Notice of Call for Redemption: 14 Percent Treasury Bonds of 2006-11, 40581 [06-6218]
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Federal Register / Vol. 71, No. 136 / Monday, July 17, 2006 / Notices
a taxpayer to apply for an allocation of
qualifying gasification project credits.
Respondents: Business or other forprofit.
Estimated Total Burden Hours: 1,700
hours.
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.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E6–11151 Filed 7–14–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of the Secretary
Notice of Call for Redemption: 14
Percent Treasury Bonds of 2006–11
Washington, DC
rwilkins on PROD1PC63 with NOTICES
1. As of July 14, 2006, public notice
is hereby given that all outstanding 14
percent Treasury Bonds of 2006–11
(CUSIP No. 912810 CY 2) dated
November 16, 1981, due November 15,
2011, are hereby called for redemption
at par on November 15, 2006, on which
date interest on such bonds will cease.
2. Full information regarding the
presentation and surrender of such
bonds held in coupon and registered
form for redemption under this call will
be found in Department of the Treasury
Circular No. 300 dated March 4, 1973,
as amended (31 CFR Part 306), and from
the Definitives Section of the Bureau of
the Public Debt (telephone (304) 480–
7537), and on the Bureau of the Public
Debt’s Web site https://
www.publicdebt.treas.gov.
3. Redemption payments for such
bonds held in book-entry form, whether
on the books of the Federal Reserve
Banks or in Treasury Direct accounts,
will be made automatically on
November 15, 2006.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 06–6218 Filed 7–14–06; 8:45 am]
BILLING CODE 4810–40–M
VerDate Aug<31>2005
17:41 Jul 14, 2006
Jkt 208001
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Proposed Information
Collection; Comment Request
Office of the Comptroller of the
Currency, Treasury.
ACTION: Notice and request for comment.
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, ‘‘Leasing—12 CFR Part 23.’’
DATES: Comments must be received by
September 15, 2006.
ADDRESSES: Communications Division,
Office of the Comptroller of the
Currency, Public Information Room,
Mailstop 1–5, Attention: 1557–0206,
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,
1557–0206, 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: Leasing (12 CFR Part 23).
OMB Number: 1557–0206.
Description: This submission covers
an existing regulation and involves no
change to the regulation or to the
information collection requirements.
PO 00000
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40581
The OCC requests only that OMB extend
the expiration date.
Information Collection Requirements
Found in 12 CFR Part 23
12 CFR 23.4(c)—National banks must
liquidate or re-lease personal property
that is no longer subject to lease (offlease property) within five years from
the lease expiration. If a bank wishes to
extend the five-year holding period for
up to an additional five years, it must
obtain OCC approval. Permitting a bank
to extend the holding period confers a
benefit on national banks and may
result in cost savings. It also provides
flexibility for a bank that experiences
unusual or unforeseen conditions under
which it would be imprudent to dispose
of the off-lease property. Section 23.4(c)
requires a bank to provide a clearly
convincing demonstration as to why an
additional holding period is necessary.
In addition, a bank must value off-lease
property at the lower of current fair
market value or book value promptly
after the property comes off-lease. These
requirements enable the OCC to ensure
that a bank is not holding the property
for speculative reasons and that the
value of the property is recorded in
accordance with generally accepted
accounting procedures (GAAP).
Section 23.5—Twelve U.S.C. 24
contains two separate provisions
authorizing a national bank to acquire
personal property for purposes of lease
financing. Twelve U.S.C. 24 (Seventh)
applies if the lease serves as the
functional equivalent of a loan. Such
leases are subject to the lending limits
prescribed by 12 U.S.C. 84 or, if the
lessee is an affiliate of the bank, to the
restrictions on transactions with
affiliates prescribed by 12 U.S.C. 371c
and 371c–1. A national bank may also
acquire personal property for purposes
of lease financing under the authority of
12 U.S.C. 24 (Tenth) (CEBA Leases).
This provision authorizes a national
bank to invest in CEBA Leases up to 10
percent of its assets. Section 23.5
requires that if a bank enters into both
types of leases, its records must
distinguish between the two types of
leases. This information is required to
evidence compliance with the statutory
limitation on the aggregate amount a
national bank may invest in CEBA
Leases.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
370.
Estimated Total Annual Responses:
370.
Frequency of Response: On occasion.
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17JYN1
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[Federal Register Volume 71, Number 136 (Monday, July 17, 2006)]
[Notices]
[Page 40581]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-6218]
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DEPARTMENT OF THE TREASURY
Office of the Secretary
Notice of Call for Redemption: 14 Percent Treasury Bonds of 2006-
11
Washington, DC
1. As of July 14, 2006, public notice is hereby given that all
outstanding 14 percent Treasury Bonds of 2006-11 (CUSIP No. 912810 CY
2) dated November 16, 1981, due November 15, 2011, are hereby called
for redemption at par on November 15, 2006, on which date interest on
such bonds will cease.
2. Full information regarding the presentation and surrender of
such bonds held in coupon and registered form for redemption under this
call will be found in Department of the Treasury Circular No. 300 dated
March 4, 1973, as amended (31 CFR Part 306), and from the Definitives
Section of the Bureau of the Public Debt (telephone (304) 480-7537),
and on the Bureau of the Public Debt's Web site https://
www.publicdebt.treas.gov.
3. Redemption payments for such bonds held in book-entry form,
whether on the books of the Federal Reserve Banks or in Treasury Direct
accounts, will be made automatically on November 15, 2006.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 06-6218 Filed 7-14-06; 8:45 am]
BILLING CODE 4810-40-M
