81 FR 37239 - Proposed Collection; Comment Request for Hizballah Financial Sanctions Regulations-Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control

Federal Register Volume 81, Issue 111 (June 9, 2016)

Page Range		37239-37240
FR Document		2016-13668

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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)) (PRA). Currently, the Office of Foreign Assets Control (OFAC) within the Department of the Treasury is soliciting comments concerning OFAC's Hizballah Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts.

Federal Register, Volume 81 Issue 111 (Thursday, June 9, 2016)

[Federal Register Volume 81, Number 111 (Thursday, June 9, 2016)]
[Notices]
[Pages 37239-37240]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13668]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Proposed Collection; Comment Request for Hizballah Financial 
Sanctions Regulations--Report on Closure by U.S. Financial Institutions 
of Correspondent Accounts and Payable-Through Accounts

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice and request for comments.

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

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 proposed and/or 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)) 
(PRA). Currently, the Office of Foreign Assets Control (OFAC) within 
the Department of the Treasury is soliciting comments concerning OFAC's 
Hizballah Financial Sanctions Regulations Report on Closure by U.S. 
Financial Institutions of Correspondent Accounts and Payable-Through 
Accounts.

DATES: Written comments must be submitted on or before August 8, 2016 
to be assured of consideration.

ADDRESSES: You may submit comments by any of the following methods:
    Federal eRulemaking Portal: www.regulations.gov. Follow the 
instructions on the Web site for submitting comments.
    Fax: Attn: Request for Comments (Hizballah Financial Sanctions 
Regulations--Report on Closure by U.S. Financial Institutions of 
Correspondent Accounts and Payable-Through Accounts) 202-622-1657.
    Mail: Attn: Request for Comments (Hizballah Financial Sanctions 
Regulations--Report on Closure by U.S. Financial Institutions of 
Correspondent Accounts and Payable-Through Accounts), Office of Foreign 
Assets Control, Department of the Treasury, 1500 Pennsylvania Avenue 
NW., Freedman's Bank Building, Washington, DC 20220.
    Instructions: All submissions received must include the agency name 
and the Federal Register Doc. number that appears at the end of this 
document. Comments received will be made available to the public via 
regulations.gov or upon request, without change and including any 
personal information provided.

FOR FURTHER INFORMATION CONTACT: The Department of the Treasury's 
Office of Foreign Assets Control: Assistant Director for Licensing, 
tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.: 
202-622-4855, Assistant Director for Sanctions Compliance & Evaluation, 
tel.: 202-622-2490; or the Department of the Treasury's Office of the 
Chief Counsel (Foreign Assets Control), Office of the General Counsel, 
tel.: 202-622-2410.

SUPPLEMENTARY INFORMATION: 
    Title: Hizballah Financial Sanctions Regulations--Report on Closure 
by U.S. Financial Institutions of Correspondent Accounts and Payable-
Through Accounts.
    OMB Number: 1505-0255.
    Abstract: Pursuant to the Hizballah Financial Sanctions 
Regulations, 31 CFR part 566 (the Regulations), the Secretary of the 
Treasury may, among other things, prohibit a U.S. financial institution 
from opening or maintaining a correspondent account or a payable-
through account in the United States for a foreign financial 
institution that the Secretary has determined has engaged in certain 
activities involving Hizballah and whose name is added to the Hizballah 
Financial Sanctions Regulations List (HFSR List) on OFAC's Web site 
(www.treasury.gov/ofac). Section 566.504 of the Regulations authorizes 
certain transactions related to the winding down and closing of such a 
correspondent account or payable-through account. Section 566.506(b) 
includes a reporting requirement pursuant to which a U.S. financial 
institution that maintained such an account must file a report with 
OFAC that provides full details on the closing of each such account 
within 30 days of the closure of the account. This collection of 
information assists in verifying that U.S. financial institutions are 
complying with prohibitions on maintaining correspondent accounts or 
payable-through accounts for foreign financial institutions listed on 
the HFSR List. The reports will be reviewed by the U.S. Department of 
the Treasury and may be used for compliance and enforcement purposes by 
the agency.

