81 FR 75922 - Exchange of Coin
DEPARTMENT OF THE TREASURY
United States Mint Federal Register Volume 81, Issue 211 (November 1, 2016)
United States Mint
Federal Register Volume 81, Issue 211 (November 1, 2016)
| Page Range | 75922-75923 | |
| FR Document | 2016-26270 |
[Federal Register Volume 81, Number 211 (Tuesday, November 1, 2016)] [Notices] [Pages 75922-75923] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-26270] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY United States Mint Exchange of Coin AGENCY: United States Mint, Department of the Treasury. ACTION: Notice with request for comment. ----------------------------------------------------------------------- SUMMARY: For many years, the United States Mint has administered a program by which people and businesses could exchange bent and partial coins (commonly referred to as ``mutilated coins'') for reimbursement. On November 2, 2015, the Mint suspended the exchange program to assess the security of the program and develop additional safeguards to enhance the integrity of the acceptance and processing of mutilated coinage. Since that time, the Mint has made significant progress in evaluating risks and identifying potential remedial measures. This notice and request for comment is to supplement the information that the Mint has collected to date. [[Page 75923]] DATES: Submit either electronic or written comments by November 15, 2016. ADDRESSES: Submit electronic comments to [email protected]. Submit all written comments to Mutilated Coin Redemption Program; Financial Directorate; United States Mint; 801 9th Street NW., Washington, DC 20220. FOR FURTHER INFORMATION CONTACT: Sheila Barnett, Legal Counsel, Office of the Chief Counsel, United States Mint, at (202) 354-7624 or [email protected]. SUPPLEMENTARY INFORMATION: I. Background For many years, the United States Mint has administered a program by which people and businesses could exchange bent and partial coins (commonly referred to as ``mutilated coins'') for reimbursement. Regulations governing the program appear at 31 CFR part 100, subpart C. Bent coins are defined as U.S. coins which are bent or deformed so as to preclude normal machine counting but which are readily and clearly identifiable as to genuineness and denomination. Partial coins are defined as U.S. coins which are not whole; partial coins must be readily and clearly identifiable as to genuineness and denomination. This notice is not seeking comments on changing the definitions of bent or partial coins. On November 2, 2015, the Mint suspended its exchange of bent and partial coins to assess the security of the program and develop additional safeguards to enhance the integrity of the acceptance and processing of mutilated coinage. On May 2, 2016, the Mint extended the suspension. The program will resume at such time as the new regulations are finalized and published. Some of the safeguards the Mint is considering include requiring participant certification, coinage material authentication, chain of custody information, and annual submission limitations. The Mint is now seeking input on the effects of such measures on stakeholders, as well as other factors that should be considered to enhance the integrity of the acceptance and processing of mutilated coinage. The redemption of uncurrent coins, as defined by 31 CFR 100.10(a), is not being considered by the Mint. Uncurrent coins may be redeemed only at Federal Reserve banks and branches in accordance with the criteria and procedures set forth in 31 CFR 100.10. Dated: October 25, 2016. Richard A. Peterson, Deputy Director for Manufacturing and Quality. [FR Doc. 2016-26270 Filed 10-31-16; 8:45 am] BILLING CODE P
![75922 Federal Register / Vol. 81, No. 211 / Tuesday, November 1, 2016 / Notices
TRAFFICKING ORGANIZATION and 6. GONZALEZ VALENCIA, Noemi directed by, or acting for or on behalf of
thus meets the criteria for designation (a.k.a. GONZALEV VALENCIA, Noemi), CARTEL DE JALISCO NUEVA
pursuant to § 805(b)(2) and/or (3) of the Mexico; DOB 05 Dec 1983; POB GENERACION, the LOS CUINIS DRUG
Kingpin Act, 21 U.S.C. 1904(b)(2) and/ Aguililla, Michoacan de Ocampo, TRAFFICKING ORGANIZATION,
or (3). Mexico; C.U.R.P. Nemseio OSEGUERA CERVANTES,
3. GONZALEZ VALENCIA, Edgar GOVN831205MMNNLM07 (Mexico) and/or Abigael GONZALEZ VALENCIA
Eden, Mexico; DOB 08 Oct 1984; POB (individual) [SDNTK] (Linked To: LOS and thus meets the criteria for
Aguililla, Michoacan de Ocampo, CUINIS). Materially assisting in, or designation pursuant to § 805(b)(2) and/
Mexico; C.U.R.P. providing financial support for or to, or or (3) of the Kingpin Act, 21 U.S.C.
GOVE841008HMNNLD01 (Mexico) providing services in support of, the 1904(b)(2) and/or (3).
(individual) [SDNTK] (Linked To: LOS international narcotics trafficking 9. VERA LOPEZ, Fabian Felipe (a.k.a.
