Agency Information Collection Activities: Submission for OMB Review; Comment Request, 17224-17225 [E7-6419]

Download as PDF 17224 Federal Register / Vol. 72, No. 66 / Friday, April 6, 2007 / Notices (d) Ways to minimize the burden of information collections 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. Comments submitted in response to this notice will be shared among the Agencies. Unless otherwise afforded confidential treatment pursuant to Federal law, all comments will become a matter of public record. Dated: March 16, 2007. Stuart E. Feldstein, Assistant Director, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System, April 2, 2007. Jennifer J. Johnson, Secretary of the Board. Dated at Washington, DC, this 23rd day of March, 2007. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. Dated: March 29, 2007. Deborah Dakin, Senior Deputy Chief Counsel, Regulations and Legislation Division, Office of Thrift Supervision. [FR Doc. 07–1708 Filed 4–5–07; 8:45 am] BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P; 6720–01–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Submission for OMB Review; Comment Request Office of the Comptroller of the Currency, Treasury. ACTION: Notice and request for comment. pwalker on PROD1PC71 with NOTICES 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 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 Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning an extension of OMB approval of the information collection titled, ‘‘Disclosure and Reporting of CRA- VerDate Aug<31>2005 18:39 Apr 05, 2007 Jkt 211001 Related Agreements (12 CFR part 35).’’ The OCC also gives notice that it has sent the information collection to OMB for review and approval. DATES: Comments must be submitted on or before May 7, 2007. ADDRESSES: Communications Division, Office of the Comptroller of the Currency, Public Information Room, Mailstop 1–5, Attention: 1557–0219, 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, 1557–0219, 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 and supporting documentation submitted to OMB by contacting: Mary Gottlieb 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: Title: Disclosure and Reporting of CRA-Related Agreements (12 CFR Part 35). OMB Number: 1557–0219. Type of Review: Extension of a currently approved collection. Description: This submission covers an existing regulation and involves no change to the regulation, the information collection requirements, or the burden estimates. The OCC requests only that OMB extend its approval of the information collection. National banks and their affiliates (hereinafter referred to collectively as national banks) occasionally enter into agreements with nongovernmental entities or persons (NGEPs) that are related to national banks’ Community Reinvestment Act (CRA) responsibilities. Section 48 of the Federal Deposit Insurance Act (FDI Act) requires disclosure of certain of these agreements, and imposes reporting requirements on national banks and other insured depository institutions (IDIs), their affiliates, and NGEPs. 12 U.S.C. 1831y. As mandated by the FDI Act, the OCC, the Federal Deposit Insurance Corporation, the Federal PO 00000 Frm 00134 Fmt 4703 Sfmt 4703 Reserve Board, and the Office of Thrift Supervision issued regulations to implement these disclosure and reporting requirements. The reporting provisions of these regulations constitute collections of information under the Paperwork Reduction Act (PRA). The regulation issued by the OCC is codified at 12 CFR 35; the collections of information contained in that regulation are known as ‘‘CRA Sunshine.’’ Section 48 of the FDI Act applies to written agreements that: (1) are made in fulfillment of the CRA, (2) involve funds or other resources of an IDI or affiliate with an aggregate value of more than $10,000 in a year, or loans with an aggregate principal value of more than $50,000 in a year, and (3) are entered into by an IDI or affiliate of an IDI and a NGEP. 12 U.S.C. 1831y(e). The parties to a covered agreement must make the agreement available to the public and the appropriate agency. The parties also must file a report annually with the appropriate agency concerning the disbursement, receipt and use of funds or other resources under the agreement. The collections of information in CRA Sunshine implement these statutorily mandated disclosure and reporting requirements. The parties to the agreement may request confidential treatment of proprietary and confidential information in an agreement or annual report. 12 CFR 35.8. 12 U.S.C. 1831y(a)– (c). The information collections are found in 12 CFR 35.4(b); 35.6(b)(1); 35.6(c)(1); 35.6(d)(1)(i) and (ii); 35.6(d)(2); 35.7(b); and 35.7(f)(2)(ii). Affected Public: Individuals; Businesses or other for-profit. Burden Estimates: Estimated Number of Respondents: 362. Estimated Total Annual Responses: 2,813. Estimated Total Annual Burden: 3,899 hours. Frequency of Response: On occasion. Comments: A 60-day Federal Register notice was issued on January 16, 2007 (72 FR 1802). No comments were received. Comments continue to be 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; E:\FR\FM\06APN1.SGM 06APN1 Federal Register / Vol. 72, No. 66 / Friday, April 6, 2007 / Notices (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 cost of operation, maintenance, and purchase of services to provide information. Dated: March 30, 2003. Stuart Feldstein, Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. E7–6419 Filed 4–5–07; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 970 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 Form 970, Application To Use LIFO Inventory Method. DATES: Written comments should be received on or before June 5, 2007 to be assured of consideration. ADDRESSES: Direct all written comments to Glenn P. 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 form and instructions should be directed to R. Joseph Durbala at Internal Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622– 3634, or through the internet at RJoseph.Durbala@irs.gov. pwalker on PROD1PC71 with NOTICES SUPPLEMENTARY INFORMATION: Title: Application To Use LIFO Inventory Method. OMB Number: 1545–0042. Form Number: Form 970. Abstract: Form 970 is filed by individuals, partnerships, trusts, estates, or corporations to elect to use the lastin first-out (LIFO) inventory method or VerDate Aug<31>2005 18:39 Apr 05, 2007 Jkt 211001 to extend the LIFO method to additional goods. The IRS uses Form 970 to determine if the election was properly made. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations and individual or households. Estimated Number of Respondents: 2000. Estimated Time Per Respondent: 12 hours, 24 minutes. Estimated Total Annual Burden Hours: 24,800. 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 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: March 27, 2007. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E7–6397 Filed 4–5–07; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00135 Fmt 4703 Sfmt 4703 17225 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 1099–INT 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 Form 1099–INT, Interest Income. DATES: Written comments should be received on or before June 5, 2007 to be assured of consideration. ADDRESSES: Direct all written comments to Glenn P. 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 form and instructions should be directed to R. Joseph Durbala, at (202) 622–3634, or at Internal Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet, at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: Interest Income. OMB Number: 1545–0112. Form Number: 1099–INT. Abstract: Form 1099–INT is used for reporting interest income paid, as required by sections 6049 and 6041 of the Internal Revenue Code. The IRS uses the form to verify compliance with the reporting rules and to verify that the recipient has included the proper amount of interest on his or her income tax return. Current Actions: Two lines have been added to the form since the last submission for approval. Type of Review: Revision of a currently approved collection. Affected Public: Business or other forprofit organizations, Federal Government, individuals or households, and not-for-profit institutions. Estimated Number of Responses: 275,797,664. Estimated Time Per Response: 14 minutes. Estimated Total Annual Burden Hours: 63,223,463. E:\FR\FM\06APN1.SGM 06APN1

