Agency Information Collection Activities; Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection, 43234-43238 [2013-17352]

Download as PDF 43234 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request National Credit Union Administration (NCUA). ACTION: Request for comment. AGENCY: The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. NCUA has authorized federal credit unions to advance money to members to cover account deficits without having a credit application on file if the credit union has a written overdraft policy. 12 CFR 701.21(c)(3). NCUA has also authorized federally insured credit unions to offer lending-related incentive pay to employees, provided they establish written policies regarding such plans. 12 CFR 701.21(c)(8). DATES: Comments will be accepted until September 17, 2013. ADDRESSES: Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Contact: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. SUPPLEMENTARY INFORMATION: emcdonald on DSK67QTVN1PROD with NOTICES SUMMARY: I. Abstract and Request for Comments NCUA is reinstating the collection of information for 3133–0139. NCUA has authorized federal credit unions to advance money to members to cover account deficits without having a credit application on file if the credit union has a written overdraft policy. 12 CFR 701.21(c)(3). NCUA believes a written policy is necessary to ensure safety and VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 soundness in the credit union industry and to protect the interests of credit union members where a federal credit union provides overdraft protection to a member without having his or her credit application on file. NCUA has also authorized federally insured credit unions to offer lending-related incentive pay to employees, provided they establish written policies regarding such plans. 12 CFR 701.21(c)(8). NCUA believes those written policies are necessary to ensure a plan is fully considered before being adopted and for the examination process. NCUA examiners use the information in these policies to review for safety and soundness. This submission represents an adjustment to the recordkeeping hour and cost burden since the last submission. Based on information in March 2013 call reports, we estimate approximately 1,725 federal credit unions are required to have written overdraft policies and approximately 575 federally insured credit unions are required to have written policies for lending-related employee incentive pay plans. The NCUA requests that you send your comments on this collection to the location listed in the addresses section. Your comments should address: (a) The necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden (hours and cost) of the collection of information, including the validity of the methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the collection of the information on the respondents such as through the use of automated collection techniques or other forms of information technology. It is NCUA’s policy to make all comments available to the public for review. II. Data Title: Organization and Operations of Federal Credit Unions (12 CFR part 701), (previously titled Overdraft and Lending-Related Employee Incentive Pay Plan Policies). OMB Number: 3133–0139. Form Number: None. Type of Review: Reinstatement, with change, of a previously approved collection. Description: Federal credit unions wishing to advance money to members to cover account deficits without having a credit application on file must establish a written overdraft policy. Federally insured credit unions wishing PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 to pay lending-related incentives to employees must establish written policies. Respondents: Certain Federal and federally insured credit unions. Estimated No. of Respondents/ Recordkeepers: 2,300. Estimated Burden Hours per Response: 3 hours for overdraft policy and 2 hours for lending-related employee incentive pay plan policies. Frequency of Response: On occasion. Estimated Total Annual Burden Hours: 6,325 hours. Estimated Total Annual Cost: $158,125. By the National Credit Union Administration Board, on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17350 Filed 7–18–13; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities; Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection Notice and request for comments. ACTION: The NCUA, as part of their continuing effort to reduce paperwork and respondent burden, invite the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). NCUA is soliciting comments concerning the Suspicious Activity Report (SAR). As Bank Secrecy Act (BSA) administrator, the Financial Crimes Enforcement Network (FinCEN) transitioned from a system originally designed for collecting industry specific paper forms to a modernized information technology environment centered on electronic reporting. Based on financial institution type, depository institutions, brokerdealers in securities, futures commission merchants and introducing brokers in commodities, insurance companies, mutual funds, money services businesses, and casinos currently filed reports on four separate forms. FinCEN’s objective is to have one electronically-filed dynamic and interactive BSA–SAR that will be used by all filing institutions to report suspicious activity as of April 1, 2013. There are no proposed changes to the regulatory reporting criteria for information collection. Federally SUMMARY: E:\FR\FM\19JYN1.SGM 19JYN1 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices insured credit unions will continue to follow the regulation, interagency guidance, and filing instructions to determine when a report should be filed and what information should be included on the report. The interactive BSA–SAR includes several new data fields and introduces data fields from the SARs of other industries. On March 29, 2012, FinCEN released guidance 1 titled, ‘‘Filing FinCEN’s new Currency Transaction Report and Suspicious Activity Report’’. This guidance clarified expectations and notes that FinCEN is making available additional and more specific data elements (i.e., characterizations of suspicious activity and types of financial services) as a more efficient way to bring information about suspicious activity to the attention of FinCEN and law enforcement. The guidance clarified the addition of new and expanded data elements; however, the guidance does not create an expectation that financial institutions will revise internal programs, or develop new programs, to capture information that reflects the expanded lists. Additional information about the paperwork burden associated with these requirements, including statutory and regulatory history, a description of the reporting requirements, and how the estimated total annual burden was calculated, is discussed below. emcdonald on DSK67QTVN1PROD with NOTICES Background and Justification Since 1996, the federal banking agencies 2 and FinCEN have required certain types of financial institutions to report known or suspected violations of law and suspicious transactions. To fulfill these requirements, supervised banking organizations file Suspicious Activity Reports.3 Law enforcement agencies use the information submitted on the reporting form to initiate investigations and Federal Reserve staff use the information in the examination and oversight of supervised institutions. The NCUA’s suspicious activity reporting rules apply to all federally insured credit unions. The NCUA is only responsible for the paperwork burden imposed on these institutions. Other federal banking agencies account for the paperwork burden for the 1 https://www.fincen.gov/statutes_regs/guidance/ pdf/FIN-2012-G002.pdf. 2 The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration. 