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Federal Register / Vol. 71, No.

136 / Monday, July 17, 2006 / Notices 40581

a taxpayer to apply for an allocation of DEPARTMENT OF THE TREASURY The OCC requests only that OMB extend
qualifying gasification project credits. the expiration date.
Office of the Comptroller of the
Respondents: Business or other for- Information Collection Requirements
Currency
profit. Found in 12 CFR Part 23
Estimated Total Burden Hours: 1,700 Agency Information Collection 12 CFR 23.4(c)—National banks must
hours. Activities: Proposed Information liquidate or re-lease personal property
Glenn P. Kirkland, (202) 622–3428, Collection; Comment Request that is no longer subject to lease (off-
Internal Revenue Service, Room 6516, lease property) within five years from
AGENCY: Office of the Comptroller of the
1111 Constitution Avenue, NW., the lease expiration. If a bank wishes to
Currency, Treasury.
extend the five-year holding period for
Washington, DC 20224. ACTION: Notice and request for comment.
up to an additional five years, it must
OMB Reviewer: Alexander T. Hunt, obtain OCC approval. Permitting a bank
SUMMARY: The OCC, as part of its
(202) 395–7316, Office of Management continuing effort to reduce paperwork to extend the holding period confers a
and Budget, Room 10235, New and respondent burden, invites the benefit on national banks and may
Executive Office Building, Washington, general public and other Federal result in cost savings. It also provides
DC 20503. agencies to take this opportunity to flexibility for a bank that experiences
comment on a continuing information unusual or unforeseen conditions under
Robert Dahl,
collection, as required by the Paperwork which it would be imprudent to dispose
Treasury PRA Clearance Officer. of the off-lease property. Section 23.4(c)
Reduction Act of 1995. An agency may
[FR Doc. E6–11151 Filed 7–14–06; 8:45 am] requires a bank to provide a clearly
not conduct or sponsor, and a
BILLING CODE 4830–01–P respondent is not required to respond convincing demonstration as to why an
to, an information collection unless it additional holding period is necessary.
displays a currently valid OMB control In addition, a bank must value off-lease
DEPARTMENT OF THE TREASURY number. The OCC is soliciting comment property at the lower of current fair
concerning its information collection market value or book value promptly
Office of the Secretary after the property comes off-lease. These
titled, ‘‘Leasing—12 CFR Part 23.’’
DATES: Comments must be received by
requirements enable the OCC to ensure
Notice of Call for Redemption: 14 that a bank is not holding the property
Percent Treasury Bonds of 2006–11 September 15, 2006.
for speculative reasons and that the
ADDRESSES: Communications Division,
Washington, DC value of the property is recorded in
Office of the Comptroller of the accordance with generally accepted
Currency, Public Information Room, accounting procedures (GAAP).
1. As of July 14, 2006, public notice Mailstop 1–5, Attention: 1557–0206,
is hereby given that all outstanding 14 Section 23.5—Twelve U.S.C. 24
250 E Street, SW., Washington, DC contains two separate provisions
percent Treasury Bonds of 2006–11 20219. In addition, comments may be
(CUSIP No. 912810 CY 2) dated authorizing a national bank to acquire
sent by fax to (202) 874–4448, or by personal property for purposes of lease
November 16, 1981, due November 15, electronic mail to
2011, are hereby called for redemption financing. Twelve U.S.C. 24 (Seventh)
regs.comments@occ.treas.gov. You can applies if the lease serves as the
at par on November 15, 2006, on which inspect and photocopy the comments at functional equivalent of a loan. Such
date interest on such bonds will cease. the OCC’s Public Information Room, 250 leases are subject to the lending limits
2. Full information regarding the E Street, SW., Washington, DC 20219. prescribed by 12 U.S.C. 84 or, if the
presentation and surrender of such You can make an appointment to lessee is an affiliate of the bank, to the
bonds held in coupon and registered inspect the comments by calling (202) restrictions on transactions with
form for redemption under this call will 874–5043. affiliates prescribed by 12 U.S.C. 371c
be found in Department of the Treasury Additionally, you should send a copy and 371c–1. A national bank may also
of your comments to OCC Desk Officer, acquire personal property for purposes
Circular No. 300 dated March 4, 1973,
1557–0206, by mail to U.S. Office of of lease financing under the authority of
as amended (31 CFR Part 306), and from
Management and Budget, 725, 17th 12 U.S.C. 24 (Tenth) (CEBA Leases).
the Definitives Section of the Bureau of Street, NW., #10235, Washington, DC
the Public Debt (telephone (304) 480– This provision authorizes a national
20503, or by fax to (202) 395–6974. bank to invest in CEBA Leases up to 10
7537), and on the Bureau of the Public
FOR FURTHER INFORMATION CONTACT: You percent of its assets. Section 23.5
Debt’s Web site http:// can request additional information or a
www.publicdebt.treas.gov. requires that if a bank enters into both
copy of the collection from Mary types of leases, its records must
3. Redemption payments for such Gottlieb, OCC Clearance Officer, or distinguish between the two types of
bonds held in book-entry form, whether Camille Dickerson, (202) 874–5090, leases. This information is required to
on the books of the Federal Reserve Legislative and Regulatory Activities evidence compliance with the statutory
Banks or in Treasury Direct accounts, Division, Office of the Comptroller of limitation on the aggregate amount a
will be made automatically on the Currency, 250 E Street, SW., national bank may invest in CEBA
November 15, 2006. Washington, DC 20219. Leases.
SUPPLEMENTARY INFORMATION: The OCC Type of Review: Extension of a
Donald V. Hammond,
is proposing to extend OMB approval of currently approved collection.
Fiscal Assistant Secretary. the following information collection: Affected Public: Individuals;
[FR Doc. 06–6218 Filed 7–14–06; 8:45 am] Title: Leasing (12 CFR Part 23). Businesses or other for-profit.
rwilkins on PROD1PC63 with NOTICES

