Departmental Offices; Debt Management Advisory Committee Meeting, 19237 [06-3526]

Download as PDF HSRObinson on PROD1PC61 with NOTICES Federal Register / Vol. 71, No. 71 / Thursday, April 13, 2006 / Notices Type of Review: Extension. Title: EE–28–78 (Final) Inspection of Applications for Tax Exemption and Applications for Determination Letters for Pension and Other Plans. Description: Internal Revenue Code section 6104 requires applications for tax exempt status, annual reports of private foundations, and certain portions of returns to be open for public inspection. Some information may be withheld from disclosure. IRS needs the information to comply with requests for public inspection of the above-named documents. Respondents: Individuals or households; Business or other for-profit; Not-for-profit institutions. Estimated Total Burden Hours: 8,538 hours. OMB Number: 1545–1254. Type of Review: Extension. Title: Conclusive Presumption of Worthlessness of Debts Held by Banks (FI–34–91) (Final). Description: Paragraph (d)(3) of section 1.166–2 of the regulations allows banks and thrifts to elect to conform their tax accounting for bad debts with their regulatory accounting. An election, or revocation thereof, is a change in method of accounting. The collection of information required in section I.166–2(d)(3) is necessary to monitor the elections. Respondents: Business or other forprofit. Estimated Total Burden Hours: 50 hours. OMB Number: 1545–1809. Type of Review: Extension. Title: Credit for Employer-Provided Child Care Facilities and Services. Form: IRS Form 8882. Description: Qualified employers use Form 8882 to request a credit for employer-provided child care facilities and services. Section 45F provides credit based on costs incurred by an employer in providing childcare facilities and resource and referral services. The credit is 25% of the qualified childcare expenditures plus 10% of the qualified childcare resource and referral expenditures for the tax year, up to a maximum credit of $150,000 per tax year. Respondents: Individuals or households; Business or other for-profit. Estimated Total Burden Hours: 5,486,662 hours. OMB Number: 1545–1985. Type of Review: Extension. Title: Interview and Intake Sheet. Form: IRS Form 13614 SP. Description: This Spanish version of Form 13614 is used by screeners, preparers, or others involved in the return preparation process to more VerDate Aug<31>2005 14:20 Apr 12, 2006 Jkt 208001 accurately complete tax returns of Spanish speaking taxpayers having low to moderate incomes. These persons need assistance having their returns prepared so they can fully comply with the law. Respondents: Individuals or households; Business or other for-profit; Not-for-profit institutions; Federal Government. Estimated Total Burden Hours: 17,108 hours. Clearance Officer: Glenn P. Kirkland, (202) 622–3428, Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. 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. E6–5512 Filed 4–12–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Departmental Offices; Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, section 10(a)(2), that a meeting will be held at the Hay-Adams Hotel, 16th Street and Pennsylvania Avenue, NW., Washington, DC, on May 2, 2006 at 11:30 a.m. of the following debt management advisory committee: Treasury Borrowing Advisory Committee of The Bond Market Association (‘‘Committee’’). The agenda for the meeting provides for a charge by the Secretary of the Treasury or his designate that the Committee discuss particular issues, and a working session. Following the working session, the Committee will present a written report of its recommendations. The meeting will be closed to the public, pursuant to 5 U.S.C. App. 2, section 10(d) and Public Law 103–202, section 202(c)(1)(B)(31 U.S.C. 3121 note). This notice shall constitute my determination, pursuant to the authority placed in heads of agencies by 5 U.S.C. App. 2, section 10(d) and vested in me by Treasury Department Order No. 101– 05, that the meeting will consist of discussions and debates of the issues presented to the Committee by the Secretary of the Treasury and the making of recommendations of the Committee to the Secretary, pursuant to Public Law 103–202, section 202(c)(1)(B). Thus, this information is exempt from disclosure under that PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 19237 provision and 5 U.S.C. 552b(c)(3)(B). In addition, the meeting is concerned with information that is exempt from disclosure under 5 U.S.C. 552b(c)(9)(A). The public interest requires that such meetings be closed to the public because the Treasury Department requires frank and full advice from representatives of the financial community prior to making its final decisions on major financing operations. Historically, this advice has been offered by debt management advisory committees established by the several major segments of the financial community. When so utilized, such a committee is recognized to be an advisory committee under 5 U.S.C. App. 2, section 3. Although the Treasury’s final announcement of financing plans may not reflect the recommendations provided in reports of the Committee, premature disclosure of the Committee’s deliberations and reports would be likely to lead to significant financial speculation in the securities market. Thus, this meeting falls within the exemption covered by 5 U.S.C. 552b(c)(9)(A). Treasury staff will provide a technical briefing to the press on the day before the Committee meeting, following the release of a statement of economic conditions, financing estimates and technical charts. This briefing will give the press an opportunity to ask questions about financing projections and technical charts. The day after the Committee meeting, Treasury will release the minutes of the meeting, any charts that were discussed at the meeting, and the Committee’s report to the Secretary. The Office of Debt Management is responsible for maintaining records of debt management advisory committee meetings and for providing annual reports setting forth a summary of Committee activities and such other matters as may be informative to the public consistent with the policy of 5 U.S.C. 552(b). The Designated Federal Officer or other responsible agency official who may be contacted for additional information is Jeff Huther, Director, Office of Debt Management, at (202) 622–1868. Dated: April 7, 2006. James A. Clouse, Acting Deputy Assistant Secretary, Federal Finance. [FR Doc. 06–3526 Filed 4–12–06; 8:45 am] BILLING CODE 4810–25–M E:\FR\FM\13APN1.SGM 13APN1

