80 FR 80461 - Surety Companies Acceptable on Federal Bonds: National Fire & Marine Insurance Company Berkshire Hathaway Homestate Insurance Company
DEPARTMENT OF THE TREASURY
Fiscal Service Federal Register Volume 80, Issue 247 (December 24, 2015)
Fiscal Service
Federal Register Volume 80, Issue 247 (December 24, 2015)
| Page Range | 80461-80462 | |
| FR Document | 2015-32474 |
[Federal Register Volume 80, Number 247 (Thursday, December 24, 2015)] [Notices] [Pages 80461-80462] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-32474] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Fiscal Service Surety Companies Acceptable on Federal Bonds: National Fire & Marine Insurance Company Berkshire Hathaway Homestate Insurance Company AGENCY: Bureau of the Fiscal Service, Fiscal Service, Department of the Treasury. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: This is Supplement No. 5 to the Treasury Department Circular 570, 2015 Revision, published July 1, 2015, at 80 FR 37735. FOR FURTHER INFORMATION CONTACT: Surety Bond Section at (202) 874-6850. SUPPLEMENTARY INFORMATION: A Certificate of Authority as an acceptable surety on Federal bonds is hereby issued under 31 U.S.C. 9305 to the following companies: National Fire & Marine Insurance Company (NAIC# 20079), BUSINESS ADDRESS: 3024 Harney Street, Omaha, NE 68131-3580. PHONE: (402)393- 7255. UNDERWRITING LIMITATION b/: $560,473,000. SURETY LICENSES c/: NE. INCORPORATED IN: Nebraska Berkshire Hathaway Homestate Insurance Company (NAIC# 20044), BUSINESS ADDRESS: 1314 Douglas Street, Omaha, NE 68102. PHONE: (402)393-7255. UNDERWRITING LIMITATION b/: $115,951,000. SURETY LICENSES c/: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE., NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY. INCORPORATED IN: Nebraska Federal bond-approving officers should annotate their reference copies of the Treasury Circular 570 (``Circular''), 2015 Revision, to reflect these additions. Certificates of Authority expire on June 30th each year, unless revoked prior to that date. The Certificates are subject to subsequent annual renewal as long as the companies remain qualified [[Page 80462]] (see 31 CFR part 223). A list of qualified companies is published annually as of July 1st in the Circular, which outlines details as to the underwriting limitations, areas in which companies are licensed to transact surety business, and other information. The Circular may be viewed and downloaded through the Internet at www.fiscal.treasury.gov/fsreports/ref/suretyBnd/c570.htm Questions concerning this Notice may be directed to the U.S. Department of the Treasury, Bureau of the Fiscal Service, Financial Accounting and Services Branch, Surety Bond Section, 3700 East-West Highway, Room 6D22, Hyattsville, MD 20782. Dated: December 14, 2015. Kevin McIntyre, Manager, Financial Accounting and Services Branch. [FR Doc. 2015-32474 Filed 12-23-15; 8:45 am] BILLING CODE 4810-AS-P
![Federal Register / Vol. 80, No. 247 / Thursday, December 24, 2015 / Notices 80461
grants for down payments, fees, and bank’s making of any substantive be deemed to be unsafe and unsound
closing costs; at or below market interest change to a previously submitted solely because of any material
rates; or rewards for long-term program. Such requests may include amendment or rescission of this
occupancy). clarification or changes to ensure the bulletin.
• Monitoring and internal reporting program is consistent with safe and Dated: December 18, 2015.
requirements sufficient to: (1) Assess the sound lending practices. Stuart E. Feldstein,
performance, impact, trends, and During the course of subsequent
Director, Legislative and Regulatory Activities
success of the program; and (2) inform supervisory activities, examiners also Division.
the board on at least a quarterly basis of will monitor and evaluate the program. [FR Doc. 2015–32376 Filed 12–23–15; 8:45 am]
the aggregate dollar amount, and Examiners evaluations will include
BILLING CODE 4810–33–P
percentage of tier 1 capital, of consideration of the:
committed eligible loans in relation to • Bank’s governance of the program
the board-approved limitation. and whether the program adequately DEPARTMENT OF THE TREASURY
manages the various risks.
