Submission for OMB Review; Comment Request, 31433-31434 [2012-12776]

Download as PDF Federal Register / Vol. 77, No. 102 / Friday, May 25, 2012 / Notices Type of Review: Extension of a currently approved reporting requirement. Respondents: Certificated air carriers. Number of Respondents: 2 (Monthly Average). Number of Responses: 24. Estimated Time per Response: 1 hour. Total Annual Burden: 24 hours. Needs and Uses: The Department uses this form as the means to fulfill its obligation under the Federal Election Campaign Act of 1971 (the Act). The Act’s legislative history indicates that one of its statutory goals is to prevent candidates for Federal political office from incurring large amounts of unsecured debt with regulated transportation companies (e.g. airlines). This information collection allows the Department to monitor and disclose the amount of unsecured credit extended by airlines to candidates for Federal office. All certificated air carriers are required to submit this information. The Confidential Information Protection and Statistical Efficiency Act of 2002 (44 U.S.C. 3501 note), requires a statistical agency to clearly identify information it collects for non-statistical purposes. BTS hereby notifies the respondents and the public that BTS uses the information it collects under this OMB approval for non-statistical purposes including, but not limited to, publication of both Respondent’s identity and its data, submission of the information to agencies outside BTS for review, analysis and possible use in regulatory and other administrative matters. Comments are invited on whether the proposed retention of records is necessary for the proper performance of the functions of the Department of Transportation. Issued in Washington, DC, on May 21, 2012. Joy Sharp, Acting Deputy Director, Bureau of Transportation Statistics, Research and Innovative Technology Administration. [FR Doc. 2012–12752 Filed 5–24–12; 8:45 am] BILLING CODE 4910–HY–P mstockstill on DSK4VPTVN1PROD with NOTICES DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request May 22, 2012. The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of VerDate Mar<15>2010 17:55 May 24, 2012 Jkt 226001 1995, Public Law 104–13, on or after the date of publication of this notice. DATES: Comments should be received on or before June 25, 2012 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestion for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@OMB.EOP.GOV and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or on-line at www.PRAComment.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be obtained by calling (202) 927–5331, email at PRA@treasury.gov, or the entire information collection request maybe found at www.reginfo.gov. Internal Revenue Service (IRS) OMB Number: 1545–1191. Type of Review: Extension without change of a currently approved collection. Title: INTL–868–89 (TD 8353) Information with Respect to Certain Foreign-Owned Corporations. Abstract: The regulations require record maintenance, annual information filing, and the authorization of the U.S. corporation to act as an agent for IRS summons purposes. These requirements allow IRS International examiners to better audit the returns of U.S. corporations engaged in cross-border transactions with a related party. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 630,000. OMB Number: 1545–1428. Type of Review: Extension without change of a currently approved collection. Title: Elections Under Section 338 for Corporations Making Qualified Stock Purchases. Form: 8023. Abstract: Form 8023 is used by corporations that acquire the stock of another corporation to elect to treat the purchase of stock as a purchase of the other corporation’s assets. The IRS uses Form 8023 to determine if the purchasing corporation reports the sale of its assets on its income tax return and to determine if the purchasing corporation has properly made the election. Affected Public: Private Sector: Businesses or other for-profits. PO 00000 Frm 00144 Fmt 4703 Sfmt 4703 31433 Estimated Total Burden Hours: 2,559. OMB Number: 1545–1960. Type of Review: Extension without change of a currently approved collection. Title: Information Referral. Form: 3949–A. Abstract: This form is voluntary and the information requested helps us determine if there has been a violation of Income Tax Law. We need the taxpayer identification numbers, Social Security Number (SSN) or Employer Identification Number (EIN), in order to fully process. Failure to provide this information may lead to suspension of processing this form. Affected Public: Individuals or Households. Estimated Total Burden Hours: 53,750. OMB Number: 1545–2146. Type of Review: Extension without change of a currently approved collection. Title: REG–120476–07 (TD 9457 (Final)), Employer Comparable Contributions to Health Savings Accounts and Requirement of a Return for Filing of the Excise Taxes under Sections 4980B, 4980D, 4980E and 4980G. Abstract: The information results from the requirement to file a return for the payment of the excise taxes under section 4980B, 4980D, 4980E, and 4980G of the code. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 2,500. