Notice of Renewal of the Art Advisory Panel of the Commissioner of Internal Revenue, 5943-5944 [2022-02101]

Download as PDF Federal Register / Vol. 87, No. 22 / Wednesday, February 2, 2022 / Notices The OCC is requesting comment on the following revision to an approved information collection: Title: Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $250 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act. OMB Control No.: 1557–0319. Description: Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act 1 (Dodd-Frank Act) requires certain financial companies, including national banks and Federal savings associations, to conduct annual stress tests 2 and requires the primary financial regulatory agency 3 of those financial companies to issue regulations implementing the stress test requirements.4 Under section 165(i)(2), a covered institution is required to submit to the Board of Governors of the Federal Reserve System (Board) and to its primary financial regulatory agency a report at such time, in such form, and containing such information as the primary financial regulatory agency may require.5 On October 9, 2012, the OCC published in the Federal Register a final rule implementing the section 165(i)(2) annual stress test requirement.6 This rule describes the reports and information collections required to meet the reporting requirements under section 165(i)(2). These information collections will be given confidential treatment (5 U.S.C. 552(b)(4)) to the extent permitted by law. In 2012, the OCC first implemented the reporting templates referenced in the final rule. See 77 FR 49485 (August 16, 2012) and 77 FR 66663 (November 6, 2012). The OCC uses the data collected to assess the reasonableness of the stress test results of covered institutions and to provide forwardlooking information to the OCC regarding a covered institution’s capital adequacy. The OCC also may use the results of the stress tests to determine whether additional analytical techniques and exercises could be appropriate to identify, measure, and monitor risks at the covered institution. The stress test results are expected to support ongoing improvement in a jspears on DSK121TN23PROD with NOTICES1 SUPPLEMENTARY INFORMATION: 1 Public Law 111–203, 124 Stat. 1376, July 2010. U.S.C. 5365(i)(2)(A). 3 12 U.S.C. 5301(12). 4 12 U.S.C. 5365(i)(2)(C). 5 12 U.S.C. 5365(i)(2)(B). 6 77 FR 61238 (October 9, 2012) (codified at 12 CFR part 46). 2 12 VerDate Sep<11>2014 21:31 Feb 01, 2022 Jkt 256001 covered institution’s stress testing practices with respect to its internal assessments of capital adequacy and overall capital planning. The OCC proposed new changes to these templates on October 27, 2021.7 The OCC recognizes that many covered institutions with total consolidated assets of $250 billion or more are required to submit reports using reporting form FR Y–14A.8 The OCC also recognizes the Board has made modifications to the FR Y–14A and, to the extent practical, the OCC is keeping its reporting requirements consistent with the Board’s FR Y–14A to minimize burden on covered institutions. Therefore, the OCC is revising its reporting requirements to mirror the Board’s FR Y–14A for covered institutions with total consolidated assets of $250 billion or more. The OCC’s changes include only limited updates to reflect the changes made by the Board, and the OCC reporting forms will substantially resemble the forms used by the OCC last year. Many of the changes made by the Board are inapplicable to OCC-regulated institutions and involve new items that would not be collected by the OCC under the proposed changes. For example, the OCC’s, Board’s, and Federal Deposit Insurance Corporation’s January 6, 2021 final rule revising riskbased capital requirements included new items on the FR Y–14A that are inapplicable at the depository institution level (for example, ‘‘outstanding eligible long-term debt’’) and will therefore not be collected under the OCC’s revisions. Similarly, in 2021 the OCC’s reporting forms did not collect certain items collected on the 2021 FR Y–14A (for example, line items related to the stress capital buffer), and the OCC’s 2022 forms also do not include these items. The OCC’s 2022 changes include the minimal adjustments necessary to align line items with placement on the 2022 FR Y–14A. The OCC did not receive any comments on the proposed revisions. Type of Review: Revision. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 8. Estimated Total Annual Burden: 4,744 hours. The OCC believes that the systems that covered institutions use to prepare the FR Y–14 reporting templates and submit to the Board will also be used to prepare the reporting templates described in this notice. On October 27, 7 86 FR 59447 (Oct. 27, 2021). 8 https://www.federalreserve.gov/reportforms. PO 00000 Frm 00165 Fmt 4703 Sfmt 4703 5943 2021, the OCC published a notice for 60 days of comment concerning this collection, 86 FR 59447. 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 start-up costs and costs of operation, maintenance, and purchase of services to provide information. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2022–02268 Filed 2–1–22; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Notice of Renewal of the Art Advisory Panel of the Commissioner of Internal Revenue Internal Revenue Service, Treasury. ACTION: Notice of Renewal of the Art Advisory Panel of the Commissioner of Internal Revenue. AGENCY: The charter for the Art Advisory Panel has been renewed for a two-year period beginning January 26, 2022. SUMMARY: FOR FURTHER INFORMATION CONTACT: Robin B. Lawhorn, 400 West Bay Street, Suite 252, Jacksonville, FL 32202. Telephone (904) 661–3198 (not a tollfree number). SUPPLEMENTARY INFORMATION: Notice is hereby given under section 10(a)(2) of the Federal Advisory Committee Act (5 U.S.C. App. 2), that the Art Advisory Panel of the Commissioner of Internal Revenue, a necessary committee that is in the public interest, has been renewed for an additional two years beginning on 1/26/2022. The Panel helps the Internal Revenue Service review and evaluate the acceptability of property appraisals submitted by taxpayers in support of the E:\FR\FM\02FEN1.SGM 02FEN1 5944 Federal Register / Vol. 87, No. 22 / Wednesday, February 2, 2022 / Notices fair market value claimed on works of art involved in Federal Income, Estate or Gift taxes in accordance with sections 170, 2031, and 2512 of the Internal Revenue Code of 1986, as amended. For the Panel to perform this function, Panel records and discussions must include tax return information. Therefore, the Panel meetings will be closed to the public since all portions of the meetings will concern matters that are exempted from disclosure under the provisions of section 552b(c)(3), (4), (6) and (7) of Title 5 of the U.S. Code. This determination, which is in accordance with section 10(d) of the Federal Advisory Committee Act, is necessary to protect the confidentiality of tax returns and return information as required by section 6103 of the Internal Revenue Code. Charles P. Rettig, Commissioner of Internal Revenue. [FR Doc. 2022–02101 Filed 2–1–22; 8:45 am] United States Mint Establish Prices for United States Mint Numismatic Products United States Mint, Department of the Treasury. ACTION: Notice. AGENCY: The United States Mint is announcing new pricing for the following new United States Mint numismatic products in accordance with the table below: SUMMARY: BILLING CODE 4830–01–P SKU DEPARTMENT OF THE TREASURY Current price Product 22WBA ....................... 22WBB ....................... 22WBC ....................... 22WBD ....................... 22WBE ....................... 22WBF ....................... 22WBG ....................... 22WBH ....................... 22WBJ ........................ 22WBK ....................... 22WRA ....................... 22WRB ....................... 22WRC ....................... 22WRD ....................... 22WRE ....................... 22WRF ....................... 22WRG ....................... 22WRH ....................... 22WRJ ........................ 22WRK ....................... 22W01 ........................ 22W02 ........................ 22W03 ........................ 22W04 ........................ 22W05 ........................ 22WP .......................... 22WS .......................... 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 American American American American American American American American American American American American American American American American American American American American American American American American American American American Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Women Woman Woman For Further Information About Rolls & Bags, Ornaments Contact: Angela Hicks, Marketing Specialist, Sales and Marketing—202–354–7750. Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters Quarters 100-Coin BagTM—Maya Angelou (P) ............................... 100-Coin BagTM—Maya Angelou (D) .............................. 100-Coin BagTM—Sally Ride (P) ..................................... 100-Coin BagTM—Sally Ride (D) ..................................... 100-Coin BagTM—Wilma Mankiller (P) ............................ 100-Coin BagTM—Wilma Mankiller (D) ............................ 100-Coin BagTM—Nina Otero-Warren (P) ....................... 100-Coin BagTM—Nina Otero-Warren (D) ....................... 100-Coin BagTM—Anna May Wong (P) ........................... 100-Coin BagTM—Anna May Wong (D) ........................... 2-Roll SetTM—Maya Angelou (P&D) ................................ 3-Roll SetTM—Maya Angelou (P&D&S) ........................... 2-Roll SetTM—Sally Ride (P&D) ....................................... 3-Roll SetTM—Sally Ride (P&D&S) .................................. 2-Roll SetTM—Wilma Mankiller (P&D) ............................. 3-Roll SetTM—Wilma Mankiller (P&D&S) ......................... 2-Roll SetTM—Nina Otero-Warren (P&D) ........................ 3-Roll SetTM—Nina Otero-Warren (P&D&S) .................... 2-Roll SetTM—Anna May Wong (P&D) ............................ 3-Roll SetTM—Anna May Wong (P&D&S) ....................... OrnamentTM—Maya Angelou ........................................... OrnamentTM—Sally Ride .................................................. OrnamentTM—Wilma Mankiller ........................................ OrnamentTM—Nina Otero-Warren ................................... OrnamentTM—Anna May Wong ....................................... Proof SetTM ...................................................................... Silver Proof SetTM ............................................................ For Further Information About Proof Sets Contact: Anne Janeski, Marketing Specialist, Sales and Marketing—202– 306–9666; United States Mint; 801 9th Street NW, Washington, DC 20220. jspears on DSK121TN23PROD with NOTICES1 21:31 Feb 01, 2022 Jkt 256001 PO 00000 Frm 00166 Fmt 4703 Sfmt 9990 $40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 36.00 54.00 36.00 54.00 36.00 54.00 36.00 54.00 36.00 54.00 30.95 30.95 30.95 30.95 30.95 21.00 73.00 Authority: 31 U.S.C. 5111, 5112, 5132, & 9701. Eric Anderson, Executive Secretary, United States Mint. [FR Doc. 2022–02155 Filed 2–1–22; 8:45 am] BILLING CODE P VerDate Sep<11>2014 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a New price E:\FR\FM\02FEN1.SGM 02FEN1

