Demand Deposit Securities of the State and Local Government Series (SLGS); Average Marginal Tax Rate and Treasury Administrative Cost, 60795-60796 [06-8711]

Download as PDF jlentini on PROD1PC65 with NOTICES Federal Register / Vol. 71, No. 199 / Monday, October 16, 2006 / Notices of the following year if the 6 month period is later than November 1 of the year of discovery, bury the pipeline so that the top of the pipe is 36 inches (914 millimeters) below the underwater natural bottom (as determined by recognized and generally accepted practices) for normal excavation or 18 inches (457 millimeters) for rock excavation. The requested waiver would allow KWPC’s pipeline to exist exposed above the underwater natural bottom in Fleming Channel and require KWPC to inspect the pipeline on an annual basis. On August 16–18, 2005, KWPC performed an inspection of the underwater segments of its pipeline. The underwater inspection concluded that less than 200 feet of KWPC’s pipeline was partially or totally exposed above the underwater natural bottom in Fleming Channel, an inlet of the Gulf of Mexico. The exposed segment is east of the bridge connecting Key West, FL to Fleming Channel and is located in waters that are approximately 11 feet deep at mean low water and approximately 13.5 feet deep at mean high water. The exposed segment lies immediately adjacent to the Trumbo Point Navel Annex, part of Naval Air Station—Key West (NASKW) military reservation. Both sides of Fleming Channel within the immediate vicinity of the exposed pipeline are bordered by the NASKW. Upon discovering the exposed pipe on August 18, 2005, KWPC notified the National Response Center of the location and the geographic coordinates of the exposed pipeline. KWPC also met with the U.S. Coast Guard (USCG) on the same day to discuss suitable ways to mark the exposed pipeline in accordance with pipeline safety regulations and to prevent the markers from becoming a hazard to navigation in the active boating channel. KWPC determined that marking the exposed pipeline in compliance with § 195.413(c)(2) and (3) created a hazard to navigation; therefore, KWPC proposed marking the exposed pipeline by placing a warning sign on the bridge crossing the channel, as well as installing two signs on the opposing sides of the waterway on NASKW property. On August 19, 2005, KWPC submitted a written request to the USCG seeking approval of the marking proposal. In its proposal request to the USCG, KWPC noted that the potential for damage to the pipeline from recreational boaters is minimized because the pipeline is in an area where anchoring is prohibited, pursuant to 33 CFR 334.610. VerDate Aug<31>2005 16:16 Oct 13, 2006 Jkt 211001 60795 In a letter dated September 6, 2005, the USCG responded to KWPC’s proposal request and did not object to KWPC’s proposed method of marking the exposed pipeline. Request for Waiver Issued in Washington, DC on October 6, 2006. Theodore L. Willke, Acting Associate Administrator for Pipeline Safety. [FR Doc. E6–17097 Filed 10–13–06; 8:45 am] BILLING CODE 4910–60–P KWPC requests a waiver from § 195.413(c)(2) and (3) and asks that it be allowed to take the following actions: (1) Install a sign on the shoreline of Key West, FL and Fleming Key immediately adjacent to the exposed pipeline segment, with the following information approved by the USCG— Warning Transit Only No Stopping or Anchoring Within 100 Yards of Shore Underwater Utility 33 CFR § 334.610 (2) Install a similar sign on the west side of the permanent bridge linking Key West, FL to Fleming Key. (3) Inspect the exposed pipeline segment on an annual basis to confirm that there has been no material change in the condition of the exposed segment. KWPC’s exposed pipeline is located within the restricted waters of Fleming Channel. The U.S. Navy patrols the restricted waters of Fleming Channel to ensure that the waters are used for transient traffic as prescribed in 33 CFR 334.610. Request for Public Comment PHMSA will consider the KWPC and PTMC waiver request and whether the KWPC and PTMC proposal will yield an equivalent or greater degree of safety than what is currently provided by the regulations. This notice is PHMSA’s only request for public comment