3 In 1996, the NCUA, together with the other federal banking agencies issued nearly identical regulations to implement the SAR process for banking organizations. VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 institutions they supervise. The annual burden per respondent varies depending on the nature of the activity being reported. The suspicious activity report filing requirement became effective on April 1, 1996. Prior to the effective date, the NCUA, the other federal banking agencies, and FinCEN each issued new and nearly identical rules mandating the use of the interagency SAR–DI for the reporting of suspicious activities. In separate actions, FinCEN also enacted regulations requiring other types of financial institutions, such as brokers or dealers in securities and futures; money services businesses (money transmitters; issuers and sellers of money orders and travelers’ checks; check cashers, and dealers in foreign exchange); casinos and card clubs; and insurance companies to file reports on suspicious activities. In January 2003, check boxes were added to Part III of the SAR–DI to note terrorist financing and identity theft as suspicious activities and the safe harbor language in the instructions was updated to reflect changes made by the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001. In 2006, the SAR–DI form was revised to support a new joint filing initiative aimed at reducing the total number of duplicate reports filed for a single suspicious transaction. On May 1, 2007, FinCEN published a Federal Register notice (72 FR 23891) 4 announcing the delayed implementation of these revisions, which ultimately were never implemented. On July 15, 2011, FinCEN received final approval of the BSA–SAR 5 from the Office of Management and Budget which concluded FinCEN’s October 15, 2010, request for comment. Description of Information Collection Federally insured credit unions follow the SAR instructions to determine when a SAR should be filed and what information should be included on the SAR. Proposed Revisions The BSA–SAR would integrate four institution specific SARs into one universal data collection. The previous five parts of the SAR–DI remain with changes to their titles and placement in order of completion. The proposed BSA–SAR is described below by form Part. Fields from other 4 https://www.fincen.gov/statutes_regs/frn/pdf/ sar_fr_notice.pdf. 5 https://www.reginfo.gov/public/do/ PRAViewICR?ref_nbr=201104-1506-002. PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 43235 industry SARs that may be new to depository institutions as well as specific data fields that are new to all types of industry filers have been identified. In the description provided below, questions for which an answer must be provided (referred to as ‘‘critical fields’’) are identified with the * symbol in front of the data element number. Type of Filing Field 1 is the Type of Filing and it would require the filer to designate the category that best describes the filing from the choices of: * 1. Check all that apply—a. Initial report; b. Correct/amend prior report; c. Continuing activity report; d. Joint report; e. Prior report document control/ file number if 1b or 1c are checked On the current SAR–DI there is only one choice in data field 1 for those reports that corrected a prior report. Part I: Subject Information Part I is titled Subject Information and would require the filer to provide information for each subject involved in the suspicious activity. Subject Information is titled Suspect Information on the current SAR–DI. As with the existing SAR–DI, multiple subjects may be included in Part I. Each of the critical fields (*) in this Part have a new check box that may be used if the information is unknown. If that box is checked, the filer would not need to enter any information in that field. In Part I, with the exception of the unknown check box, these data fields would remain the same with no additions or changes from the SAR–DI: * 3. Individual’s last name or entity’s legal name—a. (check if) unknown * 4. First name—a. (check if) unknown 5. Middle initial (middle name for electronic filers) 7. Occupation or type of business * 8. Address—a. (check if) unknown * 9. City—a. (check if) unknown * 10. State—a. (check if) unknown * 11. ZIP/Postal Code—a. (check if) * 12. Country Code—a. (check if) unknown * 13. TIN—a. (check if) unknown * 16. Date of birth mm/dd/yyyy—a. (check if) unknown Listed below are the remaining data fields in Part I that would be considered new data fields or data fields that would be modified. 2. Check—a. If entity; b. If all critical (*) subject information is unavailable (If 2b is checked this Part may be left blank) 5a. Gender—b. (Check if) Male; c. (Check if) Female; d. (Check if) Unknown E:\FR\FM\19JYN1.SGM 19JYN1 43236 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices emcdonald on DSK67QTVN1PROD with NOTICES 6. Alternate name, e.g. AKA for an Individual or DBA for an Entity 7a. NAICS Code (North American Industry Classification system code that corresponds to 7) 14. TIN type (* if 13 is completed)—a. EIN; b. SSN–ITIN; c. Foreign * 15. Form of identification for subject— a. (check if) unknown (or not obtained); b. (check if) Driver’s license/state ID; c. (check if) Passport; d. (check if) Alien registration; e. Number; f. Issuing state; g. Issuing country; z. (check if) Other 17. Phone number type—a. (check if) Home; b. (check if) Work; c. (check if) Mobile; d. (check if) Fax 18. Phone number—a. Extension (if any) 19. Email address (if available) 19a. Web site (URL) address (if available) 20. Corroborative statement to filer?—a. (check if) Yes; b. (check if) No (This was Admission/Confession on the SAR–DI) 21. Relationship of the subject to the filing institution (check all that apply)—a. Institution TIN; b. Accountant; c. Agent; d. Appraiser; e. Attorney; f. Borrower; g. Customer; h. Director; i. Employee; j. No relationship to institution; k. Officer; l. Owner or Controlling Shareholder; z. Other 22. If item 21h, 21i, 21j, or 21k is checked, indicate status of relationship—a. (check if) Relationship continues; b. (check if) Terminated; c. (check if) Suspended/barred; d. (check if) Resigned 23. Action date if 22 b, c, or d is checked * 24. Financial Institution EIN and account number(s) affected that are related to subject, if any—a. (check if) No known account involved; b. (check if) Non-US Financial Institution; c. TIN; d. account number; e. (check if) closed; 25. Subject’s role in suspicious activity (if applicable); a. (check if) Purchaser/Sender; b. (check if) Payee/Receiver; c. (check if) Both a &b Part II—Suspicious Activity Information Part II, Suspicious Activity Information, would require the filer to describe the suspicious activity that occurred. Part II items would cover all filer institution types so all filers would see field options that may not pertain to their report (such as casino activities). Filers would only be required to complete those items that apply to their institution and pertain to the report being filed. VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 In Part II, with the exception of the unknown check box, these data fields would remain the same as the current SAR–DI: * 27. Date or date range of suspicious activity for this report—a. From: mm/dd/yyyy; b. To: mm/dd/yyyy The remaining data fields in this Part, specifically the characterizations of suspicious activity, would be modified and expanded when compared to the current SAR–DI. There are now ten general categories and each category would be further broken down to specific types of suspicious activity. * 26. Amount involved in this report— a. (check if) Amount unknown; b. (check if) No amount involved. 