Financial Research Advisory Committee, 24316-24317 [2015-10087]

Download as PDF 24316 Federal Register / Vol. 80, No. 83 / Thursday, April 30, 2015 / Notices mstockstill on DSK4VPTVN1PROD with NOTICES taxpaid (or tax deferred) Puerto Rican distilled spirits and other alcohol products to the United States. Puerto Rican and U.S. Treasury Department officials review the form to certify that the products are either taxpaid or tax deferred under appropriate bond. This serves as a method of protecting the revenue. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 100. OMB Number: 1513–0037. Type of Review: Revision of a currently approved collection. Title: Withdrawal of Spirits, Specially Denatured Spirits, or Wines for Exportation. Form: TTB F 5100.11. Abstract: Exporters complete TTB F 5100.11 to report the withdrawal of spirits, denatured spirits, and wines from internal revenue bonded premises, without payment of tax, for direct exportation, for transfer to a foreign trade zone, Customs manufacturer’s bonded warehouse or Customs bonded warehouse, or for use as supplies on vessels or aircraft. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 1,500. OMB Number: 1513–0040. Type of Review: Revision of a currently approved collection. Title: Application for Operating Permit Under 26 U.S.C. 5171(d). Form: TTB F 5110.25. Abstract: Applicants that wish to engage in the production, warehousing, or bottling of alcohol for industrial use, or that wish to warehouse bulk distilled spirits for non-industrial use without bottling, use TTB F 5110.25 to apply for an operation permit, as required by the Internal Revenue Code at 26 U.S.C. 5171(d). TTB National Revenue Center personnel use the information provided on this form to identify the applicant, the location of the business, the types of activities to be conducted, and the qualifications of the applicant. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 25. OMB Number: 1513–0042. Type of Review: Revision of a currently approved collection. Title: Drawback on Distilled Spirits Exported. Form: TTB F 5110.30. Abstract: Persons who export tax-paid distilled spirits use TTB F 5110.30 to claim drawback of the Federal alcohol excise taxes paid. The form requests information regarding the claimant, the tax-paid spirits exported, the amount of VerDate Sep<11>2014 17:01 Apr 29, 2015 Jkt 235001 tax to be refunded, and a certification by a U.S. government agent attesting to the exportation. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 1,200. OMB Number: 1513–0043. Type of Review: Extension without change of a currently approved collection. Title: Application and Permit to Ship Puerto Rican Spirits to the United States Without Payment of Tax. Form: TTB F 5110.31. Abstract: TTB F 5110.31 is used by industry members to ship Puerto Rican distilled spirits in bulk into the United States without payment of tax. The form identifies the person in Puerto Rico shipping the spirits, from where shipments are to be made, the person in the U.S. receiving the spirits, and the amount of spirits to be shipped. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 750. Dated: April 27, 2015. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2015–10091 Filed 4–29–15; 8:45 am] BILLING CODE 4810–31P DEPARTMENT OF THE TREASURY Financial Research Advisory Committee Office of Financial Research, Treasury. ACTION: Financial Research Advisory Committee—Solicitation of Applications for Committee Membership. AGENCY: The Office of Financial Research is soliciting applications for membership on its Financial Research Advisory Committee. FOR FURTHER INFORMATION CONTACT: Andrea B. Ianniello, Designated Federal Officer, Office of Financial Research, Department of the Treasury, (202) 622– 3002. SUPPLEMENTARY INFORMATION: Pursuant to the Federal Advisory Committee Act, (Pub. L. 92–463, 5 U.S.C. App. 2 § 1–16, as amended), the Treasury Department established a Financial Research Advisory Committee (FRAC, or Committee) to provide advice and recommendations to the Office of Financial Research (OFR) and to assist the OFR in carrying out its duties and authorities. SUMMARY: PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 (I) Authorities of the OFR Background The OFR was established under Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111–203, July 21, 2010). The purpose of the OFR is to support the Financial Stability Oversight Council (Council) in fulfilling the purposes and duties of the Council and to support the Council’s member agencies by: —Collecting data on behalf of the Council, and providing such data to the Council and member agencies; —Standardizing the types and formats of data reported and collected; —Performing applied research and essential long-term research; —Developing tools for risk measurement and monitoring; —Performing other related services; —Making the results of the activities of the OFR available to financial regulatory agencies; and —Assisting such member agencies in determining the types and formats of data authorized by the DoddFrank Act to be collected by such member agencies. (II) Scope and Membership of the FRAC The FRAC was established to advise the OFR on issues related to the responsibilities of the office. It may provide its advice, recommendations, analysis, and information directly to the OFR and the OFR may share the Committee’s advice and recommendations with the Secretary of the Treasury or other Treasury officials. The OFR will share information with the Committee as the Director determines will be helpful in allowing the FRAC to carry out its role. The FRAC is an advisory committee that was established on April 6, 2012 and renewed on April 4, 2014. The OFR is currently soliciting applications for membership in order to provide for rotation of membership, as provided in its original and renewed charter, as well as to provide for a diverse and balanced body with a variety of interests, backgrounds, and viewpoints represented. Providing for such diversity enhances the views and advice offered by the FRAC. (II) Application for Advisory Committee Appointment Treasury seeks applications from individuals representative of a constituency within the fields of economics, financial