Proposed Collection; Comment Request for Form 4972, 13787-13788 [2019-06629]
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Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices
institutions 2 are exposed to cyber risks
because they are dependent on
information technology to deliver
services to consumers and businesses
every day. Cyber attacks on financial
institutions may result in unauthorized
access to, and the compromise of,
confidential information, as well as the
destruction of critical data and systems.
Disruption, degradation, or
unauthorized alteration of information
and systems can affect a financial
institution’s operations and core
processes and undermine confidence in
the nation’s financial services sector.
Absent immediate attention to these
rapidly increasing threats, financial
institutions and the financial sector as a
whole are at risk.
For this reason, the Agencies, under
the auspices of the Federal Financial
Institutions Examination Council
(‘‘FFIEC’’), have worked diligently to
assess and enhance the state of the
financial industry’s cyber preparedness
Assessment burden
estimate
OCC National Banks and
Federal Savings Associations.
FDIC State Non-Member
Banks and State Savings Associations.
Board State Member
Banks and Bank Holding Companies.
NCUA Federally-Insured
Credit Unions.
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Total ..........................
and to improve the Agencies’
examination procedures and training to
strengthen the oversight of financial
industry cybersecurity readiness. The
Agencies also have focused on
providing financial institutions with
resources that can assist in protecting
them and their customers from the
growing risks posed by cyber attacks.
As part of these efforts, the Agencies
developed the Assessment to assist
financial institutions of all sizes in
assessing their inherent cyber risks and
their risk management capabilities. The
Assessment allows a financial
institution to identify its inherent cyber
risk profile based on the technologies
and connection types, delivery
channels, online/mobile products and
technology services that it offers to its
customers, its organizational
characteristics, and the cyber threats it
is likely to face. Once a financial
institution identifies its inherent cyber
risk profile, it can use the Assessment’s
maturity matrix to evaluate its level of
cybersecurity preparedness based on the
financial institution’s cyber risk
management and oversight, threat
intelligence capabilities, cybersecurity
controls, external dependency
management, and cyber incident
management and resiliency planning. A
financial institution may use the
matrix’s maturity levels to identify
opportunities for improving the
financial institution’s cyber risk
management based on its inherent risk
profile. The Assessment also enables a
financial institution to rapidly identify
areas that could improve the financial
institution’s cyber risk management and
response programs, as appropriate. Use
of the Assessment by financial
institutions is voluntary.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Burden Estimates: 3
Estimated number of
respondents $500
million –$10 billion @120
hours
Estimated number of
respondents $10 billion –
$50
billion @160 hours
Estimated number of respondents over $50 billion @180 hours
823 × 80 = 65,840 hours
157 × 120 = 18,840
hours.
123 × 160 = 19,680
hours.
82 × 180 = 14,760 hours
1,185 respondents
119,120 hours.
2,689 × 80 = 215,120
hours.
760 × 120 = 91,200
hours.
34 × 160 = 5,440 hours ..
6 × 180 = 1,080 hours ....
3,489 respondents
312,840 hours.
2,768 × 80 = 221,440
hours.
766 × 120 = 91,920
hours.
81 × 160 = 12,960 hours
26 × 180 = 4,680 hours ..
3,641 respondents
331,000 hours.
4,830 × 80 = 386,400
hours.
536 × 120 = 64,320
hours.
8 × 160 = 1,280 hours ....
1 × 180 = 180 hours .......
5,375 respondents
452,180 hours.
11,110 × 80 = hours =
888,800.
2,219 × 120 hours =
266,280 hours.
246 hours × 160 =
39,360 hours.
115 hours × 180 =
20,700 hours.
13,690 respondents
1,215,140 hours.
Estimated number of
respondents less than
$500 million
@80 hours
Comments submitted in response to
this notice will be summarized and
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
Agencies, including whether the
information has practical utility;
(b) The accuracy of the Agencies’
estimates 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
2 For purposes of this information collection, the
term ‘‘financial institution’’ includes banks, savings
associations, credit unions, and bank holding
companies.
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18:46 Apr 04, 2019
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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.
Dated: March 29, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–06644 Filed 4–4–19; 8:45 am]
BILLING CODE 4810–33–P
3 Burden is estimated conservatively and assumes
all institutions will complete the Assessment.
Therefore, the estimated burden may exceed the
actual burden because use of the Assessment by
financial institutions is not mandatory. The burden
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Estimated total
respondents and
total annual burden hours
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 4972
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 general public and other
Federal agencies to take this
opportunity to comment on information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
SUMMARY:
estimates for financial institutions include
technology service providers who may assist
financial institutions in completing their
Assessments.
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13788
Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices
Form 4972, Tax on Lump-Sum
Distributions (From Qualified Plans of
Participants Born Before January 2,
1936).
Written comments should be
received on or before June 4, 2019 to be
assured of consideration.
ADDRESSES: Direct all written comments
to L. Brimmer, Internal Revenue
Service, Room 6526, 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 Sara Covington,
(202) 317–6038, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Tax on Lump-Sum Distributions
(From Qualified Plans of Participants
Born Before January 2, 1936).
OMB Number: 1545–0193.
Form Number: Form 4972.