before making a decision. After considering any comments received, PHMSA may grant the KWPC and PTMC waiver request as proposed, with modifications and conditions, or deny the request. If the waiver request is granted and PHMSA subsequently determines that the effect of the waiver is inconsistent with pipeline safety, PHMSA may impose additional conditions or revoke the waiver at its sole discretion. Frm 00110 Fmt 4703 Sfmt 4703 Fiscal Service Demand Deposit Securities of the State and Local Government Series (SLGS); Average Marginal Tax Rate and Treasury Administrative Cost Bureau of the Public Debt, Fiscal Service, Treasury. ACTION: Notice of estimated average marginal tax rate and Treasury administrative cost for Demand Deposit certificates of indebtedness—State and Local Government Series. AGENCY: Restricted Area PO 00000 DEPARTMENT OF THE TREASURY SUMMARY: This notice is being published to provide the information necessary to apply the interest rate formula for Demand Deposit certificates of indebtedness—State and Local Government Series (SLGS) (31 CFR part 344, subpart C). In the final rule governing securities of the State and Local Government Series that appeared in the Federal Register of June 30, 2005, (70 FR 37904), provision was made to provide by notice the information necessary to apply the interest rate formula to the Demand Deposit certificates of indebtedness, i.e., the average yield for three-month Treasury bills at the most recent auction, multiplied by one minus the estimated average marginal tax rate (1–MTR) of purchasers of tax-exempt bonds, less the Treasury administrative cost. The factor necessary to convert the interest rate to a tax-exempt equivalent (1—the estimated average marginal tax rate of purchasers of tax-exempt bonds) is 1– .24 or .76. The Treasury administrative cost is one basis point. EFFECTIVE DATE: This notice is effective October 16, 2006. FOR FURTHER INFORMATION CONTACT: Keith Rake, Deputy Assistant Commissioner, Office of the Assistant Commissioner for Public Debt Accounting, Bureau of the Public Debt, 200 3rd St., P.O. Box 396, Parkersburg, WV 26106–0396, (304) 480–5101 (not a toll-free number), or by e-mail at opdasib@bpd.treas.gov or Edward Gronseth, Deputy Chief Counsel, Elizabeth Spears, Senior Attorney, or Brian Metz, Attorney-Adviser, Office of the Chief Counsel, Bureau of the Public Debt, Department of the Treasury, P.O. Box E:\FR\FM\16OCN1.SGM 16OCN1 60796 Federal Register / Vol. 71, No. 199 / Monday, October 16, 2006 / Notices 1328, Parkersburg, WV 26106–1328, (304) 480–8692 (not a toll-free number). SUPPLEMENTARY INFORMATION: The Department of the Treasury, under the authority of 26 U.S.C. 141 note; 31 U.S.C. 3102–3104 and 3121, offers SLGS Demand Deposit certificates of indebtedness. These securities are oneday certificates of indebtedness, issued in a minimum amount of $1,000, or in any larger amount, with interest accrued and added to the principal daily. In publishing the final rule governing securities of the State and Local Government Series on June 30, 2005, provision was made to provide by notice the information necessary to apply the interest rate formula to the Demand Deposit certificates of indebtedness, i.e., the average yield for three-month Treasury bills at the most recent auction, multiplied by one minus the estimated average marginal tax rate (1–MTR) of purchasers of tax-exempt bonds, less the Treasury administrative cost. The factor ‘‘1–MTR’’ is .76. The Treasury administrative cost is one basis point. Both the ‘‘1–MTR’’ and the Treasury administrative cost are subject to redetermination by the Department of the Treasury. Any future changes will be published by notice in the Federal Register. Dated: October 11, 2006. Donald V. Hammond, Fiscal Assistant Secretary. [FR Doc. 06–8711 Filed 10–11–06; 3:15 pm] BILLING CODE 4810–39–P Notice is hereby given pursuant to section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Wage & Investment Reducing Taxpayer Burden (Notices) Issue Committee of the Taxpayer Advocacy Panel will be held Thursday, November 2, 2006, at 11 a.m. e.t. via a telephone conference call. If you would like to have the TAP consider a written statement, please call 1–888–912–1227 or 954–423–7979, or