The Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury is issuing this interim final rule, "Economic Sanctions Enforcement Procedures for Banking Institutions," along with a request for comments. This interim final rule supercedes OFAC's proposed rule of January 29, 2003,\1\ to the extent that the proposed rule applies to "banking institutions," as defined below. These administrative procedures are published as an appendix to the Reporting, Procedures and Penalties Regulations, 31 CFR Part 501. ---------------------------------------------------------------------------