Submission for OMB Review; Comment Request, 34416-34417 [E6-9273]

Download as PDF 34416 Federal Register / Vol. 71, No. 114 / Wednesday, June 14, 2006 / Notices DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 34880] By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E6–9250 Filed 6–13–06; 8:45 am] BILLING CODE 4915–01–P Union Pacific Railroad Company— Trackage Rights Exemption—BNSF Railway Company DEPARTMENT OF THE TREASURY BNSF Railway Company (BNSF) has agreed to grant overhead trackage rights to Union Pacific Railroad Company (UP) over BNSF’s rail line between BNSF milepost 0.69 near Portland, OR, and BNSF milepost 8.1 near North Portland Junction, OR, a distance of approximately 7.41 miles. The transaction was scheduled to be consummated on or after June 1, 2006, but consummation could lawfully occur no earlier than June 2, 2006, the effective date of the exemption (7 days after the exemption was filed).1 The purpose of the trackage rights is to create an additional overhead routing for UP trains in the Portland, OR area. As a condition to this exemption, any employees affected by the trackage rights will be protected by the conditions imposed in Norfolk and Western Ry. Co.—Trackage Rights—BN, 354 I.C.C. 605 (1978), as modified in Mendocino Coast Ry., Inc.—Lease and Operate, 360 I.C.C. 653 (1980). This notice is filed under 49 CFR 1180.2(d)(7). If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the transaction. An original and 10 copies of all pleadings, referring to STB Finance Docket No. 34880, must be filed with the Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on Robert T. Opal, General Commerce Counsel, 1400 Douglas Street, STOP 1580, Omaha, NE 68179. Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. rwilkins on PROD1PC63 with NOTICES Decided: June 7, 2006. 1 A decision served on June 5, 2006, denied a petition to stay the operation of the notice of exemption filed by John D. Fitzgerald, for and on behalf of the United Transportation Union—General Committee of Adjustment. Dennis R. Pierce filed a letter on June 5, 2006, on behalf of the Brotherhood of Locomotive Engineers and Trainmen—General Committee of Adjustment in support of the stay request of Mr. Fitzgerald. VerDate Aug<31>2005 19:47 Jun 13, 2006 Jkt 208001 Submission for OMB Review; Comment Request June 8, 2006. The Department of the Treasury has submitted the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104–13. Copies of the submission(s) may be obtained by calling the Treasury Bureau Clearance Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury Department Clearance Officer, Department of the Treasury, Room 11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220. Dates: Written comments should be received on or before July 14, 2006 to be assured of consideration. Internal Revenue Service (IRS) OMB Number: 1545–0996. Type of Review: Extension. Title: Required Distributions From Retirement Plans. Description: The regulations relate to the required minimum distributions from qualified plans, individual retirement plans, deferred compensation plans under section 457, and section 403(b) annuity contracts, custodial accounts, and retirement income accounts. Respondents: State, local, or tribal governments, not-for-profit institutions. Estimated Total Burden Hours: 8,400 hours. OMB Number: 1545–1480. Type of Review: Extension. Title: Hedging Transactions. Description: The information is required by the IRS to aid it in administering the law and to prevent manipulation. The information will be used to verify that a taxpayer is properly reporting his or her business hedging transactions. Respondents: Business or other forprofit institutions. Estimated Total Burden Hours: 171,050 hours. OMB Number: 1545–1541. Type of Review: Extension. Title: Revenue Procedure 97–27, Changes in Methods of Accounting. PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 Description: The information requested in sections 6, 8, and 13 of Revenue Procedure 97–27 is required in order for the Commissioner to determine whether the taxpayer properly is requesting to change his or her method of accounting and the terms and conditions of that change. Respondents: Business or other forprofit institutions, individuals or households, not-for-profit institutions, and farms. Estimated Total Burden Hours: 9,083 hours. OMB Number: 1545–0770. Type of Review: Extension. Title: Transfers of Securities Under Certain Agreements. Description: Section 1058 of the Internal Revenue Code provides tax-free treatment for transfers of securities pursuant to a securities lending agreement. The agreement must be in writing and is used by the taxpayer, in a tax audit situation, to justify nonrecognition treatment of gain or loss on the exchange of securities. Respondents: Business or other forprofit and non-profit institutions, individuals and households. Estimated Total Burden Hours: 9,781 hours. OMB Number: 1545–0239. Type of Review: Extension. Title: Statement by Person(s) Receiving Gambling Winnings. Form: Form 5754. Description: Section 3402(q)(6) of the Internal Revenue Code requires a statement by persons receiving certain gambling winnings when that person is not the winner or is one of a group of winners. It enables the payer to properly apportion the winnings and withheld tax on Form W–2G. The IRS uses the information on Form W–2G to ensure that recipients are properly reporting their income. Respondents: Business or other forprofit and non-profit institutions, individuals and households, not-forprofit institutions. Estimated Total Burden Hours: 40,800 hours. OMB Number: 1545–1820. Type of Review: Extension. Title: Revenue Procedure 