Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple FinCEN Information Collection Requests, 86412-86414 [2024-25231]
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Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices
reporting system, which is required by
law (22 U.S.C. 3101 et seq.; E.O. 11961;
31 CFR 129) and is used to conduct
annual surveys of U.S. residents’
ownership of foreign securities for
portfolio investment purposes. This
information is used by the U.S.
Government in the formulation of
international financial and monetary
policies and for the preparation of the
U.S. balance of payments accounts and
the U.S. international investment
position. This information is also used
to provide information to the public and
to meet international reporting
commitments. The SHC/SHCA survey
contributes to an internationally
coordinated effort under the auspices of
the International Monetary Fund (IMF)
to improve data on securities
worldwide. More than 80 countries
participate in the annual IMF
Coordinated Portfolio Investment
Survey.
The data collection includes large
benchmark surveys (Form SHC)
conducted every five years, and smaller
annual surveys (Form SHCA) conducted
in the non-benchmark years. The data
collected under an annual survey are
used in conjunction with the results of
the preceding benchmark survey and of
recent reporting on TIC form SLT
(‘‘Aggregate Holdings, Purchases and
Sales, and Fair Value Changes of LongTerm Securities by U.S. and Foreign
Residents’’) to make economy-wide
estimates for non-benchmark years.
Currently, the determination of who
must report in the annual surveys is
based primarily on the data submitted
during the preceding benchmark survey
and on data submitted on SLT reports
in the survey year. The data requested
in the annual survey will generally be
the same as requested in the preceding
benchmark report. Form SHC is used for
the benchmark survey of all significant
U.S.-resident custodians and endinvestors regarding U.S. ownership of
foreign securities. In non-benchmark
years Form SHCA is used for the annual
surveys of primarily the very largest
U.S.-resident custodians and endinvestors.
Current Actions: No changes in the
forms (schedules) are being proposed at
this time. Some minor changes in the
instructions are being proposed,
primarily to include clarifications
requested by respondents during their
reporting for the 2022 and 2023 surveys.
The minor changes include: (1)
necessary updates in the contact
information, dates, links to information,
and appendix E, List of Currency Codes;
(2) clarifications about the handling of
securities involved in repurchase and
securities lending arrangements in (i)
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section II.B; in (ii) the second paragraph
of section III; and in (iii) the description
of ‘‘Securities . . . temporarily received
as collateral’’ in section III.B; (3) the
clarification in item 6 of section IV.B
that ISIN codes are strongly preferred;
(4) clarifications about the security
types mentioned in the form, such as in
the beginning of section III.C and in
item 12 of section IV.B, where Type 4
is specified to include limited partners
(‘‘LPs’’) and similar companies that do
not meet the definition of funds; (5) the
addition of ‘‘Annuities’’ in section III.B,
Do Not Report; and (6) numerous other
clarifications achieved through
rewording and format changes to
improve the instructions.
Type of Review: Extension, with
minor changes, of a currently approved
collection.
Affected Public: Business or other forprofit organizations.
Form: SHC/SHCA, Schedules 1, 2 and
3 (1505–0146).
Estimated Number of Respondents:
An annual average (over five years) of
324, but this varies widely from about
760 in benchmark years (once every five
years) to about 215 in other years (four
out of every five years).
Estimated Average Time per
Respondent: An annual average (over
five years) of about 200 hours, but this
will vary widely from respondent to
respondent. (a) In the year of a
benchmark survey, which is conducted
once every five years, it is estimated that
exempt respondents will require an
average of 17 hours; custodians of
securities providing security-by-security
information will require an average of
361 hours, but this figure will vary
widely for individual custodians; endinvestors providing security-by-security
information will require an average of
121 hours; and end-investors and
custodians employing U.S. custodians
will require an average of 41 hours. (b)
In a non-benchmark year, which occurs
four years out of every five years, it is
estimated that custodians of securities
providing security-by-security
information will require an average of
546 hours (because only the largest U.S.resident custodians will report), but this
figure will vary widely for individual
custodians; end-investors providing
security-by-security information will
require an average of 146 hours; and
reporters entrusting their foreign
securities to U.S. custodians will require
an average of 49 hours. The exemption
level for custodians and for endinvestors, that applies only in
benchmark years when filing schedules
2 or 3 or both, is the holding of less than
$200 million in reportable foreign
securities owned by U.S. residents.
