25232 Federal Register / Vol. 77, No. 82 / Friday, April 27, 2012 / Notices 

1557–0204, by mail to U.S. Office of 

Management and Budget, 725, 17th 

Street NW., #10235, Washington, DC 

20503, or by fax to (202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: You 

can request additional information or a 

copy of the collection from Mary H. 

Gottlieb, OCC Clearance Officer, (202) 

874–5090, Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, 250 E 

Street SW., Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: The OCC 

is proposing to extend OMB approval, 

without change, of the following 

information collection: 

Title: Bank Activities and 

Operations—12 CFR 7. 

OMB Control No.: 1557–0204. 

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. 

The information collection 

requirements ensure that national banks 

conduct their operations in a safe and 

sound manner and in accordance with 

applicable Federal banking statutes and 

regulations. The information is 

necessary for regulatory and 

examination purposes. 

The information collection 

requirements in part 7 are as follows: 

• 12 CFR 7.1000(d)(1) (National bank 

ownership of property—Lease financing 

of public facilities): National bank lease 

agreements must provide that the lessee 

will become the owner of the building 

or facility upon the expiration of the 

lease. 

• 12 CFR 7.1014 (Sale of money 

orders at nonbanking outlets): A 

national bank may designate bonded 

agents to sell the bank’s money orders 

at nonbanking outlets. The 

responsibility of both the bank and its 

agent should be defined in a written 

agreement setting forth the duties of 

both parties and providing for 

remuneration of the agent. 

• 12 CFR 7.2000(b) (Corporate 

governance procedures—Other sources 

of guidance): A national bank shall 

designate in its bylaws the body of law 

selected for its corporate governance 

procedures. 

• 12 CFR 7.2004 (Honorary directors 

or advisory boards): Any listing of a 

national bank’s honorary or advisory 

directors must distinguish between 

them and the bank’s board of directors 

or indicate their advisory status. 

• 12 CFR 7.2014(b) (Indemnification 

of institution-affiliated parties— 

Administrative proceeding or civil 

actions not initiated by a Federal 

agency): A national bank shall designate 

in its bylaws the body of law selected 

for making indemnification payments. 

• 12 CFR 7.2024(a) Staggered terms 

for national bank directors—Any 

national bank may adopt bylaws that 

provide for the staggering the terms of 

its directors. National banks shall 

provide the OCC with copies of any 

bylaws so amended. 

• 12 CFR 7.2024(c) Size of bank 

board—A national bank seeking to 

increase the number of its directors 

must notify the OCC any time the 

proposed size would exceed 25 

directors. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

1,300. 

Estimated Total Annual Responses: 

1,300. 

Estimated Total Annual Burden: 418 

hours. 

Frequency of Response: On occasion. 

The OCC issued a 60-day Federal 

Register Notice on February 6, 2012 (77 

FR 5876). 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. 

Dated: April 19, 2012. 

Michele Meyer, 

Assistant Director, Legislative and Regulatory 

Activities Division. 

[FR Doc. 2012–10139 Filed 4–26–12; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Comptroller of the Currency 

Agency Information Collection 

Activities: Proposed Information 

Collection; Submission for OMB 

Review 

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. An agency may 

not conduct or sponsor, and a 

respondent is not required to respond 

to, an information collection unless it 

displays a currently valid OMB control 

number. The OCC is soliciting comment 

concerning its information collection 

titled, ‘‘Investment Securities.’’ The 

OCC is also giving notice that the 

collection has been submitted to OMB 

for review. 

DATES: You should submit written 

comments by May 29, 2012. 

ADDRESSES: Communications Division, 

Office of the Comptroller of the 

Currency, Mailstop 2–3, Attention: 

1557–0205, 250 E Street SW., 

Washington, DC 20219. In addition, 

comments may be sent by fax to (202) 

874–5274, or by electronic mail to 

regs.comments@occ.treas.gov. You may 

personally inspect and photocopy 

comments at the OCC, 250 E Street, 

SW., Washington, DC. For security 

reasons, the OCC requires that visitors 

make an appointment to inspect 

comments. You may do so by calling 

(202) 874–4700. 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. 

Additionally, you should send a copy 

of your comments to OCC Desk Officer, 

1557–0205, by mail to U.S. Office of 

Management and Budget, 725, 17th 

Street NW., #10235, Washington, DC 

20503, or by fax to (202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: You 

can request additional information or a 

copy of the collection from Mary H. 

Gottlieb, OCC Clearance Officer, (202) 

874–6055 or (202) 874–5090, Legislative 

and Regulatory Activities Division, 

Office of the Comptroller of the 

Currency, 250 E Street SW., 

Washington, DC 20219. 

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Federal Register / Vol. 77, No. 82 / Friday, April 27, 2012 / Notices 25233 

1 15 U.S.C. 80a–3(c)(1). 

SUPPLEMENTARY INFORMATION: The OCC 

is proposing to extend OMB approval, 

without change, of the following 

information collection: 

Title: Investment Securities. 

OMB Control No.: 1557–0205. 

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. 

