[Federal Register Volume 76, Number 185 (Friday, September 23, 2011)]
[Notices]
[Pages 59188-59189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-24520]


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FEDERAL RESERVE SYSTEM

DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Renewal of a Currently 
Approved Collection; Comment Request; Prohibition on Funding of 
Unlawful Internet Gambling

AGENCIES: Board of Governors of the Federal Reserve System (``Board'') 
and Departmental Offices, Department of the Treasury (``Treasury'') 
(collectively, the ``Agencies'').

ACTION: Joint notice and request for comment.

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SUMMARY: The Agencies are soliciting comments concerning the currently 
approved recordkeeping requirements associated with a joint rule, which 
is being renewed without change, implementing the Unlawful Internet 
Gambling Enforcement Act of 2006 (the ``Act''). This notice is 
published jointly by the Agencies as part of their continuing effort to 
reduce paperwork and respondent burden. The public and other Federal 
agencies are invited to take this opportunity to comment on this 
information collection, as required by the Paperwork Reduction Act of 
1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).

DATES: Comments must be submitted on or before November 22, 2011.

ADDRESSES: Interested parties are invited to submit written comments to 
either or both of the Agencies. All comments, which should refer to the 
Office of Management and Budget (OMB) control numbers, will be shared 
between the Agencies. Direct all written comments as follows: Board: 
You may submit comments, identified by OMB control no. 7100-0317, by 
any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal E-Rulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: regs.comments@ federalreserve.gov. Include docket 
number in the subject line of the message.
     Fax: 202-452-3819 or 202-452-3102.
     Mail: Jennifer J. Johnson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue, 
NW., Washington, DC 20551.
    All public comments are available from the Board's Web site at: 
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, unless modified for technical reasons. Accordingly, your 
comments will not be edited to remove any identifying or contact 
information. Public comments may also be viewed electronically or on 
paper in Room MP-500 of the Board's Martin Building (20th and C 
Streets, NW.,) between 9 a.m. and 5 p.m. on weekdays.
    Treasury: You may submit comments, identified by OMB control no. 
1505-0204, by regular mail to Robert B. Dahl, Treasury Department 
Clearance Officer, U.S. Department of the Treasury, 1750 Pennsylvania 
Avenue, NW., Room 11020, Washington, DC 20220. In addition, comments 
may be sent by fax to (202) 927-6797, or by electronic mail to 
[email protected]. In general, the Treasury will make all 
comments available in their original format, including any business or 
personal information provided such as names, addresses, e-mail 
addresses, or telephone numbers, for public inspection and copying in 
the Treasury library, Room 1428, Main Treasury Building, 1500 
Pennsylvania Avenue, NW., Washington, DC 20220, on official business 
days between the hours of 10 a.m. and 5 p.m. You can make an 
appointment to inspect comments by calling (202) 622-0990. All comments 
received, including attachments and other supporting materials, are 
part of the public record and subject to public disclosure. You should 
only submit comments that you wish to make publicly available.
    Additionally, commenters should send a copy of their comments to 
the OMB desk officer for the Agencies by mail to the Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Room 10235 725 17th Street, NW., 
Paperwork Reduction Project (1505-0204 for Treasury or 7100-0317 for 
the Board), Washington, DC 20503 or by fax to 202-395-6974.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
a copy of the collection may be obtained by contacting:
    Board: Cynthia Ayouch, Federal Reserve Board Clearance Officer, 
(202) 452-3829, Division of Research and Statistics, Board of Governors 
of the Federal Reserve System, 20th and C Streets, NW., Washington, DC 
20551. Telecommunications Device for the Deaf (TDD) users may call 
(202) 263-4869.
    Treasury: Robert B. Dahl, Treasury Department Clearance Officer, 
(202) 622-3119, U.S. Department of the

[[Page 59189]]

Treasury, 1750 Pennsylvania Avenue, NW., Room 11020, Washington, DC 
20220.

SUPPLEMENTARY INFORMATION:

Request for Comment on Information Collection

    Comments are invited on:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Agencies' functions; including whether 
the information has practical utility;
    b. The accuracy of the Agencies' estimate of the burden of the 
proposed 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;
    d. Ways to minimize the burden of information collection 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.
    Comments submitted in response to this notice will be shared 
between the Agencies. All comments will become a matter of public 
record. Written comments should address the accuracy of the burden 
estimates and ways to minimize burden including the use of automated 
collection techniques or the use of other forms of information 
technology as well as other relevant aspects of the information 
collection request.

