81 FR 16277 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 81, Issue 58 (March 25, 2016)

Page Range		16277-16278
FR Document		2016-06758

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995 (PRA), Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning renewal of its information collection titled, ``Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program.''

Federal Register, Volume 81 Issue 58 (Friday, March 25, 2016)

[Federal Register Volume 81, Number 58 (Friday, March 25, 2016)]
[Notices]
[Pages 16277-16278]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-06758]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Minimum Security Devices and Procedures, 
Reports of Suspicious Activities, and Bank Secrecy Act Compliance 
Program

AGENCY: Office of the Comptroller of the Currency (OCC), Department of 
the Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on information 
collections, as required by the Paperwork Reduction Act of 1995 (PRA), 
Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and the respondent is not required to respond to, 
an information collection unless it displays a currently valid Office 
of Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning renewal of its information 
collection titled, ``Minimum Security Devices and Procedures, Reports 
of Suspicious Activities, and Bank Secrecy Act Compliance Program.''

DATES: Written comments should be received on or before May 24, 2016.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0180, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to 
(571) 465-4326 or by electronic mail to [email protected]. You may 
personally inspect and photocopy comments at the OCC, 400 7th Street 
SW., Washington, DC 20219. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 649-6700 or, for persons who are deaf or hard of hearing, 
TTY, (202) 649-5597. Upon arrival, visitors will be required to present 
valid government-issued photo identification and to submit to security 
screening in order to inspect and photocopy comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490 or, for persons who are deaf or hard of 
hearing, TTY, (202) 649-5597, Office of the Comptroller of the 
Currency, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the Paperwork Reduction Act (PRA) (44 
U.S.C. 3501-3520), Federal agencies must obtain approval from the 
Office of Management and Budget (OMB) for each collection of 
information they conduct or sponsor. ``Collection of information'' is 
defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency 
requests or requirements that members of the public submit reports, 
keep records, or provide information to a third party. Section 
3506(c)(2)(A) of the PRA (44 U.S.C. 3506(c)(2)(A)) requires Federal 
agencies to provide a 60-day notice in the Federal Register concerning 
each proposed collection of information, including each proposed 
extension of an existing collection of information, before submitting 
the collection to OMB for approval. To comply with this requirement, 
the OCC is publishing notice of the proposed collection of information 
set forth in this document.
    Title: Minimum Security Devices and Procedures, Reports of 
Suspicious Activities, and Bank Secrecy Act Compliance Program.
    OMB Control No.: 1557-0180.
    Form Numbers: 8010-1/8010-9.
    Abstract:

[[Page 16278]]

Minimum Security Devices and Procedures

    Under Sec. Sec.  21.2 and 21.4; and Sec. Sec.  568.2 and 568.4, 
national banks and savings associations are required to designate a 
security officer who must develop and administer a written security 
program. The security officer shall report at least annually to the 
institution's board of directors on the effectiveness of the security 
program. The substance of the report shall be reflected in the board's 
minutes. These requirements ensure that the security officer is 
responsible for the security program and that institution management 
and the board of directors are aware of the content and effectiveness 
of the program. These requirements ensure prudent institution 
management and institution safety and soundness.

Suspicious Activity Report (SAR)

    The Financial Crimes Enforcement Network (FinCEN) and Federal 
financial institution supervisory agencies \1\ (bank regulators) 
adopted the SAR in 1996 to simplify the process through which 
depository institutions inform their regulators and law enforcement 
about suspected criminal activity. The SAR was updated in 1999, 2002, 
2006, 2009 and 2013.
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    \1\ The Federal financial institution supervisory agencies are 
the Office of the Comptroller of the Currency (OCC), Board of 
Governors of the Federal Reserve System (Board), Federal Deposit 
Insurance Corporation (FDIC), and National Credit Union 
Administration (NCUA).
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    In 1992, the Department of the Treasury was granted broad authority 
to require suspicious transaction reporting under the Bank Secrecy Act 
(BSA). See 31 U.S.C. 5318(g). FinCEN, which has been delegated 
authority to administer the BSA, joined with the bank regulators in 
1996 in requiring, on a consolidated form (the SAR form), reports of 
suspicious transactions. See 31 CFR 1020.320(a) (formerly 31 CFR 
103.18(a)). The filing of SARs is necessary to prevent and detect 
crimes involving depository institution funds, institution insiders, 
criminal transactions, and money laundering. These requirements are 
necessary to ensure institution safety and soundness.
    Banks and savings associations are required to maintain a copy of 
any SAR filed and the original or business record equivalent of any 
supporting documentation for a period of five years. The documents are 
necessary for criminal investigations and prosecutions.

