Federal Register / Vol. 74, No. 177 / Tuesday, September 15, 2009 / Notices 47311 

Department of the Treasury’s Office of 

Financial Education may be obtained 

through the Office of Financial 

Education’s Web site at http:// 

www.treas.gov/ofe. 

SUPPLEMENTARY INFORMATION: The 

Financial Literacy and Education 

Improvement Act, which is in Title V of 

the Fair and Accurate Credit 

Transactions Act of 2003 (Pub. L. 108– 

159), established the Financial Literacy 

and Education Commission (the 

‘‘Commission’’) to improve the financial 

literacy and education of persons in the 

United States. The Commission is 

composed of the Secretary of the 

Treasury and the heads of the Office of 

the Comptroller of the Currency, the 

Office of Thrift Supervision, the Federal 

Reserve, the Federal Deposit Insurance 

Corporation, the National Credit Union 

Administration, the Securities and 

Exchange Commission, the Departments 

of Education, Agriculture, Defense, 

Health and Human Services, Housing 

and Urban Development, Labor, and 

Veterans Affairs, the Federal Trade 

Commission, the General Services 

Administration, the Small Business 

Administration, the Social Security 

Administration, the Commodity Futures 

Trading Commission, and the Office of 

Personnel Management. The 

Commission is required to hold 

meetings that are open to the public 

every four months. 

This meeting of the Commission, 

which will be open to the public, will 

be held in the Cash Room at the 

Department of the Treasury, located at 

1500 Pennsylvania Avenue, NW., 

Washington, DC 20220. The room will 

accommodate 80 members of the public. 

Seating is available on a first-come, firstseated basis. Participation in the 

discussion at the meeting will be 

limited to Commission members, their 

staffs, and special guest presenters. 

Dated: September 3, 2009. 

Andrew Mayock, 

Executive Secretary, U.S. Department of the 

Treasury. 

[FR Doc. E9–22136 Filed 9–14–09; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Office of Thrift Supervision 

Proposed Agency Information 

Collection Activities; Comment 

Request—Privacy of Consumer 

Financial Information 

AGENCY: Office of Thrift Supervision 

(OTS), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: 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 comment on 

proposed and continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 44 

U.S.C. 3507. The Office of Thrift 

Supervision within the Department of 

the Treasury will submit the proposed 

information collection requirement 

described below to the Office of 

Management and Budget (OMB) for 

review, as required by the Paperwork 

Reduction Act. Today, OTS is soliciting 

public comments on its proposal to 

extend this information collection. 

DATES: Submit written comments on or 

before November 16, 2009. 

ADDRESSES: Send comments, referring to 

the collection by title of the proposal or 

by OMB approval number, to 

Information Collection Comments, Chief 

Counsel’s Office, Office of Thrift 

Supervision, 1700 G Street, NW., 

Washington, DC 20552; send a facsimile 

transmission to (202) 906–6518; or send 

an e-mail to 

infocollection.comments@ots.treas.gov. 

OTS will post comments and the related 

index on the OTS Internet site at 

http://www.ots.treas.gov. In addition, 

interested persons may inspect 

comments at the Public Reading Room, 

1700 G Street, NW by appointment. To 

make an appointment, call (202) 906– 

5922, send an e-mail to 

public.info@ots.treas.gov, or send a 

facsimile transmission to (202) 906– 

7755. 

FOR FURTHER INFORMATION CONTACT: You 

can request additional information 

about this proposed information 

collection from Ekita Mitchell (202) 

906–6451, Office of Thrift Supervision, 

1700 G Street, NW., Washington, DC 

20552. 

SUPPLEMENTARY INFORMATION: OTS may 

not conduct or sponsor an information 

collection, and respondents are not 

required to respond to an information 

collection, unless the information 

collection displays a currently valid 

OMB control number. As part of the 

approval process, we invite comments 

on the following information collection. 

Comments should address one or 

more of the following points: 

a. Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of OTS; 

b. The accuracy of OTS’s estimate of 

the burden of the proposed information 

collection; 

c. Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

d. Ways to minimize the burden of the 

information collection on respondents, 

including through the use of 

information technology. 

We will summarize the comments 

that we receive and include them in the 

OTS request for OMB approval. All 

comments will become a matter of 

public record. In this notice, OTS is 

soliciting comments concerning the 

following information collection. 

Title of Proposal: Privacy of 

Consumer Financial Information. 

OMB Number: 1550–0103. 

Form Numbers: N/A. 