D. Notice to the OCC • Performance of loans that exceed Fiscal Service
The bank should notify the the SLTV limits and whether delinquent
appropriate OCC supervisory office in eligible loans are managed and Surety Companies Acceptable on
writing at least 30 days before the bank’s accurately classified consistent with the Federal Bonds: National Fire & Marine
first origination of an eligible loan OCC’s existing guidance on delinquent Insurance Company Berkshire
pursuant to the program or the bank’s loans and in compliance with Hathaway Homestate Insurance
making of any substantive change to a applicable laws pertaining to loans in Company
previously submitted program. delinquency.11 AGENCY: Bureau of the Fiscal Service,
Substantive changes may include the • Bank’s internal reporting of
Fiscal Service, Department of the
addition of a new eligible community, program performance, impact, trends,
Treasury.
an increase in the financial commitment and overall success.
ACTION: Notice.
or duration of a program, or material • Process to establish and document
changes to eligible loan characteristics community development consideration, SUMMARY: This is Supplement No. 5 to
or underwriting standards. Such notice if applicable, under the Community the Treasury Department Circular 570,
should include: Reinvestment Act. 2015 Revision, published July 1, 2015,
• The date the bank’s board (or For banks found to have shortfalls or at 80 FR 37735.
appropriately designated board unsatisfactory governance or controls, FOR FURTHER INFORMATION CONTACT:
committee) approved the program’s examiners will communicate these Surety Bond Section at (202) 874–6850.
policies and procedures. findings to the bank and require
SUPPLEMENTARY INFORMATION: A
• A copy of the board-approved remediation to continue the lending
Certificate of Authority as an acceptable
policies and procedures. activity. In addition, examiners may
surety on Federal bonds is hereby
review individual eligible loans to
II. OCC Supervisory Considerations issued under 31 U.S.C. 9305 to the
assess asset quality, credit risk, and
following companies:
A. Supervision of Individual Banks consumer compliance. National Fire & Marine Insurance
After receiving the bank’s notice to B. Overall Evaluation of Programs Company (NAIC# 20079), BUSINESS
the OCC, examiners will evaluate the At least annually, the OCC will ADDRESS: 3024 Harney Street,
bank’s program to assess whether it evaluate the overall impact of banks’ Omaha, NE 68131–3580. PHONE:
complies with the requirements of programs in communities targeted for (402)393–7255. UNDERWRITING
applicable laws and regulations and is revitalization. The OCC’s evaluations LIMITATION b/: $560,473,000.
consistent with safe and sound lending will consider, among other matters, SURETY LICENSES c/: NE.
practices, this bulletin, and other whether the programs adequately INCORPORATED IN: Nebraska
relevant guidance. Examiners’ Berkshire Hathaway Homestate
control the various risks, the
assessment will include review of the: Insurance Company (NAIC# 20044),
performance of loans that exceed the
• Financial commitment (as a dollar SLTV limits, and the effect such lending
BUSINESS ADDRESS: 1314 Douglas
amount and a percentage of Tier 1 Street, Omaha, NE 68102. PHONE:
has had on the housing market and
capital) and defined geographies for (402)393–7255. UNDERWRITING
other economic indicators in
originating eligible loans. LIMITATION b/: $115,951,000.
communities targeted for revitalization.
• Characteristics of eligible loans and Based on these evaluations, the OCC
SURETY LICENSES c/: AL, AK, AZ,
incentives, if available, to qualifying AR, CA, CO, CT, DE, DC, FL, GA, HI,
may amend or rescind this bulletin. Any
borrowers. ID, IL, IN, IA, KS, KY, LA, ME, MD,
decision by the OCC to materially
• Standards for the underwriting, amend or rescind this bulletin will
MA, MI, MN, MS, MO, MT, NE., NV,
collateral review, credit administration, NH, NJ, NM, NY, NC, ND, OH, OK,
apply only to the origination of new
and approval of eligible loans. OR, PA, RI, SC, SD, TN, TX, UT, VT,
loans that exceed the SLTV limits. Any
• Borrower notice(s). loans originated that are consistent with
VA, WA, WV, WI, WY.
