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Federal Register / Vol. 86, No. 7 / Tuesday, January 12, 2021 / Notices
Company Act of 1940 2 if the portfolio of the entity consists exclusively of assets that a national bank may purchase and sell for its own account.
The OCC uses the information contained in the request as a basis for ensuring that the banks investment is consistent with its investment authority under applicable law and does not pose unacceptable risk. Under 12 CFR 1.7b, a national bank may request OCC
approval to extend the five-year holding period for securities held in satisfaction of debts previously contracted for up to an additional five years. In its request, the bank must provide a clearly convincing demonstration of why the additional holding period is needed.
The OCC uses the information in the request to ensure, on a case-by-case basis, that the banks purpose in retaining the securities is not speculative and that the banks reasons for requesting the extension are adequate. The OCC also uses the information to evaluate the risks to the bank in extending the holding period, including potential effects on the banks safety and soundness.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents:
25.
Estimated Total Annual Burden: 460
hours.
Frequency of Response: On occasion.
Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on:
a Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; b The accuracy of the OCCs estimate of the burden of the collection of information; c Ways to enhance the quality, utility, and clarity of the information to be collected; d Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Bao Nguyen, Principal Deputy Chief Counsel, Office of the Comptroller of the Currency.
FR Doc. 202100434 Filed 11121; 8:45 am BILLING CODE 481033P
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DEPARTMENT OF THE TREASURY
Multiemployer Pension Plan Application To Reduce Benefits Department of the Treasury.
Notice of availability; request for comments.

AGENCY:
ACTION:

The Board of Trustees of the Roofers Local No. 88 Pension Fund, a multiemployer pension plan, has submitted an application to reduce benefits under the plan in accordance with the Multiemployer Pension Reform Act of 2014 MPRA. The purpose of this notice is to announce that the application submitted by the Board of Trustees of the Roofers Local No. 88
Pension Fund has been published on the website of the Department of the Treasury Treasury, and to request public comments on the application from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Roofers Local No. 88
Pension Fund.
DATES: Comments must be received by February 26, 2021.
ADDRESSES: You may submit comments electronically through the Federal eRulemaking Portal at http
www.regulations.gov, in accordance with the instructions on that site.
Commenters are strongly encouraged to submit public comments electronically.
Treasury expects to have limited personnel available to process public comments that are submitted on paper through mail. Until further notice, any comments submitted on paper will be considered to the extent practicable.
Comments may be mailed to the Department of the Treasury, MPRA
Office, 1500 Pennsylvania Avenue NW, Room 1224, Washington, DC 20220, Attn: Danielle Norris. Comments sent via facsimile, telephone, or email will not be accepted.
Additional Instructions. All comments received, including attachments and other supporting materials, will be made available to the public. Do not include any personally identifiable information such as your Social Security number, name, address, or other contact information or any other information in your comment or supporting materials that you do not want publicly disclosed. Treasury will make comments available for public inspection and copying on www.regulations.gov or upon request.
Comments posted on the internet can be retrieved by most internet search engines.
FOR FURTHER INFORMATION CONTACT: For information regarding the application SUMMARY:

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from the Roofers Local No. 88 Pension Fund, please contact Treasury at 202
6221534 not a toll-free number.
SUPPLEMENTARY INFORMATION: MPRA
amended the Internal Revenue Code to permit a multiemployer plan that is projected to have insufficient funds to reduce pension benefits payable to participants and beneficiaries if certain conditions are satisfied. In order to reduce benefits, the plan sponsor is required to submit an application to the Secretary of the Treasury, which must be approved or denied in consultation with the Pension Benefit Guaranty Corporation PBGC and the Department of Labor.
On December 15, 2020, the Roofers Local No. 88 Pension Funds Board of Trustees submitted an application for approval to reduce benefits under the plan. As required by MPRA, that application has been published on Treasurys website at https
home.treasury.gov/services/themultiemployer-pension-reform-act-of2014/applications-for-benefitsuspension. Treasury is publishing this notice in the Federal Register, in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Roofers Local No. 88 Pension Funds application.
Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Roofers Local No. 88
Pension Fund. Consideration will be given to any comments that are timely received by Treasury.
David Kautter, Assistant Secretary for Tax Policy.
FR Doc. 202100392 Filed 11121; 8:45 am BILLING CODE 481025P

DEPARTMENT OF VETERANS
AFFAIRS
OMB Control No. 29000089

Agency Information Collection Activity Under OMB Review: Statement of Dependency of Parents Veterans Benefits Administration, Department of Veterans Affairs.
ACTION: Notice.
AGENCY:

In compliance with the Paperwork Reduction Act PRA of 1995, this notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, will submit the collection of information abstracted below to the Office of
SUMMARY:

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