Proposed Collection; Comment Request for Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts, 65802-65803 [2018-27623]

Download as PDF 65802 Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices highway safety plan.7 INFRA projects will be required to incorporate appropriate elements that respond to priority areas identified in that plan and are likely to yield safety benefits. Second, INFRA projects will incorporate appropriate safety-related activities that the Federal Highway Administration (FHWA) has identified as ‘‘proven safety countermeasures’’ due to their history of demonstrated effectiveness.8 After selecting INFRA recipients, the Department will work with those recipients on a project-by-project basis to determine the specific safety requirements that are appropriate for each award. amozie on DSK3GDR082PROD with NOTICES1 b. Other Administrative and Policy Requirements All INFRA awards will be administered pursuant to the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards found in 2 CFR part 200, as adopted by USDOT at 2 CFR part 1201. A project carried out under the INFRA program will be treated as if the project is located on a Federal-aid highway. All INFRA projects are subject to the Buy America requirement at 23 U.S.C. 313. Additionally, applicable Federal laws, rules and regulations of the relevant operating administration administering the project will apply to the projects that receive INFRA grants, including planning requirements, Stakeholder Agreements, and other requirements under the Department’s other highway, transit, rail, and port grant programs. For an illustrative list of the applicable laws, rules, regulations, executive orders, policies, guidelines, and requirements as they relate to an INFRA grant, please see http:// www.ops.fhwa.dot.gov/Freight/ infrastructure/nsfhp/fy2016_gr_exhbt_c/ index.htm. The applicability of Federal requirements to a project may be affected by the scope of the NEPA reviews for that project. For example, under 23 U.S.C. 313(g), Buy America requirements apply to all contracts that are eligible for assistance under title 23, United States Code, and are carried out within the scope of the NEPA finding, determination, or decision regardless of the funding source of such contracts if at least one contract is funded with Title 23 funds. 7 Information on State-specific strategic highway safety plans is available at https:// safety.fhwa.dot.gov/shsp/other_resources.cfm. 8 Information on FHWA proven safety countermeasures is available at: https:// safety.fhwa.dot.gov/provencountermeasures/. VerDate Sep<11>2014 00:00 Dec 21, 2018 Jkt 247001 3. Reporting H. Other Information a. Progress Reporting on Grant Activity 1. Protection of Confidential Business Information Each applicant selected for an INFRA grant must submit the Federal Financial Report (SF–425) on the financial condition of the project and the project’s progress, as well as an Annual Budget Review and Program Plan to monitor the use of Federal funds and ensure accountability and financial transparency in the INFRA program. b. Reporting of Matters Related to Integrity and Performance If the total value of a selected applicant’s currently active grants, cooperative agreements, and procurement contracts from all Federal awarding agencies exceeds $10,000,000 for any period of time during the period of performance of this Federal award, then the applicant during that period of time must maintain the currency of information reported to the System for Award Management (SAM) that is made available in the designated integrity and performance system (currently the Federal Awardee Performance and Integrity Information System (FAPIIS)) about civil, criminal, or administrative proceedings described in paragraph 2 of this award term and condition. This is a statutory requirement under section 872 of Public Law 110–417, as amended (41 U.S.C. 2313). As required by section 3010 of Public Law 111–212, all information posted in the designated integrity and performance system on or after April 15, 2011, except past performance reviews required for Federal procurement contracts, will be publicly available. G. Federal Awarding Agency Contacts For further information concerning this notice, please contact the Office of the Secretary via email at INFRAgrants@ dot.gov. For other INFRA program questions, please contact Paul Baumer at (202) 366–1092. A TDD is available for individuals who are deaf or hard of hearing at 202–366–3993. In addition, up to the application deadline, the Department will post answers to common questions and requests for clarifications on USDOT’s website at https://www.transportation.gov/ buildamerica/INFRAgrants. To ensure applicants receive accurate information about eligibility or the program, the applicant is encouraged to contact USDOT directly, rather than through intermediaries or third parties, with questions. PO 00000 Frm 00181 Fmt 4703 Sfmt 4703 All information submitted as part of, or in support of, any application shall use publicly available data or data that can be made public and methodologies that are accepted by industry practice and standards, to the extent possible. If the application includes information the applicant considers to be a trade secret or confidential commercial or financial information, the applicant should do the following: (1) Note on the front cover that the submission ‘‘Contains Confidential Business Information (CBI)’’; (2) mark each affected page ‘‘CBI’’; and (3) highlight or otherwise denote the CBI portions. The Department protects such information from disclosure to the extent allowed under applicable law. In the event the Department receives a Freedom of Information Act (FOIA) request for the information, USDOT will follow the procedures described in its FOIA regulations at 49 CFR 7.17. Only information that is ultimately determined to be confidential under that procedure will be exempt from disclosure under FOIA. 2. Publication of Application Information Following the completion of the selection process and announcement of awards, the Department intends to publish a list of all applications received along with the names of the applicant organizations and funding amounts requested. Except for the information properly marked as described in Section H.1., the Department may make application narratives publicly available. Issued in Washington, DC, on