Certain Payments Made Pursuant to a Securities Lending Transaction -- Notice 97-66

ICR 199711-1545-002

OMB: 1545-1566

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
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ICR Details
1545-1566 199711-1545-002
Historical Active
TREAS/IRS
Certain Payments Made Pursuant to a Securities Lending Transaction -- Notice 97-66
New collection (Request for a new OMB Control Number)   No
Emergency 11/12/1997
Approved without change 11/12/1997
Retrieve Notice of Action (NOA) 11/12/1997
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
05/31/1998 05/31/1998
377,500 0 0
61,750 0 0
0 0 0

Notice 97-66 modifies final regulations which are effective November 14, 1997. The notice relaxed the statement requirement with respect to substitute interest payments relating to securities loans and repo transactions. It also provides a witholding mechanism to eliminate excessive witholding on multiple payments in a chain of substitute dividend payments.

None
None


No

1
IC Title Form No. Form Name
Certain Payments Made Pursuant to a Securities Lending Transaction -- Notice 97-66

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 377,500 0 0 377,500 0 0
Annual Time Burden (Hours) 61,750 0 0 61,750 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
11/12/1997


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