Agency Information Collection Activities; Comment Request of the Proposed Changes to the Report of Foreign Bank and Financial Accounts Report, 14415-14420 [2013-04936]
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Federal Register / Vol. 78, No. 43 / Tuesday, March 5, 2013 / Notices
addresses the effects, if any, of the
abandonment on the environment and
historic resources. OEA will issue an
environmental assessment (EA) by
March 8, 2013. Interested persons may
obtain a copy of the EA by writing to
OEA (Room 1100, Surface
Transportation Board, Washington, DC
20423–0001) or by calling OEA, at (202)
245–0305. Assistance for the hearing
impaired is available through the
Federal Information Relay Service
(FIRS) at 1–800–877–8339. Comments
on environmental and historic
preservation matters must be filed
within 15 days after the EA becomes
available to the public.
Environmental, historic preservation,
public use, or trail use/rail banking
conditions will be imposed, where
appropriate, in a subsequent decision.
Pursuant to the provisions of 49 CFR
1152.29(e)(2), applicants shall jointly
file a notice of consummation with the
Board to signify that each has exercised
the authority granted and fully
abandoned its portion of the Line. If
consummation has not been effected by
applicants’ filing of a notice of
consummation by March 5, 2014, and
there are no legal or regulatory barriers
to consummation, the authority to
abandon will automatically expire.
Board decisions and notices are
available on our Web site at
www.stb.dot.gov.
contractor employees dedicated to
Government Performance and Results
Act goals is effective or if rebalancing is
required.
FOR FURTHER INFORMATION CONTACT: Jim
Sullivan Office of the Deputy Assistant
Secretary for Human Resources and
Chief Human Capital Officer
Department of the Treasury, 1500
Pennsylvania Avenue NW, Washington,
DC 20220, at (202) 622–9395 or
james.sullivan@treasury.gov.
Decided: February 28, 2013.
By the Board, Rachel D. Campbell,
Director, Office of Proceedings.
Derrick A. Gardner,
Clearance Clerk.
Financial Crimes Enforcement Network
In
accordance with Section 743 of Division
C of the FY 2010 Consolidated
Appropriations Act, Public Law (Pub.
L.) 111–117, agencies required to submit
an inventory in accordance with the
Federal Activities Inventory Reform Act
of 1998 (Pub. L. 105–270; 31 U.S.C. 501
note), other than the Department of the
Defense, shall also prepare an annual
service contract inventory. Treasury
submitted its inventory for FY 2012 to
the Office of Management and Budget
(OMB) on December 18, 2012.
SUPPLEMENTARY INFORMATION:
Dated: February 11, 2013.
Anita Blair,
Deputy Assistant Secretary for Human
Resources and Chief Human Capital Officer.
[FR Doc. 2013–05065 Filed 3–4–13; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Comment Request of the
Proposed Changes to the Report of
Foreign Bank and Financial Accounts
Report
[FR Doc. 2013–05043 Filed 3–4–13; 8:45 am]
BILLING CODE 4915–01–P
Financial Crimes Enforcement
Network (‘‘FinCEN’’), Department of the
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
DEPARTMENT OF THE TREASURY
Publication of Fiscal Year 2012 Service
Contract Inventory Analysis
Departmental Offices, Treasury.
ACTION: Notice of publication of Fiscal
Year 2012 Service Contract Inventory:
Analysis of the FY 2012 Inventory and
Planned Analysis of 2013.
emcdonald on DSK67QTVN1PROD with NOTICES
AGENCY:
SUMMARY: The Department of the
Treasury will make available to the
public at https://www.treasury.gov/
about/organizational-structure/offices/
Pages/Office-of-the-ProcurementExecutive.aspx (see Key Topics) the
Department’s Fiscal Year (FY) 2012
Service Contract Inventory analysis. The
analysis discusses Treasury initiatives
in court reporters and transcription
services for 2012. In 2013, Treasury
seeks to determine if its mix of Federal/
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18:34 Mar 04, 2013
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SUMMARY: FinCEN, a bureau of the U.S.
Department of the Treasury, invites all
interested parties to comment on its
proposed update to Form TD F 90–22.1,
Report of Foreign Bank and Financial
Accounts (‘‘FBAR’’). This request for
comments is made pursuant to the
Paperwork Reduction Act of 1995 (44
U.S.C. Chapter 35).
