80_FR_24399 80 FR 24316 - Financial Research Advisory Committee

80 FR 24316 - Financial Research Advisory Committee

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 83 (April 30, 2015)

Page Range24316-24317
FR Document2015-10087

The Office of Financial Research is soliciting applications for membership on its Financial Research Advisory Committee.

Federal Register, Volume 80 Issue 83 (Thursday, April 30, 2015) 
[Federal Register Volume 80, Number 83 (Thursday, April 30, 2015)]
[Notices]
[Pages 24316-24317]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-10087]


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DEPARTMENT OF THE TREASURY


Financial Research Advisory Committee

AGENCY: Office of Financial Research, Treasury.

ACTION: Financial Research Advisory Committee--Solicitation of 
Applications for Committee Membership.

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SUMMARY: The Office of Financial Research is soliciting applications 
for membership on its Financial Research Advisory Committee.

FOR FURTHER INFORMATION CONTACT: Andrea B. Ianniello, Designated 
Federal Officer, Office of Financial Research, Department of the 
Treasury, (202) 622-3002.

SUPPLEMENTARY INFORMATION: Pursuant to the Federal Advisory Committee 
Act, (Pub. L. 92-463, 5 U.S.C. App. 2 Sec.  1-16, as amended), the 
Treasury Department established a Financial Research Advisory Committee 
(FRAC, or Committee) to provide advice and recommendations to the 
Office of Financial Research (OFR) and to assist the OFR in carrying 
out its duties and authorities.

(I) Authorities of the OFR

Background

    The OFR was established under Title I of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (Pub. L. 111-203, July 21, 2010). 
The purpose of the OFR is to support the Financial Stability Oversight 
Council (Council) in fulfilling the purposes and duties of the Council 
and to support the Council's member agencies by:

--Collecting data on behalf of the Council, and providing such data to 
the Council and member agencies;
--Standardizing the types and formats of data reported and collected;
--Performing applied research and essential long-term research;
--Developing tools for risk measurement and monitoring;
--Performing other related services;
--Making the results of the activities of the OFR available to 
financial regulatory agencies; and
--Assisting such member agencies in determining the types and formats 
of data authorized by the Dodd-Frank Act to be collected by such member 
agencies.

(II) Scope and Membership of the FRAC

    The FRAC was established to advise the OFR on issues related to the 
responsibilities of the office. It may provide its advice, 
recommendations, analysis, and information directly to the OFR and the 
OFR may share the Committee's advice and recommendations with the 
Secretary of the Treasury or other Treasury officials. The OFR will 
share information with the Committee as the Director determines will be 
helpful in allowing the FRAC to carry out its role.
    The FRAC is an advisory committee that was established on April 6, 
2012 and renewed on April 4, 2014. The OFR is currently soliciting 
applications for membership in order to provide for rotation of 
membership, as provided in its original and renewed charter, as well as 
to provide for a diverse and balanced body with a variety of interests, 
backgrounds, and viewpoints represented. Providing for such diversity 
enhances the views and advice offered by the FRAC.

(II) Application for Advisory Committee Appointment

    Treasury seeks applications from individuals representative of a 
constituency within the fields of economics, financial institutions and 
markets, statistical analysis, financial markets analysis, 
econometrics, applied sciences, risk management, data management, 
information standards,

[[Page 24317]]

technology, or other areas related to OFR's duties and authorities. The 
terms of members chosen to serve may vary from one to three years. No 
person who is a Federally-registered lobbyist may serve on the 
Committee. Membership on the Committee is limited to the individuals 
appointed and is non-transferrable. Regular attendance is essential to 
the effective operation of the Committee. Some members of the Committee 
may be required to adhere to the conflict of interest rules applicable 
to Special Government Employees, as such employees are defined in 18 
U.S.C. 202(a). These rules include relevant provisions in 18 U.S.C. 
related to criminal activity, Standards of Ethical Conduct for 
Employees of the Executive Branch (5 CFR part 2635), and Executive 
Order 12674 (as modified by Executive Order 12731).
    To apply, an applicant must submit an appropriately-detailed resume 
and a cover letter describing their interest, reasons for application, 
and qualifications. In accordance with Department of Treasury Directive 
21-03, a clearance process includes fingerprints, tax checks, and a 
Federal Bureau of Investigation criminal check. Applicants must state 
in their application that they agree to submit to these pre-appointment 
checks.
    The application period for interested candidates will extend to May 
11, 2015. Applications should be submitted in sufficient time to be 
received by the close of business on the closing date and should be 
sent to Andrea.B.IannielloOFR@treasury.gov or by mail to: Office of 
Financial Research, Department of the Treasury, Attention: Andrea B. 
Ianniello, 1500 Pennsylvania Avenue NW., MT-1330, Washington, DC 20220.

