89026 Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 

maintenance, and purchase of services 

to provide information. 

Patrick T. Tierney, 

Assistant Director, Bank Advisory, Office of 

the Comptroller of the Currency. 

[FR Doc. 2023–28373 Filed 12–22–23; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Revision of an Approved 

Information Collection; Comment 

Request; Bank Activities and 

Operations; Investment in Bank 

Premises 

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 

comment on a continuing information 

collection as required by the Paperwork 

Reduction Act of 1995 (PRA). In 

accordance with the requirements of the 

PRA, the OCC may not conduct or 

sponsor, and the respondent is not 

required to respond to, an information 

collection unless it displays a currently 

valid Office of Management and Budget 

(OMB) control number. The OCC is 

soliciting comment concerning a 

revision to its information collection 

titled, ‘‘Bank Activities and Operations; 

Investment in Bank Premises.’’ 

DATES: Comments must be received by 

February 26, 2024. 

ADDRESSES: Commenters are encouraged 

to submit comments by email, if 

possible. You may submit comments by 

any of the following methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, 

Attention: Comment Processing, Office 

of the Comptroller of the Currency, 

Attention: 1557–0204, 400 7th Street 

SW, Suite 3E–218, Washington, DC 

20219. 

• Hand Delivery/Courier: 400 7th 

Street SW, Suite 3E–218, Washington, 

DC 20219. 

• Fax: (571) 293–4835. 

Instructions: You must include 

‘‘OCC’’ as the agency name and ‘‘1557– 

0204’’ in your comment. In general, the 

OCC will publish comments on 

www.reginfo.gov without change, 

including any business or personal 

information provided, such as name and 

address information, email addresses, or 

phone numbers. Comments received, 

including attachments and other 

supporting materials, are part of the 

public record and subject to public 

disclosure. Do not include any 

information in your comment or 

supporting materials that you consider 

confidential or inappropriate for public 

disclosure. 

You may review comments and other 

related materials that pertain to this 

information collection beginning on the 

date of publication of the second notice 

for this collection by the method set 

forth in the next bullet. Following the 

close of this notice’s 60-day comment 

period, the OCC will publish a second 

notice with a 30-day comment period. 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ dropdown menu. Click on ‘‘Information 

Collection Review.’’ From the 

‘‘Currently under Review’’ drop-down 

menu, select ‘‘Department of Treasury’’ 

and then click ‘‘submit.’’ This 

information collection can be located by 

searching OMB control number ‘‘1557– 

0204’’ or ‘‘Bank Activities and 

Operations; Investment in Bank 

Premises.’’ Upon finding the 

appropriate information collection, click 

on the related ‘‘ICR Reference Number.’’ 

On the next screen, select ‘‘View 

Supporting Statement and Other 

Documents’’ and then click on the link 

to any comment listed at the bottom of 

the screen. 

• For assistance in navigating 

www.reginfo.gov, please contact the 

Regulatory Information Service Center 

at (202) 482–7340. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, Clearance Officer, 

(202) 649–5490, Chief Counsel’s Office, 

Office of the Comptroller of the 

Currency, 400 7th Street SW, 

Washington, DC 20219. If you are deaf, 

hard of hearing, or have a speech 

disability, please dial 7–1–1 to access 

telecommunications relay services. 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501–3520), Federal 

agencies must obtain approval from 

OMB for each collection of information 

that they conduct or sponsor. 

‘‘Collection of information’’ is defined 

in 44 U.S.C. 3502(3) and 5 CFR 

1320.3(c) to include agency requests or 

requirements that members of the public 

submit reports, keep records, and/or 

provide information to a third party. 

Section 3506(c)(2)(A) of title 44 requires 

Federal agencies to provide a 60-day 

notice in the Federal Register 

concerning each proposed collection of 

information, including each proposed 

extension of an existing collection of 

information, before submitting the 

collection to OMB for approval. To 

comply with this requirement, the OCC 

is publishing notice of the renewal of 

this collection. 

Title: Bank Activities and Operations; 

Investment in Bank Premises. 

OMB Control No.: 1557–0204. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit. 

Estimated Frequency of Response: On 

occasion; Quarterly. 

Description: The information 

collection requirements ensure that 

institutions conduct their operations in 

a safe and sound manner and in 

accordance with applicable Federal 

banking law and regulations. The 

collections of information provide 

needed information for examiners and 

offer protections for institutions. The 

collections are necessary for regulatory 

and examination purposes and for 

national banks to ensure their 

compliance with Federal law and 

regulations. 

The information collection 

requirements are as follows: 

• Investment in national bank or 

Federal savings association premises— 

A national bank or Federal savings 

association may invest in banking 

premises and other premises-related 

investments, loans, or indebtedness by 

filing an application for prior approval 

whenever its investment in bank 

premises will cause it to exceed its 

capital stock. The application must 

describe the present and proposed 

investment and the business reason for 

exceeding the limit. A bank with a 

composite 1 or 2 CAMELS rating 

entering a transaction that increases its 

aggregate bank premises investment to 

not more than 150 percent of its capital 

and surplus may proceed without prior 

OCC approval but must provide an afterthe-fact notice. 12 CFR 5.37. 

• 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 

7.1014. 