DATES: Written comments should be
received on or before May 6, 2013 to be
assured of consideration.
ADDRESSES: Direct all written comments
to: Regulatory Policy and Programs
Division, Financial Crimes Enforcement
Network, U.S. Department of the
Treasury, P.O. Box 39, Vienna, VA
22183, Attention: PRA Comments—
PO 00000
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14415
Update to the FBAR report. Comments
also may be submitted by electronic
mail to the following Internet address:
‘‘regcomments@fincen.gov’’ with the
caption in the body of the text,
‘‘Attention: PRA Comments— Update to
the FBAR report.’’
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:
Financial Crimes Enforcement Network,
Regulatory Policy and Programs
Division at (800) 949–2732. A copy of
Form TD F 90–22.1 reflecting the
proposed changes may be found at the
end of this notice.
Abstract:
The statute generally referred to as the
‘‘Bank Secrecy Act’’ (‘‘BSA’’), 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 and 5316–5332, 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 matters, or in the conduct of
intelligence or counter-intelligence
activities to protect against international
terrorism, and to implement countermoney laundering programs and
compliance procedures.1 Regulations
implementing Title II of the BSA appear
at 31 CFR Chapter X. The authority of
the Secretary to administer the BSA has
been delegated to the Director of
FinCEN.
The information collected on Form
TD F 90–22.1 (as well as other BSA
reporting and recordkeeping
requirements that are not the subject of
this notice) assist Federal, state, and
local law enforcement in the
identification, investigation, and
prosecution of individuals involved in
money laundering, the financing of
terrorism, tax evasion, narcotics
trafficking, organized crime, fraud,
embezzlement, and other crimes. The
information also assists in tax
SUPPLEMENTARY INFORMATION:
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
Act of 2001 (the ‘‘USA PATRIOT Act’’), P.L. 107–
56.
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Federal Register / Vol. 78, No. 43 / Tuesday, March 5, 2013 / Notices
check box to indicate if the preparer is
self-employed (item 51); the preparer’s
TIN and TIN Type (items 52 and 52a);
and a contact telephone number and
extension, if applicable, (items 53 and
53a). If the preparer is an employee of
a firm, the firm’s name and employer
identification number (‘‘EIN’’) are
entered in items 54 and 55. Finally, the
address (street number, city, state, ZIP/
Postal Code, and country) of the
preparer (if self-employed) or the firm is
entered in items 56 through 60.4
Title: Reports of foreign financial
accounts (31 CFR 1010.350).
OMB Control Number: 1506–0009
(The IRS’s OMB control number is
1545–2038).
Current Action: There is no change to
the existing regulations.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals,
businesses or for-profit institutions, and
non-profit institutions.
Estimate Number of Affected Filing
Individuals and Entities: 780,000.5
Estimated Recordkeeping and
Reporting Burden: Based on past filings,
30 minutes for recordkeeping and 45
minutes for report completion for a total
filing burden of 1 hour and fifteen
minutes (1:15).
Estimated Annual Recordkeeping and
Reporting Burden Hours: 975,000.6
2 The information collection addressed in this
notice is currently approved under Office of
Management and Budget (‘‘OMB’’) Control Number
1506–0009.
3 The date in item 46 will be entered
automatically if the FBAR is filed through the BSA
E-Filing Discrete (single report) Option. If the FBAR
is batch filed, the date must be manually entered
in the batch filing specifications’ 2a Record.
emcdonald on DSK67QTVN1PROD with NOTICES
collection, examination, and other
regulatory matters.2
Current Action: FinCEN is proposing
to update the current TD F 90–22.1
report to standardize it with other BSA
electronically filed reports and add the
capability for a third party preparer to
file the report should the owner of the
foreign account wish to employ this
option. To standardize the FBAR with
other BSA reports, FinCEN proposes to
add an item to record taxpayer
identification number (‘‘TIN’’) Type to
Part I, item 3a; Part I, item 4; Part III,
item 25a; Part IV, item 35a; and V, item
35a. The addition of a check box to
indicate that the amount is unknown is
added to Parts II, III, IV, and V in item
15a. FinCEN also proposes to add a new
item ‘‘Suffix’’ to Part I, item 8a; Part III,
item 28a; and Part IV, item 37a. This
update includes a revised signature
section. It adds item 44a, a check box
with the instruction ‘‘Check here [box
for checking] if this report is completed
by a 3rd party preparer and complete
item 46 and the third party preparer
section.’’ 3 A new section, ‘‘3rd Party
Preparer Use Only,’’ is added to the
report to support this method of filing.
