Proposed Renewal Without Change; Comment Request; Nine Bank Secrecy Act Recordkeeping Requirements, 33413-33415 [2011-14068]

Download as PDF Federal Register / Vol. 76, No. 110 / Wednesday, June 8, 2011 / Notices the customer, including other depositbased loans, if applicable. These include limits on: • The number of periods that back-toback advances may be made before a cooling-off period will be triggered; • The number of months in which advances may be outstanding; • The total amount or percentage of any deposit that may be advanced in any period; and • The total amount or percentage of any deposit that may be used for repayment of the advance. These limits should be adjusted, as appropriate, based on risks identified through account monitoring. For example, if a customer’s direct deposits stop, no further extensions of credit should be permitted under the program. Repayment Terms Deposit advances should be permitted to be repaid by direct deposit or by separate payment in advance of the date a deposit would be debited without any additional fee. When program terms allow for substantial advances relative to the regular deposit amount, advances should be permitted to be repaid in more than one installment over an extended period of more than one month. National banks should not permit repayments of deposit advances that would overdraw the account or permit additional advances during any periods of account overdraft. Monitoring and Risk Assessments Deposit-advance accounts should be subject to reasonable periodic monitoring to ensure that circumstances have not changed that adversely affect credit risk and to identify excessive usage. Monitoring should include overdraft and returned-item activity in the account. There should be appropriate follow up with the customer, if warranted, about use of the account, repayment options, and credit alternatives. sroberts on DSK5SPTVN1PROD with NOTICES Management Oversight Bank management should receive regular reports on volume, profitability, and credit performance of the deposit advance program. These reports should segment accounts by level of line usage to identify excessive deposit-advance usage. Management also should receive reports that describe the status and outcome of internal reviews and evaluations of accounts identified as demonstrating excessive usage. Charge-Offs Deposit advances that are not repaid in accordance with the account terms should be charged off. VerDate Mar<15>2010 21:51 Jun 07, 2011 Jkt 223001 Dated: June 1, 2011. John Walsh, Acting Comptroller of the Currency. [FR Doc. 2011–14093 Filed 6–7–11; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Proposed Renewal Without Change; Comment Request; Nine Bank Secrecy Act Recordkeeping Requirements Notice and request for comments. ACTION: As part of our continuing effort to reduce paperwork and respondent burden, we invite comment on a proposed renewal, without change, to recordkeeping requirements found in existing regulations requiring financial institutions to keep records pertaining to Bank Secrecy Act (BSA) reportable activities. 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). SUMMARY: Written comments are welcome and must be received on or before August 8, 2011. DATES: Written comments should be submitted to: Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: BSA Recordkeeping Requirements Comments. 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, ‘‘BSA Recordkeeping Requirements Comments.’’ ADDRESSES: FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network, Regulatory Policy and Programs Division at (800) 949–2732, option 6. SUPPLEMENTARY INFORMATION: Abstract: The Director of the Financial Crimes Enforcement Network (FinCEN) is the delegated administrator of the BSA. The BSA authorizes the Director to issue regulations to require all financial institutions defined as such in the BSA to maintain or file certain reports or records that have been determined to have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, or in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism, and to implement anti-money PO 00000 Frm 00223 Fmt 4703 Sfmt 4703 33413 laundering programs and compliance procedures.1 Regulations implementing section 5318(h)(1) of the BSA are found in part at 31 CFR chapter X. In general, the regulations require financial institutions, as defined in 31 U.S.C. 5312(a)(2) and 31 CFR 1010.100 to maintain financial records of BSA covered transactions. 1. Title: Special rules for casinos 31 CFR 1021.210(b), 31 CFR 1021.100(a)(e)(Old Ref. 31 CFR 103.64), and 31 CFR 1010.430 (Old Ref. 31 CFR 103.38). OMB Number: 1506–0051. Current Action: There is no change to the existing regulation. Type of Review: Extension without change of a currently approved information collection. Affected Public: Businesses and other for-profit institutions. Burden: The estimated number of recordkeepers is 925. The estimated annual recordkeeping burden per recordkeeper is 100 hours, for a total estimated annual recordkeeping burden of 92,500 hours. 