Abstract: Internal Revenue Code
section 402(e) and regulation section
402(e) and regulations section 1.402(e)
allow recipients of lump-sum
distributions from a qualified retirement
plan to figure the tax separately on the
distributions. The tax can be computed
on the 10-year averaging method and/or
by a special capital gain method. Form
4972 is used to compute the separate tax
and to make a special 20 percent capital
gain election on lump-sum distributions
attributable to pre-1974 participation.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Responses:
17,720.
Estimated Time Per Respondent: 4
hrs. 24 min.
Estimated Total Annual Burden
Hours: 77,968.
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
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DATES:
VerDate Sep<11>2014
18:46 Apr 04, 2019
Jkt 247001
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: April 1, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–06629 Filed 4–4–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Interest Rate Paid on Cash Deposited
To Secure U.S. Immigration and
Customs Enforcement Immigration
Bonds
Departmental Offices, Treasury.
Notice.
AGENCY:
ACTION:
For the period beginning
April 1, 2019, and ending on June 30,
2019, the U.S. Immigration and Customs
Enforcement Immigration Bond interest
rate is 2.45 per centum per annum.
DATES: Rates are applicable April 1,
2019 to June 30, 2019.
ADDRESSES: Comments or inquiries may
be mailed to Will Walcutt, Supervisor,
Funds Management Branch, Funds
Management Division, Fiscal
Accounting, Bureau of the Fiscal
Services, Parkersburg, West Virginia
26106–1328.
You can download this notice at the
following internet addresses: https://
www.treasury.gov or https://
www.federalregister.gov.
FOR FURTHER INFORMATION CONTACT:
Ryan Hanna, Manager, Funds
Management Branch, Funds
Management Division, Fiscal
Accounting, Bureau of the Fiscal
Service, Parkersburg, West Virginia
261006–1328 (304) 480–5120; Will
Walcutt, Supervisor, Funds
Management Branch, Funds
Management Division, Fiscal
Accounting, Bureau of the Fiscal
SUMMARY:
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Frm 00164
Fmt 4703
Sfmt 4703
Services, Parkersburg, West Virginia
26106–1328, (304) 480–5117.
SUPPLEMENTARY INFORMATION: Federal
law requires that interest payments on
cash deposited to secure immigration
bonds shall be ‘‘at a rate determined by
the Secretary of the Treasury, except
that in no case shall the interest rate
exceed 3 per centum per annum.’’ 8
U.S.C. 1363(a). Related Federal
regulations state that ‘‘Interest on cash
deposited to secure immigration bonds
will be at the rate as determined by the
Secretary of the Treasury, but in no case
will exceed 3 per centum per annum or
be less than zero.’’ 8 CFR 293.2.
Treasury has determined that interest on
the bonds will vary quarterly and will
accrue during each calendar quarter at
a rate equal to the lesser of the average
of the bond equivalent rates on 91-day
Treasury bills auctioned during the
preceding calendar quarter, or 3 per
centum per annum, but in no case less
than zero. [FR Doc. 2015–18545] In
addition to this Notice, Treasury posts
the current quarterly rate in Table 2b—
Interest Rates for Specific Legislation on
the TreasuryDirect website.
Gary Grippo,
Deputy Assistant Secretary for Public
Finance.
[FR Doc. 2019–06742 Filed 4–4–19; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
United States Mint
Request for Applications for
Appointment to the Citizens Coinage
Advisory Committee
Pursuant to United States Code, Title
31, section 5135 (b), the United States
Mint is accepting applications for
appointment to the Citizens Coinage
Advisory Committee (CCAC) to
represent the interests of the general
public in the coinage of the United
States. The CCAC was established to:
D Advise the Secretary of the Treasury
on any theme or design proposals
relating to circulating coinage, bullion
coinage, Congressional Gold Medals,
and national and other medals produced
by the United States Mint.
D Advise the Secretary of the Treasury
with regard to the events, persons, or
places that the CCAC recommends to be
commemorated by the issuance of
commemorative coins in each of the five
calendar years succeeding the year in
which a commemorative coin
designation is made.
D Make recommendations with respect
to the mintage level for any
commemorative coin recommended.
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[Federal Register Volume 84, Number 66 (Friday, April 5, 2019)]
[Notices]
[Pages 13787-13788]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06629]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 4972
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 general public
and other Federal agencies to take this opportunity to comment on
information collections, as required by the Paperwork Reduction Act of
1995. The IRS is soliciting comments concerning
[[Page 13788]]
Form 4972, Tax on Lump-Sum Distributions (From Qualified Plans of
Participants Born Before January 2, 1936).
DATES: Written comments should be received on or before June 4, 2019 to
be assured of consideration.
ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue
Service, Room 6526, 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 Sara
Covington, (202) 317-6038, at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Tax on Lump-Sum Distributions (From Qualified Plans of
Participants Born Before January 2, 1936).
OMB Number: 1545-0193.
Form Number: Form 4972.
Abstract: Internal Revenue Code section 402(e) and regulation
section 402(e) and regulations section 1.402(e) allow recipients of
lump-sum distributions from a qualified retirement plan to figure the
tax separately on the distributions. The tax can be computed on the 10-
year averaging method and/or by a special capital gain method. Form
4972 is used to compute the separate tax and to make a special 20
percent capital gain election on lump-sum distributions attributable to
pre-1974 participation.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Responses: 17,720.
Estimated Time Per Respondent: 4 hrs. 24 min.
Estimated Total Annual Burden Hours: 77,968.
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: April 1, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019-06629 Filed 4-4-19; 8:45 am]
BILLING CODE 4830-01-P
