Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Form 8038-T, 65803-65804 [2018-27596]
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Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices
Notice and request for
comments.
ACTION:
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 comment on
proposed and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the Office of Foreign Assets
Control (OFAC) within the Department
of the Treasury is soliciting comments
concerning OFAC’s Iranian Financial
Sanctions Regulations Report on
Closure by U.S. Financial Institutions of
Correspondent Accounts and PayableThrough Accounts.
DATES: Written comments must be
submitted on or before February 19,
2019 to be assured of consideration.
ADDRESSES: You may submit comments
by any of the following methods:
Federal eRulemaking Portal:
www.regulations.gov. Follow the
instructions on the website for
submitting comments.
Fax: Attn: Request for Comments
(Iranian Financial Sanctions Regulations
Report on Closure by U.S. Financial
Institutions of Correspondent Accounts
and Payable-Through Accounts) 202–
622–1759.
Mail: Attn: Request for Comments
(Iranian Financial Sanctions Regulations
Report on Closure by U.S. Financial
Institutions of Correspondent Accounts
and Payable-Through Accounts), Office
of Foreign Assets Control, Department
of the Treasury, 1500 Pennsylvania
Avenue NW, Washington, DC 20220.
Instructions: All submissions received
must include the agency name and the
Federal Register Doc. number that
appears at the end of this document.
Comments received will be made
available to the public via
regulations.gov or upon request, without
change and including any personal
information provided.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
tel.: 202–622–2480; Assistant Director
for Regulatory Affairs, tel.: 202–622–
4855; Assistant Director for Sanctions
Compliance & Evaluation, tel.: 202–622–
2490; or the Department of the
Treasury’s Office of the Chief Counsel
(Foreign Assets Control), Office of the
General Counsel, tel.: 202–622–2410.
SUPPLEMENTARY INFORMATION:
Title: Iranian Financial Sanctions
Regulations Report on Closure by U.S.
Financial Institutions of Correspondent
Accounts and Payable-Through
Accounts.
OMB Number: 1505–0243.
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SUMMARY:
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00:00 Dec 21, 2018
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Abstract: Section 561.504(b) of the
Iranian Financial Sanctions Regulations,
31 CFR part 561 (the IFSR), specifies
that a U.S. financial institution that
maintained a correspondent account or
payable-through account for a foreign
financial institution whose name is
added to the Part 561 List 1 on OFAC’s
website (www.treasury.gov/ofac) as
subject to a prohibition on the
maintaining of such accounts must file
a report with OFAC that provides full
details on the closing of each such
account within 30 days of the closure of
the account. This collection of
information assists in verifying that U.S.
financial institutions are complying
with prohibitions on maintaining
correspondent accounts or payablethrough accounts for foreign financial
institutions listed on the Part 561 List.
The reports will be reviewed by the U.S.
Department of the Treasury and may be
used for compliance and enforcement
purposes by the agency.
Current Actions: There are no changes
being made to the notice at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: U.S. financial
institutions operating correspondent
accounts or payable-through accounts
for foreign financial institutions.
Estimated Number of Respondents:
The likely respondents and recordkeepers affected by this collection of
information in section 561.504(b) are
U.S. financial institutions operating
correspondent accounts or payable
through accounts for foreign financial
institutions. Since the date this
reporting requirement was added to the
IFSR (February 27, 2012) through June
18, 2015, OFAC added the names of two
foreign financial institutions to the Part
561 List, of which one remains. No
foreign financial institution was added
65803
to the Part 561 List during the current
reporting period (through December 15,
2018), and the number of respondents to
this collection has been zero. For future
notices, OFAC will continue to report
retrospectively on the number of
respondents during the reporting
period.
Estimated Time per Respondent: 2
hours per response.
Estimated Total Annual Burden
Hours: While no responses are expected,
an estimate of 1 response (2 hours) is
being included to account for the
possibility that someone could have to
provide a notification in the future.
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 has practical utility; (b) the
accuracy of the agency’s estimate of the
burden of the collection of information,
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 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: December 17, 2018.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2018–27623 Filed 12–20–18; 8:45 am]
1 On
March 1, 2018, OFAC created a new list,
titled the List of Foreign Financial Institutions
Subject to Correspondent Account or PayableThrough Account Sanctions (the ‘‘CAPTA List’’).
The CAPTA List will include foreign financial
institutions subject to correspondent or payablethrough account sanctions pursuant to sanctions
authorities including the Ukraine Freedom Support
Act of 2014, as amended by the Countering
America’s Adversaries Through Sanctions Act, and
the North Korea Sanctions Regulations, 31 CFR part
510, as well as the specific strict conditions or
prohibitions to which the foreign financial
institutions are subject. It eventually will be
expanded to include foreign financial institutions
subject to correspondent or payable-through
account sanctions pursuant to additional
authorities, including the Iranian Financial
Sanctions Regulations, 31 CFR part 561, which are
currently identified on OFAC’s Part 561 List. At
that time, by separate action, OFAC will move the
name of the foreign financial institution on the Part
561 List, along with the relevant prohibition or
strict condition(s) to which the foreign financial
institution is subject, to the CAPTA List. This will
not impact the relevant reporting requirement.
