Federal Register / Vol. 79, No. 229 / Friday, November 28, 2014 / Notices 70933 

Current Actions: The proposed 

changes will: (1) Modify the 

determination of who must report on 

the annual surveys to include 

consideration of those filing the 

monthly TIC Form SLT report; (2) 

streamline Forms SHL/SHLA to provide 

consistency among the annual surveys 

and the TIC Form SLT (details of the 

changes follow below); and (3) update 

and clarify the instructions, including 

updating how to submit reports and the 

line-by-line instructions. The changes 

will improve overall survey reporting. 

The remainder of the Current Actions 

section shows in more detail the 

proposed changes to streamline Form 

SHL/SHLA, organized by schedule. 

The following changes apply to 

Schedule 1: Reporter Contact 

Information and Summary of Financial 

Information: 

a. Minor changes in wording 

concerning the reporter’s identification 

number, name, and contacts. 

b. Lines that previously lacked 

numbers now have them, resulting in 

renumbering of subsequent lines. 

c. In ‘‘Reporter Type’’: ‘‘Banks’’ is 

replaced with ‘‘Depository Institution’’, 

‘‘Mutual fund or investment trust’’ is 

replaced with ‘‘Fund/Fund Manager/

Sponsor (excluding pension fund)’’, and 

‘‘Other Financial Organization’’ is 

specified to include ‘‘BHCs (Bank 

Holding Companies) and FHCs 

(Financial Holding Companies)’’. The 

category ‘‘Pension Fund’’ is added. 

d. The line for a contact fax number 

is eliminated. 

The following changes apply to 

Schedule 2: Details of Securities: 

a. Minor changes in wording 

throughout to remove instruction 

comments. 

b. Lines are renumbered 

c. The line for ‘‘Security ID System’’ 

is now consistent across Forms SHCA 

and SHLA. The new categories are: 1 = 

CUSIP, 2 = ISIN, 3 = CINS, 4 = Common 

Code, 5 = SEDOL, 6 = Internally 

Generated, and 7 = Other. 

d. The lines applying to debt 

securities (including asset-backed 

securities) are reorganized, though the 

substance of the information to be 

reported remains unchanged. 

e. The ‘‘Term Indicator’’ line is 

eliminated. 

f. The ‘‘Intentionally Left Blank’’ lines 

are eliminated. 

g. ‘‘Market values’’ is replaced by 

‘‘Fair values’’. 

h. Within ‘‘Type of Issuer’’: ‘‘Other’’ is 

eliminated and the categories of 

‘‘Depository Institution’’, ‘‘Other 

Financial Organization (including BHC 

and FHC)’’, and ‘‘Nonfinancial 

Organization’’ are added. 

i. The ‘‘Issuer Code’’ is renamed to 

‘‘Reporting As’’. 

j. For Schedule 2, electronic filing is 

required if 100 or more records are 

submitted, revised from the previous 

200 or more records. 

k. Minor changes in wording 

throughout to remove instruction 

comments. 

l. Change in Electronic Submission 

Method: Reporting Central is replacing 

the Internet Electronic Submission 

(IESUB) application. The Federal 

Reserve developed Reporting Central to 

enhance the overall reporting 

functionality of the Federal Reserve 

Banks’ data collection and processing 

activities. These enhancements will 

allow for a more secure, technically 

advanced, and efficient system that will 

encompass a single point of entry for 

electronic submission and file uploads. 

Additional information about the 

Reporting Central application, including 

an online resource center, is available 

at: https://www.frbservices.org/

centralbank/reportingcentral/

index.html, or from your contact at the 

Federal Reserve Bank of New York. 

Type of Review: Revision of a 

currently approved data collection. 

Affected Public: Business/Financial 

Institutions. 

Form: TIC SHL/SHLA, Schedules 1 

and 2 (1505–0123). 

Estimated Number of Respondents: 

An annual average (over five years) of 

191, but this varies widely from about 

540 in benchmark years (once every five 

years) to about 104 in other years (four 

out of every five years). 