Procedures for Monitoring Bank Secrecy Act Compliance

    Under 12 CFR 21.21, national banks and savings associations are 
required to develop and provide for the continued administration of a 
program reasonably designed to assure and monitor their compliance with 
the BSA and applicable Treasury regulations. The compliance program 
shall be in writing, approved by the board of directors and noted in 
the minutes. These requirements are necessary to ensure institution 
compliance with the BSA and applicable Treasury regulations.
    Type of Review: Regular.
    Affected Public: Business, for-profit institutions, and non-profit.
    Estimated Number of Respondents: 1,485.
    Estimated Total Annual Burden: 714,205 hours.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval. All comments will 
become a matter of public record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information shall have practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology, and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: March 21, 2016.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2016-06758 Filed 3-24-16; 8:45 am]
 BILLING CODE 4810-33-P

16278 Federal Register / Vol. 81, No. 58 / Friday, March 25, 2016 / Notices

Minimum Security Devices and Procedures for Monitoring Bank SUMMARY: The Department of the
Procedures Secrecy Act Compliance Treasury, as part of its continuing effort
Under 12 CFR 21.21, national banks to reduce paperwork and respondent
Under §§ 21.2 and 21.4; and §§ 568.2 burden, invites the general public and
and 568.4, national banks and savings and savings associations are required to
other Federal agencies to take this
associations are required to designate a develop and provide for the continued
opportunity to comment on a proposed
security officer who must develop and administration of a program reasonably
and/or continuing information
administer a written security program. designed to assure and monitor their
collection, as required by the Paperwork
compliance with the BSA and
The security officer shall report at least Reduction Act of 1995, Public Law 104–
applicable Treasury regulations. The
annually to the institution’s board of 13 (44 U.S.C. 3506(c)(2)(A)). Currently
compliance program shall be in writing,
directors on the effectiveness of the the Bureau of the Fiscal Service within
approved by the board of directors and
security program. The substance of the the Department of the Treasury is
noted in the minutes. These
report shall be reflected in the board’s soliciting comments concerning the
requirements are necessary to ensure
minutes. These requirements ensure collections of information required to
institution compliance with the BSA
that the security officer is responsible comply with the terms and conditions
and applicable Treasury regulations.
for the security program and that of FHA New Account Request,
Type of Review: Regular.
institution management and the board Transition Request, and Transfer
Affected Public: Business, for-profit Request.
of directors are aware of the content and institutions, and non-profit.
effectiveness of the program. These Estimated Number of Respondents: DATES: Written comments should be
requirements ensure prudent institution 1,485. received on or before May 24, 2016 to
management and institution safety and Estimated Total Annual Burden: be assured of consideration.
soundness. 714,205 hours. ADDRESSES: Direct all written comments
Comments submitted in response to and requests for further information to
Suspicious Activity Report (SAR)
this notice will be summarized and/or Bureau of the Fiscal Service, Bruce A.
The Financial Crimes Enforcement included in the request for OMB Sharp, 200 Third Street, A4–A,
Network (FinCEN) and Federal financial approval. All comments will become a Parkersburg, WV 26106–1328, or
institution supervisory agencies 1 (bank matter of public record. Comments are bruce.sharp@fiscal.treasury.gov.
regulators) adopted the SAR in 1996 to invited on: FOR FURTHER INFORMATION CONTACT:
simplify the process through which (a) Whether the collection of Requests for additional information or
