[Federal Register Volume 77, Number 169 (Thursday, August 30, 2012)]
[Notices]
[Page 52789]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-21406]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 27, 2012.
    The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before October 1, 2012 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestion for reducing 
the burden, to (1) Office of Information and Regulatory Affairs, Office 
of Management and Budget, Attention: Desk Officer for Treasury, New 
Executive Office Building, Room 10235, Washington, DC 20503, or email 
at [email protected] and (2) Treasury PRA Clearance Officer, 
1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or on-
line at www.PRAComment.gov.

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at [email protected], or the 
entire information collection request maybe found at www.reginfo.gov.

Office of Foreign Assets Control (OFAC)

    OMB Number: 1505-0170.
    Type of Review: Revision of a currently approved collection.
    Title: OFAC Application for the Release of Blocked Funds.
    Form: TD-F-90-22.54.
    Abstract: Transactions prohibited pursuant to the Trading With the 
Enemy Act, 50 U.S.C. App. 1-44, the International Emergency Economic 
Powers Act, 50 U.S.C. 1701 et seq., and other authorities may be 
authorized by means of specific licenses issued by the Office of 
Foreign Assets Control (``OFAC''). Such licenses are issued in response 
to applications submitted by persons whose property and interests in 
property have been blocked or who wish to engage in transactions that 
would otherwise be prohibited. The OFAC Application for the Release of 
Blocked Funds, which provides a standardized method of application for 
all applicants seeking the unblocking of funds, is available in 
electronic format on OFAC's Web site. Use of the form greatly 
facilitates and speeds applicants' submissions and OFAC's processing of 
such applications. By obviating the need for applicants to write 
lengthy letters to OFAC, this form reduces the overall burden of the 
application process. Since February 2000, use of the OFAC Application 
for the Release of Blocked Funds to apply for the unblocking of funds 
has been mandatory pursuant to a revision in OFAC's regulations at 31 
CFR 501.801.
    Affected Public: Private Sector: businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,500.
    OMB Number: 1505-0243.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Iranian Financial Sanctions Regulations Report on Closure by 
U.S. Financial Institutions of Correspondent Accounts and Payable-
Through Accounts.
    Abstract: Section 561.504(b) of the Iranian Financial Sanctions 
Regulations, 31 CFR part 561 (the ``IFSR''), specifies that a U.S. 
financial institution that maintained a correspondent account or 
payable-through account for a foreign financial institution whose name 
is added to the Part 561 List on OFAC's Web site (www.treasury.gov/ofac) as subject to a prohibition on the maintaining of such accounts 
must file a report with OFAC that provides full details on the closing 
of each such account within 30 days of the closure of the account. This 
collection of information assists in verifying that U.S. financial 
institutions are complying with prohibitions on maintaining 
correspondent accounts or payable through accounts for foreign 
financial institutions listed on the Part 561 List.
    Affected Public: Private Sector: businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012-21406 Filed 8-29-12; 8:45 am]
BILLING CODE 4810-25-P