Office of the Assistant Secretary for International Affairs; Survey of Foreign Ownership of U.S. Securities as of June 30, 2009, 18438-18439 [E9-9184]
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18438
Federal Register / Vol. 74, No. 76 / Wednesday, April 22, 2009 / Notices
FOR FURTHER INFORMATION CONTACT: Dr.
Mary D. Gunnels, Director, Medical
Programs, (202) 366–4001,
fmcsamedical@dot.gov, FMCSA,
Department of Transportation, 1200
New Jersey Avenue, SE., Room W64–
224, Washington, DC 20590–0001.
Office hours are from 8:30 a.m. to 5 p.m.
Monday through Friday, except Federal
holidays.
Issued on: April 15, 2009.
Larry W. Minor,
Associate Administrator for Policy and
Program Development.
[FR Doc. E9–9283 Filed 4–21–09; 8:45 am]
SUPPLEMENTARY INFORMATION:
Office of the Assistant Secretary for
International Affairs; Survey of Foreign
Ownership of U.S. Securities as of
June 30, 2009
Electronic Access
You may see all the comments online
through the Federal Document
Management System (FDMS) at https://
www.regulations.gov.
Background
Under 49 U.S.C. 31136(e) and 31315,
FMCSA may grant an exemption for a 2year period if it finds ‘‘such exemption
would likely achieve a level of safety
that is equivalent to, or greater than, the
level that would be achieved absent
such exemption.’’ The statute also
allows the Agency to renew exemptions
at the end of the 2-year period. The
comment period ended on March 26,
2009.
Discussion of Comments
FMCSA received no comments in this
proceeding.
dwashington3 on PROD1PC60 with NOTICES
Conclusion
The Agency has not received any
adverse evidence on any of these drivers
that indicates that safety is being
compromised. Based upon its
evaluation of the 23 renewal
applications, FMCSA renews the
Federal vision exemptions for David W.
Ball, Mark L. Braun, Richard A. Brown,
Jr., Willie Burnett, Jr., Donald K.
Driscoll, Elias Gomez, Jr., Richard G.
Gruber, Richard T. Hatchel, William G.
Holland, Bruce G. Horner, Leon E.
Jackson, Gerald D. Larson, Thomas F.
Marczewski, Roy E. Mathews, James T.
McGraw, Jr., Carl A. Michel, Sr., Robert
A. Moss, Harry M. Oxendine, Bobby G.
Pool, Sr., Herbert W. Smith, Ronald
Watt, Harry C. Weber, Yu Weng.
In accordance with 49 U.S.C. 31136(e)
and 31315, each renewal exemption will
be valid for 2 years unless revoked
earlier by FMCSA. The exemption will
be revoked if: (1) The person fails to
comply with the terms and conditions
of the exemption; (2) the exemption has
resulted in a lower level of safety than
was maintained before it was granted; or
(3) continuation of the exemption would
not be consistent with the goals and
objectives of 49 U.S.C. 31136 and 31315.
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15:31 Apr 21, 2009
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BILLING CODE 4910–EX–P
DEPARTMENT OF THE TREASURY
AGENCY: Departmental Offices,
Department of the Treasury.
ACTION: Notice of reporting
requirements.
SUMMARY: By this Notice, the
Department of the Treasury is informing
the public that it is conducting a
mandatory survey of foreign ownership
of U.S. securities as of June 30, 2009.
This mandatory survey is conducted
under the authority of the International
Investment and Trade in Services
Survey Act (22 U.S.C. 3101 et seq.). This
Notice constitutes legal notification to
all United States persons (defined
below) who meet the reporting
requirements set forth in this Notice that
they must respond to, and comply with,
this survey. Additional copies of the
reporting forms SHL (2009) and
instructions may be printed from the
Internet at: https://www.treas.gov/tic/
forms-sh.html.
Definition: A U.S. person is any
individual, branch, partnership,
associated group, association, estate,
trust, corporation, or other organization
(whether or not organized under the
laws of any State), and any government
(including a foreign government, the
United States Government, a State,
provincial, or local government, and any
agency, corporation, financial
institution, or other entity or
instrumentality thereof, including a
government-sponsored agency), who
resides in the United States or is subject
to the jurisdiction of the United States.
Who Must Report: The following U.S.
persons must report on this survey:
(1) U.S. persons who manage the
safekeeping of U.S. securities (as
specified below) for foreign persons.