Proposal To Extend for Three Years, Without Revision, the Following 
Currently Approved Information Collection

    Title: Prohibition on Funding of Unlawful Internet Gambling.

OMB Control Numbers

    Board: 7100-0317.
    Treasury: 1505-0204.
    Abstract: On November 18, 2008, the Agencies published a joint 
notice of final rulemaking in the Federal Register (73 FR 69382) 
adopting a rule on a prohibition on the funding of unlawful Internet 
gambling pursuant to the Act. Identical sets of the final joint rule 
with identically numbered sections were adopted by the Board and the 
Treasury within their respective titles of the Code of Federal 
Regulations (12 CFR part 233 for the Board and 31 CFR part 132 for the 
Treasury). The compliance date for the joint rule was June 1, 2010 (74 
FR 62687). The collection of information is set out in sections 5 and 6 
of the joint rule.\1\ Section 5 of the joint rule, as required by the 
Act, requires all non-exempt participants in designated payment systems 
to establish and implement written policies and procedures reasonably 
designed to identify and block or otherwise prevent or prohibit 
transactions in connection with unlawful Internet gambling.\2\ Section 
6 of the joint rule provides non-exclusive examples of policies and 
procedures deemed by the Agencies to be reasonably designed to identify 
and block or otherwise prevent or prohibit transactions restricted by 
the Act.
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    \1\ Section 802 of the Act requires the Agencies to prescribe 
joint regulations requiring each designated payment system, and all 
participants in such systems, to identify and block or otherwise 
prevent or prohibit restricted transactions through the 
establishment of policies and procedures reasonably designed to 
identify and block or otherwise prevent or prohibit the acceptance 
of restricted transactions. 31 U.S.C. 5364(a). Section 802 also 
requires the Agencies to include in the joint rule non-exclusive 
examples of reasonably designed policies and procedures. 31 U.S.C. 
5364(b).
    \2\ 12 CFR 233.5 and 233.6; and 31 CFR 132.5 and 132.6.
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    Affected Public: Businesses or other for-profit and not-for-profit 
organizations.

Respondent Burden

    For the purpose of estimating burden and accounting for it with 
OMB, the total number of depository institutions listed for each Agency 
includes the number of entities regulated by the Agency and half of the 
remaining depository institutions and third-party processors. Each 
Agency is also accounting for the burden for half of the card system 
operators and money transmitting business operators to which the 
Agencies estimate the final rule applies.

Board

    Estimated number of recordkeepers: 3,300 depository institutions, 
3,701 credit unions, 3 card system operators, 8 money transmitting 
business operators, and 3 new or de novo institutions.
    Estimated average annual burden hours per recordkeeper: Ongoing 
annual burden of 8 hours per recordkeeper for depository institutions, 
credit unions, card system operators, and money transmitting business 
operators. One-time burden of 100 hours for new or de novo 
institutions.
    Estimated frequency: Annually.
    Estimated total annual recordkeeping burden: Ongoing burden, 56,096 
hours and one-time burden, 300 hours.

Treasury

    Estimated number of recordkeepers: 4,600 depository institutions, 
3,701 credit unions, 3 card system operators, 8 money transmitting 
business operators, and 3 new or de novo institutions.
    Estimated average annual burden hours per recordkeeper: Ongoing 
annual burden of 8 hours per recordkeeper for depository institutions, 
credit unions, card system operators, and money transmitting business 
operators. One-time burden of 100 hours for new or de novo 
institutions.
    Estimated frequency: Annually.
    Estimated total annual recordkeeping burden: Ongoing burden, 66,496 
hours and one-time burden, 300 hours.
    The Agencies 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 OMB control number.

    By the Board of Governors of the Federal Reserve System on 
September 19, 2011.
Jennifer J. Johnson,
Secretary of the Board.
    Dated: September 15, 2011.

    By the Department of the Treasury.
Robert B. Dahl,
Clearance Officer.
[FR Doc. 2011-24520 Filed 9-22-11; 8:45 am]
BILLING CODE 6210-01-P; 4810-25-P