Submission for OMB Review; Comment Request, 51673-51674 [E6-14467]

Download as PDF Federal Register / Vol. 71, No. 168 / Wednesday, August 30, 2006 / Notices DEPARTMENT OF THE TREASURY Departmental Offices; Proposed Collection; Comment Request Notice and request for comments. ACTION: SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork burdens, invites the general public and other Federal agencies to comment on an information collection that is due for extension approval by the Office of Management and Budget. The Office of International Monetary and Financial Policy within the Department of the Treasury is soliciting comments concerning Extension of Foreign Currency Form FC–1 (OMB No. 1505–0012) Weekly Consolidated Foreign Currency Report of Major Market Participants, Form FC– 2 (OMB No. 1505–0010) Monthly Consolidated Foreign Currency Report of Major Market Participants, and Form FC–3 (OMB No. 1505–0014) Quarterly Consolidated Foreign Currency Report. The reports are mandatory. DATES: Written comments should be received on or before October 30, 2006 to be assured of consideration. ADDRESSES: Direct all written comments to Timothy D. DuLaney, Office of International Monetary and Financial Policy, Department of the Treasury, Room 5422, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. In view of possible delays in mail delivery, please also notify Mr. DuLaney by e-mail (Tim.Dulaney@do.treas.gov), FAX (202– 622–2021) or telephone (202–622– 2052). FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and instructions are available on the Federal Reserve Bank of New York’s Web site, in the U.S. Department of the Treasury section of the webpage for Regulatory Reports Forms and Instructions at: https://www.ny.frb.org/bankinfo/regrept/ regrept.html. Requests for additional information should be directed to Mr. DuLaney. jlentini on PROD1PC65 with NOTICES SUPPLEMENTARY INFORMATION: Title: Weekly Consolidated Foreign Currency Report of Major Market Participants, Foreign Currency Form FC–1. OMB Control Number: 1505–0012. Title: Monthly Consolidated Foreign Currency Report of Major Market Participants, Foreign Currency Form FC–2. OMB Control Number: 1505–0010. Title: Quarterly Consolidated Foreign Currency Report, Foreign Currency Form FC–3. VerDate Aug<31>2005 16:39 Aug 29, 2006 Jkt 208001 OMB Control Number: 1505–0014. Abstract: The filing of Foreign Currency Forms FC–1, FC–2, and FC–3 is required by law (31 U.S.C. 5315, 31 CFR part 128, subpart C), which directs the Secretary of the Treasury to prescribe regulations requiring reports on foreign currency transactions conducted by a United States person or a foreign person controlled by a United States person. The forms collect data on the foreign exchange spot, forward, futures, and options markets from all significant market participants. Current Actions: No changes to the current forms FC–1, FC–2 and FC–3 and instructions are being proposed. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: Foreign Currency Form FC–1: 24 respondents. Foreign Currency Form FC–2: 24 respondents. Foreign Currency Form FC–3: 44 respondents. Estimated Average Time Per Respondent: Foreign Currency Form FC–1: One (1) hour per respondent per response. Foreign Currency Form FC–2: Four (4) hours per respondent per response. Foreign Currency Form FC–3: Eight (8) hours per respondent per response. Estimated Total Annual Burden Hours: Foreign Currency Form FC–1: 1,248 hours, based on 52 reporting periods per years. Foreign Currency Form FC–2: 1,152 hours, based on 12 reporting period per year. Foreign Currency Form FC–3: 1,408 hours, based on 4 reporting periods per year. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval. All comments will become a matter of public record. The public is invited to submit written comments concerning: (a) Whether Foreign Currency Forms FC–1, FC–2, and FC–3 are necessary for the proper performance of the functions of the Office, including whether the information will have practical uses; (b) the accuracy of the above estimates of the burdens; (c) ways to enhance the quality, usefulness and clarity of the information to be collected; (d) ways to minimize the reporting and /or record keeping burdens on respondents, including the use of information technologies to automate the collection of the data; and (e) estimates of capital PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 51673 or start-up costs of operation, maintenance and purchase of services to provide information. Timothy D. DuLaney, Office of International Monetary and Financial Policy, U.S. Department of the Treasury. [FR Doc. E6–14347 Filed 8–29–06; 8:45 am] BILLING CODE 4811–37–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request August 24, 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 September 29, 2006 to be assured of consideration. Internal Revenue Service (IRS) OMB Number: 1545–1699. Type of Review: Extension. Title: REG–103805–99 (Final) Agent for Consolidated Group. Description: The information is needed in order for a terminating common parent of a consolidated group to designate a substitute agent for the group and receive approval of the Commissioner, or for a default substitute agent to notify the Commissioner that it is the default substitute agent, pursuant to Trea. Reg. Sec. 1.1502–77(d). The Commissioner will use the information to determine whether to approve the designation of the substitute agent (if approval is required) and to change the IRS’s records to reflect the information about the substitute agent. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 200 hours. OMB Number: 1545–0991. Type of Review: Extension. Title: Application to Participate in the IRS e-file Program. Form: 8633. Description: Form 8633 is used by tax preparers, electronic return collectors, E:\FR\FM\30AUN1.SGM 30AUN1 51674 Federal Register / Vol. 71, No. 168 / Wednesday, August 30, 2006 / Notices software firms, service bureaus and electronic transmitters, as an application to participate in the electronic filing program covering individual income tax returns. Respondents: Business and other forprofit institutions. Estimated Total Burden Hours: 50,000 hours. OMB Number: 1545–1538. Type of Review: Extension. Title: Notice 97–34, Information Reporting on Transactions With Foreign Trusts and on Large Foreign Gifts. Description: This notice provides guidance on the foreign trust and foreign gift information reporting provisions contained in the Small Business Job Protection Act of 1996. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 3,750 hours. OMB Number: 1545–0892. Type of Review: Extension. Title: Report of Cash Payment Over $10,000 Received in a Trade or Business. Form: 8300. Description: Anyone in a trade or business who, in the course of such trade or business, receives more than $10,000 in cash or foreign currency in one or more related transactions must report it to the IRS and provide a statement to the payor. Any transaction must report be reported under Title 31 on Form 4789 is exempted from reporting the same transaction on Form 8300. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 87,757 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. Robert Dahl, Treasury PRA Clearance Officer. [FR Doc. E6–14467 Filed 8–29–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service jlentini on PROD1PC65 with NOTICES [INTL–64–93] Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. AGENCY: VerDate Aug<31>2005 16:39 Aug 29, 2006 Jkt 208001 Notice and request for comments. ACTION: 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, INTL–64–93 (TD 8611). Conduit Arrangements Regulations (§§ 1.881–4 and 1.6038A– 3). DATES: Written comments should be received on or before October 30, 2006 to be assured of consideration. ADDRESSES: Direct all written comments to Glenn 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 regulations should be directed to Larnice Mack at Internal Revenue Service, room 6512, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622–3179, or through the internet at (Larnice.Mack@irs.gov). SUPPLEMENTARY INFORMATION: Title: Conduit Arrangements Regulations. OMB Number: 1545–1440. Regulation Project Number: INTL–64– 93. Abstract: This regulation provides rules that permit the district director to recharacterize a financing arrangement as a conduit arrangement. The recharacterization will affect the amount of U.S. withholding tax due on financing transactions that are part of the financing arrangement. This regulation affects withholding agents and foreign investors who engage in multi-party financing arrangements. 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: 1,000. Estimated Time Per Respondent: 10 minutes. Estimated Total Annual Burden Hours: 10,000. The following paragraph applies to all the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 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: August 11, 2006. Glenn Kirkland, IRS Reports Clearance Officer. [FR Doc. E6–14419 Filed 8–29–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF VETERANS AFFAIRS Veterans’ Disability Benefits Commission; Notice of Meeting The Department of Veterans Affairs (VA) gives notice under Public Law 92– 463 (Federal Advisory Committee Act) that the Veterans’ Disability Benefits Commission has scheduled a meeting for September 13–15, 2006, in the Ballroom of the Beacon Hotel, 1615 Rhode Island Avenue, NW., Washington, DC. The meeting will begin 8:30 a.m. each day. on September 13, the meeting will end at 5 p.m., on September 14 at 4:30 p.m., and on September 15 at 12 noon. the meeting is open to the public. The purpose of the Commission is to carry out a study of the benefits under the laws of the United States that are provided to compensate and assist veterans and their survivors for disabilities and deaths attributable to military service. E:\FR\FM\30AUN1.SGM 30AUN1

