Agency Information Collection Activities; Submission for OMB Review; Comment Request; Prohibited Transaction Class Exemption 1998-54 Relating to Certain Employee Benefit Plan Foreign Exchange Transactions Executed Pursuant to Standing Instructions, 35575-35576 [2014-14553]
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Federal Register / Vol. 79, No. 120 / Monday, June 23, 2014 / Notices
collection techniques or other forms
of information technology, e.g.,
permitting electronic submission of
responses.
DEPARTMENT OF JUSTICE
[OMB Number 1117–0051]
Agency Information Collection
Activities; Proposed eCollection
eComments Requested; Extension of a
Previously Approved Collection Red
Ribbon Week Patch
Drug Enforcement
Administration, Department of Justice.
ACTION: 60-Day notice.
AGENCY:
The Department of Justice
(DOJ), Drug Enforcement
Administration (DEA), will be
submitting the following information
collection request to the Office of
Management and Budget (OMB) for
review and approval in accordance with
the Paperwork Reduction Act of 1995.
The proposed information collection is
published to obtain comments from the
public and affected agencies.
DATES: Comments are encouraged and
will be accepted for 60 days until
August 22, 2014.
FOR FURTHER INFORMATION CONTACT: If
you have additional comments
especially on the estimated public
burden or associated response time,
suggestions, or need a copy of the
proposed information collection
instrument with instructions or
additional information, please contact
Deb Augustine, Acting Chief, Demand
Reduction Section, 8701 Morrissette
Drive, Springfield, VA 22152 (phone:
202–307–4777).
SUPPLEMENTARY INFORMATION: This
process is conducted in accordance with
5 CFR 1320.10. Written comments and
suggestions from the public and affected
agencies concerning the proposed
collection of information are
encouraged. Your comments should
address one or more of the following
four points:
—Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the Bureau of Justice
Statistics, including whether the
information will have practical utility;
—Evaluate the accuracy of the agency’s
estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
—Evaluate whether and if so how the
quality, utility, and clarity of the
information to be collected can be
enhanced; and
—Minimize the burden of the collection
of information on those who are to
respond, including through the use of
appropriate automated, electronic,
mechanical, or other technological
emcdonald on DSK67QTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:33 Jun 20, 2014
Jkt 232001
Overview of this information collection:
1. Type of Information Collection:
Extension of a previously approved
collection.
2. The Title of the Form/Collection:
Red Ribbon Week Patch Activity Report.
3. The agency form number, if any
and the applicable component of the
Department sponsoring the collection:
The form number is DEA–316a. The
applicable component within the
Department of Justice is the Drug
Enforcement Administration, Demand
Reduction Section.
4. Affected public who will be asked
or required to respond, as well as a brief
abstract:
Primary: Boy Scout and Girl Scout
Troop Leaders.
Other: None.
DEA is requesting approval of an
extension, with change, to an existing
collection that requests information
from Boy/Girl Scout Troop Leaders who
express an interest in participating in
DEA Red Ribbon Week Activities. This
information is then used to mail patches
to participants as indication of
completion of the suggested activities.
5. An estimate of the total number of
respondents and the amount of time
estimated for an average respondent to
respond: An estimated 450 Boy/Girl
Scout troop leaders will take part in the
Red Ribbon Week Patch activities. It is
estimated that it will take 10 minutes to
complete the DEA–316a, DEA Red
Ribbon Week Patch Activity Report.
6. An estimate of the total public
burden (in hours) associated with the
collection: The estimated public burden
associated with this collection is 75
hours.
If additional information is required
contact: Jerri Murray, Department
Clearance Officer, United States
Department of Justice, Justice
Management Division, Policy and
Planning Staff, Two Constitution
Square, 145 N Street NE., 3E.405B,
Washington, DC 20530.
Dated: June 18, 2014.
Jerri Murray,
Department Clearance Officer for PRA, U.S.
Department of Justice.
[FR Doc. 2014–14580 Filed 6–20–14; 8:45 am]
BILLING CODE 4410–09–P
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35575
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Prohibited
Transaction Class Exemption 1998–54
Relating to Certain Employee Benefit
Plan Foreign Exchange Transactions
Executed Pursuant to Standing
Instructions
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
(EBSA) sponsored information
collection request (ICR) titled,
‘‘Prohibited Transaction Class
Exemption 1998–54 Relating to Certain
Employee Benefit Plan Foreign
Exchange Transactions Executed
Pursuant to Standing Instructions,’’ to
the Office of Management and Budget
(OMB) for review and approval for
continued use, without change, in
accordance with the Paperwork
Reduction Act of 1995 (PRA), 44 U.S.C.
