Comment Request: Community Development Financial Institutions Fund: Comment Request on the Release of Transaction Level Report Data and Allocation Tracking System Data Provided by New Markets Tax Credit Program Allocatees, 46977-46978 [E6-13321]
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Federal Register / Vol. 71, No. 157 / Tuesday, August 15, 2006 / Notices
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
August 9, 2006.
mstockstill on PROD1PC61 with NOTICES
The Department of 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 September 14,
2006 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–0228.
Type of Review: Extension.
Title: Installment Sale Income.
Form: 6252.
Description: Information is needed to
figure and report an installment sale for
a casual or incidental sale of personal
property, and a sale of real property by
someone not in the business of selling
real estate. Data is used to determine
whether the installment sale has been
properly reported and the correct
amount of profit is included in income
on the taxpayer’s return.
Respondents: Business and other forprofit institutions.
Estimated Total Burden Hours:
1,597,008 hours.
OMB Number: 1545–0314.
Type of Review: Extension.
Title: Form 6466, Transmittal of
Forms W–4 Reported Magnetically/
Electronically; Form 6467, Transmittal
of Forms W–4 Reported Magnetically/
Electronically (Continuation).
Form: 6466 and 6467.
Description: Under Regulation Section
31.3402(f)(2)–1(g), employers are
required to submit certain withholding
certificates (Form W–4) to the IRS.
Transmittal Form 6466 and the
continuation sheet Form 6467 are
submitted by an employer, or
authorized agent of the employer, who
will be reporting submissions of Form
W–4 on magnetic/electronic media.
Respondents: Business and other forprofit institutions.
Estimated Total Burden Hours: 133
hours.
Clearance Officer: Glenn P. Kirkland,
Internal Revenue Service, Room 6516,
VerDate Aug<31>2005
15:41 Aug 14, 2006
Jkt 208001
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. E6–13309 Filed 8–14–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Comment Request: Community
Development Financial Institutions
Fund: Comment Request on the
Release of Transaction Level Report
Data and Allocation Tracking System
Data Provided by New Markets Tax
Credit Program Allocatees
Notice and request for
comments.
ACTION:
SUMMARY: Currently, the Community
Development Financial Institutions
Fund (the Fund), a government
corporation within the Department of
the Treasury, is soliciting comments on
the release of Transaction Level Report
Data and Allocation Tracking System
Data provided to the Fund by New
Markets Tax Credit (NMTC) Program
allocatees.
DATES: Written comments must be
received on or before October 16, 2006
to be assured of consideration.
ADDRESSES: Comments must be
submitted in writing and sent to Donna
Fabiani, Manager for Financial
Strategies and Research, as follows: (i)
By mail to: Community Development
Financial Institutions Fund, U.S.
Department of the Treasury, 601 13th
Street, NW., Suite 200 South,
Washington, DC 20005; (ii) by e-mail to:
NMTCTLRcomment@cdfi.treas.gov; or
(iii) by fax to: (202) 622–7754.
FOR FURTHER INFORMATION CONTACT:
Donna Fabiani, Manager for Financial
Strategies and Research, as noted above.
SUPPLEMENTARY INFORMATION:
Title: Release of Transaction Level
Report Data and Allocation Tracking
System Data Provided by New Markets
Tax Credit (NMTC) Program Allocatees.
Abstract: The Fund’s mission is to
expand the capacity of financial
institutions to provide credit, capital
and financial services to underserved
populations and communities in the
United States. The Fund’s strategic goal
is to improve the economic conditions
PO 00000
Frm 00089
Fmt 4703
Sfmt 4703
46977
of underserved communities by
providing capital and technical
assistance to Community Development
Financial Institutions (CDFIs), capital to
insured depository institutions, and tax
credit allocations to Community
Development Entities (CDEs), which
provide credit, capital, financial
services, and development services to
these markets. The Fund certifies
entities as CDFIs and/or CDEs.
In June 2004, the Fund launched a
new web-based data collection system
called the Community Investment
Impact System (CIIS). Certified CDFIs,
CDFIs that have received monetary
awards from the Fund through its other
programs, and CDEs that have received
NMTC allocations use CIIS to report
their annual performance and
compliance information to the Fund.
The data include institution level
information on CDFIs and CDEs
including financial condition, staffing,
ownership, markets served, loan and
investment portfolios, loan sales and
purchases, financial services provided,
technical assistance and training
provided, and community development
impacts. For CDEs and a portion of
reporting CDFIs, the CIIS data also
include detailed transaction level data
on each loan or investment in the
institutions’ portfolios. This transaction
level data includes borrower
characteristics, loan terms and
repayment status, and community
development outcomes associated with
the transaction, such as jobs created,
housing units developed, and square
feet of real estate developed. The CIIS
database is the only source of
standardized transaction level data on
CDFI and CDE loans and investments.