[[Page 37240]]

    Current Actions: There are no changes being made to the collection 
at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: U.S. financial institutions operating 
correspondent or payable-through accounts for foreign financial 
institutions.
    Estimated Number of Respondents: Because this collection of 
information is a report that must be filed by U.S. financial 
institutions closing correspondent or payable-through accounts for a 
foreign financial institution pursuant to section 566.504 after OFAC 
adds the name of the foreign financial institution to the HFSR List, 
OFAC cannot predict the number of respondents for the section 
566.504(b) reporting requirement at this time. From the date this 
reporting requirement was implemented pursuant to the Regulations 
(April 15, 2016) through June 9, 2016, OFAC did not add the name of any 
foreign financial institution to the HFSR List, and the number of 
respondents to this collection was therefore zero. For future PRA 
submissions, OFAC will continue to report retrospectively on the number 
of respondents during the previous reporting period.
    Estimated Time per Respondent: 2 hours per response.
    Estimated Total Annual Burden Hours: Because the section 566.504(b) 
reporting requirement applies to those U.S. financial institutions that 
operate correspondent or payable-through accounts for a foreign 
financial institution whose name is added to the HFSR List, OFAC cannot 
predict the response rate for the section 566.504(b) reporting 
requirement at this time. For future PRA submissions, OFAC will report 
retrospectively on the response rate during the previous reporting 
period.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained for five 
years.

Request for Comments

    Comments submitted in response to this notice will be summarized 
and/or 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 agency, including whether the information has 
practical utility; (b) the accuracy of the agency's estimate of the 
burden of the collection of information, including the validity of the 
methodology and assumptions used; (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 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.

Andrea Gacki,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2016-13668 Filed 6-8-16; 8:45 am]
 BILLING CODE 4810-AL-P

Federal Register / Vol. 81, No. 111 / Thursday, June 9, 2016 / Notices 37239

vehicles, and development efforts to realism, strikeablity/durability, or ease Freedman’s Bank Building, Washington,
date. of reassembly? DC 20220.
09:30–09:45 Descriptions of the event Issued in Washington, DC, under authority Instructions: All submissions received
test layout and choreography delegated by 49 CFR 1.95. must include the agency name and the
09:45–12:00 Morning testing Nathaniel Beuse, Federal Register Doc. number that
12:00–13:00 Lunch break appears at the end of this document.
Associate Administrator for Vehicle Safety
13:00–16:00 Afternoon testing Research. Comments received will be made
16:00–17:00 Discuss the day’s testing. available to the public via
[FR Doc. 2016–13665 Filed 6–8–16; 8:45 am]
Agree on what changes are to be regulations.gov or upon request, without
BILLING CODE 4910–59–P
made ahead of the next day’s change and including any personal
evaluations. information provided.
17:00 Adjourn
DEPARTMENT OF THE TREASURY FOR FURTHER INFORMATION CONTACT: The
Thursday, July 14, 2016 Department of the Treasury’s Office of
08:00–08:30 Arrival/Check-In Office of Foreign Assets Control Foreign Assets Control: Assistant
08:30–12:00 Morning testing Director for Licensing, tel.: 202–622–
12:00–13:00 Lunch break Proposed Collection; Comment 2480, Assistant Director for Regulatory
13:00–15:30 Afternoon testing Request for Hizballah Financial Affairs, tel.: 202–622–4855, Assistant
15:30–17:00 Discuss preliminary Sanctions Regulations—Report on Director for Sanctions Compliance &
results from the event’s testing and Closure by U.S. Financial Institutions Evaluation, tel.: 202–622–2490; or the
how the results will be collected, of Correspondent Accounts and Department of the Treasury’s Office of
