Agency Information Collection Activities: Submission for OMB Review; Comment Request, 38175-38176 [2010-15890]

Download as PDF Federal Register / Vol. 75, No. 126 / Thursday, July 1, 2010 / Notices approximately 2300 vehicles modified nationwide per year, 2. Annotation of each vehicle modification invoice as to which exemptions were used will take an average of 20 minutes, and 3. It is normal in the course of vehicle modification business to prepare an invoice, to provide a copy of the invoice to the vehicle owner, and to keep a copy of the invoice for five years after the vehicle is delivered to the owner in finished form. Affected Public: Business or other for profit. Estimated Annual Burden: 770 hours, and $10.80. Estimated Number of Respondents: 400. Comments are invited on: Whether the proposed collection of information is necessary for the proper performance of the functions of the Department, including whether the information will have practical utility; the accuracy of the Department’s estimate of the burden of the proposed information collection; ways to enhance the quality, utility and clarity of the information to be collected; and ways to minimize the burden of the collection of information on respondents, including the use of automated collection techniques or other forms of information technology. Issued on: June 25, 2010. Nathaniel M. Beuse, Office of Crash Avoidance Standards, Director. [FR Doc. 2010–16036 Filed 6–30–10; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Submission for OMB Review; Comment Request jlentini on DSKJ8SOYB1PROD with NOTICES AGENCY: Office of the Comptroller of the Currency (OCC), 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 VerDate Mar<15>2010 16:02 Jun 30, 2010 Jkt 220001 extension of OMB approval of the information collection titled, ‘‘Real Estate Lending and Appraisals (12 CFR 34).’’ The OCC is also giving notice that it has submitted the collection to OMB for review. DATES: Comments must be submitted on or before August 2, 2010. ADDRESSES: Communications Division, Office of the Comptroller of the Currency, Mailstop 2–3, Attention: 1557–0190, 250 E Street, SW., Washington, DC 20219. In addition, comments may be sent by fax to (202) 874–5274, or by electronic mail to regs.comments@occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 250 E Street, SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 874–4700. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. Additionally, please send a copy of your comments to OCC Desk Officer, 1557–0190, 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 may request additional information or a copy of the collection and supporting documentation submitted to OMB by contacting: Mary H. Gottlieb, (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: Real Estate Lending and Appraisals (12 CFR 34). OMB Control No.: 1557–0190. Type of Review: Extension, without revision, of a currently approved collection. Description: Twelve CFR Part 34 contains a number of reporting and recordkeeping requirements. Subpart B (Adjustable-Rate Mortgages (ARM)) and Subpart E (Other Real Estate Owned) contain reporting requirements. Subpart C (Appraisal Requirements) and Subpart D (Real Estate Lending Standards) contain recordkeeping requirements. Subpart B, § 34.22(a) requires that for ARM loans, the loan documentation must specify an index or combination of indices to which changes in the interest rate will be linked. Section 34.22(b) provides notice procedures to be used when a national bank seeks to use an index other than the one described in paragraph (a). PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 38175 Subpart C, § 34.44 provides minimum standards for the performance of real estate appraisals, including the requirement that appraisals be written and contain sufficient information and analysis to support the institution’s decision to engage in the transaction. Subpart D, § 34.62(a) requires each national bank to adopt and maintain written policies that establish appropriate limits and standards for extensions of credit that are secured by liens on or interests in real estate, or that are made for the purpose of financing permanent improvements to real estate. Section 34.62(b)(iii) requires real estate lending policies to be reviewed and approved by the bank’s board of directors at least annually. Subpart E, § 34.83(b) provides that national banks must maintain documentation adequate to reflect their efforts to dispose of each parcel of OREO. Section 34.84 requires that after holding any real estate acquired for future bank expansion for one year, a national bank must state, by resolution or other official action, definite plans for the use of the property and make the resolution or other action available for inspection by bank examiners. Section 34.85(a)(2) requires banks to develop a prudent real estate collateral evaluation policy to monitor the value of each parcel of OREO in a manner consistent with prudent banking practice. Section 34.86(b) requires banks to notify the appropriate supervisory office at least 30 days before making advances under a development or improvement plan for OREO if the total investment in the property will exceed 10 percent of the bank’s capital and surplus. Affected Public: Businesses or other for-profit. Burden Estimates: Estimated Number of Respondents: 1,650. Estimated Number of Responses: 1,650. Estimated Annual Burden: 94,095 hours. Frequency of Response: On occasion. Comments: The OCC issued a 60-Day Federal Register notice on April 21, 2010. 75 FR 20883. 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 OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the information collection burden; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; E:\FR\FM\01JYN1.SGM 01JYN1 38176 Federal Register / Vol. 75, No. 126 / Thursday, July 1, 2010 / 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 start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: June 24, 2010. Michele Meyer, Assistant Director, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency. [FR Doc. 2010–15890 Filed 6–30–10; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8874–B AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. jlentini on DSKJ8SOYB1PROD with NOTICES 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–B, Notice of Recapture Event for New Markets Credit. DATES: Written comments should be received on or before August 30, 2010 to be assured of consideration. ADDRESSES: Direct all written comments to Gerald J. Shields, 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 R. Joseph Durbala at Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622– 3634, or through the Internet at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: Notice of Recapture Event for New Markets Credit Credit. OMB Number: 1545–2066. Form Number: 8874–B. Abstract: New modernized e-file return for partnerships. Internal Revenue Code Sections 6109 and 6103. VerDate Mar<15>2010 16:02 Jun 30, 2010 Jkt 220001 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: Individual or households, Business or other for-profit. Estimated Number of Respondents: 500. Estimated Time per Respondent: 5 hours; 31 minutes. Estimated Total Annual Burden Hours: 2,755. 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: June 23, 2010. Gerald J. Shields, IRS Supervisory Tax Analyst. [FR Doc. 2010–15958 Filed 6–30–10; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8916–A AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 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 8916–A, Reconciliation of Cost of Goods Sold Reported on Schedule M–3. DATES: Written comments should be received on or before August 30, 2010 to be assured of consideration. ADDRESSES: Direct all written comments to Gerald J. Shields, Internal Revenue Service, Room 6129, 1111 Constitution Ave., 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 6129, 1111 Constitution Ave., NW., Washington, DC 20224, or through the Internet, at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: Reconciliation of Cost of Goods Sold Reported on Schedule M–3. OMB Number: 1545–2061. Form Number: Form 8916–A. Abstract: Form 8916–A is a detailed schedule that reconciles the amount of the cost of goods sold reported on Schedule M–3 for the Form 1120, Form 1065, or Form 1120–S. Current Actions: There are no changes being made to Form 8916–A, at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 156,000. Estimated Time per Respondent: 32 hours, 22 minutes. Estimated Total Annual Burden Hours: 5,049,720. 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. E:\FR\FM\01JYN1.SGM 01JYN1

