Financial Crimes Enforcement Network; Proposed Collection; Comment Request; Currency Transaction Report, 42719-42720 [E6-12045]

Download as PDF Federal Register / Vol. 71, No. 144 / Thursday, July 27, 2006 / Notices Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. Decided: July 21, 2006. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E6–12041 Filed 7–26–06; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Docket No. AB–55 (Sub–No. 670X)] rwilkins on PROD1PC63 with NOTICES CSX Transportation, Inc.— Abandonment Exemption—in Middlesex County, MA On July 7, 2006, CSX Transportation, Inc. (CSXT) filed with the Surface Transportation Board a petition under 49 U.S.C. 10502 for exemption from the provisions of 49 U.S.C. 10903 to abandon a 2.39-mile line between milepost QBX 0.15 and the end of the line at milepost QBX 2.54, in the Northern Region, Albany Division, Boston Subdivision, in Middlesex County, MA. The line, known as the Saxonville Industrial Track, traverses United States Postal Service Zip Codes 55230, 55229, and 55228 and includes no stations. CSXT states that, based on information in its possession, the line does not contain federally granted rights-of-way. Any documentation in CSXT’s possession will be made available promptly to those requesting it. The interest of railroad employees will be protected by the conditions set forth in Oregon Short Line R. Co.— Abandonment—Goshen, 360 I.C.C. 91 (1979). By issuance of this notice, the Board is instituting an exemption proceeding pursuant to 49 U.S.C. 10502(b). A final decision will be issued by October 25, 2006. Any offer of financial assistance (OFA) under 49 CFR 1152.27(b)(2) will be due no later than 10 days after service of a decision granting the petition for exemption. Each offer must be accompanied by a $1,300 filing fee. See 49 CFR 1002.2(f)(25). All interested persons should be aware that, following abandonment of rail service and salvage of the line, the line may be suitable for other public use, including interim trail use. Any request for a public use condition under 49 CFR 1152.28 or for trail use/rail banking under 49 CFR 1152.29 will be VerDate Aug<31>2005 16:46 Jul 26, 2006 Jkt 208001 due no later than August 16, 2006. Each trail use request must be accompanied by a $200 filing fee. See 49 CFR 1002.2(f)(27). All filings in response to this notice must refer to STB Docket No. AB–55 (Sub-No. 670X), and must be sent to: (1) Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423– 0001, and (2) Steven C. Armbrust, 500 Water Street-J150, Jacksonville, FL 32202. Replies to CSXT’s petition are due on or before August 16, 2006. Persons seeking further information concerning abandonment procedures may contact the Board’s Office of Public Services at (202) 565–1592 or refer to the full abandonment or discontinuance regulations at 49 CFR part 1152. Questions concerning environmental issues may be directed to the Board’s Section of Environmental Analysis (SEA) at (202) 565–1539. [Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at 1–800–877–8339.] An environmental assessment (EA) (or environmental impact statement (EIS), if necessary) prepared by SEA will be served upon all parties of record and upon any agencies or other persons who commented during its preparation. Other interested persons may contact SEA to obtain a copy of the EA (or EIS). EAs in these abandonment proceedings normally will be made available within 60 days of the filing of the petition. The deadline for submission of comments on the EA will generally be within 30 days of its service. Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. Decided: July 18, 2006. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E6–11800 Filed 7–26–06; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network; Proposed Collection; Comment Request; Currency Transaction Report Financial Crimes Enforcement Network, Department of the Treasury. ACTION: Notice and request for comments. AGENCY: SUMMARY: As part of its continuing effort to reduce paperwork and respondent burden, the Financial Crimes Enforcement Network (FinCEN) invites PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 42719 comment on the proposed extension, without change, of the Currency Transaction Report (CTR), FinCEN Form 104. This request for comments is being made pursuant to the Paperwork Reduction Act of 1995, Public Law 104– 13, 44 U.S.C. 3506(c)(2)(A). Written comments are welcome and must be received on or before September 25, 2006. DATES: Written comments should be submitted to: Office of Chief Counsel, Financial Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, Vienna, VA 22183, Attention: PRA Comments—CTR Form. Comments also may be submitted by electronic mail to the following Internet address: regcomments@fincen.gov, again with a caption, in the body of the text, ‘‘Attention: PRA Comments—CTR Form.’’ Inspection of comments. Comments may be inspected, between 10 a.m. and 4 p.m., in the FinCEN reading room in Washington, DC. Persons wishing to inspect the comments submitted must request an appointment by telephoning (202) 354–6400 (not a toll-free number). ADDRESSES: FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network, Regulatory Policy and Programs Division, at (800) 949–2732. SUPPLEMENTARY INFORMATION: Title: Currency Transaction Report (CTR). OMB Number: 1506–0004. Form Number: FinCEN Form 104. Abstract: The statute generally referred to as the ‘‘Bank Secrecy Act,’’ Titles I and II of Public Law 91–508, as amended, codified at 12 U.S.C. 1829b, 12 U.S.C. 1951–1959, and 31 U.S.C. 5311–5332, authorizes the Secretary of the Treasury, inter alia, to require financial institutions to keep records and file reports that are determined to have a high degree of usefulness in criminal, tax, and regulatory investigations or proceedings, or in the conduct of intelligence or counterintelligence activities, to protect against international terrorism, and to implement counter-money laundering programs and compliance procedures.1 Regulations implementing Title II of the Bank Secrecy Act appear at 31 CFR Part 103. The authority of the Secretary to administer the Bank Secrecy Act has 1 Language expanding the scope of the Bank Secrecy Act to intelligence or counter-intelligence activities to protect against international terrorism was added by Section 358 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001, Pub. L. 107–56. E:\FR\FM\27JYN1.SGM 27JYN1 rwilkins on PROD1PC63 with NOTICES 42720 Federal Register / Vol. 71, No. 144 / Thursday, July 27, 2006 / Notices been delegated to the Director of FinCEN. Section 5313(a) of the Bank Secrecy Act authorizes the Secretary to issue regulations that require a report when ‘‘a domestic financial institution is involved in a transaction for the payment, receipt, or transfer of United States coins or currency (or other monetary instruments the Secretary of the Treasury prescribes), in an amount, denomination, or amount and denomination, or under circumstances the Secretary prescribes.’’ Regulations implementing section 5313(a) are found at 31 CFR 103.22. In general, the regulations require the reporting of transactions in currency to, by, or through a financial institution in excess of $10,000 by or on behalf of any one person in any one business day. Financial institutions, as defined in 31 CFR 103.11(n), are subject to the currency transaction reporting requirement. The Currency Transaction Report, FinCEN Form 104, is the form that financial institutions (other than casinos) use to comply with the currency transaction reporting requirements. Action: This is an extension, without change, of a currently approved collection. A copy of the Currency Transaction Report, FinCEN Form 104, may be obtained from the FinCEN Web site at https://www.fincen.gov/forms/ fin104_ctr.pdf, or by calling (800) 949– 2732 and selecting option 5. Type of Review: Regular review of a currently approved information collection. Affected Public: Business or other forprofit and non-profit institutions. Frequency: As required. Estimated Burden: Reporting average of 20 minutes per response. Form recordkeeping average of five (5) minutes per response, for a total of 25 minutes. Estimated number of respondents: 54,524. Estimated Total Annual Responses: 15,090,000. Estimated Total Annual Burden Hours: 6,287,500. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Records required to be retained pursuant to the Bank Secrecy Act must be retained for five years. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: VerDate Aug<31>2005 16:46 Jul 26, 2006 Jkt 208001 (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s 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 of information 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. Dated: July 20, 2006. Robert W. Werner, Director, Financial Crimes Enforcement Network. [FR Doc. E6–12045 Filed 7–26–06; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Additional Designation of Individuals and Entities Pursuant to Executive Order 13224 Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: SUMMARY: The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the name of one newly-designated individual whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.’’ DATES: The designation by the Secretary of the Treasury of the individual identified in this notice pursuant to Executive Order 13224 is effective on July 20, 2006. FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance Outreach & Implementation,Office of Foreign Assets Control, Department of the Treasury, Washington, DC 20220, tel.: 202/622–2490. SUPPLEMENTARY INFORMATION: Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site (https://www.treas.gov/ofac) or via facsimile through a 24-hour fax-on demand service, tel.: 202/622–0077. PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 Background On September 23, 2001, the President issued Executive Order 13224 (the ‘‘Order’’) pursuant to the International Emergency Economic Powers Act, 50 U.S.C. 1701–1706, and the United Nations Participation Act of 1945, 22 U.S.C. 287c. In the Order, the President declared a national emergency to address grave acts of terrorism and threats of terrorism committed by foreign terrorists, including the September 11, 2001, terrorist attacks in New York, Pennsylvania, and at the Pentagon. The Order imposes economic sanctions on persons who commit, threaten to commit, or support acts of terrorism. The President identified in the Annex to the Order, as amended by Executive Order 13268 of July 2, 2002, 13 individuals and 16 entities as subject to the economic sanctions. Section 1 of the Order blocks, with certain exceptions, all property and interests in property that are in or hereafter come within the United States or the possession or control of United States persons, of: (1) Foreign persons listed in the Annex to the Order; (2) foreign persons determined by the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of the Department of Homeland Security and the Attorney General, to have committed, or to pose a significant risk of committing, acts of terrorism that threaten the security of U.S. nationals or the national security, foreign policy, or economy of the United States; (3) persons determined by the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of the Department of Homeland Security and the Attorney General, to be owned or controlled by, or to act for or on behalf of those persons listed in the Annex to the Order or those persons determined to be subject to subsection 1(b), 1(c), or 1(d)(i) of the Order; and (4) except as provided in section 5 of the Order and after such consultation, if any, with foreign authorities as the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of the Department of Homeland Security and the Attorney General, deems appropriate in the exercise of his discretion, persons determined by the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of the Department of Homeland Security and the Attorney General, to assist in, sponsor, or provide financial, material, or technological support for, or financial or other services to or in support of, such acts of terrorism or those persons listed in the E:\FR\FM\27JYN1.SGM 27JYN1

