80 FR 20077 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; International Regulation
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 80, Issue 71 (April 14, 2015)
Office of the Comptroller of the Currency
Federal Register Volume 80, Issue 71 (April 14, 2015)
| Page Range | 20077-20078 | |
| FR Document | 2015-08494 |
[Federal Register Volume 80, Number 71 (Tuesday, April 14, 2015)] [Notices] [Pages 20077-20078] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-08494] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; International Regulation 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 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 renewal of its information collection titled ``International Regulation.'' DATES: Comments must be received by June 15, 2015. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0102, 400 7th Street SW., Suite 3E-218, Mail Stop 9W- 11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465-4326 or by electronic mail to regs.comments@occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649-6700. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. FOR FURTHER INFORMATION CONTACT: Mary H. Gottlieb, OCC Clearance Officer, (202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval of the following information collection without change: Title: International Regulation--Part 28. OMB Control No.: 1557-0102. 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 files an application, notice, or report with the FRB \1\ 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 opens a foreign branch, and no application or notice is required by the FRB for such transaction. --------------------------------------------------------------------------- \1\ Board of Governors of the Federal Reserve System. --------------------------------------------------------------------------- In practice, the OCC also has required an application pursuant to section 28.3(c) 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. 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 on the depository bank's books and records. The instruments making up the capital equivalency deposit that are placed in safekeeping at a depository bank to satisfy a foreign bank's capital equivalency deposit 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 capital equivalency deposits may not be reduced in value below the [[Page 20078]] minimum required for that branch or agency without the prior approval of the OCC, but in no event 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 section 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 section 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) 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. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 49. Estimated Total Annual Burden: 2,284. Frequency of Response: On occasion. Comments submitted in response to this notice will be summarized, included in the request for OMB approval, 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 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. Dated: April 8, 2015. Mary H. Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2015-08494 Filed 4-13-15; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices 20077
for requesting the extension are collection, as required by the Paperwork The OCC requests only that OMB extend
adequate. The OCC also uses the Reduction Act of 1995 (PRA). its approval of the information
information to evaluate the risks to the In accordance with the requirements collection.
bank of extending the holding period, of the PRA, the OCC may not conduct 12 CFR 28.3 Filing Requirements for
including potential effects on the bank’s or sponsor, and the respondent is not Foreign Operations of a National
safety and soundness. required to respond to, an information Bank—Notice Requirement. A national
Type of Review: Extension of a collection unless it displays a currently bank shall notify the OCC when it files
currently approved collection. valid Office of Management and Budget an application, notice, or report with the
Affected Public: Businesses or other (OMB) control number. FRB 1 to establish or open a foreign
for-profit. The OCC is soliciting comment branch, or acquire or divest of an
Estimated Number of Respondents: concerning renewal of its information interest in, or close, an Edge
25. collection titled ‘‘International corporation, Agreement corporation,
Estimated Total Annual Burden: 460 Regulation.’’ foreign bank, or other foreign
hours. DATES: Comments must be received by organization; or opens a foreign branch,
Frequency of Response: On occasion. June 15, 2015. and no application or notice is required
Comments submitted in response to by the FRB for such transaction.
ADDRESSES: Because paper mail in the
this notice will be summarized and In practice, the OCC also has required
Washington, DC area and at the OCC is an application pursuant to section
included in the request for OMB
subject to delay, commenters are 28.3(c) from a national bank seeking to
approval. All comments will become a
encouraged to submit comments by join a foreign exchange, clearinghouse,
matter of public record. Comments are
email, if possible. Comments may be or similar type of organization. In lieu
invited on:
sent to: Legislative and Regulatory of a notice, the OCC may accept a copy
(a) Whether the collection of
Activities Division, Office of the of an application, notice, or report
information is necessary for the proper
Comptroller of the Currency, Attention: submitted to another Federal agency
performance of the functions of the
1557–0102, 400 7th Street SW., Suite that covers the proposed action and
OCC, including whether the information
3E–218, Mail Stop 9W–11, Washington, contains substantially the same
has practical utility;
DC 20219. In addition, comments may information required by the OCC. A
(b) The accuracy of the OCC’s
be sent by fax to (571) 465–4326 or by national bank shall furnish the OCC
estimate of the burden of the collection
electronic mail to regs.comments@ with any additional information the
of information;
occ.treas.gov. You may personally OCC may require in connection with the
(c) Ways to enhance the quality,
inspect and photocopy comments at the national bank’s foreign operations.
