Proposed Extension of Information Collection Request Submitted for Public Comment; Split-Dollar Life Insurance Arrangements, 48898-48899 [2017-22780]
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48898
Federal Register / Vol. 82, No. 202 / Friday, October 20, 2017 / Notices
• Interagency Notice of Change in
Control—Minor updates and further
clarification of instructions and
requirements. Includes additional
questions related to the application
review process, such as information on
non-voting shares, and whether the
applicant is joining an existing group
acting in concert.
• Interagency Bank Merger Act—
Updated to reflect new requirements
under the Dodd-Frank Act,2 or
otherwise necessary to evaluate
statutory factors, as well as additional
questions related to the application
review process. Requests financial
projections for three years versus the
current one year.
The following forms were updated to
delete requirements:
• Citizenship and Residency
Waivers—Removed applicability to
FSAs and clarified that only the
biographical portion of the form is
required.
• Commencement of Fiduciary
Activities Notice, Fiduciary Powers
After-the-Fact-Notice, Fiduciary Powers
Application, and Surrender of Fiduciary
Powers Notice—Removed requirement
for a bank seal.
srobinson on DSKBC5CHB2PROD with NOTICES
Additional Requested Items
The following are additions to the
collection that capture existing
requirements:
• Conversion to National Bank
Completion Certification and
Conversion to FSA Completion
Certification—Certification is submitted
to indicate that all steps required to
convert to a bank were taken, including
execution of all documents required for
organization, requisite shareholder or
member approval, board of directors
authorization, and adoption of bylaws.
Upon receipt of the certification, the
OCC issues the institution a new
charter.
• Reduction of Permanent Capital
and Capital Distribution—Under 12 CFR
5.55, FSAs are required to obtain OCC
approval before issuing a capital
distribution under certain
circumstances. The request is reviewed
to determine whether the FSA’s request
is in accordance with existing statutory
and regulatory criteria. The reporting
requirements were previously included
in OTS Form 1583. The new form was
approved under OMB Control No. 1557–
0338 and later merged into this
collection.
2 Dodd-Frank Wall Street Reform and Consumer
Protection Act, Public Law 111–203, July 21, 2010.
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16:22 Oct 19, 2017
Jkt 244001
Transfer of a Collection
Investment in Bank Premises—OCC
regulations require a bank to obtain
prior approval whenever an investment
in bank premises will cause the total
investment in bank premises to exceed
the amount of the bank’s capital stock,
unless the bank is eligible for the
premises notice process set forth in 12
CFR 5.37(d)(3). 12 CFR 5.37(d)(1) and
7.1000(c). This item has been merged
into the collection covering part 7 (OMB
Control No. 1557–0204).
Type of Review: Regular.
Affected Public: Individuals or
households; Businesses or other forprofit.
Estimated Number of Respondents:
3,715.
Estimated Total Annual Responses:
3,715.
Frequency of Response: On occasion.
Estimated Total Annual Burden:
12,533 hours.
The OCC issued a notice for 60 days
of comment regarding this collection on
August 4, 2017, 82 FR 36185. 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 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
on respondents, including through the
use of automated collection techniques
or other forms of information
technology; and (e) Estimates of capital
or startup costs and costs of operation,
maintenance, and purchase of services
to provide information.
Dated: October 16, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2017–22722 Filed 10–19–17; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Split-Dollar Life
Insurance Arrangements
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the 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. Currently, the IRS is
soliciting comments concerning the
requirements relating to Split-Dollar
Life Insurance Arrangements.
DATES: Written comments should be
received on or before December 19, 2017
to be assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6141, 1111 Constitution
Avenue NW., Washington, DC 20224.
Requests for additional information or
copies of the regulations should be
directed to R. Joseph Durbala, at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Split-Dollar Life Insurance
Arrangements.
OMB Number: 1545–1792.
Regulation Project Number: TD 9092.
Abstract: This document contains
final regulations related to the income,
employment, and gift taxation of splitdollar life insurance arrangements. The
final regulations provide needed
guidance to persons who enter splitdollar life insurance arrangements.
