20552 Federal Register / Vol. 61, No. 89 / Tuesday, May 7, 1996 / Notices

FOR FURTHER INFORMATION CONTACT:

Additional information or a copy of the

collection may be obtained by

contacting Jessie Gates or Dionne Walsh,

(202) 874–5090, Legislative and

Regulatory Activities Division (1557–

0204), Office of the Comptroller of the

Currency, 250 E Street SW.,

Washington, DC 20219.

SUPPLEMENTARY INFORMATION:

Title: Interpretive Rulings (12 CFR 7).

OMB Number: 1557–0204.

Form Number: None.

Abstract: This information collection

covers various recordkeeping

requirements in the interpretive rulings

in 12 CFR Part 7. National banks need

these records to insure their compliance

with applicable banking law and

regulatory requirements. The OCC uses

these records as an audit tool to verify

bank compliance.

Type of Review: Renewal of OMB

approval without change.

Affected Public: Businesses or other

for-profit.

Number of Respondents: 2,430.

Total Annual Responses: 2,430.

Frequency of Response:

Recordkeeping.

Total Annual Burden Hours: 4,156.

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; and

(d) Ways to minimize the burden of

the collection on respondents, including

through the use of automated collection

techniques or other forms of information

technology.

Dated: April 30, 1996.

Karen Solomon,

Director, Legislative & Regulatory Activities

Division.

[FR Doc. 96–11376 Filed 5–06–96; 8:45 am]

BILLING CODE 4810–33–P

Internal Revenue Service

Proposed Collection; Comment

Request for Form 8697

AGENCY: Internal Revenue Service (IRS),

Treasury.

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 take this

opportunity to comment on proposed

and/or 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 IRS is

soliciting comments concerning Form

8697, Interest Computation Under the

Look-Back Method for Completed LongTerm Contracts.

DATES: Written comments should be

received on or before July 8, 1996 to be

assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form(s) and instructions

should be directed to Martha R. Brinson,

(202) 622–3869, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Interest Computation Under the

Look-Back Method for Completed LongTerm Contracts.

OMB Number: 1545–1031.

Form Number: Form 8697.

Abstract: Taxpayers required to

account for all or part of any long-term

contract entered into after February 28,

1986, under the percentage of

completion method must use Form 8697

to compute and report interest due or to

be refunded under Internal Revenue

Code section 460(b)(3). The IRS uses

Form 8697 to determine if the interest

has been figured correctly.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households and businesses or other forprofit organizations.

Estimated Number of Respondents:

5,000.

Estimated Time per Respondent: 12

hr. 39 min.

Estimated Total Annual Burden

Hours: 63,270.

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; and (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.

Approved: April 29, 1996.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 96–11347 Filed 5–6–96; 8:45 am]

BILLING CODE 4830–01–U

Proposed Collection; Comment

Request for Form MSR E–665

AGENCY: Internal Revenue Service (IRS),

Treasury.

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 take this

opportunity to comment on proposed

and/or 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 IRS is

soliciting comments concerning Form

MSR E–665 (formerly SWR E–665),

Deduction for Depletion on Ground

Water Used for Irrigation.

DATES: Written comments should be

received on or before July 8, 1996 to be

assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the information collection

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Form MSR E–665, Deduction for

Depletion on Ground Water Used for

Irrigation.

OMB Number: 1545–0520.

Form Number: Form MSR E–665.

Abstract: This form provides a

standard method of computing and

reporting water depletion deductions by

taxpayers who extract ground water