Federal Register / Vol. 86, No. 131 / Tuesday, July 13, 2021 / Notices 36863 

1On March 17, 2021, the OCC published a 60-day 

notice for this information collection, 86 FR 14681. 

• Email: PRA_BurdenComments@

state.gov. 

• Phone: Dylan Aikens at 202–485– 

7586. 

You must include the DS form 

number (if applicable), information 

collection title, and OMB control 

number in any correspondence. 

SUPPLEMENTARY INFORMATION: 

• Title of Information Collection: 

Petition to Classify Special Immigrant 

Under INA 203(b)(4) as Employee or 

Former Employee of the U.S. 

Government Abroad. 

• OMB Control Number: 1405–0082. 

• Type of Request: Extension of a 

Currently Approved Collection. 

• Originating Office: CA/VO. 

• Form Number: DS–1884. 

• Respondents: Aliens petitioning for 

immigrant visas under INA 203(b)(4) as 

a special immigrant described in INA 

section 101(a)(27)(D). 

• Estimated Number of Respondents: 

600. 

• Estimated Number of Responses: 

600. 

• Average Time per Response: 10 

minutes. 

• Total Estimated Burden Time: 100 

hours. 

• Frequency: Once per petition. 

• Obligation to Respond: Required to 

Obtain or Retain a Benefit. 

We are soliciting public comments to 

permit the Department to: 

• Evaluate whether the proposed 

information collection is necessary for 

the proper functions of the Department. 

• Evaluate the accuracy of our 

estimate of the time and cost burden for 

this proposed collection, including the 

validity of the methodology and 

assumptions used. 

• Enhance the quality, utility, and 

clarity of the information to be 

collected. 

• Minimize the reporting burden on 

those who are to respond, including the 

use of automated collection techniques 

or other forms of information 

technology. 

Please note that comments submitted 

in response to this Notice are public 

record. Before including any detailed 

personal information, you should be 

aware that your comments as submitted, 

including your personal information, 

will be available for public review. 

Abstract of Proposed Collection 

DS–1884 solicits information from 

petitioners claiming employment-based 

immigrant visa preference under section 

203(b)(4) of the Immigration and 

Nationality Act on the basis of 

qualification as a special immigrant 

described in section 101(a)(27)(D) of the 

Immigration and Nationality Act. A 

petitioner may file the DS–1884 petition 

within one year of notification by the 

Department of State that the Secretary 

has approved a recommendation for 

special immigrant status. DS–1884 

solicits information that will assist the 

consular officer in ensuring that the 

petitioner is statutorily qualified to 

receive such status, including meeting 

the years of service and exceptional 

service requirements. 

Methodology 

The petitioner can obtain the form 

from consular posts abroad or through 

the Department’s website, 

travel.state.gov. The application 

available on the Department’s website 

allows an applicant to complete the 

application electronically and then print 

the application and submit it to post. 

Kevin E. Bryant, 

Deputy Director, Office of Directives 

Management, Department of State. 

[FR Doc. 2021–14825 Filed 7–12–21; 8:45 am] 

BILLING CODE 4710–06–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Submission for OMB Review; 

Libor Self-Assessment 

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 the 

general public and other Federal 

agencies to take this opportunity to 

comment on a new 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 renewal 

of a collection of information titled, 

‘‘Libor Self-Assessment.’’ The OCC also 

is giving notice that it has sent the 

collection to OMB for review. 

DATES: Comments must be submitted on 

or before August 12, 2021. 

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– 

0349, 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– 

0349’’ 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 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. 

You may review comments and other 

related materials that pertain to this 

information collection 1 following the 

close of the 30-day comment period for 

this notice by the following method: 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Click on the 

‘‘Information Collection Review’’ tab. 

Underneath the ‘‘Currently under 

Review’’ section heading, from the dropdown menu select ‘‘Department of 

Treasury’’ and then click ‘‘submit.’’ This 

information collection can be located by 

searching by OMB control number 

‘‘1557–0349’’ or ‘‘Libor SelfAssessment.’’ 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, 


jbell on DSKJLSW7X2PROD with NOTICES
36864 Federal Register / Vol. 86, No. 131 / Tuesday, July 13, 2021 / Notices 

2https://www.federalreserve.gov/newsevents/ 

pressreleases/files/bcreg20201130a1.pdf. 

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

Office of the Comptroller of the 

Currency, 400 7th Street SW, 

Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501–3520), 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. OCC asks 

that OMB extend its approval of this 

collection. 

