Federal Register / Vol. 79, No. 109 / Friday, June 6, 2014 / Notices 32753 

Submit comments about this request 

by mail or courier to the Office of 

Information and Regulatory Affairs, 

Attn: OMB Desk Officer for DOL–EBSA, 

Office of Management and Budget, 

Room 10235, 725 17th Street NW., 

Washington, DC 20503; by Fax: 202– 

395–6881 (this is not a toll-free 

number); or by email: OIRA_

submission@omb.eop.gov. Commenters 

are encouraged, but not required, to 

send a courtesy copy of any comments 

by mail or courier to the U.S. 

Department of Labor-OASAM, Office of 

the Chief Information Officer, Attn: 

Departmental Information Compliance 

Management Program, Room N1301, 

200 Constitution Avenue NW., 

Washington, DC 20210; or by email: 

DOL_PRA_PUBLIC@dol.gov. 

FOR FURTHER INFORMATION CONTACT: 

Michel Smyth by telephone at 202–693– 

4129, TTY 202–693–8064, (these are not 

toll-free numbers) or by email at DOL_

PRA_PUBLIC@dol.gov. 

Authority: 44 U.S.C. 3507(a)(1)(D). 

SUPPLEMENTARY INFORMATION: This ICR 

seeks to extend PRA authority for the 

information collection requirements 

contained in Employee Retirement 

Income Security Act (ERISA) Prohibited 

Transaction Class Exemption (PTE) 

1981–8, Investment of Plan Assets in 

Certain Types of Short-Term 

Investments, which permits the 

investment of ERISA covered plan 

assets that involve the purchase or other 

acquisition, holding, sale, exchange, or 

redemption by or on behalf of an 

employee benefit plan of certain types 

of short-term investments. The PTE 

requires two basic disclosure 

requirements. Both affect only the 

portion of the exemption dealing with 

repurchase agreements. The first 

requirement calls for the repurchase 

agreements between the seller and the 

plan to be in writing. The repurchase 

agreements have a duration of one year 

or less and may be in the form of a 

blanket agreement that covers the 

transactions for the year. The written 

agreement is intended to put the plan on 

notice of possible fees associated with 

the redemption of open-end mutual 

fund shares. The second requirement 

obliges the seller of such repurchase 

agreements to provide the most recent 

financial statements to the plan at the 

time of the sale and as the statements 

are issued. The seller must also 

represent, either in the repurchase 

agreement or prior to each repurchase 

agreement transaction, that, as of the 

time the transaction is negotiated, there 

has been no material adverse change in 

the seller’s financial condition since the 

date the most recent financial statement 

was furnished that has not been 

disclosed to the plan fiduciary with 

whom the written agreement is made. 

The Internal Revenue Code of 1986 and 

ERISA authorize the information 

collection activities. See 26 U.S.C. 

4975(c) and 29 U.S.C. 1108. 

This information collection is subject 

to the PRA. A Federal agency generally 

cannot conduct or sponsor a collection 

of information, and the public is 

generally not required to respond to an 

information collection, unless it is 

approved by the OMB under the PRA 

and displays a currently valid OMB 

Control Number. In addition, 

notwithstanding any other provisions of 

law, no person shall generally be subject 

to penalty for failing to comply with a 

collection of information that does not 

display a valid Control Number. See 5 

CFR 1320.5(a) and 1320.6. The DOL 

obtains OMB approval for this 

information collection under Control 

Number 1210–0061. 

OMB authorization for an ICR cannot 

be for more than three (3) years without 

renewal, and the current approval for 

this collection is scheduled to expire on 

June 30, 2014. The DOL seeks to extend 

PRA authorization for this information 

collection for three (3) more years, 

without any change to existing 

requirements. The DOL notes that 

existing information collection 

requirements submitted to the OMB 

receive a month-to-month extension 

while they undergo review. For 

additional substantive information 

about this ICR, see the related notice 

published in the Federal Register on 

November 29, 2013 (78 FR 71668). 