28. Cumulative amount only if box 1c (continuing activity report) is checked 29. Structuring—a. Alters transaction to avoid BSA recordkeeping requirement; b. Alters transactions to avoid CTR requirement; c. Customer cancels transaction to avoid BSA reporting and recordkeeping requirements; d. Multiple transactions below BSA recordkeeping threshold; e. Multiple transactions below CTR threshold; f. Suspicious inquiry by customer regarding BSA reporting or recordkeeping requirements; z. Other (specify type of suspicious activity in space provided) 30. Terrorist Financing—a. Known or suspected terrorist/terrorist organization; z. Other (specify type of suspicious activity in space provided) 31. Fraud (Type)—a. ACH; b. Business loan; c. Check; d. Consumer loan; e. Credit/Debit card; f. Healthcare; g. Mail; h. Mass-marketing; i. Pyramid scheme; j. Wire; z. Other (specify type of suspicious activity in space provided) 32. Casinos—a. Inquiry about end of business day; b. Minimal gaming with large transactions; c. Suspicious intra-casino funds transfers; d. Suspicious use of counter checks or markers; z. Other (specify type of suspicious activity in space provided) 33. Money laundering—a. Exchanges small bills for large bills or vice versa; b. Suspicion concerning the physical condition of funds; c. Suspicion concerning the source of funds; d. Suspicious designation of beneficiaries, assignees or joint owners; e. Suspicious EFT/wire transfers; f. Suspicious exchange of currencies; g. Suspicious receipt of government payments/benefits; h. Suspicious use of multiple PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 accounts; i. Suspicious use of noncash monetary instruments; j. Suspicious use of third-party transactors (straw-man); k. Trade Based Money Laundering/Black Market Peso Exchange; l. Transaction out of pattern for customer(s); z. Other (specify type of suspicious activity in space provided) 34. Identification/Documentation—a. Changes spelling or arrangement of name; b. Multiple individuals with same or similar identities; c. Provided questionable or false documentation; d. Refused or avoided request for documentation; e. Single individual with multiple identities; z. Other 35. Other suspicious activities—a. Account takeover; b. Bribery or gratuity; c. Counterfeit instruments; d. Elder financial exploitation; e. Embezzlement/theft/disappearance of funds; f. Forgeries; g. Identity theft; h. Little or no concern for product performance penalties, fees, or tax consequences; i. Misuse of ‘‘free look’’/cooling off/right of rescission; j. Misuse of position or self-dealing; k. Suspected public/ private corruption (domestic); l. Suspected public/private corruption (foreign); m. suspicious use of informal value transfer system; n. Suspicious use of multiple transaction locations; o. Transaction with no apparent economic, business, or lawful purpose; p. Two or more individuals working together; q. Unauthorized electronic intrusion; r. Unlicensed or unregistered MSB; z. Other (specify type of suspicious activity in space provided) 36. Insurance—a. Excessive insurance; b. Excessive or unusual cash borrowing against policy/annuity; c. Proceeds sent to or received unrelated third party; d. Suspicious life settlement sales insurance (e.g. STOLI’s, Viaticals); e. Suspicious termination of policy or contract; f. Unclear or no insurable interest; z. Other (specify type of suspicious activity in space provided) 37. Securities/Futures/Options—a. Insider trading; b. Market manipulation/wash trading; c. Misappropriation; d. Unauthorized pooling; z. Other (specify type of suspicious activity in space provided) 38. Mortgage fraud—a. Appraisal fraud; b. Foreclosure fraud; c. Loan modification fraud; d. Reverse mortgage fraud; z. Other 39. Were any of the following instrument/product type(s) E:\FR\FM\19JYN1.SGM 19JYN1 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices emcdonald on DSK67QTVN1PROD with NOTICES involved in the suspicious activity? Check all that apply: a. Bonds/ Notes; b. Commercial mortgage; c. Commercial paper; d. Credit card; e. Debit card; f. Forex transactions; g. Futures/Options on futures; h. Hedge fund; i. Home equity loan; j. Home equity line of credit; k. Insurance/Annuity products; l. Mutual fund; m. Options on securities; n. Penny stocks/ Microcap securities; o. Prepaid access; p. Residential mortgage; q. Security futures products; r. Stocks; s. Swap, hybrid or other derivative; z. Other (specify type in space provided) 40. Were any of the following instrument type(s)/payment mechanism(s) involved in the suspicious activity? Check all that apply—a. Bank/Cashier’s check; b. Foreign currency; c. Funds transfer; d. Gaming instruments; e. Government payment; f. Money orders; g. Personal/Business check; h. Travelers check; i. U.S. Currency; z. Other (specify type in space provided) 41. Commodity type (if applicable) 42. Product/Instrument description (if needed) 43. Market where traded (list of codes will be provided—dropdown menu for electronic filers) 44. IP Address (if available) (multiple entries allowed for electronic filers) 45. CUSIP number (multiple entries allowed for electronic filers) 46. CUSIP number (multiple entries allowed for electronic filers) Part III—Information About Financial Institution Where Activity Occurred Part III information would be about the financial institution(s) where the suspicious activity occurred. A separate Part III record would be completed on each financial institution involved in the suspicious activity. The data fields in Part III would be modified and expanded when compared to the current SAR–DI. * 47. Type of financial institution (check only one)—a. Casino/Card club; b. Depository institution; c. Insurance company; d. MSB; e. Securities/ Futures; z. Other (specify type of institution in space provided) * 48. Primary Federal Regulator—A = Commodities Futures Trading Commission (CFTC); B = Federal Reserve Board (FRB); C = Federal Deposit Insurance Corporation (FDIC); D = Internal Revenue Service (IRS); E = National Credit Union Administration (NCUA); F = Office of the Comptroller of the Currency (OCC); G = Securities and VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 Exchange Commission (SEC); Z = Not Applicable 49. If item 47a is check indicate type (Check only one)—a. State licensed casino; b. Tribal authorized casino; c. Card club; d. Other (specify) 50. If item 47e is checked, indicate type of Securities and Futures institution or individual where activity occurred—check box(es) for functions that apply to this report— a. Clearing broker-securities; b. Futures Commission Merchant; c. Holding company; d. Introducing broker-commodities; e. Introducing broker-securities; f. Investment Advisor; g. Investment company; h. Retail foreign exchange dealer; i. Subsidiary of financial/bank holding company; z. Other (specify type of institution or individual in space provided) 51. Financial institution identification number (Check one box to indicate type)—a. (check if) CRD number; b. (check if) IARD number; c. (check if) NFA number; d. (check if) RSSD number; e. (check if) SEC number; f. Identification number 52. Financial institution’s role in transaction (if applicable)—a. (check if) Selling location; b. (check if) Paying location; (check if) Both a&b * 53. Legal name of financial institution—a. (check if) unknown 54. Alternate name, e.g., AKA— individual or trade name, DBA— entity * 55. TIN—a. (check if) unknown 56. TIN type (* if 55 is completed)—a. EIN; b. SSN–ITIN; c. Foreign * 57. Address—a. (check if) unknown * 58. City—a. (check