Agency Information Collection Activities: Information Collection Renewal; Comment Request; Guidance on Sound Incentive Compensation Policies, 68012-68013 [2019-26807]
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68012
Federal Register / Vol. 84, No. 239 / Thursday, December 12, 2019 / Notices
and includes agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of title 44 requires Federal
agencies to publish a 60-day notice in
the Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the OCC is publishing this
notice of the renewal of the following
information collection:
Title: Financial Management
Policies—Interest Rate Risk.
OMB Control No.: 1557–0299.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Frequency of Response: On occasion.
Burden Estimate:
Estimated Number of Respondents:
304.
Estimated Annual Burden: 12,160.
Description: This information
collection covers the recordkeeping
burden for Federal savings associations
to maintain data in accordance with
OCC’s regulation on interest rate risk
procedures, 12 CFR 163.176. The
purpose of the regulation is to ensure
that Federal savings associations
appropriately manage their exposure to
interest rate risk. To comply with this
reporting requirement, institutions need
to maintain sufficient records to
document how their interest rate risk
exposure is monitored and managed
internally.
Comments: 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 collections of
information are necessary for the proper
performance of the OCC’s functions,
including whether the information has
practical utility;
(b) The accuracy of the OCC’s
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
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.
VerDate Sep<11>2014
17:56 Dec 11, 2019
Jkt 250001
Dated: December 5, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–26808 Filed 12–11–19; 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; Guidance
on Sound Incentive Compensation
Policies
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
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 the renewal of an
information collection as required by
the Paperwork Reduction Act of 1995
(PRA). An agency may not conduct or
sponsor, and a 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 an information collection titled,
‘‘Guidance on Sound Incentive
Compensation Policies.’’
DATES: Written comments should be
submitted by February 10, 2020.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, 1557–
0245, Office of the Comptroller of the
Currency, 400 7th Street SW, Suite 3E–
218, Washington, DC 20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0245’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
SUMMARY:
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Fmt 4703
Sfmt 4703
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may review comments and other
related materials that pertain to this
information collection beginning on the
date of publication of the second notice
for this collection 1 by any of the
following methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0245’’ or ‘‘Guidance on Sound
Incentive Compensation Policies.’’
Upon finding the appropriate
information collection, click on the
related ‘‘ICR Reference Number.’’ On the
next screen, select ‘‘View Supporting
Statement and Other Documents’’ and
then click on the link to any comment
listed at the bottom of the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect comments at the
OCC, 400 7th Street SW, Washington,
DC. For security reasons, the OCC
requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 649–6700 or,
for persons who are deaf or hearing
impaired, TTY, (202) 649–5597. Upon
arrival, visitors will be required to
present valid government-issued photo
identification and submit to security
screening in order to inspect comments.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, (202) 649–5490 or, for persons
who are deaf or hearing impaired, TTY,
(202) 649–5597, Chief Counsel’s Office,
Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501 et seq.), Federal
agencies must obtain approval from
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
1 Following the close of this notice’s 60-day
comment period, the OCC will publish a second
notice with a 30-day comment period.
E:\FR\FM\12DEN1.SGM
12DEN1
khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 84, No. 239 / Thursday, December 12, 2019 / Notices
3506(c)(2)(A) of title 44 requires Federal
agencies to provide a 60-day notice in
the Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the OCC is publishing
notice of the renewal of the collection
of information set forth in this
document.
Title: Guidance on Sound Incentive
Compensation Policies.
OMB Number: 1557–0245.
Description: Under the guidance, each
large national bank and Federal savings
association is required to: (i) Have
policies and procedures that identify
and describe the role(s) of the personnel
and units authorized to be involved in
developing and administering incentive
compensation arrangements, identify
the source of significant risk-related
factors, establish appropriate controls
governing these factors to help ensure
their reliability, and identify the
individual(s) and unit(s) whose
approval is necessary for the
establishment or modification of
incentive compensation arrangements;
(ii) create and maintain sufficient
documentation to permit an audit of the
organization’s processes for developing
and administering incentive
compensation arrangements; (iii) have
any material exceptions or adjustments
to the incentive compensation
arrangements established for senior
executives approved and documented
by its board of directors; and (iv) have
its board of directors receive and
review, on an annual or more frequent
basis, an assessment by management of
the effectiveness of the design and
operation of the organization’s incentive
compensation system in providing risktaking incentives that are consistent
with the organization’s safety and
soundness. Application of the guidance
to banking organizations will vary with
their size and complexity, and
monitoring methods for small banks are
not directly tied to these four policies
and procedures.
