97-727. Submission to OMB for Review; Comment Request

[Federal Register Volume 62, Number 8 (Monday, January 13, 1997)]
[Notices]
[Page 1806]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-727]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

December 26, 1996.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

Internal Revenue Service (IRS)

    OMB Number: 1545-0916.
    Regulation Project Number: E.E.-63-84 TEMP and E.E.-96-85 NPRM.
    Type of Review: Extension.
    Title: Effective Dates and Other Issues Arising Under the employee 
Benefit Provisions of the Tax Reform Act of 1984.
    Description: These temporary regulations provide rules relating to 
effective dates and other issues arising under sections 91, 223 and 
511-561 of the Tax Reform Act of 1984.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 12,800.
    Estimated Burden Hours Per Respondent: 31 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 6,500 hours.

    OMB Number: 1545-1290.
    Regulation Project Number: FI-81-86 Final.
    Type of Review: Extension.
    Title: Bad Debt Reserves of Banks.
    Description: Sections 585(c) of the Internal Revenue Code requires 
large banks to change from the reserve method of accounting to the 
specific charge off method of accounting for bad debts. The information 
required by section 1.585-8 of the regulations identifies any election 
made or revoked by the taxpayer in accordance with section 585(c).
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 2,500.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 625 hours.
    Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW., Washington, DC 
20224.
    OMB Reviewer: Alexander T. Hunt [phone], Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 97-727 Filed 1-10-97; 8:45 am]
BILLING CODE 4830-01-P