30-Day FR Notice

Federal Register / Vol. 89, No. 209 / Tuesday, October 29, 2024 / Notices
corresponding changes to the OCC
reporting forms to minimize
inconsistencies and reduce burden. The
OCC’s proposed new reporting forms
and instructions are available on the
OCC’s website at https://
www.occ.treas.gov/publications-andresources/forms/dodd-frank-act-stresstest/index-dodd-frank-act-stresstest.html.
Estimated Burden
Estimated Frequency of Response: On
occasion.
Estimated Number of Respondents: 4
annually and 4 biennially.
Estimated Total Annual Burden:
3,558 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. 2024–25037 Filed 10–28–24; 8:45 am]
BILLING CODE 4810–33–P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency

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Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
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

SUMMARY:

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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.’’ The OCC also is giving notice that
it has sent the collection to OMB for
review.
Comments must be received by
November 29, 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].
• 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.
Written comments and
recommendations for the proposed
information collection should also be
sent within 30 days of publication of
this notice to www.reginfo.gov/public/
do/PRAMain. You can find this
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
You may review comments and other
related materials that pertain to this
information collection following the
close of the 30-day comment period for
this notice by the method set forth in
the next bullet.
• Viewing Comments Electronically:
Go to www.reginfo.gov. Hover over the
DATES:

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‘‘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.
SUPPLEMENTARY INFORMATION: 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. The OCC
asks the OMB to extend its approval of
the collection in this notice.
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
Under 12 CFR 28.3(a), 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

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Federal Register / Vol. 89, No. 209 / Tuesday, October 29, 2024 / Notices

organization; or (2) opens a foreign
branch and no application or notice is
required by the FRB for such
transaction. Section 28.3(b) provides
that 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.
Pursuant to § 28.3(c), the OCC may
require additional information in the
form of an application from a national
bank seeking to join a foreign exchange,
clearinghouse, or similar type of
organization. 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
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.

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12 CFR 28.15(d), (d)(1), (d)(2), and (f)
Capital Equivalency Deposits
Under § 28.15(d), a foreign bank
should require its depository bank to
segregate its capital equivalency
deposits (CED) on the depository bank’s
books and records. Pursuant to
§ 28.15(d)(2), 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. Section 28.15(f) further provides
that 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. Finally, under
§ 28.15(d)(1), 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.

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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.
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.

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Estimated Total Annual Burden:
2,294 hours.
Comments: On August 23, 2024, the
OCC published a 60-day notice for this
information collection, (89 FR 68240).
No comments were received.
Comments continue to be 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. 2024–25031 Filed 10–28–24; 8:45 am]
BILLING CODE 4810–33–P

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Action
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:

The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the
removal of a person currently on
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN 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
this person is unblocked, and U.S.
persons are permitted to engage in
lawful transactions with them.
DATES: This action was issued on
October 23, 2024. See SUPPLEMENTARY
INFORMATION for relevant dates.
FOR FURTHER INFORMATION CONTACT:
OFAC: Associate Director for Global
Targeting, 202–622–2420; or Assistant
Director for Sanctions Compliance, 202–
622–2490 or https://ofac.treasury.gov/
contact-ofac.
SUPPLEMENTARY INFORMATION:
SUMMARY:

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