Agencies

[Federal Register Volume 71, Number 144 (Thursday, July 27, 2006)]
[Notices]
[Pages 42719-42720]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-12045]


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DEPARTMENT OF THE TREASURY


Financial Crimes Enforcement Network; Proposed Collection; 
Comment Request; Currency Transaction Report

AGENCY: Financial Crimes Enforcement Network, Department of the 
Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, the Financial Crimes Enforcement Network (FinCEN) 
invites comment on the proposed extension, without change, of the 
Currency Transaction Report (CTR), FinCEN Form 104. This request for 
comments is being made pursuant to the Paperwork Reduction Act of 1995, 
Public Law 104-13, 44 U.S.C. 3506(c)(2)(A).

DATES: Written comments are welcome and must be received on or before 
September 25, 2006.

ADDRESSES: Written comments should be submitted to: Office of Chief 
Counsel, Financial Crimes Enforcement Network, Department of the 
Treasury, P.O. Box 39, Vienna, VA 22183, Attention: PRA Comments--CTR 
Form. Comments also may be submitted by electronic mail to the 
following Internet address: regcomments@fincen.gov, again with a 
caption, in the body of the text, ``Attention: PRA Comments--CTR 
Form.''
    Inspection of comments. Comments may be inspected, between 10 a.m. 
and 4 p.m., in the FinCEN reading room in Washington, DC. Persons 
wishing to inspect the comments submitted must request an appointment 
by telephoning (202) 354-6400 (not a toll-free number).

FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network, 
Regulatory Policy and Programs Division, at (800) 949-2732.

SUPPLEMENTARY INFORMATION:
    Title: Currency Transaction Report (CTR).
    OMB Number: 1506-0004.
    Form Number: FinCEN Form 104.
    Abstract: The statute generally referred to as the ``Bank Secrecy 
Act,'' Titles I and II of Public Law 91-508, as amended, codified at 12 
U.S.C. 1829b, 12 U.S.C. 1951-1959, and 31 U.S.C. 5311-5332, authorizes 
the Secretary of the Treasury, inter alia, to require financial 
institutions to keep records and file reports that are determined to 
have a high degree of usefulness in criminal, tax, and regulatory 
investigations or proceedings, or in the conduct of intelligence or 
counter-intelligence activities, to protect against international 
terrorism, and to implement counter-money laundering programs and 
compliance procedures.\1\ Regulations implementing Title II of the Bank 
Secrecy Act appear at 31 CFR Part 103. The authority of the Secretary 
to administer the Bank Secrecy Act has

[[Page 42720]]

been delegated to the Director of FinCEN.
---------------------------------------------------------------------------

    \1\ Language expanding the scope of the Bank Secrecy Act to 
intelligence or counter-intelligence activities to protect against 
international terrorism was added by Section 358 of the Uniting and 
Strengthening America by Providing Appropriate Tools Required to 
Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001, Pub. L. 
107-56.
---------------------------------------------------------------------------

    Section 5313(a) of the Bank Secrecy Act authorizes the Secretary to 
issue regulations that require a report when ``a domestic financial 
institution is involved in a transaction for the payment, receipt, or 
transfer of United States coins or currency (or other monetary 
instruments the Secretary of the Treasury prescribes), in an amount, 
denomination, or amount and denomination, or under circumstances the 
Secretary prescribes.'' Regulations implementing section 5313(a) are 
found at 31 CFR 103.22. In general, the regulations require the 
reporting of transactions in currency to, by, or through a financial 
institution in excess of $10,000 by or on behalf of any one person in 
any one business day. Financial institutions, as defined in 31 CFR 
103.11(n), are subject to the currency transaction reporting 
requirement. The Currency Transaction Report, FinCEN Form 104, is the 
form that financial institutions (other than casinos) use to comply 
with the currency transaction reporting requirements.
    Action: This is an extension, without change, of a currently 
approved collection. A copy of the Currency Transaction Report, FinCEN 
Form 104, may be obtained from the FinCEN Web site at https://
www.fincen.gov/forms/fin104_ctr.pdf, or by calling (800) 949-2732 and 
selecting option 5.
    Type of Review: Regular review of a currently approved information 
collection.
    Affected Public: Business or other for-profit and non-profit 
institutions.
    Frequency: As required.
    Estimated Burden: Reporting average of 20 minutes per response. 
Form recordkeeping average of five (5) minutes per response, for a 
total of 25 minutes.
    Estimated number of respondents: 54,524.
    Estimated Total Annual Responses: 15,090,000.
    Estimated Total Annual Burden Hours: 6,287,500.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Records required to be 
retained pursuant to the Bank Secrecy Act must be retained for five 
years.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or 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 agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's 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 of 
information 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.

    Dated: July 20, 2006.
Robert W. Werner,
Director, Financial Crimes Enforcement Network.
[FR Doc. E6-12045 Filed 7-26-06; 8:45 am]
BILLING CODE 4810-02-P

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