[Federal Register Volume 62, Number 169 (Tuesday, September 2, 1997)]
[Notices]
[Page 46402]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-23129]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

August 12, 1997.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

Internal Revenue Service (IRS)

    OMB Number: 1545-0940.
    Regulation Project Number: LR-185-84 Final.
    Type of Review: Extension.
    Title: Election of $10 Million Limitation on Exempt Small Issues of 
Industrial Development Bonds; Supplemental Capital Expenditure 
Statements.
    Description: The regulations liberalize the procedure by which the 
state or local government issuer of an exempt small issue of tax-exempt 
bonds elects the $10 million limitation upon the size of such issue and 
delete the requirement to file certain supplemental capital expenditure 
statements.
    Respondents: State, Local or Tribal Government.
    Estimated Number of Recordkeepers: 10,000.
    Estimated Burden Hours Per Recordkeeper: 6 minutes.
    Estimated Total Recordkeeping Burden: 1,000 hours.

    OMB Number: 1545-0945.
    Regulation Project Number: FI-255-82 (NPRM and Temporary).
    Type of Review: Extension.
    Title: Registration Requirements with Respect to Debt Obligations.
    Description: The rule requires an issuer of a registration-required 
obligation and any person holding the obligation as a nominee or 
custodian on behalf of another to maintain ownership records in a 
manner which will permit examination by the IRS in connection with 
enforcement of the Internal Revenue laws.
    Respondents: Business or other for-profit, State, Local or Tribal 
Government.
    Estimated Number of Recordkeepers: 50,000.
    Estimated Burden Hours Per Recordkeeper: 1 hour.
    Estimated Total Recordkeeping Burden: 50,000 hours.

    OMB Number: 1545-1069.
    Regulation Project Number: EE-175-86 Final.
    Type of Review: Extension.
    Title: Certain Cash or Deferred Arrangements and Employee and 
Matching Contributions Under Employee Plans.
    Description: The IRS needs this information to insure compliance 
with sections 401(k), 401(m), and 4979 of the Internal Revenue Code. 
Certain additional taxes may be imposed if sections 401(k) and 401(m) 
are not complied with.
    Respondents: Business or other for-profit, Not-for-profit 
institutions, Farms, State, Local, or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 355,500.
    Estimated Burden Hours Per Respondent/Recordkeeper: 3 hours.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 1,060,000 hours.

    OMB Number: 1545-1538.
    Notice Number: Notice 97-34.
    Type of Review: Extension.
    Title: Information Reporting on Transactions with Foreign Trusts 
and on Large Foreign Gifts.
    Description: Notice 97-34 provides guidance on new foreign trust 
and foreign gift information reporting provisions contained in the 
Small Business Job Protection Act of 1996.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 10,500.
    Estimated Burden Hours Per Respondent/Recordkeeper: 1 hour, 3 
minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 11,000 hours.
    Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW., Washington, DC 
20224.
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Dale A. Morgan,
Departmental Reports Management Officer.
[FR Doc. 97-23129 Filed 8-29-97; 8:45 am]
BILLING CODE 4830-01-P