December 17, 2018. Elaine L. Chao, Secretary of Transportation. [FR Doc. 2018–27695 Filed 12–20–18; 8:45 am] BILLING CODE 4910–9X–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Proposed Collection; Comment Request for Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts Office of Foreign Assets Control, Treasury. AGENCY: E:\FR\FM\21DEN1.SGM 21DEN1 Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices Notice and request for comments. ACTION: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Office of Foreign Assets Control (OFAC) within the Department of the Treasury is soliciting comments concerning OFAC’s Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and PayableThrough Accounts. DATES: Written comments must be submitted on or before February 19, 2019 to be assured of consideration. ADDRESSES: You may submit comments by any of the following methods: Federal eRulemaking Portal: www.regulations.gov. Follow the instructions on the website for submitting comments. Fax: Attn: Request for Comments (Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts) 202– 622–1759. Mail: Attn: Request for Comments (Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts), Office of Foreign Assets Control, Department of the Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220. Instructions: All submissions received must include the agency name and the Federal Register Doc. number that appears at the end of this document. Comments received will be made available to the public via regulations.gov or upon request, without change and including any personal information provided. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, tel.: 202–622–2480; Assistant Director for Regulatory Affairs, tel.: 202–622– 4855; Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622– 2490; or the Department of the Treasury’s Office of the Chief Counsel (Foreign Assets Control), Office of the General Counsel, tel.: 202–622–2410. SUPPLEMENTARY INFORMATION: Title: Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts. OMB Number: 1505–0243. amozie on DSK3GDR082PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 00:00 Dec 21, 2018 Jkt 247001 Abstract: Section 561.504(b) of the Iranian Financial Sanctions Regulations, 31 CFR part 561 (the IFSR), specifies that a U.S. financial institution that maintained a correspondent account or payable-through account for a foreign financial institution whose name is added to the Part 561 List 1 on OFAC’s website (www.treasury.gov/ofac) as subject to a prohibition on the maintaining of such accounts must file a report with OFAC that provides full details on the closing of each such account within 30 days of the closure of the account. This collection of information assists in verifying that U.S. financial institutions are complying with prohibitions on maintaining correspondent accounts or payablethrough accounts for foreign financial institutions listed on the Part 561 List. The reports will be reviewed by the U.S. Department of the Treasury and may be used for compliance and enforcement purposes by the agency. Current Actions: There are no changes being made to the notice at this time. Type of Review: Extension of a currently approved collection. Affected Public: U.S. financial institutions operating correspondent accounts or payable-through accounts for foreign financial institutions. Estimated Number of Respondents: The likely respondents and recordkeepers affected by this collection of information in section 561.504(b) are U.S. financial institutions operating correspondent accounts or payable through accounts for foreign financial institutions. Since the date this reporting requirement was added to the IFSR (February 27, 2012) through June 18, 2015, OFAC added the names of two foreign financial institutions to the Part 561 List, of which one remains. No foreign financial institution was added 65803 to the Part 561 List during the current reporting period (through December 15, 2018), and the number of respondents to this collection has been zero. For future notices, OFAC will continue to report retrospectively on the number of respondents during the reporting period. Estimated Time per Respondent: 2 hours per response. Estimated Total Annual Burden Hours: While no responses are expected, an estimate of 1 response (2 hours) is being included to account for the possibility that someone could have to provide a notification in the future. Request for Comments Comments submitted in response to this notice will be summarized and/or 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 agency, including whether the information has practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information, 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 the collection of information 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. Approved: December 17, 2018. Andrea Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2018–27623 Filed 12–20–18; 8:45 am] 1 On March 1, 2018, OFAC created a new list, titled the List of Foreign Financial Institutions Subject to Correspondent Account or PayableThrough Account Sanctions (the ‘‘CAPTA List’’). The CAPTA List will include foreign financial institutions subject to correspondent or payablethrough account sanctions pursuant to sanctions authorities including the Ukraine Freedom Support Act of 2014, as amended by the Countering America’s Adversaries Through Sanctions Act, and the North Korea Sanctions Regulations, 31 CFR part 510, as well as the specific strict conditions or prohibitions to which the foreign financial institutions are subject. It eventually will be expanded to include foreign financial institutions subject to correspondent or payable-through account sanctions pursuant to additional authorities, including the Iranian Financial Sanctions Regulations, 31 CFR part 561, which are currently identified on OFAC’s Part 561 List. At that time, by separate action, OFAC will move the name of the foreign financial institution on the Part 561 List, along with the relevant prohibition or strict condition(s) to which the foreign financial institution is subject, to the CAPTA List. This will not impact the relevant reporting requirement. PO 00000 Frm 00182 Fmt 4703 Sfmt 4703 BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Form 8038–T Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to SUMMARY: E:\FR\FM\21DEN1.SGM 21DEN1

