[Federal Register Volume 66, Number 85 (Wednesday, May 2, 2001)]
[Notices]
[Page 22070]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-10885]


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DEPARTMENT OF THE TREASURY


Submission for OMB review; comment request

April 25, 2001.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before June 1, 2001 to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0927.
    Form Number: IRS Form 8390.
    Type of Review: Extension.
    Title: Information Return for Determination of Life Insurance 
Company Earnings Rate Under Section 809.
    Description: Life insurance companies are required to provide data 
so the Secretary of the Treasury can compute the: (1) Stock earnings 
rate of the 50 largest stock companies; and (2) average mutual earnings 
rate. These factors are used to compute the differential earnings rate 
which will determine the tax liability for mutual life insurance 
companies.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 150.

           Estimated Burden Hours Per Respondent/Recordkeeper
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Recordkeeping.............................  55 hr., 57 min.
Learning about the law or the form........  2 hr., 34 min.
Preparing and sending the form to the IRS.  3 hr., 36 min.
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    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 9,323 hours.
    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5244, 1111 Constitution Avenue, NW., Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10202, New Executive Office Building, 
Washington, DC 20503.

Mary A. Able,
Departmental Reports, Management Officer.
[FR Doc. 01-10885 Filed 5-1-01; 8:45 am]
BILLING CODE 4830-01-P