[Federal Register Volume 66, Number 99 (Tuesday, May 22, 2001)]
[Notices]
[Pages 28202-28203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-12844]


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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 [email protected]). To obtain documentation for ETA, MSHA, 
OSHA, and VETS contact Darrin King ((202) 693-4129 or by E-Mail to 
[email protected]).
    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