25356 Federal Register / Vol. 87, No. 82 / Thursday, April 28, 2022 / Notices 

dollars of such transfer(s) of funds 

processed within the preceding 90 

calendar days; 

• The name of any foreign bank that 

certifies that it does not maintain a 

correspondent account for an Iranianlinked Financial Institution; that 

certifies that to its knowledge it has not 

processed one or more transfers of funds 

within the preceding 90 calendar days 

for or on behalf of, directly or indirectly, 

an Iranian-linked Financial Institution, 

other than through a correspondent 

account; and/or that certifies that to its 

knowledge it has not processed one or 

more transfers of funds within the 

preceding 90 calendar days directly or 

indirectly for or on behalf of an IRGClinked Person; 

• The name of any foreign bank for 

which the U.S. bank is unable to 

determine if the foreign bank: (i) 

Maintains a correspondent account for 

an Iranian-linked Financial Institution; 

(ii) has processed one or more transfers 

of funds within the preceding 90 

calendar days directly or indirectly for 

or on behalf of an Iranian-linked 

Financial Institution, other than through 

a correspondent account; and/or (iii) has 

processed one or more transfers of funds 

within the preceding 90 calendar days 

directly or indirectly for or on behalf of 

an IRGC-linked Person. In addition, the 

U.S. bank must provide an explanation 

of the reason(s) the U.S. bank cannot 

determine if the foreign bank has 

provided financial services to an 

Iranian-linked Financial Institution or 

an IRGC-linked Person, for example, if 

the foreign bank fails to respond to a 

request from the U.S. bank; 

• The name of any foreign bank that 

notifies the U.S. bank that it has 

established a new correspondent 

account for an Iranian-linked Financial 

Institution at any time within 365 

calendar days from the date of the 

foreign bank’s initial response, and the 

following related information: The name 

of the Iranian-linked Financial 

Institution; the full name(s) on the 

correspondent account and the 

correspondent account number(s); 

applicable information regarding 

whether the correspondent account has 

been blocked or restricted; and other 

applicable identifying information for 

the correspondent account; 

• If applicable, confirmation that the 

U.S. bank does not maintain a 

correspondent account for the foreign 

bank(s), but only in instances in which 

FinCEN specifically requests that the 

U.S. bank report such information; and 

• If applicable, the name of any 

foreign bank that provides a certification 

to the U.S. bank more than 45 calendar 

days after the date of FinCEN’s request, 

along with all applicable related 

information associated with that 

certification. 

31 CFR 1060.300(c)(2) requires that a 

U.S. bank report to FinCEN within 45 

calendar days of receipt of a CISADA 

Request. U.S. banks must also report to 

FinCEN within 10 calendar days of 

receipt of any subsequent notifications 

received from a foreign bank regarding 

the establishment of a new 

correspondent account for an Iranianlinked Financial Institution. For reports 

based on certifications received from a 

foreign bank after the 45 calendar day 

deadline, U.S. banks are required to 

report to FinCEN within 10 calendar 

days of receipt of the certification. 

(d) Retention of Records 

31 CFR 1060.300(d) requires that U.S. 

banks maintain a copy of any report 

filed and the original or any business 

record equivalent of any supporting 

documentation for a report, including a 

foreign bank certification or other 

responses to a FinCEN inquiry pursuant 

to 31 CFR 1060.300, for a period five 

years. 

(e) No Other Action Required 

31 CFR 1060.300(e) states that nothing 

under 31 CFR 1060.300 shall be 

construed to require a U.S. bank to take 

any action, or to decline to take any 

action, other than the requirements 

identified in 31 CFR 1060.300, with 

respect to an account established for, or 

a transaction engaged in with, a foreign 

bank. However, nothing in 31 CFR 

1060.300 relieves a U.S. bank of any 

other applicable regulatory obligations. 

Form Number: Optional form— 

certification regarding correspondent 

accounts for foreign banks. 

Affected Public: Businesses and other 

for-profits. 

Estimated Number of Respondents: 

5,164. 

Frequency of Response: As required. 

Estimated Number of Responses: 

1,040. 

Estimated Total Annual Burden 

Hours: 1,820 hours. 

Authority: 44 U.S.C. 3501 et seq. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2022–09098 Filed 4–27–22; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Multiple 

Fiscal Service Information Collection 

Requests 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury will submit the following 

information collection requests to the 

Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments must be received on 

or before May 31, 2022. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Fiscal Service (FS) 

1. Title: Trace Request for Electronic 

Funds Transfer (EFT) Payment. 

OMB Control Number: 1530–0002. 

Type of Review: Extension of a 

currently approved collection. 

Description: These forms are used to 

notify the financial organization that a 

customer (beneficiary) has claimed nonreceipt of credit for a payment. The 

forms are designed to help the financial 

organization locate any problems and to 

keep the customer (beneficiary) 

informed of any action taken. 

Form: FS Form 150.1 and FS Form 

150.2. 

Affected Public: Businesses or other 

for-profits. 

Estimated Number of Respondents: 

203,719. 

Estimated Total Number of Annual 

Responses: 203,719. 

