Proposed Collection; Comment Request for Notice 2006-XX, 55546-55547 [06-8007]

Download as PDF sroberts on PROD1PC70 with NOTICES 55546 Federal Register / Vol. 71, No. 184 / Friday, September 22, 2006 / Notices consumer revokes it in writing or, if the consumer agrees, electronically. When a customer relationship terminates, the customer’s opt out direction continues to apply. The OCC issued part 40, including the consumer opt-out provisions, in 2000 to implement new requirements imposed by the Gramm-Leach-Bliley Act. At the time part 40 was promulgated, the OCC used nominal burden estimates. Because the requirements were new, both the OCC and national banks lacked experience concerning how institutions would comply with the opt-out requirements and the extent to which consumers would exercise their ability to opt out. The OCC is now revisiting its estimates to determine how they could be made more accurate. The OCC does not require its institutions to report the percentage of consumers choosing to opt out. Absent this information, we estimate that between 2% and 12% of consumers with new mortgages or credit cards and 1% of consumers with deposit accounts under $100,000 will opt out under part 40. While we understand that an increase in the number of consumers opting out is likely to increase the burden on the industry due to the processing time associated with the additional opt outs, we have not adjusted our burden estimates for the industry because we do not have reliable figures about the rate of opt outs. Therefore, we estimate that between 3 and 17.9 million consumers will opt out. Our estimates set forth in this notice reflect the midpoint of 9 million. We invite comment on our estimates for both consumers and the industry and welcome any other information— particularly information about consumer opt-out rates—that might assist us in making them more accurate. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit; individuals. Estimated Annual Number of Institution Respondents: Initial Notice, 118; Annual Notice and Change in Terms, 1,960; Opt-out Notice, 371. Estimated Average Time Per Response Per Institution: Initial Notice, 80 hours; Annual Notice and Change in Terms, 8 hours; Opt-out Notice, 8 hours. Estimated Subtotal Annual Burden Hours for Institutions: 28,088 hours. Estimated Annual Number of Consumer Respondents: 9,000,000. Estimated Average Time Per Consumer Response: 0.25 hours. Estimated Subtotal Annual Burden Hours for Consumers: 2,250,000 hours. VerDate Aug<31>2005 20:37 Sep 21, 2006 Jkt 208001 Estimated Total Annual Burden Hours: 2,278,088 hours. Comments submitted in response to this notice will be summarized and 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 has 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 on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. Dated: September 19, 2006. Stuart Feldstein, Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. 06–8154 Filed 9–21–06; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Notice 2006–XX Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: 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 Notice 2006–XX, Fuel Cell Motor Vehicle Credit. DATES: Written comments should be received on or before November 21, 2006 to be assured of consideration. ADDRESSES: Direct all written comments to Joseph R. Durbala, Internal Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. PO 00000 Frm 00131 Fmt 4703 Sfmt 4703 FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Larnice Mack, (202) 622–3179, at Internal Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet at (Larnice.Mack@irs.gov). SUPPLEMENTARY INFORMATION: Title: Fuel Cell Motor Vehicle Credit. OMB Number: 1545–2028. Form Number: Notice 2006–XX. Abstract: This Notice will be used to determine whether the vehicle for which the credit is claimed under § 30B by a taxpayer is property that qualifies for the credit. The collection of information is required to obtain a benefit. The likely respondents are corporations and partnerships. Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only. Type of Review: Extension of a currently approved collection. Affected Public: Individuals and Households, Businesses and other forprofit organizations. Estimated Number of Respondents: 7. Estimated Time per Respondent: 40 hours. Estimated Total Annual Burden Hours: 280. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to 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 E:\FR\FM\22SEN1.SGM 22SEN1 Federal Register / Vol. 71, No. 184 / Friday, September 22, 2006 / Notices 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: September 13, 2006. Larnice Mack, IRS Reports Clearance Officer. [FR Doc. 06–8007 Filed 9–21–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Office of Thrift Supervision Submission for OMB Review; Comment Request—Fiduciary Powers of Federal Savings Associations Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. sroberts on PROD1PC70 with NOTICES AGENCY: SUMMARY: In accordance with the requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. 3507), OTS may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. Today, OTS is submitting proposed revisions to this collection of information to OMB for review and approval. DATES: Submit written comments on or before October 23, 2006. ADDRESSES: Send comments, referring to the collection by title of the collection or by OMB approval number, to OMB and OTS at these addresses: Office of Information and Regulatory Affairs, Attention: Desk Officer for OTS, U.S. Office of Management and Budget, 725– 17th Street, NW., Room 10235, Washington, DC 20503, or by fax to (202) 395–6974; and Information Collection Comments, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, by fax to (202) 906–6518, or by e-mail to infocollection.comments@ots.treas.gov. OTS will post comments and the related index on the OTS Internet Site at https://www.ots.treas.gov. In addition, interested persons may inspect comments at the Public Reading Room, 1700 G Street, NW., by appointment. To make an appointment, call (202) 906– 5922, send an e-mail to public.info@ots.treas.gov, or send a facsimile transmission to (202) 906– 7755. For further information or to obtain a copy of the submission to OMB, please FOR FURTHER INFORMATION CONTACT: VerDate Aug<31>2005 20:37 Sep 21, 2006 Jkt 208001 contact Marilyn K. Burton, OTS Clearance Officer, at marilyn.burton@ots.treas.gov, (202) 906–6467, or facsimile number (202) 906–6518, Litigation Division, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor, and respondents are not required to respond to, an information collection, unless the information collection displays a currently valid OMB control number. As part of the approval process, we invite comments on the following information collection. Title of Proposal: Fiduciary Powers of Federal Savings Associations. OMB Number: 1550–0037. Form Number: OTS Form 1240. Regulation requirement: 12 CFR 550.70(a), (b), and (c); 12 CFR 550.80 through 120; 12 CFR 550.125. Description: OTS must know when a Federal savings association is acting in a fiduciary capacity in order to establish effective oversight of those activities. This comment request addresses revisions to OTS Form 1240— Application for Fiduciary Powers. The form is being revised to update the information OTS requires in order to make a determination whether to approve or deny an application for fiduciary powers. 12 CFR 550.70(a) requires that a Federal savings association that wants to conduct fiduciary activities for the first time, and for which OTS has not previously approved an application submitted under this part, must obtain prior approval from OTS before it may conduct the activities. 12 CFR 550.70(b) requires that a Federal savings association that wants to conduct fiduciary activities that are materially different from the activities that OTS has previously approved for it, including fiduciary activities that OTS has previously approved that have not been exercised for at least five years, must obtain prior approval from OTS before it may conduct the activities. 12 CFR 550.80 through 120 describe the process for obtaining OTS approval of the application for fiduciary powers. Instructions for filing the application are found at 12 CFR part 516, subpart A. In addition, § 550.70(c) of OTS’s regulations requires that a Federal savings association that wants to commence in new State fiduciary activities that are not materially different from those that OTS has already approved, must file a notice with OTS. Instructions for filing the notice are found at 12 CFR 550.125. PO 00000 Frm 00132 Fmt 4703 Sfmt 4703 55547 On April 28, 2006, OTS published a notice of its intent to revise this information collection (71 FR 25281). No comments were received. Type of Review: Revision. Affected Public: Federal savings associations. Estimated Number of Respondents: Application—12 respondents; Notice— 10 respondents. Estimated Number of Responses: Application—12 respondents; Notice— 10 respondents. Estimated Burden Hours per Response: Application—27 hours; Notice—3 hours. Estimated Frequency of Response: Event-generated. Estimated Total Burden: 354 hours. Clearance Officer: Marilyn K. Burton, (202) 906–6467, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. OMB Reviewer: Desk Officer for OTS, fax: (202) 395–6974, U.S. Office of Management and Budget, 725–17th Street, NW., Room 10235, Washington, DC 20503. Dated: September 18, 2006. Deborah Dakin, Senior Deputy Chief Counsel, Regulations and Legislation Division. [FR Doc. 06–7970 Filed 9–21–06; 8:45 am] BILLING CODE 6720–01–P DEPARTMENT OF VETERANS AFFAIRS Veteran’s Advisory Committee on Education; Amendment—Notice of Meeting The Department of Veterans Affairs gives notice under Public Law 92–463 (Federal Advisory Committee Act) that the Veterans’ Advisory Committee on Education will meet on October 5–6, 2006. The meeting will be held at VA Central Office, 810 Vermont Avenue, NW., Washington, DC in Room 530. The sessions will convene at 8:00 a.m. each day. On October 5, the session will end at 4 p.m., and on October 6 at 12 noon. The meeting is open to the public. The purpose of the Committee is to advise the Secretary of Veterans Affairs on the administration of education and training programs for veterans, servicepersons, reservists, and dependents of veterans under Chapter 30, 32, 35, and 36 of title 38, and Chapter 1606 of title 10, United States Code. On October 5, the session will begin with opening remarks and an overview by Mr. James Bombard, Committee Chair. In addition, this session will E:\FR\FM\22SEN1.SGM 22SEN1

