggregation. A foreign bank shall aggregate business transacted by all Federal branches and agencies with the business transacted by all state branches and agencies controlled by the foreign bank in determining its compliance with limitations based upon the capital of the foreign bank. A foreign bank shall designate one Federal branch or agency office in the United States to maintain consolidated information so that the OCC can monitor compliance. 12 CFR 28.15(d), (d)(1), (d)(2), and (f) Capital Equivalency Deposits. A foreign bank should require its depository bank to segregate its capital equivalency deposits on the depository bank’s books and records. The instruments making up the capital equivalency deposit that are placed in safekeeping at a depository bank to satisfy a foreign bank’s capital equivalency deposit requirement must be maintained pursuant to an agreement prescribed by the OCC that shall be a written agreement entered into with the OCC. Each Federal branch or agency shall maintain a capital equivalency account and keep records of the amount of liabilities requiring capital equivalency coverage in a manner and form prescribed by the OCC. A foreign bank’s capital equivalency deposits may not be reduced in value below the 1 Board of Governors of the Federal Reserve System. E:\FR\FM\14APN1.SGM 14APN1 asabaliauskas on DSK5VPTVN1PROD with NOTICES 20078 Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices minimum required for that branch or agency without the prior approval of the OCC, but in no event below the statutory minimum. 12 CFR 28.16(c) Deposit-Taking by an Uninsured Federal branch—Application for an Exemption. A foreign bank may apply to the OCC for an exemption to permit an uninsured Federal branch to accept or maintain deposit accounts that are not listed in section 28.16(b). The request should describe the types, sources, and estimated amount of such deposits and explain why the OCC should grant an exemption, and how the exemption maintains and furthers the policies described in section 28.16(a). 12 CFR 28.16(d) Deposit-Taking by an Uninsured Federal Branch— Aggregation of Deposits. A foreign bank that has more than one Federal branch in the same state may aggregate deposits in all of its Federal branches in that state, but exclude deposits of other branches, agencies, or wholly owned subsidiaries of the bank. The Federal branch shall compute the average amount by using the sum of deposits as of the close of business of the last 30 calendar days ending with, and including, the last day of the calendar quarter, divided by 30. The Federal branch shall maintain records of the calculation until its next examination by the OCC. 12 CFR 28.18(c)(1) Recordkeeping and Reporting—Maintenance of Accounts, Books, and Records. Each Federal branch or agency shall maintain a set of accounts and records reflecting its transactions that are separate from those of the foreign bank and any other branch or agency. The Federal branch or agency shall keep a set of accounts and records in English sufficient to permit the OCC to examine the condition of the Federal branch or agency and its compliance with applicable laws and regulations. 12 CFR 28.20(a)(1) Maintenance of Assets—General Rule. The OCC may require a foreign bank to hold certain assets in the state in which its Federal branch or agency is located. 12 CFR 28.22(e) Reports of Examination. The Federal branch or agency shall send the OCC certification that all of its Reports of Examination have been destroyed or return its Reports of Examination to the OCC. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 49. Estimated Total Annual Burden: 2,284. Frequency of Response: On occasion. VerDate Sep<11>2014 20:26 Apr 13, 2015 Jkt 235001 Comments submitted in response to this notice will be summarized, included in the request for OMB approval, and become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated 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. Dated: April 8, 2015. Mary H. Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2015–08494 Filed 4–13–15; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Sanctions Actions Pursuant to Executive Orders 13382, 13573, and 13582 Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The Treasury Department’s Office of Foreign Assets Control (OFAC) is publishing the names of five persons whose property and interests in property are blocked pursuant to one or more of the following authorities: Executive Order (E.O.) 13382, E.O. 13573, and E.O. 13582. DATES: OFAC’s actions described in this notice were effective on March 31, 2015, as further specified below. FOR FURTHER INFORMATION CONTACT: Associate Director for Global Targeting, tel.: 202/622–2420, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202/622–2490, Assistant Director for Licensing, tel.: 202/622–2480, Office of Foreign Assets Control, or Chief Counsel (Foreign Assets Control), tel.: 202/622–2410, Office of the General Counsel, Department of the Treasury (not toll free numbers). SUPPLEMENTARY INFORMATION: SUMMARY: PO 00000 Frm 00124 Fmt 4703 Sfmt 9990 Electronic and Facsimile Availability The Specially Designated Nationals and Blocked Persons List and additional information concerning OFAC sanctions programs are available on OFAC’s Web site (www.treas.gov/ofac). Certain general information pertaining to OFAC’s sanctions programs is also available via facsimile through a 24hour fax-on-demand service, tel.: 202/ 622–0077. Notice of OFAC Actions On March 31, 2015, OFAC blocked the property and interests in property of the following three persons pursuant to E.O. 13382, ‘‘Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters’’: Entities: 1. DENISE COMPANY, TayyounehBdeir Building, 2nd Floor, Beirut, Lebanon [NPWMD]. 2. SHADI FOR CARS TRADING, Tayyouneh-Bdeir Building, 2nd Floor, Beirut, Lebanon [NPWMD]. 3. SIGMA TECH COMPANY, Fayez Mansour Street, Bldg No/35/-Floor No/ 2/Baramkeh, P.O. Box 34081, Damascus, Syria [NPWMD]. On March 31, 2015, OFAC blocked the property and interests in property of the following person pursuant to E.O. 13582, ‘‘Blocking Property of the Government of Syria and Prohibiting Certain Transactions with Respect to Syria’’: Individual: 1. RIDA, Batoul; DOB 01 Jun 1982; citizen Syria (individual) [SYRIA]. On March 31, 2015, OFAC published the following revised information for the following person on OFAC’s SDN List whose property and interests in property are blocked pursuant to E.O. 13573, ‘‘Blocking Property of Senior Officials of The Government of Syria’’: Individual: 1. MAYALEH, Adib (a.k.a. ANDRE, Miyal; a.k.a. MAYALA, Adib; a.k.a. MAYARD, Andre); DOB 1955; POB Daraa, Syria; Governor of Central Bank of Syria (individual) [SYRIA]. Dated: March 31, 2015. John E. Smith, Acting Director, Office of Foreign Assets Control. [FR Doc. 2015–08506 Filed 4–13–15; 8:45 am] BILLING CODE 4810–ALP E:\FR\FM\14APN1.SGM 14APN1

