Department of the Treasury 2014 – Federal Register Recent Federal Regulation Documents

Submission for OMB Review; Comment Request
Document Number: 2014-30611
Type: Notice
Date: 2014-12-31
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2014-30571
Type: Notice
Date: 2014-12-31
Agency: Department of the Treasury
Prompt Payment Interest Rate; Contract Disputes Act
Document Number: 2014-30533
Type: Notice
Date: 2014-12-31
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
For the period beginning January 1, 2015, and ending on June 30, 2015, the prompt payment interest rate is 2\1/8\ per centum per annum.
Additional Requirements for Charitable Hospitals; Community Health Needs Assessments for Charitable Hospitals; Requirement of a Section 4959 Excise Tax Return and Time for Filing the Return
Document Number: 2014-30525
Type: Rule
Date: 2014-12-31
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations that provide guidance regarding the requirements for charitable hospital organizations added by the Patient Protection and Affordable Care Act of 2010. The regulations will affect charitable hospital organizations.
Agency Information Collection Requirements: Information Collection Renewal; Submission for OMB Review; Debt Cancellation Contracts and Debt Suspension Agreements
Document Number: 2014-30397
Type: Notice
Date: 2014-12-31
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, 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 a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. Currently, the OCC is soliciting comment concerning its renewal of an information collection titled ``Debt Cancellation Contracts and Debt Suspension Agreements.'' The OCC is also giving notice that it has sent the collection to OMB for review.
Guidance Regarding Dispositions of Tangible Depreciable Property; Correction
Document Number: 2014-30186
Type: Rule
Date: 2014-12-31
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (TD 9689) that were published in the Federal Register on Monday, August 18, 2014 (79 FR 48661). The final regulations are regarding dispositions of property subject to depreciation under section 168 of the Internal Revenue Code.
Proposed Collection of Information: Annual Letters-Certificates of Authority (A) and Admitted Reinsurer
Document Number: 2014-30522
Type: Notice
Date: 2014-12-30
Agency: Department of the Treasury
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 take this opportunity to comment on a proposed and/or continuing information collection, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the ``Annual LettersCertificates of Authority (A) and Admitted Reinsurer''.
Submission for OMB Review; Comment Request
Document Number: 2014-30466
Type: Notice
Date: 2014-12-30
Agency: Department of the Treasury
Appraisals for Higher-Priced Mortgage Loans Exemption Threshold Adjustment-Final Rule
Document Number: 2014-30419
Type: Rule
Date: 2014-12-30
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Bureau of Consumer Financial Protection, Board of Governors of the Federal Reserve System
The OCC, the Board and the Bureau are publishing final rules amending the official staff interpretations for their regulations that implement section 129H of the Truth in Lending Act (TILA). Section 129H of TILA establishes special appraisal requirements for ``higher-risk mortgages,'' termed ``higher-priced mortgages'' or ``HPMLs'' in the agencies' regulations. The OCC, the Board, the Bureau, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) issued joint final rules implementing these requirements, effective January 18, 2014. The Agencies' rules exempted, among other loan types, transactions of $25,000 or less, and required that this loan amount be adjusted annually based on any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the annual percentage increase in the CPI-W as of June 1, 2014, the OCC, the Board and the Bureau are adjusting the exemption threshold to $25,500, effective January 1, 2015.
Submission for OMB Review; Comment Request
Document Number: 2014-30376
Type: Notice
Date: 2014-12-30
Agency: Department of the Treasury
Summary of Benefits and Coverage and Uniform Glossary
Document Number: 2014-30243
Type: Proposed Rule
Date: 2014-12-30
Agency: Employee Benefits Security Administration, Department of Labor, Department of Health and Human Services, Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations regarding the summary of benefits and coverage (SBC) and the uniform glossary for group health plans and health insurance coverage in the group and individual markets under the Patient Protection and Affordable Care Act. It proposes changes to the regulations that implement the disclosure requirements under section 2715 of the Public Health Service Act to help plans and individuals better understand their health coverage, as well as to gain a better understanding of other coverage options for comparison. It proposes changes to documents required for compliance with section 2715 of the Public Health Service Act, including a template for the SBC, instructions, sample language, a guide for coverage example calculations, and the uniform glossary.
