[Federal Register Volume 84, Number 87 (Monday, May 6, 2019)]
[Notices]
[Pages 19825-19826]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09135]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Minimum Security Devices and Procedures, 
Reports of Suspicious Activities, and Bank Secrecy Act Compliance 
Program

AGENCY: Office of the Comptroller of the Currency (OCC), Department of 
the Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other federal 
agencies to take this opportunity to comment on information collections 
as required by the Paperwork Reduction Act of 1995 (PRA).
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and the respondent is not required to respond to, 
an information collection unless it displays a currently valid Office 
of Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning renewal of its information 
collection titled, ``Minimum Security Devices and Procedures, Reports 
of Suspicious Activities, and Bank Secrecy Act Compliance Program.''

DATES: Written comments should be received on or before July 5, 2019.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0180, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0180'' in your comment. In general, the OCC will publish your 
comment on www.reginfo.gov without change, including any business or 
personal information that you provide, such as name and address 
information, email addresses, or phone numbers. Comments received, 
including attachments and other supporting materials, are part of the 
public record and subject to public disclosure. Do not include any 
information in your comment or supporting materials that you consider 
confidential or inappropriate for public disclosure.
    You may review comments and other related materials that pertain to 
this information collection beginning on the date of publication of the 
second notice for this collection\1\ by any of the following methods:
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    \1\ Following the close of the 60-day comment period for this 
notice, the OCC will publish a notice for 30 days of comment for 
this collection.
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     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0180'' or ``Minimum Security Devices and Procedures, 
Reports of Suspicious Activities, and Bank Secrecy Act Compliance 
Program.'' Upon finding the appropriate information collection, click 
on the related ``ICR Reference Number.'' On the next screen, select 
``View Supporting Statement and Other Documents'' and then click on the 
link to any comment listed at the bottom of the screen.
     For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.
     Viewing Comments Personally: You may personally inspect 
comments at the OCC, 400 7th Street SW, Washington, DC. For security 
reasons, the OCC requires that visitors make an appointment to inspect 
comments. You may do so by calling (202) 649-6700 or, for persons who 
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival, 
visitors will be required to present valid government-issued photo 
identification and submit to security screening in order to inspect 
comments.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, Chief Counsel's Office, (202) 649-5490 or, for persons who are 
deaf or hearing impaired, TTY, (202) 649-5597, Office of the 
Comptroller of the Currency, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal 
agencies must obtain approval from the OMB for each collection of 
information they conduct or sponsor. ``Collection of information'' is 
defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency 
requests or requirements that members of the public submit reports, 
keep records, or provide information to

[[Page 19826]]

a third party. Section 3506(c)(2)(A) of title 44 requires federal 
agencies to provide a 60-day notice in the Federal Register concerning 
each proposed collection of information, including each proposed 
extension of an existing collection of information, before submitting 
the collection to OMB for approval. To comply with this requirement, 
the OCC is publishing notice of the proposed collection of information 
set forth in this document.
    Title: Minimum Security Devices and Procedures, Reports of 
Suspicious Activities, and Bank Secrecy Act Compliance Program.
    OMB Control No.: 1557-0180.
    Form Numbers: 8010-1/8010-9.
    Abstract:
    Minimum Security Devices and Procedures: Under 12 CFR 21.2, 21.4, 
168.2, and 168.4, national banks and savings associations are required 
to designate a security officer who must develop and administer a 
written security program. The security officer shall report at least 
annually to the institution's board of directors on the effectiveness 
of the security program. The substance of the report shall be reflected 
in the board's minutes. These requirements ensure that the security 
officer is responsible for the security program and that institution 
management and the board of directors are aware of the content and 
effectiveness of the program. These requirements also ensure prudent 
institution management and institution safety and soundness.
    Suspicious Activity Report (SAR): In 1992, the Department of the 
Treasury was granted broad authority to require suspicious transaction 
reporting under the Bank Secrecy Act (BSA). See, 31 U.S.C. 5318(g). The 
Financial Crimes Enforcement Network (FinCEN), which has been delegated 
the authority to administer the BSA, joined with the bank regulators in 
1996 in requiring, on a consolidated form (i.e., SAR), reports of 
suspicious transactions. See, 31 CFR 1020.320(a) (formerly 31 CFR 
103.18(a)). The filing of SARs is necessary to prevent and detect 
crimes involving depository institution funds, institution insiders, 
criminal transactions, and money laundering. These requirements are 
necessary to ensure institution safety and soundness.
    Banks and savings associations are required to maintain a copy of 
any SAR filed and the original or business record equivalent of any 
supporting documentation for a period of five years. The documents are 
necessary for criminal investigations and prosecutions.
    FinCEN and the Federal financial institution supervisory agencies 
\2\ adopted the SAR form to simplify the process through which 
depository institutions inform their regulators and law enforcement 
about suspected criminal activity. The SAR form was updated in 1998, 
2000, 2003, 2006, 2011, 2012, 2015, and 2018.
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    \2\ The Federal financial institution supervisory agencies are 
the Office of the Comptroller of the Currency (OCC), Board of 
Governors of the Federal Reserve System (Board), Federal Deposit 
Insurance Corporation (FDIC), and National Credit Union 
Administration (NCUA). The Office of Thrift Supervision, which was 
in existence at the time the SAR was adopted, was merged into the 
OCC in 2011.
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    Procedures for Monitoring Bank Secrecy Act Compliance: Under 12 CFR 
21.21, national banks and savings associations are required to develop 
and provide for the continued administration of a program reasonably 
designed to assure and monitor their compliance with the BSA and 
applicable Treasury regulations. The compliance program must be in 
writing, approved by the board of directors, and reflected in the 
minutes of the national bank or savings association. These requirements 
are necessary to ensure institution compliance with the BSA and 
applicable Treasury regulations.
    Type of Review: Regular.
    Affected Public: Business, for-profit institutions, and non-profit.
    Estimated Number of Respondents: 1,233.
    Estimated Total Annual Burden: 615,130 hours.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments will become 
a matter of public record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information shall have practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection of information 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.

    Dated: April 30, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-09135 Filed 5-3-19; 8:45 am]
BILLING CODE 4810-33-P