• Monitoring and reporting INCORPORATED IN: Nebraska
this bulletin, or any subsequent
procedures for eligible loans. Federal bond-approving officers should
revisions thereof, when made will not
• Process for ensuring compliance
mstockstill on DSK4VPTVN1PROD with NOTICES
annotate their reference copies of the
with all applicable laws and regulations. 11 Applicable laws may include (1) Regulation X, Treasury Circular 570 (‘‘Circular’’), 2015
In connection with the evaluation of 12 CFR 1024, which provides mortgage servicing Revision, to reflect these additions.
the bank’s program, examiners may standards, including early intervention Certificates of Authority expire on
request clarification or changes to the requirements and loss mitigation procedures and (2) June 30th each year, unless revoked
Regulation Z, 12 CFR 1026, which establishes
bank’s policies and procedures before requirements for including delinquency-related
prior to that date. The Certificates are
the bank’s first origination of an eligible information on the periodic statements required for subject to subsequent annual renewal as
loan pursuant to the program or the residential mortgage loans. long as the companies remain qualified
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![80462 Federal Register / Vol. 80, No. 247 / Thursday, December 24, 2015 / Notices
(see 31 CFR part 223). A list of qualified programs are available from OFAC’s DOB 05 May 1967; alt. DOB 05 May
companies is published annually as of Web site (www.treasury.gov/ofac). 1966; POB Kamenge, Bujumbura,
July 1st in the Circular, which outlines Certain general information pertaining Burundi; nationality Burundi; Gender
details as to the underwriting to OFAC’s sanctions programs is also Male (individual) [BURUNDI].
limitations, areas in which companies available via facsimile through a 24- Dated: December 18, 2015.
are licensed to transact surety business, hour fax-on-demand service, tel.: 202/ John E. Smith,
and other information. 622–0077. Acting Director, Office of Foreign Assets
The Circular may be viewed and Control.
downloaded through the Internet at Notice of OFAC Actions
[FR Doc. 2015–32379 Filed 12–23–15; 8:45 am]
www.fiscal.treasury.gov/fsreports/ref/ On December 18, 2015, OFAC blocked
BILLING CODE 4810–AL–P
suretyBnd/c570.htm the property and interests in property of
Questions concerning this Notice may the following two individuals pursuant
be directed to the U.S. Department of to E.O. 13667, ‘‘Blocking Property of DEPARTMENT OF THE TREASURY
the Treasury, Bureau of the Fiscal Certain Persons Contributing to the
Service, Financial Accounting and Conflict in the Central African Internal Revenue Service
Services Branch, Surety Bond Section, Republic’’:
3700 East-West Highway, Room 6D22, Proposed Collection; Comment
1. GAYE, Haroun (a.k.a. GAYE, Aroun; a.k.a.
Hyattsville, MD 20782. GEYE, Aroun; a.k.a. GUAYE, Haroun; Request for Form 8844
Dated: December 14, 2015. a.k.a. GUEYE, Haroun), Bangui, Central AGENCY: Internal Revenue Service (IRS),
Kevin McIntyre, African Republic; DOB 30 Jan 1968; alt.
Treasury.
Manager, Financial Accounting and Services DOB 30 Jan 1969; Passport O00065872
(Central African Republic) expires 30 ACTION: Notice and request for
Branch.
Dec 2019 (individual) [CAR]. comments.
[FR Doc. 2015–32474 Filed 12–23–15; 8:45 am]
2. NGAIKOSSET, Eugene Barret (a.k.a.
BILLING CODE 4810–AS–P NGAIKOISSET, Eugene; a.k.a. SUMMARY: The Department of the
NGAIKOSSE, Eugene Barret; a.k.a. Treasury, as part of its continuing effort
NGAIKOUESSET, Eugene; a.k.a. to reduce paperwork and respondent
DEPARTMENT OF THE TREASURY NGAKOSSET, Eugene; a.k.a. ‘‘The burden, invites the general public and
Butcher of Paoua’’), Bangui, Central other Federal agencies to take this
Office of Foreign Assets Control African Republic; DOB 08 Oct 1967; alt. opportunity to comment on proposed
DOB 10 Aug 1967; POB Bossangoa, and/or continuing information
Sanctions Actions Pursuant to Central African Republic; nationality
collections, as required by the
Executive Orders 13667 and 13712 Central African Republic; Identification
Number 911–10–77 (Central African Paperwork Reduction Act of 1995,
AGENCY: Office of Foreign Assets Republic) (individual) [CAR]. Public Law 104–13 (44 U.S.C.
