[Federal Register Volume 75, Number 26 (Tuesday, February 9, 2010)]
[Notices]
[Pages 6434-6435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-2719]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Procedures for Monitoring Secrecy Act Compliance

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

ACTION: Notice and request for comment.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to comment on proposed and continuing 
information collections, as required by the Paperwork Reduction Act of 
1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the 
Department of the Treasury will submit the proposed information 
collection requirement described below to the Office of Management and 
Budget (OMB) for review, as required by the Paperwork Reduction Act. 
Today, OTS is soliciting public comments on its proposal to extend this 
information collection.

DATES: Submit written comments on or before April 12, 2010.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to Information Collection Comments, 
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, 
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an 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., and 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: You can request additional information 
about this proposed information collection from Louise Batdorf (202) 
906-7087, 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.

[[Page 6435]]

    Comments should address one or more of the following points:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the functions of OTS;
    b. The accuracy of OTS's estimate of the burden of the proposed 
information collection;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of the information collection on 
respondents, including through the use of information technology.
    We will summarize the comments that we receive and include them in 
the OTS request for OMB approval. All comments will become a matter of 
public record. In this notice, OTS is soliciting comments concerning 
the following information collection:
    Title of Proposal: Procedures for Monitoring Bank Secrecy Act 
Compliance.
    OMB Number: 1550-0041.
    Form Numbers: N/A.
    Regulation requirement: 12 CFR Parts 563.177 and 563.180.
    Description: In 1970, Congress passed the Currency and Foreign 
Transactions Report Act commonly known as the `Bank Secrecy Act' 
(``BSA''). The Money Laundering Control Act of 1986 further augmented 
the BSA's effectiveness by adding interrelated sections 8(s) and 21 to 
the Federal Deposit Insurance Act, which applies to savings 
associations. Specifically, Section 1359 of the Anti-Drug Abuse Act of 
1986, Public Law 99-570 (``Act''), required the former Federal Home 
Loan Bank Board (``FHLBB'') to prescribe regulations requiring 
regulated institutions to establish and maintain procedures reasonably 
designed to assure and monitor compliance with the BSA and the U.S. 
Department of Treasury regulation 31 CFR part 103. The Office of Thrift 
Supervision (``OTS'') is charged with the responsibility to examine 
savings association procedures periodically to ensure their 
effectiveness; OTS is therefore subject to the Act. See 12 CFR 563.177 
and 563.180. The requirement that savings associations establish 
written BSA compliance procedures is a one-time event, but revisions to 
those procedures must occur as deemed necessary.
    OTS examiners review the written procedures during examinations in 
order to ensure the implementation of adequate systems for complying 
with the BSA and its implementing regulations.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 765.
    Estimated Burden Hours per Response: 40 hours.
    Estimated Frequency of Response: Annually.
    Estimated Total Burden: 30,600 hours.

    Dated: February 3, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Thrift Supervision.
[FR Doc. 2010-2719 Filed 2-8-10; 8:45 am]
BILLING CODE 6720-01-P