Estimated Average Time per 

Respondent: An annual average (over 

five years) of about 168 hours, but this 

will vary widely from respondent to 

respondent. (a) In the year of a 

benchmark survey, which is conducted 

once every five years, it is estimated that 

exempt respondents will require an 

average of 17 hours; for custodians of 

securities, the estimate is a total of 321 

hours on average, but this figure will 

vary widely for individual custodians; 

and for issuers of securities that have 

data to report and are not custodians, 

the estimate is 61 hours on average. (b) 

In a non-benchmark year, which occurs 

four years out of every five years, it is 

estimated that the largest custodians of 

securities will require a total of 486 

hours on average; and for the largest 

issuers of securities that have data to 

report and are not custodians, the 

estimate is 110 hours on average. The 

exemption level for custodians and for 

end-investors is the holding of less than 

$100 million in reportable U.S. 

securities owned by foreign residents. 

The exemption level applies only in 

benchmark years. 

Estimated Total Annual Burden 

Hours: An annual average (over five 

years) of 32,050 hours. 

Frequency of Response: Annual. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for Office of Management and 

Budget approval. All comments will 

become a matter of public record. The 

public is invited to submit written 

comments concerning: (a) Whether the 

Survey is necessary for the proper 

performance of the functions of the 

Office of International Affairs within the 

Department of the Treasury, including 

whether the information collected will 

have practical uses; (b) the accuracy of 

the above estimate of the burdens; (c) 

ways to enhance the quality, usefulness 

and clarity of the information to be 

collected; (d) ways to minimize the 

reporting and/or record keeping burdens 

on respondents, including the use of 

information technologies to automate 

the collection of the data requested; and 

(e) estimates of capital or start-up costs 

of operation, maintenance and purchase 

of services to provide the information 

requested. 

Dwight Wolkow, 

Administrator, International Portfolio 

Investment Data Systems. 

[FR Doc. 2014–28121 Filed 11–26–14; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

November 24, 2014. 

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, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before December 29, 2014 to be 

assured of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestions for reducing the burden, to 

(1) Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Attention: Desk Officer for 

Treasury, New Executive Office 

Building, Room 10235, Washington, DC 

20503, or email at OIRA_Submission@

OMB.EOP.gov and (2) Treasury PRA 

Clearance Officer, 1750 Pennsylvania 


tkelley on DSK3SPTVN1PROD with NOTICES
70934 Federal Register / Vol. 79, No. 229 / Friday, November 28, 2014 / Notices 

Ave. NW., Suite 8140, Washington, DC 

20220, or email at PRA@treasury.gov. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submission(s) may be 

obtained by calling (202) 927–5331, 

email at PRA@treasury.gov, or the entire 

information collection request may be 

found at www.reginfo.gov. 

Internal Revenue Service (IRS) 

OMB Number: 1545–0854. 

Type of Review: Revision of a 

currently approved collection. 

Title: Section 301.7245–3, Discharge 

of Liens; (TD 9410). 

Form: 14497, 14498. 

Abstract: The Internal Revenue 

Service needs this information in 

processing a request to sell property of 

a tax lien at a non-judicial sale. This 

information will be used to determine 

the amount, if any, to which the tax lien 

attaches. 

Affected Public: Private sector: 

Businesses or other for-profits. 

Estimated Annual Burden Hours: 

3,833. 

OMB Number: 1545–1005. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: TD 8302 Low-Income Housing 

Credit for Federally-Assisted Buildings. 

Abstract: The rule requires the 

taxpayer (low-income building owner) 

to seek a waiver in writing from the IRS 

concerning low-income buildings 

acquired during a special 10-year period 

in order to avert a claim against a 

Federal mortgage insurance fund. 

Affected Public: Private sector: 

Businesses or other for-profits. 

Estimated Annual Burden Hours: 

3,000. 

