98-3280. Submission to OMB for Review; Comment Request

[Federal Register Volume 63, Number 27 (Tuesday, February 10, 1998)]
[Notices]
[Page 6794]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-3280]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

February 3, 1998.
    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: 1545-1566.
    Notice Number: Notice 97-66.
    Type of Review: Extension.
    Title: Certain Payments Made Pursuant to a Securities Lending 
Transaction.
    Description: Notice 97-66 modifies final regulations which are 
effective November 14, 1997. The Notice relaxes the statement 
requirement with respect to substitute interest payments relating to 
securities loans and repurchase transactions. It also provides a 
withholding mechanism to eliminate excessive withholding on multiple 
payments in a chain of substitute dividend payments.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 377,500.
    Estimated Burden Hours Per Respondent: 10 minutes.
    Frequency of Response: Other (once).
    Estimated Total Reporting Burden: 61,750 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. 98-3280 Filed 2-9-98; 8:45 am]
BILLING CODE 4830-01-P