2. Title: Additional records to be made and retained by currency dealers or exchangers (31 CFR 1022.410 (Old Ref. 31 CFR 103.37) and 31 CFR 1010.430 (Old Ref. 31 CFR 103.38) . OMB Number: 1506–0052. Current Action: There is no change to the existing regulation. Type of Review: Extension without change of a currently approved information collection. Affected Public: Businesses and other for-profit institutions. Burden: The estimated number of recordkeepers is 2,300. The estimated annual recordkeeping burden per recordkeeper is 16 hours, for a total estimated annual recordkeeping burden of 368,000 hours. 3. Title: Additional records to be made and retained by brokers or dealers in securities (31 CFR 1023.410 (Old Ref. 31 CFR 103.35) and 31 CFR 1010.410 (Old Ref. 103.38). OMB Number: 1506–0053. Current Action: There is no change to the existing regulation. Type of Review: Extension without change of a currently approved information collection. Affected Public: Businesses and other for-profit institutions. 1 Public Law 91–508, as amended and codified at 12 U.S.C. 1829b, 12 U.S.C. 1951–1959 and 31 U.S.C. 5311–5332. Language expanding the scope of the BSA 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, Pubic Law 107–56. E:\FR\FM\08JNN1.SGM 08JNN1 sroberts on DSK5SPTVN1PROD with NOTICES 33414 Federal Register / Vol. 76, No. 110 / Wednesday, June 8, 2011 / Notices Burden: The estimated number of recordkeepers is 8,300. The estimated annual recordkeeping burden per recordkeeper is 100 hours, for a total estimated annual recordkeeping burden of 830,000 hours. 4. Title: Additional records to be made and retained by casinos (31 CFR 1021.410 (Old Ref. 103.36) (except 31 CFR 1021.410(b)(10)) (Old Ref. except 103.36(b)(10)), and 31 CFR 1010.430 (Old Ref. 31 CFR 103.38) . OMB Number: 1506–0054. Current Action: There is no change to the existing regulation. Type of Review: Extension without change of a currently approved information collection. Affected Public: Businesses and other for-profit institutions. The burden for the action will be as follows: 31 CFR 1021.410(a)&(b)(1)–(8). The estimated number of recordkeepers is 480. The estimated annual recordkeeping burden per recordkeeper is 100 hours, for a total estimated annual recordkeeping burden of 48,000. 31 CFR 1021.410(b)(9). The estimated number of recordkeepers is 480. The estimated annual recordkeeping burden per recordkeeper is 7.5 hours, for a total estimated annual recordkeeping burden of 3,600 hours. 31 CFR 1021.410(b)(11). The estimated number of recordkeepers is 62. The estimated number of transactions is 215,000 annually and the total estimated annual recordkeeping burden is 686 hours. 31 CFR 1021.410(c). The estimated number of recordkeepers is 480. The estimated annual recordkeeping burden per recordkeeper is 4 hours, for a total estimated annual recordkeeping burden of 1,920 hours. For a total estimated annual recordkeeping burden of 54,206 hours. 5. Title: Reports of transactions with foreign financial agencies 31 CFR 1010.360 (Old Ref. 31 CFR 103.25).2 OMB Number: 1506–0055. Current Action: There is no change to the existing regulation. Type of Review: Extension without change of a currently approved information collection. Affected Public: Businesses or forprofit institutions, and non-profit institutions. Burden: The estimated number of respondents per year is 1. The estimated number of responses is 1, with a reporting burden of 1 hour per 2 Treasury may, by regulation, require specified financial institutions to report transactions by persons with designated foreign financial agencies. VerDate Mar<15>2010 21:51 Jun 07, 2011 Jkt 223001 respondent, for a total annual recordkeeping burden of 1 hour.3 6. Title: Reports of certain domestic coin and currency transactions. 31 CFR 1010.370 (Old Ref. 31 CFR 103.26), 31 CFR 1010.410(d) (Old Ref. 31 CFR 103.33(d). OMB Number: 1506–0056. Current Action: There is no change to the existing regulation. Type of Review: Extension without change of a currently approved information collection. Affected Public: Businesses or forprofit institutions, and non-profit institutions. Burden: The estimated number of respondents per year is 3,200. The estimated number of responses is 17,000, with a reporting burden of 19 minutes per response and a recordkeeping burden of 5 minutes per response. Total estimated annual recordkeeping burden is 6,800 hours.4 7. Title: Purchases of bank checks and drafts, cashier’s checks, money orders and traveler’s checks. 31 CFR 1010.415 (Old Ref. 31 CFR 103.29), 31 CFR 1010.430 (Old Ref. 31 CFR 103.38). OMB Number: 1506–0057. Current Action: There is no change to the existing regulation. Type of Review: Extension without change of a currently approved information collection. Affected Public: Businesses or forprofit institutions, and non-profit institutions. Burden: The estimated number of recordkeepers is 60,900. The average burden per recordkeeper is 7.5 hours, for a total estimated annual recordkeeping burden of 456,750 hours. 8. Title: Records to be made and retained by financial institutions (31 CFR 1010.410 (Old Ref. 31 CFR 103.33) (except 1010.410(d) (Old Ref. 31 CFR 103.33(d)) and 31 CFR 1010.430, (Old Ref. 31 CFR 103.38). OMB Number: 1506–0058. Current Action: There is no change to the existing regulation. Type of Review: Extension without change of a currently approved information collection. Affected Public: Businesses or forprofit institutions, and non-profit institutions. The burden for this action will be as follows: 3 Should FinCEN issue regulations under this authority, it will provide a burden estimate specific to those regulations. 