Regulation Requirement: 12 CFR Part 

573. 

Description: These information 

collections are required under section 

504 of the Gramm-Leach-Bliley Act 

(Act), Public Law No. 106–102. Section 

502 of the Act prohibits a financial 

institution from disclosing nonpublic 

personal information about a consumer 

to nonaffiliated third parties unless the 

institution satisfies various disclosure 

requirements (i.e., provides a privacy 

notice and opt out notice) and the 

consumer has not elected to opt out of 

the disclosure. Section 504 requires the 

Office of Thrift Supervision, as well as 

the Office of the Comptroller of the 

Currency, Board of Governors of the 

Federal Reserve System, Federal Deposit 

Insurance Corporation, National Credit 

Union Administration, Federal Trade 

Commission, and Securities and 

Exchange Commission to issue 

regulations as necessary to implement 

the notice requirements and restrictions. 

Consumers use the privacy notice 

information to determine whether they 

want personal information disclosed to 

third parties that are not affiliated with 

the institution. Further, consumers use 

the opt-out notice mechanism to advise 

the institution of their wishes regarding 

disclosure of their personal information. 

Institutions use the opt-out information 

to determine the wishes of their 

consumers and to act appropriately. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

68,378. 

Estimated Burden Hours per 

Responses: 80 hours for de novos and 

acquisitions; 8 hours for institutions; 

and .5 hours for customers. 

Estimated Frequency of Response: On 

occasion. 

Estimated Total Burden: 44,543 

hours. 


sroberts on DSKD5P82C1PROD with NOTICES
47312 Federal Register / Vol. 74, No. 177 / Tuesday, September 15, 2009 / Notices 

Dated: September 10, 2009. 

Ira L. Mills, 

Paperwork Clearance Officer, Office of Thrift 

Supervision. 

[FR Doc. E9–22167 Filed 9–14–09; 8:45 am] 

BILLING CODE 6720–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[LR–311–81] 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: 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 an 

existing final regulation, LR–311–81 

(T.D. 7924), Penalties for Underpayment 

of Deposits and Overstated Deposit 

Claims, and Time for Filing Information 

Returns of Owners, Officers and 

Directors of Foreign Corporations 

(section 1.6046–1). 

DATES: Written comments should be 

received on or before November 16, 

2009 to be assured of consideration. 

ADDRESSES: Direct all written comments 

to R. Joseph Durbala, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulations should be 

directed to Evelyn J. Mack at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–7381, or 

through the Internet at 

Evelyn.J.Mack@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Penalties for Underpayment of 

Deposits and Overstated Deposit Claims, 

and Time For Filing Information 

Returns of Owners, Officers and 

Directors of Foreign Corporations. 

OMB Number: 1545–0794. 

Regulation Project Number: LR–311– 

81. 

Abstract: These regulations relate to 

the penalty for underpayment of 

deposits and the penalty for overstated 

deposit claims, and to the time for filing 

information returns of owners, officers 

and directors of foreign corporations. 

Internal Revenue Code section 6046 

requires information returns with 

respect to certain foreign corporations, 

and the regulations provide the date by 

which these returns must be filed. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, business or other-for-profit 

organizations, and not-for-profit 

institutions. 

The burden for section 6046–1 is 

entirely reflected on Form 5471. 

The following paragraph applies to all 

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: September 8, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–22200 Filed 9–14–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8582–CR 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: 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 

8582–CR, Passive Activity Credit 

Limitations. 

DATES: Written comments should be 

received on or before November 16, 

2009 to be assured of consideration. 

ADDRESSES: Direct all written comments 

to R. Joseph Durbala, Internal Revenue 

Service, Room 6129, 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 Evelyn J. Mack at 

Internal Revenue Service, (202) 622– 

7381, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet at 

Evelyn.J.Mack@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Passive Activity Credit 

Limitations. 

OMB Number: 1545–1034. 

Form Number: 8582–CR. 

Abstract: Under Internal Revenue 

Code section 469, credits from passive 

activities, to the extent they do not 

exceed the tax attributable to net passive 

income, are not allowed, Form 8582–CR 

is used to figure the passive activity 

credit allowed and the amount of credit 

to be reported on the tax return. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, business or other for-profit 

organizations, and farms. 

Estimated Number of Respondents: 

300,000. 

Estimated Time per Respondent: 14 

hr., 53 min. 

Estimated Total Annual Burden 

Hours: 2,370,600. 


sroberts on DSKD5P82C1PROD with NOTICES