Type of Review: Regular.
Affected Public: Business or other forprofit.
Estimated Number of Respondents: 41
large banks; 1,105 small banks.
Total Annual Burden: 46,400 hours.
Frequency of Response: Annually.
All comments will be considered in
formulating the subsequent submission
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
VerDate Sep<11>2014
17:56 Dec 11, 2019
Jkt 250001
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the information collection
burden;
(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 startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
Dated: December 5, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–26807 Filed 12–11–19; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions
Office of Foreign Assets
Control, Treasury.
AGENCY:
ACTION:
Notice.
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
based on OFAC’s determination that one
or more applicable legal criteria were
satisfied. All property and interests in
property subject to U.S. jurisdiction of
these persons are blocked, and U.S.
persons are generally prohibited from
engaging in transactions with them.
SUMMARY:
See SUPPLEMENTARY INFORMATION
section.
DATES:
FOR FURTHER INFORMATION CONTACT:
OFAC: 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; or Assistant Director for
Regulatory Affairs, tel.: 202–622–4855.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (https://www.treasury.gov/ofac).
PO 00000
Frm 00103
Fmt 4703
Sfmt 9990
68013
Notice of OFAC Action(s)
On December 6, 2019, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following persons are
blocked under the relevant sanctions
authority listed below.
Individuals
1. AL–LAMI, Hussein Falah (a.k.a. AL–
LAMI, Abu Zainab; a.k.a. AZIZ, Hussein
Faleh), Iraq; DOB 20 Jun 1969; POB Baghdad,
Iraq; nationality Iraq; Gender Male
(individual) [GLOMAG].
Designated pursuant to section 1(a)(ii)(A)
of Executive Order 13818 of December 20,
2017, ‘‘Blocking the Property of Persons
Involved in Serious Human Rights Abuse or
Corruption,’’ 82 FR 60839, 3 CFR, 2017
Comp., p. 399, (E.O. 13818) for being a
foreign person who is responsible for,
complicit in, or has directly or indirectly
engaged in, serious human rights abuse.
2. AL–KHAZALI, Qais (a.k.a. ALAZEREJ,
Qays Hadi Sayyid; a.k.a. AL–KHAZALI, Qais
Hadi Sayed Hasan), Iraq; DOB 20 Jun 1974;
alt. DOB 1974; POB Baghdad, Iraq;
nationality Iraq; Gender Male (individual)
[GLOMAG].
Designated pursuant to section
1(a)(ii)(C)(1) of E.O. 13818 for being a foreign
person who is or has been a leader or official
an entity, including any government entity,
that has engaged in, or whose members have
engaged in, serious human rights abuse
relating to the leader’s or official’s tenure.
3. AL–KHAZALI, Laith (a.k.a. ALAZIREG,
Layth Hadi Sayyid), Iraq; DOB 14 Oct 1975;
nationality Iraq; Gender Male; Passport
A10537439 (Iraq) expires 16 Oct 2023
(individual) [GLOMAG].
Designated pursuant to section 1(a)(ii)(A)
of E.O. 13818 for being a foreign person who
is responsible for, complicit in, or has
directly or indirectly engaged in, serious
human rights abuse.
4. AL–ISSAWI, Khamis Farhan Al-Khanjar
(a.k.a. ALESSAWI, Khamis F Ali; a.k.a. ALI,
Khamees Farhan Ali; a.k.a. ALI, Khames
Farhan Ali; a.k.a. AL–KHANJAR, Khamis),
Jordan; Iraq; DOB 1965; alt. DOB 08 Sep
1968; alt. DOB 08 Sep 1965; POB Fallujah,
Iraq; nationality Iraq; Gender Male; Passport
D1022354 (Iraq) expires 21 May 2023
(individual) [GLOMAG].