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[Federal Register Volume 71, Number 184 (Friday, September 22, 2006)]
[Notices]
[Pages 55546-55547]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-8007]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2006-XX

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 
Notice 2006-XX, Fuel Cell Motor Vehicle Credit.

DATES: Written comments should be received on or before November 21, 
2006 to be assured of consideration.

ADDRESSES: Direct all written comments to Joseph R. Durbala, Internal 
Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Larnice Mack, 
(202) 622-3179, at Internal Revenue Service, room 6516, 1111 
Constitution Avenue, NW., Washington, DC 20224, or through the Internet 
at (Larnice.Mack@irs.gov).

SUPPLEMENTARY INFORMATION:
    Title: Fuel Cell Motor Vehicle Credit.
    OMB Number: 1545-2028.
    Form Number: Notice 2006-XX.
    Abstract: This Notice will be used to determine whether the vehicle 
for which the credit is claimed under Sec.  30B by a taxpayer is 
property that qualifies for the credit. The collection of information 
is required to obtain a benefit. The likely respondents are 
corporations and partnerships.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This form is being submitted for renewal 
purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and Households, Businesses and other 
for-profit organizations.
    Estimated Number of Respondents: 7.
    Estimated Time per Respondent: 40 hours.
    Estimated Total Annual Burden Hours: 280.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to 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

[[Page 55547]]

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: September 13, 2006.
Larnice Mack,
IRS Reports Clearance Officer.
[FR Doc. 06-8007 Filed 9-21-06; 8:45 am]
BILLING CODE 4830-01-P

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