Current Actions: There is no change to
the burden previously approved.
Type of Review: Extension of a
currently approved collection.
Affected Public: Not-for-profit
institutions.
Estimated Number of Respondents:
115,000.
Estimated Time per Respondent: 17
minutes.
Estimated Total Annual Burden
Hours: 32,500.
The following paragraph applies to all
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 if 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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
SUMMARY:
E:\FR\FM\20OCN1.SGM
20OCN1
Federal Register / Vol. 82, No. 202 / Friday, October 20, 2017 / Notices
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 using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: October 13, 2017.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2017–22780 Filed 10–19–17; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Form CT–2,
Employee Representative’s Quarterly
Railroad Tax Return
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the 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. Currently, the IRS is
soliciting comments concerning the
requirements relating to completing
Form CT–2, Employee Representative’s
Quarterly Railroad Tax Return.
DATES: Written comments should be
received on or before December 19, 2017
to be assured of consideration.
srobinson on DSKBC5CHB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:22 Oct 19, 2017
Jkt 244001
Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6141, 1111 Constitution
Avenue NW., Washington, DC 20224.
Requests for additional information or
copies of the regulations should be
directed to R. Joseph Durbala, at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Employee Representative’s
Quarterly Railroad Tax Return.
OMB Number: 1545–0002.
Regulation Project Number: CT–2.
Abstract: Employee representatives
file Form CT–2 quarterly to report
compensation on which railroad
retirement taxes are due. The IRS uses
this information to ensure that
employee representatives have paid the
correct tax. Form CT–2 also transmits
the tax payment.
Current Actions: There is no change to
the burden previously approved.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
households.
Estimated Number of Respondents:
112.
Estimated Time per Respondent: 1
Hour 11 minutes.
Estimated Total Annual Burden
Hours: 132.
The following paragraph applies to all
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 if 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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) 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;
ADDRESSES:
PO 00000
Frm 00114
Fmt 4703
Sfmt 4703
48899
• 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 using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: October 13, 2017.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2017–22781 Filed 10–19–17; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Material Advisors of
Reportable Transactions, Lists of
Advisees
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the 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. Currently, the IRS is
soliciting comments concerning the
requirements relating to lists of advisees
kept by material advisors of reportable
transactions.
DATES: Written comments should be
received on or before December 19, 2017
to be assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6141, 1111 Constitution
Avenue NW., Washington, DC 20224.
Requests for additional information or
copies of the regulations should be
directed to R. Joseph Durbala, at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington
DC 20224, or through the internet, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:
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]]>Agencies
[Federal Register Volume 82, Number 202 (Friday, October 20, 2017)]
[Notices]
[Pages 48898-48899]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-22780]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Split-Dollar Life Insurance Arrangements
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service, as part of its continuing effort
to reduce paperwork and respondent burden, invites the 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. Currently, the IRS is soliciting comments
concerning the requirements relating to Split-Dollar Life Insurance
Arrangements.
DATES: Written comments should be received on or before December 19,
2017 to be assured of consideration.
ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal
Revenue Service, Room 6141, 1111 Constitution Avenue NW., Washington,
DC 20224. Requests for additional information or copies of the
regulations should be directed to R. Joseph Durbala, at Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224, or through the internet, at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Split-Dollar Life Insurance Arrangements.
OMB Number: 1545-1792.
Regulation Project Number: TD 9092.
Abstract: This document contains final regulations related to the
income, employment, and gift taxation of split-dollar life insurance
arrangements. The final regulations provide needed guidance to persons
who enter split-dollar life insurance arrangements.
Current Actions: There is no change to the burden previously
approved.
Type of Review: Extension of a currently approved collection.
Affected Public: Not-for-profit institutions.
Estimated Number of Respondents: 115,000.
Estimated Time per Respondent: 17 minutes.
Estimated Total Annual Burden Hours: 32,500.
The following paragraph applies to all 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 if 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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
[[Page 48899]]
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 using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: October 13, 2017.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2017-22780 Filed 10-19-17; 8:45 am]
BILLING CODE 4830-01-P
