67390 Federal Register / Vol. 60, No. 250 / Friday, December 29, 1995 / Notices

Internal Revenue Service

Information Reporting Program

Advisory Committee; Meeting

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice of Rescheduled Open

Meeting of the Information Reporting

Program Advisory Committee (IRPAC).

SUMMARY: In 1991 the IRS established

the Information Reporting Program

Advisory Committee. The primary

purpose of IRPAC is to provide an

organized public forum for discussion of

relevant information reporting issues

between the officials of the IRS and

representatives of the payer community.

IRPAC offers constructive observations

about current or proposed policies,

programs, and procedures and, when

necessary, suggests ways to improve the

operation of the Information Reporting

Program.

The meeting previously scheduled for

November 14 & 15, which was canceled

because of the Government-wide

furlough, has been rescheduled for

Wednesday and Thursday, January 31

and February 1, 1996. The meeting will

be held in Room 3313 of the Internal

Revenue Service Building. The building

is located at 1111 Constitution Avenue,

NW., Washington, DC. The meeting will

begin at 9:30 a.m., on both days,

concluding about mid-day on February

1st. Topics to be discussed are listed

below along with a summarized version

of the agenda.

Summarized Agenda for Meeting on January

31–February 1, 1996

Wednesday, January 31, 1996

9:30 Public Meeting Opens

11:30 Break for Lunch

1:00 IRPAC Presentations Continue

4:00 Adjourn for the Day

Thursday, February 1, 1996

9:30 Public Meeting Reconvenes

12:00 Adjourn

The topics that will be covered (in

order) are as follows:

(1) Broader Usage of Form 4669

(2) Notional Principal Contracts

(3) Form 4224 Recertifications

(4) Collection of IRS Forms

(5) Investment Advisor Responsibilities

(6) Employee Tip Reporting - Revision

of Form 4070

(7) Improvement in Communications

with Small Business

(8) TAXLINK

(9) Reporting Requirements for Forms

5498 and 1099R

(10) Reporting Repayments by

Employees

(11) Fringe Benefit Reporting on Form

W–2

(12) Digital Cash

(13) Procurement Card Reporting

(14) Merchandise and Nonreportable

Services

(15) Reporting Nonqualified Deferred

Compensation

(16) Medical Service Provider and Sole

Proprietor Education and

Compliance

Note: Last minute changes to the topics

under discussion are possible and could

prevent advance notice.

SUPPLEMENTARY INFORMATION: IRPAC

reports to the National Director, Service

Center Compliance, who is the

executive responsible for information

reporting and is charged with its

systemwide planning and improvement.

IRPAC is instrumental in providing

advice to enhance the IRP Program.

Increasing participation by external

stakeholders in the planning and

improvement of the tax system will help

achieve the goals of increasing

voluntary compliance and reduction of

burden. IRPAC is currently comprised

of 20 representatives from various

segments of the private sector payer

community. IRPAC members are not

paid for their time or services, but

consistent with Federal regulations,

they are reimbursed for their travel and

lodging expenses to attend two meetings

each year.

DATES: The meeting, which will be open

to the public, will be in a room that

accommodates approximately 75

people, including members of IRPAC

and IRS officials. Seats are available to

the public on a first-come, first-served

basis. In order to get your name on the

building access list, notification of

intent to attend this meeting must be

made with Ms. Tommie Matthews no

later than Friday, January 26, 1996. Ms.

Matthews can be reached at 202–622–

4215 (not a toll-free number).

Notification of intent to attend should

include your name, organization and

phone number. To have a copy of the

agenda faxed to you, also call Ms.

Matthews at the phone number shown

above.

ADDRESSES: If you would like to have

IRPAC consider a written statement,

please write to Kate LaBuda at IRS,

Office of Service Center Compliance,

CP:CO:SC:P, Room 2013, 1111

Constitution Avenue, NW., Washington,

DC, 20224.

FOR FURTHER INFORMATION CONTACT: To

give notification of intent to attend this

meeting or to request a copy of the

agenda, call Ms. Tommie Matthews at

202–622–4214 (not a toll-free number).

For general information about IRPAC,

call Kate LaBuda at 202–622–3404 (not

a toll-free number).

Dated: December 20, 1995.

Approved:

Larry Faulkner,

Director, Office of Payer Compliance, Service

Center Compliance.

[FR Doc. 95–31458 Filed 12–28–95; 8:45 am]

BILLING CODE 4830–01–U

Departmental Offices; Proposed

Agency Information Collection

Activities; Comment, Request

ACTION: Notice and request for

comments.

SUMMARY: 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

an information collection that is due for

renewed approval by the Office of

Management and Budget. The comment

period is 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 Treasury International

Capital Forms CQ–1 and CQ–2,

Financial and Commercial Liabilities to,

and Claims on, Unaffiliated Foreigners.

DATES: Written comments should be

received on or before February 26, 1996

to be assured of consideration.

ADDRESSES: Direct all written comments

to Gary A. Lee, Manager, Treasury

International Capital Reporting System,

Department of the Treasury, Room

5452–A, 1500 Pennsylvania Avenue

NW., Washington DC 20220.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the forms and instructions

should be directed to Gary A. Lee,

Manager, Treasury International Capital

Reporting System, Department of the

Treasury, Room 5452–A, 1500

Pennsylvania Avenue NW., Washington

DC 20220, (202)622–2270.

SUPPLEMENTARY INFORMATION:

Title: Financial and Commercial

Liabilities to, and Claims on,

Unaffiliated Foreigners, Treasury

International Capital Forms CQ–1 and

CQ–2.

OMB Number: 1505–0024.

