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.