[Federal Register Volume 71, Number 2 (Wednesday, January 4, 2006)]
[Notices]
[Pages 384-385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-8248]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 28, 2005.
    The Department of the 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 
11000, 1750

[[Page 385]]

Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before February 3, 
2005 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1290.
    Type of Review: Extension.
    Title: FI-86 (Final) Bad Debt Reserves of Banks.
    Description: Section 585[scopy] of the Internal Revenue Code 
requires large banks to change from the reserve method of accounting to 
the specific charge off method of accounting for bad debts. The 
information required by section 1.585-8 of the regulations identifies 
any election made or revoked by the taxpayer in accordance with section 
585[scopy].
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 625 hours.
    Clearance Officer: Glenn P. Kirkland, (202) 622-3428, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Alexander T. Hunt, (202) 395-7316, Office of 
Management and Budget, Room 10235, New Executive Office Building, 
Washington, DC 20503.

Michael A. Robinson,
Treasury PRA Clearance Officer.
 [FR Doc. E5-8248 Filed 1-3-06; 8:45 am]
BILLING CODE 4830-01-P