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BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
for Form 8038–T
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
SUMMARY:
E:\FR\FM\21DEN1.SGM
21DEN1
amozie on DSK3GDR082PROD with NOTICES1
65804
Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices
comment on proposed and/or
continuing information collections, as
required by the Paperwork Reduction
Act of 1995. Currently, the IRS is
soliciting comments concerning Form
8038–T, Arbitrage Rebate, Yield
Reduction and Penalty in Lieu of
Arbitrage Rebate.
DATES: Written comments should be
received on or before February 19, 2019
to be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6236, 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: Arbitrage Rebate, Yield
Reduction and Penalty in Lieu of
Arbitrage Rebate.
OMB Number: 1545–1219.
Revenue Procedure Number: 8038–T.
Abstract: Form 8038–T is used by
issuers of tax exempt bonds to report
and pay the arbitrage rebate and to elect
and/or pay various penalties associated
with arbitrage bonds. The issuers
include state and local governments.
Current Actions: There is currently,
no change to the form. We are updating
the records to include the recordkeeping
burden associated with regulation
section 1.148–5(d)(6)(iii), previously
approved under OMB number 1545–
1490 and 1545–1098.
Type of Review: Revision of a
currently approved collection.
Affected Public: State, local or tribal
governments.
Estimated Number of Respondents:
3,900.
Estimated Time per Respondent: 24
hrs., 11 min.
Estimated Total Annual Burden
Hours: 59,325.
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
VerDate Sep<11>2014
00:00 Dec 21, 2018
Jkt 247001
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: December 13, 2018.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2018–27596 Filed 12–20–18; 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; Comment Request
for Form 14145
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 Form
14145, IRS Applicant Contact Card.
DATES: Written comments should be
received on or before February 19, 2019
to be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6129, 1111 Constitution
SUMMARY:
PO 00000
Frm 00183
Fmt 4703
Sfmt 4703
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: IRS Applicant Contact Card.
OMB Number: 1545–2240.
Form Number: 14145.
Abstract: The Internal Revenue
Service contact card is used to collect
contact information from individuals
who may be interested in working for
the IRS now, or at any time in the future
(potential applicants) Form 14145
requests information to enter into a
database to allow the IRS to send
information about jobs to potential
applicants. Cards are then destroyed
after input into the database. The
potential applicant is only contacted
about jobs which correspond to the job
categories selected by the IRS Recruiter
on Form 14145.
Current Actions: There is no change
in the form previously approved by
OMB. However, the total burden
previously approved, needs to be
lowered by 64,721 hours, to correct an
error in the previous submission. The
correct burden estimates should be;
16,045 estimated responses and a total
estimated annual burden of 1,364 hours.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals and
households.
Estimated Number of Respondents:
16,045.
Estimated Time per Respondent: 5
min.
Estimated Total Annual Burden
Hours: 1,364.
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
E:\FR\FM\21DEN1.SGM
21DEN1
]]>Agencies
[Federal Register Volume 83, Number 245 (Friday, December 21, 2018)]
[Notices]
[Pages 65803-65804]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-27596]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request for Form 8038-T
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
[[Page 65804]]
comment on proposed and/or continuing information collections, as
required by the Paperwork Reduction Act of 1995. Currently, the IRS is
soliciting comments concerning Form 8038-T, Arbitrage Rebate, Yield
Reduction and Penalty in Lieu of Arbitrage Rebate.
DATES: Written comments should be received on or before February 19,
2019 to be assured of consideration.
ADDRESSES: Direct all written comments to Laurie Brimmer, Internal
Revenue Service, Room 6236, 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: Arbitrage Rebate, Yield Reduction and Penalty in Lieu of
Arbitrage Rebate.
OMB Number: 1545-1219.
Revenue Procedure Number: 8038-T.
Abstract: Form 8038-T is used by issuers of tax exempt bonds to
report and pay the arbitrage rebate and to elect and/or pay various
penalties associated with arbitrage bonds. The issuers include state
and local governments.
Current Actions: There is currently, no change to the form. We are
updating the records to include the recordkeeping burden associated
with regulation section 1.148-5(d)(6)(iii), previously approved under
OMB number 1545-1490 and 1545-1098.
Type of Review: Revision of a currently approved collection.
Affected Public: State, local or tribal governments.
Estimated Number of Respondents: 3,900.
Estimated Time per Respondent: 24 hrs., 11 min.
Estimated Total Annual Burden Hours: 59,325.
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;
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: December 13, 2018.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2018-27596 Filed 12-20-18; 8:45 am]
BILLING CODE 4830-01-P