2003–33, Section 9100 Relief for 338 Elections. Description: Pursuant to 301.9100–3 of the Procedure and Administration Regulations, this procedure grants certain taxpayers an extension of time to file an election described in 338(a) or 338(h)(10) of the Internal Revenue Code to treat the purchase of the stock of a corporation as an asset acquisition. Respondents: Business or other forprofit and non-profit institutions, individuals and households. E:\FR\FM\14JNN1.SGM 14JNN1 Federal Register / Vol. 71, No. 114 / Wednesday, June 14, 2006 / Notices Estimated Total Burden Hours: 300 hours. OMB Number: 1545–1035. Type of Review: Extension. Title: Recapture of Low-Income Housing Cost. Description: Internal Revenue Code Section 42 permits owners of residential projects providing low-income housing to claim a credit against their income tax. If the property is disposed of or it fails to meet certain requirements over a 15-year compliance period and a bond is not posted, the owner must recapture on Form 8611 part of the credit(s) taken in prior years. Respondents: Business or other forprofit institutions, individuals and households. Estimated Total Burden Hours: 7,842 hours. Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. (202) 622–3428. OMB Reviewer: Alexander T. Hunt, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. (202) 395–7316. Robert Dahl, Treasury PRA Clearance Officer. [FR Doc. E6–9273 Filed 6–13–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Information Collection; Submission for OMB Review; Comment Request Office of the Comptroller of the Currency, Treasury. ACTION: Notice and request for comment. rwilkins on PROD1PC63 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, ‘‘International Regulation—Part 28.’’ The OCC also gives notice that it has sent the information collection to the Office of Management and Budget (OMB) for review. DATES: Comments must be received by July 14, 2006. VerDate Aug<31>2005 19:47 Jun 13, 2006 Jkt 208001 Communications Division, Office of the Comptroller of the Currency, Public Information Room, Mailstop 1–5, Attention: 1557–0102, 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, 1557–0102, 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 Dickerson, (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: International Regulation—Part 28. OMB Number: 1557–0102. Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection requirements. The OCC requests only that OMB extend its approval of the information collection. 12 CFR part 28 contains the following collections of information: 12 CFR 28.3 Filing Requirements for Foreign Operations of a National Bank—Notice Requirement: A national bank shall notify the OCC when it: • Files an application, notice, or report with the FRB to establish or open a foreign branch, or acquire or divest of an interest in, or close, an Edge corporation, Agreement corporation, foreign bank, or other foreign organization. • Opens a foreign branch, and no application or notice is required by the FRB for such transaction. • Files an application to join a foreign exchange, clearinghouse, or similar type of organization. In lieu of a notice, the OCC may accept a copy of an application, notice, or report submitted to another Federal agency that covers the proposed action and contains substantially the same information required by the OCC. A ADDRESSES: PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 34417 national bank shall furnish the OCC with any additional information the OCC may require in connection with the national bank’s foreign operations. 12 CFR 28.12(a) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Approval of a Federal branch or agency—Approval and Licensing Requirements: A foreign bank shall submit an application to, and obtain prior approval from the OCC before it establishes a Federal branch or agency, or exercises fiduciary powers at a Federal branch (a foreign bank may submit an application to exercise fiduciary powers at the time of filing an application for a Federal branch or at any subsequent date). 12 CFR 28.12(e)(2) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Approval of a Federal branch or agency—Written Notice for Additional Intrastate Branches or Agencies: A foreign bank shall provide written notice to the OCC 30 days in advance of the establishment of an intrastate branch or agency. 12 CFR 28.12(h) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Approval of a Federal Branch or Agency—After-the-fact Notice for Eligible Foreign Banks: A foreign bank proposing to establish a Federal branch or agency through the acquisition of, or merger or consolidation with, a foreign bank that has an existing bank subsidiary, branch, or agency, shall provide after-the-fact notice within 14 days of the transaction to the OCC if (1) the resulting bank is an ‘‘eligible foreign bank’’ within the meaning of § 28.12(f) and (2) no Federal branch established by the transaction is insured. 12 CFR 28.12(i) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Approval of a Federal Branch or Agency—Contraction of Operations: A foreign bank shall provide written notice to the OCC within 10 days after converting a Federal branch into a limited Federal branch of a Federal agency. 12 CFR 28.14(c) Limitations Based upon Capital of a Foreign Bank— Aggregation: A foreign bank shall designate one Federal branch or agency office in the United States to maintain consolidated information so that the OCC can monitor compliance. 12 CFR 28.15(d), (d)(2), and (f) Capital Equivalency Deposits: Deposit arrangements: • A foreign bank should require its depository bank to segregate its capital E:\FR\FM\14JNN1.SGM 14JNN1

