Federal Register / Vol. 74, No. 143 / Tuesday, July 28, 2009 / Notices 37307 

Estimated Total Burden Hours: 280 

hours. 

OMB Number: 1545–1991. 

Type of Review: Revision. 

Form: 8804–W. 

Title: Installment Payments of Section 

1446 Tax for Partnerships. 

Description: Regulations for section 

1446 require a worksheet for installment 

payments of section 1446 tax. 

Partnerships generally must make 

installment payments of estimated 

section 1446 tax if they expect the 

aggregate tax on the effectively 

connected taxable income (ECTI) that is 

allocable to all foreign partners to be 

$500 or more. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 31,600 

hours. 

OMB Number: 1545–1996. 

Type of Review: Extension. 

Title: Notice 2006–05, Waiver for 

Reasonable Cause for Failure to Report 

Loan Origination Fees and Capitalized 

Interest. 

Description: This Notice provides 

information to payees who receive 

payment of interest on qualified 

education loans who are unable to 

comply with the information reporting 

requirements under section 6050S of the 

Internal Revenue Code. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 5,000 

hours. 

OMB Number: 1545–2134. 

Type of Review: Extension. 

Title: Notice 2009–41—Credit for 

Residential energy efficient property. 

Description: This notice provides 

guidance about the procedures by which 

a manufacturer can certify that 

residential energy efficient property 

qualifies for the § 25D credit. This 

notice is intended to provide (1) 

guidance concerning the methods by 

which manufacturers can provide such 

certifications to taxpayers, and (2) 

guidance concerning the methods by 

which taxpayers can claim such credits. 

Respondents: Individuals or 

Households. 

Estimated Total Burden Hours: 350 

hours. 

OMB Number: 1545–1990. 

Type of Review: Extension. 

Title: Application of section 338 to 

Insurance Companies (TD 9377, final). 

Description: Final regulations under 

section 197 of the Internal Revenue 

Code (Code) that apply to a section 197 

intangible resulting from an assumption 

reinsurance transaction, and under 

section 338 that apply to reserve 

increases after a deemed asset sale. The 

final regulations also provide guidance 

with respect to existing section 846(e) 

elections to use historical loss payment 

patterns. The final regulations apply to 

insurance companies. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 12 

hours. 

Clearance Officer: R. Joseph Durbala, 

(202) 622–3634, Internal Revenue 

Service, Room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

OMB Reviewer: Shagufta Ahmed, 

(202) 395–7873, Office of Management 

and Budget, Room 10235, New 

Executive Office Building, Washington, 

DC 20503. 

Celina Elphage, 

Treasury PRA Clearance Officer. 

[FR Doc. E9–17914 Filed 7–27–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Report on Section 529 College Savings 

Plans 

AGENCY: Departmental Offices, Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury invites the general public to 

submit information pertinent to a report 

it will issue on Section 529 college 

savings plans. Such information could 

include data, research studies, opinions 

citing hard data, or references thereof. 

The report is an initiative of the Middle 

Class Task Force chaired by Vice 

President Joe Biden and was announced 

in an April 17th press release that can 

be found at http://www.whitehouse.gov/ 

the_press_office/Middle-Class-TaskForce-Holds-Meeting-on-CollegeAffordability/. The report will examine 

how people save using 529 plans and 

whether they are taking appropriate 

steps to manage risk. In addition, the 

report will identify options and best 

practices for making the 529 plans more 

effective. 

DATES: Written comments must be 

received on or before August 14, 2009, 

to be assured of consideration. 

Submission of Comments: Please 

submit comments electronically through 

the Federal eRulemaking Portal— 

‘‘Regulations.gov.’’ Go to http:// 

regulations.gov, select ‘‘Department of 

the Treasury’’ from the agency menu to 

submit or view public comments. The 

‘‘How to Use This Site’’ and ‘‘User Tips’’ 

links on the Regulations.gov home page 

provide information on using 

Regulations.gov, including instructions 

for submitting or viewing public 

comments, viewing other supporting 

and related materials, and viewing the 

docket after the close of the comment 

period. 

Please include your name, affiliation, 

address, e-mail address, and telephone 

number(s) in your comment. All 

statements received, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. You 

should submit only information that 

you wish to make available publicly. 

