Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices 70881

Burden Estimate: DEPARTMENT OF THE TREASURY movement fee is not a Treasury fee, but Estimated Number of Respondents: is charged by the Federal Reserve for the 61. Fiscal Service cost of moving funds associated with Estimated Annual Responses per the transfer of a Treasury book-entry Respondent: 12 per year. Bureau of the Fiscal Service security. The two fees will result in a combined fee of $0.92 for each transfer Estimated Burden per Response: 40 Fee Schedule for the Transfer of U.S. hours per month/per bank. of Treasury book-entry securities. The Treasury Book-Entry Securities Held surcharge for an off-line Treasury book- Estimated Total Annual Burden: on the National Book-Entry System 29,280 hours. entry securities transfer will remain at $50.00. Off-line refers to the sending Comments submitted in response to Authority: 31 CFR 357.45. this notice will be summarized and and receiving of transfer messages to or included in the request for OMB AGENCY: Bureau of the Fiscal Service, from a Federal Reserve Bank by means approval. All comments become a Fiscal Service, Treasury. other than on-line access, such as by matter of public record. Comments are ACTION: Notice. written, facsimile, or telephone voice invited on: instruction. The basic transfer fee SUMMARY: The Department of the (a) Whether the collection of assessed to both sends and receives is Treasury (Treasury) is announcing a reflective of costs associated with the information is necessary for the proper new fee schedule applicable to transfers performance of the functions of the processing of securities transfers. The of U.S. Treasury book-entry securities off-line surcharge reflects the additional OCC, including whether the information maintained on the National Book-Entry shall have practical utility; processing costs associated with the System (NBES) that occur on or after manual processing of off-line securities (b) The accuracy of the OCC’s January 4, 2016. estimate of the burden of the collection transfers. DATES: Effective January 4, 2016. of information; Treasury does not charge a fee for (c) Ways to enhance the quality, FOR FURTHER INFORMATION CONTACT: account maintenance, the stripping and utility, and clarity of the information to Brandon Taylor or Janeene Wilson, reconstitution of Treasury securities, the be collected; Bureau of the Fiscal Service, 202–504– wires associated with original issues, or (d) Ways to minimize the burden of 3550. interest and redemption payments. the collection on respondents, including SUPPLEMENTARY INFORMATION: Treasury Treasury currently absorbs these costs. has established a fee structure for the through the use of automated collection The fees described in this notice transfer of Treasury book-entry techniques or other forms of information apply only to the transfer of Treasury securities maintained on NBES. technology; and book-entry securities held on NBES. Treasury reassesses this fee structure (e) Estimates of capital or start-up Information concerning fees for book- costs and costs of operation, periodically based on its review of the latest book-entry costs and volumes. entry transfers of Government Agency maintenance, and purchase of services securities, which are priced by the to provide information. For each transfer or reversal of Treasury securities sent or received on Federal Reserve, is set out in a separate Dated: November 9, 2015. or after January 4, 2016, the basic fee Federal Register notice published by Stuart E. Feldstein, will increase from $0.75 to $0.81. The the Federal Reserve. Director, Legislative & Regulatory Activities Board of Governors of the Federal The following is the Treasury fee Division. Reserve System (Federal Reserve) will schedule that will take effect on January [FR Doc. 2015–28896 Filed 11–13–15; 8:45 am] maintain its fee for Federal Reserve 4, 2016, for book-entry transfers on BILLING CODE 4810–33–P funds movement at $0.11. The funds NBES:

TREASURY—NBES FEE SCHEDULE—EFFECTIVE JANUARY 4, 2016 [In dollars]

Off-line Funds Transfer type Basic fee surcharge movement fee Total fee

On-line transfer originated ...... 0.81 N/A 0.11 0.92 On-line transfer received ...... 0.81 N/A 0.11 0.92 On-line reversal transfer originated ...... 0.81 N/A 0.11 0.92 On-line reversal transfer received ...... 0.81 N/A 0.11 0.92 Off-line transfer originated ...... 0.81 50.00 0.11 50.92 Off-line transfer received ...... 0.81 50.00 0.11 50.92 Off-line account switch received ...... 0.81 0.00 0.11 0.92 Off-line reversal transfer originated ...... 0.81 50.00 0.11 50.92 Off-line reversal transfer received ...... 0.81 50.00 0.11 50.92

Dated: October 22, 2015. DEPARTMENT OF THE TREASURY ACTION: Notice and request for David A. Lebryk, comments. Fiscal Assistant Secretary. Internal Revenue Service SUMMARY: The Department of the [FR Doc. 2015–29194 Filed 11–13–15; 8:45 am] Proposed Collection; Comment Treasury, as part of its continuing effort BILLING CODE 4810–AS–P Request for Form 8611 to reduce paperwork and respondent burden, invites the general public and AGENCY: Internal Revenue Service (IRS), other Federal agencies to take this Treasury. opportunity to comment on proposed

