Federal Register / Vol. 65, No. 89 / Monday, May 8, 2000 / Notices 26659

collection. This notice is issued in

accordance with the requirements of the

Paperwork Reduction Act of 1995 (44

U.S.C. chapter 35). Currently, the

agencies are requesting comment on the

extension, without change, of an

information collection titled Interagency

Guidance on Asset Securitization

Activities.

DATES: Written comments should be

received on or before July 7, 2000.

ADDRESSES: You are invited to submit a

comment to any or all of the agencies.

Please direct your comments as follows:

OCC: Communications Division,

Office of the Comptroller of the

Currency, 250 E Street, SW., Third

Floor, Attention: 1557–0217,

Washington, DC 20219. In addition, you

may send a comment by facsimile

transmission to (202) 874–5274, or by

electronic mail to

regs.comments@occ.treas.gov. You can

inspect and photocopy the comments at

the OCC’s Public Reference Room, 250

E Street, SW., Washington, DC, between

9:00 a.m. and 5:00 p.m. on business

days. You can make an appointment to

inspect the comments by calling (202)

874–5043.

OTS: Manager, Dissemination Branch,

Information Management and Services,

Office of Thrift Supervision, 1700 G

Street, NW., Washington, DC 20552,

Attention: 1550–0104. You may hand

deliver your comments to the Guard’s

desk at 1700 G Street, NW.; or you may

send comments by facsimile

transmission to (202) 906–7755; or they

may be sent by e-mail:

public.info@ots.treas.gov. If you

comment by e-mail, you should include

your name and telephone number. You

should send any comments over 25

pages in length to FAX Number (202)

906–6956. You may inspect the

comments at 1700 G Street, NW., from

10 a.m. until 4 p.m. on Tuesdays and

Thursdays. Comments are also available

at OTS.treas.gov.

FDIC: Robert E. Feldman, Executive

Secretary, Attention: Comments/OES,

Federal Deposit Insurance Corporation,

550 17th Street, NW., Washington, DC

20429. You may hand-deliver comments

to the guard station at the rear of the 550

17th Street Building (located on F

Street), on business days between 7 a.m.

and 5 p.m. [FAX number (202) 898–

3838: Internet address:

comments@fdic.gov]. You may inspect

and photocopy comments in the FDIC

Public Information Center, Room 100,

801 17th Street, NW., Washington, DC,

between 9 a.m. and 4:30 p.m., on

business days.

FOR FURTHER INFORMATION CONTACT: You

may request additional information or a

copy of the collection by contacting:

OCC: Jessie Dunaway or Camille

Dixon, Legislative and Regulatory

Activities Division, Office of the

Comptroller of the Currency, 250 E

Street, SW., Washington DC 20219,

(202) 874–5090.

OTS: William Magrini, Supervision,

Office of Thrift Supervision, 1700 G

Street, NW., Washington, DC 20552,

(202) 906–5744.

FDIC: Steven F. Hanft, Office of the

Executive Secretary, FDIC, 550 17th

Street, NW., Washington, DC 20429,

(202) 898–7453.

SUPPLEMENTARY INFORMATION:

Title: Interagency Guidance on Asset

Securitization Activities.

OMB Numbers:

OCC: 1557–0217.

OTS: 1550–0104.

FDIC: 3064–0137.

Form Numbers:

None.

Abstract: On December 13, 1999, the

agencies issued the Interagency

Guidance on Asset Securitization

Activities. The information collections

contained in the Interagency Guidance

were approved by OMB. The agencies

are now in the process of requesting that

OMB renew its approval of those

information collections. The agencies

are not proposing any change to the

underlying information collections.

The Board of Governors of the Federal

Reserve System has participated in the

development and review of this

information collection and will process

its extension under its Paperwork

Reduction Act delegated authority.

Type of Review: Renewal, without

change, of a currently approved

collection.