These U.S. persons, who include the
affiliates in the United States of foreign
entities, and are henceforth referred to
as U.S. custodians, must report on this
survey if the total market value of the
U.S. securities whose safekeeping they
manage on behalf of foreign persons—
aggregated over all accounts and for all
U.S. branches and affiliates of their
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firm—is $100 million or more as of June
30, 2009.
(2) U.S. persons who issue securities,
if the total market value of their
securities owned directly by foreign
persons—aggregated over all securities
issued by all U.S. subsidiaries and
affiliates of the firm, including
investment companies, trusts, and other
legal entities created by the firm—is
$100 million or more as of June 30,
2009. U.S. issuers should report only
foreign holdings of their securities
which are directly held for foreign
residents, i.e., where no U.S.-resident
custodian or central securities
depository is used. Securities held by
U.S. nominees, such as bank or broker
custody departments, should be
considered to be U.S.-held securities as
far as the issuer is concerned.
(3) U.S. persons who receive a letter
from the Federal Reserve Bank of New
York that requires the recipient of the
letter to file Schedule 1, even if the
recipient is under the exemption level
of $100 million and need only report
‘‘exempt’’ on Schedule 1.
What To Report: This report will
collect information on foreign resident
holdings of U.S. securities, including
equities, short-term debt securities
(including selected money market
instruments), and long-term debt
securities.
How To Report: Copies of the survey
forms and instructions, which contain
complete information on reporting
procedures and definitions, can be
obtained by contacting the survey staff
of the Federal Reserve Bank of New
York at (212) 720–6300, e-mail:
SHLA.help@ny.frb.org. The mailing
address is: Federal Reserve Bank of New
York, Statistics Function, 4th Floor, 33
Liberty Street, New York, NY 10045–
0001. Inquiries can also be made to the
Federal Reserve Board of Governors, at
(202) 452–3476, or to Dwight Wolkow,
at (202) 622–1276, or by e-mail:
comments2TIC@do.treas.gov.
When To Report: Data should be
submitted to the Federal Reserve Bank
of New York, acting as fiscal agent for
the Department of the Treasury, by
August 31, 2009.
Paperwork Reduction Act Notice: This
data collection has been approved by
the Office of Management and Budget
(OMB) in accordance with the
Paperwork Reduction Act and assigned
control number 1505–0123. An agency
may not conduct or sponsor, and a
person is not required to respond to, a
collection of information unless it
displays a valid control number
assigned by OMB. The estimated
average annual burden associated with
this collection of information is 486
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22APN1
Federal Register / Vol. 74, No. 76 / Wednesday, April 22, 2009 / Notices
hours per report for the largest
custodians of securities, and 110 hours
per report for the largest issuers of
securities that have data to report and
are not custodians. Comments
concerning the accuracy of this burden
estimate and suggestions for reducing
this burden should be directed to the
Department of the Treasury, Office of
International Affairs, Attention
Administrator, International Portfolio
Investment Data Reporting Systems,
Room 5422, Washington, DC 20220, and
to OMB, Attention Desk Officer for the
Department of the Treasury, Office of
Information and Regulatory Affairs,
Washington, DC 20503.
Dwight Wolkow,
Administrator, International Portfolio
Investment Data Reporting Systems.
[FR Doc. E9–9184 Filed 4–21–09; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1040 and Schedules
A, B, C, C–EZ, D, D–1, E, EIC, F, H, J,
R, and SE, Form 1040A and Schedules
1, 2, and 3, and Form 1040EZ, and All
Attachments to These Forms
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
dwashington3 on PROD1PC60 with NOTICES
SUMMARY: The Internal Revenue Service,
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 continuing information collections,
as required by the Paperwork Reduction
Act of 1995 (PRA), Public Law 104–13
(44 U.S.C. 3506(c)(2)(A)). This notice
requests comments on all forms used by
individual taxpayers: Form 1040, U.S.
Individual Income Tax Return, and
Schedules A, B, C, C–EZ, D, D–1, E, EIC,
F, H, J, R, and SE; Form 1040A and
Schedules 1, 2, and 3; Form 1040EZ;
and all attachments to these forms (see
the Appendix to this notice).
DATES: Written comments should be
received on or before May 22, 2009 to
be assured of consideration.
Direct all written comments
to The OIRA Desk Officer, Office of
Management and Budget, Room 10235,
New Executive Office Building,
Washington, DC 20503.
oira_submission@omb.eop.gov.