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Estimated Total Annual Burden
Hours: An annual average (over five
years) of 64,700 hours.
Frequency of Response: Annual.
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. The
public is invited to submit written
comments concerning, inter alia: (a)
whether the Survey is necessary for the
proper performance of the functions of
the Office of International Affairs within
the Department of the Treasury,
including whether the information
collected will have practical uses; (b)
the accuracy of the above estimate of the
burdens; (c) ways to enhance the
quality, usefulness and clarity of the
information to be collected; (d) ways to
minimize the reporting and/or record
keeping burdens on respondents,
including the use of information
technologies to automate the collection
of the data requested; (e) estimates of
capital or start-up costs of operation,
maintenance and purchase of services to
provide the information requested.
Dwight Wolkow,
Administrator, International Portfolio
Investment Data Reporting Systems.
[FR Doc. 2024–25166 Filed 10–29–24; 8:45 am]
BILLING CODE 4810–AK–P
DEPARTMENT OF THE TREASURY
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 of Information
Collection; request for comment.
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 November 29, 2024 to be
assured of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
SUMMARY:
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Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Spencer W. Clark by
emailing PRA@treasury.gov, calling
(202) 927–5331, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
ddrumheller on DSK120RN23PROD with NOTICES1
Financial Crimes Enforcement Network
(FinCEN)
1. Title: Transactions of Exempt
Persons Regulations, and FinCEN Form
110, Designation of Exempt Persons
(DOEP) Report.
OMB Control Number: 1506–0012.
Type of Review: Extension without
change of a currently approved
collection.
Description: Under 31 U.S.C. 5313,
the Secretary is authorized to require
financial institutions to report certain
currency transactions. Regulations
implementing 31 U.S.C. 5313 are found
at 31 CFR 1010.310 through 1010.314,
1021.311, and 1021.313. The Money
Laundering Suppression Act of 1994
amended the BSA to create certain
mandatory exemptions applicable to
banks from the requirement for financial
institutions to file currency transaction
reports (CTRs), and to give the Secretary
authority to create additional such
exemptions. Regulations implementing
this exemption authority, including by
requiring the collection of information
on FinCEN Form 110, Designation of
Exempt Person (DOEP Report), are
found at 31 CFR 1020.315.
Form: FinCEN Form 110.
Affected Public: Banks.
Estimated Number of Respondents:
10,062.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 15,105.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden
Hours: 15,105.
2. Title: Anti-Money Laundering
Program Requirements for Casinos.
OMB Control Number: 1506–0051.
Type of Review: Extension without
change of a currently approved
collection.
Description: Pursuant to 31 U.S.C.
5318(h)(1), financial institutions must
establish AML/CFT programs to guard
against money laundering and the
financing of terrorism. Such programs
must include, at a minimum: (a) the
development of internal policies,
procedures, and controls; (b) the
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designation of a compliance officer; (c)
an ongoing employee training program;
and (d) an independent audit function
to test programs. On March 12, 1993,
FinCEN issued regulations, under
separate statutory authority codified at
31 U.S.C. 5318(a)(2), requiring casinos
to develop and implement written BSA
compliance programs. FinCEN
subsequently amended those regulations
after passage of the USA PATRIOT Act
to state that a casino would be ‘‘deemed
to satisfy the requirements of 31 U.S.C.
5318(h)(1) if it implements and
maintains’’ an AML program, as
described in’’ 31 CFR 1021.210(b).
Form: None.
Affected Public: Casinos.