Abstract: Forms CQ–1 and CQ–2 are

required by law and are designed to

collect timely information on

international portfolio capital
Federal Register / Vol. 60, No. 250 / Friday, December 29, 1995 / Notices 67391

1 5 U.S.C. 552.

2 60 FR 66866 (December 27, 1995).

movements, including data on financial

and commercial liabilities to, and

claims on, unaffiliated foreigners held

by nonbanking enterprises in the United

States. This information is necessary for

compiling the U.S. balance of payments

accounts, for calculating the U.S.

international investment position, and

for use in formulating U.S. international

financial and monetary policies.

Current Actions: No changes to

reporting requirements are proposed at

this time. Minor revisions to

instructions will aim to clarify current

reporting requirements, but will not

affect current paperwork burden.

Type of Review: Extension.

Affected Public: Business or other forprofit.

Estimated Number of Respondents:

500

Estimated Average Time per

Respondent: Four (4) hours per

respondent per filing.

Estimated Total Annual Burden

Hours: 8,000 hours, based on four

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. The public is invited to

submit written comments concerning:

whether Forms CQ–1 and CQ–2 are

necessary for the proper performance of

the functions of the Office, including

whether the information collected has

practical uses; the accuracy of the above

burden estimates; how to enhance the

quality, usefulness, and clarity of the

information to be collected; and how to

minimize the reporting and/or

recordkeeping burdens on respondents,

including the use of information

technologies to automate the collection

of the data.

T. Ashby McCown,

Director, Office of International Financial

Analysis.

[FR Doc. 95–31414 Filed 12–28–95; 8:45 am]

BILLING CODE 4810–25–M

Office of Thrift Supervision

[No. 95–202]

Organizational Structure for Senior

Management

AGENCY: Office of Thrift Supervision,

Treasury.

ACTION: Notice.

SUMMARY: Pursuant to the publication

requirements of section 552 of Title 5,

United States Code, the Office of Thrift

Supervision (OTS) is giving notice of its

new organizational structure for senior

management. In 1995, the Director of

the OTS implemented a senior level

reorganization by establishing five

offices reporting directly to him. These

offices are designated as: Research and

Analysis, Chief Counsel, Supervision,

Administration, and External Affairs.

FOR FURTHER INFORMATION CONTACT:

Evelyne Bonhomme, Counsel (Banking

and Finance), (202) 906–7052,

Regulations and Legislation Division,

Chief Counsel’s Office, Office of Thrift

Supervision, 1700 G Street, NW.,

Washington DC 20552.

SUPPLEMENTARY INFORMATION: Pursuant

to the publication requirements of the

Freedom of Information Act,1 the OTS is

giving notice of its new organizational

structure for senior management. The

final rule that replaced the OTS’s

general organization regulations with a

brief overview was published in the

Federal Register on Wednesday

December 27, 1995.2

The functions of the OTS’s senior

management are currently defined as

follows:

Director of OTS

The Director of the OTS directs and

carries out the mission of the OTS,

which is statutorily responsible for the

regulation and supervision of all savings

associations. The Director determines

policy for the OTS and makes final

decisions on regulations, policies, and

administrative adjudications governing

the industry as a whole and on

measures affecting individual

institutions. The Director ensures that

the OTS achieves its mission by

directing a program of on-site, riskfocused examinations; taking

appropriate supervisory and legal

actions against institutions and

individuals; and by resolving financially

nonviable institutions.

Executive Director for Supervision

The Executive Director for

Supervision provides expert personal

and confidential counsel to the Director

concerning policy decisions and

considerations involving the program

responsibilities for Supervision.

Specifically, the Executive Director (i)

oversees and directs the examination

and supervision of thrift institutions in

the five OTS regions to ensure the safety

and soundness of the industry, (ii)

ensures compliance with consumer

protection laws and regulations, (iii)

oversees the regional quality assurance

program to ensure consistent

applications of policies and procedures,

(iv) oversees, directs, and manages the

development of national policy

guidelines to enhance statutes and

regulations and the establishment of

programs to implement new policy and

law, (v) oversees, directs, and manages

applications processing, securities

filing, corporate secretary and corporate

systems program areas, (vi) serves as the

OTS regulatory appeals officer, and (vii)

represents the OTS’s Director in the

Director’s absence.

Executive Director for Research and

Analysis

The Executive Director for Research

and Analysis provides expert and

confidential advice to the Director

regarding the financial condition of the

thrift industry. The Executive Director

for Research and Analysis is responsible

for the direction and oversight of the

research and analysis functions of the

OTS. The Executive Director oversees

and directs the activities of four units:

Risk Management, Economic Analysis,

Industry Analysis, and Financial

Reporting, ensuring the coordination

and cooperation of the units to achieve

optimal operating efficiencies. The

Executive Director oversees the

preparation and review of various OTS

financial reports, including the

quarterly report on the financial

condition of the thrift industry, and the

preparation and review of OTS

regulations, bulletins, other policy

documents, congressional testimony

and official correspondence on matters

relating to the condition of the thrift

industry, interest rate risk, financial

derivatives, and economic issues.

Chief Counsel

The Chief Counsel provides expert

and confidential legal advice to the

Director. As the OTS’s chief legal

officer, the Chief Counsel directs,

manages, and oversees the legal

activities of the OTS including:

provision of legal services to the

Director, OTS and other OTS staff;

representation of OTS on pending

litigation and other matters; preparation

of the record for final OTS action in

accordance with legal requirements;

legal review of transactional

applications and notices; prosecution of

enforcement actions relating to thrift

institutions; provision of legal advice

and opinions on regulatory and

administrative matters; and drafting

support on regulatory projects, statutes

and congressional testimony.

Executive Director for Administration

The Executive Director for

Administration provides expert and

confidential advice to the Director of the