3501 et seq. Public comments on the
ICR are invited.
DATES: The OMB will consider all
written comments that agency receives
on or before July 23, 2014.
ADDRESSES: A copy of this ICR with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained free of charge from the
RegInfo.gov Web site at https://
www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201404-1210-001
(this link will only become active on the
day following publication of this notice)
or by contacting Michel Smyth by
telephone at 202–693–4129, TTY 202–
693–8064, (these are not toll-free
numbers) or by email at DOL_PRA_
PUBLIC@dol.gov.
Submit comments about this request
by mail or courier to the Office of
Information and Regulatory Affairs,
Attn: OMB Desk Officer for DOL–EBSA,
Office of Management and Budget,
Room 10235, 725 17th Street NW.,
Washington, DC 20503; by Fax: 202–
395–6881 (this is not a toll-free
number); or by email: OIRA_
submission@omb.eop.gov. Commenters
are encouraged, but not required, to
send a courtesy copy of any comments
by mail or courier to the U.S.
Department of Labor—OASAM, Office
of the Chief Information Officer, Attn:
Departmental Information Compliance
Management Program, Room N1301,
200 Constitution Avenue NW.,
SUMMARY:
E:\FR\FM\23JNN1.SGM
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35576
Federal Register / Vol. 79, No. 120 / Monday, June 23, 2014 / Notices
Washington, DC 20210; or by email:
DOL_PRA_PUBLIC@dol.gov.
FOR FURTHER INFORMATION CONTACT:
Michel Smyth by telephone at 202–693–
4129, TTY 202–693–8064, (these are not
toll-free numbers) or by email at DOL_
PRA_PUBLIC@dol.gov.
Authority: 44 U.S.C. 3507(a)(1)(D).
This ICR
seeks to extend PRA authority for the
information collection requirements
contained in Prohibited Transaction
Class Exemption (PTE) 1998–54, which
relates to certain employee benefit plan
foreign exchange transactions executed
pursuant to standing instructions. The
PTE permits certain foreign exchange
transactions between employee benefit
plans and certain banks and brokerdealers that are parties in interest with
respect to such plans. In order that such
transactions will be consistent with the
requirements of Employee Retirement
Income Security Act (ERISA) section
408(a), 29 U.S.C. 1108(a), the PTE
imposes the following conditions at the
time the foreign exchange transaction is
entered into: (a) The terms of the
transaction must not be less favorable
than those available in comparable
arm’s-length transactions between
unrelated parties or those afforded by
the bank or the broker-dealer in
comparable arm’s-length transactions
involving unrelated parties; (b) neither
the bank nor the broker-dealer has any
discretionary authority with respect to
the investment of the assets involved in
the transaction; (c) the bank or brokerdealer maintains at all times written
policies and procedures regarding the
handling of foreign exchange
transactions for plans for which it is a
party in interest which ensure that the
party acting for the bank or the brokerdealer knows it is dealing with a plan;
(d) the transactions are performed in
accordance with a written authorization
executed in advance by an independent
fiduciary of the plan whose assets are
involved in the transaction and who is
independent of the bank or brokerdealer engaging in the covered
transaction; (e) transactions are
executed within one business day of
receipt of funds; (f) the bank or the
broker-dealer, at least once a day at a
time specified in written procedures,
establishes a rate or range of rates of
exchange to be used for the transactions
covered by this exemption and executes
transactions at either the next scheduled
time or no later than twenty-four (24)
hours after receipt of notice of receipt of
funds; (g) prior to execution of a
transaction, the bank or the brokerdealer provides the authorizing
fiduciary with a copy of the applicable
emcdonald on DSK67QTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Mar<15>2010
17:33 Jun 20, 2014
Jkt 232001
written policies and procedures for
foreign exchange transactions involving
income item conversions and de
minimis purchase and sale transactions;
(h) the bank or the broker-dealer
furnishes the authorizing fiduciary a
written confirmation statement with
respect to each covered transaction
within five (5) days of execution; and (i)
the bank or the broker-dealer maintains,
for six (6) years after the date of the
transaction, records necessary for plan
fiduciaries, participants, and the DOL
and Internal Revenue Service to
determine whether the conditions of the
exemption have been met. See 63 FR
63503. The Internal Revenue Code and
ERISA authorize this information
collection. See 26 U.S.C. 4975 and 29
U.S.C. 1108.
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information that does not
display a valid Control Number. See 5
CFR 1320.5(a) and 1320.6. The DOL
obtains OMB approval for this
information collection under Control
Number 1210–0111.
