Amendment To Corrections

43656

Federal Register / Vnl. 61, No. 166 / Monday, August 26, 1996 / Rules and Rezulations

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(6) Amour~tper ton. 120 grams.
( c )hdications for use. For increased
rate of weight gain.
(4 Limitations. For free-choice
fceding to pasture callle [slaughter.
srcrckcr, and feeder). Fecd a
nonmedicated commercin I mineral
product for 6 weeks to stabilize
consumption between 2.66 and 5.33
ounces per head per day. Feed
contin~rousl_v
to provide 10- to 20milligranls bambern~ycinsper head per
day. Not for use in animals in~ertdedfor
I~reeding.Each use ofthis f1.e~-choice
Type C medicated feed must be the
subject of an approved Form m3A 1900
as required by 21 CFR 5 10.455.
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Dared August lti, 1996.
Roher~C Llvingston.
L)~I
error. Office 0fNc.wAninla1 Drug
k r sluarior~.Centerfur I/ercr.inary M ~ r l i c i n e .
[FR Doc. 96-2 1654 Filed 8-23-Mi; 3 . 4 5 irnl
BILLING CODE 4 1 6 k 0 1 - F
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L i s t of Subjects in 26 CFR Part 26

E~~~~~taxes, R~~~~~~~~ and
recordkeeping requircm,ents.
Accordingly, 26 CFR part 26 is
correcred by making the following
correcting amendments:
PART 26-GENERATIQN-SKIpplNG
TRANSFER TAX REGULATIONS
UNDEFI THE T A X REFORM ACT OF
1986

citation

for Part 26 corliirluesto read in partas
follows:
Arithortty: 26 U.S.C. 7805 * * *
526.2601-1

[Corrected]

Par. 2. In 5 26.2601-1, paragraph
(b) (3)(iii) (B) is amended by revising
"(b)(3)(iii)(A),(B), and (C)" to I , C , I ~
-(h)(3)(iii)(A)Il).
(29, and (3)".

3 26.2642-5 [Corrected]
Par. 3. Section 26 2642-5 is amended
by removing the punctuation ";"
following the word "ratio" i r l the first
sentence of paragraph (h) ( I ) .

DEPARTMENT OF THE TREASURY

g,6.

Internal Revenue Service

Par. 4.Section 26.2654-1 is amended
by revjsing paragraph (a)(1)(ii](R) to
read as ioljows:

26 CFR Part 26

RIM 1545-AJ11; 1545-AL75; 7545-A089

Generation-Skipping Transfer Tax;
Correction
AGENC;:

in~ernaiRevenue Service (IRSI.

rrrasury.
ACTION: Correctir~ga n ~ ~ n d m e r ~ t .
SUMMARY: This

document cor~tains
corrections to final regulatiorlr (TO
8644) which were published in the
Federal Register Tor Wednesday,
December 27. 1995 (60 FR 66898), a s
corrected otl June 12, 1996 (61 FR
29653). The final regulations reb te ru
generation-skipping transfer tax.
EFFECTIVE DATE: Decernber 27,1995.
FOR FURTHER INFORMATION CONTACT: Jim
tiogan (202) 622-3090 (not a toll-free
number).
SUPPLEMENTARY INFORMATION:

Background
The final regulations that are subject
to these corrections are under chapter
13 of the Internal Revenue Code

Need for Correction

As published, TD 8644, as corrected,
contains errors that [nay prove to be
misleading and are in need of
clarifiration.

654-1

Regulatinns. Part 214 governed the
designrrlion of financial institutions as
depositaries for Federal taxcs and 111e
handling of deposits of Federal taxes by
such depositaries and by Fedrral
Heserve Ranks. A Notice of Proposed
Rule Making published October 2 1 .
1992, proposed 10 combine portions of
this part wj th 3 1 CFR Part 203
"Treasury Tax and Loan Depositaries"
and to eliminate Part 214.Reguiations
published on July 1, 1993, incorporated
the rcicvant provisions of Part 2 14 illto
Part 203. Part 2 14 should ha\ e heen
remrrved at that time. This act ~ o n
corrects that oversight.
EFFECTlVE DATE: September

25. 1996.

Cash Management Policy and
Planning Division, Financial
Managemerit Service, U.S. Depn~,lrn~.ni
01 the T~.easi~ry.
Koom 420, Liberty
Cenler, 401 14th Street. S.W..
Washington, DC 20227.

ADDRESS:

FOR FURTHER WFORMAnOn CONTACT:

Donald E. Clark (202) Er74-7 106
(Financial Program S p r c i a l i s t ) .
SUPPLEMENTARY I N F O R ~ T ~ O N :

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On October 27. 1992. the Fiscal
Serrice published a Notire of Proposetl
526.2654-1 Certain trusts treated as
Rule Making to remove Part 2 1 4 and tcl
separate trusts.
revise sections of Part 203 of Title 31 of
(a)*
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the Code o r Federal Regulations. No
(ii) * *
comments
on the prc~pcrsedrule were
('E) if the pecuniary arnount is p ~ y a b l r
received.
Accordingly,
on July 1, 1993,
in kind on the basis of value nlher than
portions
of
this
t,egulatlun
were
the date of distribution value or the
incorporaled into Part 203 "Treasury
assets, the trrrstee is t~qiliredto allocate
Tax arid Loan Depositaries " (53 FR
Assets to the pecuniary paymcnt in a
35395) Part 2 14 sIlot!ld have b e ~ n
marbrler that fairly reflet:ts rlct
rrnmo\,ed
at that time. This actinn
appreciation or depreciation in the
value of ~ l t eassets in the fund available rectifies that oversight.
to pay the pecuniary amnunt measured
Rulemaking Analysis
from the valuation date to the date OF
Treasury has determined that this
pay rnent.
regulation is nut a significant regulatory
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action as defined in Executive Order
Michael L.Slaughter,
12866. Accordingly, a regulatory
Acting ChicE. Rcgulati~nsUnit, Assistant
assessment is not required. [ t is hereby
Chief Corrnsei (Corporate).
certified that this revision will not have
{FRDoc. 96-2 1598 Filed 8-23-96: 8:45 am1
a significant economic impact o n a
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substantial number of small entities.
Because the provisions of Part 2 14, here
being eliminated. are duplicative of
Flscal Service
those contained in Part 203, there will
not be a significant economic impact on
31 CFR Part 214
a substantial number of small entities.
RIN 1510-AA54
Accordingly, a regulatory flexibiliiy
Depositaries for Federal Taxes
AGENCY: Financial Management Service.
Fiscal Service, Treasury.
ACTION:

Final rule.

This action removes Part 2 14
frar11 Title 3 1 of the Code of Federal
SUMMARY:

analysis is not required.
List of Subjects in 3 1 CFR Part 214
Ranks, Banking, Taxes.

For the reasons set our lrflhe
preamble and under the authority of 3 1
U.S.C.32 1. 3 1 CFR Part 2 14 is removed.

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