15450 Federal Register / Vol. 89, No. 43 / Monday, March 4, 2024 / Rules and Regulations 

may invest any unredeemed Demand 

Deposit securities in special 90-day 

certificates of indebtedness. 

(1) Funds left invested in Demand 

Deposit securities remain subject to the 

normal terms and conditions for such 

securities as set forth in this part. 

(2) Funds invested in 90-day 

certificates of indebtedness earn simple 

interest equal to the daily factor in effect 

at the time Demand Deposit security 

issuance is suspended, multiplied by 

the number of days outstanding. Ninetyday certificates of indebtedness are 

subject to the same request for 

redemption notification requirements as 

those for Demand Deposit securities and 

will be redeemed at par value plus 

accrued interest. If a 90-day certificate 

of indebtedness reaches maturity during 

a debt limit contingency, we will 

automatically roll it into a new 90-day 

certificate of indebtedness, along with 

accrued interest, that earns simple 

interest equal to the daily factor in effect 

at the time that the new 90-day 

certificate of indebtedness is issued, 

multiplied by the number of days 

outstanding. When regular Treasury 

borrowing operations resume, the 90- 

day certificates of indebtedness, along 

with accrued interest, will be reinvested 

in Demand Deposit securities. 

■ 10. Amend § 344.8 by revising 

paragraphs (a), (b), and (e) to read as 

follows: 

§ 344.8 What other provisions apply to 

subscriptions for Demand Deposit 

securities? 

(a) When is my subscription due? The 

subscriber must set the issue date in the 

subscription. You cannot change the 

issue date to require issuance earlier or 

later than the issue date originally 

specified; provided, however, you may 

change the issue date up to 7 days after 

the original issue date if you establish 

to the satisfaction of Treasury that such 

change is required as a result of 

circumstances that were unforeseen at 

the time of the subscription and are 

beyond the issuer’s control (for 

example, a natural disaster). The issue 

date must be a business day. The issue 

date cannot be more than 60 days after 

the date we receive the subscription. If 

the subscription is for $10 million or 

less, we must receive the subscription at 

least 5 days before the issue date. If the 

subscription is for more than $10 

million, we must receive the 

subscription at least 7 days before the 

issue date. 

(b) How do I start the subscription 

process? A subscriber starts the 

subscription process by entering into 

SLGSafe the following information: 

(1) The issue date; 

(2) The total principal amount; 

(3) The issuer’s name and Taxpayer 

Identification Number; 

(4) A description of the taxadvantaged bond issue; and 

(5) The certifications required by 

§ 344.2(e)(1), if the subscription is 

submitted by an agent of the issuer. 

* * * * * 

(e) How do I complete the 

subscription process? The completed 

subscription must: 

(1) Be dated and submitted 

electronically by an official authorized 

to make the purchase; 

(2) Describe the bond issue. If the taxadvantaged bond issue referenced in 

paragraph (b)(4) of this section is, or 

will be, registered or disclosed in the 

Municipal Securities Rulemaking 

Board’s (MSRB) Electronic Municipal 

Market Access (EMMA®) system, 

describe the issue exactly as designated 

in the ‘‘issue description’’ field of 

EMMA®, or successor system; 

(3) Include the issuer’s address; 

(4) Include the information on the 

financial institution that will transmit 

the funds for the purchase of the 

securities; 

(5) Not be more than ten percent 

above or below the aggregate principal 

amount originally specified in the 

subscription; 

(6) Include the information required 

under paragraph (b) of this section, if 

not already provided; and 

(7) Include the certifications required 

by § 344.2(e)(1) (agent certification), 

(e)(2)(i) (yield certification), and (e)(4) 

(eligibility certification). 

■ 11. Amend § 344.9 by revising 

paragraph (a) to read as follows: 

§ 344.9 How do I redeem a Demand 

Deposit security? 

(a) When must I notify Treasury to 

redeem a security? Demand Deposit 

securities can be redeemed at the 

owner’s option, if we receive a request 

for redemption not less than: 

(1) One business day before the 

requested redemption date for total 

redemptions by an owner of $10 million 

or less; 

(2) Three business days before the 

requested redemption date for total 

redemptions by an owner of more than 

$10 million but less than $500 million; 

and 

(3) Five business days before the 

requested redemption date for total 

redemptions by an owner of $500 

million or more. 

* * * * * 

Subpart D [Removed] 

■ 12. Remove subpart D. 

By the Department of the Treasury. 

David Lebryk, 

Fiscal Assistant Secretary. 