The 3rd Party Preparer section consists
of the preparer’s last name, first name,
and middle initial (items 47, 48, and
49); preparer’s signature (item 50); a
4 If a third party preparer completes and files the
report, the report will be signed in item 50. If the
report is completed and filed by the owner of the
foreign account, the report will be signed in the
signature section, item 44.
5 This figure reflects the actual number of FBAR
filings in calendar year 2012.
6 780,000 reports × 1.25 hours per report =
975,000 hours.
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15:14 Mar 04, 2013
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Sfmt 4703
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 under
the BSA must be retained for five years.
Generally, information collected
pursuant to the BSA is confidential, but
it 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
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, 2013.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement
Network.
BILLING CODE 4810–02–P
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14420
[FR Doc. 2013–04936 Filed 3–4–13; 8:45 am]
BILLING CODE 4810–02–C
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
emcdonald on DSK67QTVN1PROD with NOTICES
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
VerDate Mar<15>2010
15:14 Mar 04, 2013
Jkt 229001
soliciting comments concerning
Treatment of Acquisition of Certain
Financial Institutions; Certain Tax
Consequences of Federal Financial
Assistance to Financial Institutions.
DATES: Written comments should be
received on or before May 6, 2013 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Yvette 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 regulation should be
directed to Martha R. Brinson at (202)
622–3869, or Martha.R.Brinson@irs.gov,
or Internal Revenue Service, Room
6129, 1111 Constitution Avenue NW.,
Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Treatment of Acquisition of
Certain Financial Institutions; Certain
Tax Consequences of Federal Financial
Assistance to Financial Institutions.
PO 00000
Frm 00157
Fmt 4703
Sfmt 4703
OMB Number: 1545–1300.
Regulation Project Number: TD 8641.
Abstract: Recipients of Federal
financial assistance (FFA) must
maintain an account of FFA that is
deferred from inclusion in gross income
and subsequently recaptured. This
information is used to determine the
recipient’s tax liability. Also, tax not
subject to collection must be reported
and information must be provided if
certain elections are made.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and the Federal
Government.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 4
hours, 24 minutes.
Estimated Total Annual Burden
Hours: 2,200.
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Federal Register / Vol. 78, No. 43 / Tuesday, March 5, 2013 / Notices
Agencies
[Federal Register Volume 78, Number 43 (Tuesday, March 5, 2013)]
[Notices]
[Pages 14415-14420]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-04936]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection Activities; Comment Request of the
Proposed Changes to the Report of Foreign Bank and Financial Accounts
Report
AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Department
of the Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: FinCEN, a bureau of the U.S. Department of the Treasury,
invites all interested parties to comment on its proposed update to
Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts
(``FBAR''). This request for comments is made pursuant to the Paperwork
Reduction Act of 1995 (44 U.S.C. Chapter 35).
DATES: Written comments should be received on or before May 6, 2013 to
be assured of consideration.
ADDRESSES: Direct all written comments to: Regulatory Policy and
Programs Division, Financial Crimes Enforcement Network, U.S.
Department of the Treasury, P.O. Box 39, Vienna, VA 22183, Attention:
PRA Comments--Update to the FBAR report. Comments also may be submitted
by electronic mail to the following Internet address:
``regcomments@fincen.gov'' with the caption in the body of the text,
``Attention: PRA Comments-- Update to the FBAR report.''
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: Financial Crimes Enforcement Network,
Regulatory Policy and Programs Division at (800) 949-2732. A copy of
Form TD F 90-22.1 reflecting the proposed changes may be found at the
end of this notice.