Agencies

[Federal Register Volume 71, Number 71 (Thursday, April 13, 2006)]
[Notices]
[Page 19237]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-3526]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Debt Management Advisory Committee Meeting

    Notice is hereby given, pursuant to 5 U.S.C. App. 2, section 
10(a)(2), that a meeting will be held at the Hay-Adams Hotel, 16th 
Street and Pennsylvania Avenue, NW., Washington, DC, on May 2, 2006 at 
11:30 a.m. of the following debt management advisory committee: 
Treasury Borrowing Advisory Committee of The Bond Market Association 
(``Committee'').
    The agenda for the meeting provides for a charge by the Secretary 
of the Treasury or his designate that the Committee discuss particular 
issues, and a working session. Following the working session, the 
Committee will present a written report of its recommendations. The 
meeting will be closed to the public, pursuant to 5 U.S.C. App. 2, 
section 10(d) and Public Law 103-202, section 202(c)(1)(B)(31 U.S.C. 
3121 note).
    This notice shall constitute my determination, pursuant to the 
authority placed in heads of agencies by 5 U.S.C. App. 2, section 10(d) 
and vested in me by Treasury Department Order No. 101-05, that the 
meeting will consist of discussions and debates of the issues presented 
to the Committee by the Secretary of the Treasury and the making of 
recommendations of the Committee to the Secretary, pursuant to Public 
Law 103-202, section 202(c)(1)(B). Thus, this information is exempt 
from disclosure under that provision and 5 U.S.C. 552b(c)(3)(B). In 
addition, the meeting is concerned with information that is exempt from 
disclosure under 5 U.S.C. 552b(c)(9)(A). The public interest requires 
that such meetings be closed to the public because the Treasury 
Department requires frank and full advice from representatives of the 
financial community prior to making its final decisions on major 
financing operations. Historically, this advice has been offered by 
debt management advisory committees established by the several major 
segments of the financial community. When so utilized, such a committee 
is recognized to be an advisory committee under 5 U.S.C. App. 2, 
section 3.
    Although the Treasury's final announcement of financing plans may 
not reflect the recommendations provided in reports of the Committee, 
premature disclosure of the Committee's deliberations and reports would 
be likely to lead to significant financial speculation in the 
securities market. Thus, this meeting falls within the exemption 
covered by 5 U.S.C. 552b(c)(9)(A).
    Treasury staff will provide a technical briefing to the press on 
the day before the Committee meeting, following the release of a 
statement of economic conditions, financing estimates and technical 
charts. This briefing will give the press an opportunity to ask 
questions about financing projections and technical charts. The day 
after the Committee meeting, Treasury will release the minutes of the 
meeting, any charts that were discussed at the meeting, and the 
Committee's report to the Secretary.
    The Office of Debt Management is responsible for maintaining 
records of debt management advisory committee meetings and for 
providing annual reports setting forth a summary of Committee 
activities and such other matters as may be informative to the public 
consistent with the policy of 5 U.S.C. 552(b). The Designated Federal 
Officer or other responsible agency official who may be contacted for 
additional information is Jeff Huther, Director, Office of Debt 
Management, at (202) 622-1868.

    Dated: April 7, 2006.
James A. Clouse,
Acting Deputy Assistant Secretary, Federal Finance.
[FR Doc. 06-3526 Filed 4-12-06; 8:45 am]
BILLING CODE 4810-25-M
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