37622 Federal Register / Vol. 63, No. 133 / Monday, July 13, 1998 / Notices

witnesses containing detailed evidence

should file comments by August 7,

1998. Parties seeking information

concerning the filing of protests should

refer to section 1152.25. The due date

for City’s reply is August 24, 1998.

Written comments and protests must

indicate the proceeding designation STB

Docket No. AB–548 and must be filed

with the Surface Transportation Board,

Office of the Secretary, Case Control

Unit, 1925 K Street, NW, Washington,

DC 20423–0001. A copy of each written

comment or protest must be served

upon the City’s representative Peter A.

Greene, Esq., Thompson Hine & Flory

LLP, 1920 N Street, NW, Suite 800,

Washington, DC 20036 [Telephone (202)

331–8800]. The original and 10 copies

of all comments or protests shall be filed

with the Board with a certificate of

service. Except as otherwise set forth in

part 1152, every document filed with

the Board must be served on all parties

to the adverse discontinuance

proceeding. 49 CFR 1104.12(a).

Persons seeking further information

concerning the abandonment/

discontinuance procedures may contact

the Board’s Office of Public Services at

(202) 565–1592 or refer to the full

abandonment or discontinuance

regulations at 49 CFR part 1152.

Board decisions and notices are

available on our website at

‘‘WWW.STB.DOT.GOV.’’

Decided: July 7, 1998.

By the Board, Joseph H. Dettmar, Acting

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–18567 Filed 7–10–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF THE TREASURY

Departmental Offices; Proposed

Collection; Comment Request

ACTION: Notice and request for

comments.

SUMMARY: .

DATES: 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 comment on

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

Office of International Financial

Analysis within the Department of the

Treasury is soliciting comments

concerning Revisions to Foreign

Currency Forms FC–1 (OMB No. 1505–

0012) Weekly Consolidated Foreign

Currency Report of Major Market

Participants, FC–2 (OMB No. 1505–

0010) Monthly Consolidated Foreign

Currency Report of Major Market

Participants, and FC–3 (OMB No. 1505–

0014) Quarterly Consolidated Foreign

Currency Report. The reports are

mandatory.

DATES: Written comments should be

received on or before September 11,

1998 to be assured of consideration.

ADDRESSES: Direct all written comments

to T. Ashby McCown, Director, Office of

International Financial Analysis,

Department of the Treasury 1500

Pennsylvania Avenue, N.W., Room

5453, Washington, D.C. 20220,

Telephone (202) 622–2250.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the forms and instructions

should be directed to T. Ashby

McCown, director, Office of

International Financial Analysis,

Department of the Treasury,

Washington, D.C. 20220. Telephone

(202) 622–2250, FAX (202) 622–0607.

SUPPLEMENTARY INFORMATION:

Title: Weekly Consolidated Foreign

Currency Report of major market

Participants, Foreign Currency Form

FC–1.

OMB Number: 1505–0012.

Title: Monthly Consolidated Foreign

Currency Report of Major Market

Participants, Foreign Currency Form

FC–2.

OMB Number: 1505–0010.

Title: Quarterly Consolidated Foreign

Currency Report, Foreign Currency

Form FC–3.

OMB Number: 1505–0014.

Abstract: Foreign Currency Forms

FC–1, FC–2, and FC–3 are required by

Public Law 93–110 (31 U.S.C. 5313 and

5321 (a)(3)), which directs the Secretary

of the Treasury to prescribe regulations

reports on foreign currency transactions

conducted by a United States person or

foreign person controlled by a United

States person. The regulations governing

forms FC–1, FC–2, and FC–3 are

contained in Title 31 part 128 of the

Code of Federal Regulations (31 CFR

128) which were published in the

Federal Register on November 2, 1993

(58 FR 58494–58497).

Current Actions: The proposed

revisions in the forms and instructions

are prompted by the introduction of the

new European currency, the Euro, on

January 1, 1999, and by the anticipated

discontinuation of the Federal Financial

Institutions Examination Council

(FFIEC) report 035, ‘’Monthly

Consolidated Foreign Currency Report

of Banks in the United States,’’ currently

filed by banks and banking institutions

in lieu of forms FC–2 and FC–3. Several

modest changes and clarifications in the

forms and instructions for reports FC–1,

FC–2, and FC–3 are proposed as part of

these revision requests.

1. An increase in the exemption level

of the FC–3, from $1 billion to $5 billion

equivalent in foreign exchange contracts

on the last business day of any quarter

of the previous year, is being proposed.

It is estimated that the overall number

of respondents filing FC–2, FC–3 or

FFIEC 035 reports will decline by over

40%.

2. Columns for the U.S. dollar and

Euro currencies have been added to the

face of each form FC–1, FC–2, and FC–

3; and to the Options Addenda on forms

FC–2 and FC–3. Special instructions for

reporting the Euro currency have been

included in Section E. Definitions,

Specified Currencies of FC–1, FC–2, and

FC–3. We anticipate that the current

high level of German mark contracts

reported will be replaced by reported

Euro contracts. The proposal to

maintain a column on the forms for

mark contracts gives respondents the

option to report such contracts either as

German marks or as Euros.

3. Columns for ‘‘All Other combined

[currencies] (excludes US$ and

currencies in columns 1–5) in US$

equivalent’ have been removed from

forms FC–2 and FC–3 and their Options

Addenda.