SUPPLEMENTARY INFORMATION: Abstract: The statute generally referred to
as the ``Bank Secrecy Act'' (``BSA''), 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 and 5316-5332, 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 matters, 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 BSA appear at 31 CFR Chapter X. The authority of the
Secretary to administer the BSA has 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 Act of 2001 (the ``USA PATRIOT
Act''), P.L. 107-56.
---------------------------------------------------------------------------
The information collected on Form TD F 90-22.1 (as well as other
BSA reporting and recordkeeping requirements that are not the subject
of this notice) assist Federal, state, and local law enforcement in the
identification, investigation, and prosecution of individuals involved
in money laundering, the financing of terrorism, tax evasion, narcotics
trafficking, organized crime, fraud, embezzlement, and other crimes.
The information also assists in tax
[[Page 14416]]
collection, examination, and other regulatory matters.\2\
---------------------------------------------------------------------------
\2\ The information collection addressed in this notice is
currently approved under Office of Management and Budget (``OMB'')
Control Number 1506-0009.
---------------------------------------------------------------------------
Current Action: FinCEN is proposing to update the current TD F 90-
22.1 report to standardize it with other BSA electronically filed
reports and add the capability for a third party preparer to file the
report should the owner of the foreign account wish to employ this
option. To standardize the FBAR with other BSA reports, FinCEN proposes
to add an item to record taxpayer identification number (``TIN'') Type
to Part I, item 3a; Part I, item 4; Part III, item 25a; Part IV, item
35a; and V, item 35a. The addition of a check box to indicate that the
amount is unknown is added to Parts II, III, IV, and V in item 15a.
FinCEN also proposes to add a new item ``Suffix'' to Part I, item 8a;
Part III, item 28a; and Part IV, item 37a. This update includes a
revised signature section. It adds item 44a, a check box with the
instruction ``Check here [box for checking] if this report is completed
by a 3rd party preparer and complete item 46 and the third party
preparer section.'' \3\ A new section, ``3rd Party Preparer Use Only,''
is added to the report to support this method of filing. The 3rd Party
Preparer section consists of the preparer's last name, first name, and
middle initial (items 47, 48, and 49); preparer's signature (item 50);
a check box to indicate if the preparer is self-employed (item 51); the
preparer's TIN and TIN Type (items 52 and 52a); and a contact telephone
number and extension, if applicable, (items 53 and 53a). If the
preparer is an employee of a firm, the firm's name and employer
identification number (``EIN'') are entered in items 54 and 55.
Finally, the address (street number, city, state, ZIP/Postal Code, and
country) of the preparer (if self-employed) or the firm is entered in
items 56 through 60.\4\
---------------------------------------------------------------------------
\3\ The date in item 46 will be entered automatically if the
FBAR is filed through the BSA E-Filing Discrete (single report)
Option. If the FBAR is batch filed, the date must be manually
entered in the batch filing specifications' 2a Record.
\4\ If a third party preparer completes and files the report,
the report will be signed in item 50. If the report is completed and
filed by the owner of the foreign account, the report will be signed
in the signature section, item 44.
---------------------------------------------------------------------------
Title: Reports of foreign financial accounts (31 CFR 1010.350).
OMB Control Number: 1506-0009 (The IRS's OMB control number is
1545-2038).
Current Action: There is no change to the existing regulations.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals, businesses or for-profit
institutions, and non-profit institutions.
Estimate Number of Affected Filing Individuals and Entities:
780,000.\5\
---------------------------------------------------------------------------
\5\ This figure reflects the actual number of FBAR filings in
calendar year 2012.
---------------------------------------------------------------------------
Estimated Recordkeeping and Reporting Burden: Based on past
filings, 30 minutes for recordkeeping and 45 minutes for report
completion for a total filing burden of 1 hour and fifteen minutes
(1:15).
Estimated Annual Recordkeeping and Reporting Burden Hours:
975,000.\6\
---------------------------------------------------------------------------
\6\ 780,000 reports x 1.25 hours per report = 975,000 hours.
---------------------------------------------------------------------------
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 under the BSA must be retained for five years. Generally,
information collected pursuant to the BSA is confidential, but it 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 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, 2013.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
BILLING CODE 4810-02-P
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[FR Doc. 2013-04936 Filed 3-4-13; 8:45 am]
BILLING CODE 4810-02-C