41522 Federal Register / Vol. 65, No. 129 / Wednesday, July 5, 2000 / Notices

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the

Currency

Agency Information Collection

Activities: Submission for OMB

Review; Comment Request

AGENCY: Office of the Comptroller of the

Currency (OCC), Treasury.

ACTION: Submission for OMB review;

comment request.

SUMMARY: 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. The OCC may

not conduct or sponsor, and a

respondent is not required to respond

to, an information collection that has

been extended, revised, or implemented

unless it displays a currently valid

Office of Management and Budget

(OMB) control number. Currently, the

OCC is soliciting comments concerning

an extension, without change, of an

information collection titled Investment

Securities—12 CFR 1. The OCC also

gives notice that it has sent the

information collection to OMB for

review.

DATES: You should submit your written

comments to both OCC and the OMB

Reviewer by August 4, 2000.

ADDRESSES: You should send your

written comments to the

Communications Division, Attention:

1557–0205, Third Floor, Office of the

Comptroller of the Currency, 250 E

Street, SW., Washington, DC 20219. In

addition, you can send comments by

facsimile transmission to (202) 874–

5274, or by electronic mail to

regs.comments@occ.treas.gov.

FOR FURTHER INFORMATION CONTACT: You

may request additional information, a

copy of the collection, or a copy of the

supporting documentation submitted to

OMB by contacting Jessie Dunaway or

Camille Dixon, (202) 874–5090,

Legislative and Regulatory Activities

Division (1557–0200), Office of the

Comptroller of the Currency, 250 E

Street, SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC

is proposing to extend OMB approval of

the following information collection:

Title: Investment Securities—12 CFR

1.

OMB Number: 1557–0205.

Form Number: None.

Abstract: This submission covers an

existing regulation and involves no

change to the regulation or to the

information collections embodied in the

regulation. The OCC requests only that

OMB renew its approval of the

information collections in the current

regulation.

National banks need these collections

of information to ensure that they

conduct their operations in a safe and

sound manner and in accordance with

applicable federal banking statutes and

regulations. The collections of

information provide needed information

for examiners and provide protections

for national banks. The collections of

information are necessary for regulatory

and examination purposes and for

national banks to ensure their

compliance with federal law and

regulations.

The information requirements in 12

CFR part 1 are located as follows:

12 CFR 1.3(h)(2): A national bank may

request an OCC determination that it

may invest in an entity that is exempt

from registration under section 3(c)(1) of

the Investment Company Act of 1940

(the ’40 Act) if the portfolio of the entity

consists exclusively of assets that a

national bank may purchase and sell for

its own account. The OCC needs the

information to determine if

circumstances exist where the bank’s

investment in a certain exempt

investment fund would be acceptable

under the ’40 Act and does not pose

unacceptable risk for the bank.

12 CFR 1.7(b): A national bank may

request OCC approval to extend the fiveyear holding period of securities held in

satisfaction of debts previously

contracted for up to an additional five

years. The OCC uses the information in

the request to determine, on a case-bycase basis, that the bank wants to hold

the debt for a nonspeculative purpose,

whether the bank’s reasons for

requesting the extension are adequate,

and to evaluate the risks to the bank of

extending the holding period, including

potential effects on bank safety and

soundness.

Type of Review: Extension, without

change, of a currently approved

collection.

Affected Public: Businesses or other

for-profit; individuals.

Number of Respondents: 25.

Total Annual Responses: 25.

Frequency of Response: On occasion.

Estimated Total Annual Burden: 460

burden hours.

OCC Contact: Jessie Dunaway or

Camille Dixon, (202) 874–5090,

Legislative and Regulatory Activities

Division, OMB No. 1557–0205, Office of

the Comptroller of the Currency, 250 E

Street SW, Washington, DC 20219.

OMB Reviewer: Alexander Hunt, (202)

395–7340, Paperwork Reduction Project

1557–0205, Office of Management and

Budget, Room 10226, New Executive

Office Building, Washington, DC 20503.

Comments:

Your comment will become a matter

of public record. You are invited to

comment on:

(a) Whether the collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information has practical utility;

(b) Whether the OCC’s burden

estimate is accurate;

(c) Ways to enhance the quality,

utility, and clarity of the information to

be collected;

(d) Ways to minimize the burden of

the collection on respondents, including

through the use of automated collection

techniques or other forms of information

technology; and

(e) Whether the OCC’s estimates of the

capital or startup costs and costs of

operation, maintenance, and purchase

of services to provide information are

accurate.