institutions and markets, statistical analysis, financial markets analysis, econometrics, applied sciences, risk management, data management, information standards, E:\FR\FM\30APN1.SGM 30APN1 Federal Register / Vol. 80, No. 83 / Thursday, April 30, 2015 / Notices technology, or other areas related to OFR’s duties and authorities. The terms of members chosen to serve may vary from one to three years. No person who is a Federally-registered lobbyist may serve on the Committee. Membership on the Committee is limited to the individuals appointed and is nontransferrable. Regular attendance is essential to the effective operation of the Committee. Some members of the Committee may be required to adhere to the conflict of interest rules applicable to Special Government Employees, as such employees are defined in 18 U.S.C. 202(a). These rules include relevant provisions in 18 U.S.C. related to criminal activity, Standards of Ethical Conduct for Employees of the Executive Branch (5 CFR part 2635), and Executive Order 12674 (as modified by Executive Order 12731). To apply, an applicant must submit an appropriately-detailed resume and a cover letter describing their interest, reasons for application, and qualifications. In accordance with Department of Treasury Directive 21–03, a clearance process includes fingerprints, tax checks, and a Federal Bureau of Investigation criminal check. Applicants must state in their application that they agree to submit to these pre-appointment checks. The application period for interested candidates will extend to May 11, 2015. Applications should be submitted in sufficient time to be received by the close of business on the closing date and should be sent to Andrea.B.IannielloOFR@treasury.gov or by mail to: Office of Financial Research, Department of the Treasury, Attention: Andrea B. Ianniello, 1500 Pennsylvania Avenue NW., MT–1330, Washington, DC 20220. Dated: April 20, 2015. William Ruberry, Associate Director, Communications. [FR Doc. 2015–10087 Filed 4–29–15; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request Department of the Treasury. Notice. mstockstill on DSK4VPTVN1PROD with NOTICES AGENCY: ACTION: 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– SUMMARY: VerDate Sep<11>2014 17:01 Apr 29, 2015 Jkt 235001 13, on or after the date of publication of this notice. DATES: Comments should be received on or before June 1, 2015 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions 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 email 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 may be found at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Internal Revenue Service (IRS) OMB Number: 1545–0143. Type of Review: Revision of a currently approved collection. Title: Heavy Highway Vehicle Use Tax Return. Form: 2290, 2290–SP, 2290–V, 2290– V(SP). Abstract: Form 2290 is used to compute and report the tax imposed by section 4481 on the highway use of certain motor vehicles. The information is used to determine whether the taxpayer has paid the correct amount of tax. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 27,120,040. OMB Number: 1545–0240. Type of Review: Extension without change of a currently approved collection. Title: Claim for Refund of Income Tax Return Preparer Penalties. Form: 6118. Abstract: Form 6118 is used by preparers to file for a refund of penalties incorrectly charged. The information enables the IRS to process the claim and have the refund issued to the tax return preparer. Affected Public: Individuals or Households. Estimated Annual Burden Hours: 11,400. OMB Number: 1545–0429. Type of Review: Extension without change of a currently approved collection. PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 24317 Title: Request for Copy of Tax Return. Form: 4506. Abstract: 26 U.S.C. 7513 allows for taxpayers to request a copy of a tax return. Form 4506 is used by a taxpayer to request a copy of a Federal tax form. The information provided will be used for research to locate the tax form and to ensure that the requester is the taxpayer or someone authorized by the taxpayer. Affected Public: Individuals or Households. Estimated Annual Burden Hours: 260,000. OMB Number: 1545–0499. Type of Review: Extension without change of a currently approved collection. Title: Simplified Employee PensionIndividual Retirement Accounts Contribution Agreement. Form: 5305–SEP. Abstract: This form is used by an employer to make an agreement to provide benefits to all employees under a Simplified Employee Pension (SEP) described in section 408(k). This form is not to be filed with the IRS but to be retained in the employer’s records as proof of establishing a SEP and justifying a deduction for contributions to the SEP. The data is used to verify the deduction. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 495,000. OMB Number: 1545–0768. Type of Review: Extension without change of a currently approved collection. Title: TD 7898—Employers Qualified Educational Assistance Programs. Abstract: Section 127(a) of the Internal Revenue Code provides that the gross income of any employee does not include amounts paid or expenses incurred by an employer if furnished to the employee pursuant to a qualified educational assistance program. Section 127(b) sets forth the requirements which must be met in order for a program to be a qualified educational assistance program. Among these requirements, section 127(b)(1) requires that a program be a separate written plan of the employer. No advance approval of the plan is required. Employees must be notified of the availability and terms of the program. Pursuant to sec. 6001, substantiation may be required to verify that employees are entitled to exclude the value of such benefits from their gross incomes. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 615. E:\FR\FM\30APN1.SGM 30APN1

Agencies

[Federal Register Volume 80, Number 83 (Thursday, April 30, 2015)]
[Notices]
[Pages 24316-24317]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-10087]


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DEPARTMENT OF THE TREASURY


Financial Research Advisory Committee

AGENCY: Office of Financial Research, Treasury.