utility, and clarity of the information to
OCC, 400 7th Street SW., Washington, 12 CFR 28.14(c) Limitations Based
be collected;
(d) Ways to minimize the burden of DC 20219. For security reasons, the OCC Upon Capital of a Foreign Bank—
the collection on respondents, including requires that visitors make an Aggregation. A foreign bank shall
through the use of automated collection appointment to inspect comments. You aggregate business transacted by all
techniques or other forms of information may do so by calling (202) 649–6700. Federal branches and agencies with the
technology; and Upon arrival, visitors will be required to business transacted by all state branches
(e) Estimates of capital or start-up present valid government-issued photo and agencies controlled by the foreign
costs and costs of operation, identification and submit to security bank in determining its compliance
maintenance, and purchase of services screening in order to inspect and with limitations based upon the capital
to provide information. photocopy comments. of the foreign bank. A foreign bank shall
All comments received, including designate one Federal branch or agency
Dated: April 8, 2015. attachments and other supporting office in the United States to maintain
Mary H. Gottlieb, materials, are part of the public record consolidated information so that the
Regulatory Specialist, Legislative and and subject to public disclosure. Do not OCC can monitor compliance.
Regulatory Activities Division. enclose any information in your 12 CFR 28.15(d), (d)(1), (d)(2), and (f)
[FR Doc. 2015–08493 Filed 4–13–15; 8:45 am] comment or supporting materials that Capital Equivalency Deposits. A foreign
BILLING CODE 4810–33–P you consider confidential or bank should require its depository bank
inappropriate for public disclosure. to segregate its capital equivalency
FOR FURTHER INFORMATION CONTACT: deposits on the depository bank’s books
DEPARTMENT OF THE TREASURY Mary H. Gottlieb, OCC Clearance and records. The instruments making up
Officer, (202) 649–5490, for persons the capital equivalency deposit that are
Office of the Comptroller of the who are deaf or hard of hearing, TTY, placed in safekeeping at a depository
Currency (202) 649–5597, Legislative and bank to satisfy a foreign bank’s capital
Agency Information Collection Regulatory Activities Division, Office of equivalency deposit requirement must
Activities: Information Collection the Comptroller of the Currency, 400 7th be maintained pursuant to an agreement
Renewal; Comment Request; Street SW., Suite 3E–218, Mail Stop prescribed by the OCC that shall be a
International Regulation 9W–11, Washington, DC 20219. written agreement entered into with the
SUPPLEMENTARY INFORMATION: The OCC OCC. Each Federal branch or agency
AGENCY: Office of the Comptroller of the is proposing to extend OMB approval of shall maintain a capital equivalency
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Currency (OCC), Treasury. the following information collection account and keep records of the amount
ACTION: Notice and request for comment. without change: of liabilities requiring capital
Title: International Regulation—Part equivalency coverage in a manner and
SUMMARY: The OCC, as part of its 28. form prescribed by the OCC. A foreign
continuing effort to reduce paperwork OMB Control No.: 1557–0102. bank’s capital equivalency deposits may
and respondent burden, invites the Description: This submission covers not be reduced in value below the
general public and other Federal an existing regulation and involves no
agencies to take this opportunity to change to the regulation or to the 1 Board of Governors of the Federal Reserve
comment on a continuing information information collection requirements. System.
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![20078 Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
minimum required for that branch or Comments submitted in response to Electronic and Facsimile Availability
agency without the prior approval of the this notice will be summarized,
OCC, but in no event below the included in the request for OMB The Specially Designated Nationals
statutory minimum. approval, and become a matter of public and Blocked Persons List and additional
12 CFR 28.16(c) Deposit-Taking by an record. Comments are invited on: information concerning OFAC sanctions
Uninsured Federal branch—Application (a) Whether the collection of programs are available on OFAC’s Web
for an Exemption. A foreign bank may information is necessary for the proper site (www.treas.gov/ofac). Certain
apply to the OCC for an exemption to performance of the functions of the general information pertaining to
permit an uninsured Federal branch to OCC, including whether the information OFAC’s sanctions programs is also
accept or maintain deposit accounts that has practical utility; available via facsimile through a 24-
are not listed in section 28.16(b). The (b) The accuracy of the OCC’s hour fax-on-demand service, tel.: 202/
request should describe the types, estimate of the burden of the collection 622–0077.
sources, and estimated amount of such of information;
deposits and explain why the OCC (c) Ways to enhance the quality, Notice of OFAC Actions
should grant an exemption, and how the utility, and clarity of the information to On March 31, 2015, OFAC blocked
exemption maintains and furthers the be collected; the property and interests in property of
policies described in section 28.16(a). (d) Ways to minimize the burden of the following three persons pursuant to
12 CFR 28.16(d) Deposit-Taking by an the collection on respondents, including
E.O. 13382, ‘‘Blocking Property of
Uninsured Federal Branch— through the use of automated collection
Weapons of Mass Destruction
Aggregation of Deposits. A foreign bank techniques or other forms of information
technology; and Proliferators and Their Supporters’’:
that has more than one Federal branch
in the same state may aggregate deposits (e) Estimates of capital or start-up Entities:
in all of its Federal branches in that costs and costs of operation, 1. DENISE COMPANY, Tayyouneh-
state, but exclude deposits of other maintenance, and purchase of services Bdeir Building, 2nd Floor, Beirut,
branches, agencies, or wholly owned to provide information. Lebanon [NPWMD].