Estimated Number of Respondents:
1,277.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 1,277.
Estimated Time per Response: 100
hours and 10 minutes.
Estimated Total Annual Burden
Hours: 127,912.
3. Title: Regulations Requiring
Additional Records to be Made and
Retained by Dealers in Foreign
Exchange (31 CFR 1022.410).
OMB Control Number: 1506–0052.
Type of Review: Extension without
change of a currently approved
collection.
Description: Pursuant to 31 CFR
1022.410(a), a dealer in foreign
exchange must secure 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. The taxpayer
identification number must be obtained
and recorded within 30 days of the date
the account is opened or credit line
extended, or longer if the person
opening the account or seeking the line
of credit needs to apply for a taxpayer
identification or social security number.
For non-resident aliens, a dealer in
foreign exchange is required to record
the person’s passport number or a
description of some other government
document used to verify his or her
identity. Pursuant to 31 CFR
1022.410(b), a dealer in foreign
exchange must also retain the original or
a copy of nine types of documents as
further detailed in the supporting
statement.
Form: None.
Affected Public: Dealers in Foreign
Exchange.
Estimated Number of Respondents:
3,623.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 3,623.
Estimated Time per Response: 16
hours.
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86413
Estimated Total Annual Burden
Hours: 57,968 hours.
4. Title: Regulations Requiring
Additional Records to be Made and
Retained by Brokers or Dealers in
Securities (31 CFR 1023.410).
OMB Control Number: 1506–0053.
Type of Review: Extension without
change of a currently approved
collection.
Description: Pursuant 31 CFR
1023.410(a), a broker or dealer in
securities is required to secure and
maintain a record of certain identifying
information for persons who have
opened brokerage accounts during the
period from June 30, 1972 to October 1,
2003. The customer identification
program (CIP) requirement for brokers
or dealers in securities has effectively
superseded that requirement, and CIP
requirements are not considered in
connection with this OMB control
number renewal.
Pursuant to 31 CFR 1023.410(b), a
broker or dealer in securities must retain
an original or copy of: (1) each
document granting signature or trading
authority over each customer’s account;
(2) a record of each remittance or
transfer of funds, or of currency, checks,
other monetary instruments, investment
securities, or credit, of more than
$10,000 to a person, account, or place
outside the United States; (3) a record of
each receipt of currency, other monetary
instruments, investment securities, or
checks, and of each transfer of funds or
credit, of more than $10,000 on any one
occasion, not through a domestic
financial institution, from any person,
account, or place outside the United
States; and (4) each record described in
17 CFR 240.17a-3(a)(1) through (3) and
(5) through (9). To the extent that these
records include originals or copies of
checks, drafts, monetary instruments,
investment securities, or other similar
instruments, copies of front and back of
such instruments must generally be
retained. If no record is made in the
ordinary course of business of any
transaction with respect to which
records are required to be retained, then
such a record shall be prepared in
writing. Records must be maintained for
five years.
Form: None.
Affected Public: Brokers or Dealers in
Securities.
Estimated Number of Respondents:
3,478.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 3,478.
Estimated Time per Response: 100
hours.
Estimated Total Annual Burden
Hours: 347,800.
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Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices
5. Title: Records to be made and
retained by financial institutions (31
CFR 1010.410 and 31 CFR 1022.420).
OMB Control Number: 1506–0058.
Type of Review: Extension without
change of a currently approved
collection.
Description: 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) through (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) and
(f)).
In addition, under 31 CFR 1022.420,
each provider or seller of prepaid access
is required to maintain access to
transactional records generated in the
ordinary course of business that would
be needed to reconstruct prepaid access
activation, loads, reloads, purchases,
withdrawals, transfers, or other prepaidrelated transactions.
Form: None.
Affected Public: Financial
Institutions.
Estimated Number of Respondents:
273,832.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 320,352.
Estimated Time per Response: Varies
from 5 to 50 hours depending on
requirement and type of institution.
