[Federal Register: May 22, 2001 (Volume 66, Number 99)]
[Notices]
[Page 28202-28203]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22my01-104]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Review; Comment Request
April 26, 2001.
The Department of Labor (DOL) has submitted the following public
information collection requests (ICRs) to the Office of Management and
Budget (OMB) for review and approval in accordance with the Paperwork
Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). A copy of
each individual ICR, with applicable supporting documentation, may be
obtained by calling the Department of Labor. To obtain documentation
for BLS, ESA, and PWBA contact Marlene Howze ((202) 219-8904 or by
email to Howze-Marlene@dol.gov). To obtain documentation for ETA, MSHA,
OSHA, and VETS contact Darrin King ((202) 693-4129 or by E-Mail to
King-Darrin@dol.gov).
Comments should be sent to Office of Information and Regulatory
Affairs, Attn: OMB Desk Officer for FLS, DM, ESA, ETA, MSHA, OSHA,
PWBA, or VETS, Office of Management and Budget, Room 10235, Washington,
DC 20503 ((202) 395-7316), within 30 days from the date of this
publication in the Federal Register.
The OBM is particularly interested in comments which:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used;
Enhance the quality, utility, and clarity of the
information to be collected; and minimize the burden of the collection
of information on those who are to respond, including through the use
of appropriate automated, electronic, mechanical, or other
technological collection techniques or other forms of information
technology, e.g., permitting electronic submission of responses.
Agency: Pension and Welfare Benefits Administration.
Title: Prohibited Transaction Class Exemption 82-63, Compensation
to fiduciaries for securities lending services to an employee benefit
plan.
Type of Review: Extension of a currently approved collection.
OMB Number: 1210-0062.
Affected Public: Individuals or households; Business or other for-
profit; Not-for-profit institutions.
Frequency of Response: On occasion.
Total Respondents: 42,000.
Total Responses: 126,000.
Total Estimated Burden Hours: 3,500 hours.
Total Annualized Capital/Startup Costs: $0.
Total Annual Cost (Operating and Maintenance): $0.
Description: PTE 82-63 allows certain compensation arrangements to
be made for the provision by a fiduciary of securities lending services
to an employee benefit plan, if the conditions specified in the
exemption are met. In the absence of this exemption, certain aspects of
these transactions might be prohibited by section 406 of the Employee
Retirement Income Security Act. The class exemption has two basic
[[Page 28203]]
information collection requirements. The first requirement is that the
compensation be paid in accordance with a written instrument authorized
by a non-lending fiduciary, and the second is that the lending
fiduciary furnish the authorizing fiduciary with information needed for
the authorizing fiduciary to determine whether the compensation
arrangement should be made or renewed.
Agency: Pension and Welfare Benefits Administration.
Title: Prohibited Transaction Class Exemption 91-55, Purchases and
Sales of American Eagle Coins.
Type of Review: Extension of a currently approved collection.
OMB Number: 1210-0079.
Record-keeping: Six years.
Affected Public: Individuals or households; Business or other for-
profit; Not-for-profit institutions.
Frequency of Response: On occasion.
Total Respondents: 3.
Total Responses: 55,000.
Total Estimated Burden Hours: 2,384 hours.
Total Annualized Capital/Startup Costs: $0.
Total Annual Cost (Operating and Maintenance): $0.
Description: Prohibited Transaction Class Exemption 91-55 permits
the purchase and sale of American Eagle Coins between individual
retirement accounts (IRA) and authorized purchasers from the United
States Mint that also are ``disqualified persons'' within the meaning
of Code section 4975(e)(2), with respect to IRAs. The exemption also
describes the circumstances under which an interest-free extension of
credit in connection with such sales and purchases is permitted. In the
absence of an exemption, such purchases and sales and extensions of
credit would be impermissible under the Employee Retirement Income
Security Act of 1974 (ERISA). The information collection request
includes: record keeping; issuing a confirmation statement after each
transaction; and disclosing to the person directing the covered
transaction certain information about transactions in Coins.
Ira L. Mills,
Departmental Clearance Officer.
[FR Doc. 01-12844 Filed 5-21-01; 8:45 am]
BILLING CODE 4510-29-M