Proposed Collection; Comment Request for Reporting and Procedures Regulations, 4398-4399 [E6-978]

Download as PDF 4398 Federal Register / Vol. 71, No. 17 / Thursday, January 26, 2006 / Notices Sidney Strickland and Associates, PLLC, 3050 K Street, N.W., Suite 101, Washington, DC 20007. If the verified notice contains false or misleading information, the exemption is void ab initio. BNSF has filed environmental and historic reports that address the effects, if any, of the abandonment on the environment and historic resources. SEA will issue an environmental assessment (EA) by January 31, 2006. Interested persons may obtain a copy of the EA by writing to SEA (Room 500, Surface Transportation Board, Washington, DC 20423–0001) or by calling SEA, at (202) 565–1539. [Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at 1– 800–877–8339.] Comments on environmental and historic preservation matters must be filed within 15 days after the EA becomes available to the public. Environmental, historic preservation, public use, or trail use/rail banking conditions will be imposed, where appropriate, in a subsequent decision. Pursuant to the provisions of 49 CFR 1152.29(e)(2), BNSF shall file a notice of consummation with the Board to signify that it has exercised the authority granted and fully abandoned the line. If consummation has not been effected by BNSF’s filing of a notice of consummation by January 26, 2007, and there are no legal or regulatory barriers to consummation, the authority to abandon will automatically expire. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: January 20, 2006. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E6–989 Filed 1–25–06; 8:45 am] Fiscal Service Surety Companies Acceptable on Federal Bonds: Amendment—ACSTAR Insurance Company Financial Management Service, Fiscal Service, Department of the Treasury. ACTION: Notice. rwilkins on PROD1PC63 with NOTICES AGENCY: SUMMARY: This is Supplement No. 6 to the Treasury Department Circular 570; 2005 Revision, published July 1, 2005, at 70 FR 38502. Jkt 205001 Dated: January 13, 2006. Vivian L. Cooper, Director, Financial Accounting and Services Division, Financial Management Service. [FR Doc. 06–713 Filed 1–25–06; 8:45 am] BILLING CODE 4810–35–M DEPARTMENT OF THE TREASURY bond-approving officers may let such bonds run to expiration and need not secure new bonds. However, no new bonds should be accepted from the Company. In addition, bonds that are continuous in nature should not be renewed. The Circular may be viewed and downloaded through the Internet at http://www.fms.treas.gov/c570. A hard copy may be purchased from the government Printing Office (GPO), Subscription Service, Washington, DC, telephone (202) 512–1800. When ordering the Circular from GPO, use the following stock number: 769–004– 05219–0. Questions concerning this notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety Bond Branch, 3700 East-West Highway, Room 6F01, Hyattsville, MD 20782. Vivian L. Cooper, Director, Financial Accounting and Services Division, Financial Management Service. [FR Doc. 06–714 Filed 1–25–06; 8:45 am] BILLING CODE 4810–35–M DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Proposed Collection; Comment Request for Reporting and Procedures Regulations Office of Foreign Assets Control, Treasury. ACTION: Notice and request for comments. AGENCY: Fiscal Service Surety Companies Acceptable on Federal Bonds: Termination—United Coastal Insurance Company Financial Management Service, Fiscal Service, Department of the Treasury. ACTION: Notice. DEPARTMENT OF THE TREASURY 16:10 Jan 25, 2006 Surety Bond Branch at (202) 874–7102. SUPPLEMENTARY INFORMATION: The underwriting limitation for ACSTAR Insurance Company, which was listed in the Treasury Department Circular 570, published on July 1, 2005, is hereby amended to read $2,737,000. Federal bond-approving officers should annotate their reference copies of the Treasury Circular 570, 2005 Revision, at 70 FR 38503 to reflect this change, effective today. The Circular may be viewed and downloaded through the Internet http:// www.fms.treas.gov/c570. A hard copy may be purchased from the Government Printing Office (GPO), Subscription Service, Washington, DC, telephone (202) 512–1800. When ordering the Circular from GPO, use the following stock number: 769–004–0521–0. Questions concerning this Notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety Bond Branch, 3700 East-West Highway, Room 6F01, Hyattsville, MD 20782. AGENCY: BILLING CODE 4915–01–P VerDate Aug<31>2005 FOR FURTHER INFORMATION CONTACT: SUMMARY: This is Supplement No. 5 to the Treasury Department Circular 570; 2005 Revision, published July 1, 2005, at 70 FR 38502. FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874–7102. SUPPLEMENTARY INFORMATION: Notice is hereby given that the Certificate of Authority issued by the Treasury to the above named Company under the United States Code, title 31, Sections 9304–9308, to qualify as an acceptable surety on Federal bonds is terminated effective today. The Company was last listed as an acceptable surety on Federal bonds at 70 FR 38502 on page 38542, July 1, 2005. With respect to any bonds currently in force with above listed company, PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 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 proposed and/or 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 Office of Foreign Assets Control (‘‘OFAC’’) within the Department of the Treasury is soliciting comments concerning OFAC’s