Federal Register / Vol. 86, No. 17 / Thursday, January 28, 2021 / Notices 7457 

2Public Law 111–203, 124 Stat. 1376, July 2010. 

3 12 U.S.C. 5365(i)(2)(A). 

4 12 U.S.C. 5301(12). 

5 12 U.S.C. 5365(i)(2)(C). 

6 12 U.S.C. 5365(i)(2)(B). 

7 77 FR 61238 (October 9, 2012) (codified at 12 

CFR part 46). 

8http://www.federalreserve.gov/reportforms. 

9 85 FR 56607 (Sept. 14, 2020); 85 FR 63222 (Oct. 

7, 2020). 

10 84 FR 59232 (Nov. 1, 2019). 

11 85 FR 15576 (March 18, 2020). 

20219. In addition, copies of the 

templates referenced in this notice can 

be found on the OCC’s website under 

News and Issuances (http://

www.occ.treas.gov/tools-forms/forms/ 

bank-operations/stress-testreporting.html). 

SUPPLEMENTARY INFORMATION: The OCC 

is requesting comment on the following 

revision to an approved information 

collection: 

Title: Company-Run Annual Stress 

Test Reporting Template and 

Documentation for Covered Institutions 

with Total Consolidated Assets of $250 

Billion or More under the Dodd-Frank 

Wall Street Reform and Consumer 

Protection Act. 

OMB Control No.: 1557–0319. 

Description: Section 165(i)(2) of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act 2 (Dodd-Frank 

Act) requires certain financial 

companies, including national banks 

and federal savings associations, to 

conduct annual stress tests 3 and 

requires the primary financial regulatory 

agency 4 of those financial companies to 

issue regulations implementing the 

stress test requirements.5 Under section 

165(i)(2), a covered institution is 

required to submit to the Board of 

Governors of the Federal Reserve 

System (Board) and to its primary 

financial regulatory agency a report at 

such time, in such form, and containing 

such information as the primary 

financial regulatory agency may 

require.6

On October 9, 2012, the OCC 

published in the Federal Register a final 

rule implementing the section 165(i)(2) 

annual stress test requirement.7 This 

rule describes the reports and 

information collections required to meet 

the reporting requirements under 

section 165(i)(2). These information 

collections will be given confidential 

treatment (5 U.S.C. 552(b)(4)) to the 

extent permitted by law. 

In 2012, the OCC first implemented 

the reporting templates referenced in 

the final rule. See 77 FR 49485 (August 

16, 2012) and 77 FR 66663 (November 

6, 2012). The OCC uses the data 

collected to assess the reasonableness of 

the stress test results of covered 

institutions and to provide forwardlooking information to the OCC 

regarding a covered institution’s capital 

adequacy. The OCC also may use the 

results of the stress tests to determine 

whether additional analytical 

techniques and exercises could be 

appropriate to identify, measure, and 

monitor risks at the covered institution. 

The stress test results are expected to 

support ongoing improvement in a 

covered institution’s stress testing 

practices with respect to its internal 

assessments of capital adequacy and 

overall capital planning. 

The OCC recognizes that many 

covered institutions with total 

consolidated assets of $250 billion or 

more are required to submit reports 

using Comprehensive Capital Analysis 

and Review (CCAR) reporting form FR 

Y–14A.8 The OCC also recognizes the 

Board has proposed and implemented 

modifications to the FR Y–14A and, to 

the extent practical, the OCC will keep 

its reporting requirements consistent 

with the Board’s FR Y–14A in order to 

minimize burden on covered 

institutions.9 Therefore, the OCC is 

proposing to revise its reporting 

requirements to mirror the Board’s FR 

Y–14A for covered institutions with 

total consolidated assets of $250 billion 

or more. 

The OCC’s proposed changes include 

updates to various schedules to reflect 

the adoption of the tailoring framework 

used to determine the applicability of 

regulatory capital requirements to large 

U.S. banking organizations.10 Other 

changes include removing the 

worksheet for reporting advanced 

approaches risk-weighted assets and the 

worksheet for reporting pre-provision 

net revenue (PPNR) metrics. as well as 

technical changes to various individual 

data items. The proposed changes to the 

OCC’s reporting templates do not 

include data items in the FR Y–14A 

associated with several capital buffers 

related ratios, such as the Board’s stress 

capital buffer requirement adopted in 

2020.11 The proposal would remove the 

OCC Supplemental Schedule, which 

collects information not collected by the 

FR Y–14A. 

Type of Review: Revision. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 8. 

Estimated Total Annual Burden: 

4,212 hours. 

The OCC believes that the systems 

covered institutions use to prepare the 

FR Y–14 reporting templates to submit 

to the Board will also be used to prepare 

the reporting templates described in this 

notice. Comments submitted in 

response to this notice will be 

summarized and 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 

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. 