Estimated Total Annual Burden
Hours: 4,015,839.
6. Title: Additional Records to be
Made and Retained by Banks (31 CFR
1020.410).
OMB Control Number: 1506–0059.
Type of Review: Extension without
change of a currently approved
collection.
Description: A bank must retain an
original or copy of certain records, as
specified in section 31 CFR 1020.410.
Form: None.
Affected Public: Banks.
Estimated Number of Respondents:
10,062.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 10,062.
Estimated Time per Response: 100
hours.
Estimated Total Annual Burden
Hours: 1,006,200.
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Jkt 265001
(Authority: 44 U.S.C. 3501 et seq.)
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024–25231 Filed 10–29–24; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0219]
Agency Information Collection Activity
Under OMB Review: CHAMPVA
Benefits—Application, Claim, Other
Health Insurance, Potential Liability &
Miscellaneous Expenses
Veterans Health
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Health Administration (VHA),
Department of Veterans Affairs (VA),
will submit the collection of
information abstracted below to the
Office of Management and Budget
(OMB) for review and comment. The
PRA submission describes the nature of
the information collection and its
expected cost and burden, and it
includes the actual data collection
instrument.
SUMMARY:
Comments and
recommendations for the proposed
information collection should be sent by
November 29, 2024.
ADDRESSES: To submit comments and
recommendations for the proposed
information collection, please type the
following link into your browser:
www.reginfo.gov/public/do/PRAMain,
select ‘‘Currently under Review—Open
for Public Comments,’’ then search the
list for the information collection by
Title or ‘‘OMB Control No. 2900–0219.’’
FOR FURTHER INFORMATION CONTACT: VA
PRA information: Maribel Aponte, 202–
461–8900, vacopaperworkreduact@
va.gov.
DATES:
SUPPLEMENTARY INFORMATION:
Title: CHAMPVA Benefits—
Application, Claim, Other Health
Insurance, Potential Liability &
Miscellaneous Expenses.
OMB Control Number: 2900–0219.
https://www.reginfo.gov/public/do/
PRASearch.
Type of Review: Revision of a
currently approved collection.
Abstract: The information collection
includes several forms, as well as a
review and appeal process, which are
used to administer the Civilian Health
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Fmt 4703
Sfmt 4703
And Medical Program of the Department
of Veterans Affairs (CHAMPVA). The
collection is revised to include an
increase in burden hours based on
program data that reflects an increase in
claim submissions, OHI forms, appeals
and clinical reviews due to increased
enrollment. The collection also includes
a portal for submission of the
information in the 10–10d program
application form, which is expected to
be completed by the end of calendar
year 2024. This portal will allow
applicants to complete and submit VA
Form 10–10d electronically rather than
by submission of a hard copy form,
which has been the standard application
process prior to technological
advancement allowing electronic
submission and processing. This portal
represents a separate avenue for
applicants to submit VA Form 10–10d;
however, it does not affect the burden
of collection for applicants or VA.
VA Form 10–10d: Application for
CHAMPVA Benefits
VA Form 10–7959a: CHAMPVA Claim
Form
VA Form 10–7959c: CHAMPVA Other
Health Insurance (OHI) Certification
VA Form 10–7959d: CHAMPVA
Potential Liability Claim
VA Form 10–7959e: VA Claim for
Miscellaneous Expenses
Review and Appeal Process
Clinical Review
a. VA Form 10–10d, Application for
CHAMPVA Benefits, is used to
determine eligibility of persons
applying for healthcare benefits under
the CHAMPVA program in accordance
with 38 U.S.C. 501 and 1781.
b. VA Form 10–7959a, CHAMPVA
Claim Form, is used to adjudicate
claims for CHAMPVA benefits in
accordance with 38 U.S.C. 501 and
1781, and 10 U.S.C. 1079 and 1086. This
information is required for accurate
adjudication and processing of
beneficiary submitted claims. The claim
form is also instrumental in the
detection and prosecution of fraud. In
addition, the claim form is the only
mechanism to obtain, on an interim
basis, other health insurance (OHI)
information.
c. VA Form 10–7959c, CHAMPVA
Other Health Insurance (OHI)
Certification, is used to systematically
obtain OHI information and to correctly
coordinate benefits among all liable
parties. Except for Medicaid and health
insurance policies that are purchased
exclusively for the purpose of
supplementing CHAMPVA benefits,
CHAMPVA is always the secondary
payer of healthcare benefits (38 U.S.C.