Interested parties are encouraged to 

send comments to the OMB, Office of 

Information and Regulatory Affairs at 

the address shown in the ADDRESSES

section within 30 days of publication of 

this notice in the Federal Register. In 

order to help ensure appropriate 

consideration, comments should 

mention OMB Control Number 1210– 

0061. The OMB is particularly 

interested in comments that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submission of 

responses. 

Agency: DOL–EBSA. 

Title of Collection: Employee 

Retirement Income Security Act 

Prohibited Transaction Class Exemption 

1981–8, Investment of Plan Assets in 

Certain Types of Short-Term 

Investments. 

OMB Control Number: 1210–0062. 

Affected Public: Private Sector— 

businesses or other for-profits and notfor-profit institutions. 

Total Estimated Number of 

Respondents: 65,000. 

Total Estimated Number of 

Responses: 325,000. 

Total Estimated Annual Time Burden: 

81,000 hours. 

Total Estimated Annual Other Costs 

Burden: $99,000. 

Dated: June 2, 2014. 

Michel Smyth, 

Departmental Clearance Officer. 

[FR Doc. 2014–13166 Filed 6–5–14; 8:45 am] 

BILLING CODE 4510–29–P 

DEPARTMENT OF LABOR 

Office of the Secretary 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Consumer 

Price Index Commodities and Services 

Survey 

ACTION: Notice. 

SUMMARY: The Department of Labor 

(DOL) is submitting the Bureau of Labor 

Statistics (BLS) sponsored information 

collection request (ICR) titled, 

‘‘Consumer Price Index Commodities 

and Services Survey,’’ to the Office of 

Management and Budget (OMB) for 

review and approval for continued use, 

without change, in accordance with the 

Paperwork Reduction Act of 1995 

(PRA), 44 U.S.C. 3501 et seq. Public 

comments on the ICR are invited. 

DATES: The OMB will consider all 

written comments that agency receives 

on or before July 7, 2014. 

ADDRESSES: A copy of this ICR with 

applicable supporting documentation; 

including a description of the likely 

respondents, proposed frequency of 

response, and estimated total burden 

may be obtained free of charge from the 

RegInfo.gov Web site at http://

www.reginfo.gov/public/do/

PRAViewICR?ref_nbr=201402-1220-003 


wreier-aviles on DSK5TPTVN1PROD with NOTICES
32754 Federal Register / Vol. 79, No. 109 / Friday, June 6, 2014 / Notices 

(this link will only become active on the 

day following publication of this notice) 

or by contacting Michel Smyth by 

telephone at 202–693–4129, TTY 202– 

693–8064, (these are not toll-free 

numbers) or by email at DOL_PRA_

PUBLIC@dol.gov. 

Submit comments about this request 

by mail or courier to the Office of 

Information and Regulatory Affairs, 

Attn: OMB Desk Officer for DOL–BLS, 

Office of Management and Budget, 

Room 10235, 725 17th Street NW., 

Washington, DC 20503; by Fax: 202– 

395–6881 (this is not a toll-free 

number); or by email: OIRA_

submission@omb.eop.gov. Commenters 

are encouraged, but not required, to 

send a courtesy copy of any comments 

by mail or courier to the U.S. 

Department of Labor-OASAM, Office of 

the Chief Information Officer, Attn: 

Departmental Information Compliance 

Management Program, Room N1301, 

200 Constitution Avenue NW., 

Washington, DC 20210; or by email: 

DOL_PRA_PUBLIC@dol.gov. 

FOR FURTHER INFORMATION CONTACT: 

Contact Michel Smyth by telephone at 

202–693–4129, TTY 202–693–8064, 

(these are not toll-free numbers) or by 

email at DOL_PRA_PUBLIC@dol.gov. 

Authority: 44 U.S.C. 3507(a)(1)(D). 

SUPPLEMENTARY INFORMATION: This ICR 

seeks to extend PRA authority for the 

Consumer Price Index (CPI) 

Commodities and Services Survey 

information collection. The CPI is a 

measure of the average change over time 

in the prices paid by consumers for a 

market basket of consumer goods and 

services. Each month, BLS data 

collectors called economic assistants 

visit or call thousands of retail stores, 

service establishments, rental units, and 

doctors’ offices all over the United 

States to obtain information on the 

prices of the thousands of items used to 

track and measure price changes in the 

CPI. The collection of price data from 

retail establishments is essential for the 

timely and accurate calculation of the 

commodities and services component of 

the CPI. The CPI is then widely used as 

a measure of inflation, indicator of the 

effectiveness of government economic 

policy, deflator for other economic 

series, and as a means of adjusting 

dollar values. This information 

collection is authorized by 29 U.S.C. 2. 