4 Although the burden is stated as an annual burden in accordance with the Paperwork Reduction Act, the estimated annual burden is not intended to indicate that there is a geographic targeting order in effect throughout a year or in each year. PO 00000 Frm 00224 Fmt 4703 Sfmt 4703 31 CFR 1010.410(a)–(c). The estimated number of recordkeepers is 22,900. The estimated annual recordkeeping burden per recordkeeper is 50 hours, for a total estimated annual recordkeeping burden of 1,145,000 hours. 31 CFR 1010.410(e)–(f). The estimated number of recordkeepers is 35,500. The estimated annual recordkeeping burden per recordkeeper is 16 hours, for a total estimated annual recordkeeping burden of 568,000. 31 CFR 1010.410(g). The estimated number of recordkeepers is 35,500. The estimated annual recordkeeping burden per recordkeeper is 12 hours, for a total estimated annual recordkeeping burden of 426,000, for a total of 2,139,000 hours. 9. Title: Additional records to be made and retained by banks (31 CFR 1020.410 (Old Ref. 31 CFR 103.34) and 31 CFR 1010.430 (Old Ref. 31 CFR 103.38). OMB Number: 1506–0059. Current Action: There is no change to the existing regulation. Type of Review: Extension without change of a currently approved information collection. Affected Public: Businesses or forprofit institutions, and non-profit institutions. Burden: The estimated number of recordkeepers is 22,900. The estimated annual recordkeeping burden per recordkeeper is 100 hours for a total annual recordkeeping burden of 2,290,000 hours. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid control number assigned by the Office of Management and Budget (OMB). Records required to be retained under the BSA must be retained for five years. Generally, information collected pursuant to the BSA is confidential but may be shared as provided by law with regulatory and law enforcement authorities. 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 E:\FR\FM\08JNN1.SGM 08JNN1 Federal Register / Vol. 76, No. 110 / Wednesday, June 8, 2011 / Notices 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: May 31, 2011. James H. Freis, Jr., Director, Financial Crimes Enforcement Network. [FR Doc. 2011–14068 Filed 6–7–11; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 1099–A Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: 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 Form 1099–A, Acquisition or Abandonment of Secured Property. DATES: Written comments should be received on or before August 8, 2011 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Evelyn J. Mack, (202) 622–7381, Internal Revenue Service, room 6231, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet at Evelyn.J.Mack@irs.gov. SUMMARY: sroberts on DSK5SPTVN1PROD with NOTICES SUPPLEMENTARY INFORMATION: Title: Acquisition or Abandonment of Secured Property. OMB Number: 1545–0877. Form Number: 1099–A. Abstract: Form 1099–A is used by persons who lend money in connection with a trade or business, and who acquire an interest in the property that VerDate Mar<15>2010 21:51 Jun 07, 2011 Jkt 223001 is security for the loan or who have reason to know that the property has been abandoned, to report the acquisition or abandonment. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit organizations. Estimated Number of Responses: 386,356. Estimated Time per Response: 10 min. Estimated Total Annual Burden Hours: 61,817. The following paragraph applies to all of the collections of information covered by this notice: 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. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. 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. Approved: June 1, 2011. Yvette B. Lawrence, IRS Reports Clearance Officer. [FR Doc. 2011–14039 Filed 6–7–11; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00225 Fmt 4703 Sfmt 4703 33415 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 1096 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: 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 Form 1096, Annual Summary and Transmittal of U.S. Information Returns. DATES: Written comments should be received on or before August 8, 2011 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Evelyn J. Mack, (202) 622–7381, Internal Revenue Service, Room 6231, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the internet at Evelyn.J.Mack@irs.gov. SUMMARY: SUPPLEMENTARY INFORMATION: Title: Annual Summary and Transmittal of U.S. Information Returns. OMB Number: 1545–0108. Form Number: 1096. Abstract: Form 1096 is used to transmit information returns (Forms 1099, 1098, 5498, and W–2G) to the IRS service centers. Under Internal Revenue Code section 6041 and related regulations, a separate Form 1096 is used for each type of return sent to the service center by the payer. It is used by IRS to summarize, categorize, and process the forms being filed. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, individuals or households, not-for-profit institutions, farms, Federal government, and State, local or tribal governments. Estimated Number of Responses: 4,420,919. E:\FR\FM\08JNN1.SGM 08JNN1