FOR FURTHER INFORMATION CONTACT: 

529ReportInput@do.treas.gov. 

SUPPLEMENTARY INFORMATION: The 

Treasury Department is particularly 

interested in data, research studies, 

opinions citing hard data, or references 

thereof, relating to the specific questions 

set forth below. 

1. To what extent are Section 529 

savings plan investment options 

prudent and to what extent do they 

accommodate reasonable attitudes 

toward risk? 

2. To what extent are Section 529 

savings plans invested wisely? 

a. Is there a tendency for accounts to 

be too heavily invested in equities? 

b. To what extent do account owners 

sell equities when prices are falling and 

buy equities when prices are rising? 

c. Should plans take steps to better 

assist account owners in making 

prudent investment choices? If so, what 

steps would be appropriate? 

3. To what extent are Section 529 

savings plan account fees reasonable? 

a. How do fees compare with similar 

retail mutual funds, and what factors 

might explain any differences? 

b. How much variance is there in fees 

across plans for a similar investment 

option, and what factors might explain 

any such variance? 

4. To what extent do low- and middleincome families benefit from Section 

529 savings plans and Section 529 

prepaid tuition plans? 

a. How do the financial incentives for 

participation vary with family income? 

b. How does financial aid eligibility 

affect the financial incentives for 

participation? 

c. How are contributions, account 

balances, and tax benefits distributed 

across income groups? 

d. Controlling for initial family 

attitudes toward education, does having 

a Section 529 savings account increase 

the beneficiary’s likelihood of attending 

college? 

e. Are state matching grants an 

effective means of encouraging Section 

529 contributions from low- and 

moderate-income families? 

f. Are tax subsidies for saving the 

most cost effective way to make college 

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37308 Federal Register / Vol. 74, No. 143 / Tuesday, July 28, 2009 / Notices 

affordable for low- and middle- income 

families? 

5. Do prepaid tuition plans assess a 

reasonable premium in exchange for 

reducing participant risks with respect 

to investment returns and increases in 

the cost of attending college? 

Alan B. Krueger, 

Assistant Secretary for Economic Policy. 

[FR Doc. E9–17916 Filed 7–27–09; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Office of Thrift Supervision 

Suspicious Activity Report 

AGENCY: Office of Thrift Supervision 

(OTS), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The proposed information 

collection request (ICR) described below 

has been submitted to the Office of 

Management and Budget (OMB) for 

review and approval, as required by the 

Paperwork Reduction Act of 1995. OTS 

is soliciting public comments on the 

proposal. 

DATES: Submit written comments on or 

before August 27, 2009. A copy of this 

ICR, with applicable supporting 

documentation, can be obtained from 

RegInfo.gov at http://www.reginfo.gov/ 

public/do/PRAMain. 

ADDRESSES: Send comments, referring to 

the collection by title of the proposal or 

by OMB approval number, to OMB and 

OTS at these addresses: Office of 

Information and Regulatory Affairs, 

Attention: Desk Officer for OTS, U.S. 

Office of Management and Budget, 725 

17th Street, NW., Room 10235, 

Washington, DC 20503, or by fax to 

(202) 395–6974; and Information 

Collection Comments, Chief Counsel’s 

Office, Office of Thrift Supervision, 

1700 G Street, NW., Washington, DC 

20552, by fax to (202) 906–6518, or by 

e-mail to 

infocollection.comments@ots.treas.gov. 

OTS will post comments and the related 

index on the OTS Internet Site at 

http://www.ots.treas.gov. In addition, 

interested persons may inspect 

comments at the Public Reading Room, 

1700 G Street, NW., by appointment. To 

make an appointment, call (202) 906– 

5922, send an e-mail to 

public.info@ots.treas.gov, or send a 

facsimile transmission to (202) 906– 

7755. 

FOR FURTHER INFORMATION CONTACT: For 

further information or to obtain a copy 

of the submission to OMB, please 

contact Ira L. Mills at, 

ira.mills@ots.treas.gov (202) 906–6531, 

or facsimile number (202) 906–6518, 

Regulations and Legislation Division, 

Chief Counsel’s Office, Office of Thrift 

Supervision, 1700 G Street, NW., 

Washington, DC 20552. 