    Dated: April 20, 2015.
William Ruberry,
Associate Director, Communications.
[FR Doc. 2015-10087 Filed 4-29-15; 8:45 am]
 BILLING CODE 4810-25-P

24316 Federal Register / Vol. 80, No. 83 / Thursday, April 30, 2015 / Notices taxpaid (or tax deferred) Puerto Rican tax to be refunded, and a certification by (I) Authorities of the OFR distilled spirits and other alcohol a U.S. government agent attesting to the Background products to the United States. Puerto exportation. Rican and U.S. Treasury Department Affected Public: Private Sector: The OFR was established under Title officials review the form to certify that Businesses or other for-profits. I of the Dodd-Frank Wall Street Reform the products are either taxpaid or tax Estimated Annual Burden Hours: and Consumer Protection Act (Pub. L. deferred under appropriate bond. This 1,200. 111–203, July 21, 2010). The purpose of serves as a method of protecting the the OFR is to support the Financial revenue. OMB Number: 1513–0043. Stability Oversight Council (Council) in Affected Public: Private Sector: Type of Review: Extension without fulfilling the purposes and duties of the Businesses or other for-profits. change of a currently approved Council and to support the Council’s Estimated Annual Burden Hours: 100. collection. member agencies by: OMB Number: 1513–0037. Title: Application and Permit to Ship —Collecting data on behalf of the Type of Review: Revision of a Puerto Rican Spirits to the United States Council, and providing such data to currently approved collection. Without Payment of Tax. the Council and member agencies; Title: Withdrawal of Spirits, Specially Form: TTB F 5110.31. —Standardizing the types and formats Denatured Spirits, or Wines for Abstract: TTB F 5110.31 is used by of data reported and collected; Exportation. industry members to ship Puerto Rican —Performing applied research and Form: TTB F 5100.11. distilled spirits in bulk into the United essential long-term research; Abstract: Exporters complete TTB F States without payment of tax. The form —Developing tools for risk 5100.11 to report the withdrawal of identifies the person in Puerto Rico measurement and monitoring; spirits, denatured spirits, and wines —Performing other related services; shipping the spirits, from where from internal revenue bonded premises, —Making the results of the activities of shipments are to be made, the person in without payment of tax, for direct the OFR available to financial the U.S. receiving the spirits, and the exportation, for transfer to a foreign regulatory agencies; and amount of spirits to be shipped. —Assisting such member agencies in trade zone, Customs manufacturer’s Affected Public: Private Sector: bonded warehouse or Customs bonded determining the types and formats Businesses or other for-profits. of data authorized by the Dodd- warehouse, or for use as supplies on Estimated Annual Burden Hours: 750. vessels or aircraft. Frank Act to be collected by such Affected Public: Private Sector: Dated: April 27, 2015. member agencies. Businesses or other for-profits. Dawn D. Wolfgang, (II) Scope and Membership of the FRAC Estimated Annual Burden Hours: Treasury PRA Clearance Officer. The FRAC was established to advise 1,500. [FR Doc. 2015–10091 Filed 4–29–15; 8:45 am] the OFR on issues related to the OMB Number: 1513–0040. BILLING CODE 4810–31P responsibilities of the office. It may Type of Review: Revision of a provide its advice, recommendations, currently approved collection. analysis, and information directly to the Title: Application for Operating DEPARTMENT OF THE TREASURY OFR and the OFR may share the Permit Under 26 U.S.C. 5171(d). Committee’s advice and Financial Research Advisory Form: TTB F 5110.25. recommendations with the Secretary of Committee Abstract: Applicants that wish to the Treasury or other Treasury officials. engage in the production, warehousing, AGENCY: Office of Financial Research, The OFR will share information with or bottling of alcohol for industrial use, Treasury. the Committee as the Director or that wish to warehouse bulk distilled determines will be helpful in allowing ACTION: Financial Research Advisory spirits for non-industrial use without the FRAC to carry out its role. bottling, use TTB F 5110.25 to apply for Committee—Solicitation of Applications for Committee The FRAC is an advisory committee an operation permit, as required by the that was established on April 6, 2012 Internal Revenue Code at 26 U.S.C. Membership. and renewed on April 4, 2014. The OFR 5171(d). TTB National Revenue Center SUMMARY: The Office of Financial is currently soliciting applications for personnel use the information provided Research is soliciting applications for membership in order to provide for on this form to identify the applicant, membership on its Financial Research rotation of membership, as provided in the location of the business, the types of Advisory Committee. its original and renewed charter, as well activities to be conducted, and the as to provide for a diverse and balanced qualifications of the applicant. FOR FURTHER INFORMATION CONTACT: body with a variety of interests, Affected Public: Private Sector: Andrea B. Ianniello, Designated Federal backgrounds, and viewpoints Businesses or other for-profits. Officer, Office of Financial Research, represented. Providing for such Estimated Annual Burden Hours: 25. Department of the Treasury, (202) 622– diversity enhances the views and advice OMB Number: 1513–0042. 3002. offered by the FRAC. Type of Review: Revision of a SUPPLEMENTARY INFORMATION: Pursuant currently approved collection. to the Federal Advisory Committee Act, (II) Application for Advisory Title: Drawback on Distilled Spirits (Pub. L. 92–463, 5 U.S.C. App. 2 § 1–16, Committee Appointment mstockstill on DSK4VPTVN1PROD with NOTICES Exported. as amended), the Treasury Department Treasury seeks applications from Form: TTB F 5110.30. established a Financial Research individuals representative of a Abstract: Persons who export tax-paid Advisory Committee (FRAC, or constituency within the fields of distilled spirits use TTB F 5110.30 to Committee) to provide advice and economics, financial institutions and claim drawback of the Federal alcohol recommendations to the Office of markets, statistical analysis, financial excise taxes paid. The form requests Financial Research (OFR) and to assist markets analysis, econometrics, applied information regarding the claimant, the the OFR in carrying out its duties and sciences, risk management, data tax-paid spirits exported, the amount of authorities. management, information standards, VerDate Sep<11>2014 17:01 Apr 29, 2015 Jkt 235001 PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 E:\FR\FM\30APN1.SGM 30APN1