Agencies

[Federal Register Volume 76, Number 110 (Wednesday, June 8, 2011)]
[Notices]
[Pages 33413-33415]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-14068]


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

DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Proposed Renewal Without Change; Comment Request; Nine Bank 
Secrecy Act Recordkeeping Requirements

ACTION: Notice and request for comments.

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

SUMMARY: As part of our continuing effort to reduce paperwork and 
respondent burden, we invite comment on a proposed renewal, without 
change, to recordkeeping requirements found in existing regulations 
requiring financial institutions to keep records pertaining to Bank 
Secrecy Act (BSA) reportable activities. 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 
August 8, 2011.

ADDRESSES: Written comments should be submitted to: Financial Crimes 
Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: BSA 
Recordkeeping Requirements Comments. 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, 
``BSA Recordkeeping Requirements Comments.''

FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network, 
Regulatory Policy and Programs Division at (800) 949-2732, option 6.

SUPPLEMENTARY INFORMATION: 
    Abstract: The Director of the Financial Crimes Enforcement Network 
(FinCEN) is the delegated administrator of the BSA. The BSA authorizes 
the Director to issue regulations to require all financial institutions 
defined as such in the BSA to maintain or file certain reports or 
records that have been determined to have a high degree of usefulness 
in criminal, tax, or regulatory investigations or proceedings, or in 
the conduct of intelligence or counter-intelligence activities, 
including analysis, to protect against international terrorism, and to 
implement anti-money laundering programs and compliance procedures.\1\
---------------------------------------------------------------------------

    \1\ Public Law 91-508, as amended and codified at 12 U.S.C. 
1829b, 12 U.S.C. 1951-1959 and 31 U.S.C. 5311-5332. Language 
expanding the scope of the BSA 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, Pubic Law 107-56.
---------------------------------------------------------------------------