Agencies

[Federal Register Volume 87, Number 22 (Wednesday, February 2, 2022)]
[Notices]
[Pages 5943-5944]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-02101]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Notice of Renewal of the Art Advisory Panel of the Commissioner 
of Internal Revenue

AGENCY: Internal Revenue Service, Treasury.

ACTION: Notice of Renewal of the Art Advisory Panel of the Commissioner 
of Internal Revenue.

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

SUMMARY: The charter for the Art Advisory Panel has been renewed for a 
two-year period beginning January 26, 2022.

FOR FURTHER INFORMATION CONTACT: Robin B. Lawhorn, 400 West Bay Street, 
Suite 252, Jacksonville, FL 32202. Telephone (904) 661-3198 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: Notice is hereby given under section 
10(a)(2) of the Federal Advisory Committee Act (5 U.S.C. App. 2), that 
the Art Advisory Panel of the Commissioner of Internal Revenue, a 
necessary committee that is in the public interest, has been renewed 
for an additional two years beginning on 1/26/2022.
    The Panel helps the Internal Revenue Service review and evaluate 
the acceptability of property appraisals submitted by taxpayers in 
support of the

[[Page 5944]]

fair market value claimed on works of art involved in Federal Income, 
Estate or Gift taxes in accordance with sections 170, 2031, and 2512 of 
the Internal Revenue Code of 1986, as amended.
    For the Panel to perform this function, Panel records and 
discussions must include tax return information. Therefore, the Panel 
meetings will be closed to the public since all portions of the 
meetings will concern matters that are exempted from disclosure under 
the provisions of section 552b(c)(3), (4), (6) and (7) of Title 5 of 
the U.S. Code. This determination, which is in accordance with section 
10(d) of the Federal Advisory Committee Act, is necessary to protect 
the confidentiality of tax returns and return information as required 
by section 6103 of the Internal Revenue Code.

Charles P. Rettig,
Commissioner of Internal Revenue.
[FR Doc. 2022-02101 Filed 2-1-22; 8:45 am]
BILLING CODE 4830-01-P
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