4. The requirement to report the

‘‘Memorandum-Cross Currency Interest

Rate Swaps’’ has been removed from

forms FC–2 and FC–3.

5. The exemption level for reporting

on the Options Addendum has been

raised from $100 million to $500

million on forms FC–2 and FC–3. In

addition, the exemption level for

reporting ‘‘Net Options Position, Delta

Equivalent Value Long or (Short)’’ has

been raised from $100 million to $500

million on form FC–1.

6. The requirement to report the

‘‘Currency Code’’ and ‘‘Net Delta

Equivalent Value’’ of the two largest

currencies on the form FC–2 Options

Addendum has been removed.

7. A requirement to report all foreign

currency denominated assets and all

foreign currency denominated liabilities

has been added to forms FC–2 and FC–

3. This replaces a requirement to report

foreign currency denominated noncapital assets and non-capital liabilities

on forms FC–2 and FC–3; and a

requirement to report the foreign

currency denominated ‘‘Net Capital

Asset (Liability) Position’’ on form FC–

2.

Type of Review: Revision.
Federal Register / Vol. 63, No. 133 / Monday, July 13, 1998 / Notices 37623

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

Foreign Currency Form FC–1: 35

respondents

Foreign Currency Form FC–2: 35

respondents

Foreign Currency Form FC–3: 66

respondents

Estimated Time Per Respondent:

Foreign Currency Form FC–1: One (1)

hour per respondent per response

Foreign Currency Form FC–2: Four (4)

hours per respondent per response

Foreign Currency Form FC–3: Eight (8)

hours per respondent per response

Estimated Total Annual Burden

Hours:

Foreign Currency Form FC–1: 1,820

hours, based on 52 reporting periods

per year.

Foreign Currency Form FC–2: 1,680

hours, based on 12 reporting periods

per year.

Foreign Currency Form FC–3: 2,112

hours, based on 4 reporting periods

per year.

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:

(1) Whether Foreign Currency Forms

FC–1, FC–2, FC–3 are necessary for the

proper performance of the functions of

the Department of the Treasury,

including whether the information has

practical uses; (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; and

(d) ways to minimize the burden of the

collection of information on

respondents, including the use of

automated collection techniques or

other forms of information technology.

T. Ashby McCown,

Director, Office of International Financial

Anaysis.

[FR Doc. 98–18480 Filed 7–10–98; 8:45 am]

BILLING CODE 4810–25–M

DEPARTMENT OF THE TREASURY

Submission for OMB Review;

Comment Request

June 30, 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 August 12, 1998

to be assured of consideration.

Bureau of the Public Debt (PD)

OMB Number: 1535–0069.

Form Number: PD Fs 5178, 5179,

5179–1, 5180, 5181, 5182, 5188, 5189,

5191, 5201, 5235, 5236, 5261, 5365, and

5381.

Type of Review: Extension.

Title: Treasury Direct Forms.

Description: These forms are used to

purchase and maintain Treasury Bills,

Notes, and Bonds.

Respondents: Individuals or

households.

Estimated Number of Respondents:

431,632.

Estimated Burden Hours Per

Respondent:

Form

Response

time

(minutes)

PD F 5178 .................................... 10

PD F 5179 .................................... 10

PD F 5179–1 ................................ 10

PD F 5180 .................................... 10

PD F 5181 .................................... 15

PD F 5182 .................................... 10

PD F 5188 .................................... 10

PD F 5189 .................................... 10 to 30

PD F 5191 .................................... 10 to 30

PD F 5201 .................................... 10

PD F 5235 .................................... 10

PD F 5236 .................................... 30

PD F 5261 .................................... 15

PD F 5365 .................................... 10

PD F 5381 .................................... 10

Frequency of Response: On occasion.

Estimated Total Reporting Burden

Hours: 58,628 hours.

Clearance Officer: Vicki S. Thorpe,

(304) 480–6553, Bureau of the Public

Debt, 200 Third Street, Parkersburg,

West VA 26106–1328.

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. 98–18478 Filed 7–10–98; 8:45 am]

BILLING CODE 4810–40–P

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

July 1, 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 August 12, 1998

to be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545–0301.

Form Number: IRS Letter 1117(c).

Type of Review: Extension.

Title: Confirmation Letter.

Description: It is necessary to directly

communicate with taxpayers and/or

other knowledgeable parties to obtain

verification of information such as the

correct amount of tax due, returns filed,

etc. Response information is used to

determine the accuracy of tax and ledger

accounts, etc.

Respondents: Individuals or

households, Business or other for-profit,

Not-for-profit institutions, Farms,

Federal Government, State, Local or

Tribal Government.

Estimated Number of Respondents:

4,200.

Estimated Burden Hours Per

Respondent: 15 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

1,050 hours.

OMB Number: 1545–0597.

Form Number: IRS Form 4598.

Type of Review: Extension.

Title: Form W–2, or 1099 Not

Received or Incorrect.

Description: Employers and/or payers

are required to furnish Forms W–2 or

1099 to employees and other payees.

This three-part form is necessary for the

resolution of taxpayer complaints

concerning the non-receipt of or

incorrect Forms W–2 or 1099.

Respondents: Individuals or

households, Business or other for-profit,

Farms, Federal Government, State, Local

or Tribal Government.

Estimated Number of Respondents:

850,000.

Estimated Burden Hours Per

Respondent: 15 minutes.