Federal Register / Vol. 89, No. 209 / Tuesday, October 29, 2024 / Notices 86081 

corresponding changes to the OCC 

reporting forms to minimize 

inconsistencies and reduce burden. The 

OCC’s proposed new reporting forms 

and instructions are available on the 

OCC’s website at https://

www.occ.treas.gov/publications-andresources/forms/dodd-frank-act-stresstest/index-dodd-frank-act-stresstest.html. 

Estimated Burden 

Estimated Frequency of Response: On 

occasion. 

Estimated Number of Respondents: 4 

annually and 4 biennially. 

Estimated Total Annual Burden: 

3,558 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, Office of the Comptroller 

of the Currency. 

[FR Doc. 2024–25037 Filed 10–28–24; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Submission for OMB Review; 

International Regulation—Part 28 

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 the 

renewal of its information collection 

titled, ‘‘International Regulation—Part 

28.’’ The OCC also is giving notice that 

it has sent the collection to OMB for 

review. 

DATES: Comments must be received by 

November 29, 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: 1557–0102, 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– 

0102’’ 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. 

Written comments and 

recommendations for the proposed 

information collection should also be 

sent within 30 days of publication of 

this notice to www.reginfo.gov/public/ 

do/PRAMain. You can find this 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

You may review comments and other 

related materials that pertain to this 

information collection following the 

close of the 30-day comment period for 

this notice by the method set forth in 

the next bullet. 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ tab 

and click on ‘‘Information Collection 

Review’’ from the drop-down menu. 

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– 

0102’’ or ‘‘International Regulation— 

Part 28.’’ 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 et seq.), Federal 

agencies must obtain approval from the 

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, or provide 

information to a third party. The OCC 

asks the OMB to extend its approval of 

the collection in this notice. 

Title: International Regulation—Part 

28. 

OMB Control No.: 1557–0102. 

Type of Review: Regular. 

Affected Public: Businesses or other 

for-profit. 

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. 

12 CFR 28.3 Filing Requirements for 

Foreign Operations of a National 

Bank—Notice Requirement 

Under 12 CFR 28.3(a), a national bank 

shall notify the OCC when it (1) files an 

application, notice, or report with the 

Board of Governors of the Federal 

Reserve System (FRB) to establish or 

open a foreign branch; or acquire or 

divest of an interest in, or close, an Edge 

corporation, Agreement corporation, 

foreign bank, or other foreign 


khammond on DSKJM1Z7X2PROD with NOTICES
86082 Federal Register / Vol. 89, No. 209 / Tuesday, October 29, 2024 / Notices 

organization; or (2) opens a foreign 

branch and no application or notice is 

required by the FRB for such 

transaction. Section 28.3(b) provides 

that in lieu of a notice, the OCC may 

accept a copy of an application, notice, 

or report submitted to another Federal 

agency that covers the proposed action 

and contains substantially the same 

information required by the OCC. 

Pursuant to § 28.3(c), the OCC may 

require additional information in the 

form of an application from a national 

bank seeking to join a foreign exchange, 

clearinghouse, or similar type of 

organization. A national bank shall 

furnish the OCC with any additional 

information the OCC may require in 

connection with the national bank’s 

foreign operations. 

12 CFR 28.14(c) Limitations Based 

Upon Capital of a Foreign Bank— 

Aggregation 

A foreign bank shall aggregate 

business transacted by all Federal 

branches and agencies with the business 

transacted by all state branches and 

agencies controlled by the foreign bank 

in determining its compliance with 

limitations based upon the capital of the 

foreign bank. A foreign bank shall 

designate one Federal branch or agency 

office in the United States to maintain 

consolidated information so that the 

OCC can monitor compliance. 

12 CFR 28.15(d), (d)(1), (d)(2), and (f) 

Capital Equivalency Deposits 

Under § 28.15(d), a foreign bank 

should require its depository bank to 

segregate its capital equivalency 

deposits (CED) on the depository bank’s 

books and records. Pursuant to 

§ 28.15(d)(2), the instruments making up 

the CED that are placed in safekeeping 

at a depository bank to satisfy a foreign 

bank’s CED requirement must be 

maintained pursuant to an agreement 

prescribed by the OCC that shall be a 

written agreement entered into with the 

OCC. Section 28.15(f) further provides 

that each Federal branch or agency shall 

maintain a capital equivalency account 

and keep records of the amount of 

liabilities requiring capital equivalency 

coverage in a manner and form 

prescribed by the OCC. Finally, under 

§ 28.15(d)(1), a foreign bank’s CED may 

not be reduced in value below the 

minimum required for that branch or 

agency without the prior approval of the 

OCC, but in no event may the value fall 

below the statutory minimum. 

12 CFR 28.16(c) Deposit-Taking by an 

Uninsured Federal Branch— 

Application for an Exemption 

A foreign bank may apply to the OCC 

for an exemption to permit an 

uninsured Federal branch to accept or 

maintain deposit accounts that are not 

listed in § 28.16(b). The request should 

describe the types, sources, and 

estimated amount of such deposits and 

explain why the OCC should grant an 

exemption, and how the exemption 

maintains and furthers the policies 

described in § 28.16(a). 

12 CFR 28.16(d) Deposit-Taking by an 

Uninsured Federal Branch— 

Aggregation of Deposits 

A foreign bank that has more than one 

Federal branch in the same state may 

aggregate deposits in all of its Federal 

branches in that state, but exclude 

deposits of other branches, agencies, or 

wholly owned subsidiaries of the bank. 

The Federal branch shall compute the 

average amount by using the sum of 

deposits as of the close of business of 

the last 30 calendar days ending with, 

and including, the last day of the 

calendar quarter, divided by 30. The 

Federal branch shall maintain records of 

the calculation until its next 

examination by the OCC. 

12 CFR 28.18(c)(1) Recordkeeping and 

Reporting—Maintenance of Accounts, 

Books, and Records 

Each Federal branch or agency shall 

maintain a set of accounts and records 

reflecting its transactions that are 

separate from those of the foreign bank 

and any other branch or agency. The 

Federal branch or agency shall keep a 

set of accounts and records in English 

sufficient to permit the OCC to examine 

the condition of the Federal branch or 

agency and its compliance with 

applicable laws and regulations. 

12 CFR 28.20(a)(1) Maintenance of 

Assets—General Rule 

The OCC may require a foreign bank 

to hold certain assets in the state in 

which its Federal branch or agency is 

located. 

12 CFR 28.22(e) Voluntary 

Liquidation—Reports of Examination 

The Federal branch or agency shall 

send the OCC certification that all of its 

Reports of Examination have been 

destroyed or return its Reports of 

Examination to the OCC. 

Estimated Burden: $296,843.60. 

Estimated Frequency of Response: On 

occasion. 

Estimated Number of Respondents: 

52. 

Estimated Total Annual Burden: 

2,294 hours. 

Comments: On August 23, 2024, the 

OCC published a 60-day notice for this 

information collection, (89 FR 68240). 

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. 

Patrick T. Tierney, 

Assistant Director, Office of the Comptroller 

of the Currency. 

[FR Doc. 2024–25031 Filed 10–28–24; 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 

removal of a person currently 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 

this person is unblocked, and U.S. 

persons are permitted to engage in 

lawful transactions with them. 

DATES: This action was issued on 

October 23, 2024. See SUPPLEMENTARY

INFORMATION for relevant dates. 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Associate Director for Global 

Targeting, 202–622–2420; or Assistant 

Director for Sanctions Compliance, 202– 

622–2490 or https://ofac.treasury.gov/ 

contact-ofac. 

SUPPLEMENTARY INFORMATION: 


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