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4398 Federal Register / Vol. 71, No.

17 / Thursday, January 26, 2006 / Notices

Sidney Strickland and Associates, FOR FURTHER INFORMATION CONTACT: bond-approving officers may let such
PLLC, 3050 K Street, N.W., Suite 101, Surety Bond Branch at (202) 874–7102. bonds run to expiration and need not
Washington, DC 20007. SUPPLEMENTARY INFORMATION: The secure new bonds. However, no new
If the verified notice contains false or underwriting limitation for ACSTAR bonds should be accepted from the
misleading information, the exemption Insurance Company, which was listed Company. In addition, bonds that are
is void ab initio. in the Treasury Department Circular continuous in nature should not be
BNSF has filed environmental and 570, published on July 1, 2005, is renewed.
historic reports that address the effects, hereby amended to read $2,737,000. The Circular may be viewed and
if any, of the abandonment on the Federal bond-approving officers downloaded through the Internet at
environment and historic resources. should annotate their reference copies http://www.fms.treas.gov/c570. A hard
SEA will issue an environmental of the Treasury Circular 570, 2005 copy may be purchased from the
assessment (EA) by January 31, 2006. Revision, at 70 FR 38503 to reflect this government Printing Office (GPO),
Interested persons may obtain a copy of change, effective today. Subscription Service, Washington, DC,
the EA by writing to SEA (Room 500, The Circular may be viewed and telephone (202) 512–1800. When
Surface Transportation Board, downloaded through the Internet http:// ordering the Circular from GPO, use the
Washington, DC 20423–0001) or by www.fms.treas.gov/c570. A hard copy following stock number: 769–004–
calling SEA, at (202) 565–1539. may be purchased from the Government 05219–0.
[Assistance for the hearing impaired is Printing Office (GPO), Subscription Questions concerning this notice may
available through the Federal Service, Washington, DC, telephone be directed to the U.S. Department of
Information Relay Service (FIRS) at 1– (202) 512–1800. When ordering the the Treasury, Financial Management
800–877–8339.] Comments on Circular from GPO, use the following Service, Financial Accounting and
environmental and historic preservation stock number: 769–004–0521–0. Services Division, Surety Bond Branch,
matters must be filed within 15 days Questions concerning this Notice may 3700 East-West Highway, Room 6F01,
after the EA becomes available to the be directed to the U.S. Department of Hyattsville, MD 20782.
public. the Treasury, Financial Management Vivian L. Cooper,
Environmental, historic preservation, Service, Financial Accounting and Director, Financial Accounting and Services
public use, or trail use/rail banking Services Division, Surety Bond Branch, Division, Financial Management Service.
conditions will be imposed, where 3700 East-West Highway, Room 6F01, [FR Doc. 06–714 Filed 1–25–06; 8:45 am]
appropriate, in a subsequent decision. Hyattsville, MD 20782. BILLING CODE 4810–35–M
Pursuant to the provisions of 49 CFR
Dated: January 13, 2006.
1152.29(e)(2), BNSF shall file a notice of
Vivian L. Cooper,
consummation with the Board to signify
Director, Financial Accounting and Services DEPARTMENT OF THE TREASURY
that it has exercised the authority
Division, Financial Management Service.
granted and fully abandoned the line. If Office of Foreign Assets Control
consummation has not been effected by [FR Doc. 06–713 Filed 1–25–06; 8:45 am]
BNSF’s filing of a notice of BILLING CODE 4810–35–M Proposed Collection; Comment
consummation by January 26, 2007, and Request for Reporting and Procedures
there are no legal or regulatory barriers Regulations
to consummation, the authority to DEPARTMENT OF THE TREASURY
AGENCY: Office of Foreign Assets
abandon will automatically expire. Fiscal Service
Board decisions and notices are Control, Treasury.
available on our Web site at http:// ACTION: Notice and request for
Surety Companies Acceptable on
www.stb.dot.gov. comments.
Federal Bonds: Termination—United
Decided: January 20, 2006. Coastal Insurance Company SUMMARY: The Department of the
By the Board, David M. Konschnik, AGENCY: Financial Management Service, Treasury, as part of its continuing effort
Director, Office of Proceedings. to reduce paperwork and respondent
Fiscal Service, Department of the
Vernon A. Williams, Treasury. burden, invites the general public and
Secretary. other Federal agencies to take this
ACTION: Notice.
[FR Doc. E6–989 Filed 1–25–06; 8:45 am] opportunity to comment on proposed
BILLING CODE 4915–01–P SUMMARY: This is Supplement No. 5 to and/or continuing information
the Treasury Department Circular 570; collections, as required by the
2005 Revision, published July 1, 2005, Paperwork Reduction Act of 1995,
DEPARTMENT OF THE TREASURY at 70 FR 38502. Public Law 104–13 (44 U.S.C.
FOR FURTHER INFORMATION CONTACT: 3506(c)(2)(A)). Currently, the Office of
Fiscal Service Surety Bond Branch at (202) 874–7102. Foreign Assets Control (‘‘OFAC’’) within
SUPPLEMENTARY INFORMATION: Notice is
the Department of the Treasury is
Surety Companies Acceptable on hereby given that the Certificate of soliciting comments concerning OFAC’s
Federal Bonds: Amendment—ACSTAR Authority issued by the Treasury to the information collection requirements
Insurance Company above named Company under the contained within OFAC’s Reporting,
United States Code, title 31, Sections Procedures and Penalties Regulations
AGENCY: Financial Management Service,
9304–9308, to qualify as an acceptable set forth at 31 CFR part 501.
Fiscal Service, Department of the
Treasury. surety on Federal bonds is terminated DATES: Written comments should be
effective today. received on or before March 27, 2006, to
rwilkins on PROD1PC63 with NOTICES

