Agency Information Collection Activities; Submission for OMB Review; Comment Request; Hizballah Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts, 5963-5964 [2023-01757]

Download as PDF Federal Register / Vol. 88, No. 19 / Monday, January 30, 2023 / Notices Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to pra.comments@irs.gov. Include OMB Control No. 1545–2194 in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Sara Covington (202) 317–5744, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at sara.l.covington@ irs.gov. SUPPLEMENTARY INFORMATION: Title: Revenue Procedure 2011–34 Rules for Certain Rental Real Estate Activities. OMB Number: 1545–2194. Abstract: This revenue procedure grants relief under Section 1.469–9(g) for certain taxpayers to make late elections to treat all interests in rental real estate as a single rental real estate activity. Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or Households. Estimated Number of Respondents: 2,000. Estimated Time per Response: 30 mins. Estimated Total Annual Burden Hours: 1,000. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. 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 shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the lotter on DSK11XQN23PROD with NOTICES1 ADDRESSES: VerDate Sep<11>2014 17:30 Jan 27, 2023 Jkt 259001 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 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: January 24, 2023. Sara L. Covington, IRS Tax Analyst. [FR Doc. 2023–01793 Filed 1–27–23; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Hizballah Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: 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 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 Hizballah Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and PayableThrough Accounts. DATES: Comments should be received on or before March 1, 2023 to be assured of consideration. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Copies of the submissions may be obtained from Melody Braswell by emailing PRA@ treasury.gov, calling (202) 622–1035, or viewing the entire information collection request at www.reginfo.gov. SUMMARY: PO 00000 Frm 00114 Fmt 4703 Sfmt 4703 5963 FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, 202–622–2480; Assistant Director for Regulatory Affairs, 202–622–4855; or Assistant Director for Sanctions Compliance & Evaluation, 202–622– 2490. SUPPLEMENTARY INFORMATION: Office of Foreign Assets Control (OFAC) Title: Hizballah Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts. OMB Number: 1505–0255. Type of Review: Extension without change of a currently approved collection. Description: Section 566.504(b) of the Hizballah Financial Sanctions Regulations, 31 CFR part 566 (HFSR) provides 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 List of Foreign Financial Institutions Subject to Correspondent Account or PayableThrough Account Sanctions (the ‘‘CAPTA List’’) 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, and on all transactions processed or executed through the account pursuant to § 566.504, including the account outside of the United States to which funds remaining in the account were transferred. This report must be filed with OFAC within 30 days of 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 CAPTA List pursuant to 31 CFR part 566. The reports will be reviewed by OFAC and may be used for compliance and enforcement purposes by the agency. Affected Public: The likely respondents affected by this collection of information are U.S. financial institutions maintaining correspondent accounts or payable-through accounts for foreign financial institutions. Estimated Number of Respondents: OFAC assesses that the estimate for the number of unique reporting respondents is approximately 1. Frequency of Response: The estimated annual frequency of responses is approximately 1 response per respondent. E:\FR\FM\30JAN1.SGM 30JAN1 5964 Federal Register / Vol. 88, No. 19 / Monday, January 30, 2023 / Notices Estimated Total Number of Annual Responses: The estimated total number of responses per year is approximately 1. Estimated Time per Response: OFAC assesses that there is an average time estimate of 2 hours per response. Estimated Total Annual Burden Hours: The estimated total annual reporting burden is approximately 2 hours. Authority: 44 U.S.C. 3501 et seq. Melody Braswell, Treasury PRA Clearance Officer. [FR Doc. 2023–01757 Filed 1–27–23; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Proposed Collection; Comment Request; Bank Enterprise Award (BEA) Program Application Departmental Offices, Department of the Treasury. ACTION: Notice of information collection; request for comment. AGENCY: The U.S. Department of the Treasury, as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act (PRA) of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Bank Enterprise Award Program (BEA Program) Application (Application). The Application is an online form submitted through the CDFI Fund’s Awards Management Information System (AMIS). DATES: Comments should be received on or before March 1, 2023 to be assured of consideration. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Copies of the submissions may be obtained from Melody Braswell by emailing PRA@treasury.gov, calling (202) 622–1035, or viewing the entire information collection request at www.reginfo.gov. Other information lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:30 Jan 27, 2023 Jkt 259001 regarding the CDFI Fund and its programs may be obtained on the CDFI Fund website at https:// www.cdfifund.gov. The BEA Program Application Template, which presents the questions that will comprise the online Application, may be obtained from the BEA Program page of the CDFI Fund website at https:// www.cdfifund.gov/bea. SUPPLEMENTARY INFORMATION: Authority: 44 U.S.C. 3501 et seq. Melody Braswell, Treasury PRA Clearance Officer. [FR Doc. 2023–01811 Filed 1–27–23; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF VETERANS AFFAIRS Community Development Financial Institutions (CDFI) Rehabilitation Research and Development Service Scientific Merit Review Board; Notice of Meeting Title: BEA Program Application. OMB Number: 1559–0005. Abstract: The purpose of the Bank Enterprise Award Program (BEA Program) is to provide an incentive to Federal Deposit Insurance Corporationinsured (FDIC-insured) depository institutions to increase their lending, investment, and financial services to residents and businesses located in economically distressed communities, and provide assistance to Community Development Financial Institutions (CDFIs) through grants, stock purchases, loans, deposits, and other forms of financial and technical assistance. The CDFI Fund will make awards through the BEA Program to FDIC-insured depository institutions, based upon such institutions’ demonstrated increase of qualified activities, as reported in the Application. The Application will solicit information concerning: applicants’ eligibility to participate in the BEA Program; the increase in total dollar value of applicants’ qualified activities; impact of qualified activities; and appropriate supporting documentation. The questions that the Application contains, and the information generated thereby, will enable the CDFI Fund to evaluate applicants’ activities and determine the extent of applicants’ eligibility for BEA Program Awards. Type of Review: Extension without change of currently approved collection. Affected Public: Businesses or other for-profit institutions, non-profit entities, and State, local and Tribal entities participating in CDFI Fund programs. Estimated Number of Respondents: 141. Estimated Frequency of Response: Annually. Estimated Total Number of Annual Responses: 141. Estimated Annual Time per Respondent: 80 hours. Estimated Total Annual Burden Hours: 11,280. The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act (5 U.S.C. 10), that a meeting of the Rehabilitation Research and Development Service Scientific Merit Review Board (hereinafter the Board) will be held on Wednesday, March 8, 2023, via Webex. The meeting will be held between 1– 1:30 p.m. EST. The meeting will be partially closed to the public from 1:10– 1:30 p.m. EST for the discussion, examination and reference to the research applications and scientific review. Discussions will involve reference to staff and consultant critiques of research proposals. Discussions will also deal with scientific merit of each proposal and qualifications of personnel conducting the studies, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy. Additionally, premature disclosure of research information could significantly obstruct implementation of proposed agency action regarding the research proposals. As provided by Public Law 92–463 subsection 10(d), as amended by Public Law 94–409, closing the Board meeting is in accordance with 5 U.S.C. 552b(c) (6) and (9)(B). The objective of the Board is to provide for the fair and equitable selection of the most meritorious research projects for support by VA research funds and to offer advice for research program officials on program priorities and policies. The ultimate objective of the Board is to ensure that the VA Rehabilitation Research and Development program promotes functional independence and improves the quality of life for impaired and disabled Veterans. Board members advise the Director, Rehabilitation Research and Development Service and the Chief Research and Development Officer on the scientific and technical merit, the mission relevance, and the protection of human and animal subjects of Rehabilitation Research and Development proposals. The Board does PO 00000 Frm 00115 Fmt 4703 Sfmt 4703 E:\FR\FM\30JAN1.SGM 30JAN1