if) unknown 59. State * 60 ZIP/Postal Code—a. (check if) unknown * 61. Country 62. Internal control/file number 63. Loss to financial institution (if applicable) 64. Branch’s role in transaction (if applicable)—a. (check if) Selling location; b. (check if) Paying location; c. (check if) Both a & b * 65. Address of branch or office where activity occurred—a. (if no branch activity involved, check box a) 66. RSSD number (of the branch) 67. City 68. State 69. ZIP/Postal Code 70. Country (2 letter code—list provided) Part IV—Filing Institution Contact Information Part IV information would be about the lead financial institution or holding PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 43237 company that is filing the BSA–SAR. There would be only one Part IV record for each filing. Part IV would take fields previously contained in Part I, Part III, and Part IV on the SAR–DI as well as added new fields. * 78. Primary Federal Regulator—A = Commodities Futures Trading Commission (CFTC); B = Federal Reserve Board (FRB); C = Federal Deposit Insurance Corporation (FDIC); D = Internal Revenue Service (IRS); E = National Credit Union Administration (NCUA); F = Office of the Comptroller of the Currency (OCC); G = Securities and Exchange Commission (SEC); Z = Not Applicable * 79. Filer name (Holding company, lead financial institution) * 80. TIN * 81. TIN type—a. EIN; b. SSN/ITIN; c. Foreign * 82. Type of financial institution (check only one)—a. Casino/Card club; b. Depository institution; c. Insurance company; d. MSB; e. Securities/ Futures; z. Other (specify type of institution in space provided) 83. Type of Securities and Futures institution or individual filing this report-check box(es) for function that apply to this report—a. Clearing broker—securities; b. CPO/ CTA; c. Futures Commission Merchant; d. Holding company; e. Introducing broker—commodities; f. Introducing broker—securities; g. Investment Adviser; h. Investment company; i. Retail foreign exchange dealer; j. SRO Futures; k. SRO Securities; l. Subsidiary of financial/bank holding company; z. Other (specify type of institution or individual in space provided) 84. Filing institution identification number (Check one box to indicate type)—a. (check if) CRD number; b. (check if) IARD number; c. (check if) NFA number; d. (check if) RSSD number; e. (check if) SEC number; f. Identification number * 85. Address * 86. City 87. State * 88. ZIP/Postal Code * 89. Country 90. Alternate name, e.g., AKA— individual or trade name, DBA— entity 91. Internal control/file number 92. LE contact agency 93. LE contact name 94. LE contact phone number—a. Extension (if any) 95. LE contact date * 96. Designated contact office * 97. Designated contact office phone number including area code—a. Extension (if any) E:\FR\FM\19JYN1.SGM 19JYN1 43238 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices * 98. Date filed Part V—Suspicious Activity Information Explanation/Description Part V would require the filer to provide a chronological and complete narrative account of the activity, including what is unusual, irregular, or suspicious about the activity. In the BSA–SAR this part would be a text file that is limited to 17,000 characters (approximately six pages). Institutions may, but are not required to, attach a MS Excel-compatible file (no larger than 1 MB) providing details in tabular form of transactions subject to the suspicious activity discussed in the text file. Consultation Outside the Agency As set forth above, the SAR was originally developed in 1996 by an interagency group that consisted of the federal banking agencies, the U.S. Departments of Justice and Treasury, and several law enforcement agencies. The general framework of the BSA–SAR report and revisions to the BSA–SAR data elements have been discussed on an interagency basis. Estimate of Respondent Burden The burden per institution varies depending on the nature of the activity being reported. Because of these changes to the BSA–SAR, the estimated average burden would increase to 2 hours per response. Between January 1, 2012, and December 31, 2012, federally insured credit unions filed 67,537 6 SARs. Based on this data the annual reporting burden for the federally insured credit unions is estimated to be 135,074 hours with the proposed revisions. DATES: Written comments should be received on or before September 17, 2013. Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Contact: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the collection, or a copy of submitted comments should be directed emcdonald on DSK67QTVN1PROD with NOTICES ADDRESSES: 6 The SAR Activity Review—By the Numbers; Issue 18 VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. SUPPLEMENTARY INFORMATION: Title: Suspicious Activity Report by Depository Institutions (SAR). OMB Control Numbers: 3133–0094. Form Numbers: 2362. Abstract: In 1985, the Banking Supervisory Agencies issued procedures to be used by banks and certain other financial institutions operating in the United States to report known or suspected criminal activities to the appropriate law enforcement and Banking Supervisory Agencies. Beginning in 1994, the Banking Supervisory Agencies and FinCEN redesigned the reporting process resulting in the Suspicious Activity Report, which became effective in April 1996. The report is authorized by 12 CFR 748.1 (NCUA). The regulation was issued under the authority contained in 1789(a) (NCUA). Current Action: NCUA proposes to renew, with revision, the previously approved form. Type of Review: Reinstatement of a previously approved collection. Affected Public: Business, for-profit institutions, and non-profit institutions. Estimated Number of Respondents: 6,753. Estimated Total Annual Responses: 67,537. Estimated Total Annual Burden: at an estimated 2 hours per form, Total Annual Burden is 135,074 hours. Records required to be retained under the Bank Secrecy Act and these regulations issued by the Banking Supervisory Agencies must be retained for five years. Generally, information collected pursuant to the Bank Secrecy Act 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 Office of Management and Budget 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 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 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. By the National Credit Union Administration Board on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17352 Filed 7–18–13; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, Without Change, of a Previously Approved Collection; Comment Request National Credit Union Administration (NCUA). ACTION: Request for comment. AGENCY: The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. The information collection applies to credit unions that engage in member business lending and requires written loan policies that address the various aspects of the member business loan program. Credit unions desiring a waiver from appraisal requirements, aggregate construction and development loan, loan-to-value ratios, personal liability and guarantee requirements, unsecured lending limits to one borrower, aggregate unsecured lending limits, or outstanding loans to one borrower limits of Part 723 must submit certain information to NCUA for consideration. Finally, a credit union seeking regulatory approval to purchase certain business loans in addition to those, which are statutorily limited, must submit certain information to NCUA for consideration. DATES: Comments will be accepted until September 17, 2013. ADDRESSES: Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Contact: Office of Management and Budget, ATTN: Desk Officer for the SUMMARY: E:\FR\FM\19JYN1.SGM 19JYN1