Federal Register / Vol. 80, No. 83 / Thursday, April 30, 2015 / Notices 24317 technology, or other areas related to 13, on or after the date of publication of Title: Request for Copy of Tax Return. OFR’s duties and authorities. The terms this notice. Form: 4506. of members chosen to serve may vary DATES: Comments should be received on Abstract: 26 U.S.C. 7513 allows for from one to three years. No person who or before June 1, 2015 to be assured of taxpayers to request a copy of a tax is a Federally-registered lobbyist may consideration. return. Form 4506 is used by a taxpayer serve on the Committee. Membership on ADDRESSES: Send comments regarding to request a copy of a Federal tax form. the Committee is limited to the the burden estimate, or any other aspect The information provided will be used individuals appointed and is non- of the information collection, including for research to locate the tax form and transferrable. Regular attendance is suggestions for reducing the burden, to to ensure that the requester is the essential to the effective operation of the (1) Office of Information and Regulatory taxpayer or someone authorized by the Committee. Some members of the Affairs, Office of Management and taxpayer. Committee may be required to adhere to Affected Public: Individuals or Budget, Attention: Desk Officer for the conflict of interest rules applicable Households. Treasury, New Executive Office to Special Government Employees, as Estimated Annual Burden Hours: Building, Room 10235, Washington, DC such employees are defined in 18 U.S.C. 260,000. 20503, or email at OIRA_Submission@ 202(a). These rules include relevant OMB.EOP.gov and (2) Treasury PRA OMB Number: 1545–0499. provisions in 18 U.S.C. related to Clearance Officer, 1750 Pennsylvania Type of Review: Extension without criminal activity, Standards of Ethical Ave. NW., Suite 8140, Washington, DC change of a currently approved Conduct for Employees of the Executive 20220, or email at PRA@treasury.gov. collection. Branch (5 CFR part 2635), and Executive Title: Simplified Employee Pension- FOR FURTHER INFORMATION CONTACT: Order 12674 (as modified by Executive Individual Retirement Accounts Copies of the submission(s) may be Order 12731). Contribution Agreement. obtained by calling (202) 927–5331, To apply, an applicant must submit Form: 5305–SEP. email at PRA@treasury.gov, or the entire an appropriately-detailed resume and a Abstract: This form is used by an information collection request may be cover letter describing their interest, employer to make an agreement to found at www.reginfo.gov. reasons for application, and provide benefits to all employees under qualifications. In accordance with SUPPLEMENTARY INFORMATION: a Simplified Employee Pension (SEP) Department of Treasury Directive 21–03, Internal Revenue Service (IRS) described in section 408(k). This form is a clearance process includes not to be filed with the IRS but to be OMB Number: 1545–0143. retained in the employer’s records as fingerprints, tax checks, and a Federal Type of Review: Revision of a Bureau of Investigation criminal check. proof of establishing a SEP and currently approved collection. Applicants must state in their justifying a deduction for contributions Title: Heavy Highway Vehicle Use application that they agree to submit to to the SEP. The data is used to verify the Tax Return. these pre-appointment checks. deduction. Form: 2290, 2290–SP, 2290–V, 2290– The application period for interested Affected Public: Private