Title: Libor Self-Assessment. 

OMB Control No.: 1557–0349. 

Type of Review: Regular. 

Description: The expected cessation of 

the London InterBank Offered Rate 

(Libor) prompted the OCC to create a 

self-assessment tool for banks to use in 

preparing for the expected Libor 

cessation. The self-assessment tool may 

be used in assessing the appropriateness 

of a bank’s Libor transition plan, in the 

execution of the plan by its 

management, and in related matters. 

The Intercontinental Exchange Libor 

is a reference rate that is intended to 

reflect the cost of unsecured interbank 

borrowing. Libor is published daily in 

five currencies with seven maturities 

ranging from overnight to 12 months. It 

is used globally in the over-the-counter 

derivatives market, bonds, loan 

products, and securitizations. As of the 

end of 2016, $199 trillion of financial 

instruments were exposed to U.S. dollar 

(USD) Libor as the primary reference 

rate. 

While certain reference rates have 

ceased to be reported in the past, the 

significant exposure of the financial 

markets to Libor creates the need for 

banks to assess whether they are 

identifying applicable risks, preparing 

for the cessation, and successfully 

transitioning to replacement rates. Libor 

is referenced globally, and its cessation 

could affect banks of all sizes through 

direct or indirect exposure. 

There is risk of market disruptions, 

litigation, and destabilized balance 

sheets if acceptable replacement rates 

do not attract sufficient market-wide 

acceptance or if contracts cannot 

seamlessly transition to new rates. A 

bank’s risk exposure from expected 

Libor cessation depends on the bank’s 

specific circumstances. Many 

community banks may not offer 

products or services that use Libor. 

However, community banks could have 

Libor exposure in positions such as 

Federal Home Loan Bank (FHLB) 

borrowings, mortgage-backed securities, 

or bonds in the banks’ investment 

portfolios. 

Libor exposure can exist in all 

product categories and lines of business, 

both on or off the balance sheet, and in 

asset management activities. Risk can 

also emanate from third-party 

relationships because Libor is often 

used in pricing models, financial 

models, and in other parts of banks’ 

infrastructure, such as core processing. 

The ubiquity of Libor, present in over 

$200T notional contracts, makes moving 

off the rate incredibly complicated. 

Many existing contracts do not include 

sufficient provisions in the event that 

Libor becomes unavailable (known as 

fallback provisions). Without adequate 

preparation, Libor cessation could cause 

market disruption and present risks to 

banks and their customers. In addition, 

fallback provision language does not 

sufficiently account for a permanent 

cessation of Libor. The Federal banking 

agencies published a statement 

communicating that banks should 

discontinue entering into contracts that 

use USD Libor as a reference rate as 

soon as practicable and in any event by 

the end of 2021 (with a few exceptions 

for orderly market support).2

Given that the OCC expects banks to 

discontinue making Libor loans by the 

end of 2021, the prevalence of Libor, 

and the remaining work to be done 

within the timeframe described above, 

the OCC is requesting renewal of the 

emergency clearance for this selfassessment tool to be made available to 

banks due to the immediate need and 

the brief duration of use, to help banks 

prepare for Libor-related risk. 

Banks may use the self-assessment to 

determine whether they have risk 

management processes in place to 

identify and mitigate their Libor 

transition risks. Not all sections or 

questions will apply to all banks. 

Applicable risks (e.g., operational, 

compliance, strategic, and reputation) 

can be identified when scoping and 

completing Libor cessation 

preparedness assessments. 

Affected Public: Businesses or other 

for-profit. 

Burden Estimates: 

Estimated Number of Respondents: 

1,096. 

Estimated Annual Burden: 8,768 

hours. 

Frequency of Response: On occasion. 

Comments: On March 17, 2021, the 

OCC published a 60-day notice for this 

information collection, 86 FR 14681. No 

comments were received. Comments 

continue to be invited on: 

(a) Whether the collections of 

information are necessary for the proper 

performance of the OCC’s functions, 

including whether the information has 

practical utility; 

(b) The accuracy of the OCC’s 

estimates of the burden of the 

information collections, including the 

validity of the methodology and 

assumptions used; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; and 

(d) Ways to minimize the burden of 

information collections on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology. 

(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. 2021–14772 Filed 7–12–21; 8:45 am] 

BILLING CODE 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 

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 the 

general public and other Federal 

agencies to take this opportunity to 

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 

August 12, 2021. 


jbell on DSKJLSW7X2PROD with NOTICES