CUINIS). Materially assisting in, or activities of, the LOS CUINIS DRUG LOPEZ, Favian Felipe; a.k.a. VARELLA
providing financial support for or to, or TRAFFICKING ORGANIZATION and/or LOPEZ, Ton; a.k.a. VERA LOPEZ,
providing services in support of, the is directed by, or acting for or on behalf Felipe), Mexico; DOB 28 Oct 1967; POB
international narcotics trafficking of the LOS CUINIS DRUG Guadalajara, Jalisco, Mexico; C.U.R.P.
activities of, the LOS CUINIS DRUG TRAFFICKING ORGANIZATION and VELF671028HJCRPL08 (Mexico)
TRAFFICKING ORGANIZATION and/or thus meets the criteria for designation (individual) [SDNTK] (Linked To: LOS
is directed by, or acting for or on behalf pursuant to § 805(b)(2) and/or (3) of the CUINIS). Materially assisting in, or
of the LOS CUINIS DRUG Kingpin Act, 21 U.S.C. 1904(b)(2) and/ providing financial support for or to, or
TRAFFICKING ORGANIZATION and or (3). providing services in support of, the
thus meets the criteria for designation 7. OSEGUERA CERVANTES, Antonio international narcotics trafficking
pursuant to § 805(b)(2) and/or (3) of the (a.k.a. MORA GARIBAY, Joel; a.k.a. activities of, the LOS CUINIS DRUG
Kingpin Act, 21 U.S.C. 1904(b)(2) and/ ‘‘Tony Montana’’), Priv Linda Vista TRAFFICKING ORGANIZATION and/or
or (3). 3986, Fracc El Soler, Tijuana, B.C. Abigael GONZALEZ VALENCIA and/or
4. GONZALEZ VALENCIA, Elvis 22110, Mexico; DOB 20 Aug 1958; POB is directed by, or acting for or on behalf
(a.k.a. TAPIA CASTRO, Alejandro), Aguililla, Michoacan de Ocampo, of, the LOS CUINIS DRUG
Mexico; DOB 12 Oct 1980; alt. DOB 18 Mexico; C.U.R.P. TRAFFICKING ORGANIZATION and/or
Mar 1979; POB Aguililla, Michoacan de OECA580820HMNSRN04 (Mexico); Abigael GONZALEZ VALENCIA and
Ocampo, Mexico; C.U.R.P. I.F.E. OSCRAN58082016H800 (Mexico) thus meets the criteria for designation
GOVE801012HMNNLL03 (Mexico); alt. (individual) [SDNTK] (Linked To: pursuant to § 805(b)(2) and/or (3) of the
C.U.R.P. TACA790318HJCPSL08 CARTEL DE JALISCO NUEVA Kingpin Act, 21 U.S.C. 1904(b)(2) and/
(Mexico); I.F.E. TPCSAL79031814H401 GENERACION). Materially assisting in, or (3).
(Mexico) (individual) [SDNTK] (Linked or providing financial support for or to,
To: CARTEL DE JALISCO NUEVA or providing services in support of, the Dated: October 27, 2016.
GENERACION; Linked To: LOS international narcotics trafficking John E. Smith,
CUINIS). Materially assisting in, or activities of CARTEL DE JALISCO Acting Director, Office of Foreign Assets
providing financial support for or to, or NUEVA GENERACION and/or Nemesio Control.
providing services in support of, the OSEGUERA CERVANTES, and/or [FR Doc. 2016–26344 Filed 10–31–16; 8:45 am]
international narcotics trafficking directed by, or acting for or on behalf of, BILLING CODE 4810–AL–P
activities of, CARTEL DE JALISCO CARTEL DE JALISCO NUEVA
NUEVA GENERACION and/or the LOS GENERACION and/or Nemesio
CUINIS DRUG TRAFFICKING OSEGUERA CERVANTES and therefore DEPARTMENT OF THE TREASURY
ORGANIZATION and/or is directed by, meets the criteria for designation
or acting for or on behalf of CARTEL DE pursuant to sections 805(b)(2) and/or (3) United States Mint
JALISCO NUEVA GENERACION and/or of the Kingpin Act, 21 U.S.C. 1904(b)(2) Exchange of Coin
the LOS CUINIS DRUG TRAFFICKING and/or (3).
ORGANIZATION and thus meets the 8. QUINTANA NAVARRO, Maria AGENCY: United States Mint, Department
criteria for designation pursuant to Teresa, C. Jose Vasconcelos 556, Col. of the Treasury.
§ 805(b)(2) and/or (3) of the Kingpin Colinas De La Normal, Guadalajara, ACTION: Notice with request for
Act, 21 U.S.C. 1904(b)(2) and/or (3). Jalisco, Mexico; Efrain Gonzalez Luna comment.