OMB authorization for an ICR cannot
be for more than three (3) years without
renewal, and the current approval for
this collection is scheduled to expire on
June 30, 2014. The DOL seeks to extend
PRA authorization for this information
collection for three (3) more years,
without any change to existing
requirements. The DOL notes that
existing information collection
requirements submitted to the OMB
receive a month-to-month extension
while they undergo review. For
additional substantive information
about this ICR, see the related notice
published in the Federal Register on
November 29, 2013 (78 FR 71668).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within 30 days of publication of
this notice in the Federal Register. In
order to help ensure appropriate
consideration, comments should
mention OMB Control Number 1210–
0111. The OMB is particularly
interested in comments that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
PO 00000
Frm 00065
Fmt 4703
Sfmt 4703
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
Agency: DOL–EBSA.
Title of Collection: Prohibited
Transaction Class Exemption 1998–54
Relating to Certain Employee Benefit
Plan Foreign Exchange Transactions
Executed Pursuant to Standing
Instructions.
OMB Control Number: 1210–0111.
Affected Public: Private Sectorbusinesses or other for-profits and notfor-profit institutions.
Total Estimated Number of
Respondents: 35.
Total Estimated Number of
Responses: 420,000.
Total Estimated Annual Time Burden:
4,200 hours.
Total Estimated Annual Other Costs
Burden: $0.
Dated: June 5, 2014.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2014–14553 Filed 6–20–14; 8:45 am]
BILLING CODE 4510–29–P
LEGAL SERVICES CORPORATION
Sunshine Act Meeting Notice
The Legal Services
Corporation’s Finance Committee will
meet telephonically on June 27, 2014.
The meeting will commence at 1:00
p.m., EDT, and will continue until the
conclusion of the Committee’s agenda.
LOCATION: John N. Erlenborn Conference
Room, Legal Services Corporation
Headquarters, 3333 K Street NW.,
Washington, DC 20007.
PUBLIC OBSERVATION: Members of the
public who are unable to attend in
person but wish to listen to the public
proceedings may do so by following the
telephone call-in directions provided
below.
CALL-IN DIRECTIONS FOR OPEN SESSIONS:
• Call toll-free number: 1–866–451–
4981;
DATE AND TIME:
E:\FR\FM\23JNN1.SGM
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]]>Agencies
[Federal Register Volume 79, Number 120 (Monday, June 23, 2014)]
[Notices]
[Pages 35575-35576]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-14553]
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DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Prohibited Transaction Class Exemption 1998-54
Relating to Certain Employee Benefit Plan Foreign Exchange Transactions
Executed Pursuant to Standing Instructions
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (DOL) is submitting the Employee
Benefits Security Administration (EBSA) sponsored information
collection request (ICR) titled, ``Prohibited Transaction Class
Exemption 1998-54 Relating to Certain Employee Benefit Plan Foreign
Exchange Transactions Executed Pursuant to Standing Instructions,'' to
the Office of Management and Budget (OMB) for review and approval for
continued use, without change, in accordance with the Paperwork
Reduction Act of 1995 (PRA), 44 U.S.C. 3501 et seq. Public comments on
the ICR are invited.
DATES: The OMB will consider all written comments that agency receives
on or before July 23, 2014.
ADDRESSES: A copy of this ICR with applicable supporting documentation;
including a description of the likely respondents, proposed frequency
of response, and estimated total burden may be obtained free of charge
from the RegInfo.gov Web site at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201404-1210-001 (this link will only become active
on the day following publication of this notice) or by contacting
Michel Smyth by telephone at 202-693-4129, TTY 202-693-8064, (these are
not toll-free numbers) or by email at DOL_PRA_PUBLIC@dol.gov.
Submit comments about this request by mail or courier to the Office
of Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL-
EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW.,
Washington, DC 20503; by Fax: 202-395-6881 (this is not a toll-free
number); or by email: OIRA_submission@omb.eop.gov. Commenters are
encouraged, but not required, to send a courtesy copy of any comments
by mail or courier to the U.S. Department of Labor--OASAM, Office of
the Chief Information Officer, Attn: Departmental Information
Compliance Management Program, Room N1301, 200 Constitution Avenue NW.,
[[Page 35576]]
Washington, DC 20210; or by email: DOL_PRA_PUBLIC@dol.gov.
FOR FURTHER INFORMATION CONTACT: Michel Smyth by telephone at 202-693-
4129, TTY 202-693-8064, (these are not toll-free numbers) or by email
at DOL_PRA_PUBLIC@dol.gov.