Estimated Time per Response: 8 

minutes. 

Estimated Total Annual Burden 

Hours: 27,162 hours. 

2. Title: Creditor’s Request For 

Payment of Treasury Securities 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 82 / Thursday, April 28, 2022 / Notices 25357 

Belonging To A Decedent’s Estate Being 

Settled Without Administration. 

OMB Control Number: 1530–0027. 

Type of Review: Extension of a 

currently approved collection. 

Description: The information is 

requested to obtain a creditor’s consent 

to dispose of savings bonds/notes in 

settlement of a deceased owner’s estate 

without administration. 

Form: FS Form 1050. 

Affected Public: Individuals or 

Households. 

Estimated Number of Respondents: 

2,200. 

Estimated Total Number of Annual 

Responses: 2,200. 

Estimated Time per Response: 6 

minutes. 

Estimated Total Annual Burden 

Hours: 220 hours. 

Authority: 44 U.S.C. 3501 et seq. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2022–09100 Filed 4–27–22; 8:45 am] 

BILLING CODE 4810–AS–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Multiple 

Internal Revenue Service Information 

Collection Requests 

AGENCY: Departmental Offices, 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury will submit the following 

information collection requests to the 

Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments must be received on 

or before May 31, 2022. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS) 

1. Title: Application for 

Determination for Terminating Plan, 

and Distributable Benefits from 

Employee Pension Benefit Plans. 

OMB Control Number: 1545–0202. 

Type of Review: Extension of a 

currently approved collection. 

Description: Employers who have 

qualified deferred compensation plans 

can take an income tax deduction for 

contributions to their plans. Form 5310 

is used to request an IRS determination 

letter about the plan’s qualification 

status (qualified or non-qualified) under 

Internal Revenue Code sections 401(a) 

or 403(a) of a pension. Form 6088 is 

used by the IRS to analyst an 

application for a determination letter on 

the qualification of the plan upon 

termination. 

Form Number: IRS Forms 5310 and 

6088. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

1,244. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 1,244. 

Estimated Time per Response: 66 

hours 6 minutes. 

Estimated Total Annual Burden 

Hours: 82,231. 

2. Title: Request for Discharge from 

Personal Liability Under Internal 

Revenue Code Section 2204 or 6905. 

OMB Control Number: 1545–0432. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 5495 provides 

guidance under sections 2204 and 6905 

for executors of estates and fiduciaries 

of decedent’s trusts. The form, filed after 

regular filing of an Estate, Gift, or 

Income tax return for a decedent, is 

used by the executor or fiduciary to 

request discharge from personal liability 

for any deficiency for the tax and 

periods shown on the form. 

Form Number: IRS Form 5495. 

Affected Public: Individuals or 

Households. 

Estimated Number of Respondents: 

25,000. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 25,000. 

Estimated Time per Response: 12 

hours 16 minutes. 

Estimated Total Annual Burden 

Hours: 306,500 hours. 

3. Title: Low-Income Housing Credit 

Disposition Bond. 

OMB Control Number: 1545–1029. 

Type of Review: Revision of a 

currently approved collection. 

Description: Form 8693 is needed per 

IRC section 42(j)(6) to post bond or 

establish a Treasury Direct Account and 

waive the recapture requirements under 

section 42(j) for certain disposition of a 

building on which the low-income 

housing credit was claimed. Internal 

Revenue regulations section 301.7101–1 

requires that the posting of a bond must 

be done on the appropriate form as 

determined by the Internal Revenue 

Service. 

Form Number: IRS Form 8693. 

Affected Public: Businesses or other 

for-profit; and Individuals or 

Households. 

Estimated Number of Respondents: 

667. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 667. 

Estimated Time per Response: 2 hours 

36 minutes. 

Estimated Total Annual Burden 

Hours: 1,728. 

4. Title: Clear Reflection of Income in 

the Case of Hedging Transactions. 

OMB Control Number: 1545–1412. 

Type of Review: Extension of a 

currently approved collection. 

Description: This regulation provides 

guidance to taxpayers regarding when 

gain or loss from common business 

hedging transactions is recognized for 

tax purposes and requires that the books 

and records maintained by a taxpayer 

disclose the method or methods used to 

account for different types of hedging 

transactions. 

Regulation Project Number: TD 8554. 

Affected Public: Business or other-forprofit organizations. 

Estimated Number of Respondents: 

100,000. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 100,000. 

Estimated Time per Response: 12 

minutes. 

Estimated Total Annual Burden 

Hours: 20,000. 

5. Title: Reporting Requirements for 

Widely Held Fixed Investment Trusts. 

OMB Control Number: 1545–1540. 

Type of Review: Extension of a 

currently approved collection. 

Description: Under regulation section 

1.671–5, the trustee or the middleman 

who holds an interest in a widely held 

fixed investment trust for an investor 

will be required to provide a Form 1099 

to the IRS and a tax information 

statement to the investor. The trust is 

also required to provide more detailed 

tax information to middlemen and 

certain other persons, upon request. 

Regulation Project Number: TD 9308. 

Affected Public: Business or other forprofit organizations. 


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