Financial Crimes Enforcement Network; Agency Information Collection Activities; Proposed Collection; Comment Request; Renewal Without Change of the Designation of Exempt Person Form, FinCEN Form 110, 12250-12251 [E8-4290]

Download as PDF 12250 Federal Register / Vol. 73, No. 45 / Thursday, March 6, 2008 / Notices for Grants and Agreements with Institutions of Higher Education, Hospitals, and other Nonprofit Organizations. OMB Circular No. A–102, Uniform Administrative Requirements for Grants-in-Aid to State and Local Governments. OMB Circular No. A–133, Audits of States, Local Government, and Nonprofit Organizations. Please reference the following Web sites for additional information: https:// www.whitehouse.gov/omb/grants. https://exchanges.state.gov/education/ grantsdiv/terms.htm#articleI. mstockstill on PROD1PC66 with NOTICES VI.3. Reporting Requirements You must provide ECA with a hard copy original plus one copy of the following reports: 1. A final program and financial report no more than 90 days after the expiration of the award; 2. A quarterly program report should evaluate the project’s success for that quarter’s activities and a financial report that describes the pace of spending in support of overall program objectives. Grantees will be required to provide reports analyzing their evaluation findings to the Bureau in their regular program reports. (Please refer to IV. Application and Submission Instructions (IV.3.d.3) above for Program Monitoring and Evaluation information. All data collected, including survey responses and contact information, must be maintained for a minimum of three years and provided to the Bureau upon request. All reports must be sent to the ECA Grants Officer and ECA Program Officer listed in the final assistance award document. VI.4. Optional Program Data Requirements Organizations awarded grants will be required to maintain specific data on program participants and activities in an electronically accessible database format that can be shared with the Bureau as required. At a minimum, the data must include the following: (1) Name, address, contact information and biographic sketch of all persons who travel internationally on funds provided by the grant or who benefit from the grant funding but do not travel. (2) Itineraries of international and domestic travel, providing dates of travel and cities in which any exchange experiences take place. Final schedules for in-country and U.S. activities must be received by the ECA Program Officer at least three work days prior to the official opening of the activity. VerDate Aug<31>2005 16:57 Mar 05, 2008 Jkt 214001 VII. Agency Contacts For questions about this announcement, contact: Clint Wright, Office of Citizen Exchanges, ECA/PE/C, Room 224, U.S. Department of State, SA–44, 301 4th Street, SW., Washington, DC 20547, telephone number 202–453–8164 and fax number 202–453–8169, WrightHC@state.gov. All correspondence with the Bureau concerning this RFGP should reference the above title and number ECA/PE/C/ WHA/EAP–08–53. Please read the complete announcement before sending inquiries or submitting proposals. Once the RFGP deadline has passed, Bureau staff may not discuss this competition with applicants until the proposal review process has been completed. VIII. Other Information Notice The terms and conditions published in this RFGP are binding and may not be modified by any Bureau representative. Explanatory information provided by the Bureau that contradicts published language will not be binding. Issuance of the RFGP does not constitute an award commitment on the part of the Government. The Bureau reserves the right to reduce, revise, or increase proposal budgets in accordance with the needs of the program and the availability of funds. Awards made will be subject to periodic reporting and evaluation requirements per section VI.3 above. Dated: February 26, 2008. C. Miller Crouch, Acting Assistant Secretary, Bureau of Educational and Cultural Affairs, Department of State. [FR Doc. E8–4413 Filed 3–5–08; 8:45 am] BILLING CODE 4710–05–P Culturally Significant