BILLING CODE 4810–40–M OMB Number: 1557–0206. Estimated Number of Respondents:


Description: This submission covers 370.
an existing regulation and involves no Estimated Total Annual Responses:
change to the regulation or to the 370.
information collection requirements. Frequency of Response: On occasion.

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40582 Federal Register / Vol. 71, No. 136 / Monday, July 17, 2006 / Notices

Estimated Total Annual Burden: 685. ADDRESSES: Direct all written comments information is necessary for the proper
Comments submitted in response to to Glenn P. Kirkland, Internal Revenue performance of the functions of the
this notice will be summarized, Service, room 6516, 1111 Constitution agency, including whether the
included in the request for OMB Avenue, NW., Washington, DC 20224. information shall have practical utility;
approval, and become a matter of public FOR FURTHER INFORMATION CONTACT: (b) the accuracy of the agency’s estimate
record. Comments are invited on: Requests for additional information or of the burden of the collection of
(a) Whether the collection of copies of regulation should be directed information; (c) ways to enhance the
information is necessary for the proper to Allan Hopkins, at (202) 622–6665, or quality, utility, and clarity of the
performance of the functions of the at Internal Revenue Service, room 6516, information to be collected; (d) ways to
agency, including whether the 1111 Constitution Avenue NW., minimize the burden of the collection of
information has practical utility; Washington, DC 20224, or through the information on respondents, including
(b) The accuracy of the agency’s Internet, at Allan.M.Hopkins@irs.gov. through the use of automated collection
estimate of the burden of the collection SUPPLEMENTARY INFORMATION: techniques or other forms of information
of information; Title: Public Disclosure of Material technology; and (e) estimates of capital
(c) Ways to enhance the quality, Relating to Tax-Exempt Organizations. or start-up costs and costs of operation,
utility, and clarity of the information to OMB Number: 1545–1560. maintenance, and purchase of services
be collected; Regulation Project Numbers: REG– to provide information.
(d) Ways to minimize the burden of 246250–96. Approved: July 11, 2006.
the collection on respondents, including Abstract: Under section 6104(e) of the Glenn P. Kirkland,
through the use of automated collection Internal Revenue Code, certain tax- IRS Reports Clearance Officer.
techniques or other forms of information exempt organizations are required to
technology; and [FR Doc. E6–11294 Filed 7–14–06; 8:45 am]
make their annual information returns BILLING CODE 4830–01–P
(e) Estimates of capital or startup costs and applications to tax exemption
and costs of operation, maintenance, available for public inspection. In
and purchase of services to provide addition, certain tax-exempt DEPARTMENT OF THE TREASURY
information. organizations are required to comply
Dated: July 11, 2006. with requests made in writing or in Internal Revenue Service
Stuart Feldstein, person from individuals who seek a
Assistant Director, Legislative and Regulatory copy of those documents or, in the Proposed Collection; Comment
Activities Division. alternative, to make their documents Request for Forms 1099–PATR