This information collection is subject 

to the PRA. A Federal agency generally 

cannot conduct or sponsor a collection 

of information, and the public is 

generally not required to respond to an 

information collection, unless it is 

approved by the OMB under the PRA 

and displays a currently valid OMB 

Control Number. In addition, 

notwithstanding any other provisions of 

law, no person shall generally be subject 

to penalty for failing to comply with a 

collection of information that does not 

display a valid Control Number. See 5 

CFR 1320.5(a) and 1320.6. The DOL 

obtains OMB approval for this 

information collection under Control 

Number 1220–0039. 

OMB authorization for an ICR cannot 

be for more than three (3) years without 

renewal, and the current approval for 

this collection is scheduled to expire on 

July 31, 2014. The DOL seeks to extend 

PRA authorization for this information 

collection for three (3) more years, 

without any change to existing 

requirements. The DOL notes that 

existing information collection 

requirements submitted to the OMB 

receive a month-to-month extension 

while they undergo review. For 

additional substantive information 

about this ICR, see the related notice 

published in the Federal Register on 

February 18, 2014 (79 FR 9281). 

Interested parties are encouraged to 

send comments to the OMB, Office of 

Information and Regulatory Affairs at 

the address shown in the ADDRESSES

section within 30 days of publication of 

this notice in the Federal Register. In 

order to help ensure appropriate 

consideration, comments should 

mention OMB Control Number 1220– 

0039. The OMB is particularly 

interested in comments that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submission of 

responses. 

Agency: DOL–BLS. 

Title of Collection: Consumer Price 

Index Commodities and Services 

Survey. 

OMB Control Number: 1220–0039. 

Affected Public: State, Local, and 

Tribal Governments; and Private 

Sector—businesses or other for-profits 

and not-for-profit institutions. 

Total Estimated Number of 

Respondents: 48,853. 

Total Estimated Number of 

Responses: 328,221. 

Total Estimated Annual Time Burden: 

116,977 hours. 

Total Estimated Annual Other Costs 

Burden: $0. 

Dated: June 2, 2014. 

Michel Smyth, 

Departmental Clearance Officer. 

[FR Doc. 2014–13121 Filed 6–5–14; 8:45 am] 

BILLING CODE 4510–24–P 

DEPARTMENT OF LABOR 

Employee Benefits Security 

Administration 

Advisory Council on Employee Welfare 

and Pension Benefit Plans, 

Nominations for Vacancies 

Section 512 of the Employee 

Retirement Income Security Act of 1974 

(ERISA), 88 Stat. 895, 29 U.S.C. 1142, 

provides for the establishment of an 

Advisory Council on Employee Welfare 

and Pension Benefit Plans (the Council), 

which is to consist of 15 members to be 

appointed by the Secretary of Labor (the 

Secretary) as follows: Three 

representatives of employee 

organizations (at least one of whom 

shall be a representative of an 

organization whose members are 

participants in a multiemployer plan); 

three representatives of employers (at 

least one of whom shall be a 

representative of employers maintaining 

or contributing to multiemployer plans); 

one representative each from the fields 

of insurance, corporate trust, actuarial 

counseling, investment counseling, 

investment management, and 

accounting; and three representatives 

from the general public (one of whom 

shall be a person representing those 

receiving benefits from a pension plan). 

No more than eight members of the 

Council shall be members of the same 

political party. 

Council members shall be persons 

qualified to appraise the programs 

instituted under ERISA. Appointments 

are for terms of three years. The 

prescribed duties of the Council are to 

advise the Secretary with respect to the 

carrying out of his or her functions 

under ERISA, and to submit to the 

Secretary, or his or her designee, 

recommendations with respect thereto. 

The Council will meet at least four 

times each year. 

The terms of five members of the 

Council expire at the end of this year. 


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