write Sallie Chavez, TAP Office, 1000 South Pine Island Road, Suite 340, Plantation, FL 33324. Due to limited conference lines, notification of intent to participate in the telephone conference call meeting must be made with Sallie Chavez. Ms. Chavez can be reached at 1–888–912–1227 or 954– 423–7979, or post comments to the Web site: http://www.improveirs.org. The agenda will include: Various IRS issues. SUPPLEMENTARY INFORMATION: Open Meeting of the Wage & Investment Reducing Taxpayer Burden (Notices) Issue Committee of the Taxpayer Advocacy Panel Internal Revenue Service (IRS), Treasury. ACTION: Notice. jlentini on PROD1PC65 with NOTICES AGENCY: SUMMARY: An open meeting of the Wage & Investment Reducing Taxpayer Burden (Notices) Issue Committee of the Taxpayer Advocacy Panel will be conducted (via teleconference). The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service. DATES: The meeting will be held Thursday, November 2, 2006 from 11 a.m. e.t. FOR FURTHER INFORMATION CONTACT: Sallie Chavez at 1–888–912–1227, or 954–423–7979. VerDate Aug<31>2005 16:16 Oct 13, 2006 Jkt 211001 BILLING CODE 4830–01–P DEPARTMENT OF VETERANS AFFAIRS Privacy Act of 1974; Report of Matching Program BILLING CODE 4830–01–P ACTION: DEPARTMENT OF THE TREASURY SUMMARY: Notice is hereby given that the Department of Veterans Affairs (VA), recipient agency, intends to continue a recurring computer-matching program with the Social Security Administration (SSA), source agency. The VA will match pension and parents’ dependency and indemnity compensation (DIC) records with SSA records. DATES: VA will file a report of the subject matching agreement with the Committee on Homeland Security and Governmental Affairs of the Senate; the Committee on Government Reform and Oversight of the House of Representatives; and the Office of Information and Regulatory Affairs, Office of Management and Budget (OMB). The matching program will be effective as indicated in this notice. ADDRESSES: Written comments may be submitted by: mail or hand-delivery to Director, Regulations Management (00REG1), Department of Veterans Affairs, 810 Vermont Avenue, NW., Room 1068, Washington, DC 20420; fax to (202) 273–9026; or e-mail to VAregulations@mail.va.gov. All comments received will be available for public inspection in the Office of Regulation Policy and Management, Room 1063B, between the hours of 8 a.m. and 4:30 p.m., Monday through Friday (except holidays). Please call (202) 273–9515 for an appointment. Internal Revenue Service Open Meeting of the Taxpayer Assistance Center Committee of the Taxpayer Advocacy Panel Internal Revenue Service (IRS), Treasury. ACTION: Notice. Internal Revenue Service Dated: October 3, 2006. John Fay, Acting Director, Taxpayer Advocacy Panel. [FR Doc. E6–17048 Filed 10–13–06; 8:45 am] Dated: October 3, 2006. John Fay, Acting Director, Taxpayer Advocacy Panel. [FR Doc. E6–17046 Filed 10–13–06; 8:45 am] AGENCY: DEPARTMENT OF THE TREASURY written statement, please call 1–888– 912–1227 or 206–220–6096, or write to Dave Coffman, TAP Office, 915 2nd Avenue, MS W–406, Seattle, WA 98174 or you can contact us at http:// www.improveirs.org. Due to limited conference lines, notification of intent to participate in the telephone conference call meeting must be made with Dave Coffman. Mr. Coffman can be reached at 1–888–912–1227 or 206– 220–6096. The agenda will include the following: Various IRS issues. SUMMARY: An open meeting of the Taxpayer Assistance Center Committee of the Taxpayer Advocacy Panel will be conducted (via teleconference). The Taxpayer Advocacy Panel (TAP) is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. DATES: The meeting will be held Tuesday, November 7, 2006. FOR FURTHER INFORMATION CONTACT: Dave Coffman at 1–888–912–1227, or 206–220–6096. SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Assistance Center Committee of the Taxpayer Advocacy Panel will be held Tuesday, November 7, 2006 from 9 a.m. Pacific Time to 10:30 a.m. Pacific Time via a telephone conference call. If you would like to have the TAP consider a PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 Department of Veterans Affairs. Notice of Computer Matching Program. AGENCY: E:\FR\FM\16OCN1.SGM 16OCN1