ACTION: Notice.
The Company was last listed as an be assured of consideration.
SUMMARY: This is Supplement No. 6 to acceptable surety on Federal bonds at 70 ADDRESSES: Direct all written comments
the Treasury Department Circular 570; FR 38502 on page 38542, July 1, 2005. to ‘‘Paperwork Reduction Act’’ care of
2005 Revision, published July 1, 2005, With respect to any bonds currently the Licensing Division, Office of Foreign
at 70 FR 38502. in force with above listed company, Assets Control, Department of the

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Federal Register / Vol. 71, No. 17 / Thursday, January 26, 2006 / Notices 4399

Treasury, 1500 Pennsylvania Avenue, circumstances resulting in the Approved: January 20, 2006.
NW., Annex—2d Floor, Washington, DC designation are no longer applicable. Jamal El-Hindi,
20220. The likely respondents and Associate Director, Program Policy &
FOR FURTHER INFORMATION CONTACT: recordkeepers affected by the Implementation, Office of Foreign Assets
information collections contained in Control.
Requests for additional information
about the filings or procedures should part 501 are financial institutions, [FR Doc. E6–978 Filed 1–25–06; 8:45 am]
be directed to the Licensing Division, business organizations, and legal BILLING CODE 4810–25–P

Office of Foreign Assets Control, representatives. The estimated total


Department of the Treasury, 1500 annual reporting and/or recordkeeping
Pennsylvania Avenue, NW., Annex—2d burden is approximately 26,250 hours. DEPARTMENT OF THE TREASURY
Floor, Washington, DC 20220. The estimated annual burden per
respondent/record keeper varies from Internal Revenue Service
SUPPLEMENTARY INFORMATION:
thirty minutes to 10 hours, depending Proposed Collection; Comment
Title: Reporting, Procedures and on individual circumstances, with an
Penalties Regulations. Request for Form 5472
estimated average of 1.25 hours. The
OMB Number: 1505–0164. estimated number of respondents and/or AGENCY: Internal Revenue Service (IRS),
Agency Form Number: TD–F–90– record keepers is 21,000. The estimated Treasury.
22.50. annual frequency of responses: 1–12. ACTION: Notice and request for
Abstract: The collections of Current Actions: There are no changes comments.
information are contained in §§ 501.601 being made to the notice at this time.
SUMMARY: The Department of the
through 501.605, 501.801, and 501.803 Type of Review: Extension of a
through 501.807 and pertain to the Treasury, as part of its continuing effort
currently approved collection. to reduce paperwork and respondent
operation of various economic sanctions Affected Public: Financial
programs administered by OFAC under burden, invites the general public and
institutions, business organizations, and other Federal agencies to take this
31 CFR Chapter V. Section 501.601 legal representatives.
relates to the maintenance of records opportunity to comment on proposed
Estimated Number of Respondents: and/or continuing information
and § 501.602 relates to OFAC demands 21,000.
for information relative to any collections, as required by the
transaction or property subject to the Estimated Time Per Respondent: 1.25 Paperwork Reduction Act of 1995,
provisions of 31 CFR Chapter V. Section hours. Public Law 104–13(44 U.S.C.
501.603 imposes reporting requirements Estimated Total Annual Burden 3506(c)(2)(A)). Currently, the IRS is
pertaining to blocked assets and Hours: 26,250. soliciting comments concerning Form
retained funds transfers. This The following paragraph applies to all 5472, Information Return of a 25%
information is required by OFAC to of the collections of information covered Foreign-Owned U.S. Corporation or a