Objects Imported for Exhibition Determinations: ‘‘Antonio Lopez Garcia’’ SUMMARY: Notice is hereby given of the following determinations: Pursuant to the authority vested in me by the Act of October 19, 1965 (79 Stat. 985; 22 U.S.C. 2459), Executive Order 12047 of March 27, 1978, the Foreign Affairs Reform and Restructuring Act of 1998 (112 Stat. 2681, et seq.; 22 U.S.C. 6501 note, et seq.), Delegation of Authority No. 234 of October 1, 1999, Delegation of Authority No. 236 of October 19, 1999, as amended, and Delegation of Authority No. 257 of April 15, 2003 [68 FR 19875], Fmt 4703 BILLING CODE 4710–05–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network; Agency Information Collection Activities; Proposed Collection; Comment Request; Renewal Without Change of the Designation of Exempt Person Form, FinCEN Form 110 Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice and request for comments. [Public Notice 6120] Frm 00181 Dated: February 28, 2008. C. Miller Crouch, Principal Deputy Assistant, Secretary for Educational and Cultural Affairs, Department of State. [FR Doc. E8–4414 Filed 3–5–08; 8:45 am] AGENCY: DEPARTMENT OF STATE PO 00000 I hereby determine that the objects to be included in the exhibition ‘‘Antonio Lopez Garcia’’, imported from abroad for temporary exhibition within the United States, are of cultural significance. The objects are imported pursuant to loan agreements with the foreign owners or custodians. I also determine that the exhibition or display of the exhibit objects at the Museum of Fine Arts, Boston, Massachusetts, from on or about April 13, 2008, until on or about July 27, 2008, and at possible additional exhibitions or venues yet to be determined, is in the national interest. Public Notice of these Determinations is ordered to be published in the Federal Register. FOR FURTHER INFORMATION CONTACT: For further information, including a list of the exhibit objects, contact Wolodymyr Sulzynsky, Attorney-Adviser, Office of the Legal Adviser, U.S. Department of State (telephone: 202/453–8050). The address is U.S. Department of State, SA– 44, 301 4th Street, SW., Room 700, Washington, DC 20547–0001. Sfmt 4703 SUMMARY: FinCEN, a bureau of the U.S. Department of the Treasury (‘‘Treasury’’), invites all interested parties to comment on its continuing collection of information through its ‘‘Designation of Exempt Person’’ form used by banks and other depository institutions to designate their eligible customers as exempt from the requirement to report transactions in currency over $10,000. DATES: Written comments are welcome and must be received on or before May 5, 2008. ADDRESSES: Written comments should be submitted to: Office of Regulatory Policy and Programs Division, Financial E:\FR\FM\06MRN1.SGM 06MRN1 mstockstill on PROD1PC66 with NOTICES Federal Register / Vol. 73, No. 45 / Thursday, March 6, 2008 / Notices Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, Vienna, Virginia 22183, Attention: PRA Comments—Designation of Exempt Person (DOEP), FinCEN Form 110. 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— Designation of Exempt Person (DOEP), FinCEN Form 110’’. Inspection of comments: Comments may be inspected, between 10 a.m. and 4 p.m., in the FinCEN reading room in Vienna, VA. Persons wishing to inspect the comments submitted must request an appointment with the Disclosure Officer by telephoning (703) 905–5034 (Not a toll free call). FOR FURTHER INFORMATION CONTACT: The FinCEN Regulatory helpline at (800) 949–2732 and select Option 3. SUPPLEMENTARY INFORMATION: Pursuant to the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)), FinCEN is soliciting comments on the collection of information described below. Title: Designation of Exempt Person. OMB Number: 1506–0012. Form Number: FinCEN Form 110. Abstract: 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. 