501 and 1781, and 10 U.S.C. 1086).
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]]>Agencies
[Federal Register Volume 89, Number 210 (Wednesday, October 30, 2024)]
[Notices]
[Pages 86412-86414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-25231]
-----------------------------------------------------------------------
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 of Information Collection; request for comment.
-----------------------------------------------------------------------
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 November 29, 2024 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/
[[Page 86413]]
PRAMain. Find this particular information collection by selecting
``Currently under 30-day Review--Open for Public Comments'' or by using
the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Spencer W. Clark by emailing [email protected], calling
(202) 927-5331, or viewing the entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Financial Crimes Enforcement Network (FinCEN)
1. Title: Transactions of Exempt Persons Regulations, and FinCEN
Form 110, Designation of Exempt Persons (DOEP) Report.
OMB Control Number: 1506-0012.
Type of Review: Extension without change of a currently approved
collection.
Description: Under 31 U.S.C. 5313, the Secretary is authorized to
require financial institutions to report certain currency transactions.
Regulations implementing 31 U.S.C. 5313 are found at 31 CFR 1010.310
through 1010.314, 1021.311, and 1021.313. The Money Laundering
Suppression Act of 1994 amended the BSA to create certain mandatory
exemptions applicable to banks from the requirement for financial
institutions to file currency transaction reports (CTRs), and to give
the Secretary authority to create additional such exemptions.
Regulations implementing this exemption authority, including by
requiring the collection of information on FinCEN Form 110, Designation
of Exempt Person (DOEP Report), are found at 31 CFR 1020.315.
Form: FinCEN Form 110.
Affected Public: Banks.
Estimated Number of Respondents: 10,062.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 15,105.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden Hours: 15,105.
2. Title: Anti-Money Laundering Program Requirements for Casinos.
OMB Control Number: 1506-0051.
Type of Review: Extension without change of a currently approved
collection.
Description: Pursuant to 31 U.S.C. 5318(h)(1), financial
institutions must establish AML/CFT programs to guard against money
laundering and the financing of terrorism. Such programs must include,
at a minimum: (a) the development of internal policies, procedures, and
controls; (b) the designation of a compliance officer; (c) an ongoing
employee training program; and (d) an independent audit function to
test programs. On March 12, 1993, FinCEN issued regulations, under
separate statutory authority codified at 31 U.S.C. 5318(a)(2),
requiring casinos to develop and implement written BSA compliance
programs. FinCEN subsequently amended those regulations after passage
of the USA PATRIOT Act to state that a casino would be ``deemed to
satisfy the requirements of 31 U.S.C. 5318(h)(1) if it implements and
maintains'' an AML program, as described in'' 31 CFR 1021.210(b).
Form: None.
Affected Public: Casinos.
Estimated Number of Respondents: 1,277.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 1,277.
Estimated Time per Response: 100 hours and 10 minutes.
Estimated Total Annual Burden Hours: 127,912.
3. Title: Regulations Requiring Additional Records to be Made and
Retained by Dealers in Foreign Exchange (31 CFR 1022.410).
OMB Control Number: 1506-0052.
Type of Review: Extension without change of a currently approved
collection.
