[Federal Register Volume 74, Number 135 (Thursday, July 16, 2009)]
[Notices]
[Pages 34593-34594]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-16925]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities; Renewal of a Currently 
Approved Collection; Comment Request; Suspicious Activity Report by 
Depository Institutions

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comments.

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SUMMARY: FinCEN and the Banking Supervisory Agencies,\1\ 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)). FinCEN and the Banking Supervisory Agencies are 
soliciting comments concerning the currently approved Suspicious 
Activity Report by Depository Institutions, which is being renewed 
without change.
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    \1\ The term ``Banking Supervisory Agencies'' is the collective 
term for the following organizations: The Board of Governors of the 
Federal Reserve System, Federal Deposit Insurance Corporation, 
National Credit Union Administration, Office of the Comptroller of 
the Currency, and Office of Thrift Supervision.

DATES: Written comments should be received on or before August 17, 
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2009.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments, which should refer to the 
Office of Management and Budget (OMB) control numbers, will be shared 
among the agencies. Direct all written comments as follows:
    NCUA: Clearance Officer: Mr. Jeryl Fish, (703) 518-6440, National 
Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-
3428, Fax No. (703) 837-2861, E-mail: [email protected].

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
a copy of the collection may be obtained by contacting:
    NCUA: Tracy Sumpter, Office of the Chief Information Officer, (703) 
518-6444 or John K. Ianno, Office of General Counsel, (703) 518-6540.

SUPPLEMENTARY INFORMATION:
    Title: Suspicious Activity Report by Depository Institutions (SAR). 
The Office of the Comptroller of the Currency is renewing without 
change all information collections covered under the information 
collection titled: ``(MA)--Minimum Security Devices and Procedures, 
Reports of Suspicious Activities, and Bank Secrecy Act Compliance--12 
CFR 21.'' The FDIC is renewing all information collections covered 
under the information collected pursuant to Part 353--Suspicious 
Activity Reports, 12 CFR Part 353. FinCEN is also renewing without 
change the information collections in 31 CFR 103.18.
    OMB Control Numbers:
    Financial Crimes Enforcement Network: 1506-0001.
    Board of Governors of the Federal Reserve System: 7100-0212.
    Federal Deposit Insurance Corporation: 3064-0077.
    National Credit Union Administration: 3133-0094.
    Office of the Comptroller of the Currency: 1557-0180.
    Office of Thrift Supervision: 1550-0003.
    Form Numbers:
    Financial Crimes Enforcement Network: Form 111.
    Board of Governors of the Federal Reserve System: FR 2230.
    Federal Deposit Insurance Corporation: 6710/06.
    National Credit Union Administration: 2362.
    Office of the Comptroller of the Currency: 8010-1/8010-9.
    Office of Thrift Supervision: 1601.
    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 the 
FinCEN redesigned the reporting process resulting in the Suspicious 
Activity Report, which became effective in April 1996. The report is 
authorized by the following regulations: 31 CFR 103.18 (FinCEN); 12 CFR 
21.11 (OCC); 12 CFR 563.180 (OTS); 12 CFR 208.62(c), 211.5(k), 
211.24(f), and 225.4(f) (Board); 12 CFR 353.3 (FDIC); 12 CFR 748.1 
(NCUA). The regulations were issued under the authority contained in 
the following statutes: 31 U.S.C. 5318(g) (FinCEN); 12 U.S.C. 93a, 
1818, 1881-84, 3401-22, 31 U.S.C. 5318 (OCC); 12 U.S.C. 1463 and 1464 
(OTS); 12 U.S.C. 248(a)(1), 625, 1818, 1844(c), 3105(c)(2) and 3106(a) 
(Board); 12 U.S.C. 1818-1820 (FDIC); 12 U.S.C. 1766(a), 1789(a) (NCUA).
    Current Action: The Banking Supervisory Agencies and the FinCEN 
propose to renew, without revision, the currently approved form.\2\
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    \2\ The form being renewed was approved by OMB effective June 
30, 2007. On May 1, 2007, FinCEN published a Federal Register notice 
(72 FR 23891) (http://www.fincen.gov/statutes_regs/frn/pdf/sar_fr_notice.pdf) announcing the delayed implementation of the revised 
Suspicious Activity Report (SAR) forms. The revised SAR forms that 
support joint filings were originally scheduled to become effective 
on June 30, 2007 and mandatory on December 31, 2007. The delay in 
implementation does not impact ongoing suspicious activity 
reporting. Filers should continue to use the July 2003 form until 
further notice (http://www.fincen.gov/forms/files/f9022-47_sar-di.pdf). FinCEN will establish new dates for using the revised SAR 
forms in a future notice. Depository institutions will be provided 
ample lead time to incorporate the approved version.

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[[Page 34594]]

    Type of Review: Renewal of a currently approved collection.
    Affected Public: Business, for-profit institutions, and non-profit 
institutions.
    Estimated Number of Respondents: National Credit Union 
Administration (NCUA): 7,834.
    Estimated Total Annual Responses: NCUA: 56,500.
    Estimated Total Annual Burden: Estimated 60 minutes per form: NCUA: 
56,500 hours.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid Office of Management and Budget control 
number. 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 13, 
2009.
Mary Rupp,
Secretary of the Board.
[FR Doc. E9-16925 Filed 7-15-09; 8:45 am]
BILLING CODE 4810-02-P