97-19069. Submission to OMB for Review; Comment Request

[Federal Register Volume 62, Number 139 (Monday, July 21, 1997)]
[Notices]
[Pages 39050-39051]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19069]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

July 15, 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

[[Page 39051]]

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: 1545-0770.
    Regulation Project Number: FI-182-78 NPRM.
    Type of Review: Extension.
    Title: Transfers of Securities Under Certain Agreements.
    Description: Section 1058 of the Internal Revenue Code provides 
tax-free treatment for security lending transactions. A written 
agreement is necessary to verify the existence of such lending 
agreement. Lenders of securities are affected.
    Respondents: Business or other for-profit, individuals or 
households, not-for-profit institutions.
    Estimated Number of Respondents: 11,742.
    Estimated Burden Hours Per Respondent: 50 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 9,871 hours.

    OMB Number: 1545-0996.
    Regulation Project Number: EE-113-82 NPRM.
    Type of Review: Extension.
    Title: Required Distributions from Qualified Plans and Individual 
Retirement Plans.
    Description: The regulations provide rules regarding the minimum 
distribution requirements applicable to section 403(b) contracts and 
accounts. Such minimum distribution rules do not apply to benefits 
accrued before January 1, 1987.
    Respondents: Not-for-profit institutions, State, Local or Tribal 
Government.
    Estimated Number of Respondents: 8,400.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 8,400 hours.

    OMB Number: 1545-1359.
    Regulation Project Number: INTL-978-86 NPRM.
    Type of Review: Extension.
    Title: Information Reporting by Passport and Permanent Residence 
Applicants.
    Description: The regulations require applicants for passports and 
permanent residence status to report certain tax information on the 
applications. The regulations are intended to give the Service notice 
of non-filers and of persons with foreign source income not subject to 
normal withholding, and to notify such persons of their duty to file 
U.S. tax returns.
    Respondents: Individuals or households.
    Estimated Number of Respondents:
    Passport Applicants: 5,000,000.
    Permanent Residence Applicants: 500,000.
    Estimated Burden Hours Per Respondent:
    Passport Applicants: 6 minutes.
    Permanent Residence Applicants: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 750,000 hours.

    OMB Number: 1545-1442.
    Regulation Project Number: PS-79-93 Final.
    Type of Review: Extension.
    Title: Grantor Trust Reporting Requirements.
    Description: The information required by these regulations is used 
by the Internal Revenue Service to ensure that items of income, 
deduction, and credit of a trust treated as owned by the grantor or 
another person are properly reported.

Respondents: Individuals or households, business or other for-
profit.

    Estimated Number of Respondents: 1,840,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 920,000 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. 97-19069 Filed 7-18-97; 8:45 am]
BILLING CODE 4830-01-P