Federal Register / Vol. 82, No. 202 / Friday, October 20, 2017 / Notices 48895 

8https://www.occ.gov/publications/publicationsby-type/other-publications-reports/semiannual-riskperspective/semiannual-risk-perspective-spring2017.pdf. 

9See 12 CFR part 21. 

10https://www.occ.treas.gov/publications/ 

publications-by-type/comptrollers-handbook/ 

corporate-risk-governance/pub-ch-corporaterisk.pdf 

on. Also, while the commenter 

recommended that the OCC rescind 

appendix D, the OCC cannot rescind 

regulations or guidelines through the 

PRA renewal process. 

The commenter also stated that the 

collection of information for appendix D 

is unnecessary and of little utility 

because appendix D has been ineffectual 

in fostering enterprise risk governance 

over large complex financial institutions 

since almost seven years after the 

introduction of the OCC’s ‘‘heightened 

expectations’’ and three years after the 

issuance of appendix D, the OCC 

continues to identify enterprise risk 

governance as a key risk facing large 

banks in the OCC’s spring 2017 

Semiannual Risk Perspective.8

However, while appendix D is intended 

to promote enterprise risk governance, 

the OCC recognizes that appendix D 

cannot eliminate the possibility of all 

enterprise risk governance weaknesses. 

The OCC believes that appendix D is a 

valuable mechanism for promoting 

sound enterprise risk governance and 

has observed significant improvement 

in risk governance since the adoption of 

appendix D. However, we also realize 

that risk governance weaknesses may 

remain and can be a risk to the safety 

and soundness of banks. 

The commenter also indicated that 

there is a disconnect between the 

specific risks identified in the OCC’s 

Semiannual Risk Perspectives and the 

‘‘abstract generalized’’ standards in 

appendix D. According to the 

commenter, appendix D does not 

provide standards addressing the 

specific risks identified in the 

Semiannual Risk Perspectives, such as 

cyber security and Bank Secrecy Act 

(BSA) and Anti-Money Laundering risks 

(AML). The standards in appendix D are 

not intended to exhaustively address all 

of the risks facing OCC-regulated banks. 

Indeed, there is a separate appendix to 

12 CFR part 30, appendix B that 

contains standards addressing 

information security. Banks are also 

subject to separate BSA and AML 

requirements.9

The commenter also expressed the 

opinion that the standards in appendix 

D are not actually heightened or more 

robust than the standards the OCC 

applies to many banks with $1 billion 

or more in total assets and that the 

reality is the OCC applies the standards 

in appendix D to many midsize and 

community banks. The commenter 

pointed specifically to the Comptroller’s 

Handbook on Corporate and Risk 

Governance (handbook), suggesting that 

OCC examiners use this handbook for 

all OCC supervised banks.10 Appendix 

D only applies to banks with average 

total consolidated assets equal to or 

greater than $50 billion, banks with 

average total consolidated assets less 

than $50 billion when a bank’s parent 

company controls at least one other 

bank with average total consolidated 

assets equal to or greater than $50 

billion, and banks with average total 

consolidated assets less than $50 billion 

if the OCC determines that a bank’s 

operations are highly complex or 

otherwise present a heightened risk. The 

handbook referenced by the commenter 

specifically notes that only banks with 

average total consolidated assets of $50 

billion or greater (or banks that are 

otherwise included as covered banks in 

appendix D) should adhere to the 

standards in appendix D. The handbook 

includes separate and specific criteria 

for the covered banks subject to 

appendix D. Appendix D contains 

various standards that are not applied to 

smaller banks. For example, appendix D 

specifically provides that at least two 

members of a covered bank’s board of 

directors should qualify as independent 

and provides that boards should 

establish and adhere to a formal, 

ongoing training program. Appendix D 

also imposes specific requirements on 

covered banks’ independent risk 

management that are not applied to all 

OCC-regulated banks, including 

requiring that banks covered by 

appendix D have written risk appetite 

statements that include quantitative 

limits. Additionally, the standards in 

appendix D are legally different than the 

standards contained in the handbook. 

