60-Day FR Notice

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Federal Register / Vol. 89, No. 164 / Friday, August 23, 2024 / Notices

names, addresses, email addresses, or
telephone numbers, for virtual public
inspection and copying. The CDFI Fund
is open on official business days
between the hours of 9:00 a.m. and 5:00
p.m. Eastern Time. You can make
arrangements to virtually inspect
statements by emailing AdvisoryBoard@
cdfi.treas.gov. All statements received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. You should only submit
information that you wish to make
publicly available.
FOR FURTHER INFORMATION CONTACT: Bill
Luecht, Senior Advisor, Office of
Legislative and External Affairs, CDFI
Fund; (202) 653–0322 (this is not a tollfree number); or AdvisoryBoard@
cdfi.treas.gov. Other information
regarding the CDFI Fund and its
programs may be obtained through the
CDFI Fund’s website at http://
www.cdfifund.gov.
SUPPLEMENTARY INFORMATION: Section
104(d) of the Riegle Community
Development and Regulatory
Improvement Act of 1994 (Pub. L. 103–
325), which created the CDFI Fund,
established the Advisory Board. The
charter for the Advisory Board has been
filed in accordance with the Federal
Advisory Committee Act, as amended (5
U.S.C. 1001 et seq.), and with the
approval of the Secretary of the
Treasury.
The function of the Advisory Board is
to advise the Director of the CDFI Fund
(who has been delegated the authority to
administer the CDFI Fund) on the
policies regarding the activities of the
CDFI Fund. The Advisory Board is not
a governing board, and it does not
advise the CDFI Fund on approving or
declining any particular application for
monetary or non-monetary awards.
In accordance with section 10(a) of
the Federal Advisory Committee Act, 5
U.S.C. 1009 and the regulations
thereunder, Bill Luecht, Designated
Federal Officer of the Advisory Board,
has ordered publication of this notice
that the Advisory Board will convene an
open meeting, which will be held in the
Cash Room at the U.S. Department of
the Treasury located at 1500
Pennsylvania Avenue NW, Washington,
DC 20220, from 9:30 a.m. to 4:00 p.m.
Eastern Time on Thursday. September
19, 2024. The room will accommodate
up to 50 members of the public on a
first-come, first-served basis.
Because the meeting will be held in
a secure federal building, members of
the public who wish to attend the
meeting must register in advance. The
link to the online registration system is

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also posted under the date of the
meeting at www.cdfifund.gov/cdab. The
registration deadline is 11:59 p.m.
Eastern Time on Monday, September 16,
2024. For entry into the building on the
date of the meeting, each attendee must
present his or her government issued ID,
such as a driver’s license or passport,
which includes a photo.
Members of the public who wish to
view the live webcast can access the
link which will be posted under the
date of the meeting at
www.cdfifund.gov/cdab.
The Advisory Board meeting will
include a report from the CDFI Fund
Director on the activities of the CDFI
Fund and panel discussions related to
the Advisory Board’s subcommittees.
This meeting is being convened to
commemorate the 30th anniversary of
the establishment of the CDFI Fund.
Authority: 12 U.S.C. 4703.
Pravina Raghavan,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2024–18995 Filed 8–22–24; 8:45 am]
BILLING CODE 4810–70–P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
International Regulation—Part 28
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
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 the
renewal of its information collection
titled, ‘‘International Regulation—Part
28.’’

SUMMARY:

Comments must be received by
October 22, 2024.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: [email protected].
DATES:

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• Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0102, 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) 293–4835.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0102’’ 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.
Following the close of this notice’s
60-day comment period, the OCC will
publish a second notice with a 30-day
comment period. 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 by the method set forth in the
next bullet.
• Viewing Comments Electronically:
Go to www.reginfo.gov. Hover over the
‘‘Information Collection Review’’ tab
and click on ‘‘Information Collection
Review’’ from the drop-down menu.
From the ‘‘Currently under Review’’
drop-down menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching OMB control number ‘‘1557–
0102’’ or ‘‘International Regulation—
Part 28.’’ 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.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490, Chief Counsel’s Office,
Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech
disability, please dial 7–1–1 to access
telecommunications relay services.

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Federal Register / Vol. 89, No. 164 / Friday, August 23, 2024 / Notices
Under the
PRA (44 U.S.C. 3501 et seq.), Federal
agencies must obtain approval from the
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
3506(c)(2)(A) of title 44 generally
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/
revision of this collection.
Title: International Regulation—Part
28.
OMB Control No.: 1557–0102.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
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 (1) files an application, notice,
or report with the Board of Governors of
the Federal Reserve System (FRB) 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 (2) opens a
foreign branch, and no application or
notice is required by the FRB for such
transaction. Pursuant to § 28.3(c), the
OCC also has required additional
information in the form of an
application 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.

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SUPPLEMENTARY INFORMATION:

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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 (CED) on the
depository bank’s books and records.
The instruments making up the CED
that are placed in safekeeping at a
depository bank to satisfy a foreign
bank’s CED 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 CED may not be reduced in value
below the minimum required for that
branch or agency without the prior
approval of the OCC, but in no event
may the value fall 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 § 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 § 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.

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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) Voluntary
Liquidation—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.
Estimated Burden: $296,843.60.
Estimated Frequency of Response: On
occasion.
Estimated Number of Respondents:
52.
Estimated Total Annual Burden:
2,294 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. 2024–18939 Filed 8–22–24; 8:45 am]
BILLING CODE 4810–33–P

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