Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple FinCEN Information Collection Requests, 56325-56327 [2017-25574]
Download as PDF
<![CDATA[
Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices
Dated: November 21, 2017.
John E. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2017–25602 Filed 11–27–17; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Departmental Offices Information
Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before December 28, 2017 to be
assured of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 8142, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Jennifer Leonard by
emailing PRA@treasury.gov, calling
(202) 622–0489, or viewing the entire
information collection request at
www.reginfo.gov.
SUMMARY:
foreign currency options and net delta
equivalent value; foreign currency
denominated assets and liabilities; net
reported dealing positions.
Form: FC–2.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 1,296.
Title: Weekly Consolidated Foreign
Currency Report of Major Market
Participants.
OMB Control Number: 1505–0012.
Type of Review: Revision of a
currently approved collection.
Abstract: Collection of information on
Form FC–1 is required by law. Form
FC–1 is designed to collect timely
information on foreign exchange spot,
forward and futures purchased and sold;
net options position, delta equivalent
value long or short; net reported dealing
position long or short.
Form: FC–1.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 1,248.
Title: Quarterly Consolidated Foreign
Currency Report.
OMB Control Number: 1505–0014.
Type of Review: Revision of a
currently approved collection.
Abstract: Collection of information on
Form FC–3 is required by law. Form
FC–3 is designed to collect timely
information on foreign exchange
contracts purchased and sold; foreign
exchange futures purchased and sold;
foreign currency denominated assets
and liabilities; foreign currency options
and net delta equivalent value.
Form: FC–3.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 1,664.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 21, 2017.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017–25611 Filed 11–27–17; 8:45 am]
BILLING CODE 4810–25–P
SUPPLEMENTARY INFORMATION:
ethrower on DSK3G9T082PROD with NOTICES
Departmental Offices (DO)
DEPARTMENT OF THE TREASURY
Title: Monthly Consolidated Foreign
Currency Report of Major Market
Participants.
OMB Control Number: 1505–0010.
Type of Review: Revision of a
currently approved collection.
Abstract: Collection of information on
Form FC–2 is required by law. Form
FC–2 is designed to collect timely
information on foreign exchange
contracts purchased and sold; foreign
exchange futures purchased and sold;
VerDate Sep<11>2014
19:51 Nov 27, 2017
Jkt 244001
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
FinCEN Information Collection
Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
SUMMARY:
PO 00000
Frm 00118
Fmt 4703
Sfmt 4703
56325
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before December 28, 2017 to be
assured of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 8142, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Jennifer Leonard by
emailing PRA@treasury.gov, calling
(202) 622–0489, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Financial Crimes Enforcement Network
(FinCEN)
Title: FinCEN Suspicious Activity
Report (SAR).
OMB Control Number: 1506–0065.
Type of Review: Revision of a
currently approved collection.
Abstract: FinCEN and the bank
regulators adopted the suspicious
activity report (‘‘SAR’’) in 1996 to
simplify the process through which
depository institutions (‘‘banks’’) inform
their regulators and law enforcement
about suspected criminal activity,
pursuant to the Bank Secrecy Act (31
U.S.C. 5318(g)). The SAR is also filed by
money services businesses, broker
dealers in securities, casinos, certain
futures commission merchants, life
insurance companies, mutual funds,
non-bank residential mortgage lenders
and originators, and Government
Sponsored Enterprises’s (GSE’s). All
reporting financial institutions are
required to retain a copy of any SAR
filed and supporting documentation for
the filing of the SAR for five years.
These documents are necessary for
criminal investigations and
prosecutions. The filing of a SAR is
necessary to prevent and detect the
laundering of money and other funds at
the filing institutions.
Form: FinCEN 111.
E:\FR\FM\28NON1.SGM
28NON1
ethrower on DSK3G9T082PROD with NOTICES
56326
Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 4,038,044.
Title: Additional Records to be Made
and Retained by Banks.