Agencies

National Credit Union Administration

[Federal Register Volume 78, Number 139 (Friday, July 19, 2013)]
[Notices]
[Pages 43234-43238]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-17352]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities; Submission to OMB for 
Reinstatement, With Change, of a Previously Approved Collection

ACTION: Notice and request for comments.

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SUMMARY: The NCUA, as part of their continuing effort to reduce 
paperwork and respondent burden, invite the general public and other 
Federal agencies to take this opportunity to comment on information 
collections, as required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3506(c)(2)(A)). NCUA is soliciting comments 
concerning the Suspicious Activity Report (SAR). As Bank Secrecy Act 
(BSA) administrator, the Financial Crimes Enforcement Network (FinCEN) 
transitioned from a system originally designed for collecting industry 
specific paper forms to a modernized information technology environment 
centered on electronic reporting. Based on financial institution type, 
depository institutions, broker-dealers in securities, futures 
commission merchants and introducing brokers in commodities, insurance 
companies, mutual funds, money services businesses, and casinos 
currently filed reports on four separate forms. FinCEN's objective is 
to have one electronically-filed dynamic and interactive BSA-SAR that 
will be used by all filing institutions to report suspicious activity 
as of April 1, 2013.
    There are no proposed changes to the regulatory reporting criteria 
for information collection. Federally

[[Page 43235]]

insured credit unions will continue to follow the regulation, 
interagency guidance, and filing instructions to determine when a 
report should be filed and what information should be included on the 
report.
    The interactive BSA-SAR includes several new data fields and 
introduces data fields from the SARs of other industries. On March 29, 
2012, FinCEN released guidance \1\ titled, ``Filing FinCEN's new 
Currency Transaction Report and Suspicious Activity Report''. This 
guidance clarified expectations and notes that FinCEN is making 
available additional and more specific data elements (i.e., 
characterizations of suspicious activity and types of financial 
services) as a more efficient way to bring information about suspicious 
activity to the attention of FinCEN and law enforcement. The guidance 
clarified the addition of new and expanded data elements; however, the 
guidance does not create an expectation that financial institutions 
will revise internal programs, or develop new programs, to capture 
information that reflects the expanded lists.
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    \1\ https://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2012-G002.pdf.
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    Additional information about the paperwork burden associated with 
these requirements, including statutory and regulatory history, a 
description of the reporting requirements, and how the estimated total 
annual burden was calculated, is discussed below.

Background and Justification

    Since 1996, the federal banking agencies \2\ and FinCEN have 
required certain types of financial institutions to report known or 
suspected violations of law and suspicious transactions. To fulfill 
these requirements, supervised banking organizations file Suspicious 
Activity Reports.\3\ Law enforcement agencies use the information 
submitted on the reporting form to initiate investigations and Federal 
Reserve staff use the information in the examination and oversight of 
supervised institutions.
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    \2\ The Board of Governors of the Federal Reserve System, the 
Office of the Comptroller of the Currency, the Federal Deposit 
Insurance Corporation, and the National Credit Union Administration.
    \3\ In 1996, the NCUA, together with the other federal banking 
agencies issued nearly identical regulations to implement the SAR 
process for banking organizations.
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    The NCUA's suspicious activity reporting rules apply to all 
federally insured credit unions. The NCUA is only responsible for the 
paperwork burden imposed on these institutions. Other federal banking 
agencies account for the paperwork burden for the institutions they 
supervise. The annual burden per respondent varies depending on the 
nature of the activity being reported.
    The suspicious activity report filing requirement became effective 
on April 1, 1996. Prior to the effective date, the NCUA, the other 
federal banking agencies, and FinCEN each issued new and nearly 
identical rules mandating the use of the interagency SAR-DI for the 
reporting of suspicious activities. In separate actions, FinCEN also 
enacted regulations requiring other types of financial institutions, 
such as brokers or dealers in securities and futures; money services 
businesses (money transmitters; issuers and sellers of money orders and 
travelers' checks; check cashers, and dealers in foreign exchange); 
casinos and card clubs; and insurance companies to file reports on 
suspicious activities.
    In January 2003, check boxes were added to Part III of the SAR-DI 
to note terrorist financing and identity theft as suspicious activities 
and the safe harbor language in the instructions was updated to reflect 
changes made by the Uniting and Strengthening America by Providing 
Appropriate Tools Required to Intercept and Obstruct Terrorism (USA 
PATRIOT) Act of 2001. In 2006, the SAR-DI form was revised to support a 
new joint filing initiative aimed at reducing the total number of 
duplicate reports filed for a single suspicious transaction. On May 1, 
2007, FinCEN published a Federal Register notice (72 FR 23891) \4\ 
announcing the delayed implementation of these revisions, which 
ultimately were never implemented.
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    \4\ https://www.fincen.gov/statutes_regs/frn/pdf/sar_fr_notice.pdf.
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    On July 15, 2011, FinCEN received final approval of the BSA-SAR \5\ 
from the Office of Management and Budget which concluded FinCEN's 
October 15, 2010, request for comment.
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    \5\ https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201104-1506-002.
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Description of Information Collection

    Federally insured credit unions follow the SAR instructions to 
determine when a SAR should be filed and what information should be 
included on the SAR.