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2012–12729 Filed 5–24–12; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request May 22, 2012. The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104–13, on or after the date of publication of this notice. DATES: Comments should be received on or before June 25, 2012 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestion for reducing the burden, to (1) Office of Information and Regulatory E:\FR\FM\25MYN1.SGM 25MYN1 31434 Federal Register / Vol. 77, No. 102 / Friday, May 25, 2012 / Notices Affairs, Office of Management and Budget, Attention: Desk Officer for Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@ OMB.EOP.GOV and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be obtained by calling (202) 927–5331, email at PRA@treasury.gov, or the entire information collection request maybe found at www.reginfo.gov. Bureau of the Public Debt (BPD) OMB Number: 1535–0012. Type of Review: Extension without change of a currently approved collection. Title: Request by Fiduciary for Reissue of United States Savings Bonds. Form: PD F 1455. Abstract: Used by fiduciary to request distribution of U.S. Savings Bonds to the person(s) entitled. Affected Public: Individuals or Households. Estimated Total Burden Hours: 8,850. mstockstill on DSK4VPTVN1PROD with NOTICES OMB Number: 1535–0013. Type of Review: Revision of a currently approved collection. Title: Claim for Lost, Stolen or Destroyed U.S. Savings Bonds and Supplemental Statement For U.S. Securities. Form: PD F 1048; PD F 2243. Abstract: Used by owner or others having knowledge to request substitutes securities or payment of lost, stolen or destroyed securities. Affected Public: Individuals or Households. Estimated Total Burden Hours: 24,000. OMB Number: 1535–0136. Type of Review: Revision of a currently approved collection. Title: Application for Refund of Purchase Price of United States Savings Bonds for Organizations. Form: PD F 5410. Abstract: Used by an organization to request refund of purchase price of United States Savings Bonds. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 50. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2012–12776 Filed 5–24–12; 8:45 am] BILLING CODE 4810–39–P VerDate Mar<15>2010 19:19 May 24, 2012 Jkt 226001 DEPARTMENT OF THE TREASURY Finding That JSC CredexBank Is a Financial Institution of Primary Money Laundering Concern The Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice of finding. AGENCY: Pursuant to the authority contained in 31 U.S.C. 5318A, the Secretary of the Treasury, through his delegate, the Director of FinCEN, finds that reasonable grounds exist for concluding that JSC CredexBank is a financial institution of primary money laundering concern. DATES: The finding made in this notice is effective as of May 25, 2012. FOR FURTHER INFORMATION CONTACT: Regulatory Policy and Programs Division, FinCEN, (800) 949–2732. SUPPLEMENTARY INFORMATION: SUMMARY: I. Background A. Statutory Provisions On October 26, 2001, the President signed into law the Uniting and Strengthening America by Providing Appropriate Tools Required To Intercept and Obstruct Terrorism Act of 2001 (the ‘‘USA PATRIOT Act’’), Public Law 107–56. Title III of the USA PATRIOT Act amends the anti-money laundering provisions of the Bank Secrecy Act (‘‘BSA’’), codified at 12 U.S.C. 1829b and 1951–1959, and 31 U.S.C. 5311–5314 and 5316–5332, to promote prevention, detection, and prosecution of international money laundering and the financing of terrorism. Regulations implementing the BSA appear at 31 CFR Chapter X. The authority of the Secretary of the Treasury (‘‘the Secretary’’) to administer the BSA and its implementing regulations has been delegated to the Director of FinCEN.1 Section 311 of the USA PATRIOT Act (‘‘section 311’’) added 31 U.S.C. section 5318A to the BSA, granting the Secretary the authority, upon finding that reasonable grounds exist for concluding that a foreign jurisdiction, institution, class of transactions, or type of account is of ‘‘primary money laundering concern,’’ to require domestic financial institutions and financial agencies to take certain ‘‘special measures’’ against the primary money laundering concern. Section 311 identifies factors for the Secretary to 1 Therefore, references to the authority of the Secretary of the Treasury under section 311 of the USA PATRIOT Act apply equally to the Director of FinCEN. PO 00000 Frm 00145 Fmt 4703 Sfmt 4703 consider and Federal agencies to consult before the Secretary may conclude that a jurisdiction, institution, class of transaction, or type of account is of primary money laundering concern. The statute also provides similar procedures, i.e., factors and consultation requirements, for selecting the specific special measures to be imposed against the primary money laundering concern. Taken as a whole, section 311 provides the Secretary with a range of options that can be adapted to target specific money laundering and terrorist financing concerns most effectively. Through the imposition of various special measures, the Secretary can gain more information about the jurisdictions, institutions, transactions, or accounts of concern; can more effectively monitor the respective jurisdictions, institutions, transactions, or accounts; or can prohibit U.S. financial institutions from involvement with jurisdictions, institutions, transactions, or accounts that pose a money laundering concern. Before making a finding that reasonable grounds exist for concluding that a financial institution is of primary money laundering concern, the Secretary is required to consult with both the Secretary of State and the Attorney General. The Secretary is also required by section 311, as amended, to consider ‘‘such information as the Secretary determines to be relevant, including the following potentially relevant factors:’’ 2 • The extent to which such financial institutions, transactions, or types of accounts are used to facilitate or promote money laundering in or through the jurisdiction, including any money laundering activity by organized criminal groups, international terrorists, or entities involved in the proliferation of weapons of mass destruction or missiles; • The extent to which such institutions, transactions, or types of accounts are used for legitimate business purposes in the jurisdiction; and • The extent to which such action is sufficient to ensure, with respect to transactions involving the jurisdiction and institutions operating in the jurisdiction, that the purposes of this subchapter continue to be fulfilled, and to guard against international money laundering and other financial crimes.3 If the Secretary determines that reasonable grounds exist for concluding that a financial institution is of primary 2 31 U.S.C. 5318A(c)(2). Section II,D below for an additional factor relevant to this action. 3 See E:\FR\FM\25MYN1.SGM 25MYN1

