Federal Register / Vol. 69, No. 243 / Monday, December 20, 2004 / Notices 76033

such media (31 CFR 103.36(c)). 

Required records must be maintained 

for five years. (31 CFR 103.38). 

Current Action: There is no change to 

the existing regulation. 

Type of Review: Extension of a 

currently approved information 

collection. 

Affected Public: Business and other 

for-profit institutions. 

Burden: 31 CFR 103.36(a)&(b)(1)–(8).

The estimated number of recordkeepers 

is 480. The estimated annual 

recordkeeping burden per recordkeeper 

is 100 hours, for a total estimated 

annual recordkeeping burden of 48,000. 

31 CFR 103.36(b)(9). The estimated 

number of recordkeepers is 480. The 

estimated annual recordkeeping burden 

per recordkeeper is 7.5 hours, for a total 

estimated annual recordkeeping burden 

of 3,600 hours. 

31 CFR 103.36(b)(11). The estimated 

number of recordkeepers is 62. The 

estimated number of transactions is 

215,000 annually and the total 

estimated annual recordkeeping burden 

is 686 hours. 

31 CFR 103.36(c). The estimated 

number of respondents is 480. The 

estimated annual recordkeeping burden 

per recordkeeper is 4 hours, for a total 

estimated annual recordkeeping burden 

of 1,920 hours. 

13. Title: Additional records to be 

made and retained by currency dealers 

or exchangers (31 CFR 103.37 and 

103.38). 

OMB Number: 1506–0009. 

Abstract: A currency dealer or 

exchanger must make and maintain a 

record of the taxpayer identification 

number of certain persons for whom a 

transaction account is opened or a line 

of credit is extended, and must maintain 

a list containing the names, addresses, 

and account or credit line numbers of 

those persons from whom it has been 

unable to secure such information. A 

currency dealer or exchanger must 

retain the original or a copy of certain 

documents, as specified in section 

103.37. The required records must be 

maintained for five years (31 CFR 

103.38). 

Current Action: There is no change to 

the existing regulation. 

Type of Review: Extension of a 

currently approved information 

collection. 

Affected Public: Business and other 

for-profit institutions. 

Burden: The estimated number of 

recordkeepers is 2,300. The estimated 

annual recordkeeping burden per 

recordkeeper is 16 hours, for a total 

estimated annual recordkeeping burden 

of 368,000 hours. 

14. Title: Nature of records and 

retention period (31 CFR 103.38). 

OMB Number: 1506–0009. 

Abstract: Records required to be 

retained by a financial institution under 

31 CFR part 103 must be retained for 5 

years, except for records or reports 

required under section 103.26 which 

shall be retained for the period of time 

specified in the targeting order imposing 

the recordkeeping or reporting 

requirement to which the particular 

retention period relates. 

Current Action: There is no change to 

the existing regulation. 

Type of Review: Extension of a 

currently approved information 

collection. 

Affected Public: Businesses or forprofit institutions, and non-profit 

institutions. 

Burden: The burden for this 

regulation is reflected in the reporting 

and recordkeeping provisions of 31 CFR 

part 103. 

15. Title: Special rules for casinos (31 

CFR 103.64, 103.36(b)(10), and 103.38). 

OMB Number: 1506–0009. 

Abstract: This section provides 

special rules for casinos, including the 

requirement that casinos maintain a 

written compliance program. 

Current Action: There is no change to 

the existing regulation. 

Type of Review: Extension of a 

currently approved information 

collection.

Affected Public: Business and other 

for-profit institutions. 

Burden: The estimated number of 

recordkeepers is 480. The estimated 

annual recordkeeping burden per 

recordkeeper is 100, for a total estimated 

annual recordkeeping burden of 48,000 

hours. 

16. Title: Administrative rulings (31 

CFR 103.81–87). 

OMB Number: 1506–0009. 

Abstract: These sections address 

administrative rulings under the Bank 

Secrecy Act. They explain how to 

submit a ruling request (103.81), how 

nonconfoming requests are handled 

(103.82), how oral communications are 

treated (103.83), how rulings are issued 

(103.85), how rulings are modified or 

rescinded (103.86), and how 

information [in connection with a ruling 

may be disclosed (103.87). 

Current Action: There is no change to 

the existing regulation. 

Type of Review: Extension of a 

currently approved information 

collection. 

Affected Public: Individuals, 

businesses or for-profit institutions, and 

non-profit institutions. 

Burden: The estimated number of 

responses is 60 annually, with a burden 

of 1 hour per submission, for a total 

annual burden of 60 hours. The 

following paragraph applies to all the 

collections of information addressed in 

this notice: 

An agency 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. 

Records required to be retained under 

the Bank Secrecy Act must be retained 

for five years. Generally, information 

collected pursuant to the Bank Secrecy 

Act is confidential, but may be shared 

as provided by law with regulatory and 

law enforcement authorities. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or 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 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’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: December 14, 2004. 

William J. Fox, 

Director, Financial Crimes Enforcement 

Network.

[FR Doc. 04–27738 Filed 12–17–04; 8:45 am] 

BILLING CODE 4810–02–P

DEPARTMENT OF THE TREASURY

RIN 1505–AA87 

Financial Crimes Enforcement 

Network; Agency Information 

Collection Activities; Proposed 

Collection; Comment Request

AGENCY: Financial Crimes Enforcement 

Network (FinCEN), Treasury.

ACTION: Notice and request for 

comments. 

SUMMARY: In order to comply with the 

requirements of the Paperwork 

Reduction Act of 1995, FinCEN intends 

to submit the information collections 

addressed in this notice for a three-year 

extension of approval by the Office of 

76034 Federal Register / Vol. 69, No. 243 / Monday, December 20, 2004 / Notices 

1OMB Control Number 1505–AA87 currently 

covers the information collection addressed in this 

notice. FinCEN intends to ask OMB to re-assign the 

control number in this collection to the 1506 series 

consistent with other rules issued under Title II of 

the Bank Secrecy Act.