OMB Control Number: 1506–0059.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The statute generally
referred to as the ‘‘Bank Secrecy Act,’’
Titles I and II of Public Law 91–508, as
amended, codified at 12 U.S.C. 1829b,
12 U.S.C. 1951–1959, and 31 U.S.C.
5311–5332, authorizes the Secretary of
the Treasury, inter alia, to require
financial institutions to keep records
and file reports that are determined to
have a high degree of usefulness in
criminal, tax, and regulatory 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. A
bank must retain an original or copy of
certain documents, as specified in
section 1020.410. The required records
must be maintained for five years (31
CFR 1010.430).
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 2,290,000.
Title: Designation of Exempt Person.
OMB Control Number: 1506–0012.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The Designation of Exempt
Person report (DOEP) FinCEN Report
110 is filed by banks to exempt certain
businesses from the requirement to
report transactions in currency.
Form: FinCEN 110.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 27,040.
Title: Report of Cash Payment over
$10,000 Received in a Trade or
Business.
OMB Control Number: 1506–0018.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Anyone in a trade or
business who, in the course of such
trade or business, receives more than
$10,000 in cash or foreign currency in
one or more related transactions must
report it to FinCEN and provide a
statement to the payer. Any transaction
which must be reported under Title 31
on FinCEN Form 112 (BCTR) is
exempted from reporting the same
VerDate Sep<11>2014
19:51 Nov 27, 2017
Jkt 244001
transaction on Form 8300. The USA
Patriot Act of 2001 (Pub. L. 107–56)
authorized the Financial Crimes
Enforcement Network to collect the
information reported on Form 8300.
Form: FinCEN 8300.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 164,952.
Title: Administrative Rulings.
OMB Control Number: 1506–0050.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Under the Bank Secrecy Act,
financial institutions may request
administrative rulings from FinCEN.
Administrative ruling requests are sent
to FinCEN either by the U.S. Mail or
electronically for consideration and
determination.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 120.
Title: Special Rules for Casinos.
OMB Control Number: 1506–0051.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This section provides
special rules for casinos, including the
requirement that casinos maintain a
written anti money laundering
compliance program.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 92,500.
Title: Additional Records to be Made
and Retained by Currency Dealers or
Exchangers.
OMB Control Number: 1506–0052.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: A currency dealer or
exchanger must make and maintain a
record of the taxpayer identification
number of certain persons for whom a
transaction account is opened or a line
of credit is extended, and must maintain
a list containing the names, addresses,
and account or credit line numbers of
those persons from whom it has been
unable to secure such information. A
currency dealer or exchanger must
retain the original or a copy of certain
documents, as specified in 31 CFR
1022.410. The required records must be
maintained for five years.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 36,800.
PO 00000
Frm 00119
Fmt 4703
Sfmt 4703
Title: Additional Records to be Made
and Retained by Brokers or Dealers in
Securities.
OMB Control Number: 1506–0053.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: A broker or dealer in
securities must retain an original or
copy of certain documents, as specified
in section 1023.410. The required
records must be maintained for five
years (31 CFR 1010.430).
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 830,000.
Title: Additional Records to be Made
and Retained by Casinos.
OMB Control Number: 1506–0054.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Casinos (and card clubs)
must make and retain a record of the
name, permanent address, and taxpayer
identification number for each person
who deposits funds with the casino,
opens an account at the casino, or to
whom the casino extends a line of credit
(and maintain a list, available to the
Secretary upon request, of the names
and addresses of persons who do not
furnish a taxpayer identification
number), and must retain the original or
a copy of certain documents, as
specified in section 1021.410(a)&(b)(1)–
(8). Casinos must also maintain a list of
transactions with customers involving
certain instruments (31 CFR
1021.410(b)(9)). Card clubs must
maintain records of currency
transactions by customers and records
of activity at cages (31 CFR
1021.410(b)(11)). Casinos that input,
store, or retain required records on
computer disk, tape or other machinereadable media must maintain the
records on such media (31 CFR
1021.410(c)). Required records must be
maintained for five years (31 CFR
1010.430).
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 121,056.
Title: Reports of Transactions with
Foreign Financial Agencies.
OMB Control Number: 1506–0055.
Type of Review: Revision of a
currently approved collection.