Designated pursuant to section
1(a)(iii)(A)(1) of E.O. 13818 for having
materially assisted, sponsored, or provided
financial, material, or technological support
for, or goods or services to or in support of,
corruption, including the misappropriation
of state assets, the expropriation of private
assets for personal gain, corruption related to
government contracts or the extraction of
natural resources, or bribery.
Dated: December 6, 2019.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2019–26786 Filed 12–11–19; 8:45 am]
BILLING CODE 4810–AL–P
E:\FR\FM\12DEN1.SGM
12DEN1
Agencies
[Federal Register Volume 84, Number 239 (Thursday, December 12, 2019)]
[Notices]
[Pages 68012-68013]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26807]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Guidance on Sound Incentive Compensation
Policies
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 the renewal of an
information collection as required by the Paperwork Reduction Act of
1995 (PRA). An agency may not conduct or sponsor, and a 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 an
information collection titled, ``Guidance on Sound Incentive
Compensation Policies.''
DATES: Written comments should be submitted by February 10, 2020.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Attention: Comment
Processing, 1557-0245, Office of the Comptroller of the Currency, 400
7th Street SW, Suite 3E-218, Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0245'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection \1\ by any of the following methods:
---------------------------------------------------------------------------
\1\ Following the close of this notice's 60-day comment period,
the OCC will publish a second notice with a 30-day comment period.
---------------------------------------------------------------------------
Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0245'' or ``Guidance on Sound Incentive Compensation
Policies.'' Upon finding the appropriate information collection, click
on the related ``ICR Reference Number.'' On the next screen, select
``View Supporting Statement and Other Documents'' and then click on the
link to any comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. For security
reasons, the OCC requires that visitors make an appointment to inspect
comments. You may do so by calling (202) 649-6700 or, for persons who
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival,
visitors will be required to present valid government-issued photo
identification and submit to security screening in order to inspect
comments.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance
Officer, (202) 649-5490 or, for persons who are deaf or hearing
impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.),
Federal agencies must obtain approval from OMB for each collection of
information that they conduct or sponsor. ``Collection of information''
is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency
requests or requirements that members of the public submit reports,
keep records, or provide information to a third party. Section
[[Page 68013]]
3506(c)(2)(A) of title 44 requires Federal agencies to provide a 60-day
notice in the Federal Register concerning each proposed collection of
information, including each proposed extension of an existing
collection of information, before submitting the collection to OMB for
approval. To comply with this requirement, the OCC is publishing notice
of the renewal of the collection of information set forth in this
document.
Title: Guidance on Sound Incentive Compensation Policies.
OMB Number: 1557-0245.
Description: Under the guidance, each large national bank and
Federal savings association is required to: (i) Have policies and
procedures that identify and describe the role(s) of the personnel and
units authorized to be involved in developing and administering
incentive compensation arrangements, identify the source of significant
risk-related factors, establish appropriate controls governing these
factors to help ensure their reliability, and identify the
individual(s) and unit(s) whose approval is necessary for the
establishment or modification of incentive compensation arrangements;
(ii) create and maintain sufficient documentation to permit an audit of
the organization's processes for developing and administering incentive
compensation arrangements; (iii) have any material exceptions or
adjustments to the incentive compensation arrangements established for
senior executives approved and documented by its board of directors;
and (iv) have its board of directors receive and review, on an annual
or more frequent basis, an assessment by management of the
effectiveness of the design and operation of the organization's
incentive compensation system in providing risk-taking incentives that
are consistent with the organization's safety and soundness.
Application of the guidance to banking organizations will vary with
their size and complexity, and monitoring methods for small banks are
not directly tied to these four policies and procedures.
Type of Review: Regular.
Affected Public: Business or other for-profit.
Estimated Number of Respondents: 41 large banks; 1,105 small banks.
Total Annual Burden: 46,400 hours.
Frequency of Response: Annually.
All comments will be considered in formulating the subsequent
submission 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 information
collection burden;
(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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: December 5, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-26807 Filed 12-11-19; 8:45 am]
BILLING CODE 4810-33-P