[Federal Register Volume 60, Number 119 (Wednesday, June 21, 1995)]
[Notices]
[Pages 32327-32328]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15182]



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OFFICE OF GOVERNMENT ETHICS


Submission of Updated Model Qualified Trust Documents for OMB 
Approval Under the Paperwork Reduction Act

AGENCY: Office of Government Ethics (OGE).

ACTION: Notice.

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SUMMARY: The Office of Government Ethics has submitted updated 
qualified trust documents for extension of Office of Management and 
Budget (OMB) approval under the Paperwork Reduction Act. A model 
qualified blind trust (for multiple fiduciaries) and two model 
confidentiality agreements have also been submitted for review and 
approval for the first time.

DATES: Comments on this proposal should be received by July 21, 1995.

ADDRESSES: Comments should be sent to Joseph F. Lackey, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Room 10235, Washington, DC 20503; 
telephone: 202-395-7316.

FOR FURTHER INFORMATION CONTACT: Judith A. Kim or William E. Gressman, 
Office of Government Ethics, Suite 500, 1201 New York Avenue NW., 
Washington, DC 20005-3917; telephone 202-523-5757, FAX 202-523-6325. A 
copy of OGE's request for extension and approval from OMB, including 
the certificates and model documents, may be obtained by contacting Ms. 
Kim or Mr. Gressman.

SUPPLEMENTARY INFORMATION: There are two categories of information 
collection requirements being submitted, each with its own related 
reporting certificates or model documents which are subject to review 
and approval by OMB under the Paperwork Reduction Act (44 U.S.C. 
chapter 35). The OGE regulatory citations for these two categories, 
together with identification of the forms used for their 
implementation, are as follows:
    i. Qualified trust administration--5 CFR 2634.401(d)(2), 
2634.403(b)(11), 2634.404(c)(11), 2634.406(a)(3) & (b), 2634.408, 
2634.409 and appendixes A & B of part 2634 (the two implementing forms, 
the Certificate of Independence and Certificate of Compliance, are 
codified respectively in the cited appendixes; see also the Privacy Act 
and Paperwork Reduction Act notices thereto in appendix C); and
    ii. Qualified trust drafting--5 CFR 2634.401(c)(1)(i) & (d)(2), 
2634.403(b), 2634.404(c), 2634.408 and 2634.409 (the nine implementing 
forms are the (A) Model Qualified Blind Trust Provisions, (B) Model 
Qualified Diversified Trust Provisions, (C) Model Qualified Blind Trust 
Provisions (For Use in the Case of Multiple Fiduciaries), (D) Model 
Qualified Blind Trust Provisions (For Use in the Case of an Irrevocable 
Pre-Existing Trust), (E) Model Qualified Diversified Trust Provisions 
(Hybrid Version), (F) Model Qualified Diversified Trust Provisions (For 
Use in the Case of Multiple Fiduciaries), (G) Model Qualified 
Diversified Trust Provisions (For Use in the Case of an Irrevocable 
Pre- Existing Trust), (H) Model Confidentiality Agreement Provisions 
(For Use in the Case of a Privately Owned Business), and (I) Model 
Confidentiality Agreement Provisions (For Use in the Case of Investment 
Management Activities).
    The Office of Government Ethics is seeking three-year OMB paperwork 
approval of the Model Qualified Blind Trust Provisions (For Use in the 
Case of Multiple Fiduciaries) and the two model confidentiality 
agreements listed in items #'s ii.C., H. & I. above, and a three-year 
extension of OMB approval on the remaining six model trust drafts, also 
listed in item # ii, as well as the two certificates listed in item # 
i. The model confidentiality agreements are used for drafting documents 
prohibiting communications between the employee/settlor of the 
qualified trust and other persons not parties to the qualified trust 
but who are or may be privy to information which indicates the 
activities occurring in the trust portfolio during the term of the 
qualified trust. These agreements are publicly available upon request.
    The total annual public reporting burden represents the time for 
trust certificates and model documents processed by OGE. The burden is 
based on the amount of time imposed on private citizens.
    Virtually all filers/document users are private trust 
administrators and other private representatives helping to set up and 
maintain the qualified blind and diversified trusts. The detailed 
paperwork estimates below for the various trust certificates and model 
documents are based primarily on OGE's experience with administration 
of the qualified trust program.
    i. Trust Certificates: [[Page 32328]] 
    A. Certificate of Independence: Total filers (executive branch): 
10; Private citizen filers (100%): 10; OGE-processed certificates 
(private citizens): 10; OGE burden hours (20 min./certificate): 3.
    B. Certificate of Compliance: Total filers (executive branch): 35; 
Private citizen filers (100%): 35; OGE-processed certificates (private 
citizens): 35; OGE burden hours (20 minutes/certificate): 12; and
    ii. Model Qualified Trust Drafts:
    A. Model Qualified Blind Trust Draft: Total Users (executive 
branch): 10; Private citizen users (100%): 10; OGE-processed drafts 
(private citizens): 10; OGE burden hours (100 hours/draft): 1,000.
    B. Model Qualified Diversified Trust Draft: Total users (executive 
branch): 15; Private citizen users (100%): 15; OGE- processed drafts 
(private citizens): 15; OGE burden hours (100 hours/draft): 1,500.
    C.-G. Each of the five remaining model qualified trust modified 
drafts involves: Total users (executive branch): 2; Private citizen 
users (100%): 2; OGE-processed drafts (private citizens): 2; OGE burden 
hours (100 hours/draft): 200, multiplied by 5 (five different drafts): 
1,000.
    H.-I. Each of the two model confidentiality agreements involves: 
Total users (executive branch): 2; Private citizens users (100%): 2; 
OGE-processed agreements (private citizens): 2; OGE burden hours (50 
hours/agreement): 100, multiplied by 2 (two different drafts): 200. The 
total number of forms expected annually is 84, with a cumulative total 
of 3,715 burden hours.
    As required by the Paperwork Reduction Act, the Office of 
Government Ethics is submitting to OMB a request that it approve, or 
extend the approval of, these information collection requirements in 
the forms themselves as well as in the underlying regulatory provisions 
cited above. Copies of the forms are available upon request from OGE 
(see the ``For Further Information Contact'' block above).

    Approved: June 14, 1995.
Stephen D. Potts,
Director, Office of Government Ethics.
[FR Doc. 95-15182 Filed 6-20-95; 8:45 am]
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