Control, Treasury. 3506(c)(2)(A)). Currently, the IRS is
ACTION: Notice.
Also on December 18, 2015, OFAC soliciting comments concerning Form
blocked the property and interests in 8844, Empowerment Zone Employment
SUMMARY: The Treasury Department’s property of the following four Credit.
Office of Foreign Assets Control (OFAC) individuals pursuant to E.O. 13712, DATES: Written comments should be
is publishing the names of two ‘‘Blocking Property of Certain Persons received on or before February 22, 2016
individuals whose property and Contributing to the Situation in to be assured of consideration.
interests in property are blocked Burundi’’:
ADDRESSES: Direct all written comments
pursuant to Executive Order (E.O.) 1. NDIRAKOBUCA, Gervais (a.k.a. to Michael A. Joplin, Internal Revenue
13667 and four individuals whose NDIRAKOBUCHA, Gervais; a.k.a. Service, Room 6129, 1111 Constitution
property and interests in property are ‘‘Ndakugarika’’), Burundi; DOB 01 Aug
Avenue NW., Washington, DC 20224.
blocked pursuant to Executive Order 1970; nationality Burundi; Passport
(E.O.) 13712, and whose names have DP0000761; General; Chief of Staff, FOR FURTHER INFORMATION CONTACT:
been added to OFAC’s list of Specially Ministry of Public Security; Chief of Requests for additional information or
Designated Nationals and Blocked Cabinet for Police Affairs; Burundian copies of the form and instructions
National Police Chief of Cabinet should be directed to Martha R. Brinson,
Persons (SDN List).
(individual) [BURUNDI]. Internal Revenue Service, Room 6129,
DATES: OFAC’s actions described in this 2. NGENDAKUMANA, Leonard; DOB 24 Nov 1111 Constitution Avenue NW.,
notice were effective December 18, 1968; nationality Burundi; Passport Washington, DC 20224, or through the
2015. DP0000885; General; Burundian
National Intelligence Service (SNR)
Internet at Martha.R.Brinson@irs.gov.
FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: Title:
Cabinet Chief (former) (individual)
Associate Director for Global Targeting, [BURUNDI]. Empowerment Zone Employment
tel.: 202/622–2420, Assistant Director 3. NIYONZIMA, Joseph (a.k.a. NIJONZIMA, Credit.
for Sanctions Compliance & Evaluation, Joseph; a.k.a. NIYONZIMA, Mathias OMB Number: 1545–1444.
tel.: 202/622–2490, Assistant Director Joseph; a.k.a. NIYONZIMA, Salvator; Form Number: 8844.
for Licensing, tel.: 202/622–2480, Office a.k.a. ‘‘Kazungu’’), Kinanira III, Kinindo, Abstract: Employers who hire
of Foreign Assets Control, or Chief Bujumbura 257, Burundi; DOB 17 May employees who live and work in one of
Counsel (Foreign Assets Control), tel.: 1960; alt. DOB 17 Jun 1960; alt. DOB 02 the eleven designated empowerment
Jan 1967; alt. DOB 06 Mar 1956; POB
mstockstill on DSK4VPTVN1PROD with NOTICES
202/622–2410, Office of the General zones can receive a tax credit for the
Counsel, Department of the Treasury Bukeye, Burundi; alt. POB Kanyosha
Commune, Mubimbi, Bujumbura-Rural
first $15,000 of wages paid to each
(not toll free numbers). Province, Burundi; nationality Burundi; employee.
SUPPLEMENTARY INFORMATION: Passport OP0053090 (Burundi); alt. Current Actions: There is no change
Passport OP0000185 (Burundi) issued 28 in the paperwork burden previously
Electronic and Facsimile Availability approved by OMB.
Jul 2011 expires 28 Jul 2016 (individual)
The SDN List and additional [BURUNDI]. Type of Review: Extension of a
information concerning OFAC sanctions 4. SINDUHIJE, (a.k.a. SINHUHIJE, Alexis); currently approved collection.
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Document Created: 2015-12-24 02:25:10
Document Modified: 2015-12-24 02:25:10
| 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. | |
| Contact | Surety Bond Section at (202) 874-6850. | |
| FR Citation | 80 FR 80461 |
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