Bao Nguyen, 

Principal Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2021–01883 Filed 1–27–21; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Fiscal Service 

Bureau of the Fiscal Service 

Prompt Payment Interest Rate; 

Contract Disputes Act 

AGENCY: Fiscal Service, Bureau of the 

Fiscal Service, Treasury. 

ACTION: Notice of Prompt Payment 

Interest Rate; Contract Disputes Act. 

SUMMARY: For the period beginning 

January 1, 2021, and ending on June 30, 

2021, the prompt payment interest rate 

is 7⁄8 per centum per annum. 

DATES: Applicable January 1, 2021, to 

June 30, 2021. 

ADDRESSES: Comments or inquiries may 

be mailed to: E-Commerce Division, 

Bureau of the Fiscal Service, 401 14th 

Street SW, Room 306F, Washington, DC 

20227. Comments or inquiries may also 

be emailed to PromptPayment@

fiscal.treasury.gov. 

FOR FURTHER INFORMATION CONTACT: 

Thomas M. Burnum, E-Commerce 

Division, (202) 874–6430; or Thomas 

Kearns, Senior Counsel, Office of the 

Chief Counsel, (202) 874–7036. 

SUPPLEMENTARY INFORMATION: An agency 

that has acquired property or service 

from a business concern and has failed 

7458 Federal Register / Vol. 86, No. 17 / Thursday, January 28, 2021 / Notices 

to pay for the complete delivery of 

property or service by the required 

payment date shall pay the business 

concern an interest penalty. 31 U.S.C. 

3902(a). The Contract Disputes Act of 

1978, Sec. 12, Public Law 95–563, 92 

Stat. 2389, and the Prompt Payment Act, 

31 U.S.C. 3902(a), provide for the 

calculation of interest due on claims at 

the rate established by the Secretary of 

the Treasury. 

The Secretary of the Treasury has the 

authority to specify the rate by which 

the interest shall be computed for 

interest payments under section 12 of 

the Contract Disputes Act of 1978 and 

under the Prompt Payment Act. Under 

the Prompt Payment Act, if an interest 

penalty is owed to a business concern, 

the penalty shall be paid regardless of 

whether the business concern requested 

payment of such penalty. 31 U.S.C. 

3902(c)(1). Agencies must pay the 

interest penalty calculated with the 

interest rate, which is in effect at the 

time the agency accrues the obligation 

to pay a late payment interest penalty. 

31 U.S.C. 3902(a). ‘‘The interest penalty 

shall be paid for the period beginning 

on the day after the required payment 

date and ending on the date on which 

payment is made.’’ 31 U.S.C. 3902(b). 

Therefore, notice is given that the 

Secretary of the Treasury has 

determined that the rate of interest 

applicable for the period beginning 

January 1, 2021, and ending on June 30, 

2021, is 7⁄8 per centum per annum. 

Timothy E. Gribben, 

Commissioner, Bureau of the Fiscal Service. 

[FR Doc. 2021–01681 Filed 1–27–21; 8:45 am] 

BILLING CODE 4810–AS–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Notice of OFAC Sanctions Action 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The U.S. Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the names 

of one or more individuals, entities, and 

vessels that have been placed on 

OFAC’s Specially Designated Nationals 

and Blocked Persons List based on 

OFAC’s determination that one or more 

applicable legal criteria were satisfied. 

All property and interests in property 

subject to U.S. jurisdiction of these 

persons are blocked, and U.S. persons 

are generally prohibited from engaging 

in transactions with them. 

DATES: See SUPPLEMENTARY INFORMATION

section for effective date(s). 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Andrea Gacki, Director, tel.: 

202–622–2490; Associate Director for 

Global Targeting, tel.: 202–622–2420; 

Assistant Director for Sanctions 

Compliance & Evaluation, tel.: 202–622– 

2490; Assistant Director for Licensing, 

tel.: 202–622–2480; or Assistant Director 

for Regulatory Affairs, tel.: 202–622– 

4855. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The Specially Designated Nationals 

and Blocked Persons List and additional 

information concerning OFAC sanctions 

programs are available on OFAC’s 

website (https://www.treasury.gov/ofac). 

Notice of OFAC Action(s) 

On January 15, 2021, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following individuals 

and entities are blocked pursuant to the 

relevant sanctions authorities below. 

Individuals 

1. APIKIAN, Philipp Paul Vartan; DOB 15 

Jan 1969; POB Geneva, Switzerland; citizen 

Switzerland; Gender Male; Passport 

X0062329 (Switzerland) issued 27 Feb 2012 

expires 26 Feb 2022 (individual) 

[VENEZUELA–EO13850]. 

Designated pursuant to section 1(a)(iv) of 

Executive Order 13850 of November 1, 2018, 

‘‘Blocking Property of Additional Persons 

Contributing to the Situation in Venezuela,’’ 

83 FR 55243, 3 CFR, 2019 Comp., p. 881 

(E.O. 13850), as amended by Executive Order 

13857 of January 25, 2019, ‘‘Taking 

Additional Steps To Address the National 

Emergency With Respect to Venezuela,’’ 84 

FR 509 (E.O. 13857), for having acted or 

purported to act for or on behalf of, directly 

or indirectly, SWISSOIL TRADING SA, a 

person whose property and interests in 

property are blocked pursuant to E.O. 13850. 