[FR Doc. E6–11156 Filed 7–14–06; 8:45 am] widely available. This regulation
AGENCY: Internal Revenue Service (IRS),
provides guidance concerning these
BILLING CODE 4810–33–P Treasury.
disclosure requirements.
Current Actions: There is no change to ACTION: Notice and request for
DEPARTMENT OF THE TREASURY this existing regulation. comments.
Type of Review: Extension of a
Internal Revenue Service SUMMARY: The Department of the
currently approved collection.
Affected Public: Not-for-profit Treasury, as part of its continuing effort
[REG–246250–96] to reduce paperwork and respondent
institutions.
Estimated Number of Respondents: burden, invites the general public and
Proposed Collection; Comment other Federal agencies to take this
Request for Regulation Project 1,100,000.
Estimated Time Per Respondent: 30 opportunity to comment on proposed
AGENCY: Internal Revenue Service (IRS), minutes. and/or continuing information
Treasury. Estimated Total Annual Burden collections, as required by the
ACTION: Notice and request for Hours: 551,000. Paperwork Reduction Act of 1995,
comments. The following paragraph applies to all Public Law 104–13(44 U.S.C.
of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is
SUMMARY: The Department of the by this notice: soliciting comments concerning Form
Treasury, as part of its continuing effort An agency may not conduct or 1099–PATR, Taxable Distributions
to reduce paperwork and respondent sponsor, and a person is no required to Received From Cooperatives.
burden, invites the general public and respond to, a collection of information DATES: Written comments should be
other Federal agencies to take this unless the collection of information received on or before September 15,
opportunity to comment on proposed displays a valid OMB control number. 2006 to be assured of consideration.
and/or continuing information Books or records relating to a ADDRESSES: Direct all written comments
collections, as required by the collection of information must be to Glenn Kirkland, Internal Revenue
Paperwork Reduction Act of 1995, retained as long as their contents may Service, room 6516, 1111 Constitution
Public Law 104–13 (44 U.S.C. become material in the administration Avenue NW., Washington, DC 20224.
3506(c)(2)(A)). of any internal revenue law. Generally,
Currently, the IRS is soliciting FOR FURTHER INFORMATION CONTACT:
tax returns and tax return information
comments concerning an existing final Requests for additional information or
are confidential, as required by 26
regulation, REG–246250–96 (TD 8818), copies of the form and instructions
U.S.C. 6103.
Public Disclosure of Material Relating to should be directed to Allan Hopkins at
Request for Comments: Comments
Tax-Exempt Organizations (202) 622–6665, or at Internal Revenue
submitted in response to this notice will
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(§§ 301.6104(d)–3, 301–6104(d)–4, and Service, room 6516, 1111 Constitution


be summarized and/or included in the
301.6104(d)–5). Avenue, NW., Washington, DC 20224,
request for OMB approval. All
or through the Internet, at
DATES: Written comments should be comments will become a matter of
Allan.M.Hopkins@irs.gov.
received on or before September 15, public record. Comments are invited on:
2006 to be assured of consideration. (a) Whether the collection of SUPPLEMENTARY INFORMATION:

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