29474 Federal Register / Vol. 63, No. 103 / Friday, May 29, 1998 / Notices

treaties, and if appropriate, to claim a

release of tax withheld at source. The

withholding agent uses the information

to determine the appropriate

withholding.

Respondents: Individuals or

households. Business or other for-profit.

Estimated Number of Respondents/

Recordkeepers: 100,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—4 hr., 32 min.

Learning about the law or the form—1

hr., 5 min.

Preparing and sending the form to the

IRS—1 hr., 13 min.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 684,000 hours.

OMB Number: 1545–0144.

Form Number: IRS Form 2438.

Type of Review: Extension.

Title: Undistributed Capital Gains Tax

Return.

Description: Form 2438 is used by

regulated investment companies to

figure capital gains tax on undistributed

capital gains designated under Internal

Revenue Code (IRC) section 852(b)3(D).

IRS uses this information to determine

the correct tax.

Respondents: Business or other forprofit.

Estimated Number of Respondents/

Recordkeepers: 100.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—7 hr., 39 min.

Learning about the law or the form—35

min.

Preparing and sending the form to the

IRS—45 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 899 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. 98–14256 Filed 5–28–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

May 22, 1998.

The Department of the 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 June 29, 1998 to

be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545–0042.

Form Number: IRS Form 970.

Type of Review: Extension.

Title: Application to Use LIFO

Inventory Method.

Description: Form 970 is filed by

individuals, partnerships, trusts, estates,

or corporations to elect to use the LIFO

inventory method or to extend the LIFO

method to additional goods. The IRS

uses Form 970 to determine if the

election was properly made.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeepers: 3,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—9 hr., 20 min.

Learning about the law or the form—

2 hr., 23 min.

Preparing and sending the form to the

IRS—2 hr., 39 min.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 43,080 hours.

OMB Number: 1545–0786.

Regulation Project Number: INTL–50–

86 Final (TD 8110).

Type of Review: Extension.

Title: Sanctions on Issuers and

Holders of Registration-Required

Obligations Not in Registered Form.

Description: The Internal Revenue

Service needs the information in order

to ensure that purchasers of bearer

obligations are not U.S. persons (other

than those permitted to hold obligations

under section 165(j) and to ensure that

U.S. persons holding bearer obligations

properly report income and again on

such obligations. The people reporting

will be institutions holding bearer

obligations.

Respondents: Business or other forprofit.

Estimated Number of Respondents:

1,000.

Estimated Burden Hours Per

Respondent: 3 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

39,742 hours.

OMB Number: 1545–1270.

Regulation Project Number: PS–66–93

and PS–120–90 Final.

Type of Review: Extension.

Title: Gasohol; Compressed Natural

Gas (PS–66–93); and Gasoline Excise

Tax (PS–120–90).

Description: PS–66–93: Buyers of

compressed natural gas for a nontaxable use must give a certificate.

Persons who pay a ‘‘first tax’’ on

gasoline must file a report.

PS–120–90: Gasoline refiners, traders,

terminal operators, chemical companies

and gasohol blenders must notify each

other of their registration status and/or

intended use of the product before

transactions may be made tax-free.

Respondents: Business or other forprofit, Not-for-profit institutions, Farms,

State, Local or Tribal Government.

Estimated Number of Respondents:

3,170.

Estimated Burden Hours Per

Respondent: 7 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

371 hours.

OMB Number: 1545–1338.

Regulation Project Number: PS–103–

90 Final.

Type of Review: Extension.

Title: Election Out of Subchapter K for

Producers of Natural Gas.

Description: Under section 1.761–

2(d)(5)(I), gas producers subject to gas

balancing agreements on the

regulation’s effective date are to file

Form 3115 and certain additional

information to obtain the

Commissioner’s consent to a change in

method of accounting to either of the

two new permissible accounting

methods in the regulations.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents:

10.

Estimated Burden Hours Per

Respondent: 30 minutes.

Frequency of Response: Other (one

time only).

Estimated Total Reporting Burden: 5

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
Federal Register / Vol. 63, No. 103 / Friday, May 29, 1998 / Notices 29475

10226, New Executive Office

Building, Washington, DC 20503.

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 98–14257 Filed 5–28–98; 8:45 am]

BILLING CODE 4830–01–P

UNITED STATES ENRICHMENT

CORPORATION

Sunshine Act Meeting

AGENCY: United States Enrichment

Corporation.

SUBJECT: Board of Directors Meeting.

TIME AND DATE: Tuesday–Wednesday,

June 2–3, 1998, commencing at 8:00

a.m. Tuesday, June 2, 1998.

PLACE: USEC Corporate Headquarters,

6903 Rockledge Drive, Bethesda,

Maryland 20817.

STATUS: The Board meeting will be

closed to the public.

MATTER TO BE CONSIDERED: Issues related

to the privatization of the Corporation

and other commercial, financial and

operational issues of the Corporation.

CONTACT PERSON FOR MORE INFORMATION:

Elizabeth Stuckle at 301–564–3399.

Dated: May 26, 1998.

William H. Timbers, Jr.,

President and Chief Executive Officer.

[FR Doc. 98–14370 Filed 5–27–98; 8:45 am]

BILLING CODE 8720–01–M

UNITED STATES INFORMATION

AGENCY

Determination To Close a Portion of

the Advisory Board Meeting of May 27,

1998

Based on information provided to me

by the Advisory Board for Cuba

Broadcasting, I hereby determine that

the 1:00 p.m. to 2:00 p.m. portion of this

meeting should be closed to the public.

The Advisory Board has requested

that part one of this meeting be closed

to the public. Part one will involve

technical information about new

frequency testing and TV transmission,

the premature disclosure of which

would likely frustrate implementation

of a proposed Agency action. Closing

such deliberations to the public is

justified by the Government in the

Sunshine Act under 5 U.S.C.

552b(c)(9)(B). Part one will also involve

discussions of internal Agency and

Board procedures, which is a basis for

closing under 5 U.S.C. 552b(c)(2).

Dated: May 21, 1998.

Joseph Duffey,

Director, United States Information Agency.

United States Information Agency

Meeting of the Advisory Board for

Cuba Broadcasting.

The Advisory Board for Cuba

Broadcasting will conduct a meeting at

301 4th Street, SW., Rm. 840,

Washington, DC on Wednesday, May

27, 1998, at 1:00 p.m.

The intended agenda is listed below.

Advisory Board for Cuba Broadcasting

Meeting, Wednesday, May 27, 1998

Agenda

Part One—Closed to the Public

I. Technical Operations Update

A. Status of UHF Testing

B. Aerostat

II. Internal Procedures

III. Approval of Minutes

Part Two—Open to the Public—2:00

p.m.

I. Programming Changes

II. Major News Event Coverage

III. Relocation Update

IV. Old Business

V. New Business

Members of the public interested in

attending the meeting should contact

Mr. Joseph O’Connell at (202) 619–2538.

[FR Doc. 98–14185 Filed 5–27–98; 8:45 am]

BILLING CODE 8230–01–M