Agencies

[Federal Register Volume 71, Number 114 (Wednesday, June 14, 2006)]
[Notices]
[Pages 34416-34417]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-9273]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 8, 2006.
    The Department of the Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.
    Dates: Written comments should be received on or before July 14, 
2006 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0996.
    Type of Review: Extension.
    Title: Required Distributions From Retirement Plans.
    Description: The regulations relate to the required minimum 
distributions from qualified plans, individual retirement plans, 
deferred compensation plans under section 457, and section 403(b) 
annuity contracts, custodial accounts, and retirement income accounts.
    Respondents: State, local, or tribal governments, not-for-profit 
institutions.
    Estimated Total Burden Hours: 8,400 hours.

    OMB Number: 1545-1480.
    Type of Review: Extension.
    Title: Hedging Transactions.
    Description: The information is required by the IRS to aid it in 
administering the law and to prevent manipulation. The information will 
be used to verify that a taxpayer is properly reporting his or her 
business hedging transactions.
    Respondents: Business or other for-profit institutions.
    Estimated Total Burden Hours: 171,050 hours.

    OMB Number: 1545-1541.
    Type of Review: Extension.
    Title: Revenue Procedure 97-27, Changes in Methods of Accounting.
    Description: The information requested in sections 6, 8, and 13 of 
Revenue Procedure 97-27 is required in order for the Commissioner to 
determine whether the taxpayer properly is requesting to change his or 
her method of accounting and the terms and conditions of that change.
    Respondents: Business or other for-profit institutions, individuals 
or households, not-for-profit institutions, and farms.
    Estimated Total Burden Hours: 9,083 hours.

    OMB Number: 1545-0770.
    Type of Review: Extension.
    Title: Transfers of Securities Under Certain Agreements.
    Description: Section 1058 of the Internal Revenue Code provides 
tax-free treatment for transfers of securities pursuant to a securities 
lending agreement. The agreement must be in writing and is used by the 
taxpayer, in a tax audit situation, to justify non-recognition 
treatment of gain or loss on the exchange of securities.
    Respondents: Business or other for-profit and non-profit 
institutions, individuals and households.
    Estimated Total Burden Hours: 9,781 hours.

    OMB Number: 1545-0239.
    Type of Review: Extension.
    Title: Statement by Person(s) Receiving Gambling Winnings.
    Form: Form 5754.
    Description: Section 3402(q)(6) of the Internal Revenue Code 
requires a statement by persons receiving certain gambling winnings 
when that person is not the winner or is one of a group of winners. It 
enables the payer to properly apportion the winnings and withheld tax 
on Form W-2G. The IRS uses the information on Form W-2G to ensure that 
recipients are properly reporting their income.
    Respondents: Business or other for-profit and non-profit 
institutions, individuals and households, not-for-profit institutions.
    Estimated Total Burden Hours: 40,800 hours.

    OMB Number: 1545-1820.
    Type of Review: Extension.
    Title: Revenue Procedure 2003-33, Section 9100 Relief for 338 
Elections.
    Description: Pursuant to 301.9100-3 of the Procedure and 
Administration Regulations, this procedure grants certain taxpayers an 
extension of time to file an election described in 338(a) or 338(h)(10) 
of the Internal Revenue Code to treat the purchase of the stock of a 
corporation as an asset acquisition.
    Respondents: Business or other for-profit and non-profit 
institutions, individuals and households.

[[Page 34417]]

    Estimated Total Burden Hours: 300 hours.

    OMB Number: 1545-1035.
    Type of Review: Extension.
    Title: Recapture of Low-Income Housing Cost.
    Description: Internal Revenue Code Section 42 permits owners of 
residential projects providing low-income housing to claim a credit 
against their income tax. If the property is disposed of or it fails to 
meet certain requirements over a 15-year compliance period and a bond 
is not posted, the owner must recapture on Form 8611 part of the 
credit(s) taken in prior years.
    Respondents: Business or other for-profit institutions, individuals 
and households.
    Estimated Total Burden Hours: 7,842 hours.

    Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, 
Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. (202) 
622-3428.
    OMB Reviewer: Alexander T. Hunt, Office of Management and Budget, 
Room 10235, New Executive Office Building, Washington, DC 20503. (202) 
395-7316.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E6-9273 Filed 6-13-06; 8:45 am]
BILLING CODE 4830-01-P
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