Agencies

[Federal Register Volume 83, Number 245 (Friday, December 21, 2018)]
[Notices]
[Pages 65802-65803]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-27623]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Proposed Collection; Comment Request for Iranian Financial 
Sanctions Regulations Report on Closure by U.S. Financial Institutions 
of Correspondent Accounts and Payable-Through Accounts

AGENCY: Office of Foreign Assets Control, Treasury.

[[Page 65803]]


ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other federal agencies to comment on proposed and/or 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. Currently, the Office of Foreign Assets Control 
(OFAC) within the Department of the Treasury is soliciting comments 
concerning OFAC's Iranian Financial Sanctions Regulations Report on 
Closure by U.S. Financial Institutions of Correspondent Accounts and 
Payable-Through Accounts.

DATES: Written comments must be submitted on or before February 19, 
2019 to be assured of consideration.

ADDRESSES: You may submit comments by any of the following methods:
    Federal eRulemaking Portal: www.regulations.gov. Follow the 
instructions on the website for submitting comments.
    Fax: Attn: Request for Comments (Iranian Financial Sanctions 
Regulations Report on Closure by U.S. Financial Institutions of 
Correspondent Accounts and Payable-Through Accounts) 202-622-1759.
    Mail: Attn: Request for Comments (Iranian Financial Sanctions 
Regulations Report on Closure by U.S. Financial Institutions of 
Correspondent Accounts and Payable-Through Accounts), Office of Foreign 
Assets Control, Department of the Treasury, 1500 Pennsylvania Avenue 
NW, Washington, DC 20220.
    Instructions: All submissions received must include the agency name 
and the Federal Register Doc. number that appears at the end of this 
document. Comments received will be made available to the public via 
regulations.gov or upon request, without change and including any 
personal information provided.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, tel.: 202-622-2480; Assistant Director for Regulatory 
Affairs, tel.: 202-622-4855; Assistant Director for Sanctions 
Compliance & Evaluation, tel.: 202-622-2490; or the Department of the 
Treasury's Office of the Chief Counsel (Foreign Assets Control), Office 
of the General Counsel, tel.: 202-622-2410.