Agencies

[Federal Register Volume 71, Number 168 (Wednesday, August 30, 2006)]
[Notices]
[Pages 51673-51674]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-14467]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 24, 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 September 29, 
2006 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1699.
    Type of Review: Extension.
    Title: REG-103805-99 (Final) Agent for Consolidated Group.
    Description: The information is needed in order for a terminating 
common parent of a consolidated group to designate a substitute agent 
for the group and receive approval of the Commissioner, or for a 
default substitute agent to notify the Commissioner that it is the 
default substitute agent, pursuant to Trea. Reg. Sec. 1.1502-77(d). The 
Commissioner will use the information to determine whether to approve 
the designation of the substitute agent (if approval is required) and 
to change the IRS's records to reflect the information about the 
substitute agent.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 200 hours.

    OMB Number: 1545-0991.
    Type of Review: Extension.
    Title: Application to Participate in the IRS e-file Program.
    Form: 8633.
    Description: Form 8633 is used by tax preparers, electronic return 
collectors,

[[Page 51674]]

software firms, service bureaus and electronic transmitters, as an 
application to participate in the electronic filing program covering 
individual income tax returns.
    Respondents: Business and other for-profit institutions.
    Estimated Total Burden Hours: 50,000 hours.

    OMB Number: 1545-1538.
    Type of Review: Extension.
    Title: Notice 97-34, Information Reporting on Transactions With 
Foreign Trusts and on Large Foreign Gifts.
    Description: This notice provides guidance on the foreign trust and 
foreign gift information reporting provisions contained in the Small 
Business Job Protection Act of 1996.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 3,750 hours.

    OMB Number: 1545-0892.
    Type of Review: Extension.
    Title: Report of Cash Payment Over $10,000 Received in a Trade or 
Business.
    Form: 8300.
    Description: Anyone in a trade or business who, in the course of 
such trade or business, receives more than $10,000 in cash or foreign 
currency in one or more related transactions must report it to the IRS 
and provide a statement to the payor. Any transaction must report be 
reported under Title 31 on Form 4789 is exempted from reporting the 
same transaction on Form 8300.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 87,757 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.

Robert Dahl,
Treasury PRA Clearance Officer.
 [FR Doc. E6-14467 Filed 8-29-06; 8:45 am]
BILLING CODE 4830-01-P

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