Regulatory Capital Rules, Liquidity Coverage Ratio: Interim Final Revisions to the Definition of Qualifying Master Netting Agreement and Related Definitions
Document Number: 2014-30218
Type: Rule
Date: 2014-12-30
Agency: Federal Reserve System, Agencies and Commissions, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC and Board (collectively, the agencies) invite comment on an interim final rule that amends the definition of ``qualifying master netting agreement'' under the regulatory capital rules, and the liquidity coverage ratio rule, as well as under the lending limits rule applicable to national banks and Federal savings associations. The agencies also are proposing to amend the definitions of ``collateral agreement,'' ``eligible margin loan,'' and ``repo-style transaction'' under the regulatory capital rules. The amendments are designed to ensure that the regulatory capital, liquidity, and lending limits treatment of certain financial contracts is not affected by implementation of special resolution regimes in foreign jurisdictions or by the International Swaps and Derivative Association Resolution Stay Protocol.
Submission for OMB Review; Comment Request
Document Number: 2014-30300
Type: Notice
Date: 2014-12-29
Agency: Department of the Treasury
Community Reinvestment Act Regulations
Document Number: 2014-30256
Type: Rule
Date: 2014-12-29
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, the Board, and the FDIC (collectively, the Agencies) are amending their Community Reinvestment Act (CRA) regulations to adjust the asset-size thresholds used to define ``small bank'' or ``small savings association'' and ``intermediate small bank'' or ``intermediate small savings association.'' As required by the CRA regulations, the adjustment to the threshold amount is based on the annual percentage change in the Consumer Price Index.
Filing of Form 5472
Document Number: 2014-30200
Type: Rule
Date: 2014-12-24
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations concerning the manner of filing Form 5472, ``Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business.'' The final regulations affect certain 25-percent foreign- owned domestic corporations and certain foreign corporations that are engaged in a trade or business in the United States that are required to file Form 5472.
Submission for OMB Review; Comment Request
Document Number: 2014-30185
Type: Notice
Date: 2014-12-24
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2014-30097
Type: Notice
Date: 2014-12-24
Agency: Department of the Treasury
Bank Secrecy Act Advisory Group; Solicitation of Application for Membership
Document Number: 2014-29846
Type: Notice
Date: 2014-12-24
Agency: Department of the Treasury, Financial Crimes Enforcement Network
FinCEN is inviting the public to nominate financial institutions and trade groups for membership on the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms.
Credit Risk Retention
Document Number: 2014-29256
Type: Rule
Date: 2014-12-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Department of Housing and Urban Development, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Federal Housing Finance Agency
The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are adopting a joint final rule (the rule, or the final rule) to implement the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934, as added by section 941 of the Dodd- Frank Wall Street Reform and Consumer Protection Act (the Act or Dodd- Frank Act). Section 15G generally requires the securitizer of asset- backed securities to retain not less than 5 percent of the credit risk of the assets collateralizing the asset-backed securities. Section 15G includes a variety of exemptions from these requirements, including an exemption for asset-backed securities that are collateralized exclusively by residential mortgages that qualify as ``qualified residential mortgages,'' as such term is defined by the agencies by rule.
Pricing for the 2014 American Eagle One Ounce Silver Proof Coin
Document Number: 2014-29713
Type: Notice
Date: 2014-12-19
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing a price reduction for the 2014 American Eagle One Ounce Silver Proof Coin. The price of the American Eagle One Ounce Silver Proof Coin will be lowered from $52.95 to $48.95.
Pricing for the 2015 American Eagle One Ounce Silver Proof Coin
Document Number: 2014-29712
Type: Notice
Date: 2014-12-19
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing the price of the 2015 American Eagle One Ounce Silver Proof Coin. The price of the American Eagle One Ounce Silver Proof Coin will be lowered from $52.95 to $48.95.
Submission for OMB Review; Comment Request
Document Number: 2014-29637
Type: Notice
Date: 2014-12-18
Agency: Department of the Treasury
Subordinated Debt Issued by a National Bank
Document Number: 2014-29615
Type: Rule
Date: 2014-12-18
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC) is amending its interim final rule making Basel III conforming amendments related to cross-references, subordinated debt and limits based on regulatory capital. The interim final rule, published in the Federal Register on February 28, 2014, revised and clarified the OCC's rules governing subordinated debt issued by national banks and Federal savings associations to make those rules consistent with the 2013 revised capital rules. The OCC is further clarifying the subordinated debt rules for national banks by moving certain provisions from national bank guidance to the rules and making other clarifying and technical amendments.