Dated: June 28, 2000.

Mark J. Tenhundfeld,

Assistant Director, Legislative & Regulatory

Activities Division.

[FR Doc. 00–16893 Filed 7–3–00; 8:45 am]

BILLING CODE 4810–33–P

DEPARTMENT OF THE TREASURY

Fiscal Service

Treasury Tax and Loan Program

Enhancements

AGENCY: Financial Management Service,

Fiscal Service, Department of the

Treasury.

ACTION: Notice: announcement of delay.

SUMMARY: This announces a delay in the

availability of new applications in the

Treasury Tax and Loan Program.

DATES: We will announce the new

implementation date once established.

FOR FURTHER INFORMATION CONTACT: Walt

Henderson, Senior Financial Program

Specialist on (202) 874–6705 or

walt.henderson@fms.treas.gov; Mary

Bailey, Financial Program Specialist, at

(202) 874–6749 or

mary.bailey@fms.treas.gov; Adam

Martin, Financial Program Specialist, at

(202) 874–6881 or

adam.martin@fms.treas.gov; Cynthia L.

Johnson, Director, Cash Management

Policy and Planning Division, at (202)

874–6590 or

cindy.johnson@fms.treas.gov; or Ellen

Federal Register / Vol. 65, No. 129 / Wednesday, July 5, 2000 / Notices 41523

Neubauer, Senior Attorney, (202) 874–

6680 or ellen.neubauer@fms.treas.gov.

SUPPLEMENTARY INFORMATION:

A. Background

On May 24, 2000, the Department of

the Treasury (Treasury) announced two

new applications in the Treasury Tax

and Loan (TT&L) program. These

applications—the Treasury Investment

Program (TIP) and the Paper Tax System

(PATAX)—were scheduled to be

available on July 10, 2000. This

announcement was published to

coincide with the publication of new

regulations pertaining to daylight

overdrafts by the Board of Governors of

the Federal Reserve (Federal Reserve).

B. Reasons for Delaying the

Implementation of the New TT&L

Applications

Since the publication date of the

notice of the new TT&L applications,

the Treasury and the Federal Reserve

determined the availability date for

these applications, July 10, 2000, must

be revised. The Treasury and the

Federal Reserve made a joint decision to

delay implementation of the TIP and

PATAX applications to allow for further

testing of an internal cash forecasting

application that interfaces with TIP. We

will announce the new implementation

date once established. Until the new

implementation date, all TT&L

processes will operate as they currently

do. While TIP and PATAX have been

thoroughly tested and stand ready for

implementation, the extra time will

allow the Treasury and the Federal

Reserve to ensure that interfaces

between these systems and other

systems are functioning properly.

Additional Information

For more information on the new

TT&L applications and the revised

implementation date, please visit

www.frbservices.org. Financial

institutions may also visit

www.fm.treas.gov/regs.html for

regulations and guidance pertaining to

TT&L, EFTPS, and collateral. Financial

institutions with questions on the new

TT&L applications should contact the

TT&L National Customer Service Area

on 1–888–568–7343.

Dated: June 28, 2000.

Bettsy H. Lane,

Assistant Commission, Federal Finance,

Financial Management Service.

[FR Doc. 00–16831 Filed 7–3–00; 8:45 am]

BILLING CODE 4810–35–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form W–4S

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

W–4S, Request for Federal Income Tax

Withholding From Sick Pay.

DATES: Written comments should be

received on or before September 5, 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 Larnice Mack,

(202) 622–3179, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Request for Federal Income Tax

withholding From Sick Pay.

OMB Number: 1545–0717.

Form Number: W–4S.

Abstract: Section 3402(o) of the

Internal Revenue Code allows income

tax withholding on sick pay payments

made by third parties upon request of

the payee. The information is used by

payers to determine how much to

withhold from each sick pay payment.

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.

Estimated Number of Respondents:

500,000.

Estimated Time Per Respondent: 1 hr.,

23 min.

Estimated Total Annual Burden

Hours: 690,000.

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: June 23, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–16797 Filed 7–3–00; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 5227

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

5227, Split-Interest Trust Information

Return.