Agencies

[Federal Register Volume 75, Number 126 (Thursday, July 1, 2010)]
[Notices]
[Pages 38175-38176]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-15890]


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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 (OCC), 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, ``Real Estate Lending and Appraisals (12 CFR 34).'' The OCC is 
also giving notice that it has submitted the collection to OMB for 
review.

DATES: Comments must be submitted on or before August 2, 2010.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Mailstop 2-3, Attention: 1557-0190, 250 E Street, SW., 
Washington, DC 20219. In addition, comments may be sent by fax to (202) 
874-5274, or by electronic mail to regs.comments@occ.treas.gov. You may 
personally inspect and photocopy comments at the OCC, 250 E Street, 
SW., Washington, DC 20219. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 874-4700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and to submit to 
security screening in order to inspect and photocopy comments.
    Additionally, please send a copy of your comments to OCC Desk 
Officer, 1557-0190, 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 may request additional information 
or a copy of the collection and supporting documentation submitted to 
OMB by contacting: Mary H. Gottlieb, (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: Real Estate Lending and Appraisals (12 CFR 34).
    OMB Control No.: 1557-0190.
    Type of Review: Extension, without revision, of a currently 
approved collection.
    Description: Twelve CFR Part 34 contains a number of reporting and 
recordkeeping requirements. Subpart B (Adjustable-Rate Mortgages (ARM)) 
and Subpart E (Other Real Estate Owned) contain reporting requirements. 
Subpart C (Appraisal Requirements) and Subpart D (Real Estate Lending 
Standards) contain recordkeeping requirements.
    Subpart B, Sec.  34.22(a) requires that for ARM loans, the loan 
documentation must specify an index or combination of indices to which 
changes in the interest rate will be linked. Section 34.22(b) provides 
notice procedures to be used when a national bank seeks to use an index 
other than the one described in paragraph (a).
    Subpart C, Sec.  34.44 provides minimum standards for the 
performance of real estate appraisals, including the requirement that 
appraisals be written and contain sufficient information and analysis 
to support the institution's decision to engage in the transaction.
    Subpart D, Sec.  34.62(a) requires each national bank to adopt and 
maintain written policies that establish appropriate limits and 
standards for extensions of credit that are secured by liens on or 
interests in real estate, or that are made for the purpose of financing 
permanent improvements to real estate. Section 34.62(b)(iii) requires 
real estate lending policies to be reviewed and approved by the bank's 
board of directors at least annually.
    Subpart E, Sec.  34.83(b) provides that national banks must 
maintain documentation adequate to reflect their efforts to dispose of 
each parcel of OREO. Section 34.84 requires that after holding any real 
estate acquired for future bank expansion for one year, a national bank 
must state, by resolution or other official action, definite plans for 
the use of the property and make the resolution or other action 
available for inspection by bank examiners. Section 34.85(a)(2) 
requires banks to develop a prudent real estate collateral evaluation 
policy to monitor the value of each parcel of OREO in a manner 
consistent with prudent banking practice. Section 34.86(b) requires 
banks to notify the appropriate supervisory office at least 30 days 
before making advances under a development or improvement plan for OREO 
if the total investment in the property will exceed 10 percent of the 
bank's capital and surplus.
    Affected Public: Businesses or other for-profit.
    Burden Estimates:
    Estimated Number of Respondents: 1,650.
    Estimated Number of Responses: 1,650.
    Estimated Annual Burden: 94,095 hours.
    Frequency of Response: On occasion.
    Comments: The OCC issued a 60-Day Federal Register notice on April 
21, 2010. 75 FR 20883. 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 OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;

[[Page 38176]]

    (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 start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: June 24, 2010.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
[FR Doc. 2010-15890 Filed 6-30-10; 8:45 am]
BILLING CODE 4810-33-P