consolidated, and disseminated. Payable-Through Accounts the Chief Counsel (Foreign Assets
17:00 Adjourn AGENCY: Office of Foreign Assets Control), Office of the General Counsel,
Control, Treasury. tel.: 202–622–2410.
Public Meeting Topics
ACTION: Notice and request for SUPPLEMENTARY INFORMATION:
Discussions pertaining to the 3D
comments. Title: Hizballah Financial Sanctions
surrogate vehicle will be focused on
Regulations—Report on Closure by U.S.
what features, if any, will need to be SUMMARY: The Department of the Financial Institutions of Correspondent
adjusted to allow it to appear realistic to Treasury, as part of its continuing effort Accounts and Payable-Through
automotive sensing systems. NHTSA to reduce paperwork and respondent Accounts.
does not intend to discuss how it may burden, invites the general public and
use 3D surrogate vehicles beyond OMB Number: 1505–0255.
other federal agencies to comment on
inclusion is its research programs. Abstract: Pursuant to the Hizballah
proposed and/or continuing information
Surrogate vehicle feedback forms will Financial Sanctions Regulations, 31 CFR
collections, as required by the
be available on-site, and will request part 566 (the Regulations), the Secretary
Paperwork Reduction Act of 1995,
information about, but not be limited to, of the Treasury may, among other
Public Law 104–13 (44 U.S.C.
the following topics: things, prohibit a U.S. financial
3506(c)(2)(A)) (PRA). Currently, the
1. Are the radar return characteristics institution from opening or maintaining
Office of Foreign Assets Control (OFAC)
of the surrogate, including radar cross a correspondent account or a payable-
within the Department of the Treasury
section (RCS), adequately realistic from through account in the United States for
is soliciting comments concerning
each approach angle, depth, and height a foreign financial institution that the
OFAC’s Hizballah Financial Sanctions
relative to the ground? Secretary has determined has engaged
Regulations Report on Closure by U.S.
2. Are the visual characteristics, in certain activities involving Hizballah
Financial Institutions of Correspondent
including the overall shape, reflectivity, and whose name is added to the
Accounts and Payable-Through
contrasting features, of the surrogate Hizballah Financial Sanctions
Accounts.
adequately realistic? Regulations List (HFSR List) on OFAC’s
3. Is the surrogate able to adequately DATES: Written comments must be Web site (www.treasury.gov/ofac).
support lidar-based safety systems? submitted on or before August 8, 2016 Section 566.504 of the Regulations
4. Is the presence of the robotic to be assured of consideration. authorizes certain transactions related to
platform beneath the surrogate apparent ADDRESSES: You may submit comments the winding down and closing of such
to the automotive sensing system (radar, by any of the following methods: a correspondent account or payable-
visual, etc.)? If so, what effect will the Federal eRulemaking Portal: through account. Section 566.506(b)
platform’s presence expected to have on www.regulations.gov. Follow the includes a reporting requirement
safety system performance? instructions on the Web site for pursuant to which a U.S. financial
5. How consistent is the classification submitting comments. institution that maintained such an
of the surrogate (e.g., distance to the Fax: Attn: Request for Comments account must file a report with OFAC
surrogate at which the safety system (Hizballah Financial Sanctions that provides full details on the closing
classifies the surrogate as being an Regulations—Report on Closure by U.S. of each such account within 30 days of
actual vehicle, and does the Financial Institutions of Correspondent the closure of the account. This
classification remain stable during the Accounts and Payable-Through collection of information assists in
test vehicle’s approach to the surrogate). Accounts) 202–622–1657. verifying that U.S. financial institutions
How does this consistency compare to Mail: Attn: Request for Comments are complying with prohibitions on
sradovich on DSK3TPTVN1PROD with NOTICES