Agencies

[Federal Register Volume 80, Number 71 (Tuesday, April 14, 2015)]
[Notices]
[Pages 20077-20078]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08494]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; International Regulation

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995 (PRA).
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and the respondent is not required to respond to, 
an information collection unless it displays a currently valid Office 
of Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning renewal of its information 
collection titled ``International Regulation.''

DATES: Comments must be received by June 15, 2015.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0102, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to 
(571) 465-4326 or by electronic mail to regs.comments@occ.treas.gov. 
You may personally inspect and photocopy comments at the OCC, 400 7th 
Street SW., Washington, DC 20219. For security reasons, the OCC 
requires that visitors make an appointment to inspect comments. You may 
do so by calling (202) 649-6700. Upon arrival, visitors will be 
required to present valid government-issued photo identification and 
submit to security screening in order to inspect and photocopy 
comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not enclose any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.

FOR FURTHER INFORMATION CONTACT: Mary H. Gottlieb, OCC Clearance 
Officer, (202) 649-5490, for persons who are deaf or hard of hearing, 
TTY, (202) 649-5597, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency, 400 7th Street SW., Suite 
3E-218, Mail Stop 9W-11, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection without change:
    Title: International Regulation--Part 28.
    OMB Control No.: 1557-0102.
    Description: This submission covers an existing regulation and 
involves no change to the regulation or to the information collection 
requirements. The OCC requests only that OMB extend its approval of the 
information collection.
    12 CFR 28.3 Filing Requirements for Foreign Operations of a 
National Bank--Notice Requirement. A national bank shall notify the OCC 
when it files an application, notice, or report with the FRB \1\ to 
establish or open a foreign branch, or acquire or divest of an interest 
in, or close, an Edge corporation, Agreement corporation, foreign bank, 
or other foreign organization; or opens a foreign branch, and no 
application or notice is required by the FRB for such transaction.
---------------------------------------------------------------------------

