18968 Federal Register / Vol. 63, No. 73 /Thursday, April 16, 1998 / Notices

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

April 8, 1998.

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.

Dates: Written comments should be

received on or before May 18, 1998 to

be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545–1057.

Form Number: IRS Form 8800.

Type of Review: Extension.

Title: Application for Additional

Extension of Time to File U.S. Return

for a Partnership, REMIC, or for Certain

Trusts.

Description: Form 8800 is used by

partnerships, REMICs, and by certain

trusts to request an additional extension

of time (up to 3 months) to file Form

1065, Form 1041, or Form 1066. Form

8800 contains data needed by the IRS to

determine whether or not a taxpayer

qualifies for such an extension.

Respondents: Business or other forprofit, Farms.

Estimated Number of Respondents/

Recordkeepers: 20,000.

Estimated Burden Hours Per

Respondent/Recordkeeper: 13 minutes.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 4,210 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.

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 98–10101 Filed 4–15–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Office of the Assistant Secretary for

International Affairs

Office of the Comptroller of the

Currency

[Docket No. 98–07]

Foreign Treatment of United States

Financial Institutions

AGENCIES: Office of the Comptroller of

the Currency (OCC) and Office of the

Assistant Secretary for International

Affairs, U.S. Treasury.

ACTION: Notice of study and request for

comments.

SUMMARY: Section 3602 of the Omnibus

Trade and Competitiveness Act of 1988,

Public Law 100–418, requires that a

quadrennial report on the foreign

treatment of United States financial

institutions be submitted to Congress by

the Department of the Treasury, working

with other agencies. This, the third

report, is due no later than December 1,

1998. This report will describe the

extent to which foreign countries deny

national treatment to United States

banking organizations and securities

companies. Public comment is

requested on significant denials of

national treatment to United States

banking organizations and securities

companies.

DATES: Comments must be delivered on

or before May 18, 1998.

ADDRESSES: Comments regarding

banking market activities should be

directed to: Communications Division,

Office of the Comptroller of the

Currency, 250 E Street, SW.,

Washington, D.C. 20219; Attention:

Docket No. 98–07. In addition,

comments may be sent by facsimile

transmission to FAX number (202) 874–

5274, or by electronic mail to

Regs.comments@occ.treas.gov.

Comments will be available for

inspection and photocopying at the

same location.

Comments regarding securities market

activities should be directed to: Office of

International Banking and Securities

Markets, Office of the Assistant

Secretary for International Affairs, Room

1064, U.S. Treasury Department,

Washington, D.C. 20220; Attention:

National Treatment Study Director

(Securities). In addition, comments may

be sent by facsimile transmission to

FAX number (202) 622–1254.

These comments will be available for

public inspection and photocopying

during the hours that the Treasury

Department Library is open (by

appointment) to members of the public.

The Treasury Library is located in Room

5030, 1500 Pennsylvania Avenue, NW,

Washington, D.C. 20220. Appointments

can be made by calling the Treasury

Library at (202) 622–0045.

FOR FURTHER INFORMATION CONTACT:

Wilbur Monroe, Project Coordinator,

Report on Foreign Treatment of United

States Financial Institutions, Office of

International Banking and Securities

Markets, Treasury Department (202

622–1252); Arthur McMahon, Study

Director (Banking), International

Banking and Finance, Office of the

Comptroller of the Currency (202–874–

4730); or Warren Gorlick, Study Director

(Securities), Office of International

Banking and Securities Markets,

Treasury Department (202–622–2263).

SUPPLEMENTARY INFORMATION: In 1979,

1984, 1986, 1990, and 1994, Treasury,

working with other interested

departments and agencies, prepared

reports on the treatment of U.S.

commercial banks by foreign

governments. (The 1986, 1990 and 1994

reports also covered securities markets.)

In 1988, Congress passed the

Financial Reports Act as part of the

Omnibus Trade and Competitiveness

Act, which in section 3602 requires that

Treasury, working with other agencies,

report to the Congress on (1) the foreign

countries from which foreign financial

services institutions have entered into

the business of providing financial

services in the United States, (2) the

kinds of financial services which are

being offered, (3) the extent to which

foreign countries deny national

treatment to United States banking

organizations and securities companies,

and (4) the efforts undertaken by the

United States to eliminate such

discrimination. The first report prepared

in 1990 focused on those countries in

which there were significant denials of

national treatment that had an impact

on United States financial firms. The

second report in 1994 added several

newly emerging markets that had not

been the subject of the earlier report.

The 1998 report will update work done

in previous reports but will focus more

selectively on countries where

continued denials in the provision of

national treatment remain, or where

significant improvements have occurred

since the last report.

The policy of providing foreign

financial firms an opportunity to

compete on an equal basis with local

domestic firms is known as ‘‘national

treatment’’ or ‘‘equality of competitive

opportunity.’’

Treasury welcomes comments on any

aspect of national treatment, and invites

specific comments on:
Federal Register / Vol. 63, No. 73 /Thursday, April 16, 1998 / Notices 18969

(a) Those markets which deny

national treatment to U.S. banking

organizations and securities companies

in banking and/or securities activities;

(b) Any laws, enacted or pending,

regulations, restrictions, or practices

which result in the denial of equality of

competitive opportunity;

(c) The seriousness of such obstacles

to business operations; and

(d) Significant examples of denials in

the provision of national treatment since

June 30, 1994.

Dated: April 8, 1998.

Timothy F. Geithner,

Assistant Secretary for International Affairs,

U.S. Treasury Department.

Dated: April 8, 1998.

Susan Krause,

Senior Deputy Comptroller for International

Affairs, Office of the Comptroller of the

Currency.

[FR Doc. 98–10063 Filed 4–15–98; 8:45 am]

BILLING CODE 4810–25–P, 4810–33–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Notices 437, 438 and 466

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 Notices

437, 438 and 466, Notice of Intention to

Disclose.

DATES: Written comments should be

received on or before June 15, 1998, to

be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the notices should be directed

to Carol Savage, (202) 622–3945,

Internal Revenue Service, room 5569,

1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Notice of Intention to Disclose.

OMB Number: 1545–0633.

Notice Number: Notices 437, 438, and

466.

Abstract: Section 6110(f) of the

Internal Revenue Code requires that a

notice of intention to disclose be sent to

all persons to which a written

determination (either a technical advice

memorandum or a private letter ruling)

is issued. That section also requires that

such persons receive a notice if related

background file documents are

requested. Notice 437 is issued to

recipients of letter rulings; Notice 438 to

recipients of technical advice

memorandums; and Notice 466 to

recipients if a request for the related

background file document is received.

The notices also inform the recipients of

their right to request further deletions to

the public inspection version of written

determinations or related background

file documents.

Current Actions: There are no changes

being made to the notices at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households, business or other for-profit

organizations, not-for-profit institutions,

farms, and state, local, or tribal

governments.

Estimated Number of Respondents:

2,500.

Estimated Time Per Respondent: 30

minutes.

Estimated Total Annual Burden

Hours: 1,250.

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 10, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–10153 Filed 4–15–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[EE–86–88]

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–86–88, Incentive Stock Options

(§ 1.6039–2).

DATES: Written comments should be

received on or before June 15, 1998, to

be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the regulation should be

directed to Carol Savage, (202) 622–

3945, Internal Revenue Service, room

5569, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Incentive Stock Options.

OMB Number: 1545–0820.

Regulation Project Number: EE–86–

88.

Abstract: This regulation provides

guidance to certain taxpayers who

participate in the transfer of stock

pursuant to the exercise of incentive

stock options in accordance with

section 6039 of the Internal Revenue