• Tax equity finance transactions— 

Written requests are required for waiver 

to participate in a renewable energy tax 

equity finance transaction exceeding the 

aggregate investment limit. Prior written 

notification to OCC is required for each 

renewable energy tax equity finance 

transaction. 12 CFR 7.1025. 

• Payment systems—Thirty (30) days 

advance written notice is required 

before joining a payment system that 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 89027 

would expose the institution to openended liability. After-the-fact written 

notice must be filed within 30 days of 

becoming a member of a payment 

system that does not expose the 

institution to open-ended liabilities 

with certain representations. Both 

notices must include safety and 

soundness representations. 12 CFR 

7.1026. 

• Derivatives activities—Thirty (30) 

days prior written notice is required 

before engaging in certain derivatives 

hedging activities, expanding the bank’s 

derivatives hedging activities to include 

a new category of underlying for 

derivatives transactions, engaging in 

certain customer-driven financial 

intermediation derivatives activities, 

and expanding the bank’s customerdriven financial intermediation 

derivatives activities to include a new 

category of underlyings specified in the 

regulation. 12 CFR 7.1030. 

• 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 

7.2000(b). 

• State corporate governance— 

Requests for OCC’s staff position on 

ability of a national bank to engage in 

a particular State corporate governance 

procedure must include name, citations, 

discussion of similarly situated State 

banks, identification of Federal banking 

statutes and regulations, and analysis of 

consistency with statutes, regulations, 

and safety and soundness. 12 CFR 

7.2000(d). 

• Honorary directors or advisory 

boards—Any listing of a national bank’s 

honorary or advisory directors must 

distinguish between those directors and 

the bank’s board of directors or indicate 

their advisory status. 12 CFR 7.2004. 

• Indemnification of institutionaffiliated parties—written agreement 

required for advancement—A written 

agreement that an IAP will reimburse 

the institution for any portion of nonreimbursed indemnification that the IAP 

is found not entitled to before advancing 

funds to an IAP. 12 CFR 7.2014(c). 

• Issuing stock in certificate form— 

National banks must include certain 

information, signatures, and seal when 

issuing stock in certificate form. 12 CFR 

7.2016. 

• Staggered terms for national bank 

directors—Any national bank may adopt 

bylaws that provide for staggering the 

terms of its directors. National banks 

must provide the OCC with copies of 

any bylaws so amended. 12 CFR 

7.2024(a). 

• 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. 12 CFR 7.2024(c). 

Estimated Number of Respondents: 

1,727. 

Estimated Total Annual Burden: 

1,138 hours. 

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. 

Patrick T. Tierney, 

Assistant Director, Bank Advisory, Office of 

the Comptroller of the Currency. 

[FR Doc. 2023–28374 Filed 12–22–23; 8:45 am] 

BILLING CODE 4810–33–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 persons and a vessel that have been 

placed on OFAC’s Specially Designated 

Nationals and Blocked Persons List 

(SDN 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 and a vessel 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: Bradley T. Smith, Director, tel.: 

202–622–2490; Associate Director for 

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

Assistant Director for Licensing, tel.: 

202–622–2480; Assistant Director for 

Regulatory Affairs, tel.: 202–622–4855; 

or the Assistant Director for Sanctions 

Compliance & Evaluation, tel.: 202–622– 

2490. 

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 December 20, 2023, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following persons are 

blocked under the relevant sanctions 

authority listed below. 

Entities 

1. BELLATRIX ENERGY LIMITED, 

Unit 601, 6/F of Mill 5 of the Mills, 45 

Pak Tin Par Street, Hong Kong, China; 

Organization Established Date 09 Dec 

2020; Registration Number 3000934 

(Hong Kong) [RUSSIA–EO14024]. 

Designated pursuant to section 1(a)(i) 

of Executive Order 14024 of April 15, 

2021, ‘‘Blocking Property With Respect 

To Specified Harmful Foreign Activities 

of the Government of the Russian 

Federation,’’ 86 FR 20249, 3 CFR, 2021 

Comp., p. 542 (Apr. 15, 2021) (E.O. 

14024) for operating or having operated 

in the marine sector of the Russian 

Federation economy. 

2. COVART ENERGY LIMITED, 5/F, 

Lee Garden Three, 1 Sunning Road, 

Causeway Bay, Hong Kong, China; Ofis 

417, Ul. Maksima Gorkogo 276, Rostovna-Donu 344019, Russia; Organization 

Established Date 08 Nov 2019; 

Identification Number IMO 6357849; 

Registration Number 2890985 (Hong 

Kong) [RUSSIA–EO14024]. 

Designated pursuant to section 1(a)(i) 

of E.O. 14024 for operating or having 

operated in the marine sector of the 

Russian Federation economy. 

3. SUN SHIP MANAGEMENT D LTD 

(a.k.a. SCF MANAGEMENT SERVICES 

DUBAI LTD), PO Box 507065, Unit OT 

17–32, Central Park Towers, Office 

Tower, Dubai, United Arab Emirates; 

Organization Established Date 02 Aug 

2012; UAE Identification 1244 (United 

Arab Emirates); Registration Number 

11440513 (United Arab Emirates) 

[RUSSIA–EO14024]. 

Designated pursuant to section 

1(a)(vii) of Executive Order 14024 for 

being owned or controlled by, or having 

acted or purported to act for or on behalf 


khammond on DSKJM1Z7X2PROD with NOTICES