The standards in Appendix D are legally 

enforceable standards adopted pursuant 

to section 39 of the FDIA while the 

handbook is a guidance document. 

Type of Review: Regular review. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

34. 

Estimated Burden per Respondent: 

3,776 hours. 

Estimated Total Annual Burden: 

128,384 hours. 

Comments: Comments continue to be 

invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

has practical utility; 

(b) The accuracy of the OCC’s 

estimate of the burden of the 

information collection; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(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; and 

(e) Estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Dated: October 16, 2017. 

Karen Solomon, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2017–22723 Filed 10–19–17; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Revision; Submission for OMB 

Review; Comptroller’s Licensing 

Manual 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The OCC, 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 an information collection 

revision, as required by the Paperwork 

Reduction Act of 1995 (PRA). 

An agency may not conduct or 

sponsor, and a respondent is not 

required to respond to, an information 

collection unless it displays a currently 

valid Office of Management and Budget 

(OMB) control number. 

The OCC is soliciting comment 

concerning a revision to its information 

collection titled, ‘‘Comptroller’s 

Licensing Manual.’’ The OCC also is 

giving notice that it has sent the 

collection to OMB for review. 

DATES: You should submit written 

comments by November 20, 2017. 

ADDRESSES: Because paper mail in the 

Washington, DC area and at the OCC is 

subject to delay, commenters are 

encouraged to submit comments by 

email, if possible. Comments may be 

sent to: Legislative and Regulatory 

Activities Division, Office of the 


srobinson on DSKBC5CHB2PROD with NOTICES
48896 Federal Register / Vol. 82, No. 202 / Friday, October 20, 2017 / Notices 

1 Interagency Bank Merger Act, Interagency 

Biographical and Financial Report, Interagency 

Notice of Change in Control, and Interagency Notice 

of Change in Director or Senior Executive Officer. 

Comptroller of the Currency, Attention: 

1557–0014, 400 7th Street SW., Suite 

3E–218, Washington, DC 20219. In 

addition, comments may be sent by fax 

to (571) 465–4326 or by electronic mail 

to prainfo@occ.treas.gov. You may 

personally inspect and photocopy 

comments at the OCC, 400 7th Street 

SW., Washington, DC 20219. For 

security reasons, the OCC requires that 

visitors make an appointment to inspect 

comments. You may do so by calling 

(202) 649–6700 or, for persons who are 

deaf or hearing impaired, (202) 649– 

5597. Upon arrival, visitors will be 

required to present valid governmentissued photo identification and submit 

to security screening in order to inspect 

and photocopy comments. 

All comments received, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. Do not 

include any information in your 

comment or supporting materials that 

you consider confidential or 

inappropriate for public disclosure. 

Additionally, please send a copy of 

your comments by mail to: OCC Desk 

Officer, 1557–0014, U.S. Office of 

Management and Budget, 725 17th 

Street NW., #10235, Washington, DC 

20503 or by email to oira submission@

omb.eop.gov. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, OCC Clearance 

Officer, (202) 649–5490 or, for persons 

who are deaf or hearing impaired, (202) 

649–5597, Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, 400 7th 

Street SW., Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501–3520), federal 

agencies must obtain prior approval 

from OMB for each collection of 

information that they conduct or 

sponsor. ‘‘Collection of information’’ is 

defined in 44 U.S.C. 3502(3) and 5 CFR 

1320.3(c) to include agency requests or 

requirements that members of the public 

submit reports, keep records, or provide 

information to a third party. 

The changes to this information 

collection include revisions to four 

interagency forms,1 which are being 

made in conjunction with the Board of 

Governors of the Federal Reserve 

System and the Federal Deposit 

Insurance Corporation. Those agencies 

will issue a separate joint Federal 

Register notice before or shortly after 

this notice. The OCC is issuing its own 

notice so that it may renew its entire 

collection. 

The OCC is requesting that OMB 

extend approval of this collection as 

revised. The entire collection is 

discussed in detail in the ‘‘Description’’ 

section, followed by a section 

highlighting the revisions. 

Title: Comptroller’s Licensing 

Manual. 

OMB Control No.: 1557–0014. 