The Fund has a second reporting
system, called the Allocation Tracking
System (ATS), that CDEs that have
received NMTC allocations (allocatees)
use to report on their Qualified Equity
Investments (QEIs). Through the ATS,
an allocatee reports to the Fund timely
information regarding the issuance of
QEIs by the allocatee or any of the
subsidiary CDEs to which the allocatee
transfers its NMTC allocation (i.e.,
subsidiary allocatees). ATS data include
the amount and date of each QEI as well
as various investor characteristics,
including investor type.
The Fund intends to make the
Transaction Level Report data and the
ATS data available to the public within
the parameters of all applicable Federal
information protection, privacy and
confidentiality laws. The Fund expects
that said data could be used by CDFIs,
CDEs, funders, investors, researchers
and others to gain a better
understanding of the community
E:\FR\FM\15AUN1.SGM
15AUN1
mstockstill on PROD1PC61 with NOTICES
46978
Federal Register / Vol. 71, No. 157 / Tuesday, August 15, 2006 / Notices
development finance industry. The
Fund has developed a draft protocol for
releasing the Transaction Level Report
data and the ATS data submitted by
NMTC allocatees. Because the data
contain information on businesses and
individuals that may be considered
sensitive and/or confidential, the Fund
seeks public comment on its draft data
release protocol. This draft protocol
seeks to release as much data as possible
without violating the Freedom of
Information Act (FOIA), the Privacy Act,
or other applicable Federal law. To that
end, the Fund proposes not to release
data that it has determined to be: (a)
Confidential financial or business
information of allocatees, investors, or
the businesses that allocatees are
lending to or investing in, the disclosure
of which would cause substantial harm
to the competitive position of the person
from whom the information was
obtained; or (b) confidential information
about individuals, such as name,
address, gender, race, and income.
To view the Proposed Data Release
Protocol (providing a description of
each data field and whether the Fund
proposes that the field be displayed,
suppressed, or modified in the public
release), a sample data release, and
definitions of each data point, visit the
Fund’s Web site https://
www.cdfifund.gov and click on the links
under ‘‘Comment Request on the
Release of TLR Data and ATS Data
Provided by NMTC Program
Allocatees.’’
Request for Comments: Comments
submitted in response to this notice will
become a matter of public record.
Comments are invited on all aspects of
the release of the Transaction Level
Report data and ATS data, but
commentators may wish to focus
particular attention on the following
questions:
(a) Are any of the identified data
points proposed for release trade secrets
or commercial financial information
that is privileged or confidential?
(b) Would the release of any such
information cause substantial harm to
the competitive position of NMTC
Program allocatees, allocatees’ investors,
or the businesses that allocatees are
lending to or investing in?
(c) Would the release of any of the
data points not currently proposed for
release be useful to the public?
(d) Are any of the data points not
currently proposed for release, but
potentially of interest to the public,
trade secrets or commercial or financial
information that is privileged or
confidential? Would the release of any
such information cause substantive
harm to the competitive position of
VerDate Aug<31>2005
15:41 Aug 14, 2006
Jkt 208001
NMTC Program allocatees, their
investors, or the businesses that
allocatees are lending to or investing in?
Would the release of any such
information cause the identity of
individuals to be revealed?
(e) Is the proposed Excel spreadsheet
format for releasing these data
acceptable to a wide range of users? If
not, what is a better alternative?
Authority: 26 U.S.C. 45D; 31 U.S.C. 321; 26
CFR 1.45D–1T.
Dated: August 8, 2006.
Arthur A. Garcia,
Director, Community Development Financial
Institutions Fund.
[FR Doc. E6–13321 Filed 8–14–06; 8:45 am]
BILLING CODE 4810–70–P
U.S.-CHINA ECONOMIC AND
SECURITY REVIEW COMMISSION
Notice of Open Public Hearing
U.S.-China Economic and
Security Review Commission.
ACTION: Notice of open public hearing—
August 22, 2006, Washington, DC.
AGENCY:
SUMMARY: Notice is hereby given of the
following hearing of the U.S.-China
Economic and Security Review
Commission.
Name: Larry M. Wortzel, Chairman of
the U.S.-China Economic and Security
Review Commission.
