Agency Information Collection Activities; Submission for OMB Review; Comment Request, 5410-5411 [E6-1221]

Download as PDF 5410 Federal Register / Vol. 71, No. 21 / Wednesday, February 1, 2006 / Notices Financial Crimes Enforcement Network (FinCEN) OMB Number: 1506–0029. Type of Review: Revision. Title: Suspicious Activity Report by Insurance Companies. Form: FinCEN form 108. Description: 31 CFR 103.16 requires insurance companies to report suspicious activities to the Financial Crimes Enforcement Network. FinCEN form 108 is an aid to this required reporting providing the filer with a guide in completing this reporting requirement. Respondents: Business or other forprofit. Estimated Total Reporting Burden: 14,400 hours. Clearance Officer: Russell Stephenson, (202) 354–6012, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. OMB Reviewer: Alexander T. Hunt, (202) 395–7316, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. Michael A. Robinson, Treasury PRA Clearance Officer. [FR Doc. E6–1334 Filed 1–31–06; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities; Submission for OMB Review; Comment Request Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. cchase on PROD1PC60 with NOTICES AGENCY: SUMMARY: The OCC, 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 a continuing information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. The OCC is soliciting comment concerning its information collection titled, ‘‘Recordkeeping Requirements for Securities Transactions—12 CFR part 12.’’ The OCC also gives notice that it has sent the information collection to OMB for review and approval. DATES: You should submit comments by March 3, 2006. VerDate Aug<31>2005 17:49 Jan 31, 2006 Jkt 208001 Communications Division, Office of the Comptroller of the Currency, Public Information Room, Mailstop 1–5, Attention: 1557–0142, 250 E Street, SW., Washington, DC 20219. In addition, comments may be sent by fax to (202) 874–4448, or by electronic mail to regs.comments@occ.treas.gov. You can inspect and photocopy the comments at the OCC’s Public Information Room, 250 E Street, SW., Washington, DC 20219. You can make an appointment to inspect the comments by calling (202) 874–5043. Additionally, you should send a copy of your comments to OCC Desk Officer, 1557–0142, by mail to U.S. Office of Management and Budget, 725, 17th Street, NW., #10235, Washington, DC 20503, or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: You can request additional information or a copy of the collection from Mary Gottlieb, OCC Clearance Officer, or Camille Dixon, (202) 874–5090, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval of the following information collection: Title: Recordkeeping Requirements for Securities Transactions—12 CFR part 12. OMB Number: 1557–0142. Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection requirements. The only revisions to the submission are the revised estimates, which have been updated for accuracy. The information collection requirements in 12 CFR part 12 are required to ensure national bank compliance with securities laws and to improve the protection afforded persons who purchase and sell securities through banks. The transaction confirmation information provides customers with a record regarding the transaction and provides banks and the OCC with records to ensure compliance with banking and securities laws and regulations. The OCC uses the required information in its examinations to, among other things, evaluate a bank’s compliance with the antifraud provisions of the Federal securities laws. The information collection requirements contained in 12 CFR part 12 are as follows: Section 12.3 requires a national bank effecting securities transactions for customers to maintain records for at least three years. The ADDRESSES: PO 00000 Frm 00179 Fmt 4703 Sfmt 4703 records required by this section must clearly and accurately reflect the information required and provide an adequate basis for the audit of the information. Section 12.4 requires a national bank to give or send to the customer a written notification of transaction or a copy of the registered broker/dealer confirmation relating to the securities transaction. Sections 12.5(a), (b), (c), and (e) allow national banks, as an alternative to complying with § 12.4, to elect to provide alternative forms of notification to customers for certain transactions in accounts in which the bank does not exercise investment discretion, trust transactions, agency transactions and periodic plan transactions. Sections 12.7(a)(1) through (a)(3) require a national bank to develop and maintain written securities trading policies and procedures. Section 12.7(a)(4) requires bank officers and employees to report to the bank all personal transactions in securities made by them or on their behalf in which they have a beneficial interest, if certain conditions are met. Section 12.8 requires a national bank to file a written request with the OCC for a waiver of one or more of the requirements set forth in §§ 12.2 through 12.7. On November 25, 2005, the OCC published in the Federal Register (70 FR 71189) a notice concerning the renewal of this information collection. The OCC received no public comments and is now submitting its request to OMB for approval. Type of Review: Revision of a currently approved collection. Affected Public: Individuals; Businesses or other for-profit. Estimated Number of Respondents: 585. Estimated Total Annual Responses: 2,369. Frequency of Response: On occasion. Estimated Total Annual Burden: 3,207 hours. 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 on respondents, including through the use of automated collection techniques or other forms of information technology; and E:\FR\FM\01FEN1.SGM 01FEN1 Federal Register / Vol. 71, No. 21 / Wednesday, February 1, 2006 / Notices (e) Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. Dated: January 25, 2006. Stuart Feldstein, Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. E6–1221 Filed 1–31–06; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service [IA–17–90] Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. cchase on PROD1PC60 with NOTICES 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 an existing final regulation, IA–17–90 (TD 8571), Reporting Requirements for Recipients of Points Paid on Residential Mortgages (§§ 1.6050H–1 and 1.6050H– 2). DATES: Written comments should be received on or before April 3, 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 this regulation should be directed to R. Joseph Durbala, at (202) 622–3634, Internal Revenue Service, room 6407, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the internet at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: Reporting Requirements for Recipients of Points Paid on Residential Mortgages. OMB Number: 1545–1380. Regulation Project Number: IA–17– 90. Abstract: These regulations require the reporting of certain information relating to payments of mortgage interest. Taxpayers must separately state VerDate Aug<31>2005 17:49 Jan 31, 2006 Jkt 208001 on Form 1098 the amount of points and the amount of interest (other than points) received during the taxable year on a single mortgage and must provide to the payer of the points a separate statement setting forth the information being reported to the IRS. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 37,644. Estimated Time Per Respondent: 7 hrs., 31 minutes. Estimated Total Annual Burden Hours: 283,056. 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 as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. 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 shall have 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 23, 2006. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E6–1228 Filed 1–31–06; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00180 Fmt 4703 Sfmt 4703 5411 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Schedule F, Part I and II (Form 1040) 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 Schedule F, Part I and II (Form 1040), Profit or Loss From Farming. DATES: Written comments should be received on or before April 3, 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, (202) 622–3634, at Internal Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: Profit or Loss From Farming. OMB Number: 1545–1975. Form Number: Schedule F, Part I and II (Form 1040). Abstract: Schedule F, Part I and II (Form 1040) is used by individuals to report their Farm Income. The data is used to verify that the items reported on the form are correct and also for general statistical use. Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only. Type of Review: Extension of a currently approved collection. Affected Public: Businesses and other for-profit organizations, Farming. Estimated Number of Respondents: 1,323,640. Estimated Time Per Respondent: 5 hours 53 minutes. Estimated Total Annual Burden Hours: 7,796,240. E:\FR\FM\01FEN1.SGM 01FEN1