Description: The information 

collection requirements ensure that 

national banks and federal savings 

associations (FSA) (hereafter ‘‘bank’’ or 

‘‘banks’’) conduct their operations in a 

safe and sound manner and in 

accordance with applicable federal 

banking statutes and regulations. The 

information is necessary for regulatory 

and examination purposes. 

The Comptroller’s Licensing Manual 

(Manual) sets forth the OCC’s policies 

and procedures for the formation of a 

national bank or federal branch or 

agency, entry into the federal banking 

system by other institutions, and 

corporate expansion and structural 

changes by existing banks. The Manual 

includes sample documents to assist the 

applicant in understanding the types of 

information the OCC needs in order to 

process a filing. An applicant may use 

the format of the sample documents or 

any other format that provides sufficient 

information for the OCC to act on a 

particular filing, including the OCC’s 

electronic filing system, the Central 

Application Tracking System. 

The Manual includes requirements for 

the following corporate filings: 

• Interagency Biographical and 

Financial Report—OCC regulations 

require the OCC to perform background 

investigations on proposed organizers, 

executive officers, directors, and 

principal shareholders of banks to 

determine if they have the experience, 

competence, integrity, character, 

financial ability, and willingness to 

direct or lead a bank’s affairs in a safe, 

sound, and legal manner. 12 CFR 5.20, 

5.50, 5.51, and 163.33; 28 CFR 16.34, 

and 20.33. 

• Public Notice and Comments—OCC 

regulations require an applicant to 

publish a public notice of its filing in a 

newspaper of general circulation in the 

community in which the applicant 

proposes to engage in business. 12 CFR 

5.8, 5.9, 5.10, 5.11, and 5.50. 

• Charter—OCC must approve the 

establishment of a bank. The application 

includes a business plan and an oath of 

a bank director. 12 CFR 5.20 and 7.2008. 

• All federally-chartered savings 

associations are required to file and 

receive prior approval for certain 

changes to their charter and/or bylaws. 

The charter and bylaws of an insured 

FSA are formal documents created 

when a savings association establishes 

its corporate existence. The charter 

states the scope, purpose, and duration 

for the corporate entity. 12 CFR 5.20, 

5.21, 5.22, 5.25, and 5.33. 

• Banker’s Bank—OCC regulations 

require that a banker’s bank seeking a 

waiver of a statutory provision must 

request the waiver in a letter to the OCC. 

The letter must include information on 

why the waiver is requested and 

supporting legal analysis. 12 CFR 5.20. 

• Conversions—Institutions must 

request OCC permission to convert to a 

bank. OCC regulations require that a 

converting financial institution provide 

information related to its request to 

convert its charter. 12 CFR 5.23 and 

5.24. 

• Federal Branches and Agencies— 

OCC regulations require that a foreign 

bank desiring to establish a federal 

branch or agency file an application or 

notice with the OCC. 12 CFR 5.70; 12 

CFR part 28. 

• Branches and Relocations—A bank 

must obtain prior approval or give 

notice to the OCC to establish, acquire, 

or relocate a main office or branch. 12 

CFR 5.30, 5.31, 5.40, 5.52, and 145.92; 

36 CFR 800.1 et seq.; 40 CFR 1500.1 et 

seq. 

• Business Combinations and Failure 

Acquisitions—OCC approval is required 

for any merger, corporate 

reorganization, or acquisition of a failed 

institution that will result in a bank. 12 

CFR 5.32 and 5.33. 

• Fiduciary Powers—OCC approval is 

required for a bank to exercise fiduciary 

powers. The request letter represents the 

bank’s conformity with the governing 

statute and its commitment to retain 

qualified trust management. 

Additionally, a bank shall file a notice 

after opening a trust office in a state 

other than its home office state. 12 CFR 

5.26. 

• Operating Subsidiaries—OCC 

regulations require that a bank obtain 

OCC approval prior to establishing, 

acquiring, or performing new activities 

in an operating subsidiary. In certain 

instances, a national bank may file a 

notice after commencing an operating 

subsidiary activity. 12 CFR 5.34, 5.38, 

5.39, and 5.58. 