Proposed Revisions

    The BSA-SAR would integrate four institution specific SARs into one 
universal data collection. The previous five parts of the SAR-DI remain 
with changes to their titles and placement in order of completion.
    The proposed BSA-SAR is described below by form Part. Fields from 
other industry SARs that may be new to depository institutions as well 
as specific data fields that are new to all types of industry filers 
have been identified. In the description provided below, questions for 
which an answer must be provided (referred to as ``critical fields'') 
are identified with the * symbol in front of the data element number.

Type of Filing

    Field 1 is the Type of Filing and it would require the filer to 
designate the category that best describes the filing from the choices 
of:
    * 1. Check all that apply--a. Initial report; b. Correct/amend 
prior report; c. Continuing activity report; d. Joint report; e. Prior 
report document control/file number if 1b or 1c are checked
    On the current SAR-DI there is only one choice in data field 1 for 
those reports that corrected a prior report.

Part I: Subject Information

    Part I is titled Subject Information and would require the filer to 
provide information for each subject involved in the suspicious 
activity. Subject Information is titled Suspect Information on the 
current SAR-DI. As with the existing SAR-DI, multiple subjects may be 
included in Part I.
    Each of the critical fields (*) in this Part have a new check box 
that may be used if the information is unknown. If that box is checked, 
the filer would not need to enter any information in that field.
    In Part I, with the exception of the unknown check box, these data 
fields would remain the same with no additions or changes from the SAR-
DI:
* 3. Individual's last name or entity's legal name--a. (check if) 
unknown
* 4. First name--a. (check if) unknown
5. Middle initial (middle name for electronic filers)
7. Occupation or type of business
* 8. Address--a. (check if) unknown
* 9. City--a. (check if) unknown
* 10. State--a. (check if) unknown
* 11. ZIP/Postal Code--a. (check if)
* 12. Country Code--a. (check if) unknown
* 13. TIN--a. (check if) unknown
* 16. Date of birth mm/dd/yyyy--a. (check if) unknown

    Listed below are the remaining data fields in Part I that would be 
considered new data fields or data fields that would be modified.

2. Check--a. If entity; b. If all critical (*) subject information is 
unavailable (If 2b is checked this Part may be left blank)
5a. Gender--b. (Check if) Male; c. (Check if) Female; d. (Check if) 
Unknown

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6. Alternate name, e.g. AKA for an Individual or DBA for an Entity
7a. NAICS Code (North American Industry Classification system code that 
corresponds to 7)
14. TIN type (* if 13 is completed)--a. EIN; b. SSN-ITIN; c. Foreign
* 15. Form of identification for subject--a. (check if) unknown (or not 
obtained); b. (check if) Driver's license/state ID; c. (check if) 
Passport; d. (check if) Alien registration; e. Number; f. Issuing 
state; g. Issuing country; z. (check if) Other
17. Phone number type--a. (check if) Home; b. (check if) Work; c. 
(check if) Mobile; d. (check if) Fax
18. Phone number--a. Extension (if any)
19. Email address (if available)
19a. Web site (URL) address (if available)
20. Corroborative statement to filer?--a. (check if) Yes; b. (check if) 
No (This was Admission/Confession on the SAR-DI)
21. Relationship of the subject to the filing institution (check all 
that apply)--a. Institution TIN; b. Accountant; c. Agent; d. Appraiser; 
e. Attorney; f. Borrower; g. Customer; h. Director; i. Employee; j. No 
relationship to institution; k. Officer; l. Owner or Controlling 
Shareholder; z. Other
22. If item 21h, 21i, 21j, or 21k is checked, indicate status of 
relationship--a. (check if) Relationship continues; b. (check if) 
Terminated; c. (check if) Suspended/barred; d. (check if) Resigned
23. Action date if 22 b, c, or d is checked
* 24. Financial Institution EIN and account number(s) affected that are 
related to subject, if any--a. (check if) No known account involved; b. 
(check if) Non-US Financial Institution; c. TIN; d. account number; e. 
(check if) closed;
25. Subject's role in suspicious activity (if applicable); a. (check 
if) Purchaser/Sender; b. (check if) Payee/Receiver; c. (check if) Both 
a & b

Part II--Suspicious Activity Information

    Part II, Suspicious Activity Information, would require the filer 
to describe the suspicious activity that occurred.
    Part II items would cover all filer institution types so all filers 
would see field options that may not pertain to their report (such as 
casino activities). Filers would only be required to complete those 
items that apply to their institution and pertain to the report being 
filed.
    In Part II, with the exception of the unknown check box, these data 
fields would remain the same as the current SAR-DI:

* 27. Date or date range of suspicious activity for this report--a. 
From: mm/dd/yyyy; b. To: mm/dd/yyyy

    The remaining data fields in this Part, specifically the 
characterizations of suspicious activity, would be modified and 
expanded when compared to the current SAR-DI. There are now ten general 
categories and each category would be further broken down to specific 
types of suspicious activity.