Abstract: Treasury may, by regulation,
require specified financial institutions
to report transactions by persons with
designated foreign financial agencies.
Form: None.
E:\FR\FM\28NON1.SGM
28NON1
ethrower on DSK3G9T082PROD with NOTICES
Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 1,000.
Title: Reports of Certain Domestic
Coin and Currency Transactions.
OMB Control Number: 1506–0056.
Type of Review: Revision of a
currently approved collection.
Abstract: Upon a finding that
additional reporting or recordkeeping is
necessary to carry out the purposes, or
prevent the evasion, of the Bank Secrecy
Act, Treasury may issue an order
requiring financial institutions or
groups of financial institutions in
certain geographic locations to report
certain transactions in prescribed
amounts for a limited period of time (31
CFR 1010.360). Financial institutions
subject to a geographic targeting order
must maintain records for such period
of time as the order requires but not
more than 5 years (31 CFR 1010.410(d)).
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.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 8,000.
Title: Purchases of Bank Checks and
Drafts, Cashier’s Checks, Money Orders
and Traveler’s Checks.
OMB Control Number: 1506–0057.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Financial institutions must
maintain records of certain information
related to the sale of bank checks and
drafts, cashiers checks, money orders, or
traveler’s checks when the sale involves
currency between $3,000–$10,000. The
records must be maintained for a period
of five years and be made available to
Treasury upon request.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 456,750.
Title: Records to be Made and
Retained by Financial Institutions.
OMB Control Number: 1506–0058.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Each financial institution
must retain an original or copy of
records related to extensions of credit in
excess of $10,000 (other than those
secured by real property), and records
VerDate Sep<11>2014
19:51 Nov 27, 2017
Jkt 244001
related to transfers of funds, currency,
other monetary instruments, checks,
investment securities, or credit of more
than $10,000 to or from the United
States (31 CFR 1010.410(a)–(d)). Banks
and non-bank financial institutions
must also maintain records related to,
and include certain information as part
of, funds transfers or transmittals of
funds involving more than $3,000 (31
CFR 1010.410(e)–(f)–(g)). The required
records must be maintained for five
years (31 CFR 1010.430).
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 2,150,200.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 21, 2017.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017–25574 Filed 11–27–17; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Alcohol and Tobacco Tax and Trade
Bureau Information Collection
Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before December 28, 2017 to be
assured of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 8142, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
SUMMARY:
PO 00000
Frm 00120
Fmt 4703
Sfmt 4703
56327
obtained from Jennifer Leonard by
emailing PRA@treasury.gov, calling
(202) 622–0489, or viewing the entire
information collection request at
www.reginfo.gov..
SUPPLEMENTARY INFORMATION:
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
Title: Application for an Industrial
Alcohol User Permit.
OMB Control Number: 1513–0028.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The Internal Revenue Code
(IRC) at 26 U.S.C. 5271 authorizes the
Secretary of the Treasury to prescribe
regulations requiring persons using taxfree alcohol for certain nonbeverage
purposes (hospitals, laboratories,
research centers, etc.) and persons using
or dealing in specially denatured spirits
(alcohol and/or rum) to apply for and
receive a permit to do so prior to
commencing business. Under that
authority, the TTB regulations prescribe
the use of TTB F 5150.22 as the
application form for dealers or users of
specially denatured spirits (alcohol/
rum) (see 27 CFR 20.41) and for users
of tax-free alcohol (see 27 CFR 22.41).
TTB uses the information reported on
the form to, among other things,
determine the eligibility of the applicant
to engage in certain operations
involving specially denatured or tax-free
alcohol, the location of the business or
entity, and whether the operations will
be in conformance with Federal laws
and regulations.
Form: TTB F 5150.22.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 357.
Title: Report—Manufacturer of
Tobacco Products or Cigarette Papers
and Tubes; Report—Manufacturer of
Processed Tobacco.