monitor compliance with regulatory by this notice: Foreign Corporation Engaged in a U.S.
requirements, to support diplomatic An agency may not conduct or Trade or Business.
negotiations concerning the targets of sponsor, and a person is not required to DATES: Written comments should be
sanctions, and to support settlement respond to, a collection of information received on or before March 27, 2006 to
negotiations addressing U.S. claims. unless the collection of information be assured of consideration.
Section 501.604 requires the filing of displays a valid OMB control number. ADDRESSES: Direct all written comments
reports for compliance purposes by U.S. Books or records relating to a collection to Glenn P Kirkland, Internal Revenue
financial institutions where a funds of information must be retained for five Service, room 6516, 1111 Constitution
transfer is not required to be blocked but years. Avenue, NW., Washington, DC 20224.
is rejected because the underlying FOR FURTHER INFORMATION CONTACT:
Request for Comments
transaction is otherwise prohibited. Requests for additional information or
Section 501.605 requires reporting of Comments submitted in response to copies of the form and instructions
information pertaining to litigation, this notice will be summarized and/or should be directed to R. Joseph Durbala,
arbitration, and other binding included in the request for OMB at (202) 622–3634, Internal Revenue
alternative dispute resolution approval. All comments will become a Service, room 6516, 1111 Constitution
proceedings in the United States to matter of public record. Comments are Avenue, NW., Washington, DC 20224 or
prevent the intentional or inadvertent invited on: (a) Whether the collection of through the Internet at
transfer through such proceedings of information is necessary for the proper RJoseph.Durbala@irs.gov.
blocked property or retained funds. performance of the functions of the SUPPLEMENTARY INFORMATION:
Sections 501.801 and 501.803 through agency, including whether the Title: Information Return of a 25%
501.805 relate to license requests; the information has practical utility; (b) the Foreign-Owned U.S. Corporation or a
amendment, modification or revocation accuracy of the agency’s estimate of the Foreign Corporation Engaged in a U.S.
of licenses; rulemaking; and document burden of the collection of information; Trade or Business.
requests. Section 501.806 sets forth the (c) ways to enhance the quality, utility, OMB Number: 1545–0805.
procedures to be followed by a person and clarity of the information to be Form Number: 5472.
seeking to have funds released at a collected; (d) ways to minimize the Abstract: Form 5472 is used to report
financial institution if the person burden of the collection of information information about transactions between
believes that the funds were blocked on respondents, including through the a U.S. corporation that is 25% foreign
due to mistaken identity. Section use of automated collection techniques owned or a foreign corporation that is
rwilkins on PROD1PC63 with NOTICES

501.807 sets forth the procedures to be or other forms of information engaged in a U.S. trade or business and
followed by persons seeking technology; and (e) estimates of capital related foreign parties. The IRS uses
administrative reconsideration of their or start-up costs and costs of operation, Form 5472 to determine if inventory or
designation or that of a vessel as maintenance, and purchase of services other costs deducted by the U.S. or
blocked, or who wish to assert that the to provide information. foreign corporation are correct.

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