5311–5314; 5316–5332, authorizes the Secretary of the Treasury, among other things, to issue regulations requiring records and reports that are determined to have a high degree of usefulness in criminal, tax, and regulatory matters. Regulations implementing Title II of the Bank Secrecy Act (codified at 31 U.S.C. 5311–5314; 5316–5332) appear at 31 CFR part 103. The authority of the Secretary to administer Title II of the Bank Secrecy Act has been delegated to the Director of FinCEN. The reporting by financial institutions of transactions in currency in excess of $10,000 has long been a major component of the Treasury’s implementation of the Bank Secrecy Act. The reporting requirement is imposed by 31 CFR 103.22, a rule issued under the broad authority granted to the Secretary of the Treasury by 31 U.S.C. 5313(a) to require reports of domestic coins and currency transactions. The Money Laundering Suppression Act of 1994, Title IV of the Riegle Community Development and Regulatory Improvement Act (Pub. L. 103–325) amended 31 U.S.C. 5313. The statutory amendments mandate exemptions from currency transaction VerDate Aug<31>2005 16:57 Mar 05, 2008 Jkt 214001 reporting in the case of customers that are other banks, certain governmental entities, or businesses for which reporting would serve little or no law enforcement purpose. The amendments also authorize Treasury to exempt certain other businesses. On September 8, 1997, and September 30, 1998, Treasury issued final rules regarding these statutory amendments (62 FR 47141 and 63 FR 50147, respectively). The final rules reform and simplify the process by which banks may exempt eligible customers. The final rules, as further amended by 65 FR 46356, are set forth at 31 CFR 103.22(d). Under the simplified exemption rules, a key requirement is a ‘‘designation’’ sent to the Treasury indicating that a customer will be treated by the bank as an exempt person, so that no further currency transaction reports will be filed on the customer’s cash transactions exceeding $10,000. As part of the simplification process, Treasury previously issued a form specifically for making that designation. The information collected on the form, Designation of Exempt Person, FinCEN Form 110, is required to exempt bank customers from currency transaction reporting. The information is used to help determine whether a bank has properly exempted its customers. The collection of information is mandatory. Current Actions: There are no proposed changes to the current DOEP, FinCEN Form 110. The form is available on the FinCEN website at: https://www.fincen.gov/ forms/fin110_dep.pdf. Type of Review: Renewal without change of a currently approved collection. Affected Public: Business or other forprofit institutions. Frequency: As required. Estimated Number of Respondents: 19,000. Estimated Total Annual Responses: 65,000. Estimated Total Annual Burden Hours: 97,500 hours. (Reporting average of 30 minutes per response; recordkeeping average of 1 hour per response). Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval. All comments will become a matter of public record. Comments are invited on: (1) Whether the collection of information is necessary for the proper performance of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden collection of information; PO 00000 Frm 00182 Fmt 4703 Sfmt 4703 12251 (c) ways to enhance 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: February 26, 2008. James H. Freis, Jr., Director, Financial Crimes Enforcement Network. [FR Doc. E8–4290 Filed 3–5–08; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Internal Revenue Service [REG–102144–04] Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an existing final regulation, REG–102144– 04 (TD 9315), Dual Consolidated Losses and NOT–138529–05, Announcement of Rules Adopting Reasonable Cause Standard for Section 1503(d) Filings. DATES: Written comments should be received on or before May 5, 2008, to be assured of consideration. ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulation should be directed to Carolyn N. Brown, (202) 622–6688, Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the internet at Carolyn.N.Brown@irs.gov. SUPPLEMENTARY INFORMATION: Title: (Final) Dual Consolidated Losses. OMB Number: 1545–1946. E:\FR\FM\06MRN1.SGM 06MRN1

