Proposed Collection; Comment Request for Form SS-4 and SS-4PR, 60106-60107 [2021-23574]
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Federal Register / Vol. 86, No. 207 / Friday, October 29, 2021 / Notices
option. The recovery plan should
specifically identify the recovery
options that require regulatory or legal
approval.
Impact assessments. For each
recovery option, a covered bank should
assess and describe how the option
would affect the covered bank. This
impact assessment and description
should specify the procedures the
covered bank would use to maintain the
financial strength and viability of its
material entities, critical operations, and
core business lines for each recovery
option. For each option, the recovery
plan’s impact assessment should
address the following: (1) The effect on
the covered bank’s capital, liquidity,
funding, and profitability, (2) the effect
on the covered bank’s material entities,
critical operations, and core business
lines, including reputational impact,
and (3) any legal or market impediment
or regulatory requirement that must be
addressed or satisfied in order to
implement the option.
Escalation procedures. A recovery
plan should clearly outline the process
for escalating decision-making to the
covered bank’s senior management,
board of directors (board), or
appropriate board committee in
response to the breach of any trigger.
The recovery plan should also identify
the departments and persons
responsible for executing the decisions
of senior management, the board, or an
appropriate board committee.
Management reports. A recovery plan
should require reports that provide
senior management, the board, or an
appropriate board committee with
sufficient data and information to make
timely decisions regarding the
appropriate actions necessary to
respond to the breach of a trigger.
Communication procedures. A
recovery plan should provide that the
covered bank notify the OCC of any
significant breach of a trigger and any
action taken or to be taken in response
to such breach and should explain the
process for deciding when a breach of
a trigger is significant. A recovery plan
also should address when and how the
covered bank will notify persons within
the organization and other external
parties of its action under the recovery
plan. The recovery plan should
specifically identify how the covered
bank will obtain required regulatory or
legal approvals.
Other information. A recovery plan
should include any other information
that the OCC communicates in writing
directly to the covered bank regarding
the covered bank’s recovery plan.
A covered bank should (1) integrate
its recovery plan into its risk governance
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functions and (2) align its recovery plan
with its other plans, such as its strategic,
operational (including business
continuity), contingency, capital
(including stress testing), liquidity, and
resolution planning. The covered bank’s
recovery plan also should be specific to
that covered bank and coordinated with
any recovery and resolution planning
efforts by the bank’s holding company.
A covered bank’s recovery plan
should address the responsibilities of
the bank’s management and board with
respect to the plan. Specifically,
management should review the recovery
plan at least annually and in response
to a material event. It should revise the
plan as necessary to reflect material
changes in the covered bank’s size, risk
profile, activities, and complexity, as
well as changes in external threats. This
review should evaluate the
organizational structure and its
effectiveness in facilitating a recovery.
The board is responsible for overseeing
the covered bank’s recovery planning
process. The board of a covered bank or
an appropriate board committee should
review and approve the recovery plan at
least annually, and as needed to address
significant changes made by
management.
The OCC believes that a large,
complex institution should undertake
recovery planning in order to be able to
respond quickly to and recover from the
financial effects of severe stress on the
institution. The process of developing
and maintaining a recovery plan also
should cause a covered bank’s
management and its board to enhance
their focus on risk governance with a
view toward lessening the negative
impact of future events. OCC examiners
will assess the appropriateness and
adequacy of the covered bank’s ongoing
recovery planning process as part of the
agency’s regular supervisory activities.
Type of Review: Extension, without
change, of a currently approved
collection.
Affected Public: Businesses or other
for-profit; individuals.
Total Number of Respondents: 8.
Total Burden per Respondent: 7,543
hours.
Total Burden for Collection: 60,344
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
agency, including whether the
information has practical utility;
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(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 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.
Patrick T. Tierney,
Assistant Director, Bank Advisory, Office of
the Comptroller of the Currency.
[FR Doc. 2021–23519 Filed 10–28–21; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form SS–4 and SS–4PR
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
Form SS–4, Application for Employer
Identification Number, and Form SS–
4PR, Solicitud de Numero de
Indentificacion Patronal (EIN).