OMB Control Number: 1513–0033.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The Internal Revenue Code
at 26 U.S.C. 5722 requires that every
manufacturer of tobacco products,
cigarette papers and tubes, or processed
tobacco make reports containing such
information, in such form, at such
times, and for such periods as the
Secretary of the Treasury shall by
regulation prescribe. The TTB
regulations at 27 CFR 40.202, 40.422,
and 40.522 prescribe, as appropriate, the
use of TTB F 5210.5 to report tobacco
products and cigarette papers and tubes
manufactured, received, and removed
E:\FR\FM\28NON1.SGM
28NON1
]]>Agencies
[Federal Register Volume 82, Number 227 (Tuesday, November 28, 2017)]
[Notices]
[Pages 56325-56327]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25574]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple FinCEN Information Collection
Requests
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on these requests.
DATES: Comments should be received on or before December 28, 2017 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestions for
reducing the burden, to (1) Office of Information and Regulatory
Affairs, Office of Management and Budget, Attention: Desk Officer for
Treasury, New Executive Office Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8142, Washington,
DC 20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Jennifer Leonard by emailing PRA@treasury.gov, calling
(202) 622-0489, or viewing the entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Financial Crimes Enforcement Network (FinCEN)
Title: FinCEN Suspicious Activity Report (SAR).
OMB Control Number: 1506-0065.
Type of Review: Revision of a currently approved collection.
Abstract: FinCEN and the bank regulators adopted the suspicious
activity report (``SAR'') in 1996 to simplify the process through which
depository institutions (``banks'') inform their regulators and law
enforcement about suspected criminal activity, pursuant to the Bank
Secrecy Act (31 U.S.C. 5318(g)). The SAR is also filed by money
services businesses, broker dealers in securities, casinos, certain
futures commission merchants, life insurance companies, mutual funds,
non-bank residential mortgage lenders and originators, and Government
Sponsored Enterprises's (GSE's). All reporting financial institutions
are required to retain a copy of any SAR filed and supporting
documentation for the filing of the SAR for five years. These documents
are necessary for criminal investigations and prosecutions. The filing
of a SAR is necessary to prevent and detect the laundering of money and
other funds at the filing institutions.
Form: FinCEN 111.
[[Page 56326]]
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 4,038,044.
Title: Additional Records to be Made and Retained by Banks.
OMB Control Number: 1506-0059.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The statute generally referred to as the ``Bank Secrecy
Act,'' Titles I and II of Public Law 91-508, as amended, codified at 12
U.S.C. 1829b, 12 U.S.C. 1951-1959, and 31 U.S.C. 5311-5332, authorizes
the Secretary of the Treasury, inter alia, to require financial
institutions to keep records and file reports that are determined to
have a high degree of usefulness in criminal, tax, and regulatory
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.
A bank must retain an original or copy of certain documents, as
specified in section 1020.410. The required records must be maintained
for five years (31 CFR 1010.430).
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 2,290,000.
Title: Designation of Exempt Person.
OMB Control Number: 1506-0012.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The Designation of Exempt Person report (DOEP) FinCEN
Report 110 is filed by banks to exempt certain businesses from the
requirement to report transactions in currency.
Form: FinCEN 110.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 27,040.
Title: Report of Cash Payment over $10,000 Received in a Trade or
Business.
OMB Control Number: 1506-0018.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Anyone in a trade or business who, in the course of such
trade or business, receives more than $10,000 in cash or foreign
currency in one or more related transactions must report it to FinCEN
and provide a statement to the payer. Any transaction which must be
reported under Title 31 on FinCEN Form 112 (BCTR) is exempted from
reporting the same transaction on Form 8300. The USA Patriot Act of
2001 (Pub. L. 107-56) authorized the Financial Crimes Enforcement
Network to collect the information reported on Form 8300.
Form: FinCEN 8300.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 164,952.
Title: Administrative Rulings.
OMB Control Number: 1506-0050.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Under the Bank Secrecy Act, financial institutions may
request administrative rulings from FinCEN. Administrative ruling
requests are sent to FinCEN either by the U.S. Mail or electronically
for consideration and determination.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 120.
Title: Special Rules for Casinos.
OMB Control Number: 1506-0051.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This section provides special rules for casinos,
including the requirement that casinos maintain a written anti money
laundering compliance program.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 92,500.