Agencies

[Federal Register Volume 72, Number 66 (Friday, April 6, 2007)]
[Notices]
[Pages 17224-17225]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-6419]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Notice and request for comment.

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

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies 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 Office of Management 
and Budget (OMB) control number. The OCC is soliciting comment 
concerning an extension of OMB approval of the information collection 
titled, ``Disclosure and Reporting of CRA-Related Agreements (12 CFR 
part 35).'' The OCC also gives notice that it has sent the information 
collection to OMB for review and approval.

DATES: Comments must be submitted on or before May 7, 2007.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0219, 
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, 1557-0219, 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 and supporting documentation submitted to 
OMB by contacting: Mary Gottlieb 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:
    Title: Disclosure and Reporting of CRA-Related Agreements (12 CFR 
Part 35).
    OMB Number: 1557-0219.
    Type of Review: Extension of a currently approved collection.
    Description: This submission covers an existing regulation and 
involves no change to the regulation, the information collection 
requirements, or the burden estimates. The OCC requests only that OMB 
extend its approval of the information collection.
    National banks and their affiliates (hereinafter referred to 
collectively as national banks) occasionally enter into agreements with 
nongovernmental entities or persons (NGEPs) that are related to 
national banks' Community Reinvestment Act (CRA) responsibilities. 
Section 48 of the Federal Deposit Insurance Act (FDI Act) requires 
disclosure of certain of these agreements, and imposes reporting 
requirements on national banks and other insured depository 
institutions (IDIs), their affiliates, and NGEPs. 12 U.S.C. 1831y. As 
mandated by the FDI Act, the OCC, the Federal Deposit Insurance 
Corporation, the Federal Reserve Board, and the Office of Thrift 
Supervision issued regulations to implement these disclosure and 
reporting requirements. The reporting provisions of these regulations 
constitute collections of information under the Paperwork Reduction Act 
(PRA). The regulation issued by the OCC is codified at 12 CFR 35; the 
collections of information contained in that regulation are known as 
``CRA Sunshine.''
    Section 48 of the FDI Act applies to written agreements that: (1) 
are made in fulfillment of the CRA, (2) involve funds or other 
resources of an IDI or affiliate with an aggregate value of more than 
$10,000 in a year, or loans with an aggregate principal value of more 
than $50,000 in a year, and (3) are entered into by an IDI or affiliate 
of an IDI and a NGEP. 12 U.S.C. 1831y(e).
    The parties to a covered agreement must make the agreement 
available to the public and the appropriate agency. The parties also 
must file a report annually with the appropriate agency concerning the 
disbursement, receipt and use of funds or other resources under the 
agreement. The collections of information in CRA Sunshine implement 
these statutorily mandated disclosure and reporting requirements. The 
parties to the agreement may request confidential treatment of 
proprietary and confidential information in an agreement or annual 
report. 12 CFR 35.8. 12 U.S.C. 1831y(a)-(c).
    The information collections are found in 12 CFR 35.4(b); 
35.6(b)(1); 35.6(c)(1); 35.6(d)(1)(i) and (ii); 35.6(d)(2); 35.7(b); 
and 35.7(f)(2)(ii).
    Affected Public: Individuals; Businesses or other for-profit.
    Burden Estimates:
    Estimated Number of Respondents: 362.
    Estimated Total Annual Responses: 2,813.
    Estimated Total Annual Burden: 3,899 hours.
    Frequency of Response: On occasion.
    Comments: A 60-day Federal Register notice was issued on January 
16, 2007 (72 FR 1802). No comments were received. Comments continue to 
be 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;

[[Page 17225]]

    (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 cost of operation, 
maintenance, and purchase of services to provide information.

    Dated: March 30, 2003.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. E7-6419 Filed 4-5-07; 8:45 am]
BILLING CODE 4810-33-P