information collection requirements contained within OFAC’s Reporting, Procedures and Penalties Regulations set forth at 31 CFR part 501. DATES: Written comments should be received on or before March 27, 2006, to be assured of consideration. ADDRESSES: Direct all written comments to ‘‘Paperwork Reduction Act’’ care of the Licensing Division, Office of Foreign Assets Control, Department of the E:\FR\FM\26JAN1.SGM 26JAN1 rwilkins on PROD1PC63 with NOTICES Federal Register / Vol. 71, No. 17 / Thursday, January 26, 2006 / Notices Treasury, 1500 Pennsylvania Avenue, NW., Annex—2d Floor, Washington, DC 20220. FOR FURTHER INFORMATION CONTACT: Requests for additional information about the filings or procedures should be directed to the Licensing Division, Office of Foreign Assets Control, Department of the Treasury, 1500 Pennsylvania Avenue, NW., Annex—2d Floor, Washington, DC 20220. SUPPLEMENTARY INFORMATION: Title: Reporting, Procedures and Penalties Regulations. OMB Number: 1505–0164. Agency Form Number: TD–F–90– 22.50. Abstract: The collections of information are contained in §§ 501.601 through 501.605, 501.801, and 501.803 through 501.807 and pertain to the operation of various economic sanctions programs administered by OFAC under 31 CFR Chapter V. Section 501.601 relates to the maintenance of records and § 501.602 relates to OFAC demands for information relative to any transaction or property subject to the provisions of 31 CFR Chapter V. Section 501.603 imposes reporting requirements pertaining to blocked assets and retained funds transfers. This information is required by OFAC to monitor compliance with regulatory requirements, to support diplomatic negotiations concerning the targets of sanctions, and to support settlement negotiations addressing U.S. claims. Section 501.604 requires the filing of reports for compliance purposes by U.S. financial institutions where a funds transfer is not required to be blocked but is rejected because the underlying transaction is otherwise prohibited. Section 501.605 requires reporting of information pertaining to litigation, arbitration, and other binding alternative dispute resolution proceedings in the United States to prevent the intentional or inadvertent transfer through such proceedings of blocked property or retained funds. Sections 501.801 and 501.803 through 501.805 relate to license requests; the amendment, modification or revocation of licenses; rulemaking; and document requests. Section 501.806 sets forth the procedures to be followed by a person seeking to have funds released at a financial institution if the person believes that the funds were blocked due to mistaken identity. Section 501.807 sets forth the procedures to be followed by persons seeking administrative reconsideration of their designation or that of a vessel as blocked, or who wish to assert that the VerDate Aug<31>2005 16:10 Jan 25, 2006 Jkt 205001 circumstances resulting in the designation are no longer applicable. The likely respondents and recordkeepers affected by the information collections contained in part 501 are financial institutions, business organizations, and legal representatives. The estimated total annual reporting and/or recordkeeping burden is approximately 26,250 hours. The estimated annual burden per respondent/record keeper varies from thirty minutes to 10 hours, depending on individual circumstances, with an estimated average of 1.25 hours. The estimated number of respondents and/or record keepers is 21,000. The estimated annual frequency of responses: 1–12. Current Actions: There are no changes being made to the notice at this time. Type of Review: Extension of a currently approved collection. Affected Public: Financial institutions, business organizations, and legal representatives. Estimated Number of Respondents: 21,000. Estimated Time Per Respondent: 1.25 hours. Estimated Total Annual Burden Hours: 26,250. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained for five years. 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 functions of the agency, 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; (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. PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 4399 Approved: January 20, 2006. Jamal El-Hindi, Associate Director, Program Policy & Implementation, Office of Foreign Assets Control. [FR Doc. E6–978 Filed 1–25–06; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 5472 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: 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 proposed and/or 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 IRS is soliciting comments concerning Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. DATES: Written comments should be received on or before March 27, 2006 to be assured of consideration. ADDRESSES: Direct all written comments to Glenn P Kirkland, Internal Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to R. Joseph Durbala, at (202) 622–3634, Internal Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224 or through the Internet at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. OMB Number: 1545–0805. Form Number: 5472. Abstract: Form 5472 is used to report information about transactions between a U.S. corporation that is 25% foreign owned or a foreign corporation that is engaged in a U.S. trade or business and related foreign parties. The IRS uses Form 5472 to determine if inventory or other costs deducted by the U.S. or foreign corporation are correct. E:\FR\FM\26JAN1.SGM 26JAN1