Title: Additional Records to be Made and Retained by Currency
Dealers or Exchangers.
OMB Control Number: 1506-0052.
Type of Review: Extension without change of a currently approved
collection.
Abstract: A currency dealer or exchanger must make and maintain a
record of the taxpayer identification number of certain persons for
whom a transaction account is opened or a line of credit is extended,
and must maintain a list containing the names, addresses, and account
or credit line numbers of those persons from whom it has been unable to
secure such information. A currency dealer or exchanger must retain the
original or a copy of certain documents, as specified in 31 CFR
1022.410. The required records must be maintained for five years.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 36,800.
Title: Additional Records to be Made and Retained by Brokers or
Dealers in Securities.
OMB Control Number: 1506-0053.
Type of Review: Extension without change of a currently approved
collection.
Abstract: A broker or dealer in securities must retain an original
or copy of certain documents, as specified in section 1023.410. The
required records must be maintained for five years (31 CFR 1010.430).
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 830,000.
Title: Additional Records to be Made and Retained by Casinos.
OMB Control Number: 1506-0054.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Casinos (and card clubs) must make and retain a record of
the name, permanent address, and taxpayer identification number for
each person who deposits funds with the casino, opens an account at the
casino, or to whom the casino extends a line of credit (and maintain a
list, available to the Secretary upon request, of the names and
addresses of persons who do not furnish a taxpayer identification
number), and must retain the original or a copy of certain documents,
as specified in section 1021.410(a)&(b)(1)-(8). Casinos must also
maintain a list of transactions with customers involving certain
instruments (31 CFR 1021.410(b)(9)). Card clubs must maintain records
of currency transactions by customers and records of activity at cages
(31 CFR 1021.410(b)(11)). Casinos that input, store, or retain required
records on computer disk, tape or other machine-readable media must
maintain the records on such media (31 CFR 1021.410(c)). Required
records must be maintained for five years (31 CFR 1010.430).
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 121,056.
Title: Reports of Transactions with Foreign Financial Agencies.
OMB Control Number: 1506-0055.
Type of Review: Revision of a currently approved collection.
Abstract: Treasury may, by regulation, require specified financial
institutions to report transactions by persons with designated foreign
financial agencies.
Form: None.
[[Page 56327]]
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 1,000.
Title: Reports of Certain Domestic Coin and Currency Transactions.
OMB Control Number: 1506-0056.
Type of Review: Revision of a currently approved collection.
Abstract: Upon a finding that additional reporting or recordkeeping
is necessary to carry out the purposes, or prevent the evasion, of the
Bank Secrecy Act, Treasury may issue an order requiring financial
institutions or groups of financial institutions in certain geographic
locations to report certain transactions in prescribed amounts for a
limited period of time (31 CFR 1010.360). Financial institutions
subject to a geographic targeting order must maintain records for such
period of time as the order requires but not more than 5 years (31 CFR
1010.410(d)). 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.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 8,000.
Title: Purchases of Bank Checks and Drafts, Cashier's Checks, Money
Orders and Traveler's Checks.
OMB Control Number: 1506-0057.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Financial institutions must maintain records of certain
information related to the sale of bank checks and drafts, cashiers
checks, money orders, or traveler's checks when the sale involves
currency between $3,000-$10,000. The records must be maintained for a
period of five years and be made available to Treasury upon request.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 456,750.
Title: Records to be Made and Retained by Financial Institutions.
OMB Control Number: 1506-0058.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Each financial institution must retain an original or
copy of records related to extensions of credit in excess of $10,000
(other than those secured by real property), and records related to
transfers of funds, currency, other monetary instruments, checks,
investment securities, or credit of more than $10,000 to or from the
United States (31 CFR 1010.410(a)-(d)). Banks and non-bank financial
institutions must also maintain records related to, and include certain
information as part of, funds transfers or transmittals of funds
involving more than $3,000 (31 CFR 1010.410(e)-(f)-(g)). The required
records must be maintained for five years (31 CFR 1010.430).
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 2,150,200.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 21, 2017.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017-25574 Filed 11-27-17; 8:45 am]
BILLING CODE 4810-02-P