OMB Number: 1545–1381. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: TD 8546—Limitations on 

Corporate Net Operating Loss. 

Abstract: This document contains 

final income tax regulations providing 

rules for allocating net operating loss or 

taxable income, and net capital loss or 

gain, within the taxable year in which 

a loss corporation has an ownership 

change under section 382 of the Internal 

Revenue Code of 1986. These 

regulations permit the loss corporation 

to elect to allocate these amounts 

between the period ending on the 

change date and the period beginning 

on the day after the change date as if its 

books were closed on the change date. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Annual Burden Hours: 200. 

OMB Number: 1545–1209. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Disclosure of Tax Return 

Information for Purposes of Quality or 

Peer Reviews. 

Abstract: These regulations contain 

requirements that tax return preparers 

being reviewed will maintain a record of 

the review; include the information 

reviewed, and the identity of the 

persons conducting the review. 

Affected Public: Private sector: 

Businesses and other for-profits. 

Estimated Annual Burden Hours: 

250,000. 

OMB Number: 1545–1759. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Amended Quarterly Federal 

Excise Tax Return. 

Form: 720X. 

Abstract: Form 720X is used to make 

adjustments to correct errors on form 

720 filed for previous quarters. It can be 

filed by itself or it can be attached to 

any subsequent Form 720. Code section 

6416(d) allows taxpayers to take a credit 

on a subsequent return rather than filing 

a refund claim. Creation of Form 720X 

is the result of a project to provide a 

uniform standard for trust fund 

accounting. 

Affected Public: Private sector: 

Businesses and other for-profits. 

Estimated Annual Burden Hours: 

152,460. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2014–28128 Filed 11–26–14; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

November 24, 2014. 

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, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before December 29, 2014 to be 

assured of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestions for reducing the burden, to 

(1) Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Attention: Desk Officer for 

Treasury, New Executive Office 

Building, Room 10235, Washington, DC 

20503, or email at OIRA_Submission@

OMB.EOP.gov and (2) Treasury PRA 

Clearance Officer, 1750 Pennsylvania 

Ave. NW., Suite 8140, Washington, DC 

20220, or email at PRA@treasury.gov. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submission may be 

obtained by emailing PRA@treasury.gov, 

calling (202) 927–5331, or viewing the 

entire information collection request at 

www.reginfo.gov. 

Alcohol and Tobacco Tax and Trade 

Bureau (TTB) 

OMB Number: 1513–0021. 

Type of Review: Revision of a 

currently approved collection. 

Title: Formula and Process for Non 

Beverage Product. 

Form: TTB F 5154.1. 

Abstract: Businesses using taxpaid 

distilled spirits to manufacture nonbeverage products may receive 

drawback (i.e., a refund or remittance) 

of tax, if they can show that the spirits 

were used in the manufacture of 

products unfit for beverage use. This 

showing is based on the formula for the 

product, which is submitted on TTB 

Form 5154.1. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Annual Burden Hours: 

2,953. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2014–28090 Filed 11–26–14; 8:45 am] 

BILLING CODE 4810–31–P 

UNITED STATES SENTENCING 

COMMISSION 

Request for Applications; Tribal Issues 

Advisory Group 

AGENCY: United States Sentencing 

Commission. 

ACTION: Notice. 

SUMMARY: The Commission has decided 

to establish a Tribal Issues Advisory 

Group as an ad hoc advisory group 

pursuant to 28 U.S.C. 995 and Rule 5.4 

of the Commission’s Rules of Practice 

and Procedure. Having adopted a formal 

charter for the Tribal Issues Advisory 

Group, the Commission is constituting 

the at-large voting membership of the 

advisory group under that charter. To be 

eligible to serve as an at-large voting 

member, an individual must have 

expertise, knowledge, and/or experience 

in the issues considered by the Tribal 

Issues Advisory Group as indicated in 

the SUPPLEMENTARY INFORMATION section 


tkelley on DSK3SPTVN1PROD with NOTICES