18438 Federal Register / Vol. 74, No. 76 / Wednesday, April 22, 2009 / Notices 

FOR FURTHER INFORMATION CONTACT: Dr. 

Mary D. Gunnels, Director, Medical 

Programs, (202) 366–4001, 

fmcsamedical@dot.gov, FMCSA, 

Department of Transportation, 1200 

New Jersey Avenue, SE., Room W64– 

224, Washington, DC 20590–0001. 

Office hours are from 8:30 a.m. to 5 p.m. 

Monday through Friday, except Federal 

holidays. 

SUPPLEMENTARY INFORMATION: 

Electronic Access 

You may see all the comments online 

through the Federal Document 

Management System (FDMS) at http:// 

www.regulations.gov. 

Background 

Under 49 U.S.C. 31136(e) and 31315, 

FMCSA may grant an exemption for a 2- 

year period if it finds ‘‘such exemption 

would likely achieve a level of safety 

that is equivalent to, or greater than, the 

level that would be achieved absent 

such exemption.’’ The statute also 

allows the Agency to renew exemptions 

at the end of the 2-year period. The 

comment period ended on March 26, 

2009. 

Discussion of Comments 

FMCSA received no comments in this 

proceeding. 

Conclusion 

The Agency has not received any 

adverse evidence on any of these drivers 

that indicates that safety is being 

compromised. Based upon its 

evaluation of the 23 renewal 

applications, FMCSA renews the 

Federal vision exemptions for David W. 

Ball, Mark L. Braun, Richard A. Brown, 

Jr., Willie Burnett, Jr., Donald K. 

Driscoll, Elias Gomez, Jr., Richard G. 

Gruber, Richard T. Hatchel, William G. 

Holland, Bruce G. Horner, Leon E. 

Jackson, Gerald D. Larson, Thomas F. 

Marczewski, Roy E. Mathews, James T. 

McGraw, Jr., Carl A. Michel, Sr., Robert 

A. Moss, Harry M. Oxendine, Bobby G. 

Pool, Sr., Herbert W. Smith, Ronald 

Watt, Harry C. Weber, Yu Weng. 

In accordance with 49 U.S.C. 31136(e) 

and 31315, each renewal exemption will 

be valid for 2 years unless revoked 

earlier by FMCSA. The exemption will 

be revoked if: (1) The person fails to 

comply with the terms and conditions 

of the exemption; (2) the exemption has 

resulted in a lower level of safety than 

was maintained before it was granted; or 

(3) continuation of the exemption would 

not be consistent with the goals and 

objectives of 49 U.S.C. 31136 and 31315. 

Issued on: April 15, 2009. 

Larry W. Minor, 

Associate Administrator for Policy and 

Program Development. 

[FR Doc. E9–9283 Filed 4–21–09; 8:45 am] 

BILLING CODE 4910–EX–P 

DEPARTMENT OF THE TREASURY 

Office of the Assistant Secretary for 

International Affairs; Survey of Foreign 

Ownership of U.S. Securities as of 

June 30, 2009 

AGENCY: Departmental Offices, 

Department of the Treasury. 

ACTION: Notice of reporting 

requirements. 

SUMMARY: By this Notice, the 

Department of the Treasury is informing 

the public that it is conducting a 

mandatory survey of foreign ownership 

of U.S. securities as of June 30, 2009. 

This mandatory survey is conducted 

under the authority of the International 

Investment and Trade in Services 

Survey Act (22 U.S.C. 3101 et seq.). This 

Notice constitutes legal notification to 

all United States persons (defined 

below) who meet the reporting 

requirements set forth in this Notice that 

they must respond to, and comply with, 

this survey. Additional copies of the 

reporting forms SHL (2009) and 

instructions may be printed from the 

Internet at: http://www.treas.gov/tic/ 

forms-sh.html. 

Definition: A U.S. person is any 

individual, branch, partnership, 

associated group, association, estate, 

trust, corporation, or other organization 

(whether or not organized under the 

laws of any State), and any government 

(including a foreign government, the 

United States Government, a State, 

provincial, or local government, and any 

agency, corporation, financial 

institution, or other entity or 

instrumentality thereof, including a 

government-sponsored agency), who 

resides in the United States or is subject 

to the jurisdiction of the United States. 

Who Must Report: The following U.S. 

persons must report on this survey: 

(1) U.S. persons who manage the 

safekeeping of U.S. securities (as 

specified below) for foreign persons. 

