Proposed Collection; Comment Request for Form 8849, 35638-35639 [2014-14609]
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35638
Federal Register / Vol. 79, No. 120 / Monday, June 23, 2014 / Notices
emcdonald on DSK67QTVN1PROD with NOTICES
Memorandum item 1 would continue
to collect the institution’s total current
credit exposure amount for all interest
rate, foreign exchange rate, gold, credit,
commodity, equity, and other derivative
contracts covered by the revised
regulatory capital rules after considering
applicable legally enforceable bilateral
netting agreements.
Memorandum items 2 and 3,
respectively, would collect, by
remaining maturity and type of contract,
the notional principal amounts of the
institution’s over-the-counter and
centrally cleared derivative contracts
subject to the revised regulatory capital
rules. Data on interest rate, foreign
exchange rate and gold, credit
(investment grade reference assets),
credit (non-investment grade reference
assets), equity, precious metals (except
gold), and other derivative contracts
would be reported separately. At
present, institutions report these
notional principal amounts and
remaining maturities, but without
distinguishing between over-the-counter
and centrally cleared derivatives. In
addition, foreign exchange rate contracts
and gold contracts would be combined
in Memorandum items 2 and 3, whereas
each of these two types of contracts
currently is reported separately in
Memorandum item 2.
III. Discussion of Proposed Changes to
Call Report Schedule RC–L
This section describes the proposed
changes to Call Report Schedule RC–L
to implement the reporting of securities
lent and borrowed consistent with the
revised regulatory capital rules.
Effective for the March 31, 2015, report
date, the existing line item for securities
lent (current item 6 of Schedule RC–L)
would be renumbered and the existing
reporting requirements for securities
borrowed (current items 9 and 9.a)
would be revised as described below.
Call Report filers should refer to the
revised regulatory capital rules and the
proposed reporting instructions for
revised Schedule RC–L for further
information.
In current Schedule RC–L, securities
lent and borrowed are reported
separately, not in sequential order.
Furthermore, all institutions must report
securities lent, but securities borrowed
are reported and disclosed only if the
amount exceeds specified thresholds.
Securities borrowed are included in
item 9, ‘‘All other off-balance sheet
liabilities,’’ if the amount of securities
borrowed is more than 10 percent of
Schedule RC, item 27.a, ‘‘Total bank
equity capital.’’ If the amount of
securities borrowed is greater than 25
percent of total bank equity capital, then
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17:33 Jun 20, 2014
Jkt 232001
that amount is reported separately in
item 9.a, ‘‘Securities borrowed.’’
Proposed line item 6.a would be used
for reporting securities lent and item 6.b
would be used for reporting securities
borrowed. The total amount of securities
borrowed would be reported in line
item 6.b regardless of amount, not just
when the amount is more than the 10
percent bank equity capital threshold, as
is currently the case.
IV. Scope and Frequency of Reporting
The proposed regulatory reporting
changes to the risk-weighted assets
portion of Call Report Schedule RC–R
and to the reporting of securities lent
and borrowed in Schedule RC–L would
apply to all Call Report filers for report
dates beginning in 2015. Each reporting
entity would continue to submit the
applicable quarterly reports on the same
due dates as are currently in effect for
the reporting entity. In addition, the
agencies expect all reporting entities to
meet the existing reporting standards for
accuracy and other requirements as
currently mandated by their primary
federal supervisor.
See section I.B of this notice for a
detailed discussion of the timing for the
implementation of the proposed
reporting changes.
Public comment is requested on all
aspects of this joint notice. In particular,
do institutions expect that making any
specific line items on the proposed
revised risk-weighted assets portion of
Call Report Schedule RC–R public
would cause them competitive or other
harm? If so, identify the specific line
items and describe in detail the nature
of the harm.
Specifically, comments are invited on:
(a) Whether the collections of
information that are the subject of this
notice are necessary for the proper
performance of the agencies’ functions,
including whether the information has
practical utility;
(b) The accuracy of the agencies’
estimates of the burden of the
information collections as they are
proposed to be revised, including the
validity of the methodology and
assumptions used;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
information collections 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,
Frm 00127
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Dated: June 16, 2014.
Stuart Feldstein,
Director, Legislative and Regulatory Activities
Division, Office of the Comptroller of the
Currency.
Board of Governors of the Federal Reserve
System, June 16, 2014.
Robert deV. Frierson,
Secretary of the Board.
Dated at Washington, DC, this 16 day of
June, 2014.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2014–14549 Filed 6–20–14; 8:45 am]
BILLING CODE 4810–33–P;6210–01–P;6714–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8849
Internal Revenue Service (IRS),
Treasury
ACTION: Notice and request for
comments
AGENCY:
V. Request for Comment
PO 00000
maintenance, and purchase of services
to provide information.