* 26. Amount involved in this report--a. (check if) Amount unknown; b. 
(check if) No amount involved.
28. Cumulative amount only if box 1c (continuing activity report) is 
checked
29. Structuring--a. Alters transaction to avoid BSA recordkeeping 
requirement; b. Alters transactions to avoid CTR requirement; c. 
Customer cancels transaction to avoid BSA reporting and recordkeeping 
requirements; d. Multiple transactions below BSA recordkeeping 
threshold; e. Multiple transactions below CTR threshold; f. Suspicious 
inquiry by customer regarding BSA reporting or recordkeeping 
requirements; z. Other (specify type of suspicious activity in space 
provided)
30. Terrorist Financing--a. Known or suspected terrorist/terrorist 
organization; z. Other (specify type of suspicious activity in space 
provided)
31. Fraud (Type)--a. ACH; b. Business loan; c. Check; d. Consumer loan; 
e. Credit/Debit card; f. Healthcare; g. Mail; h. Mass-marketing; i. 
Pyramid scheme; j. Wire; z. Other (specify type of suspicious activity 
in space provided)
32. Casinos--a. Inquiry about end of business day; b. Minimal gaming 
with large transactions; c. Suspicious intra-casino funds transfers; d. 
Suspicious use of counter checks or markers; z. Other (specify type of 
suspicious activity in space provided)
33. Money laundering--a. Exchanges small bills for large bills or vice 
versa; b. Suspicion concerning the physical condition of funds; c. 
Suspicion concerning the source of funds; d. Suspicious designation of 
beneficiaries, assignees or joint owners; e. Suspicious EFT/wire 
transfers; f. Suspicious exchange of currencies; g. Suspicious receipt 
of government payments/benefits; h. Suspicious use of multiple 
accounts; i. Suspicious use of noncash monetary instruments; j. 
Suspicious use of third-party transactors (straw-man); k. Trade Based 
Money Laundering/Black Market Peso Exchange; l. Transaction out of 
pattern for customer(s); z. Other (specify type of suspicious activity 
in space provided)
34. Identification/Documentation--a. Changes spelling or arrangement of 
name; b. Multiple individuals with same or similar identities; c. 
Provided questionable or false documentation; d. Refused or avoided 
request for documentation; e. Single individual with multiple 
identities; z. Other
35. Other suspicious activities--a. Account takeover; b. Bribery or 
gratuity; c. Counterfeit instruments; d. Elder financial exploitation; 
e. Embezzlement/theft/disappearance of funds; f. Forgeries; g. Identity 
theft; h. Little or no concern for product performance penalties, fees, 
or tax consequences; i. Misuse of ``free look''/cooling off/right of 
rescission; j. Misuse of position or self-dealing; k. Suspected public/
private corruption (domestic); l. Suspected public/private corruption 
(foreign); m. suspicious use of informal value transfer system; n. 
Suspicious use of multiple transaction locations; o. Transaction with 
no apparent economic, business, or lawful purpose; p. Two or more 
individuals working together; q. Unauthorized electronic intrusion; r. 
Unlicensed or unregistered MSB; z. Other (specify type of suspicious 
activity in space provided)
36. Insurance--a. Excessive insurance; b. Excessive or unusual cash 
borrowing against policy/annuity; c. Proceeds sent to or received 
unrelated third party; d. Suspicious life settlement sales insurance 
(e.g. STOLI's, Viaticals); e. Suspicious termination of policy or 
contract; f. Unclear or no insurable interest; z. Other (specify type 
of suspicious activity in space provided)
37. Securities/Futures/Options--a. Insider trading; b. Market 
manipulation/wash trading; c. Misappropriation; d. Unauthorized 
pooling; z. Other (specify type of suspicious activity in space 
provided)
38. Mortgage fraud--a. Appraisal fraud; b. Foreclosure fraud; c. Loan 
modification fraud; d. Reverse mortgage fraud; z. Other
39. Were any of the following instrument/product type(s)

[[Page 43237]]

involved in the suspicious activity? Check all that apply: a. Bonds/
Notes; b. Commercial mortgage; c. Commercial paper; d. Credit card; e. 
Debit card; f. Forex transactions; g. Futures/Options on futures; h. 
Hedge fund; i. Home equity loan; j. Home equity line of credit; k. 
Insurance/Annuity products; l. Mutual fund; m. Options on securities; 
n. Penny stocks/Microcap securities; o. Prepaid access; p. Residential 
mortgage; q. Security futures products; r. Stocks; s. Swap, hybrid or 
other derivative; z. Other (specify type in space provided)
40. Were any of the following instrument type(s)/payment mechanism(s) 
involved in the suspicious activity? Check all that apply--a. Bank/
Cashier's check; b. Foreign currency; c. Funds transfer; d. Gaming 
instruments; e. Government payment; f. Money orders; g. Personal/
Business check; h. Travelers check; i. U.S. Currency; z. Other (specify 
type in space provided)
41. Commodity type (if applicable)
42. Product/Instrument description (if needed)
43. Market where traded (list of codes will be provided--dropdown menu 
for electronic filers)
44. IP Address (if available) (multiple entries allowed for electronic 
filers)
45. CUSIP number (multiple entries allowed for electronic filers)
46. CUSIP number (multiple entries allowed for electronic filers)

Part III--Information About Financial Institution Where Activity 
Occurred

    Part III information would be about the financial institution(s) 
where the suspicious activity occurred. A separate Part III record 
would be completed on each financial institution involved in the 
suspicious activity. The data fields in Part III would be modified and 
expanded when compared to the current SAR-DI.

* 47. Type of financial institution (check only one)--a. Casino/Card 
club; b. Depository institution; c. Insurance company; d. MSB; e. 
Securities/Futures; z. Other (specify type of institution in space 
provided)
* 48. Primary Federal Regulator--A = Commodities Futures Trading 
Commission (CFTC); B = Federal Reserve Board (FRB); C = Federal Deposit 
Insurance Corporation (FDIC); D = Internal Revenue Service (IRS); E = 
National Credit Union Administration (NCUA); F = Office of the 
Comptroller of the Currency (OCC); G = Securities and Exchange 
Commission (SEC); Z = Not Applicable
49. If item 47a is check indicate type (Check only one)--a. State 
licensed casino; b. Tribal authorized casino; c. Card club; d. Other 
(specify)
50. If item 47e is checked, indicate type of Securities and Futures 
institution or individual where activity occurred--check box(es) for 
functions that apply to this report--a. Clearing broker-securities; b. 
Futures Commission Merchant; c. Holding company; d. Introducing broker-
commodities; e. Introducing broker-securities; f. Investment Advisor; 
g. Investment company; h. Retail foreign exchange dealer; i. Subsidiary 
of financial/bank holding company; z. Other (specify type of 
institution or individual in space provided)
51. Financial institution identification number (Check one box to 
indicate type)--a. (check if) CRD number; b. (check if) IARD number; c. 
(check if) NFA number; d. (check if) RSSD number; e. (check if) SEC 
number; f. Identification number
52. Financial institution's role in transaction (if applicable)--a. 
(check if) Selling location; b. (check if) Paying location; (check if) 
Both a & b
* 53. Legal name of financial institution--a. (check if) unknown
54. Alternate name, e.g., AKA--individual or trade name, DBA--entity
* 55. TIN--a. (check if) unknown
56. TIN type (* if 55 is completed)--a. EIN; b. SSN-ITIN; c. Foreign
* 57. Address--a. (check if) unknown
* 58. City--a. (check if) unknown
59. State
* 60 ZIP/Postal Code--a. (check if) unknown
* 61. Country
62. Internal control/file number
63. Loss to financial institution (if applicable)
64. Branch's role in transaction (if applicable)--a. (check if) Selling 
location; b. (check if) Paying location; c. (check if) Both a & b
* 65. Address of branch or office where activity occurred--a. (if no 
branch activity involved, check box a)
66. RSSD number (of the branch)
67. City
68. State
69. ZIP/Postal Code
70. Country (2 letter code--list provided)

Part IV--Filing Institution Contact Information

    Part IV information would be about the lead financial institution 
or holding company that is filing the BSA-SAR. There would be only one 
Part IV record for each filing. Part IV would take fields previously 
contained in Part I, Part III, and Part IV on the SAR-DI as well as 
added new fields.