The information collection 

requirements in 12 CFR part 1 are as 

follows: 

Under 12 CFR 1.3(h)(2), a national 

bank may request an OCC determination 

that it may invest in an entity that is 

exempt from registration under section 

3(c)(1) of the Investment Company Act 

of 1940 1 if the portfolio of the entity 

consists exclusively of assets that a 

national bank may purchase and sell for 

its own account. The OCC uses the 

information contained in the request as 

a basis for determining that the bank’s 

investment is consistent with its 

investment authority under applicable 

law and does not pose unacceptable 

risk. 

Under 12 CFR 1.7(b), a national bank 

may request OCC approval to extend the 

five-year holding period of securities 

held in satisfaction of debts previously 

contracted (DPC) for up to an additional 

five years. The bank must provide a 

clearly convincing demonstration of 

why any additional holding period is 

needed. The OCC uses the information 

in the request to ensure, on a case-bycase basis, that the bank’s purpose in 

retaining the securities is not 

speculative and that the bank’s reasons 

for requesting the extension are 

adequate, and to evaluate the risks to 

the bank of extending the holding 

period, including potential effects on 

bank safety and soundness. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

25. 

Estimated Total Annual Responses: 

25. 

Estimated Total Annual Burden: 460 

hours. 

Frequency of Response: On occasion. 

The OCC issued a 60-Day Federal 

Register Notice on February 6, 2012 (77 

FR 5877). 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. 

Dated: April 19, 2012. 

Michele Meyer, 

Assistant Director, Legislative and Regulatory 

Activities Division. 

[FR Doc. 2012–10142 Filed 4–26–12; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Supplemental Identification 

Information for One Entity Designated 

Pursuant to Executive Order 13224 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The Treasury Department’s 

Office of Foreign Assets Control 

(‘‘OFAC’’) is publishing supplemental 

information for one entity whose 

property and interests in property are 

blocked pursuant to Executive Order 

13224 of September 23, 2001, ‘‘Blocking 

Property and Prohibiting Transactions 

With Persons Who Commit, Threaten To 

Commit, or Support Terrorism.’’ 

DATES: The publishing of updated 

identification information by the 

Director of OFAC of the one entity in 

this notice, pursuant to Executive Order 

13224, is effective on April 19, 2012. 

FOR FURTHER INFORMATION CONTACT: 

Assistant Director, Compliance 

Outreach & Implementation, Office of 

Foreign Assets Control, Department of 

the Treasury, Washington, DC 20220, 

tel.: 202/622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability 

This document and additional 

information concerning OFAC are 

available from OFAC’s Web site 

(www.treas.gov/ofac) or via facsimile 

through a 24-hour fax-on-demand 

service, tel.: 202/622–0077. 

Background 

On September 23, 2001, the President 

issued Executive Order 13224 (the 

‘‘Order’’) pursuant to the International 

Emergency Economic Powers Act, 50 

U.S.C. 1701–1706, and the United 

Nations Participation Act of 1945, 22 

U.S.C. 287c. In the Order, the President 

declared a national emergency to 

address grave acts of terrorism and 

threats of terrorism committed by 

foreign terrorists, including the 

September 11, 2001 terrorist attacks in 

New York, Pennsylvania, and at the 

Pentagon. The Order imposes economic 

sanctions on persons who have 

committed, pose a significant risk of 

committing, or support acts of terrorism. 

The President identified in the Annex to 

the Order, as amended by Executive 

Order 13268 of July 2, 2002, 13 

individuals and 16 entities as subject to 

the economic sanctions. The Order was 

further amended by Executive Order 

13284 of January 23, 2003, to reflect the 

creation of the Department of Homeland 

Security. 

Section 1 of the Order blocks, with 

certain exceptions, all property and 

interests in property that are in or 

hereafter come within the United States 

or the possession or control of United 

States persons, of: (1) Foreign persons 

listed in the Annex to the Order; (2) 

foreign persons determined by the 

Secretary of State, in consultation with 

the Secretary of the Treasury, the 

Secretary of the Department of 

Homeland Security and the Attorney 

General, to have committed, or to pose 

a significant risk of committing, acts of 

terrorism that threaten the security of 

U.S. nationals or the national security, 

foreign policy, or economy of the United 

States; (3) persons determined by the 

Director of OFAC, in consultation with 

the Departments of State, Homeland 

Security and Justice, to be owned or 

controlled by, or to act for or on behalf 

of those persons listed in the Annex to 

the Order or those persons determined 

to be subject to subsection 1(b), 1(c), or 

1(d)(i) of the Order; and (4) except as 

provided in section 5 of the Order and 

after such consultation, if any, with 

foreign authorities as the Secretary of 

State, in consultation with the Secretary 

of the Treasury, the Secretary of the 

Department of Homeland Security and 

the Attorney General, deems 

appropriate in the exercise of his 

discretion, persons determined by the 

Director of OFAC, in consultation with 

the Departments of State, Homeland 

Security and Justice, to assist in, 

sponsor, or provide financial, material, 

or technological support for, or financial 

or other services to or in support of, 

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