SUPPLEMENTARY INFORMATION: OTS may 

not conduct or sponsor an information 

collection, and respondents are not 

required to respond to an information 

collection, unless the information 

collection displays a currently valid 

OMB control number. As part of the 

approval process, we invite comments 

on the following information collection. 

Title of Proposal: Suspicious Activity 

Report. 

OMB Number: 1550–0003. 

Form Number: 1601. 

Description: OTS and the bank 

regulators, including the Board, adopted 

the Suspicious Activity Report (SAR) in 

1996 to simplify the process through 

which depository institutions (‘‘banks’’) 

inform their regulators and law 

enforcement about suspected criminal 

activity. The SAR was updated in 1999 

and again in 2003. 

In 1992, the Treasury Department was 

granted broad authority to require 

suspicious transaction reporting under 

the Bank Secrecy Act. See 31 U.S.C. 

5318(g). The Department of the 

Treasury’s Financial Crimes 

Enforcement Network, which has been 

delegated authority to administer the 

Bank Secrecy Act, joined with the bank 

regulators in 1996 in requiring, on a 

consolidated form (the SAR form), 

reports of suspicious transactions. See 

31 CFR 103.18(a). 

The filing of SARs is necessary to 

prevent and detect the laundering of 

money and other funds at banks. 

Banks are required to retain a copy of 

any SAR filed and supporting 

documentation for the filing of the SAR 

for five years. See 31 CFR 103.18(d), 31 

CFR 103.38 and 12 CFR 563.180(d)(6). 

These documents are necessary for 

criminal investigations and 

prosecutions. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit. 

Estimated Number of Respondents: 

804. 

Estimated Number of Responses: 

58,821. 

Estimated Burden Hours per 

Response: 1 hour for the report; 1.8 

hours for retention. 

Estimated Frequency of Response: On 

occasion. 

Estimated Total Burden: 164,698 

hours. 

Clearance Officer: Ira L. Mills, (202) 

906–6531, Office of Thrift Supervision, 

1700 G Street, NW., Washington, DC 

20552. 

Dated: July 21, 2009. 

Deborah Dakin, 

Acting Chief Counsel, Office of Thrift 

Supervision. 

[FR Doc. E9–17846 Filed 7–27–09; 8:45 am] 

BILLING CODE 6720–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Advisory Committee on Disability 

Compensation; Notice of Meeting 

The Department of Veterans Affairs 

(VA) gives notice under Public Law 92– 

463 (Federal Advisory Committee Act) 

that the Advisory Committee on 

Disability Compensation will meet on 

August 10–11, 2009, in the Carlton 

Ballroom at the St. Regis Washington 

DC, 923 16th and K Streets, NW., from 

8:30 a.m. to 5 p.m. each day. The 

meeting is open to the public. 

The purpose of the Committee is to 

advise the Secretary of Veterans Affairs 

on the maintenance and periodic 

readjustment of the VA Schedule for 

Rating Disabilities. The Committee is to 

assemble and review relevant 

information relating to the nature and 

character of disabilities arising from 

service in the Armed Forces, provide an 

ongoing assessment of the effectiveness 

of the rating schedule and give advice 

on the most appropriate means of 

responding to the needs of veterans 

relating to disability compensation. 

On August 10 and the morning of 

August 11, the Committee will receive 

briefings about studies on compensation 

for Veterans with service-connected 

disabilities and other Veteran benefits 

programs. On the afternoon of August 

11, the Committee will break into 

subcommittees to prepare 

recommendations. Time will also be 

allocated during the afternoon of August 

11 for receiving public comments. 

Public comments will be limited to 

three minutes each. Individuals wishing 

to make oral statements before the 

Committee will be accommodated on a 

first-come, first-served basis. 

Individuals who speak are invited to 

submit 1–2 page summaries of their 

comments at the time of the meeting for 

inclusion in the official meeting record. 

The public may submit written 

statements for the Committee’s review 

to Ms. Ersie Farber, Designated Federal 

Officer, Department of Veterans Affairs, 

Veterans Benefits Administration 

(211A), 810 Vermont Avenue, NW., 

Washington, DC 20420. Any member of 

the public wishing to attend the meeting 

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