ADDRESSES:
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15:31 Apr 21, 2009
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FOR FURTHER INFORMATION CONTACT:
Requests for additional information
should be directed to Chief, RAS:R:FSA,
NCA 7th Floor, Internal Revenue
Service, 1111 Constitution Avenue,
NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
PRA Approval of Forms Used by
Individual Taxpayers
Under the PRA, OMB assigns a
control number to each ‘‘collection of
information’’ that it reviews and
approves for use by an agency. The PRA
also requires agencies to estimate the
burden for each collection of
information. The burden estimates for
each control number are displayed in (1)
the PRA notices that accompany
collections of information, (2) Federal
Register notices such as this one, and
(3) OMB’s database of approved
information collections.
The Individual Taxpayer Burden
Model (ITBM) estimates burden
experienced by individual taxpayers
when complying with the Federal tax
laws. The ITBM’s approach to
measuring burden focuses on the
characteristics and activities of
individual taxpayers in meeting their
tax return filing compliance obligation.
Key determinants of taxpayer burden in
the model are the way the taxpayer
prepares the return, e.g., with software
or paid preparer, and the taxpayer’s
activities, e.g., recordkeeping and tax
planning.
Burden is defined as the time and outof-pocket costs incurred by taxpayers in
complying with the Federal tax system.
Time expended and out-of-pocket costs
incurred are estimated separately. The
methodology distinguishes among
preparation methods, taxpayer
activities, types of individual taxpayer,
filing methods, and income levels.
Indicators of tax law and administrative
complexity as reflected in tax forms and
instructions are incorporated in the
model. The preparation methods
reflected in the model are:
• Self-prepared without software.
• Self-prepared with software.
• Used a paid preparer.
The types of taxpayer activities
reflected in the model are:
• Recordkeeping.
• Form completion.
• Form submission (electronic and
paper).
• Tax planning.
• Use of services (IRS and paid
professional).
• Gathering tax materials.
The methodology incorporates results
from a burden survey of 14,932
taxpayers conducted in 2000 and 2001,
and estimates taxpayer burden based on
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18439
those survey results. Summary level
results using this methodology are
presented in the table below.
Taxpayer Burden Estimates
Time spent and out-of-pocket costs
are estimated separately. Out-of-pocket
costs include any expenses incurred by
taxpayers to prepare and submit their
tax returns. Examples of out-of-pocket
costs include tax return preparation and
submission fees, postage, tax
preparation software costs,
photocopying costs, and phone calls (if
not toll-free).
Both time and cost burdens are
national averages and do not necessarily
reflect a ‘‘typical’’ case. For instance, the
average time burden for all taxpayers
filing a 1040, 1040A, or 1040EZ is
estimated at 26.4 hours, with an average
cost of $209 per return. This average
includes all associated forms and
schedules, across all preparation
methods and all taxpayer activities.
Taxpayers filing Form 1040 have an
expected average burden of about
33hours, and taxpayers filing Form
1040A and Form 1040EZ are expected
to average about 11 hours. However,
within each of these estimates, there is
significant variation in taxpayer activity.
Similarly, tax preparation fees vary
extensively depending on the taxpayer’s
tax situation and issues, the type of
professional preparer, and the
geographic area.
The data shown are the best forwardlooking estimates available as of
November 4, 2008, for income tax
returns filed for 2008. The estimates are
subject to change as new data become
available. The estimates include burden
for activities up through and including
filing a return but do not include burden
associated with post-filing activities.
However, operational IRS data indicate
that electronically prepared and e-filed
returns have fewer arithmetic errors,
implying a lower associated post-filing
burden.
Taxpayer Burden Model
The table below shows burden
estimates by form type and type of
taxpayer. Time burden is further broken
out by taxpayer activity. The largest
component of time burden for all
taxpayers is recordkeeping, as opposed
to form completion and submission. In
addition, the time burden associated
with form completion and submission
activities is closely tied to preparation
method (self-prepared without software,
self-prepared with software, and
prepared by paid preparer).
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]]>Agencies
[Federal Register Volume 74, Number 76 (Wednesday, April 22, 2009)]
[Notices]
[Pages 18438-18439]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-9184]
=======================================================================
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DEPARTMENT OF THE TREASURY
Office of the Assistant Secretary for International Affairs;
Survey of Foreign Ownership of U.S. Securities as of June 30, 2009
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice of reporting requirements.
