Proposed Collection; Comment Request for Form 8874, 27862 [E9-13653]
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27862
Federal Register / Vol. 74, No. 111 / Thursday, June 11, 2009 / Notices
Departmental Offices within the
Department of the Treasury are
soliciting comments concerning the
Monthly Lending Report.
DATES: Written comments should be
received on or before August 10, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments
to Department of the Treasury, David
Eagles, 1500 Pennsylvania Avenue,
Washington, DC 20220.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form(s) and instructions
should be directed as above.
SUPPLEMENTARY INFORMATION:
Title: Monthly Lending Report.
OMB Number: 1505–0214.
Abstract: Authorized under the
Emergency Economic Stabilization Act
(EESA) of 2008 (Pub. L. 110–343), the
Department of the Treasury has
implemented several aspects of the
Troubled Asset Relief Program. Among
these components is a voluntary Capital
Purchase Program (CPP) under which
the Department may purchase
qualifying capital in U.S. banking
organizations. The Treasury has so far
invested capital through this program in
almost 600 financial institutions. As
part of the Capital Purchase Program,
Treasury would like to gauge whether
the capital injections made through the
CPP are having the desired effect of
ensuring liquidity within the banking
system and thereby increasing lending
activity. To gauge this, Treasury would
like to monitor the lending activity of all
CPP participants. The Treasury will be
conducting evaluations using quarterly
Call Report data supplied by these
financial institutions to their primary
regulator. However, in order to have a
more frequent and timely snapshot of
the current lending environment,
Treasury is requesting the ability to
conduct a monthly survey of all
participants in the CPP in order to
supplement the quarterly analysis.
Current Actions: Continuation of
survey.
Type of Review: Extension.
Affected Public: Financial
Institutions.
Estimated Number of Respondents:
700.
Estimated Total Annual Burden
Hours: 5,600.
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
VerDate Nov<24>2008
16:37 Jun 10, 2009
Jkt 217001
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.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E9–13667 Filed 6–10–09; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8874
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 Form
8874, New Markets Credit.
DATES: Written comments should be
received on or before August 10, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Internal Revenue
Service, room 6129, 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 Carolyn N. Brown,
(202) 622–6688, Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: New Markets Credit.
OMB Number: 1545–1804.
Form Number: Form 8874.
Abstract: Investors use Form 8874 to
claim a credit for equity investments
PO 00000
Frm 00096
Fmt 4703
Sfmt 4703
made in Qualified Community
Development Entities.
Current Actions: Due to the revision
of Form 8874, 16 line items were
deleted. Also, in order to accommodate
the business filers, the responses were
decreased by 3,334 making a total of
6,666 responses. These changes resulted
in an overall decrease of burden hours
to 32,464.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals or
households, and business or other forprofit organizations.
Estimated Number of Responses:
6,666.
Estimated Time per Respondent: 4
hours, 52 minutes.
Estimated Total Annual Burden
Hours: 32,464.
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: May 29, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–13653 Filed 6–10–09; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\11JNN1.SGM
11JNN1
]]>Agencies
[Federal Register Volume 74, Number 111 (Thursday, June 11, 2009)]
[Notices]
[Page 27862]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-13653]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8874
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
Form 8874, New Markets Credit.
DATES: Written comments should be received on or before August 10, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal
Revenue Service, room 6129, 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 Carolyn N.
Brown, (202) 622-6688, Internal Revenue Service, room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the Internet
at Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: New Markets Credit.
OMB Number: 1545-1804.
Form Number: Form 8874.
Abstract: Investors use Form 8874 to claim a credit for equity
investments made in Qualified Community Development Entities.
Current Actions: Due to the revision of Form 8874, 16 line items
were deleted. Also, in order to accommodate the business filers, the
responses were decreased by 3,334 making a total of 6,666 responses.
These changes resulted in an overall decrease of burden hours to
32,464.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households, and business or other
for-profit organizations.
Estimated Number of Responses: 6,666.
Estimated Time per Respondent: 4 hours, 52 minutes.
Estimated Total Annual Burden Hours: 32,464.
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: May 29, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-13653 Filed 6-10-09; 8:45 am]
BILLING CODE 4830-01-P
