[Federal Register Volume 84, Number 39 (Wednesday, February 27, 2019)]
[Notices]
[Page 6465]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-03336]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Iranian Financial Sanctions Regulations Report 
on Closure by U.S. Financial Institutions of Correspondent Accounts and 
Payable-Through Accounts

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before March 29, 2019 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions 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 8100, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Jennifer Quintana by emailing [email protected], calling 
(202) 622-0489, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Departmental Offices (DO)

    Title: Iranian Financial Sanctions Regulations Report on Closure by 
U.S. Financial Institutions of Correspondent Accounts and Payable-
Through Accounts.
    OMB Control Number: 1505-0243.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This application is submitted to extend the 
information collection authority pertaining to the Iranian Financial 
Sanctions Regulations set forth in 31 CFR part 561 (the 
``Regulations''). 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 website (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.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 1.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 1.
    Estimated Time per Response: 2 hours.
    Estimated Total Annual Burden Hours: 2.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: February 21, 2019.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2019-03336 Filed 2-26-19; 8:45 am]
 BILLING CODE 4810-25-P