-----------------------------------------------------------------------
SUMMARY: By this Notice, the Department of the Treasury is informing
the public that it is conducting a mandatory survey of foreign
ownership of U.S. securities as of June 30, 2009. This mandatory survey
is conducted under the authority of the International Investment and
Trade in Services Survey Act (22 U.S.C. 3101 et seq.). This Notice
constitutes legal notification to all United States persons (defined
below) who meet the reporting requirements set forth in this Notice
that they must respond to, and comply with, this survey. Additional
copies of the reporting forms SHL (2009) and instructions may be
printed from the Internet at: https://www.treas.gov/tic/forms-sh.html.
Definition: A U.S. person is any individual, branch, partnership,
associated group, association, estate, trust, corporation, or other
organization (whether or not organized under the laws of any State),
and any government (including a foreign government, the United States
Government, a State, provincial, or local government, and any agency,
corporation, financial institution, or other entity or instrumentality
thereof, including a government-sponsored agency), who resides in the
United States or is subject to the jurisdiction of the United States.
Who Must Report: The following U.S. persons must report on this
survey:
(1) U.S. persons who manage the safekeeping of U.S. securities (as
specified below) for foreign persons. These U.S. persons, who include
the affiliates in the United States of foreign entities, and are
henceforth referred to as U.S. custodians, must report on this survey
if the total market value of the U.S. securities whose safekeeping they
manage on behalf of foreign persons--aggregated over all accounts and
for all U.S. branches and affiliates of their firm--is $100 million or
more as of June 30, 2009.
(2) U.S. persons who issue securities, if the total market value of
their securities owned directly by foreign persons--aggregated over all
securities issued by all U.S. subsidiaries and affiliates of the firm,
including investment companies, trusts, and other legal entities
created by the firm--is $100 million or more as of June 30, 2009. U.S.
issuers should report only foreign holdings of their securities which
are directly held for foreign residents, i.e., where no U.S.-resident
custodian or central securities depository is used. Securities held by
U.S. nominees, such as bank or broker custody departments, should be
considered to be U.S.-held securities as far as the issuer is
concerned.
(3) U.S. persons who receive a letter from the Federal Reserve Bank
of New York that requires the recipient of the letter to file Schedule
1, even if the recipient is under the exemption level of $100 million
and need only report ``exempt'' on Schedule 1.
What To Report: This report will collect information on foreign
resident holdings of U.S. securities, including equities, short-term
debt securities (including selected money market instruments), and
long-term debt securities.
How To Report: Copies of the survey forms and instructions, which
contain complete information on reporting procedures and definitions,
can be obtained by contacting the survey staff of the Federal Reserve
Bank of New York at (212) 720-6300, e-mail: SHLA.help@ny.frb.org. The
mailing address is: Federal Reserve Bank of New York, Statistics
Function, 4th Floor, 33 Liberty Street, New York, NY 10045-0001.
Inquiries can also be made to the Federal Reserve Board of Governors,
at (202) 452-3476, or to Dwight Wolkow, at (202) 622-1276, or by e-
mail: comments2TIC@do.treas.gov.
When To Report: Data should be submitted to the Federal Reserve
Bank of New York, acting as fiscal agent for the Department of the
Treasury, by August 31, 2009.
Paperwork Reduction Act Notice: This data collection has been
approved by the Office of Management and Budget (OMB) in accordance
with the Paperwork Reduction Act and assigned control number 1505-0123.
An agency may not conduct or sponsor, and a person is not required to
respond to, a collection of information unless it displays a valid
control number assigned by OMB. The estimated average annual burden
associated with this collection of information is 486
[[Page 18439]]
hours per report for the largest custodians of securities, and 110
hours per report for the largest issuers of securities that have data
to report and are not custodians. Comments concerning the accuracy of
this burden estimate and suggestions for reducing this burden should be
directed to the Department of the Treasury, Office of International
Affairs, Attention Administrator, International Portfolio Investment
Data Reporting Systems, Room 5422, Washington, DC 20220, and to OMB,
Attention Desk Officer for the Department of the Treasury, Office of
Information and Regulatory Affairs, Washington, DC 20503.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Reporting
Systems.
[FR Doc. E9-9184 Filed 4-21-09; 8:45 am]
BILLING CODE 4810-25-P