SUPPLEMENTARY INFORMATION: 
    Title: Iranian Financial Sanctions Regulations Report on Closure by 
U.S. Financial Institutions of Correspondent Accounts and Payable-
Through Accounts.
    OMB Number: 1505-0243.
    Abstract: Section 561.504(b) of the Iranian Financial Sanctions 
Regulations, 31 CFR part 561 (the IFSR), specifies that a U.S. 
financial institution that maintained a correspondent account or 
payable-through account for a foreign financial institution whose name 
is added to the Part 561 List \1\ on OFAC's website (www.treasury.gov/ofac) as subject to a prohibition on the maintaining of such accounts 
must file a report with OFAC that provides full details on the closing 
of each such account within 30 days of the closure of the account. This 
collection of information assists in verifying that U.S. financial 
institutions are complying with prohibitions on maintaining 
correspondent accounts or payable-through accounts for foreign 
financial institutions listed on the Part 561 List. The reports will be 
reviewed by the U.S. Department of the Treasury and may be used for 
compliance and enforcement purposes by the agency.
---------------------------------------------------------------------------

    \1\ On March 1, 2018, OFAC created a new list, titled the List 
of Foreign Financial Institutions Subject to Correspondent Account 
or Payable-Through Account Sanctions (the ``CAPTA List''). The CAPTA 
List will include foreign financial institutions subject to 
correspondent or payable-through account sanctions pursuant to 
sanctions authorities including the Ukraine Freedom Support Act of 
2014, as amended by the Countering America's Adversaries Through 
Sanctions Act, and the North Korea Sanctions Regulations, 31 CFR 
part 510, as well as the specific strict conditions or prohibitions 
to which the foreign financial institutions are subject. It 
eventually will be expanded to include foreign financial 
institutions subject to correspondent or payable-through account 
sanctions pursuant to additional authorities, including the Iranian 
Financial Sanctions Regulations, 31 CFR part 561, which are 
currently identified on OFAC's Part 561 List. At that time, by 
separate action, OFAC will move the name of the foreign financial 
institution on the Part 561 List, along with the relevant 
prohibition or strict condition(s) to which the foreign financial 
institution is subject, to the CAPTA List. This will not impact the 
relevant reporting requirement.
---------------------------------------------------------------------------

    Current Actions: There are no changes being made to the notice at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: U.S. financial institutions operating 
correspondent accounts or payable-through accounts for foreign 
financial institutions.
    Estimated Number of Respondents: The likely respondents and record-
keepers affected by this collection of information in section 
561.504(b) are U.S. financial institutions operating correspondent 
accounts or payable through accounts for foreign financial 
institutions. Since the date this reporting requirement was added to 
the IFSR (February 27, 2012) through June 18, 2015, OFAC added the 
names of two foreign financial institutions to the Part 561 List, of 
which one remains. No foreign financial institution was added to the 
Part 561 List during the current reporting period (through December 15, 
2018), and the number of respondents to this collection has been zero. 
For future notices, OFAC will continue to report retrospectively on the 
number of respondents during the reporting period.
    Estimated Time per Respondent: 2 hours per response.
    Estimated Total Annual Burden Hours: While no responses are 
expected, an estimate of 1 response (2 hours) is being included to 
account for the possibility that someone could have to provide a 
notification in the future.

Request for Comments

    Comments submitted in response to this notice will be summarized 
and/or 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 agency, including whether the information has 
practical utility; (b) the accuracy of the agency's estimate of the 
burden of the collection of information, 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 the collection of information 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.

    Approved: December 17, 2018.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2018-27623 Filed 12-20-18; 8:45 am]
BILLING CODE 4810-AL-P