Financial Crimes Enforcement Network; Withdrawal of the Proposed Rule Against PJSC Trustbank, Formerly Known as Infobank
Document Number: 2014-29339
Type: Proposed Rule
Date: 2014-12-15
Agency: Department of the Treasury, Financial Crimes Enforcement Network
This document withdraws FinCEN's August 24, 2004 proposed rule proposing imposition of the fifth special measure against PJSC Trustbank, formerly known as Infobank (``Trustbank''), as a financial institution of primary money laundering concern, pursuant to the authority contained in the Bank Secrecy Act.
Regulations Governing Retirement Savings Bonds
Document Number: 2014-29334
Type: Unknown
Date: 2014-12-15
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The United States Department of the Treasury, Bureau of the Fiscal Service, offers a new nonmarketable, electronic retirement savings bond for Treasury's new retirement savings program. The bonds will be issued to a designated custodian for Roth individual retirement accounts established under Treasury's program. This new savings bond is only available to participants in the retirement savings program and will protect the principal contributed while earning interest at a rate previously available only to federal employees invested in the Government Securities Investment Fund (G Fund) of their Thrift Savings Plan.
Federal Government Participation in the Automated Clearing House
Document Number: 2014-29198
Type: Rule
Date: 2014-12-12
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This document corrects a technical error that appeared in the July 24, 2014 amendments to our regulation governing the use of the Automated Clearing House (ACH) network by Federal agencies.
Reporting of Specified Foreign Financial Assets
Document Number: 2014-29125
Type: Rule
Date: 2014-12-12
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations providing guidance relating to the provisions of the Hiring Incentives to Restore Employment (HIRE) Act that require specified foreign financial assets to be reported to the Internal Revenue Service for taxable years beginning after March 18, 2010. In particular, the final regulations provide guidance relating to the requirement that individuals attach a statement to their income tax return to provide required information regarding specified foreign financial assets in which they have an interest. The final regulations affect individuals required to file Form 1040, ``U.S. Individual Income Tax Return,'' or Form 1040-EZ, ``Income Tax Return for Single and Joint Filers With No Dependents,'' and certain individuals required to file Form 1040-NR, ``Nonresident Alien Income Tax Return,'' or Form 1040NR-EZ, ``U.S. Income Tax Return for Certain Nonresident Aliens with No Dependents.''
Submission for OMB Review; Comment Request
Document Number: 2014-29095
Type: Notice
Date: 2014-12-12
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2014-29094
Type: Notice
Date: 2014-12-12
Agency: Department of the Treasury
Privacy Act of 1974, as amended
Document Number: 2014-29134
Type: Notice
Date: 2014-12-11
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
In accordance with the requirements of the Privacy Act of 1974, as amended, 5 U.S.C. 552a, the Department of the Treasury, Internal Revenue Service, gives notice of proposed alterations to systems of records entitled: 24.030 Individual Master File; 24.046, Business Master File; and 22.062 Electronic Filing Records.
Privacy Act; Systems of Records Terminations
Document Number: 2014-29120
Type: Notice
Date: 2014-12-11
Agency: Department of the Treasury
The Departmental Offices, Treasury is terminating a system of records, Treasury\Departmental OfficesDO.318 Consumer Financial Protection Bureau (CFPB) Implementation Team Correspondence Tracking Database (June 15, 2011 at 76 FR 35071), that is no longer identified as an independent system of record because Treasury no longer holds the records and it is covered under CFPB .011 Correspondence Tracking Database (December 17, 2013 at 78 FR 76286), (https:// www.federalregister.gov/articles/2013/12/17/2013-29969/privac y-act-of- 1974-as-amended).
Proposed Collection; Comment Request for Regulation Project
Document Number: 2014-29089
Type: Notice
Date: 2014-12-11
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
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 take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning information collection requirements related to qualified lessee construction allowances for short-term.
Proposed Collection; Comment Request for Form 8717-A
Document Number: 2014-29088
Type: Notice
Date: 2014-12-11
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
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 take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 8717-A, User Fee for Employee Plan Opinion or Advisory Letter Request.
