[Federal Register Volume 77, Number 28 (Friday, February 10, 2012)]
[Notices]
[Pages 7162-7163]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-3073]


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 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

 DEPARTMENT OF THE TREASURY


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

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

ACTION: Submission for OMB review; comment request.

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SUMMARY: Currently, the Treasury is soliciting comment 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''). The Board has 
approved this information collection under its delegated authority from 
OMB. 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 March 12, 2012.

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.
     Email: [email protected]. 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: 
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 in 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,

[[Page 7163]]

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

SUPPLEMENTARY INFORMATION: Proposal to extend OMB approval 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 implementing certain provisions of the Act's 
prohibition on the funding of unlawful Internet gambling. 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 or its offices 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.
    Current Actions: On September 23, 2011 the Agencies published a 
joint notice in the Federal Register (76 FR 59188) requesting public 
comment for 60 days on the extension, without revision, of the 
Prohibition on Funding of Unlawful Internet Gambling information 
collection. The comment period for this notice expired on November 22, 
2011. The Agencies did not receive any comments and therefore will 
proceed with extending the information collection as proposed.

    By the Board of Governors of the Federal Reserve System on 
February 6, 2012.
Jennifer J. Johnson,
Secretary of the Board.
    Dated: February 2, 2012.

    By the Department of the Treasury.
Robert B. Dahl,
Clearance Officer.
[FR Doc. 2012-3073 Filed 2-9-12; 8:45 am]
BILLING CODE 6210-01-P; 4810-25-P