Sector: V(SP). candidates will extend to May 11, 2015. Businesses or other for-profits. Abstract: Form 2290 is used to Applications should be submitted in Estimated Annual Burden Hours: compute and report the tax imposed by sufficient time to be received by the 495,000. section 4481 on the highway use of close of business on the closing date and certain motor vehicles. The information OMB Number: 1545–0768. should be sent to is used to determine whether the Type of Review: Extension without Andrea.B.IannielloOFR@treasury.gov or taxpayer has paid the correct amount of change of a currently approved by mail to: Office of Financial Research, tax. collection. Department of the Treasury, Attention: Affected Public: Private Sector: Title: TD 7898—Employers Qualified Andrea B. Ianniello, 1500 Pennsylvania Businesses or other for-profits. Educational Assistance Programs. Avenue NW., MT–1330, Washington, Estimated Annual Burden Hours: Abstract: Section 127(a) of the DC 20220. 27,120,040. Internal Revenue Code provides that the Dated: April 20, 2015. gross income of any employee does not OMB Number: 1545–0240. include amounts paid or expenses William Ruberry, Type of Review: Extension without Associate Director, Communications. incurred by an employer if furnished to change of a currently approved the employee pursuant to a qualified [FR Doc. 2015–10087 Filed 4–29–15; 8:45 am] collection. educational assistance program. Section BILLING CODE 4810–25–P Title: Claim for Refund of Income Tax 127(b) sets forth the requirements which Return Preparer Penalties. must be met in order for a program to Form: 6118. be a qualified educational assistance DEPARTMENT OF THE TREASURY Abstract: Form 6118 is used by program. Among these requirements, preparers to file for a refund of penalties section 127(b)(1) requires that a program Submission for OMB Review; incorrectly charged. The information Comment Request be a separate written plan of the enables the IRS to process the claim and employer. No advance approval of the AGENCY: Department of the Treasury. have the refund issued to the tax return plan is required. Employees must be preparer. notified of the availability and terms of ACTION: Notice. Affected Public: Individuals or mstockstill on DSK4VPTVN1PROD with NOTICES the program. Pursuant to sec. 6001, SUMMARY: The Department of the Households. substantiation may be required to verify Treasury will submit the following Estimated Annual Burden Hours: that employees are entitled to exclude information collection request to the 11,400. the value of such benefits from their Office of Management and Budget OMB Number: 1545–0429. gross incomes. (OMB) for review and clearance in Type of Review: Extension without Affected Public: Private Sector: accordance with the Paperwork change of a currently approved Businesses or other for-profits. Reduction Act of 1995, Public Law 104– collection. Estimated Annual Burden Hours: 615. VerDate Sep<11>2014 17:01 Apr 29, 2015 Jkt 235001 PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 E:\FR\FM\30APN1.SGM 30APN1


Document Created: 2018-02-21 10:15:19
Document Modified: 2018-02-21 10:15:19
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionFinancial Research Advisory Committee--Solicitation of Applications for Committee Membership.
ContactAndrea B. Ianniello, Designated Federal Officer, Office of Financial Research, Department of the Treasury, (202) 622-3002.
FR Citation80 FR 24316 
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