2. BAZZONI, Alessandro, Via Cantonale 8, 

Lugano 6900, Switzerland; DOB 09 Jul 1971; 

POB Milan, Italy; citizen Italy; Gender Male; 

Passport YA9636063 (Italy) issued 12 Jul 

2016 expires 11 Jul 2026 (individual) 

[VENEZUELA–EO13850]. 

Designated pursuant to section 1(a)(i) and 

1(a)(iii) of E.O. 13850, as amended by E.O. 

13857, for operating in the oil sector of the 

Venezuelan economy and materially 

assisting, sponsoring, or providing financial, 

material, or technological support for, or 

goods or services to or in support of PdVSA, 

a person whose property and interests in 

property are blocked pursuant to E.O. 13850. 

3. D’AGOSTINO CASADO, Francisco 

Javier, Calle El Parque. Res. Campo Alegre 

Plaza, Piso 5. Urb. Campo Alegre, Caracas, 

Miranda 1060, Venezuela; DOB 02 Jun 1974; 

POB Caracas, Venezuela; nationality Spain; 

citizen Spain; alt. citizen Venezuela; Gender 

Male; Cedula No. V–11307398 (Venezuela); 

Passport XDC221294 (Spain) issued 18 Sep 

2015 expires 11 Jul 2018; National ID No. 

R.E. 201000798316 (Spain) (individual) 

[VENEZUELA–EO13850]. 

Designated pursuant to section 1(a)(i) and 

1(a)(iii) of E.O. 13850, as amended by E.O. 

13857, for operating in the oil sector of the 

Venezuelan economy and materially 

assisting, sponsoring, or providing financial, 

material, or technological support for, or 

goods or services to or in support of PdVSA, 

a person whose property and interests in 

property are blocked pursuant to E.O. 13850. 

Entities 

1. 82 ELM REALTY LLC, 450 Park Avenue, 

Ste 1403, New York, NY 10022, United 

States; Company Number 3848561 (New 

York) (United States) [VENEZUELA– 

EO13850]. 

Designated pursuant to section 1(a)(iv) of 

E.O. 13850, as amended by E.O. 13857, for 

being owned or controlled by D’AGOSTINO 

CASADO, Francisco Javier, a person whose 

property and interests in property are 

blocked pursuant to E.O. 13850. 

2. AMG S.A.S. DI ALESSANDRO 

BAZZONI & C. (a.k.a. AMG S.A.S. DI 

ALESSANDRO BAZZONI AND C.; a.k.a. 

AMG S.A.S. DI ALESSANDRO BAZZONI E 

C.), Via Sottomonte 5, Verona 37124, Italy; 

V.A.T. Number IT02483560237 (Italy) 

[VENEZUELA–EO13850]. 

Designated pursuant to section 1(a)(iv) of 

E.O. 13850, as amended by E.O. 13857, for 

being owned or controlled by BAZZONI, 

Alessandro, a person whose property and 

interests in property are blocked pursuant to 

E.O. 13850. 

3. CATALINA HOLDINGS CORP., New 

York, NY 10107–1706, United States; 

Company Number 3934472 (New York) 

(United States) [VENEZUELA–EO13850]. 

Designated pursuant to section 1(a)(iv) of 

E.O. 13850, as amended by E.O. 13857, for 

being owned or controlled by D’AGOSTINO 

CASADO, Francisco Javier, a person whose 

property and interests in property are 

blocked pursuant to E.O. 13850. 

4. D’AGOSTINO & COMPANY, LTD (a.k.a. 

D’AGOSTINO AND COMPANY, LTD), Torre 

Dayco, Piso PH, Caracas, Venezuela; 

Organization Type: Other financial service 

activities, except insurance and pension 

funding activities, n.e.c. [VENEZUELA– 

EO13850]. 

Designated pursuant to section 1(a)(iv) of 

E.O. 13850, as amended by E.O. 13857, for 

being owned or controlled by D’AGOSTINO 

CASADO, Francisco Javier, a person whose 

property and interests in property are 

blocked pursuant to E.O. 13850. 

5. ELEMENT CAPITAL ADVISORS LTD, 

Avenida Federico Boyd con Calle 49, Edificio 

Alfaro Piso 4 Oficina 4–A, Apartado 0832– 

00998, Panama City, Panama; Virgin Islands, 

British; website www.element-capital.com; 

Nationality of Registration Virgin Islands, 

British; Organization Type: Other financial 

service activities, except insurance and 

pension funding activities, n.e.c.; Company 

Number 1476279 (Virgin Islands, British) 

[VENEZUELA–EO13850]. 

Designated pursuant to section 1(a)(iv) of 

E.O. 13850, as amended by E.O. 13857, for 

being owned or controlled by D’AGOSTINO