[Federal Register Volume 74, Number 141 (Friday, July 24, 2009)]
[Notices]
[Pages 36710-36711]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-17724]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request; 3064-0077

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to Office of 
Management and Budget (OMB) for review and approval under the Paperwork 
Reduction Act of 1995.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it 
is submitting to OMB a request for OMB review and approval of the 
renewal of the information collection system described below.

DATES: Comments must be submitted on or before August 24, 2009.

ADDRESSES: Interested parties are invited to submit written comments on 
the collection of information entitled:

[[Page 36711]]

Suspicious Activity Report by Depository Institutions (3064-0077).
    All comments should refer to the name and number of the collection. 
Comments may be submitted by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federalnotices.html.
     E-mail: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Gary A. Kuiper (202.898.3877), Counsel, Federal 
Deposit Insurance Corporation, F-1072, 550 17th Street, NW., 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 550 17th Street Building (located on F 
Street), on business days between 7 a.m. and 5 p.m.
    A copy of the comments may also be submitted to the OMB desk 
officer for the FDIC, Office of Information and Regulatory Affairs, 
Office of Management and Budget, New Executive Office Building, Room 
10235, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper, at the address 
identified above.

SUPPLEMENTARY INFORMATION:

Proposal to Renew the Following Currently Approved Collection of 
Information

    Title: Suspicious Activity Report by Depository Institutions (SAR). 
The FDIC is renewing the information collection covered under Part 
353--Suspicious Activity Reports, 12 CFR Part 353.
    OMB Number: 3064-0077.
    Form Number: 6710/06.
    Current Action: The FDIC proposes to renew, without revision, the 
currently approved form.\1\
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    \1\ 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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    Type of Review: Renewal of a currently approved collection.
    Affected Public: Business, for profit institutions, and non-profit 
institutions.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 5148.
    Estimated Total Annual Responses: 133,151.
    Estimated Time per Response: 1 hour.
    Total Annual Burden: 133,151 hours.
    General Description of Collection: 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).
    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 Comment

    Comments are invited on: (a) Whether this collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimate of the burden of the information collection, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 21st day of July 2009.
Robert E. Feldman,
Executive Secretary, Federal Deposit Insurance Corporation.
[FR Doc. E9-17724 Filed 7-23-09; 8:45 am]
BILLING CODE 6714-01-P