* 78. Primary Federal Regulator--A = Commodities Futures Trading 
Commission (CFTC); B = Federal Reserve Board (FRB); C = Federal Deposit 
Insurance Corporation (FDIC); D = Internal Revenue Service (IRS); E = 
National Credit Union Administration (NCUA); F = Office of the 
Comptroller of the Currency (OCC); G = Securities and Exchange 
Commission (SEC); Z = Not Applicable
* 79. Filer name (Holding company, lead financial institution)
* 80. TIN
* 81. TIN type--a. EIN; b. SSN/ITIN; c. Foreign
* 82. Type of financial institution (check only one)--a. Casino/Card 
club; b. Depository institution; c. Insurance company; d. MSB; e. 
Securities/Futures; z. Other (specify type of institution in space 
provided)
83. Type of Securities and Futures institution or individual filing 
this report-check box(es) for function that apply to this report--a. 
Clearing broker--securities; b. CPO/CTA; c. Futures Commission 
Merchant; d. Holding company; e. Introducing broker--commodities; f. 
Introducing broker--securities; g. Investment Adviser; h. Investment 
company; i. Retail foreign exchange dealer; j. SRO Futures; k. SRO 
Securities; l. Subsidiary of financial/bank holding company; z. Other 
(specify type of institution or individual in space provided)
84. Filing institution identification number (Check one box to indicate 
type)--a. (check if) CRD number; b. (check if) IARD number; c. (check 
if) NFA number; d. (check if) RSSD number; e. (check if) SEC number; f. 
Identification number
* 85. Address
* 86. City
87. State
* 88. ZIP/Postal Code
* 89. Country
90. Alternate name, e.g., AKA--individual or trade name, DBA--entity
91. Internal control/file number
92. LE contact agency
93. LE contact name
94. LE contact phone number--a. Extension (if any)
95. LE contact date
* 96. Designated contact office
* 97. Designated contact office phone number including area code--a. 
Extension (if any)

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* 98. Date filed

Part V--Suspicious Activity Information Explanation/Description

    Part V would require the filer to provide a chronological and 
complete narrative account of the activity, including what is unusual, 
irregular, or suspicious about the activity. In the BSA-SAR this part 
would be a text file that is limited to 17,000 characters 
(approximately six pages). Institutions may, but are not required to, 
attach a MS Excel-compatible file (no larger than 1 MB) providing 
details in tabular form of transactions subject to the suspicious 
activity discussed in the text file.

Consultation Outside the Agency

    As set forth above, the SAR was originally developed in 1996 by an 
interagency group that consisted of the federal banking agencies, the 
U.S. Departments of Justice and Treasury, and several law enforcement 
agencies. The general framework of the BSA-SAR report and revisions to 
the BSA-SAR data elements have been discussed on an interagency basis.

Estimate of Respondent Burden

    The burden per institution varies depending on the nature of the 
activity being reported. Because of these changes to the BSA-SAR, the 
estimated average burden would increase to 2 hours per response. 
Between January 1, 2012, and December 31, 2012, federally insured 
credit unions filed 67,537 \6\ SARs. Based on this data the annual 
reporting burden for the federally insured credit unions is estimated 
to be 135,074 hours with the proposed revisions.
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    \6\ The SAR Activity Review--By the Numbers; Issue 18

DATES: Written comments should be received on or before September 17, 
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2013.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA Contact and the OMB Reviewer listed below:
    NCUA Contact: Tracy Crews, National Credit Union Administration, 
1775 Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-
2861, Email: OCIOPRA@ncua.gov.
    OMB Contact: Office of Management and Budget, ATTN: Desk Officer 
for the National Credit Union Administration, Office of Information and 
Regulatory Affairs, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information, a 
copy of the collection, or a copy of submitted comments should be 
directed to Tracy Crews at the National Credit Union Administration, 
1775 Duke Street, Alexandria, VA 22314-3428, or at (703) 518-6444.

SUPPLEMENTARY INFORMATION:
    Title: Suspicious Activity Report by Depository Institutions (SAR).
    OMB Control Numbers: 3133-0094.
    Form Numbers: 2362.
    Abstract: In 1985, the Banking Supervisory Agencies issued 
procedures to be used by banks and certain other financial institutions 
operating in the United States to report known or suspected criminal 
activities to the appropriate law enforcement and Banking Supervisory 
Agencies. Beginning in 1994, the Banking Supervisory Agencies and 
FinCEN redesigned the reporting process resulting in the Suspicious 
Activity Report, which became effective in April 1996. The report is 
authorized by 12 CFR 748.1 (NCUA). The regulation was issued under the 
authority contained in 1789(a) (NCUA).
    Current Action: NCUA proposes to renew, with revision, the 
previously approved form.
    Type of Review: Reinstatement of a previously approved collection.
    Affected Public: Business, for-profit institutions, and non-profit 
institutions.
    Estimated Number of Respondents: 6,753.
    Estimated Total Annual Responses: 67,537.
    Estimated Total Annual Burden: at an estimated 2 hours per form, 
Total Annual Burden is 135,074 hours.
    Records required to be retained under the Bank Secrecy Act and 
these regulations issued by the Banking Supervisory Agencies must be 
retained for five years. Generally, information collected pursuant to 
the Bank Secrecy Act 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 Office of 
Management and Budget 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.

    By the National Credit Union Administration Board on July 15, 
2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013-17352 Filed 7-18-13; 8:45 am]
BILLING CODE 7535-01-P

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