Affected Public: Business, for-profit

institutions, and non-profit institutions.

Estimated Number of Respondents:

OCC: 50.

OTS: 30.

FDIC: 70.

Estimated Total Annual Responses:

OCC: 1 per year.

OTS: 1 per year.

FDIC: 1 per year.

Estimated Total Annual Burden:

OCC: 2,115 hours.

OTS: 1,269 hours.

FDIC: 2,070 hours.

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.

Request for Comments

Comments are invited on:

(a) Whether the collection of

information is necessary for the proper

performance of the functions of the

agencies, including whether the

information shall have practical utility;

(b) The accuracy of the agencies’

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.

Dated: May 2, 2000.

Mark J. Tenhundfeld,

Assistant Director, Legislative and Regulatory

Activities Division, Office of the Comptroller

of the Currency.

Dated: April 24, 2000.

John E. Werner,

Director, Information Management and

Services, Office of Thrift Supervision.

Dated at Washington, DC, this 26th day of

April, 2000.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 00–11376 Filed 5–5–00; 8:45 am]

BILLING CODE 4810–33–P; 6720–01–P; 6714–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[EE–113–82]

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 notice of proposed rulemaking,

EE–113–82, Required Distributions

From Qualified Plans and Individual

Retirement Plans (§ 1.403(b)–2).

26660 Federal Register / Vol. 65, No. 89 / Monday, May 8, 2000 / Notices

DATES: Written comments should be

received on or before July 7, 2000 to be

assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the information collection

should be directed to Faye Bruce, (202)

622–6665, Internal Revenue Service,

room 5244, 1111 Constitution Avenue

NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION: Title:

Required Distributions from Qualified

Plans and Individual Retirement Plans.

OMB Number: 1545–0996.

Notice Number: EE–113–82.

Abstract: This regulation provides

rules regarding the minimum

distribution requirements applicable to

any annuity contract, custodial account,

or retirement income account described

in Internal Revenue Code section 403(b).

The minimum distribution rules do not

apply to benefits accrued before January

1, 1987.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Not-for-profit

institutions, and state, local, or tribal

governments.

Estimated Number of Respondents:

8,400.

Estimated Time Per Respondent: 1

hour.

Estimated Total Annual Burden

Hours: 8,400.

The following paragraph applies to all

of 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: April 26, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–11344 Filed 5–5–00; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 4972

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

4972, Tax on Lump-Sum Distributions

(From Qualified Retirement Plans of

Plan Participants Born Before 1936).

DATES: Written comments should be

received on or before July 7, 2000 to be

assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 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 Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5242, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Tax on Lump-Sum Distributions

(From Qualified Retirement Plans of

Plan Participants Born Before 1936).

OMB Number: 1545–0193.

Form Number: 4972.

Abstract: Internal Revenue Code

section 402(e) and regulation section

1.402(e) allow recipients of lump-sum

distributions from a qualified retirement

plan to figure the tax separately on the

distributions. The tax can be computed

on the 10 year averaging method and/or

by a special capital gain method. Form

4972 is used to compute the separate tax

and to make a special 20 percent capital

gain election on lump-sum distributions

attributable to pre-1974 participation.

Current Actions: The Small Business

Job Protection Act of 1996 repealed the

5-year averaging method for lump-sum

distributions from qualified plans,

effective for taxable years beginning

after December 31, 1999. Thus, the Act

repeals the separate tax paid on a lumpsum distribution and also repeals the

deduction from gross income for

taxpayers who elect to pay the separate

tax on a lump-sum distribution.

Therefore, lines 23–29 and line 37 in

Part III of Form 4972 were deleted.

Type of Review: Revision of a

currently approved collection.

Affected Public: Individuals or

households.

Estimated Number of Responses:

35,000.

Estimated Time Per Respondent: 2

hours, 44 minutes.

Estimated Total Annual Burden

Hours: 95,550.

The following paragraph applies to all

of 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