depository institutions inform their information is necessary for the proper copies of the form(s) and instructions
regulators and law enforcement about performance of the functions of the should be directed to Dwayne Boothe,
suspected criminal activity. The SAR OCC, including whether the information Branch Manager, Special Investments
was updated in 1999, 2002, 2006, 2009 shall have practical utility; Branch; 200 Third Street, Room 119,
and 2013. (b) The accuracy of the OCC’s Parkersburg, WV 26106–1328, or
estimate of the burden of the collection dwayne.boothe@fiscal.treasury.gov.
In 1992, the Department of the SUPPLEMENTARY INFORMATION:
of information;
Treasury was granted broad authority to Form Numbers and Titles:
(c) Ways to enhance the quality,
require suspicious transaction reporting FS Form 5354—FHA Transaction
utility, and clarity of the information to
under the Bank Secrecy Act (BSA). See Request
be collected;
31 U.S.C. 5318(g). FinCEN, which has FS Form 5366—FHA New Account
(d) Ways to minimize the burden of
been delegated authority to administer the collection of information on Request
the BSA, joined with the bank regulators respondents, including through the use FS Form 5367—FHA Debenture
in 1996 in requiring, on a consolidated of automated collection techniques or Transfer Request
form (the SAR form), reports of other forms of information technology, OMB Number: 1530–0054 (Previously
suspicious transactions. See 31 CFR and approved as 1535–0120 as a collection
1020.320(a) (formerly 31 CFR 103.18(a)). (e) Estimates of capital or start-up conducted by Department of the
The filing of SARs is necessary to costs and costs of operation, Treasury/Bureau of the Public Debt.)
prevent and detect crimes involving maintenance, and purchase of services Transfer of OMB Control Number: The
depository institution funds, institution to provide information. Bureau of Public Debt (BPD) and the
insiders, criminal transactions, and Financial Management Service (FMS)
Dated: March 21, 2016.
money laundering. These requirements have consolidated to become the Bureau
Mary H. Gottlieb, of the Fiscal Service (Fiscal Service).
are necessary to ensure institution safety
and soundness. Regulatory Specialist, Legislative and Information collection requests
Regulatory Activities Division. previously held separately by BPD and
Banks and savings associations are [FR Doc. 2016–06758 Filed 3–24–16; 8:45 am] FMS will now be identified by a 1530
required to maintain a copy of any SAR BILLING CODE 4810–33–P prefix, designating Fiscal Service.
filed and the original or business record Abstract: The information is used to
equivalent of any supporting (1) establish a book-entry account; (2)
documentation for a period of five years. DEPARTMENT OF THE TREASURY change information on a book-entry
The documents are necessary for
asabaliauskas on DSK3SPTVN1PROD with NOTICES

account; and (3) transfer ownership of a
criminal investigations and Bureau of the Fiscal Service book-entry account on the HUD system,
prosecutions. maintained by the Federal Reserve Bank
Proposed Collection of Information:
FHA New Account Request, Transition of Philadelphia.
1 TheFederal financial institution supervisory Current Actions: Extension of a
agencies are the Office of the Comptroller of the Request, and Transfer Request
Currency (OCC), Board of Governors of the Federal
currently approved collection.
Reserve System (Board), Federal Deposit Insurance Notice and request for
ACTION:
Type of Review: Regular.
Corporation (FDIC), and National Credit Union Affected Public: Individuals or
comments.
Administration (NCUA). Households.

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Document Created: 2018-02-02 15:17:30
Document Modified: 2018-02-02 15:17:30

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before May 24, 2016.
Contact		Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Office of the Comptroller of the Currency, Washington, DC 20219.
FR Citation		81 FR 16277

81 FR 16277 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program

DEPARTMENT OF THE TREASURYOffice of the Comptroller of the Currency

Federal Register Volume 81, Issue 58 (March 25, 2016)

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency