15304 Federal Register / Vol. 87, No. 52 / Thursday, March 17, 2022 / Notices 

(c) ways to enhance the quality, utility 

and clarity of the information to be 

collected; and (d) ways to minimize the 

burden of the collection of information 

on respondents, including the use of 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., permitting 

electronic submission of responses. 

(Authority: The Paperwork Reduction Act of 

1995; 44 U.S.C. chapter 35, as amended; 49 

CFR 1.49; and DOT Order 1351.29.) 

Raymond R. Posten, 

Associate Administrator for Rulemaking. 

[FR Doc. 2022–05570 Filed 3–16–22; 8:45 am] 

BILLING CODE 4910–59–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Submission for OMB Review; 

Covered Savings Associations 

AGENCY: Office of the Comptroller of the 

Currency, Treasury (OCC). 

ACTION: Notice and request for comment. 

SUMMARY: The Office of the Comptroller 

of the Currency (OCC) as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites the 

general public and other Federal 

agencies to take this opportunity to 

comment on an information collection 

renewal as required by the Paperwork 

Reduction Act of 1995. An agency may 

not conduct or sponsor, and a 

respondent is not required to respond 

to, an information collection unless it 

displays a currently valid OMB control 

number. The OCC is soliciting comment 

concerning the renewal of its 

information collection titled ‘‘Covered 

Savings Associations.’’ The OCC also is 

giving notice that it has sent the 

collection to OMB for review. 

DATES: Comments must be received by 

April 18, 2022. 

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, 1557– 

0341, Office of the Comptroller of the 

Currency, 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) 465–4326. 

Instructions: You must include 

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

0341’’ 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. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

On January 5, 2022, the OCC 

published a 60-day notice for this 

information collection, 87 FR 538. 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’’ 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 by OMB control number 

‘‘1557–0341’’ or ‘‘Covered Savings 

Associations.’’ 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, OCC 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 the 

Office of Management and Budget 

(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 that OMB extend its approval of the 

information collection requirements in 

this notice. 

Abstract: The Home Owners’ Loan 

Act (HOLA), as amended by the 

Economic Growth, Regulatory Relief, 

and Consumer Protection Act 

(EGRRCPA), allows a Federal savings 

association (FSA) with total 

consolidated assets of $20 billion or 

less, as of December 31, 2017, to elect 

to operate as a covered savings 

association (CSA). This section of HOLA 

requires the OCC to issue rules that, 

among other things, establish 

streamlined standards and procedures 

for FSA elections to operate as CSAs 

and clarify the requirements for the 

treatment of CSAs. A CSA has the same 

rights and privileges as a national bank 

and is subject to the same duties and 

restrictions as a national bank. 

Twelve CFR part 101 allows FSAs to 

elect national bank powers and operate 

as CSAs. An FSA seeking to operate as 

a CSA is required, under 12 CFR 

101.3(a), to submit a notice making an 

election to the OCC that: (1) Is signed by 

a duly authorized officer of the FSA; 

and (2) identifies and describes any 

nonconforming subsidiaries, assets, or 

activities that the FSA operates, holds, 

or conducts at the time it submits its 

notice. 

Under 12 CFR 101.5(a), the OCC may 

require a CSA to submit a plan to divest, 

conform, or discontinue a 

nonconforming subsidiary, asset, or 

activity. 

A CSA may submit a notice to 

terminate its election to operate as a 

CSA under 12 CFR 101.6 using 

procedures similar to those for an 

election. In addition, an FSA that has 

terminated its election to operate as a 

CSA may, after a period of five years, 

submit a notice under 12 CFR 101.7 to 

reelect using the same procedures used 

for its original election. 

Title of Collection: Covered Savings 

Associations. 

OMB Control No.: 1557–0341. 

Election, Termination, Reelection: 

Estimated Number of Respondents: 

267. 

Estimated Burden per Respondent: 1 

hour. 


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Federal Register / Vol. 87, No. 52 / Thursday, March 17, 2022 / Notices 15305 

Estimated Annual Burden: 267 hours. 

Plan to Divest: 

Estimated Number of Respondents: 

25. 

Estimated Burden per Respondent: 2 

hours. 

Estimated Annual Burden: 50 hours. 

Total Annual Burden: 317 hours. 

On January 5, 2022, the OCC 

published a 60-day notice for this 

information collection, 87 FR 538. 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 

estimates 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. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–05680 Filed 3–16–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Notice of OFAC Sanctions Actions 

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 persons or property 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 are blocked, and U.S. persons 

are generally prohibited from engaging 

in transactions with them. Additionally, 

OFAC is publishing updates to the 

identifying information of two persons 

currently included on the SDN List and 

one person on the Non-SDN Menu 

Based Sanctions List. 

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 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 Actions 

A. On March 11, 2022, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following persons are 

blocked and also identified the 

following property as blocked under the 

relevant sanctions authority listed 

below. 

BILLING CODE 4810–AL–P 


khammond on DSKJM1Z7X2PROD with NOTICES