    \1\ Board of Governors of the Federal Reserve System.
---------------------------------------------------------------------------

    In practice, the OCC also has required an application pursuant to 
section 28.3(c) from a national bank seeking to join a foreign 
exchange, clearinghouse, or similar type of organization. In lieu of a 
notice, the OCC may accept a copy of an application, notice, or report 
submitted to another Federal agency that covers the proposed action and 
contains substantially the same information required by the OCC. A 
national bank shall furnish the OCC with any additional information the 
OCC may require in connection with the national bank's foreign 
operations.
    12 CFR 28.14(c) Limitations Based Upon Capital of a Foreign Bank--
Aggregation. A foreign bank shall aggregate business transacted by all 
Federal branches and agencies with the business transacted by all state 
branches and agencies controlled by the foreign bank in determining its 
compliance with limitations based upon the capital of the foreign bank. 
A foreign bank shall designate one Federal branch or agency office in 
the United States to maintain consolidated information so that the OCC 
can monitor compliance.
    12 CFR 28.15(d), (d)(1), (d)(2), and (f) Capital Equivalency 
Deposits. A foreign bank should require its depository bank to 
segregate its capital equivalency deposits on the depository bank's 
books and records. The instruments making up the capital equivalency 
deposit that are placed in safekeeping at a depository bank to satisfy 
a foreign bank's capital equivalency deposit requirement must be 
maintained pursuant to an agreement prescribed by the OCC that shall be 
a written agreement entered into with the OCC. Each Federal branch or 
agency shall maintain a capital equivalency account and keep records of 
the amount of liabilities requiring capital equivalency coverage in a 
manner and form prescribed by the OCC. A foreign bank's capital 
equivalency deposits may not be reduced in value below the

[[Page 20078]]

minimum required for that branch or agency without the prior approval 
of the OCC, but in no event below the statutory minimum.
    12 CFR 28.16(c) Deposit-Taking by an Uninsured Federal branch--
Application for an Exemption. A foreign bank may apply to the OCC for 
an exemption to permit an uninsured Federal branch to accept or 
maintain deposit accounts that are not listed in section 28.16(b). The 
request should describe the types, sources, and estimated amount of 
such deposits and explain why the OCC should grant an exemption, and 
how the exemption maintains and furthers the policies described in 
section 28.16(a).
    12 CFR 28.16(d) Deposit-Taking by an Uninsured Federal Branch--
Aggregation of Deposits. A foreign bank that has more than one Federal 
branch in the same state may aggregate deposits in all of its Federal 
branches in that state, but exclude deposits of other branches, 
agencies, or wholly owned subsidiaries of the bank. The Federal branch 
shall compute the average amount by using the sum of deposits as of the 
close of business of the last 30 calendar days ending with, and 
including, the last day of the calendar quarter, divided by 30. The 
Federal branch shall maintain records of the calculation until its next 
examination by the OCC.
    12 CFR 28.18(c)(1) Recordkeeping and Reporting--Maintenance of 
Accounts, Books, and Records. Each Federal branch or agency shall 
maintain a set of accounts and records reflecting its transactions that 
are separate from those of the foreign bank and any other branch or 
agency. The Federal branch or agency shall keep a set of accounts and 
records in English sufficient to permit the OCC to examine the 
condition of the Federal branch or agency and its compliance with 
applicable laws and regulations.
    12 CFR 28.20(a)(1) Maintenance of Assets--General Rule. The OCC may 
require a foreign bank to hold certain assets in the state in which its 
Federal branch or agency is located.
    12 CFR 28.22(e) Reports of Examination. The Federal branch or 
agency shall send the OCC certification that all of its Reports of 
Examination have been destroyed or return its Reports of Examination to 
the OCC.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 49.
    Estimated Total Annual Burden: 2,284.
    Frequency of Response: On occasion.
    Comments submitted in response to this notice will be summarized, 
included in the request for OMB approval, and become a matter of public 
record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated 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.

    Dated: April 8, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-08494 Filed 4-13-15; 8:45 am]
 BILLING CODE 4810-33-P