Management and Budget (‘‘OMB’’). Prior 

to submission of the extension request, 

FinCEN is soliciting comment on those 

information collections 31 CFR 103.177.

DATES: Written comments should be 

received on or before February 18, 2005.

ADDRESSES: You may submit comments, 

identified by 1505–AA87, by any of the 

following methods: 

• Federal e-rulemaking portal: http://

www.regulations.gov. Follow the 

instructions for submitting comments. 

• E-mail: regcomments@fincen.

treas.gov. Include RIN 1505–AA87 in 

the subject line of the message. 

• Mail: FinCEN, P.O. Box 39, Vienna, 

VA 22183. Include RIN 1505–AA87 in 

the body of the text. 

Instructions: It is preferable for 

comments to be submitted by electronic 

mail because paper mail in the 

Washington, DC, area may be delayed. 

Please submit comments by one method 

only. All submissions received must 

include the agency name and the 

Regulatory Information Number (RIN) 

for this rulemaking. All comments 

received will be posted without change 

to http://www.fincen.gov, including any 

personal information provided. 

Comments may be inspected at FinCEN 

between 10 a.m. and 4 p.m., in the 

FinCEN reading room in Washington, 

DC. Persons wishing to inspect the 

comments submitted must request an 

appointment by telephoning (202) 354–

6400 (not a toll-free number).

FOR FURTHER INFORMATION CONTACT:

Office of Regulatory Programs, FinCEN, 

(202) 354–6400; and Office of Chief 

Counsel, FinCEN, at (703) 905–3590 

(not toll-free numbers).

SUPPLEMENTARY INFORMATION: The Bank 

Secrecy Act (‘‘BSA’’), Titles I and II of 

Public Law 91–508, as amended, 

codified at 12 U.S.C. 1829(b), 12 U.S.C. 

1951–1959, and 31 U.S.C. et seq., 

authorizes the Secretary of the Treasury, 

inter alia, to issue regulations requiring 

records and reports that are determined 

to have a high degree of usefulness in 

criminal, tax and regulatory matters. 

Title III of the USA PATRIOT Act of 

2001, Pub. L. 107–56, included certain 

amendments to the anti-money 

laundering provisions of Title II of the 

BSA, 31 U.S.C. 5311 et seq., which are 

intended to aid in the prevention, 

detection and prosecution of 

international money laundering and 

terrorist financing. Regulations 

implementing Title II of the BSA appear 

at 31 CFR part 103. The authority of the 

Secretary of the Treasury to administer 

Title II of the BSA has been delegated 

to the Director of FinCEN. 

The information collected and 

retained under the regulation addressed 

in this notice assist federal, state, and 

local law enforcement as well as 

regulatory authorities in the 

identification, investigation and 

prosecution of money laundering and 

other matters. In accordance with the 

requirements of the Paperwork 

Reduction Act of 1995, 44 U.S.C. 

3506(c)(2)(A), and its implementing 

regulations, the following information is 

presented concerning the information 

collection below.1

Title: Correspondent Accounts for 

Foreign Shell Banks; Recordkeeping and 

Termination of Correspondent Accounts 

for Foreign Banks (31 CFR 103.177). 

OMB Number: 1505–AA87. 

Abstract: Covered financial 

institutions are prohibited from 

maintaining correspondent accounts for 

foreign shell banks (31 CFR 

103.177(a)(1)). Covered financial 

institutions that maintain correspondent 

accounts for foreign banks must 

maintain records of owner(s) of the 

foreign bank and the names and address 

of a person residing in the United States 

who is authorized to accept service of 

legal process for the foreign bank. (31 

CFR 103.177(a)(2)). Covered financial 

institutions may satisfy these 

requirements by using the sample 

certification and re-certification forms 

contained in Appendices A and B of 

this regulation. Records of documents 

relied upon by a financial institution for 

purposes of this regulation must be 

maintained for at least five years after 

the date that the financial institution no 

longer maintains a correspondent 

account for such foreign bank (31 CFR 

103.177(e)).

Current Action: There is no change to 

the existing regulations. 

Type of Review: Extension of a 

currently approved collection notice. 

Affected Public: Businesses or for 

profit institutions, and non-profit 

institutions. 

Burden: The estimated average annual 

reporting burden associated with 

Appendix A is 20 hours per respondent; 

the estimated average annual reporting 

burden associated with Appendix B is 5 

hours per respondent; and the estimated 

average recordkeeping burden 

associated with section 103.177(e) is 9 

hours per recordkeeper. 

The following paragraph applies to 

the collection of information addressed 

in this notice. An agency 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. Records required to be 

retained under the BSA must be 

retained for five years. Generally, 

information collected pursuant to the 

BSA is confidential, but may be shared 

as provided by law with regulatory and 

law enforcement authorities. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or 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 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’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.

William J. Fox, 

Director.

[FR Doc. 04–27747 Filed 12–17–04; 8:45 am] 

BILLING CODE 4810–02–P

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the 

Currency 

[Docket No. 04–25] 

FEDERAL RESERVE SYSTEM 

[Docket No. OP–1218] 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

DEPARTMENT OF THE TREASURY 

Office of Thrift Supervision 

[No. 2004–57] 

Shared National Credit Data Collection 

Modernization

AGENCIES: Office of the Comptroller of 

the Currency, Treasury (OCC); Board of 

Governors of the Federal Reserve 

System (Board), the Federal Deposit 

Insurance Corporation (FDIC); and the 

Office of Thrift Supervision (OTS) as an 

assisting agency.

ACTION: Notice for public comment.