Agencies

[Federal Register Volume 77, Number 102 (Friday, May 25, 2012)]
[Notices]
[Pages 31433-31434]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-12776]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 22, 2012.
    The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before June 25, 2012 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestion for reducing 
the burden, to (1) Office of Information and Regulatory

[[Page 31434]]

Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at OIRA_Submission@OMB.EOP.GOV and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140, Washington, 
DC 20220, or at PRA@treasury.gov.

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at PRA@treasury.gov, or the 
entire information collection request maybe found at www.reginfo.gov.

Bureau of the Public Debt (BPD)

    OMB Number: 1535-0012.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Request by Fiduciary for Reissue of United States Savings 
Bonds.
    Form: PD F 1455.
    Abstract: Used by fiduciary to request distribution of U.S. Savings 
Bonds to the person(s) entitled.
    Affected Public: Individuals or Households.
    Estimated Total Burden Hours: 8,850.

    OMB Number: 1535-0013.
    Type of Review: Revision of a currently approved collection.
    Title: Claim for Lost, Stolen or Destroyed U.S. Savings Bonds and 
Supplemental Statement For U.S. Securities.
    Form: PD F 1048; PD F 2243.
    Abstract: Used by owner or others having knowledge to request 
substitutes securities or payment of lost, stolen or destroyed 
securities.
    Affected Public: Individuals or Households.
    Estimated Total Burden Hours: 24,000.

    OMB Number: 1535-0136.
    Type of Review: Revision of a currently approved collection.
    Title: Application for Refund of Purchase Price of United States 
Savings Bonds for Organizations.
    Form: PD F 5410.
    Abstract: Used by an organization to request refund of purchase 
price of United States Savings Bonds.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 50.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012-12776 Filed 5-24-12; 8:45 am]
BILLING CODE 4810-39-P
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