34964 Federal Register / Vol. 63, No. 123 / Friday, June 26, 1998 / Notices

OMB Number: 1545–1142.

Regulation Project Number: INTL–

939–86.

Abstract: This regulation relates to the

definition and computation of the

insurance income of a controlled foreign

corporation, and it also contains rules

applicable to certain captive insurance

companies. The information collection

is required by the IRS in order for

taxpayers to elect to locate risks with

respect to moveable property by

reference to the location of the property

in a prior period; to allocate investment

income to a particular category of

insurance income; to allocate

deductions to a particular category of

insurance income; to determine the

amount of those items, such as reserves,

which are computed with reference to

an insurance company’s annual

statement; to elect to have related

person insurance income treated as

income effectively connected with the

conduct of a United States trade or

business; and to collect the information

required by Code section 6046 relating

to controlled foreign corporations as

defined in Code section 953(c).

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents/

Recordkeepers: 500.

Estimated Time Per Respondent/

Recordkeeper: 28 hr., 12 min.

Estimated Total Annual Burden

Hours: 14,100.

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 16, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–16845 Filed 6–25–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF VETERANS

AFFAIRS

Wage Committee, Meetings

The Department of Veterans Affairs

(VA), in accordance with Pub. L. 92–

463, gives notice that meetings of the

VA Wage Committee will be held on:

Wednesday, July 15, 1998, at 2 p.m.

Wednesday, August 12, 1998, at 2 p.m.

Wednesday, August 26, 1998, at 2 p.m.

Wednesday, September 9, 1998, at 2

p.m.

The meetings will be held in Room

246, Department of Veterans Affairs

Central Office, 810 Vermont Avenue

NW, Washington, DC 20420.

The Committee’s purpose is to advise

the Under Secretary for Health on the

development and authorization of wage

schedules for Federal Wage System

(blue-collar) employees.

At these meetings the Committee will

consider wage survey specifications,

wage survey data, local committee

reports and recommendations, statistical

analyses, and proposed wage schedules.

All portions of the meetings will be

closed to the public because the matters

considered are related solely to the

internal personnel rules and practices of

the Department of Veterans Affairs and

because the wage survey data

considered by the Committee have been

obtained from officials of private

business establishments with a

guarantee that the data will be held in

confidence. Closure of the meetings is in

accordance with subsection 10(d) of

Pub. L. 92–463, as amended by Pub. L.

94–409, and as cited in 5 U.S.C.

552b(c)(2) and (4).

However, members of the public are

invited to submit material in writing to

the Chairperson for the Committee’s

attention.

Additional information concerning

these meetings may be obtained from

the Chairperson, VA Wage Committee

(05), 810 Vermont Avenue NW,

Washington, DC 20420.

Dated: June 16, 1998.

By direction of the Secretary.

Heyward Bannister,

Committee Management Officer.

[FR Doc. 98–17008 Filed 6–25–98; 8:45 am]

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