that expected by the overall light (Hizballah Financial Sanctions maintaining correspondent accounts or
vehicle population? What effect does Regulations—Report on Closure by U.S. payable-through accounts for foreign
the panel misalignment have on Financial Institutions of Correspondent financial institutions listed on the HFSR
surrogate classification? Accounts and Payable-Through List. The reports will be reviewed by the
6. From an industry perspective, what Accounts), Office of Foreign Assets U.S. Department of the Treasury and
is the preferred rank order of the Control, Department of the Treasury, may be used for compliance and
following: absolute surrogate vehicle 1500 Pennsylvania Avenue NW., enforcement purposes by the agency.

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37240 Federal Register / Vol. 81, No. 111 / Thursday, June 9, 2016 / Notices

Current Actions: There are no changes performance of the functions of the DC 20002–8002, Attention: Public
being made to the collection at this agency, including whether the Affairs.
time. information has practical utility; (b) the FOR FURTHER INFORMATION CONTACT:
Type of Review: Extension of a accuracy of the agency’s estimate of the Christine Leonard, Director, Office of
currently approved collection. burden of the collection of information, Legislative and Public Affairs, (202)
Affected Public: U.S. financial including the validity of the 502–4500, pubaffairs@ussc.gov. More
institutions operating correspondent or methodology and assumptions used; (c) information about the Practitioners
payable-through accounts for foreign ways to enhance the quality, utility, and Advisory Group is available on the
financial institutions. clarity of the information to be Commission’s Web site at
Estimated Number of Respondents: collected; (d) ways to minimize the www.ussc.gov/advisory-groups.
Because this collection of information is burden of the collection of information
a report that must be filed by U.S. SUPPLEMENTARY INFORMATION: The
on respondents, including through the Practitioners Advisory Group of the
financial institutions closing use of automated collection techniques
correspondent or payable-through United States Sentencing Commission is
or other forms of information a standing advisory group of the United
accounts for a foreign financial technology; and (e) estimates of capital
institution pursuant to section 566.504 States Sentencing Commission pursuant
or start-up costs and costs of operation, to 28 U.S.C. 995 and Rule 5.4 of the
after OFAC adds the name of the foreign maintenance, and purchase of services
financial institution to the HFSR List, Commission’s Rules of Practice and
to provide information. Procedure. Under the charter for the
OFAC cannot predict the number of
respondents for the section 566.504(b) Andrea Gacki, advisory group, the purpose of the
reporting requirement at this time. From Acting Director, Office of Foreign Assets advisory group is (1) to assist the
the date this reporting requirement was Control. Commission in carrying out its statutory
implemented pursuant to the [FR Doc. 2016–13668 Filed 6–8–16; 8:45 am] responsibilities under 28 U.S.C. 994(o);
Regulations (April 15, 2016) through BILLING CODE 4810–AL–P
(2) to provide to the Commission its
June 9, 2016, OFAC did not add the views on the Commission’s activities
name of any foreign financial institution and work, including proposed priorities
to the HFSR List, and the number of UNITED STATES SENTENCING and amendments; (3) to disseminate to
respondents to this collection was COMMISSION defense attorneys, and to other
therefore zero. For future PRA professionals in the defense community,
submissions, OFAC will continue to Requests for Applications; information regarding federal
report retrospectively on the number of Practitioners Advisory Group sentencing issues; and (4) to perform
respondents during the previous other related functions as the
AGENCY: United States Sentencing Commission requests. The advisory
reporting period. Commission.
Estimated Time per Respondent: 2 group consists of not more than 17
ACTION: Notice. voting members, each of whom may
hours per response.
Estimated Total Annual Burden serve not more than two consecutive
SUMMARY: In view of upcoming three-year terms. Of those 17 voting
Hours: Because the section 566.504(b) vacancies in the voting membership of
reporting requirement applies to those members, one shall be Chair, one shall
the Practitioners Advisory Group, the be Vice Chair, 12 shall be circuit
U.S. financial institutions that operate United States Sentencing Commission
correspondent or payable-through members (one for each federal judicial
hereby invites any individual who is circuit other than the Federal Circuit),
accounts for a foreign financial eligible to be appointed to succeed such
institution whose name is added to the and three shall be at-large members.
a voting member to apply. The voting To be eligible to serve as a voting
HFSR List, OFAC cannot predict the memberships covered by this notice are
response rate for the section 566.504(b) member, an individual must be an
two circuit memberships (for the attorney who (1) devotes a substantial
reporting requirement at this time. For Second Circuit and the Ninth Circuit)
future PRA submissions, OFAC will portion of his or her professional work
and two at-large memberships. to advocating the interests of privately-
report retrospectively on the response Application materials should be
rate during the previous reporting represented individuals, or of
received by the Commission not later individuals represented by private
period. than August 8, 2016. An applicant for
The following paragraph applies to all practitioners through appointment
voting membership of the Practitioners under the Criminal Justice Act of 1964,
of the collections of information covered Advisory Group should apply by
by this notice: within the federal criminal justice
sending a letter of interest and resume system; (2) has significant experience
An agency may not conduct or
to the Commission as indicated in the with federal sentencing or post-
sponsor, and a person is not required to
addresses section below. conviction issues related to criminal
respond to, a collection of information
unless the collection of information DATES: Application materials for voting sentences; and (3) is in good standing of
displays a valid OMB control number. membership of the Practitioners the highest court of the jurisdiction or
Books or records relating to a collection Advisory Group should be received not jurisdictions in which he or she is
of information must be retained for five later than August 8, 2016. admitted to practice. Additionally, to be
years. ADDRESSES: An applicant for voting eligible to serve as a circuit member, the
membership of the Practitioners individual’s primary place of business
Request for Comments Advisory Group should apply by or a substantial portion of his or her
sradovich on DSK3TPTVN1PROD with NOTICES

Comments submitted in response to sending a letter of interest and resume practice must be in the circuit
this notice will be summarized and/or to the Commission by electronic mail or concerned. Each voting member is
included in the request for OMB regular mail. The email address is appointed by the Commission.
approval. All comments will become a pubaffairs@ussc.gov. The regular mail The Commission invites any
matter of public record. Comments are address is United States Sentencing individual who is eligible to be
invited on: (a) Whether the collection of Commission, One Columbus Circle NE., appointed to a voting membership
information is necessary for the proper Suite 2–500, South Lobby, Washington, covered by this notice (i.e., the circuit

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Document Created: 2018-02-08 07:34:02
Document Modified: 2018-02-08 07:34:02

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 comments.
Dates		Written comments must be submitted on or before August 8, 2016 to be assured of consideration.
Contact		The Department of the Treasury's Office of Foreign Assets Control: Assistant Director for Licensing, tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.: 202-622-4855, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202-622-2490; or the Department of the Treasury's Office of the Chief Counsel (Foreign Assets Control), Office of the General Counsel, tel.: 202-622-2410.
FR Citation		81 FR 37239

81 FR 37239 - Proposed Collection; Comment Request for Hizballah Financial Sanctions Regulations-Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts

DEPARTMENT OF THE TREASURYOffice of Foreign Assets Control

Federal Register Volume 81, Issue 111 (June 9, 2016)

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control