Comments submitted in response to
this joint notice will be shared among
the agencies and will be summarized or
included in the agencies’ requests for
OMB approval. All comments will
become a matter of public record.
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
8849, Claim for Refund of Excise Taxes.
DATES: Written comments should be
received on or before August 22, 2014
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 Martha R. Brinson,
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet, at Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:
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Federal Register / Vol. 79, No. 120 / Monday, June 23, 2014 / Notices
emcdonald on DSK67QTVN1PROD with NOTICES
Title: Claim for Refund of Excise
Taxes.
OMB Number: 1545–1420.
Form Number: 8849.
Abstract: IRC Sections 6402, 6404,
6511 and sections 301.6402–2,
301.6404–1, and 301.6404–3 of the
regulations allow for refunds of taxes
(except income taxes) or refund,
abatement, or credit or interest,
penalties, and additions to tax in the
event of errors or certain actions by the
IRS. Form 8849 is used by taxpayers to
claim refunds of excise taxes.
Current Actions: Changes were made
to Schedule 3 (Form 8849) as a result of
the expiration of credits for biodiesel
and renewable diesel, and alternative
fuel and alternative fuel mixtures after
12/31/2013. These credits had
previously expired at the end of 2011
and were extended retroactively in
2013. As a result of the expiration,
Schedule 3 (Form 8849) is only used to
claim the Alternative Fuel Credit, for
Liquefied Hydrogen. Changes to
Schedule 3 (Form 8849), will decrease
the overall burden by 26,660 hours.
Type of Review: Revisions of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, and not-for-profit
institutions, farms, and Federal, state,
local or tribal governments.
Estimated Number of Responses:
111,147.
Estimated Time per Response: 8
hours, 31 minutes.
Estimated Total Annual Burden
Hours: 946,827.
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17:33 Jun 20, 2014
Jkt 232001
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.
PO 00000
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Fmt 4703
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35639
Approved: June 17, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–14609 Filed 6–20–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
United States Mint
Pricing for the 50th Anniversary
Kennedy Half-Dollar Silver Coin
Collection and 50th Anniversary
Kennedy Half-Dollar Uncirculated Coin
Set
United States Mint, Department
of the Treasury.
AGENCY:
ACTION:
Notice.
The United States Mint is
announcing a price of $99.95 for the
50th Anniversary Kennedy Half-Dollar
Silver Coin Collection and a price of
$9.95 for the 50th Anniversary Kennedy
Half-Dollar Uncirculated Coin Set.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Marc Landry, Acting Associate Director
for Sales and Marketing; United States
Mint; 801 9th Street NW., Washington,
DC 20220; or call 202–354–7500.
Authority: 31 U.S.C. 5111, 5112 & 9701.
Dated: June 17, 2014.
Richard A. Peterson,
Deputy Director, United States Mint.
[FR Doc. 2014–14587 Filed 6–20–14; 8:45 am]
BILLING CODE P
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]]>Agencies
[Federal Register Volume 79, Number 120 (Monday, June 23, 2014)]
[Notices]
[Pages 35638-35639]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-14609]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8849
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 8849, Claim for Refund of Excise Taxes.
DATES: Written comments should be received on or before August 22, 2014
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 Martha R.
Brinson, Internal Revenue Service, Room 6129, 1111 Constitution Avenue
NW., Washington, DC 20224, or through the internet, at
Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
[[Page 35639]]
Title: Claim for Refund of Excise Taxes.
OMB Number: 1545-1420.
Form Number: 8849.
Abstract: IRC Sections 6402, 6404, 6511 and sections 301.6402-2,
301.6404-1, and 301.6404-3 of the regulations allow for refunds of
taxes (except income taxes) or refund, abatement, or credit or
interest, penalties, and additions to tax in the event of errors or
certain actions by the IRS. Form 8849 is used by taxpayers to claim
refunds of excise taxes.
Current Actions: Changes were made to Schedule 3 (Form 8849) as a
result of the expiration of credits for biodiesel and renewable diesel,
and alternative fuel and alternative fuel mixtures after 12/31/2013.
These credits had previously expired at the end of 2011 and were
extended retroactively in 2013. As a result of the expiration, Schedule
3 (Form 8849) is only used to claim the Alternative Fuel Credit, for
Liquefied Hydrogen. Changes to Schedule 3 (Form 8849), will decrease
the overall burden by 26,660 hours.
Type of Review: Revisions of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households, and not-for-profit institutions, farms, and
Federal, state, local or tribal governments.
Estimated Number of Responses: 111,147.
Estimated Time per Response: 8 hours, 31 minutes.
Estimated Total Annual Burden Hours: 946,827.
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 17, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-14609 Filed 6-20-14; 8:45 am]
BILLING CODE 4830-01-P