    Regulations implementing section 5318(h)(1) of the BSA are found in 
part at 31 CFR chapter X. In general, the regulations require financial 
institutions, as defined in 31 U.S.C. 5312(a)(2) and 31 CFR 1010.100 to 
maintain financial records of BSA covered transactions.
    1. Title: Special rules for casinos 31 CFR 1021.210(b), 31 CFR 
1021.100(a)-(e)(Old Ref. 31 CFR 103.64), and 31 CFR 1010.430 (Old Ref. 
31 CFR 103.38).
    OMB Number: 1506-0051.
    Current Action: There is no change to the existing regulation.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Businesses and other for-profit institutions.
    Burden: The estimated number of recordkeepers is 925. The estimated 
annual recordkeeping burden per recordkeeper is 100 hours, for a total 
estimated annual recordkeeping burden of 92,500 hours.
    2. Title: Additional records to be made and retained by currency 
dealers or exchangers (31 CFR 1022.410 (Old Ref. 31 CFR 103.37) and 31 
CFR 1010.430 (Old Ref. 31 CFR 103.38) .
    OMB Number: 1506-0052.
    Current Action: There is no change to the existing regulation.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Businesses and other for-profit institutions.
    Burden: The estimated number of recordkeepers is 2,300. The 
estimated annual recordkeeping burden per recordkeeper is 16 hours, for 
a total estimated annual recordkeeping burden of 368,000 hours.
    3. Title: Additional records to be made and retained by brokers or 
dealers in securities (31 CFR 1023.410 (Old Ref. 31 CFR 103.35) and 31 
CFR 1010.410 (Old Ref. 103.38).
    OMB Number: 1506-0053.
    Current Action: There is no change to the existing regulation.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Businesses and other for-profit institutions.

[[Page 33414]]

    Burden: The estimated number of recordkeepers is 8,300. The 
estimated annual recordkeeping burden per recordkeeper is 100 hours, 
for a total estimated annual recordkeeping burden of 830,000 hours.
    4. Title: Additional records to be made and retained by casinos (31 
CFR 1021.410 (Old Ref. 103.36) (except 31 CFR 1021.410(b)(10)) (Old 
Ref. except 103.36(b)(10)), and 31 CFR 1010.430 (Old Ref. 31 CFR 
103.38) .
    OMB Number: 1506-0054.
    Current Action: There is no change to the existing regulation.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Businesses and other for-profit institutions.
    The burden for the action will be as follows:
    31 CFR 1021.410(a)&(b)(1)-(8). The estimated number of 
recordkeepers is 480. The estimated annual recordkeeping burden per 
recordkeeper is 100 hours, for a total estimated annual recordkeeping 
burden of 48,000.
    31 CFR 1021.410(b)(9). The estimated number of recordkeepers is 
480. The estimated annual recordkeeping burden per recordkeeper is 7.5 
hours, for a total estimated annual recordkeeping burden of 3,600 
hours.
    31 CFR 1021.410(b)(11). The estimated number of recordkeepers is 
62. The estimated number of transactions is 215,000 annually and the 
total estimated annual recordkeeping burden is 686 hours.
    31 CFR 1021.410(c). The estimated number of recordkeepers is 480. 
The estimated annual recordkeeping burden per recordkeeper is 4 hours, 
for a total estimated annual recordkeeping burden of 1,920 hours. For a 
total estimated annual recordkeeping burden of 54,206 hours.
    5. Title: Reports of transactions with foreign financial agencies 
31 CFR 1010.360 (Old Ref. 31 CFR 103.25).\2\
---------------------------------------------------------------------------

    \2\ Treasury may, by regulation, require specified financial 
institutions to report transactions by persons with designated 
foreign financial agencies.
---------------------------------------------------------------------------

    OMB Number: 1506-0055.
    Current Action: There is no change to the existing regulation.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Businesses or for-profit institutions, and non-
profit institutions.
    Burden: The estimated number of respondents per year is 1. The 
estimated number of responses is 1, with a reporting burden of 1 hour 
per respondent, for a total annual recordkeeping burden of 1 hour.\3\
---------------------------------------------------------------------------

