[Federal Register Volume 74, Number 143 (Tuesday, July 28, 2009)]
[Notices]
[Page 37308]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-17846]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Suspicious Activity Report

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The proposed information collection request (ICR) described 
below has been submitted to the Office of Management and Budget (OMB) 
for review and approval, as required by the Paperwork Reduction Act of 
1995. OTS is soliciting public comments on the proposal.

DATES: Submit written comments on or before August 27, 2009. A copy of 
this ICR, with applicable supporting documentation, can be obtained 
from RegInfo.gov at http://www.reginfo.gov/public/do/PRAMain.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to OMB and OTS at these addresses: 
Office of Information and Regulatory Affairs, Attention: Desk Officer 
for OTS, U.S. Office of Management and Budget, 725 17th Street, NW., 
Room 10235, Washington, DC 20503, or by fax to (202) 395-6974; and 
Information Collection Comments, Chief Counsel's Office, Office of 
Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, by fax to 
(202) 906-6518, or by e-mail to [email protected]. 
OTS will post comments and the related index on the OTS Internet Site 
at http://www.ots.treas.gov. In addition, interested persons may 
inspect comments at the Public Reading Room, 1700 G Street, NW., by 
appointment. To make an appointment, call (202) 906-5922, send an e-
mail to public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to 
(202) 906-7755.

FOR FURTHER INFORMATION CONTACT: For further information or to obtain a 
copy of the submission to OMB, please contact Ira L. Mills at, 
[email protected] (202) 906-6531, or facsimile number (202) 906-
6518, Regulations and Legislation Division, Chief Counsel's Office, 
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an 
information collection, and respondents are not required to respond to 
an information collection, unless the information collection displays a 
currently valid OMB control number. As part of the approval process, we 
invite comments on the following information collection.
    Title of Proposal: Suspicious Activity Report.
    OMB Number: 1550-0003.
    Form Number: 1601.
    Description: OTS and the bank regulators, including the Board, 
adopted the Suspicious Activity Report (SAR) in 1996 to simplify the 
process through which depository institutions (``banks'') inform their 
regulators and law enforcement about suspected criminal activity. The 
SAR was updated in 1999 and again in 2003.
    In 1992, the Treasury Department was granted broad authority to 
require suspicious transaction reporting under the Bank Secrecy Act. 
See 31 U.S.C. 5318(g). The Department of the Treasury's Financial 
Crimes Enforcement Network, which has been delegated authority to 
administer the Bank Secrecy Act, joined with the bank regulators in 
1996 in requiring, on a consolidated form (the SAR form), reports of 
suspicious transactions. See 31 CFR 103.18(a).
    The filing of SARs is necessary to prevent and detect the 
laundering of money and other funds at banks.
    Banks are required to retain a copy of any SAR filed and supporting 
documentation for the filing of the SAR for five years. See 31 CFR 
103.18(d), 31 CFR 103.38 and 12 CFR 563.180(d)(6).
    These documents are necessary for criminal investigations and 
prosecutions.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 804.
    Estimated Number of Responses: 58,821.
    Estimated Burden Hours per Response: 1 hour for the report; 1.8 
hours for retention.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 164,698 hours.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: July 21, 2009.
Deborah Dakin,
Acting Chief Counsel, Office of Thrift Supervision.
[FR Doc. E9-17846 Filed 7-27-09; 8:45 am]
BILLING CODE 6720-01-P