Agencies

[Federal Register Volume 88, Number 19 (Monday, January 30, 2023)]
[Notices]
[Pages 5963-5964]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-01757]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Hizballah Financial Sanctions Regulations 
Report on Closure by U.S. Financial Institutions of Correspondent 
Accounts and Payable-Through Accounts

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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

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 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 
Hizballah Financial Sanctions Regulations Report on Closure by U.S. 
Financial Institutions of Correspondent Accounts and Payable-Through 
Accounts.

DATES: Comments should be received on or before March 1, 2023 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Copies of 
the submissions may be obtained from Melody Braswell by emailing 
[email protected], calling (202) 622-1035, or viewing the entire 
information collection request at www.reginfo.gov.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 
202-622-4855; or Assistant Director for Sanctions Compliance & 
Evaluation, 202-622-2490.

SUPPLEMENTARY INFORMATION:

Office of Foreign Assets Control (OFAC)

    Title: Hizballah Financial Sanctions Regulations Report on Closure 
by U.S. Financial Institutions of Correspondent Accounts and Payable-
Through Accounts.
    OMB Number: 1505-0255.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Section 566.504(b) of the Hizballah Financial 
Sanctions Regulations, 31 CFR part 566 (HFSR) provides 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 List of Foreign Financial Institutions Subject to 
Correspondent Account or Payable-Through Account Sanctions (the ``CAPTA 
List'') 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, and on all transactions processed or executed through the 
account pursuant to Sec.  566.504, including the account outside of the 
United States to which funds remaining in the account were transferred. 
This report must be filed with OFAC within 30 days of 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 CAPTA List pursuant to 31 CFR part 
566. The reports will be reviewed by OFAC and may be used for 
compliance and enforcement purposes by the agency.
    Affected Public: The likely respondents affected by this collection 
of information are U.S. financial institutions maintaining 
correspondent accounts or payable-through accounts for foreign 
financial institutions.
    Estimated Number of Respondents: OFAC assesses that the estimate 
for the number of unique reporting respondents is approximately 1.
    Frequency of Response: The estimated annual frequency of responses 
is approximately 1 response per respondent.

[[Page 5964]]

    Estimated Total Number of Annual Responses: The estimated total 
number of responses per year is approximately 1.
    Estimated Time per Response: OFAC assesses that there is an average 
time estimate of 2 hours per response.
    Estimated Total Annual Burden Hours: The estimated total annual 
reporting burden is approximately 2 hours.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-01757 Filed 1-27-23; 8:45 am]
BILLING CODE 4810-AL-P
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