[FR Doc. 2024–04380 Filed 3–1–24; 8:45 am] 

BILLING CODE 4810–AS–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

38 CFR Part 0 

RIN 2900–AS04 

Agency Ethics Officials 

AGENCY: Department of Veterans Affairs. 

ACTION: Final rule. 

SUMMARY: The Department of Veterans 

Affairs (VA) is amending its regulation 

governing Agency ethics officials to 

reflect that the Secretary designates 

these officials, to identify the employees 

who may serve in these roles, and to 

make other relevant nomenclature 

changes regarding employees and 

groups within the Office of General 

Counsel. 

DATES: Effective date: This rule is 

effective March 4, 2024. 

FOR FURTHER INFORMATION CONTACT: 

Tracianna L. Winston, Chief Counsel, 

Ethics Specialty Team, Office of the 

General Counsel (021), Department of 

Veterans Affairs, 810 Vermont Avenue 

NW, Washington, DC 20420, (202) 461– 

6269. (This is not a toll-free telephone 

number.) 

SUPPLEMENTARY INFORMATION: Title 38 of 

the Code of Federal Regulations, 

Chapter I, Part 0 governs the Values, 

Standards of Ethical Conduct, and 

Related Responsibilities of VA 

employees. Subpart B, ‘‘General 

Provisions’’ includes 38 CFR 0.735–1 

‘‘Agency ethics officials’’ which is 

amended to provide updated 

information regarding the designation of 

agency ethics officials and the 

employees who may serve in these 

roles. The sections are also amended to 

reflect nomenclature changes to the 

names of certain Office of General 

Counsel offices and the employees in 

those offices. 

Specifically, 38 CFR 0.735–1(a) is 

amended to reflect that the Secretary 

designates attorneys from the Office of 

General Counsel to serve as the 

Designated Agency Ethics Official 

(DAEO) and Alternate Designated 

Agency Ethics Official (ADAEO). 

Additionally, 38 CFR 0.735–1(b)(1) is 

amended to reflect nomenclature 

changes to the names of Office of 

General Counsel positions, including 

District Chief Counsels, and teams, 

including the Ethics Specialty Team. 


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Federal Register / Vol. 89, No. 43 / Monday, March 4, 2024 / Rules and Regulations 15451 

This subsection is also amended to 

broaden the group of individuals who 

may act as Deputy Ethics Officials 

pursuant to delegations from the DAEO. 

Finally, 38 CFR 0.735–1(b)(2) is 

amended to include a citation to 5 CFR 

2638.104(e) as the existing citation to 5 

CFR 2638.204 is outdated. 

Administrative Procedure Act 

This final rule is a procedural rule 

that does not impose new rights, duties, 

or obligations on affected individuals 

but, rather, explains that the Secretary 

appoints Agency ethics officials and 

identifies the employees that may serve 

as Agency ethics officials. Therefore, it 

is exempt from the prior notice-andcomment and delayed-effective-date 

requirements of 5 U.S.C. 553. See 5 

U.S.C. 553(b)(A) and (d)(3). This rule 

merely updates information regarding 

the delegation of Agency ethics officials, 

the employees who may serve in those 

roles, and the names of certain offices 

and employees in the Office of General 

Counsel. 

Paperwork Reduction Act 

This final rule contains no provisions 

constituting a collection of information 

under the Paperwork Reduction Act of 

1995 (44 U.S.C. 3501–3521). 

Regulatory Flexibility Act 

The initial and final regulatory 

flexibility analyses requirements of 

sections 603 and 604 of the Regulatory 

Flexibility Act, 5 U.S.C. 601–612, are 

not applicable to this rule because a 

notice of proposed rulemaking is not 

required for this rule. Even so, the 

Secretary hereby certifies that this final 

rule will not have a significant 

economic impact on a substantial 

number of small entities as they are 

defined in the Regulatory Flexibility 

Act. This rule will affect only: (1) Office 

of General Counsel (OGC) and VA 

employees who serve as Agency ethics 

officials, and (2) VA employees seeking 

ethics advice from these Agency ethics 

officials. Therefore, pursuant to 5 U.S.C. 

605(b), the initial and final regulatory 

flexibility analysis requirements of 5 

U.S.C. 603 and 604 do not apply. 

Executive Orders 12866, 13563 and 

14094 

Executive Order 12866 (Regulatory 

Planning and Review) directs agencies 

to assess the costs and benefits of 

available regulatory alternatives and, 

when regulation is necessary, to select 

regulatory approaches that maximize 

net benefits (including potential 

economic, environmental, public health 

and safety effects, and other advantages; 

distributive impacts; and equity). 