These U.S. persons, who include the 

affiliates in the United States of foreign 

entities, and are henceforth referred to 

as U.S. custodians, must report on this 

survey if the total market value of the 

U.S. securities whose safekeeping they 

manage on behalf of foreign persons— 

aggregated over all accounts and for all 

U.S. branches and affiliates of their 

firm—is $100 million or more as of June 

30, 2009. 

(2) U.S. persons who issue securities, 

if the total market value of their 

securities owned directly by foreign 

persons—aggregated over all securities 

issued by all U.S. subsidiaries and 

affiliates of the firm, including 

investment companies, trusts, and other 

legal entities created by the firm—is 

$100 million or more as of June 30, 

2009. U.S. issuers should report only 

foreign holdings of their securities 

which are directly held for foreign 

residents, i.e., where no U.S.-resident 

custodian or central securities 

depository is used. Securities held by 

U.S. nominees, such as bank or broker 

custody departments, should be 

considered to be U.S.-held securities as 

far as the issuer is concerned. 

(3) U.S. persons who receive a letter 

from the Federal Reserve Bank of New 

York that requires the recipient of the 

letter to file Schedule 1, even if the 

recipient is under the exemption level 

of $100 million and need only report 

‘‘exempt’’ on Schedule 1. 

What To Report: This report will 

collect information on foreign resident 

holdings of U.S. securities, including 

equities, short-term debt securities 

(including selected money market 

instruments), and long-term debt 

securities. 

How To Report: Copies of the survey 

forms and instructions, which contain 

complete information on reporting 

procedures and definitions, can be 

obtained by contacting the survey staff 

of the Federal Reserve Bank of New 

York at (212) 720–6300, e-mail: 

SHLA.help@ny.frb.org. The mailing 

address is: Federal Reserve Bank of New 

York, Statistics Function, 4th Floor, 33 

Liberty Street, New York, NY 10045– 

0001. Inquiries can also be made to the 

Federal Reserve Board of Governors, at 

(202) 452–3476, or to Dwight Wolkow, 

at (202) 622–1276, or by e-mail: 

comments2TIC@do.treas.gov. 

When To Report: Data should be 

submitted to the Federal Reserve Bank 

of New York, acting as fiscal agent for 

the Department of the Treasury, by 

August 31, 2009. 

Paperwork Reduction Act Notice: This 

data collection has been approved by 

the Office of Management and Budget 

(OMB) in accordance with the 

Paperwork Reduction Act and assigned 

control number 1505–0123. An agency 

may not conduct or sponsor, and a 

person is not required to respond to, a 

collection of information unless it 

displays a valid control number 

assigned by OMB. The estimated 

average annual burden associated with 

this collection of information is 486 


dwashington3 on PROD1PC60 with NOTICES
Federal Register / Vol. 74, No. 76 / Wednesday, April 22, 2009 / Notices 18439 

hours per report for the largest 

custodians of securities, and 110 hours 

per report for the largest issuers of 

securities that have data to report and 

are not custodians. Comments 

concerning the accuracy of this burden 

estimate and suggestions for reducing 

this burden should be directed to the 

Department of the Treasury, Office of 

International Affairs, Attention 

Administrator, International Portfolio 

Investment Data Reporting Systems, 

Room 5422, Washington, DC 20220, and 

to OMB, Attention Desk Officer for the 

Department of the Treasury, Office of 

Information and Regulatory Affairs, 

Washington, DC 20503. 

Dwight Wolkow, 

Administrator, International Portfolio 

Investment Data Reporting Systems. 

[FR Doc. E9–9184 Filed 4–21–09; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 1040 and Schedules 

A, B, C, C–EZ, D, D–1, E, EIC, F, H, J, 

R, and SE, Form 1040A and Schedules 

1, 2, and 3, and Form 1040EZ, and All 

Attachments to These Forms 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

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 continuing information collections, 

as required by the Paperwork Reduction 

Act of 1995 (PRA), Public Law 104–13 

(44 U.S.C. 3506(c)(2)(A)). This notice 

requests comments on all forms used by 

individual taxpayers: Form 1040, U.S. 

Individual Income Tax Return, and 

Schedules A, B, C, C–EZ, D, D–1, E, EIC, 

F, H, J, R, and SE; Form 1040A and 

Schedules 1, 2, and 3; Form 1040EZ; 

and all attachments to these forms (see 

the Appendix to this notice). 