Description: Pursuant to 31 CFR 1022.410(a), a dealer in foreign
exchange must secure 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. The taxpayer identification
number must be obtained and recorded within 30 days of the date the
account is opened or credit line extended, or longer if the person
opening the account or seeking the line of credit needs to apply for a
taxpayer identification or social security number. For non-resident
aliens, a dealer in foreign exchange is required to record the person's
passport number or a description of some other government document used
to verify his or her identity. Pursuant to 31 CFR 1022.410(b), a dealer
in foreign exchange must also retain the original or a copy of nine
types of documents as further detailed in the supporting statement.
Form: None.
Affected Public: Dealers in Foreign Exchange.
Estimated Number of Respondents: 3,623.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 3,623.
Estimated Time per Response: 16 hours.
Estimated Total Annual Burden Hours: 57,968 hours.
4. Title: Regulations Requiring Additional Records to be Made and
Retained by Brokers or Dealers in Securities (31 CFR 1023.410).
OMB Control Number: 1506-0053.
Type of Review: Extension without change of a currently approved
collection.
Description: Pursuant 31 CFR 1023.410(a), a broker or dealer in
securities is required to secure and maintain a record of certain
identifying information for persons who have opened brokerage accounts
during the period from June 30, 1972 to October 1, 2003. The customer
identification program (CIP) requirement for brokers or dealers in
securities has effectively superseded that requirement, and CIP
requirements are not considered in connection with this OMB control
number renewal.
Pursuant to 31 CFR 1023.410(b), a broker or dealer in securities
must retain an original or copy of: (1) each document granting
signature or trading authority over each customer's account; (2) a
record of each remittance or transfer of funds, or of currency, checks,
other monetary instruments, investment securities, or credit, of more
than $10,000 to a person, account, or place outside the United States;
(3) a record of each receipt of currency, other monetary instruments,
investment securities, or checks, and of each transfer of funds or
credit, of more than $10,000 on any one occasion, not through a
domestic financial institution, from any person, account, or place
outside the United States; and (4) each record described in 17 CFR
240.17a-3(a)(1) through (3) and (5) through (9). To the extent that
these records include originals or copies of checks, drafts, monetary
instruments, investment securities, or other similar instruments,
copies of front and back of such instruments must generally be
retained. If no record is made in the ordinary course of business of
any transaction with respect to which records are required to be
retained, then such a record shall be prepared in writing. Records must
be maintained for five years.
Form: None.
Affected Public: Brokers or Dealers in Securities.
Estimated Number of Respondents: 3,478.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 3,478.
Estimated Time per Response: 100 hours.
Estimated Total Annual Burden Hours: 347,800.
[[Page 86414]]
5. Title: Records to be made and retained by financial institutions
(31 CFR 1010.410 and 31 CFR 1022.420).
OMB Control Number: 1506-0058.
Type of Review: Extension without change of a currently approved
collection.
Description: 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) through (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) and (f)).
In addition, under 31 CFR 1022.420, each provider or seller of
prepaid access is required to maintain access to transactional records
generated in the ordinary course of business that would be needed to
reconstruct prepaid access activation, loads, reloads, purchases,
withdrawals, transfers, or other prepaid-related transactions.
Form: None.
Affected Public: Financial Institutions.
Estimated Number of Respondents: 273,832.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 320,352.
Estimated Time per Response: Varies from 5 to 50 hours depending on
requirement and type of institution.
Estimated Total Annual Burden Hours: 4,015,839.
6. Title: Additional Records to be Made and Retained by Banks (31
CFR 1020.410).
OMB Control Number: 1506-0059.
Type of Review: Extension without change of a currently approved
collection.
Description: A bank must retain an original or copy of certain
records, as specified in section 31 CFR 1020.410.
Form: None.
Affected Public: Banks.
Estimated Number of Respondents: 10,062.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 10,062.
Estimated Time per Response: 100 hours.
Estimated Total Annual Burden Hours: 1,006,200.
(Authority: 44 U.S.C. 3501 et seq.)
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-25231 Filed 10-29-24; 8:45 am]
BILLING CODE 4810-02-P
