16170 Federal Register / Vol. 77, No. 54 / Tuesday, March 20, 2012 / Rules and Regulations 

separate from other securities the agent 

has paid and must be submitted in 

accordance with instructions issued by 

the Bureau of the Public Debt and/or its 

fiscal agents. 

■ 29. Revise § 330.9 to read as follows: 

§ 330.9 Fiscal agents. 

Federal Reserve Banks (including any 

Branch or office thereof, as appropriate) 

perform services as fiscal agents of the 

United States. These Federal Reserve 

Banks shall perform such services in 

connection with this part as may be 

requested by the Secretary of the 

Treasury, or a designee. These Federal 

Reserve Banks are authorized and 

directed to perform such duties, 

including the issuance of supplemental 

instructions and forms, as may be 

necessary to fulfill the purposes and 

requirements of these regulations. The 

instructions and guidance issued 

pursuant to § 321.27 set forth each 

Federal Reserve Bank that has been 

designated as a Federal Reserve 

Processing Site or as a TRS Site by the 

Secretary of the Treasury, or a designee. 

Richard L. Gregg, 

Fiscal Assistant Secretary. 

[FR Doc. 2012–6351 Filed 3–19–12; 8:45 am] 

BILLING CODE 4810–39–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

31 CFR Part 560 

Iranian Transactions Regulations 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Final rule. 

SUMMARY: The Department of the 

Treasury’s Office of Foreign Assets 

Control is amending the Iranian 

Transactions Regulations to redefine the 

term entity owned or controlled by the 

Government of Iran to substantially 

conform to the definition in the 

amended Iranian Financial Sanctions 

Regulations. 

DATES: Effective: March 20, 2012. 

FOR FURTHER INFORMATION CONTACT: 

Assistant Director for Sanctions 

Compliance & Evaluation, tel.: 202/622– 

2490, Assistant Director for Licensing, 

tel.: 202/622–2480, Assistant Director 

for Policy, tel.: 202/622–4855, Office of 

Foreign Assets Control, or Chief Counsel 

(Foreign Assets Control), tel.: 202/622– 

2410, Office of the General Counsel, 

Department of the Treasury (not toll free 

numbers). 

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability 

This document and additional 

information concerning OFAC are 

available from OFAC’s Web site 

(www.treas.gov/ofac). Certain general 

information pertaining to OFAC’s 

sanctions programs also is available via 

facsimile through a 24-hour fax-ondemand service, tel.: 202/622–0077. 

Background 

By a separate rulemaking, the 

Department of the Treasury’s Office of 

Foreign Assets Control (‘‘OFAC’’) has 

amended the Iranian Financial 

Sanctions Regulations, 31 CFR part 561 

(the ‘‘IFSR’’), and reissued them in their 

entirety, to implement section 1245(d) 

of the National Defense Authorization 

Act for Fiscal Year 2012. In the 

amended IFSR, OFAC defined the term 

entity owned or controlled by the 

Government of Iran in a way that differs 

slightly from the definition of the term 

in the Iranian Transactions Regulations, 

31 CFR part 560 (the ‘‘ITR’’). To ensure 

that the term entity owned or controlled 

by the Government of Iran is defined 

consistently in these Iran sanctions 

programs, OFAC also is amending the 

ITR to more closely conform the 

definition in section 560.313 of the ITR 

to the one in section 561.322 of the 

IFSR. OFAC intends to issue more 

thorough amendments to the ITR to 

implement Executive Order 13599 of 

February 5, 2012 (‘‘Blocking Property of 

the Government of Iran and Iranian 

Financial Institutions’’)(‘‘E.O. 13599’’), 

at a later date. See 77 FR 7660 (Feb. 13, 

2012), for a Notice containing additional 

information on E.O. 13599 and OFAC 

general and specific licenses set forth in 

or issued pursuant to the ITR. 

Public Participation 

Because the ITR involve a foreign 

affairs function, the provisions of 

Executive Order 12866 and the 

Administrative Procedure Act (5 U.S.C. 

553) requiring notice of proposed 

rulemaking, opportunity for public 

participation, and delay in effective date 

are inapplicable. Because no notice of 

proposed rulemaking is required for this 

rule, the Regulatory Flexibility Act (5 

U.S.C. 601–612) does not apply. 

Paperwork Reduction Act 

The collections of information related 

to the ITR are contained in 31 CFR part 

501 (the ‘‘Reporting, Procedures and 

Penalties Regulations’’). Pursuant to the 

Paperwork Reduction Act of 1995 (44 

U.S.C. 3507), those collections of 

information have been approved by the 

Office of Management and Budget under 

control number 1505–0164. 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 control number. 

List of Subjects in 31 CFR Part 560 

Administrative practice and 

procedure, Banks, Banking, Brokers, 

Foreign Trade, Investments, Loans, 

Securities, Iran. 

For the reasons set forth in the 

preamble, the Department of the 

Treasury’s Office of Foreign Assets 

Control amends 31 CFR part 560 as 

follows: 

PART 560—IRANIAN TRANSACTIONS 

REGULATIONS 

■ 1. The authority citation to part 560 

continues to read as follows: 

Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 

2332d; 22 U.S.C. 2349aa–9; 22 U.S.C. 7201– 

7211; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 

1701–1706; Pub. L. 101–410, 104 Stat. 890 

(28 U.S.C. 2461 note); Pub. L. 110–96, 121 

Stat. 1011 (50 U.S.C. 1705 note); Pub. L. 111– 

195, 124 Stat. 1312 (22 U.S.C. 8501–8551); 

E.O. 12613, 52 FR 41940, 3 CFR, 1987 Comp., 

p. 256; E.O. 12957, 60 FR 14615, 3 CFR, 1995 

Comp., p. 332; E.O. 12959, 60 FR 24757, 3 

CFR, 1995 Comp., p. 356; E.O. 13059, 62 FR 

44531, 3 CFR, 1997 Comp., p. 217. 

Subpart C—General Definitions 

■ 2. Revise § 560.313 to read as follows: 

§ 560.313 Entity owned or controlled by 

the Government of Iran. 

The term entity owned or controlled 

by the Government of Iran includes any 

corporation, partnership, association, or 

other entity in which the Government of 

Iran owns a 50 percent or greater 

interest or a controlling interest, and 

any entity which is otherwise controlled 

by that government. 

Dated: March 9, 2012. 

Adam J. Szubin, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2012–6606 Filed 3–19–12; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket No. USCG–2012–0154] 

Safety Zones; Recurring Events in 

Captain of the Port New York Zone 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of enforcement of 

regulation. 


wreier-aviles on DSK5TPTVN1PROD with RULES