ACTION: Financial Research Advisory Committee--Solicitation of 
Applications for Committee Membership.

-----------------------------------------------------------------------

SUMMARY: The Office of Financial Research is soliciting applications 
for membership on its Financial Research Advisory Committee.

FOR FURTHER INFORMATION CONTACT: Andrea B. Ianniello, Designated 
Federal Officer, Office of Financial Research, Department of the 
Treasury, (202) 622-3002.

SUPPLEMENTARY INFORMATION: Pursuant to the Federal Advisory Committee 
Act, (Pub. L. 92-463, 5 U.S.C. App. 2 Sec.  1-16, as amended), the 
Treasury Department established a Financial Research Advisory Committee 
(FRAC, or Committee) to provide advice and recommendations to the 
Office of Financial Research (OFR) and to assist the OFR in carrying 
out its duties and authorities.

(I) Authorities of the OFR

Background

    The OFR was established under Title I of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (Pub. L. 111-203, July 21, 2010). 
The purpose of the OFR is to support the Financial Stability Oversight 
Council (Council) in fulfilling the purposes and duties of the Council 
and to support the Council's member agencies by:

--Collecting data on behalf of the Council, and providing such data to 
the Council and member agencies;
--Standardizing the types and formats of data reported and collected;
--Performing applied research and essential long-term research;
--Developing tools for risk measurement and monitoring;
--Performing other related services;
--Making the results of the activities of the OFR available to 
financial regulatory agencies; and
--Assisting such member agencies in determining the types and formats 
of data authorized by the Dodd-Frank Act to be collected by such member 
agencies.

(II) Scope and Membership of the FRAC

    The FRAC was established to advise the OFR on issues related to the 
responsibilities of the office. It may provide its advice, 
recommendations, analysis, and information directly to the OFR and the 
OFR may share the Committee's advice and recommendations with the 
Secretary of the Treasury or other Treasury officials. The OFR will 
share information with the Committee as the Director determines will be 
helpful in allowing the FRAC to carry out its role.
    The FRAC is an advisory committee that was established on April 6, 
2012 and renewed on April 4, 2014. The OFR is currently soliciting 
applications for membership in order to provide for rotation of 
membership, as provided in its original and renewed charter, as well as 
to provide for a diverse and balanced body with a variety of interests, 
backgrounds, and viewpoints represented. Providing for such diversity 
enhances the views and advice offered by the FRAC.

(II) Application for Advisory Committee Appointment

    Treasury seeks applications from individuals representative of a 
constituency within the fields of economics, financial institutions and 
markets, statistical analysis, financial markets analysis, 
econometrics, applied sciences, risk management, data management, 
information standards,

[[Page 24317]]

technology, or other areas related to OFR's duties and authorities. The 
terms of members chosen to serve may vary from one to three years. No 
person who is a Federally-registered lobbyist may serve on the 
Committee. Membership on the Committee is limited to the individuals 
appointed and is non-transferrable. Regular attendance is essential to 
the effective operation of the Committee. Some members of the Committee 
may be required to adhere to the conflict of interest rules applicable 
to Special Government Employees, as such employees are defined in 18 
U.S.C. 202(a). These rules include relevant provisions in 18 U.S.C. 
related to criminal activity, Standards of Ethical Conduct for 
Employees of the Executive Branch (5 CFR part 2635), and Executive 
Order 12674 (as modified by Executive Order 12731).
    To apply, an applicant must submit an appropriately-detailed resume 
and a cover letter describing their interest, reasons for application, 
and qualifications. In accordance with Department of Treasury Directive 
21-03, a clearance process includes fingerprints, tax checks, and a 
Federal Bureau of Investigation criminal check. Applicants must state 
in their application that they agree to submit to these pre-appointment 
checks.
    The application period for interested candidates will extend to May 
11, 2015. Applications should be submitted in sufficient time to be 
received by the close of business on the closing date and should be 
sent to Andrea.B.IannielloOFR@treasury.gov or by mail to: Office of 
Financial Research, Department of the Treasury, Attention: Andrea B. 
Ianniello, 1500 Pennsylvania Avenue NW., MT-1330, Washington, DC 20220.

    Dated: April 20, 2015.
William Ruberry,
Associate Director, Communications.
[FR Doc. 2015-10087 Filed 4-29-15; 8:45 am]
 BILLING CODE 4810-25-P