Agencies

[Federal Register Volume 71, Number 21 (Wednesday, February 1, 2006)]
[Notices]
[Pages 5410-5411]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-1221]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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

SUMMARY: The OCC, 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 a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless it displays a 
currently valid OMB control number. The OCC is soliciting comment 
concerning its information collection titled, ``Recordkeeping 
Requirements for Securities Transactions--12 CFR part 12.'' The OCC 
also gives notice that it has sent the information collection to OMB 
for review and approval.

DATES: You should submit comments by March 3, 2006.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0142, 
250 E Street, SW., Washington, DC 20219. In addition, comments may be 
sent by fax to (202) 874-4448, or by electronic mail to 
regs.comments@occ.treas.gov. You can inspect and photocopy the comments 
at the OCC's Public Information Room, 250 E Street, SW., Washington, DC 
20219. You can make an appointment to inspect the comments by calling 
(202) 874-5043.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer, 1557-0142, by mail to U.S. Office of Management and Budget, 
725, 17th Street, NW., 10235, Washington, DC 20503, or by fax 
to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary Gottlieb, OCC Clearance Officer, 
or Camille Dixon, (202) 874-5090, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 250 E Street, SW., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection:
    Title: Recordkeeping Requirements for Securities Transactions--12 
CFR part 12.
    OMB Number: 1557-0142.
    Description: This submission covers an existing regulation and 
involves no change to the regulation or to the information collection 
requirements. The only revisions to the submission are the revised 
estimates, which have been updated for accuracy.
    The information collection requirements in 12 CFR part 12 are 
required to ensure national bank compliance with securities laws and to 
improve the protection afforded persons who purchase and sell 
securities through banks. The transaction confirmation information 
provides customers with a record regarding the transaction and provides 
banks and the OCC with records to ensure compliance with banking and 
securities laws and regulations. The OCC uses the required information 
in its examinations to, among other things, evaluate a bank's 
compliance with the antifraud provisions of the Federal securities 
laws.
    The information collection requirements contained in 12 CFR part 12 
are as follows: Section 12.3 requires a national bank effecting 
securities transactions for customers to maintain records for at least 
three years. The records required by this section must clearly and 
accurately reflect the information required and provide an adequate 
basis for the audit of the information. Section 12.4 requires a 
national bank to give or send to the customer a written notification of 
transaction or a copy of the registered broker/dealer confirmation 
relating to the securities transaction.
    Sections 12.5(a), (b), (c), and (e) allow national banks, as an 
alternative to complying with Sec.  12.4, to elect to provide 
alternative forms of notification to customers for certain transactions 
in accounts in which the bank does not exercise investment discretion, 
trust transactions, agency transactions and periodic plan transactions.
    Sections 12.7(a)(1) through (a)(3) require a national bank to 
develop and maintain written securities trading policies and 
procedures.
    Section 12.7(a)(4) requires bank officers and employees to report 
to the bank all personal transactions in securities made by them or on 
their behalf in which they have a beneficial interest, if certain 
conditions are met.
    Section 12.8 requires a national bank to file a written request 
with the OCC for a waiver of one or more of the requirements set forth 
in Sec. Sec.  12.2 through 12.7.
    On November 25, 2005, the OCC published in the Federal Register (70 
FR 71189) a notice concerning the renewal of this information 
collection. The OCC received no public comments and is now submitting 
its request to OMB for approval.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Individuals; Businesses or other for-profit.
    Estimated Number of Respondents: 585.
    Estimated Total Annual Responses: 2,369.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 3,207 hours.
    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 on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and

[[Page 5411]]

    (e) Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: January 25, 2006.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
 [FR Doc. E6-1221 Filed 1-31-06; 8:45 am]
BILLING CODE 4810-33-P