[Federal Register Volume 75, Number 71 (Wednesday, April 14, 2010)]
[Notices]
[Pages 19463-19464]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-8471]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Procedures for Monitoring Bank Secrecy Act Compliance

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

[[Page 19464]]

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 May 14, 2010. 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 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: Procedures for Monitoring Bank Secrecy Act.
    OMB Number: 1550-0041.
    Form Number: 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: Business 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.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: April 8, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift 
Supervision.
[FR Doc. 2010-8471 Filed 4-13-10; 8:45 am]
BILLING CODE 6720-01-P