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Submission for OMB Review; Comment Request

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Start Preamble October 25, 2001.

The Department of Treasury has submitted the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of the submission(s) may be obtained by calling the Treasury Bureau Clearance Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury Department Clearance Officer, Department of the Treasury, Room 2110, 1425 New York Avenue, NW., Washington, DC 20220.

DATES:

Written comments should be received on or before December 5, 2001 to be assured of consideration.

Financial Crimes Enforcement Network (FinCEN)

OMB Number: 1506-0009.

Form Number: TD F 90-22.1.

Type of Review: Extension.

Title: Financial Recordkeeping and Reporting of Currency and Foreign Financial Accounts.

Description: The Bank Secrecy Act, Public Law 90-508, authorizes the Secretary of the Treasury to require financial institutions and individuals to keep records and file reports that the Secretary determines to have a high degree of usefulness in criminal, tax, and regulatory matters.

Respondents: Business or other for-profit, Individuals or households, Not-for-profit institution.

Estimated Number of Recordkeepers: 13,000,000.

Estimated Burden Hours Per Recordkeeping:

Form and/or CFR partTitleResponse time
IRS Form 4789; 31 CFR 103.22(b)(1), 103.27(a), 103.27(d), and 103.28Reports of Transactions in Currency5 minutes.
IRS Form 8362; 31 CFR 103.22(b)(2), 103.27(a), 103.27(d), and 103.28Reports of Transactions in Currency19 minutes (per respondent), 5 minutes (per recordkeeper).
TD 90-22.53; 31 CFR 103.22(d), 103.27(a), and 103.27(d)Transactions of Exempt Person1 hour, 22 minutes.
Customs Form 4790; 31 CFR 103.23 and 103.27Reports of Transportation of Currency or Monetary Instruments11 minutes.
TD F 90-22.1; 31 CFR 103.24, 103.27(d), 103.32Report of Foreign Bank and Financial Accounts; and Reports of Foreign Financial Accounts10 minutes (per respondent), 5 minutes (per recordkeeper).
31 CFR 103.25Reports of Transactions with Foreign Agencies1 hour.
31 CFR 103.26 and 103.33(d)Reports of Certain Domestic Coin and Currency Transactions19 minutes (per respondent), 5 minutes (per recordkeeper).
31 CFR 103.29 and 103.38Purchases of Bank Checks and Drafts, Cashier's Checks, Money Orders and Traveler's Checks7 hours, 30 minutes.
31 CFR 103.33: 103.33(a)-(c)Records to be Made and Retained by Financial Institutions50 hours.
103.33(e)-(f)16 hours.
103.33(g), 103.3812 hours.
31 CFR 103.34 and 103.38Additional Records to be Made and Retained by Banks100 hours.
31 CFR 103.35 and 103.38Additional Records to be Made and Retained by Brokers or Dealers in Securities100 hours.
31 CFR 103.36: 103.36(a)&(b)(1)-(8)Additional Records to be Made and Retained by Casinos100 hours.
103.36(b)(9), 103.36(b)(11)7 hours, 30 minutes.
Start Printed Page 55983
103.36(c), 103.384 hours.
31 CFR 103.37 and 103.38Additional Records to be Made and Retained by Currency Dealers and Exchangers16 hours.
31 CFR 103.38Nature of Records and Retention Period
31 CFR 103.64, 103.36(b)(10), and 103.38Special Rules or Casinos100 hours.
31 CFR 103.81-87Administrative Rulings1 hour.

Frequency of Response: Annually.

Estimated Total Recordkeeping Burden: 10,942,392 hours.

Clearance Officer: Lois K. Holland, (202) 622-1563, Departmental Offices, Room 2110, 1425 New York Avenue, NW., Washington, DC 20220.

OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of Management and Budget, Room 10202, New Executive Office Building, Washington, DC 20503.

Start Signature

Lois K. Holland,

Departmental Reports Management Officer.

End Signature End Preamble

[FR Doc. 01-27649 Filed 11-2-01; 8:45 am]

BILLING CODE 4810-31-P