The Commission is mandated by
Congress to investigate, assess, evaluate
and report to Congress annually on the
U.S.-China economic and security
relationship. The mandate specifically
charges the Commission to investigate
‘‘the extent of Chinese access to, and use
of United States capital markets, and
whether the existing disclosure and
transparency rules are adequate to
identify Chinese companies which are
active in United States markets and are
also engaged in proliferation activities
or other activities harmful to United
States security interests.’’
Pursuant to this mandate, the
Commission will hold a public hearing
in Washington, DC on August 22, 2006,
to assess the nature and consequences of
interaction between the Chinese and
U.S. capital markets. China agreed to
open its financial system to foreign
participation when it joined the World
Trade Organization. This process is
already underway and accelerating, and
the Commission, therefore, believes it is
important and timely to assess the
nature and consequences of interaction
between the Chinese and U.S. capital
markets.
PO 00000
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Fmt 4703
Sfmt 4703
Background
This event is the seventh in a series
of public hearings the Commission will
hold during its 2006 report cycle to
collect input from leading experts in
academia, business, industry,
government and the public on the
impact of the economic and national
security implications of the U.S.
growing bilateral trade and economic
relationship with China. The August 22
hearing is being conducted to obtain
commentary about the economic and
national security implications of
Chinese macroeconomic policies on
U.S. capital markets, exchange rates and
interest rates. Information on upcoming
hearings, as well as transcripts of past
Commission hearings, can be obtained
from the USCC Web site https://
www.uscc.gov.
This hearing will address ‘‘China’s
Financial System and Monetary
Policies: The Impact on U.S. Exchange
Rates, Capital Markets, and Interest
Rates’’ and will be Co-chaired by
Chairman Larry M. Wortzel and
Commissioner Patrick A. Mulloy.
Purpose of Hearing
At this hearing the Commission seeks
to assess the health of the Chinese
financial system, evaluate the nature of
foreign participation and understand the
relationship between China’s financial
system and domestic Chinese politics.
The Commission also seeks to explore
the nature of capital flows into and out
of China in order to understand how
those flows affect U.S. interest rates and
the value of the dollar.
The hearing is designed to assist the
Commission in fulfilling its mandate by
examining the condition of China’s
financial system, its increasing
openness to foreign competition as
required under WTO rules, China’s
WTO commitments to the financial
sector, and the impact of Chinese
macroeconomic policies on U.S. capital
markets.
Copies of the hearing agenda will be
made available on the Commission’s
Web site https://www.uscc.gov. Any
interested party may file a written
statement by August 22, 2006, by
mailing to the contact below. The
hearing will be held in two sessions,
one in the morning and one in the
afternoon, where Commissioners will
take testimony from invited witnesses.
There will be a question and answer
period between the Commissioners and
the witnesses.
DATE AND TIME: Tuesday, August 22,
2006, 8:30 a.m. to 4:30 p.m. Eastern
Standard Time. A detailed agenda for
the hearing will be posted to the
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]]>Agencies
[Federal Register Volume 71, Number 157 (Tuesday, August 15, 2006)]
[Notices]
[Pages 46977-46978]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-13321]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Comment Request: Community Development Financial Institutions
Fund: Comment Request on the Release of Transaction Level Report Data
and Allocation Tracking System Data Provided by New Markets Tax Credit
Program Allocatees
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: Currently, the Community Development Financial Institutions
Fund (the Fund), a government corporation within the Department of the
Treasury, is soliciting comments on the release of Transaction Level
Report Data and Allocation Tracking System Data provided to the Fund by
New Markets Tax Credit (NMTC) Program allocatees.
DATES: Written comments must be received on or before October 16, 2006
to be assured of consideration.
ADDRESSES: Comments must be submitted in writing and sent to Donna
Fabiani, Manager for Financial Strategies and Research, as follows: (i)
By mail to: Community Development Financial Institutions Fund, U.S.
Department of the Treasury, 601 13th Street, NW., Suite 200 South,
Washington, DC 20005; (ii) by e-mail to: NMTCTLRcomment@cdfi.treas.gov;
or (iii) by fax to: (202) 622-7754.
FOR FURTHER INFORMATION CONTACT: Donna Fabiani, Manager for Financial
Strategies and Research, as noted above.
SUPPLEMENTARY INFORMATION:
Title: Release of Transaction Level Report Data and Allocation
Tracking System Data Provided by New Markets Tax Credit (NMTC) Program
Allocatees.