Agencies

[Federal Register Volume 73, Number 45 (Thursday, March 6, 2008)]
[Notices]
[Pages 12250-12251]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-4290]


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DEPARTMENT OF THE TREASURY


Financial Crimes Enforcement Network; Agency Information 
Collection Activities; Proposed Collection; Comment Request; Renewal 
Without Change of the Designation of Exempt Person Form, FinCEN Form 
110

AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.

ACTION: Notice and request for comments.

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

SUMMARY: FinCEN, a bureau of the U.S. Department of the Treasury 
(``Treasury''), invites all interested parties to comment on its 
continuing collection of information through its ``Designation of 
Exempt Person'' form used by banks and other depository institutions to 
designate their eligible customers as exempt from the requirement to 
report transactions in currency over $10,000.

DATES: Written comments are welcome and must be received on or before 
May 5, 2008.

ADDRESSES: Written comments should be submitted to: Office of 
Regulatory Policy and Programs Division, Financial

[[Page 12251]]

Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, 
Vienna, Virginia 22183, Attention: PRA Comments--Designation of Exempt 
Person (DOEP), FinCEN Form 110. 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--Designation of Exempt Person (DOEP), FinCEN 
Form 110''.
    Inspection of comments: Comments may be inspected, between 10 a.m. 
and 4 p.m., in the FinCEN reading room in Vienna, VA. Persons wishing 
to inspect the comments submitted must request an appointment with the 
Disclosure Officer by telephoning (703) 905-5034 (Not a toll free 
call).

FOR FURTHER INFORMATION CONTACT: The FinCEN Regulatory helpline at 
(800) 949-2732 and select Option 3.

SUPPLEMENTARY INFORMATION: Pursuant to the Paperwork Reduction Act of 
1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)), FinCEN is soliciting 
comments on the collection of information described below.
    Title: Designation of Exempt Person.
    OMB Number: 1506-0012.
    Form Number: FinCEN Form 110.
    Abstract: 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. 5311-5314; 5316-5332, authorizes the Secretary of the 
Treasury, among other things, to issue regulations requiring records 
and reports that are determined to have a high degree of usefulness in 
criminal, tax, and regulatory matters. Regulations implementing Title 
II of the Bank Secrecy Act (codified at 31 U.S.C. 5311-5314; 5316-5332) 
appear at 31 CFR part 103.
    The authority of the Secretary to administer Title II of the Bank 
Secrecy Act has been delegated to the Director of FinCEN.
    The reporting by financial institutions of transactions in currency 
in excess of $10,000 has long been a major component of the Treasury's 
implementation of the Bank Secrecy Act. The reporting requirement is 
imposed by 31 CFR 103.22, a rule issued under the broad authority 
granted to the Secretary of the Treasury by 31 U.S.C. 5313(a) to 
require reports of domestic coins and currency transactions.
    The Money Laundering Suppression Act of 1994, Title IV of the 
Riegle Community Development and Regulatory Improvement Act (Pub. L. 
103-325) amended 31 U.S.C. 5313. The statutory amendments mandate 
exemptions from currency transaction reporting in the case of customers 
that are other banks, certain governmental entities, or businesses for 
which reporting would serve little or no law enforcement purpose. The 
amendments also authorize Treasury to exempt certain other businesses.
    On September 8, 1997, and September 30, 1998, Treasury issued final 
rules regarding these statutory amendments (62 FR 47141 and 63 FR 
50147, respectively). The final rules reform and simplify the process 
by which banks may exempt eligible customers. The final rules, as 
further amended by 65 FR 46356, are set forth at 31 CFR 103.22(d).
    Under the simplified exemption rules, a key requirement is a 
``designation'' sent to the Treasury indicating that a customer will be 
treated by the bank as an exempt person, so that no further currency 
transaction reports will be filed on the customer's cash transactions 
exceeding $10,000. As part of the simplification process, Treasury 
previously issued a form specifically for making that designation. The 
information collected on the form, Designation of Exempt Person, FinCEN 
Form 110, is required to exempt bank customers from currency 
transaction reporting. The information is used to help determine 
whether a bank has properly exempted its customers. The collection of 
information is mandatory.
    Current Actions: There are no proposed changes to the current DOEP, 
FinCEN Form 110.
    The form is available on the FinCEN website at: https://
www.fincen.gov/forms/fin110_dep.pdf.
    Type of Review: Renewal without change of a currently approved 
collection.
    Affected Public: Business or other for-profit institutions.
    Frequency: As required.
    Estimated Number of Respondents: 19,000.
    Estimated Total Annual Responses: 65,000.
    Estimated Total Annual Burden Hours: 97,500 hours. (Reporting 
average of 30 minutes per response; recordkeeping average of 1 hour per 
response).
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for Office of 
Management and Budget approval. All comments will become a matter of 
public record. Comments are invited on: (1) Whether the collection of 
information is necessary for the proper performance of the agency, 
including whether the information shall have practical utility; (b) the 
accuracy of the agency's estimate of the burden collection of 
information; (c) ways to enhance 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: February 26, 2008.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
 [FR Doc. E8-4290 Filed 3-5-08; 8:45 am]
BILLING CODE 4810-02-P
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