Agencies

[Federal Register Volume 71, Number 199 (Monday, October 16, 2006)]
[Notices]
[Pages 60795-60796]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-8711]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Demand Deposit Securities of the State and Local Government 
Series (SLGS); Average Marginal Tax Rate and Treasury Administrative 
Cost

AGENCY: Bureau of the Public Debt, Fiscal Service, Treasury.

ACTION: Notice of estimated average marginal tax rate and Treasury 
administrative cost for Demand Deposit certificates of indebtedness--
State and Local Government Series.

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

SUMMARY: This notice is being published to provide the information 
necessary to apply the interest rate formula for Demand Deposit 
certificates of indebtedness--State and Local Government Series (SLGS) 
(31 CFR part 344, subpart C). In the final rule governing securities of 
the State and Local Government Series that appeared in the Federal 
Register of June 30, 2005, (70 FR 37904), provision was made to provide 
by notice the information necessary to apply the interest rate formula 
to the Demand Deposit certificates of indebtedness, i.e., the average 
yield for three-month Treasury bills at the most recent auction, 
multiplied by one minus the estimated average marginal tax rate (1-MTR) 
of purchasers of tax-exempt bonds, less the Treasury administrative 
cost. The factor necessary to convert the interest rate to a tax-exempt 
equivalent (1--the estimated average marginal tax rate of purchasers of 
tax-exempt bonds) is 1-.24 or .76. The Treasury administrative cost is 
one basis point.

EFFECTIVE DATE: This notice is effective October 16, 2006.

FOR FURTHER INFORMATION CONTACT: Keith Rake, Deputy Assistant 
Commissioner, Office of the Assistant Commissioner for Public Debt 
Accounting, Bureau of the Public Debt, 200 3rd St., P.O. Box 396, 
Parkersburg, WV 26106-0396, (304) 480-5101 (not a toll-free number), or 
by e-mail at opda-sib@bpd.treas.gov or Edward Gronseth, Deputy Chief 
Counsel, Elizabeth Spears, Senior Attorney, or Brian Metz, Attorney-
Adviser, Office of the Chief Counsel, Bureau of the Public Debt, 
Department of the Treasury, P.O. Box

[[Page 60796]]

1328, Parkersburg, WV 26106-1328, (304) 480-8692 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: The Department of the Treasury, under the 
authority of 26 U.S.C. 141 note; 31 U.S.C. 3102-3104 and 3121, offers 
SLGS Demand Deposit certificates of indebtedness. These securities are 
one-day certificates of indebtedness, issued in a minimum amount of 
$1,000, or in any larger amount, with interest accrued and added to the 
principal daily. In publishing the final rule governing securities of 
the State and Local Government Series on June 30, 2005, provision was 
made to provide by notice the information necessary to apply the 
interest rate formula to the Demand Deposit certificates of 
indebtedness, i.e., the average yield for three-month Treasury bills at 
the most recent auction, multiplied by one minus the estimated average 
marginal tax rate (1-MTR) of purchasers of tax-exempt bonds, less the 
Treasury administrative cost. The factor ``1-MTR'' is .76. The Treasury 
administrative cost is one basis point. Both the ``1-MTR'' and the 
Treasury administrative cost are subject to redetermination by the 
Department of the Treasury. Any future changes will be published by 
notice in the Federal Register.

    Dated: October 11, 2006.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 06-8711 Filed 10-11-06; 3:15 pm]
BILLING CODE 4810-39-P