Submission for OMB Review; Comment Request
Document Number: 2014-28963
Type: Notice
Date: 2014-12-10
Agency: Department of the Treasury
Open Meeting of the Taxpayer Advocacy Panel Joint Committee
Document Number: 2014-28854
Type: Notice
Date: 2014-12-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Joint Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee
Document Number: 2014-28853
Type: Notice
Date: 2014-12-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Taxpayer Assistance Center Improvements Project Committee
Document Number: 2014-28852
Type: Notice
Date: 2014-12-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Taxpayer Assistance Center Improvements Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Special Projects Committee
Document Number: 2014-28851
Type: Notice
Date: 2014-12-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Special Projects Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee
Document Number: 2014-28850
Type: Notice
Date: 2014-12-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Toll-Free Phone Line Project Committee
Document Number: 2014-28849
Type: Notice
Date: 2014-12-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Toll-Free Phone Line Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee
Document Number: 2014-28848
Type: Notice
Date: 2014-12-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Government Securities Act Regulations: Large Position Reporting Rules
Document Number: 2014-28734
Type: Rule
Date: 2014-12-10
Agency: Department of the Treasury
The Department of the Treasury (Treasury) is amending its rules for reporting large positions in certain Treasury securities. The large position reporting rules are issued under the Government Securities Act (GSA) for the purposes of monitoring the impact in the Treasury securities market of concentrations of positions in Treasury securities and otherwise assisting the Securities and Exchange Commission (SEC) in enforcing the GSA. In addition, the large position reports provide Treasury with information to better understand supply and demand dynamics in certain Treasury securities. These amendments are designed to improve the information available to Treasury and simplify the reporting process for many entities subject to the large position reporting rules.
Publication of Guidance Relating to the Provision of Certain Temporary Sanctions Relief, as Extended Through June 30, 2015
Document Number: 2014-28805
Type: Notice
Date: 2014-12-09
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing Guidance Relating to the Provision of Certain Temporary Sanctions Relief in Order to Implement the Joint Plan Of Action (JPOA) Reached on November 24, 2014, between the P5+1 and the Islamic Republic of Iran, as Extended Through June 30, 2015 (Guidance).
List of Countries Requiring Cooperation With an International Boycott
Document Number: 2014-28804
Type: Notice
Date: 2014-12-09
Agency: Office of the Secretary, Department of the Treasury
Unblocking of a Specially Designated Global Terrorist Pursuant to Executive Order 13224
Document Number: 2014-28598
Type: Notice
Date: 2014-12-05
Agency: Department of the Treasury, Office of Foreign Assets Control
The Treasury Department's Office of Foreign Assets Control (OFAC) is removing from the List of Specially Designated Nationals and Blocked Persons (SDN List) the name of one individual whose property and interests in property have been unblocked pursuant to Executive Order 13224 of September 23, 2001, ``Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.''
Agency Information Collection Activities: Revision of an Approved Information Collection; Comment Request; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $50 Billion or More Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Document Number: 2014-28575
Type: Notice
Date: 2014-12-05
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a revision to this information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. Currently, the OCC is soliciting comment concerning a revision to a regulatory reporting requirement for national banks and Federal savings associations titled, ``Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.''
Annual Stress Test-Schedule Shift and Adjustments to Regulatory Capital Projections
Document Number: 2014-28420
Type: Rule
Date: 2014-12-03
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
On July 1, 2014, the Office of the Comptroller of the Currency (OCC) proposed to adjust the timing of the annual stress testing cycle and to clarify the method used to calculate regulatory capital in the stress tests (proposed rule). The OCC is now adopting the proposed rule as final (final rule). The final rule shifts the dates of the annual stress testing cycle by approximately three months. The final rule also provides that covered institutions will not have to calculate their risk-weighted assets using the internal ratings-based and advanced measurement approaches until the stress testing cycle beginning on January 1, 2016.
Tribal Consultation Policy
Document Number: 2014-28383
Type: Notice
Date: 2014-12-03
Agency: Department of the Treasury
This notice announces an interim policy outlining the guiding principles for all Treasury bureaus and offices engaging with Tribal Governments on matters with Tribal implications. The policy will be updated periodically and refined as needed to reflect ongoing engagement and collaboration with Tribal partners.
Submission for OMB Review; Comment Request
Document Number: 2014-28359
Type: Notice
Date: 2014-12-02
Agency: Department of the Treasury