subsidiaries of the bank. The Federal Dated: April 8, 2015.
branch shall compute the average 2. SHADI FOR CARS TRADING,
Mary H. Gottlieb, Tayyouneh-Bdeir Building, 2nd Floor,
amount by using the sum of deposits as
Regulatory Specialist, Legislative and Beirut, Lebanon [NPWMD].
of the close of business of the last 30 Regulatory Activities Division.
calendar days ending with, and 3. SIGMA TECH COMPANY, Fayez
[FR Doc. 2015–08494 Filed 4–13–15; 8:45 am]
including, the last day of the calendar Mansour Street, Bldg No/35/-Floor No/
BILLING CODE 4810–33–P
quarter, divided by 30. The Federal 2/Baramkeh, P.O. Box 34081, Damascus,
branch shall maintain records of the Syria [NPWMD].
calculation until its next examination by DEPARTMENT OF THE TREASURY On March 31, 2015, OFAC blocked
the OCC.
the property and interests in property of
12 CFR 28.18(c)(1) Recordkeeping and Office of Foreign Assets Control the following person pursuant to E.O.
Reporting—Maintenance of Accounts,
13582, ‘‘Blocking Property of the
Books, and Records. Each Federal Sanctions Actions Pursuant to
branch or agency shall maintain a set of Executive Orders 13382, 13573, and Government of Syria and Prohibiting
accounts and records reflecting its 13582 Certain Transactions with Respect to
transactions that are separate from those Syria’’:
of the foreign bank and any other branch AGENCY: Office of Foreign Assets Individual:
or agency. The Federal branch or agency Control, Treasury.
1. RIDA, Batoul; DOB 01 Jun 1982;
shall keep a set of accounts and records ACTION: Notice.
citizen Syria (individual) [SYRIA].
in English sufficient to permit the OCC
SUMMARY: The Treasury Department’s On March 31, 2015, OFAC published
to examine the condition of the Federal
Office of Foreign Assets Control (OFAC) the following revised information for
branch or agency and its compliance
is publishing the names of five persons the following person on OFAC’s SDN
with applicable laws and regulations.
whose property and interests in List whose property and interests in
12 CFR 28.20(a)(1) Maintenance of
property are blocked pursuant to one or property are blocked pursuant to E.O.
Assets—General Rule. The OCC may
more of the following authorities: 13573, ‘‘Blocking Property of Senior
require a foreign bank to hold certain
Executive Order (E.O.) 13382, E.O. Officials of The Government of Syria’’:
assets in the state in which its Federal
13573, and E.O. 13582.
branch or agency is located. Individual:
12 CFR 28.22(e) Reports of DATES: OFAC’s actions described in this
notice were effective on March 31, 2015, 1. MAYALEH, Adib (a.k.a. ANDRE,
Examination. The Federal branch or
as further specified below. Miyal; a.k.a. MAYALA, Adib; a.k.a.
agency shall send the OCC certification
that all of its Reports of Examination FOR FURTHER INFORMATION CONTACT: MAYARD, Andre); DOB 1955; POB
have been destroyed or return its Associate Director for Global Targeting, Daraa, Syria; Governor of Central Bank
Reports of Examination to the OCC. tel.: 202/622–2420, Assistant Director of Syria (individual) [SYRIA].
Type of Review: Extension of a for Sanctions Compliance & Evaluation, Dated: March 31, 2015.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
currently approved collection. tel.: 202/622–2490, Assistant Director John E. Smith,
Affected Public: Businesses or other for Licensing, tel.: 202/622–2480, Office
Acting Director, Office of Foreign Assets
for-profit. of Foreign Assets Control, or Chief Control.
Estimated Number of Respondents: Counsel (Foreign Assets Control), tel.:
[FR Doc. 2015–08506 Filed 4–13–15; 8:45 am]
49. 202/622–2410, Office of the General
Counsel, Department of the Treasury BILLING CODE 4810–ALP
Estimated Total Annual Burden:
2,284. (not toll free numbers).
Frequency of Response: On occasion. SUPPLEMENTARY INFORMATION:
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Document Created: 2015-12-18 11:10:26
Document Modified: 2015-12-18 11:10:26
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | Comments must be received by June 15, 2015. | |
| Contact | Mary H. Gottlieb, OCC Clearance Officer, (202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219. | |
| FR Citation | 80 FR 20077 |
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