Agency Information Collection Activities; Proposed Collection; Comment Request; Request for Transfer of Property Seized/Forfeited by a Treasury Agency, 27003-27004 [2024-08026]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 89, No. 74 / Tuesday, April 16, 2024 / Notices a well-founded basis (and maintain sufficient written documentation of that legal review) that: (i) the agreement meets the requirements of the definition of qualifying master netting agreement in section 50.3 and (ii) in the event of a legal challenge, the relevant judicial and administrative authorities would find the agreement to be legal, valid, binding, and enforceable under the law of the relevant jurisdictions. Section 50.4(a)(2) also requires a covered bank to establish and maintain written procedures to monitor possible changes in relevant law and to ensure that the agreement continues to satisfy the requirements of the definition of qualifying master netting agreement in section 50.3. Section 50.22(a)(1) requires a covered bank to demonstrate the operational capability to monetize the bank’s HQLA (i.e., high-quality liquid assets) by implementing and maintaining procedures and systems to monetize any HQLA at any time in accordance with relevant standard settlement periods and procedures and periodically monetizing a sample of the HQLA that reflects the composition of the covered bank’s eligible HQLA. Section 50.22(a)(2) requires a covered bank to implement policies that require the eligible HQLA to be under the control of the management function in the covered bank that is charged with managing liquidity risk. The management function must evidence its control over the HQLA by segregating the HQLA from other assets, with the sole intent to use the HQLA as a source of liquidity, or by demonstrating the ability to monetize the assets and making the proceeds available to the liquidity management function without conflicting with a business or risk management strategy of the covered bank. Section 50.22(a)(4) requires a covered bank to implement and maintain policies and procedures that determine the composition of its eligible HQLA on each calculation date by identifying, determining, and ensuring certain required steps. Section 50.22(a)(5) requires a covered bank to have a documented methodology that results in a consistent treatment for determining that the covered bank’s eligible HQLA meets the requirements of section 50.22. Section 50.109(b) provides that if a covered bank includes an ASF (i.e., available stable funding) amount in excess of the RSF (i.e., required stable funding) amount of the consolidated subsidiary, it must implement and maintain written procedures to identify and monitor applicable statutory, VerDate Sep<11>2014 19:09 Apr 15, 2024 Jkt 262001 regulatory, contractual, supervisory, or other restrictions on transferring assets from the consolidated subsidiaries. These procedures must document which types of transactions the institution could use to transfer assets from a consolidated subsidiary to the institution and how these types of transactions comply with applicable statutory, regulatory, contractual, supervisory, or other restrictions. Estimated Burden Estimated Frequency of Response: On occasion, annual. Estimated Number of Respondents: 15. Estimated Total Annual Burden: 735 hours. 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. Patrick T. Tierney, Assistant Director,Office of the Comptroller of the Currency. [FR Doc. 2024–07950 Filed 4–15–24; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Proposed Collection; Comment Request; Request for Transfer of Property Seized/Forfeited by a Treasury Agency Departmental Offices, U.S. Department of the Treasury. ACTION: Notice of information collection; request for comment. AGENCY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and SUMMARY: PO 00000 Frm 00148 Fmt 4703 Sfmt 4703 27003 other federal agencies to comment on the proposed information collection listed below, in accordance with the Paperwork Reduction Act of 1995. DATES: Written comments must be received on or before June 17, 2024. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions for reducing the burden, to Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Spencer W. Clark by emailing PRA@treasury.gov, calling (202) 927–5331, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Title: Request for Transfer of Property Seized/Forfeited by a Treasury Agency. OMB Control Number: 1505–0152. Type of Review: Revision of a currently approved collection. Description: Form TD F 92–22.46 is necessary for State and local law enforcement agencies to apply for the sharing of seized assets from the Treasury Forfeiture Fund after participating in joint investigations with the Federal government. Treasury will be updating the form to include collection of the SAM/Unique Entity ID number for the requesting State or local agency. Form: TD F 92–22.46. Affected Public: State and local law enforcement agencies. Estimated Number of Respondents: 1,000. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 7,000. Estimated Time per Response: 30 minutes. Estimated Total Annual Burden Hours: 3,500. Request for Comments: Comments submitted in response to this notice will be summarized and included in the request for Office of Management and Budget 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 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 E:\FR\FM\16APN1.SGM 16APN1 27004 Federal Register / Vol. 89, No. 74 / Tuesday, April 16, 2024 / Notices respondents, including through the use of technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services required to provide information. Authority: 44 U.S.C. 3501 et seq. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2024–08026 Filed 4–15–24; 8:45 am] khammond on DSKJM1Z7X2PROD with NOTICES BILLING CODE 4810–AK–P VerDate Sep<11>2014 19:09 Apr 15, 2024 Jkt 262001 PO 00000 Frm 00149 Fmt 4703 Sfmt 9990 E:\FR\FM\16APN1.SGM 16APN1

Agencies

[Federal Register Volume 89, Number 74 (Tuesday, April 16, 2024)]
[Notices]
[Pages 27003-27004]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08026]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Request for Transfer of Property Seized/Forfeited by a 
Treasury Agency

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

ACTION: Notice of information collection; request for comment.

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

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 the proposed 
information collection listed below, in accordance with the Paperwork 
Reduction Act of 1995.

DATES: Written comments must be received on or before June 17, 2024.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to Treasury PRA Clearance Officer, 1750 
Pennsylvania Ave. NW, Suite 8100, Washington, DC 20220, or email at 
[email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Request for Transfer of Property Seized/Forfeited by a 
Treasury Agency.
    OMB Control Number: 1505-0152.
    Type of Review: Revision of a currently approved collection.
    Description: Form TD F 92-22.46 is necessary for State and local 
law enforcement agencies to apply for the sharing of seized assets from 
the Treasury Forfeiture Fund after participating in joint 
investigations with the Federal government. Treasury will be updating 
the form to include collection of the SAM/Unique Entity ID number for 
the requesting State or local agency.
    Form: TD F 92-22.46.
    Affected Public: State and local law enforcement agencies.
    Estimated Number of Respondents: 1,000.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 7,000.
    Estimated Time per Response: 30 minutes.
    Estimated Total Annual Burden Hours: 3,500.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget 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 
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

[[Page 27004]]

respondents, including through the use of technology; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services required to provide information.
    Authority: 44 U.S.C. 3501 et seq.

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-08026 Filed 4-15-24; 8:45 am]
BILLING CODE 4810-AK-P
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