DATES: Written comments should be 

received on or before May 22, 2009 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to The OIRA Desk Officer, Office of 

Management and Budget, Room 10235, 

New Executive Office Building, 

Washington, DC 20503. 

oira_submission@omb.eop.gov. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information 

should be directed to Chief, RAS:R:FSA, 

NCA 7th Floor, Internal Revenue 

Service, 1111 Constitution Avenue, 

NW., Washington, DC 20224. 

SUPPLEMENTARY INFORMATION: 

PRA Approval of Forms Used by 

Individual Taxpayers 

Under the PRA, OMB assigns a 

control number to each ‘‘collection of 

information’’ that it reviews and 

approves for use by an agency. The PRA 

also requires agencies to estimate the 

burden for each collection of 

information. The burden estimates for 

each control number are displayed in (1) 

the PRA notices that accompany 

collections of information, (2) Federal 

Register notices such as this one, and 

(3) OMB’s database of approved 

information collections. 

The Individual Taxpayer Burden 

Model (ITBM) estimates burden 

experienced by individual taxpayers 

when complying with the Federal tax 

laws. The ITBM’s approach to 

measuring burden focuses on the 

characteristics and activities of 

individual taxpayers in meeting their 

tax return filing compliance obligation. 

Key determinants of taxpayer burden in 

the model are the way the taxpayer 

prepares the return, e.g., with software 

or paid preparer, and the taxpayer’s 

activities, e.g., recordkeeping and tax 

planning. 

Burden is defined as the time and outof-pocket costs incurred by taxpayers in 

complying with the Federal tax system. 

Time expended and out-of-pocket costs 

incurred are estimated separately. The 

methodology distinguishes among 

preparation methods, taxpayer 

activities, types of individual taxpayer, 

filing methods, and income levels. 

Indicators of tax law and administrative 

complexity as reflected in tax forms and 

instructions are incorporated in the 

model. The preparation methods 

reflected in the model are: 

• Self-prepared without software. 

• Self-prepared with software. 

• Used a paid preparer. 

The types of taxpayer activities 

reflected in the model are: 

• Recordkeeping. 

• Form completion. 

• Form submission (electronic and 

paper). 

• Tax planning. 

• Use of services (IRS and paid 

professional). 

• Gathering tax materials. 

The methodology incorporates results 

from a burden survey of 14,932 

taxpayers conducted in 2000 and 2001, 

and estimates taxpayer burden based on 

those survey results. Summary level 

results using this methodology are 

presented in the table below. 

Taxpayer Burden Estimates 

Time spent and out-of-pocket costs 

are estimated separately. Out-of-pocket 

costs include any expenses incurred by 

taxpayers to prepare and submit their 

tax returns. Examples of out-of-pocket 

costs include tax return preparation and 

submission fees, postage, tax 

preparation software costs, 

photocopying costs, and phone calls (if 

not toll-free). 

Both time and cost burdens are 

national averages and do not necessarily 

reflect a ‘‘typical’’ case. For instance, the 

average time burden for all taxpayers 

filing a 1040, 1040A, or 1040EZ is 

estimated at 26.4 hours, with an average 

cost of $209 per return. This average 

includes all associated forms and 

schedules, across all preparation 

methods and all taxpayer activities. 

Taxpayers filing Form 1040 have an 

expected average burden of about 

33hours, and taxpayers filing Form 

1040A and Form 1040EZ are expected 

to average about 11 hours. However, 

within each of these estimates, there is 

significant variation in taxpayer activity. 

Similarly, tax preparation fees vary 

extensively depending on the taxpayer’s 

tax situation and issues, the type of 

professional preparer, and the 

geographic area. 

The data shown are the best forwardlooking estimates available as of 

November 4, 2008, for income tax 

returns filed for 2008. The estimates are 

subject to change as new data become 

available. The estimates include burden 

for activities up through and including 

filing a return but do not include burden 

associated with post-filing activities. 

However, operational IRS data indicate 

that electronically prepared and e-filed 

returns have fewer arithmetic errors, 

implying a lower associated post-filing 

burden. 

Taxpayer Burden Model 

The table below shows burden 

estimates by form type and type of 

taxpayer. Time burden is further broken 

out by taxpayer activity. The largest 

component of time burden for all 

taxpayers is recordkeeping, as opposed 

to form completion and submission. In 

addition, the time burden associated 

with form completion and submission 

activities is closely tied to preparation 

method (self-prepared without software, 

self-prepared with software, and 

prepared by paid preparer). 


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