Agencies

[Federal Register Volume 71, Number 17 (Thursday, January 26, 2006)]
[Notices]
[Pages 4398-4399]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-978]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Proposed Collection; Comment Request for Reporting and Procedures 
Regulations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 proposed and/or 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 Office of Foreign Assets Control 
(``OFAC'') within the Department of the Treasury is soliciting comments 
concerning OFAC's information collection requirements contained within 
OFAC's Reporting, Procedures and Penalties Regulations set forth at 31 
CFR part 501.

DATES: Written comments should be received on or before March 27, 2006, 
to be assured of consideration.

ADDRESSES: Direct all written comments to ``Paperwork Reduction Act'' 
care of the Licensing Division, Office of Foreign Assets Control, 
Department of the

[[Page 4399]]

Treasury, 1500 Pennsylvania Avenue, NW., Annex--2d Floor, Washington, 
DC 20220.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
about the filings or procedures should be directed to the Licensing 
Division, Office of Foreign Assets Control, Department of the Treasury, 
1500 Pennsylvania Avenue, NW., Annex--2d Floor, Washington, DC 20220.

SUPPLEMENTARY INFORMATION:
    Title: Reporting, Procedures and Penalties Regulations.
    OMB Number: 1505-0164.
    Agency Form Number: TD-F-90-22.50.
    Abstract: The collections of information are contained in 
Sec. Sec.  501.601 through 501.605, 501.801, and 501.803 through 
501.807 and pertain to the operation of various economic sanctions 
programs administered by OFAC under 31 CFR Chapter V. Section 501.601 
relates to the maintenance of records and Sec.  501.602 relates to OFAC 
demands for information relative to any transaction or property subject 
to the provisions of 31 CFR Chapter V. Section 501.603 imposes 
reporting requirements pertaining to blocked assets and retained funds 
transfers. This information is required by OFAC to monitor compliance 
with regulatory requirements, to support diplomatic negotiations 
concerning the targets of sanctions, and to support settlement 
negotiations addressing U.S. claims. Section 501.604 requires the 
filing of reports for compliance purposes by U.S. financial 
institutions where a funds transfer is not required to be blocked but 
is rejected because the underlying transaction is otherwise prohibited. 
Section 501.605 requires reporting of information pertaining to 
litigation, arbitration, and other binding alternative dispute 
resolution proceedings in the United States to prevent the intentional 
or inadvertent transfer through such proceedings of blocked property or 
retained funds. Sections 501.801 and 501.803 through 501.805 relate to 
license requests; the amendment, modification or revocation of 
licenses; rulemaking; and document requests. Section 501.806 sets forth 
the procedures to be followed by a person seeking to have funds 
released at a financial institution if the person believes that the 
funds were blocked due to mistaken identity. Section 501.807 sets forth 
the procedures to be followed by persons seeking administrative 
reconsideration of their designation or that of a vessel as blocked, or 
who wish to assert that the circumstances resulting in the designation 
are no longer applicable.
    The likely respondents and recordkeepers affected by the 
information collections contained in part 501 are financial 
institutions, business organizations, and legal representatives. The 
estimated total annual reporting and/or recordkeeping burden is 
approximately 26,250 hours. The estimated annual burden per respondent/
record keeper varies from thirty minutes to 10 hours, depending on 
individual circumstances, with an estimated average of 1.25 hours. The 
estimated number of respondents and/or record keepers is 21,000. The 
estimated annual frequency of responses: 1-12.
    Current Actions: There are no changes being made to the notice at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Financial institutions, business organizations, 
and legal representatives.
    Estimated Number of Respondents: 21,000.
    Estimated Time Per Respondent: 1.25 hours.
    Estimated Total Annual Burden Hours: 26,250.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained for five 
years.

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 functions of the agency, 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; (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.

    Approved: January 20, 2006.
Jamal El-Hindi,
Associate Director, Program Policy & Implementation, Office of Foreign 
Assets Control.
 [FR Doc. E6-978 Filed 1-25-06; 8:45 am]
BILLING CODE 4810-25-P