97-3762. Information Collection; Comment Request

[Federal Register Volume 62, Number 31 (Friday, February 14, 1997)]
[Notices]
[Pages 7089-7090]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-3762]


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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control


Information Collection; Comment Request

ACTION: Federal Register pre-clearance notice.

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SUMMARY: The Department of the Treasury, 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 continuing information collections, as required by the Paperwork 
Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). 
currently, the Treasury Department's Office of Foreign Assets Control 
is soliciting comments concerning the information collection provisions 
of the Terrorism List Governments Sanctions Regulations, 31 C.F.R. Part 
596 (the ``Regulations''), 31 C.F.R. 596.601, 596.602, 596.603 and 
596.801.

DATES: Written comments should be received on or before April 15, 1997 
to be assured of consideration.

ADDRESSES: Direct all written comments to Dorene F. Erhard, Sr. 
Sanctions Advisor, Office of Foreign Assets Control, U.S. Department of 
the Treasury, 1500 Pennsylvania Avenue, NW, Washington, DC 20220, 
(tel.: [phone]). Internet Address: [e-mail].

FOR FURTHER INFORMATION CONTACT:
Steven I. Pinter, Chief, Licensing Division (tel.: [phone]); 
Dennis P. Wood, Chief, Compliance Programs Division (tel.: 202-622-
2490); or William B. Hoffman, Chief Counsel (tel.: [phone]); 
Office of Foreign Assets Control, U.S. Department of the Treasury, 
Washington, DC 20220.

SUPPLEMENTARY INFORMATION:

    Title: Terrorism List Government Sanctions Regulations.
    OMB Number: 1505-0161.
    Abstract: Sections 596.601, 596.602, 596.603 and 596.801 impose

[[Page 7090]]

information collection requirements subject to the Paperwork Reduction 
Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Section 
596.601 requires persons engaging in transactions subject to the 
Regulations to retain full and accurate records of such transactions 
for at least two years. Section 596.602 authorizes OFAC to require 
persons entering into transactions subject to the Regulations to report 
on such transactions as requested. Section 596.603d requires financial 
institutions to report to OFAC any time they reject an incoming 
transaction that is subject to the Regulations. Section 575.801 
provides for the issuance of general licenses for certain transactions 
which are subject to the prohibitions of the Regulations, and provides 
for the issuance of specific licenses in unique or limited situations.
    Current Actions: Extension.
    Type of Review: Extension.
    Affected Public: Businesses and other for-profit institutions/
banking institutions/individuals.
    Estimated Number of Respondents: 100 respondents.
    Estimated Time of Respondent: 1 hour to process.
    Estimated Annual Burden Hours: 100 hours.

Request for Comments

    Comments submitted in response to this notice will be summarized 
and/or 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 agency's functions, including whether the information has 
practical utility; (b) the accuracy of the agency'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; and 
(d) ways to minimize the burden of the collection of information 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.

    Dated: February 3, 1997.
William B. Hoffman,
Chief Counsel, Office of Foreign Assets Control, U.S. Department of the 
Treasury.
[FR Doc. 97-3762 Filed 2-13-97; 8:45 am]
BILLING CODE 4810-25-M