97-33131. Submission to OMB for Review; Comment Request

[Federal Register Volume 62, Number 244 (Friday, December 19, 1997)]
[Notices]
[Pages 66717-66718]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33131]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

December 12, 1997.
    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: 1545-0390.
Form Number: IRS Form 5306.
Type of Review: Extension.
Title: Application for Approval of Prototype or Employer Sponsored 
Individual Retirement Account.
Description: This application is used by employers who want to 
establish an individual retirement account trust to be used by their 
employees. The application is also used by persons who want to 
establish approved prototype individual retirement accounts or 
annuities. The data collected is used to determine if plans may be 
approved.
Respondents: Business or other for-profit.

[[Page 66718]]

Estimated Number of Respondents/Recordkeepers: 600.
Estimated Burden Hours Per Respondent/Recordkeeper:

                                                                        
                                                                        
Recordkeeping.......................  11 hr., 58 min.                   
Learning about the law or the form..  24 min.                           
Preparing and sending the form to     37 min.                           
 the IRS.                                                               
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Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 7,782 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. 97-33131 Filed 12-18-97; 8:45 am]
BILLING CODE 4830-01-P