DATES: Written comments should be
received on or before December 28, 2021
to be assured of consideration.
ADDRESSES: Direct all written comments
to Paul Adams, 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, at
(737) 800–6149, 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: SS–4, Application for Employer
Identification Number, and Form SS–
4PR, Solicitud de Numero de
Identification Patronal (EIN).
SUMMARY:
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 207 / Friday, October 29, 2021 / Notices
OMB Number: 1545–0003.
Form Number: Forms SS–4 and SS–
4PR.
Abstract: Taxpayers who are required
to have an identification number for use
on any return, statement, or other
document must prepare and file Form
SS–4 or Form SS–4PR (Puerto Rico
only) to obtain a number. The
information is used by the Internal
Revenue Service and the Social Security
Administration in tax administration
and by the Bureau of the Census for
business statistics.
Current Actions: There are no changes
being made to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, not-for-profit institutions,
farms, federal government, and state,
local or tribal governments.
Estimated Number of Respondents:
5,965,735.
Estimated Time per Respondent: .33
mins.
Estimated Total Annual Burden
Hours: 3,340,812.
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.
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Approved: October 25, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021–23574 Filed 10–28–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service
(IRS), 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
Excise Tax Relating to Gain or Other
Income Realized by Any Person on
Receipt of Greenmail.
DATES: Written comments should be
received on or before December 28, 2021
to be assured of consideration.
ADDRESSES: Direct all written comments
to Paul Adams, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to Sara Covington, at (737)800–
6149, or 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: Excise Tax Relating to Gain or
Other Income Realized By Any Person
on Receipt of Greenmail.
OMB Number: 1545–1049.
Regulation Project Number: TD 8379
(final).
Form Number: 8725.
Abstract: The regulations provide
rules relating to the manner and method
of reporting and paying the
nondeductible 50 percent excise tax
imposed by section 5881 of the Internal
Revenue Code with respect to the
receipt of greenmail. The reporting
requirements will be used to verify that
the excise tax imposed under section
5881 is properly reported and timely
paid. Form 8725 is used by persons who
receive ‘‘greenmail’’ to compute and pay
the excise tax on greenmail imposed
under Internal Revenue Code section
5881. IRS uses the information to verify
SUMMARY:
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60107
that the correct amount of tax has been
reported.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
business or other for-profit
organizations.
Estimated Number of Responses: 12.
Estimated Time per Response: 7
hours, 37 minutes.
Estimated Total Annual Burden
Hours: 92.
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. Comments
will be 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;
(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 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: October 25, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021–23576 Filed 10–28–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 4461, 4461–A, 4461–
B, and 4461–C
Internal Revenue Service (IRS),
Treasury.
AGENCY:
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]]>Agencies
[Federal Register Volume 86, Number 207 (Friday, October 29, 2021)]
[Notices]
[Pages 60106-60107]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23574]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form SS-4 and SS-4PR
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 Form SS-4, Application
for Employer Identification Number, and Form SS-4PR, Solicitud de
Numero de Indentificacion Patronal (EIN).
DATES: Written comments should be received on or before December 28,
2021 to be assured of consideration.
ADDRESSES: Direct all written comments to Paul Adams, 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, at (737) 800-6149, Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: SS-4, Application for Employer Identification Number, and
Form SS-4PR, Solicitud de Numero de Identification Patronal (EIN).
[[Page 60107]]
OMB Number: 1545-0003.
Form Number: Forms SS-4 and SS-4PR.
Abstract: Taxpayers who are required to have an identification
number for use on any return, statement, or other document must prepare
and file Form SS-4 or Form SS-4PR (Puerto Rico only) to obtain a
number. The information is used by the Internal Revenue Service and the
Social Security Administration in tax administration and by the Bureau
of the Census for business statistics.
Current Actions: There are no changes being made to the forms at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households, not-for-profit institutions, farms, federal
government, and state, local or tribal governments.
Estimated Number of Respondents: 5,965,735.
Estimated Time per Respondent: .33 mins.
Estimated Total Annual Burden Hours: 3,340,812.
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: October 25, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021-23574 Filed 10-28-21; 8:45 am]
BILLING CODE 4830-01-P