Abstract: The Fund's mission is to expand the capacity of financial
institutions to provide credit, capital and financial services to
underserved populations and communities in the United States. The
Fund's strategic goal is to improve the economic conditions of
underserved communities by providing capital and technical assistance
to Community Development Financial Institutions (CDFIs), capital to
insured depository institutions, and tax credit allocations to
Community Development Entities (CDEs), which provide credit, capital,
financial services, and development services to these markets. The Fund
certifies entities as CDFIs and/or CDEs.
In June 2004, the Fund launched a new web-based data collection
system called the Community Investment Impact System (CIIS). Certified
CDFIs, CDFIs that have received monetary awards from the Fund through
its other programs, and CDEs that have received NMTC allocations use
CIIS to report their annual performance and compliance information to
the Fund. The data include institution level information on CDFIs and
CDEs including financial condition, staffing, ownership, markets
served, loan and investment portfolios, loan sales and purchases,
financial services provided, technical assistance and training
provided, and community development impacts. For CDEs and a portion of
reporting CDFIs, the CIIS data also include detailed transaction level
data on each loan or investment in the institutions' portfolios. This
transaction level data includes borrower characteristics, loan terms
and repayment status, and community development outcomes associated
with the transaction, such as jobs created, housing units developed,
and square feet of real estate developed. The CIIS database is the only
source of standardized transaction level data on CDFI and CDE loans and
investments.
The Fund has a second reporting system, called the Allocation
Tracking System (ATS), that CDEs that have received NMTC allocations
(allocatees) use to report on their Qualified Equity Investments
(QEIs). Through the ATS, an allocatee reports to the Fund timely
information regarding the issuance of QEIs by the allocatee or any of
the subsidiary CDEs to which the allocatee transfers its NMTC
allocation (i.e., subsidiary allocatees). ATS data include the amount
and date of each QEI as well as various investor characteristics,
including investor type.
The Fund intends to make the Transaction Level Report data and the
ATS data available to the public within the parameters of all
applicable Federal information protection, privacy and confidentiality
laws. The Fund expects that said data could be used by CDFIs, CDEs,
funders, investors, researchers and others to gain a better
understanding of the community
[[Page 46978]]
development finance industry. The Fund has developed a draft protocol
for releasing the Transaction Level Report data and the ATS data
submitted by NMTC allocatees. Because the data contain information on
businesses and individuals that may be considered sensitive and/or
confidential, the Fund seeks public comment on its draft data release
protocol. This draft protocol seeks to release as much data as possible
without violating the Freedom of Information Act (FOIA), the Privacy
Act, or other applicable Federal law. To that end, the Fund proposes
not to release data that it has determined to be: (a) Confidential
financial or business information of allocatees, investors, or the
businesses that allocatees are lending to or investing in, the
disclosure of which would cause substantial harm to the competitive
position of the person from whom the information was obtained; or (b)
confidential information about individuals, such as name, address,
gender, race, and income.
To view the Proposed Data Release Protocol (providing a description
of each data field and whether the Fund proposes that the field be
displayed, suppressed, or modified in the public release), a sample
data release, and definitions of each data point, visit the Fund's Web
site https://www.cdfifund.gov and click on the links under ``Comment
Request on the Release of TLR Data and ATS Data Provided by NMTC
Program Allocatees.''
Request for Comments: Comments submitted in response to this notice
will become a matter of public record. Comments are invited on all
aspects of the release of the Transaction Level Report data and ATS
data, but commentators may wish to focus particular attention on the
following questions:
(a) Are any of the identified data points proposed for release
trade secrets or commercial financial information that is privileged or
confidential?
(b) Would the release of any such information cause substantial
harm to the competitive position of NMTC Program allocatees,
allocatees' investors, or the businesses that allocatees are lending to
or investing in?
(c) Would the release of any of the data points not currently
proposed for release be useful to the public?
(d) Are any of the data points not currently proposed for release,
but potentially of interest to the public, trade secrets or commercial
or financial information that is privileged or confidential? Would the
release of any such information cause substantive harm to the
competitive position of NMTC Program allocatees, their investors, or
the businesses that allocatees are lending to or investing in? Would
the release of any such information cause the identity of individuals
to be revealed?
(e) Is the proposed Excel spreadsheet format for releasing these
data acceptable to a wide range of users? If not, what is a better
alternative?
Authority: 26 U.S.C. 45D; 31 U.S.C. 321; 26 CFR 1.45D-1T.
Dated: August 8, 2006.
Arthur A. Garcia,
Director, Community Development Financial Institutions Fund.
[FR Doc. E6-13321 Filed 8-14-06; 8:45 am]
BILLING CODE 4810-70-P