5. GONZALEZ VALENCIA, Marisa 2481, Guadalajara, Jalisco 44140,
Ivette, Mexico; DOB 27 Jul 1988; POB Mexico; Efrain Gonzalez Luna 302, SUMMARY: For many years, the United
Apatzingan, Michoacan de Ocampo, Guadalajara, Jalisco CP 44200, Mexico; States Mint has administered a program
Mexico; C.U.R.P. DOB 05 Mar 1971; POB Guadalajara, by which people and businesses could
GOVM880727MMNNLR08 (Mexico) Jalisco, Mexico; C.U.R.P. exchange bent and partial coins
(individual) [SDNTK] (Linked To: LOS QUNT710305MJCNVR02 (Mexico) (commonly referred to as ‘‘mutilated
CUINIS). Materially assisting in, or (individual) [SDNTK] (Linked To: coins’’) for reimbursement. On
providing financial support for or to, or CARTEL DE JALISCO NUEVA November 2, 2015, the Mint suspended
providing services in support of, the GENERACION; Linked To: LOS the exchange program to assess the
international narcotics trafficking CUINIS). Materially assisting in, or security of the program and develop
activities of, the LOS CUINIS DRUG providing financial support for or to, or additional safeguards to enhance the
asabaliauskas on DSK3SPTVN1PROD with NOTICES
TRAFFICKING ORGANIZATION and/or providing services in support of, the integrity of the acceptance and
is directed by, or acting for or on behalf international narcotics trafficking processing of mutilated coinage. Since
of the LOS CUINIS DRUG activities of, CARTEL DE JALISCO that time, the Mint has made significant
TRAFFICKING ORGANIZATION and NUEVA GENERACION, the LOS progress in evaluating risks and
thus meets the criteria for designation CUINIS DRUG TRAFFICKING identifying potential remedial measures.
pursuant to § 805(b)(2) and/or (3) of the ORGANIZATION, Nemesio OSEGUERA This notice and request for comment is
Kingpin Act, 21 U.S.C. 1904(b)(2) and/ CERVANTES, and/or Abigael to supplement the information that the
or (3). GONZALEZ VALENCIA and/or is Mint has collected to date.
VerDate Sep<11>2014 00:01 Nov 01, 2016 Jkt 241001 PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 E:\FR\FM\01NON1.SGM 01NON1](https://thefederalregister.org/doc/81_FR_76133/page/1.svg)
![Federal Register / Vol. 81, No. 211 / Tuesday, November 1, 2016 / Notices 75923
DATES: Submit either electronic or governing the program appear at 31 CFR Mint is considering include requiring
written comments by November 15, part 100, subpart C. Bent coins are participant certification, coinage
2016. defined as U.S. coins which are bent or material authentication, chain of
ADDRESSES: Submit electronic deformed so as to preclude normal custody information, and annual
comments to MutilatedCoin@ machine counting but which are readily submission limitations. The Mint is now
usmint.treas.gov. Submit all written and clearly identifiable as to seeking input on the effects of such
comments to Mutilated Coin genuineness and denomination. Partial measures on stakeholders, as well as
Redemption Program; Financial coins are defined as U.S. coins which other factors that should be considered
Directorate; United States Mint; 801 9th are not whole; partial coins must be to enhance the integrity of the
readily and clearly identifiable as to acceptance and processing of mutilated
Street NW., Washington, DC 20220.
genuineness and denomination. This coinage.
FOR FURTHER INFORMATION CONTACT: notice is not seeking comments on
Sheila Barnett, Legal Counsel, Office of The redemption of uncurrent coins, as
changing the definitions of bent or defined by 31 CFR 100.10(a), is not
the Chief Counsel, United States Mint, partial coins.
at (202) 354–7624 or sbarnett@ being considered by the Mint.
On November 2, 2015, the Mint Uncurrent coins may be redeemed only
usmint.treas.gov. suspended its exchange of bent and at Federal Reserve banks and branches
SUPPLEMENTARY INFORMATION: partial coins to assess the security of the in accordance with the criteria and
program and develop additional procedures set forth in 31 CFR 100.10.
I. Background safeguards to enhance the integrity of
For many years, the United States the acceptance and processing of Dated: October 25, 2016.
Mint has administered a program by mutilated coinage. On May 2, 2016, the Richard A. Peterson,
which people and businesses could Mint extended the suspension. The Deputy Director for Manufacturing and
exchange bent and partial coins program will resume at such time as the Quality.
(commonly referred to as ‘‘mutilated new regulations are finalized and [FR Doc. 2016–26270 Filed 10–31–16; 8:45 am]
coins’’) for reimbursement. Regulations published. Some of the safeguards the BILLING CODE P
asabaliauskas on DSK3SPTVN1PROD with NOTICES
VerDate Sep<11>2014 00:01 Nov 01, 2016 Jkt 241001 PO 00000 Frm 00119 Fmt 4703 Sfmt 9990 E:\FR\FM\01NON1.SGM 01NON1](https://thefederalregister.org/doc/81_FR_76133/page/2.svg)
Document Created: 2016-11-01 02:36:05
Document Modified: 2016-11-01 02:36:05
| 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 with request for comment. | |
| Dates | Submit either electronic or written comments by November 15, 2016. | |
| Contact | Sheila Barnett, Legal Counsel, Office of the Chief Counsel, United States Mint, at (202) 354-7624 or [email protected] | |
| FR Citation | 81 FR 75922 |
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