Executive Order 13563 (Improving 

Regulation and Regulatory Review) 

emphasizes the importance of 

quantifying both costs and benefits, 

reducing costs, harmonizing rules, and 

promoting flexibility. Executive Order 

14094 (Executive Order on Modernizing 

Regulatory Review) supplements and 

reaffirms the principles, structures, and 

definitions governing contemporary 

regulatory review established in 

Executive Order 12866 of September 30, 

1993 (Regulatory Planning and Review), 

and Executive Order 13563 of January 

18, 2011 (Improving Regulation and 

Regulatory Review). The Office of 

Information and Regulatory Affairs has 

determined that this rulemaking is not 

a significant regulatory action under 

Executive Order 12866, as amended by 

Executive Order 14094. The Regulatory 

Impact Analysis associated with this 

rulemaking can be found as a 

supporting document at 

www.regulations.gov. 

Assistance Listing 

There are no Assistance Listing 

numbers and titles for the programs 

affected by this document. 

Congressional Review Act 

Pursuant to Subtitle E of the Small 

Business Regulatory Enforcement 

Fairness Act of 1996 (known as the 

Congressional Review Act) (5 U.S.C. 801 

et seq.), the Office of Information and 

Regulatory Affairs designated this rule 

as not satisfying the criteria under 5 

U.S.C. 804(2). 

Unfunded Mandates 

The Unfunded Mandates Reform Act 

of 1995 requires, at 2 U.S.C. 1532, that 

agencies prepare an assessment of 

anticipated costs and benefits before 

issuing any rule that may result in the 

expenditure by State, local, and tribal 

governments, in the aggregate, or by the 

private sector, of $100 million or more 

(adjusted annually for inflation) in any 

one year. This final rule will have no 

such effect on State, local, and tribal 

governments, or on the private sector. 

List of Subjects in 38 CFR Part 0 

Core Values, Characteristics and 

Customer Experience Principles of the 

Department, General Provisions, 

Standards of Ethical Conduct, and 

Related Responsibilities of Employees. 

Signing Authority 

Denis McDonough, Secretary of 

Veterans Affairs, approved this 

document on February 26, 2024, and 

authorized the undersigned to sign and 

submit the document to the Office of the 

Federal Register for publication 

electronically as an official document of 

the Department of Veterans Affairs. 

Consuela Benjamin, 

Regulations Development Coordinator, Office 

of Regulation Policy & Management, Office 

of General Counsel, Department of Veterans 

Affairs. 

For the reasons set out in the 

preamble, the Department of Veterans 

Affairs amends 38 CFR part 0 as follows: 

PART 0—VALUES, STANDARDS OF 

ETHICAL CONDUCT, AND RELATED 

RESPONSIBILITIES 

■ 1. The authority citation for part 0 

continues to read as follows: 

Authority: 5 U.S.C. 301; 38 U.S.C. 501; see 

sections 201, 301, and 502(a) of E.O. 12674, 

54 FR 15159, 3 CFR, 1989 Comp., p. 215 as 

modified by E.O. 12731, 55 FR 42547, 3 CFR, 

1990 Comp., p. 306. 

■ 2. Amend § 0.735–1 by revising 

paragraphs (a), (b)(1), and (b)(2) to read 

as follows: 

§ 0.735–1 Agency ethics officials. 

(a) Designated Agency Ethics Official 

(DAEO). The Secretary will designate 

attorneys from the Office of General 

Counsel to serve as the Designated 

Agency Ethics Official (DAEO) and 

Alternate Designated Agency Ethics 

Official (ADAEO). 

(b) * * * 

(1) The District Chief Counsels and 

attorneys on the Ethics Specialty Team 

are Deputy Ethics Officials. They have 

been delegated the authority to act for 

the DAEO pursuant to 5 CFR 

2638.104(e). 

(2) Other officials may also act as 

Deputy Ethics officials pursuant to 

delegations of one or more of the 

DAEO’s duties from the DAEO. 

[FR Doc. 2024–04442 Filed 3–1–24; 8:45 am] 

BILLING CODE 8320–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

38 CFR Part 17 

RIN 2900–AR57 

Reproductive Health Services 

AGENCY: Department of Veterans Affairs. 

ACTION: Final rule. 

SUMMARY: The Department of Veterans 

Affairs (VA) is finalizing, without 

changes, an interim final rule that 

amended VA’s medical regulations to 

remove the exclusion on abortion 

counseling in the medical benefits 

package; establish exceptions to the 

exclusion on abortions for veterans who 


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