[Federal Register Volume 60, Number 164 (Thursday, August 24, 1995)]
[Rules and Regulations]
[Page 44144]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20841]




[[Page 44143]]

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Part IV

Federal Reserve System
Department of the Treasury



31 CFR Part 103



Bank Secrecy Act Regulations; Final Rule and Proposed Rule

Federal Reserve System



12 CFR Part 219



Reimbursement for Providing Financial Records; Recordkeeping 
Requirements for Certain Financial Records; Final Rule

Department of the Treasury



31 CFR Part 103



Bank Secrecy Act Regulations; Final Rule and Proposed Rule

  Federal Register / Vol. 60, No. 164 / Thursday, August 24, 1995 / 
Rules and Regulations   

[[Page 44144]]


FEDERAL RESERVE SYSTEM

[Docket No. R-0807]

DEPARTMENT OF THE TREASURY

31 CFR Part 103

RIN 1506-AA16


Amendment to the Bank Secrecy Act Regulations Relating to 
Recordkeeping for Funds Transfers and Transmittals of Funds by 
Financial Institutions

AGENCY: Board of Governors of the Federal Reserve System; Department of 
the Treasury.

ACTION: Joint final rule; delay of effective date.

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SUMMARY: On January 3, 1995, the Financial Crimes Enforcement Network 
(FinCEN) of the Department of the Treasury (Treasury) and the Board of 
Governors of the Federal Reserve System (Board) jointly published a 
final rule that requires enhanced recordkeeping related to certain 
funds transfers and transmittals of funds by financial institutions, 
effective January 1, 1996. (60 FR 220). The Treasury and the Board have 
delayed the effective date of the joint final rule until April 1, 1996, 
because of the uncertainty by financial institutions as to their 
responsibilities under the joint final rule with respect to 
international transfers pending final action on proposed amendments to 
the rule, which are published elsewhere in today's Federal Register.

EFFECTIVE DATES: Effective August 24, 1995, the effective date of the 
joint final rule published on January 3, 1995, at 60 FR 220, is delayed 
until April 1, 1996.

FOR FURTHER INFORMATION CONTACT:

    Treasury: Roger Weiner, Assistant Director, 202/622-0400; Stephen 
R. Kroll, Legal Counsel, 703/905-3534; or Nina A. Nichols, Attorney-
Advisor, 703/905-3598, FinCEN.
    Board: Louise L. Roseman, Associate Director, 202/452-2789; Gayle 
Brett, Manager, Fedwire Section, 202/452-2934; Division of Reserve Bank 
Operations and Payment Systems; Oliver Ireland, Associate General 
Counsel, 202/452-3625; or Elaine Boutilier, Senior Counsel 202/452-
2418, Legal Division, Board of Governors of the Federal Reserve System. 
For the hearing impaired only, Telecommunication Device for the Deaf 
(TDD), Dorothea Thompson, 202/452-3544.
    The effective date of the joint final rule published by the Board 
and Treasury at 60 FR 220, January 3, 1995, is delayed for three months 
from January 1, 1996 to April 1, 1996.

  Federal Register / Vol. 60, No. 164 / Thursday, August 24, 1995 / 
Rules and Regulations  
    In concurrence:
    By the Board of Governors of the Federal Reserve System, August 
17, 1995.
William W. Wiles,
Secretary to the Board.
    By the Department of the Treasury,
    Dated: July 31, 1995.
Stanley E. Morris,
Director, Financial Crimes Enforcement Network.
FR Doc 95-20841 Filed 08-13-95; 8:45 a.m.
BILLING CODES: 6210-01-P, 4820-03-P