• Financial Subsidiaries—A national 

bank must obtain the approval of the 

OCC prior to acquiring control of, or 

holding an interest in, a financial 

subsidiary, and prior to commencing a 

new activity in an existing subsidiary. A 

national bank that intends to acquire 

control of, or hold an interest in, a 

financial subsidiary, or to commence a 

new activity in an existing financial 


srobinson on DSKBC5CHB2PROD with NOTICES
Federal Register / Vol. 82, No. 202 / Friday, October 20, 2017 / Notices 48897 

subsidiary, may obtain OCC approval 

through filing a certification with 

subsequent notice or a combined 

certification and notice. 12 CFR 5.39. 

• Bank Service Companies—OCC 

regulations require that a bank notify 

the OCC prior to its investment in 

certain bank service companies. 12 CFR 

5.35. 

• Investments—OCC regulations 

require a national bank that wishes to 

invest in an agricultural credit 

corporation, an eligible savings 

association, or any other equity 

investment authorized by statute after 

February 12, 1990, to provide notice to 

the appropriate OCC district office. The 

regulation also requires that a national 

bank or a federal branch making a noncontrolling investment, directly or 

through an operating subsidiary, file a 

written notice or application. The 

regulations further require an FSA 

making a pass-through investment, 

directly or through its operating 

subsidiary, to file an after-the-fact notice 

or an application. 12 CFR 5.36 and 5.58. 

• Thrift Service Corporations—OCC 

regulations require that an FSA obtain 

OCC approval prior to establishing or 

acquiring a subsidiary or performing 

new activities in a thrift service 

corporation. 12 CFR 5.59. 

• Annual Report—The OCC requires 

that each national bank prepare an 

annual report as of December 31 on its 

operating subsidiaries and file the report 

by January 31 of the following year. 12 

CFR 5.34. 

• Branch Closings—Federal law 

requires a bank to notify the OCC if it 

closes a branch or if it converts a brick 

and mortar branch to an ATM branch. 

12 U.S.C. 1831r–1. 

• Termination of National Bank or 

FSA Charter—OCC regulations require a 

bank to notify the OCC of its intent to 

voluntarily liquidate, merge out, or 

convert out of the bank charter. 12 CFR 

5.25, 5.33(k), and 5.48. 

• Capital and Dividends; 

Subordinated Debt—OCC regulations 

require that a bank obtain OCC approval 

or, in some cases, provide notice to the 

OCC in connection with a change in 

equity capital, an issuance or 

prepayment of subordinated debt, and 

the payment of dividends under certain 

circumstances. The applications are 

titled, ‘‘Increase in Permanent Capital,’’ 

‘‘Reduction of Permanent Capital/ 

Dividends Payable in Property Other 

Than Cash,’’ ‘‘Reverse Stock Split,’’ 

‘‘Quasi-Reorganization,’’ ‘‘Reduction of 

Permanent Capital and Capital 

Distribution,’’ ‘‘Issuance of 

Subordinated Debt,’’ and ‘‘Prepayment 

of Subordinated Debt.’’ 12 CFR 5.45, 

5.46, 5.47, 5.55, 5.56, 5.60, 5.61, 5.62, 

5.63, 5.64, 5.65, 5.66, and 5.67. 

• Change in Control—Any 

individual, group, or company that 

proposes to acquire control of a bank 

must submit prior notice of that intent 

to the OCC. 12 CFR 5.50. 

• Change in Senior Executive Officer 

and Director—Whenever a change in 

control occurs, the bank must promptly 

report to the appropriate federal banking 

agency any changes or replacements of 

its senior executive officer or of any 

director occurring in the next 12-month 

period. Also, prior notice and approval 

is required for any additions to the 

board of directors or senior executive 

officers if: The bank is not in 

compliance with minimum capital 

requirements; is otherwise in troubled 

condition; or after OCC review of the 

plan required under section 38 of the 

Federal Deposit Insurance Act, the OCC 

determines that prior notice is 

appropriate. 12 CFR 5.50(h) and 5.51. 

• Director Waivers—Every national 

bank director must be a citizen of the 

United States and a majority of the 

national bank directors must reside in 

the state where the bank is located. The 

OCC may waive the requirement of 

citizenship for not more than a minority 

of the total number of directors and the 

residency requirement for a majority or 

all of the directors. A national bank may 

file a letter requesting a waiver of the 

citizenship or residency requirements. 

See 12 U.S.C. 72. 

• Change of Corporate Title and 

Address—OCC regulations require a 

bank that changes its corporate title or 

address to inform the OCC of that 

change. 12 CFR 5.42 and 5.52. 

• Management Interlocks—Banks 

may apply to the OCC for exemption 

from the prohibitions on management 

interlocks that would not result in a 

monopoly or substantial lessening of 

competition and would not present 

safety and soundness concerns. 12 CFR 

26.6. 

• Customer Satisfaction Survey—This 

survey information is collected as part 

of the OCC’s quality assurance program. 

• Substantial Asset Change—OCC 

regulations require a bank to obtain 

prior written approval: For a change in 

the composition of all, or substantially 

all, of the bank’s assets either through 

the sale or other disposition of assets; 

once having disposed of all or 

substantially all the assets, to reactivate 

its operations through the subsequent 

purchase, acquisition, or other 

expansion of its operations; for any 

other purchases, acquisitions or other 

expansions of operations that are part of 

a plan to increase the size of the bank 

by more than 25 percent in a one year 

period; for any other material increase 

or decrease in the size of the bank or a 

material alteration in the composition of 

the types of assets or liabilities of the 

bank; or for any change in the purpose 

of the bank’s charter. 12 CFR 5.53. 

Changes to the Information Collection 

The following were updated, with 

burden increases only: Interagency 

Notice of Change in Control, Interagency 

Biographical and Financial Report, and 

Interagency Bank Merger Act 

Application. 

The following forms were updated 

with minor edits: 

• Application Amendments— 

Updated to remove reference to ‘‘CAIS.’’ 

• Authorization for Release of 

Information/Consent Form for 

Background Investigations—Updated to 

make language more clear, in 

compliance with the Fair Credit 

Reporting Act. 

• Branches Requiring 

Authorization—Removed references to 

‘‘OTS.’’ 

• Change of Address—Added a 

missing check box for change in address 

of a branch. 

• Other Equity Investments or PassThrough Investments—Corrected a 

typographical error. 

• Individual Oath of FSA Director— 

Updated to correct typographical errors. 

• Reduction of Permanent Capital/ 

Dividends Payable in Property Other 

Than Cash—12 CFR 5.66 requires 

national banks to obtain approval before 

paying a dividend-in-kind. Previous 

revisions to the form inadvertently 

omitted applicability of the form for this 

use. 

• Interagency Notice of Change in 

Director or Senior Executive Officer— 

Minor updates and further clarification 

of instructions and requirements. 

The following forms were updated to 

clarify the information requested: 

• Increase in Permanent Capital 

Notice—Generally an FSA is not 

required to apply for an increase in 

capital unless the method of increase 

itself requires a filing (such as issuance 

of a new class of stock). However, in 

certain circumstances, a federal stock 

savings association is required to submit 

an application and obtain OCC 

approval. National banks are required to 

give notice and receive OCC 

certification. 

• Interagency Biographical and 

Financial Report—Minor updates and 

further clarification of instructions and 

requirements. Includes additional 

questions related to the application 

review process, such as information on 

lawsuits, suspensions, tax obligations, 

and liabilities. 


srobinson on DSKBC5CHB2PROD with NOTICES
48898 Federal Register / Vol. 82, No. 202 / Friday, October 20, 2017 / Notices 

2 Dodd-Frank Wall Street Reform and Consumer 

Protection Act, Public Law 111–203, July 21, 2010. 

• Interagency Notice of Change in 

Control—Minor updates and further 

clarification of instructions and 

requirements. Includes additional 

questions related to the application 

review process, such as information on 

non-voting shares, and whether the 

applicant is joining an existing group 

acting in concert. 

• Interagency Bank Merger Act— 

Updated to reflect new requirements 

under the Dodd-Frank Act,2 or 

otherwise necessary to evaluate 

statutory factors, as well as additional 

questions related to the application 

review process. Requests financial 

projections for three years versus the 

current one year. 

The following forms were updated to 

delete requirements: 

• Citizenship and Residency 

Waivers—Removed applicability to 

FSAs and clarified that only the 

biographical portion of the form is 

required. 

• Commencement of Fiduciary 

Activities Notice, Fiduciary Powers 

After-the-Fact-Notice, Fiduciary Powers 

Application, and Surrender of Fiduciary 

Powers Notice—Removed requirement 

for a bank seal. 

Additional Requested Items 

The following are additions to the 

collection that capture existing 

requirements: 

• Conversion to National Bank 

Completion Certification and 

Conversion to FSA Completion 

Certification—Certification is submitted 

to indicate that all steps required to 

convert to a bank were taken, including 

execution of all documents required for 

organization, requisite shareholder or 

member approval, board of directors 

authorization, and adoption of bylaws. 

Upon receipt of the certification, the 

OCC issues the institution a new 

charter. 

• Reduction of Permanent Capital 

and Capital Distribution—Under 12 CFR 

5.55, FSAs are required to obtain OCC 

approval before issuing a capital 

distribution under certain 

circumstances. The request is reviewed 

to determine whether the FSA’s request 

is in accordance with existing statutory 

and regulatory criteria. The reporting 

requirements were previously included 

in OTS Form 1583. The new form was 

approved under OMB Control No. 1557– 

0338 and later merged into this 

collection. 

Transfer of a Collection 

Investment in Bank Premises—OCC 

regulations require a bank to obtain 

prior approval whenever an investment 

in bank premises will cause the total 

investment in bank premises to exceed 

the amount of the bank’s capital stock, 

unless the bank is eligible for the 

premises notice process set forth in 12 

CFR 5.37(d)(3). 12 CFR 5.37(d)(1) and 

7.1000(c). This item has been merged 

into the collection covering part 7 (OMB 

Control No. 1557–0204). 

Type of Review: Regular. 

Affected Public: Individuals or 

households; Businesses or other forprofit. 

Estimated Number of Respondents: 

3,715. 

Estimated Total Annual Responses: 

3,715. 

Frequency of Response: On occasion. 

Estimated Total Annual Burden: 

12,533 hours. 

The OCC issued a notice for 60 days 

of comment regarding this collection on 

August 4, 2017, 82 FR 36185. No 

comments were received. Comments 

continue to be invited on: (a) Whether 

the collection of information is 

necessary for the proper performance of 

the functions of the OCC, including 

whether the information has practical 

utility; (b) The accuracy of the OCC’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; (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; and (e) Estimates of capital 

or startup costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Dated: October 16, 2017. 

Karen Solomon, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2017–22722 Filed 10–19–17; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Split-Dollar Life 

Insurance Arrangements 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the 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. Currently, the IRS is 

soliciting comments concerning the 

requirements relating to Split-Dollar 

Life Insurance Arrangements. 

DATES: Written comments should be 

received on or before December 19, 2017 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Tuawana Pinkston, Internal Revenue 

Service, Room 6141, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

Requests for additional information or 

copies of the regulations should be 

directed to R. Joseph Durbala, at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue NW., Washington, 

DC 20224, or through the internet, at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Split-Dollar Life Insurance 

Arrangements. 

OMB Number: 1545–1792. 

Regulation Project Number: TD 9092. 

Abstract: This document contains 

final regulations related to the income, 

employment, and gift taxation of splitdollar life insurance arrangements. The 

final regulations provide needed 

guidance to persons who enter splitdollar life insurance arrangements. 

Current Actions: There is no change to 

the burden previously approved. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Not-for-profit 

institutions. 

Estimated Number of Respondents: 

115,000. 

Estimated Time per Respondent: 17 

minutes. 

Estimated Total Annual Burden 

Hours: 32,500. 

The following paragraph applies to all 

the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a 

collection of information must be 

retained if their contents may become 

material in the administration of any 

internal revenue law. Generally, tax 

returns and tax return information are 

confidential, as required by 26 U.S.C. 

6103. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) is 


srobinson on DSKBC5CHB2PROD with NOTICES