    \3\ Should FinCEN issue regulations under this authority, it 
will provide a burden estimate specific to those regulations.
---------------------------------------------------------------------------

    6. Title: Reports of certain domestic coin and currency 
transactions. 31 CFR 1010.370 (Old Ref. 31 CFR 103.26), 31 CFR 
1010.410(d) (Old Ref. 31 CFR 103.33(d).
    OMB Number: 1506-0056.
    Current Action: There is no change to the existing regulation.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Businesses or for-profit institutions, and non-
profit institutions.
    Burden: The estimated number of respondents per year is 3,200. The 
estimated number of responses is 17,000, with a reporting burden of 19 
minutes per response and a recordkeeping burden of 5 minutes per 
response. Total estimated annual recordkeeping burden is 6,800 
hours.\4\
---------------------------------------------------------------------------

    \4\ Although the burden is stated as an annual burden in 
accordance with the Paperwork Reduction Act, the estimated annual 
burden is not intended to indicate that there is a geographic 
targeting order in effect throughout a year or in each year.
---------------------------------------------------------------------------

    7. Title: Purchases of bank checks and drafts, cashier's checks, 
money orders and traveler's checks. 31 CFR 1010.415 (Old Ref. 31 CFR 
103.29), 31 CFR 1010.430 (Old Ref. 31 CFR 103.38).
    OMB Number: 1506-0057.
    Current Action: There is no change to the existing regulation.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Businesses or for-profit institutions, and non-
profit institutions.
    Burden: The estimated number of recordkeepers is 60,900. The 
average burden per recordkeeper is 7.5 hours, for a total estimated 
annual recordkeeping burden of 456,750 hours.
    8. Title: Records to be made and retained by financial institutions 
(31 CFR 1010.410 (Old Ref. 31 CFR 103.33) (except 1010.410(d) (Old Ref. 
31 CFR 103.33(d)) and 31 CFR 1010.430, (Old Ref. 31 CFR 103.38).
    OMB Number: 1506-0058.
    Current Action: There is no change to the existing regulation.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Businesses or for-profit institutions, and non-
profit institutions.
    The burden for this action will be as follows:
    31 CFR 1010.410(a)-(c). The estimated number of recordkeepers is 
22,900. The estimated annual recordkeeping burden per recordkeeper is 
50 hours, for a total estimated annual recordkeeping burden of 
1,145,000 hours.
    31 CFR 1010.410(e)-(f). The estimated number of recordkeepers is 
35,500. The estimated annual recordkeeping burden per recordkeeper is 
16 hours, for a total estimated annual recordkeeping burden of 568,000.
    31 CFR 1010.410(g). The estimated number of recordkeepers is 
35,500. The estimated annual recordkeeping burden per recordkeeper is 
12 hours, for a total estimated annual recordkeeping burden of 426,000, 
for a total of 2,139,000 hours.
    9. Title: Additional records to be made and retained by banks (31 
CFR 1020.410 (Old Ref. 31 CFR 103.34) and 31 CFR 1010.430 (Old Ref. 31 
CFR 103.38).
    OMB Number: 1506-0059.
    Current Action: There is no change to the existing regulation.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Businesses or for-profit institutions, and non-
profit institutions.
    Burden: The estimated number of recordkeepers is 22,900. The 
estimated annual recordkeeping burden per recordkeeper is 100 hours for 
a total annual recordkeeping burden of 2,290,000 hours.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a valid 
control number assigned by the Office of Management and Budget (OMB). 
Records required to be retained under the BSA must be retained for five 
years. Generally, information collected pursuant to the BSA is 
confidential but may be shared as provided by law with regulatory and 
law enforcement authorities.

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

[[Page 33415]]

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: May 31, 2011.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2011-14068 Filed 6-7-11; 8:45 am]
BILLING CODE 4810-02-P