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and/or continuing information request for OMB approval. All FOR FURTHER INFORMATION CONTACT: collections, as required by the comments will become a matter of Requests for additional information or Paperwork Reduction Act of 1995, public record. Comments are invited on: copies of the forms, instructions, and Public Law 104–13(44 U.S.C. (a) Whether the collection of notice should be directed to Sara 3506(c)(2)(A)). Currently, the IRS is information is necessary for the proper Covington, Internal Revenue Service, soliciting comments concerning Form performance of the functions of the Room 6129, 1111 Constitution Avenue 8611, Recapture of Low-Income Housing agency, including whether the NW., Washington, DC 20224, or through Credit. information shall have practical utility; the internet at [email protected]. DATES: Written comments should be (b) the accuracy of the agency’s estimate SUPPLEMENTARY INFORMATION: received on or before January 15, 2016 of the burden of the collection of Title: Form 5304–SIMPLE, Savings to be assured of consideration. information; (c) ways to enhance the Incentive Match Plan for Employees of quality, utility, and clarity of the ADDRESSES: Direct all written comments Small Employers (SIMPLE)—Not for to Michael Joplin, Internal Revenue information to be collected; (d) ways to Use With a Designated Financial minimize the burden of the collection of Service, room 6129, 1111 Constitution Institution, Form 5305–SIMPLE; information on respondents, including Avenue NW., Washington, DC 20224. Savings Incentive Match Plan for through the use of automated collection Employees of Small Employers FOR FURTHER INFORMATION CONTACT: techniques or other forms of information Requests for additional information or (SIMPLE)—for Use With a Designated technology; and (e) estimates of capital Financial Institution; SIMPLE IRA Plan copies of the form and instructions or start-up costs and costs of operation, should be directed to Sara Covington at Guidance (Notice 98–4). maintenance, and purchase of services OMB Number: 1545–1502. Internal Revenue Service, room 6129, to provide information. Form Number: Form 5304–SIMPLE, 1111 Constitution Avenue NW., Form 5305–SIMPLE, and Notice 98–4. Washington, DC 20224, or through the Approved: November 2, 2015. Michael Joplin, Abstract: Form 5304–SIMPLE is a internet at [email protected]. model SIMPLE IRA agreement that was Supervisory Tax Analyst. SUPPLEMENTARY INFORMATION: created to be used by an employer to Title: Recapture of Low-Income [FR Doc. 2015–28916 Filed 11–13–15; 8:45 am] permit employees who are not using a Housing Credit. BILLING CODE 4830–01–P designated financial institution to make OMB Number: 1545–1035. salary reduction contributions to a Form Number: 8611. DEPARTMENT OF THE TREASURY SIMPLE IRA described in Internal Abstract: IRC section 42 permits Revenue Code section 408(p). Form owners of residential rental projects Internal Revenue Service 5305–SIMPLE is also a model SIMPLE providing low-income housing to claim IRA agreement, but it is for use with a a credit against their income tax. If the Proposed Collection; Comment designated financial institutions. Notice property is disposed of or if it fails to Request for Form 5304–SIMPLE, Form 98–4 provides guidance for employers meet certain requirements over a 15- 5305–SIMPLE, and Notice 98–4 and trustees regarding how they can year compliance period and a bond is comply with the requirements of Code AGENCY: Internal Revenue Service (IRS), not posted, the owner must recapture on section 408(p) in establishing and Treasury. Form 8611 part of the credits taken in maintaining a SIMPLE IRA, including prior years. ACTION: Notice and request for information regarding the notification Current Actions: There are no changes comments. and reporting requirements under Code being made to the form at this time. section 408. Type of Review: Extension of a SUMMARY: The Department of the Treasury, as part of its continuing effort Current Actions: There are no changes currently approved collection. for the forms at this time. Affected Public: Business or other for- to reduce paperwork and respondent burden, invites the general public and Type of Review: Extension of a profit organizations and individuals. currently approved collection. Estimated Number of Respondents: other Federal agencies to take this opportunity to comment on proposed Affected Public: Business or other for- 1,000. profit organizations not-for-profit Estimated Time Per Respondent: 7 and/or continuing information collections, as required by the institutions, and individuals. hours, 50 minutes. Estimated Number of Respondents: Paperwork Reduction Act of 1995, Estimated Total Annual Burden 600,000. Hours: 7,842. Public Law 104–13 (44 U.S.C. Estimated Time Per Respondent: 3 The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is hours, 31 minutes. of the collections of information covered soliciting comments concerning Form Estimated Total Annual Burden by this notice: 5304–SIMPLE, Savings Incentive Match Hours: 2,113,000. An agency may not conduct or Plan for Employees of Small Employers The following paragraph applies to all sponsor, and a person is not required to (SIMPLE)—Not for Use With a of the collections of information covered respond to, a collection of information Designated Financial Institution; Form by this notice: unless the collection of information 5305–SIMPLE, Savings Incentive Match An agency may not conduct or displays a valid OMB control number. Plan for Employees of Small Employers sponsor, and a person is not required to Books or records relating to a collection (SIMPLE)—for Use With a Designated respond to, a collection of information of information must be retained as long Financial Institution; Notice 98–4, unless the collection of information as their contents may become material Simple IRA Plan Guidance. displays a valid OMB control number. in the administration of any internal DATES: Written comments should be Books or records relating to a collection revenue law. Generally, tax returns and received on or before January 15, 2016 of information must be retained as long tax return information are confidential, to be assured of consideration. as their contents may become material as required by 26 U.S.C. 6103. ADDRESSES: Direct all written comments in the administration of any internal Request For Comments: Comments to Michael Joplin, Internal Revenue revenue law. Generally, tax returns and submitted in response to this notice will Service, room 6129, 1111 Constitution tax return information are confidential, be summarized and/or included in the Avenue NW., Washington, DC 20224. as required by 26 U.S.C. 6103.

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