Authority: 44 U.S.C. 3507(a)(1)(D).
SUPPLEMENTARY INFORMATION: This ICR seeks to extend PRA authority for
the information collection requirements contained in Prohibited
Transaction Class Exemption (PTE) 1998-54, which relates to certain
employee benefit plan foreign exchange transactions executed pursuant
to standing instructions. The PTE permits certain foreign exchange
transactions between employee benefit plans and certain banks and
broker-dealers that are parties in interest with respect to such plans.
In order that such transactions will be consistent with the
requirements of Employee Retirement Income Security Act (ERISA) section
408(a), 29 U.S.C. 1108(a), the PTE imposes the following conditions at
the time the foreign exchange transaction is entered into: (a) The
terms of the transaction must not be less favorable than those
available in comparable arm's-length transactions between unrelated
parties or those afforded by the bank or the broker-dealer in
comparable arm's-length transactions involving unrelated parties; (b)
neither the bank nor the broker-dealer has any discretionary authority
with respect to the investment of the assets involved in the
transaction; (c) the bank or broker-dealer maintains at all times
written policies and procedures regarding the handling of foreign
exchange transactions for plans for which it is a party in interest
which ensure that the party acting for the bank or the broker-dealer
knows it is dealing with a plan; (d) the transactions are performed in
accordance with a written authorization executed in advance by an
independent fiduciary of the plan whose assets are involved in the
transaction and who is independent of the bank or broker-dealer
engaging in the covered transaction; (e) transactions are executed
within one business day of receipt of funds; (f) the bank or the
broker-dealer, at least once a day at a time specified in written
procedures, establishes a rate or range of rates of exchange to be used
for the transactions covered by this exemption and executes
transactions at either the next scheduled time or no later than twenty-
four (24) hours after receipt of notice of receipt of funds; (g) prior
to execution of a transaction, the bank or the broker-dealer provides
the authorizing fiduciary with a copy of the applicable written
policies and procedures for foreign exchange transactions involving
income item conversions and de minimis purchase and sale transactions;
(h) the bank or the broker-dealer furnishes the authorizing fiduciary a
written confirmation statement with respect to each covered transaction
within five (5) days of execution; and (i) the bank or the broker-
dealer maintains, for six (6) years after the date of the transaction,
records necessary for plan fiduciaries, participants, and the DOL and
Internal Revenue Service to determine whether the conditions of the
exemption have been met. See 63 FR 63503. The Internal Revenue Code and
ERISA authorize this information collection. See 26 U.S.C. 4975 and 29
U.S.C. 1108.
This information collection is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a collection of information, and
the public is generally not required to respond to an information
collection, unless it is approved by the OMB under the PRA and displays
a currently valid OMB Control Number. In addition, notwithstanding any
other provisions of law, no person shall generally be subject to
penalty for failing to comply with a collection of information that
does not display a valid Control Number. See 5 CFR 1320.5(a) and
1320.6. The DOL obtains OMB approval for this information collection
under Control Number 1210-0111.
OMB authorization for an ICR cannot be for more than three (3)
years without renewal, and the current approval for this collection is
scheduled to expire on June 30, 2014. The DOL seeks to extend PRA
authorization for this information collection for three (3) more years,
without any change to existing requirements. The DOL notes that
existing information collection requirements submitted to the OMB
receive a month-to-month extension while they undergo review. For
additional substantive information about this ICR, see the related
notice published in the Federal Register on November 29, 2013 (78 FR
71668).
Interested parties are encouraged to send comments to the OMB,
Office of Information and Regulatory Affairs at the address shown in
the ADDRESSES section within 30 days of publication of this notice in
the Federal Register. In order to help ensure appropriate
consideration, comments should mention OMB Control Number 1210-0111.
The OMB is particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used;
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including through the use of appropriate
automated, electronic, mechanical, or other technological collection
techniques or other forms of information technology, e.g., permitting
electronic submission of responses.
Agency: DOL-EBSA.
Title of Collection: Prohibited Transaction Class Exemption 1998-54
Relating to Certain Employee Benefit Plan Foreign Exchange Transactions
Executed Pursuant to Standing Instructions.
OMB Control Number: 1210-0111.
Affected Public: Private Sector-businesses or other for-profits and
not-for-profit institutions.
Total Estimated Number of Respondents: 35.
Total Estimated Number of Responses: 420,000.
Total Estimated Annual Time Burden: 4,200 hours.
Total Estimated Annual Other Costs Burden: $0.
Dated: June 5, 2014.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2014-14553 Filed 6-20-14; 8:45 am]
BILLING CODE 4510-29-P
