Federal Register / Vol. 83, No. 163 / Wednesday, August 22, 2018 / Notices 42555 

1 83 FR 16431 (April 16, 2018). 

2www.regulations.gov. Docket Number: NHTSA– 

2018–0051. 

3 44 U.S.C. 3502(3). 

4See: https://www.reginfo.gov/public/do/ 

PRAOMBHistory?ombControlNumber=2127-0518 

(last accessed June 22, 2018). 

this information collection.1 In 

response, the agency received three 

comments, only one of which was 

relevant to this collection.2

The Governors Highway Safety 

Association (GHSA) expressed its 

support for strong motorcycle helmet 

labeling requirements, and submitted 

information about motorcycle safety. 

GHSA commented that this information 

collection was ‘‘atypical’’ in their view. 

GHSA explained that typically ICRs 

involved the collection or submission of 

information directly to the agency and 

that while NHTSA spot checks the 

performance of motorcycle helmets 

through a compliance program, the 

content of the label is more for the 

benefit of consumers and law 

enforcement. 

GHSA is correct that a common type 

of information collection under the 

Paperwork Reduction Act (PRA) occurs 

when an agency directly collects 

information from the public. However, a 

collection of information, as defined by 

the PRA, means ‘‘the obtaining, causing 

to be obtained, soliciting, or requiring 

the disclosure to third parties or the 

public, of facts or opinions by or for an 

agency, regardless of form or format 

. . .’’ 3 This labeling requirement 

imposes a disclosure (label) to the 

public, and is therefore covered by the 

PRA. NHTSA has sought and received 

PRA clearance for FMVSS No. 218 

dating back to 1984.4 Therefore, NHTSA 

believes no changes are necessary in 

response to comments. 

The following describes the collection 

of information for which NHTSA 

intends to seek OMB approval. It is 

titled ‘‘Motorcycle Helmets (Labeling),’’ 

OMB Control Number: 2127–0518. 

NHTSA’s existing collection for FMVSS 

No. 218 expired during the 60 day 

notice comment period, therefore the 

agency has amended the type of request 

to be a reinstatement of a previously 

approved collection. 

Title: Motorcycle Helmets (Labeling). 

OMB Control Number: 2127–0518. 

Type of Request: Reinstatement 

without change of previously approved 

collection of information. 

Abstract: The National Traffic and 

Motor Vehicle Safety Act, now codified 

at 49 U.S.C. 30111, authorizes the 

issuance of FMVSS. Moreover, under 49 

U.S.C. 30117, the Secretary is also 

authorized to require manufacturers to 

provide information to first purchasers 

of motor vehicles or motor vehicle 

equipment when the vehicle equipment 

is purchased, in the form of printed 

matter placed in the vehicle or attached 

to the motor vehicle or motor vehicle 

equipment. The Secretary is authorized 

to issue, amend, and revoke such rules 

and regulations as he/she deems 

necessary. 

Using this authority, the agency 

issued the initial FMVSS No. 218 in 

1974. Motorcycle helmets are devices 

used to protect motorcyclists from head 

injury in motor vehicle crashes. FMVSS 

No. 218 S5.6 requires that each helmet 

shall be labeled permanently and legibly 

in a manner such that the label(s) can 

be read easily without removing 

padding or any other permanent part. 

Affected Public: Motorcycle helmet 

manufacturers. 

Estimated Number of Respondents: 

45. 

Frequency: Every certified helmet 

produced. 

Number of Responses: 3,250,000. 

Estimated Total Annual Burden 

Hours: 9,100. 

Estimated Total Annual Burden Cost: 

$1,300,000 ($1.3 million). 

The 45 respondents (helmet 

manufacturers) produce a total of 

3,250,000 annual responses. A 

manufacturer spends approximately 

0.0028 hours per response. The 

estimated annual number of burden 

hours for helmet manufacturers is 9,100 

burden hours per year (3,250,000 × 

0.028 hours). Using a total labeling cost 

of $0.40, the estimated total annual 

burden cost is $1,300,000 (3,250,000 × 

$0.40). 

Public Comments Invited: You are 

asked to comment on any aspects of this 

information collection, including: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Department, including whether the 

information will have practical utility; 

(b) the accuracy of the Department’s 

estimate of the burden of the proposed 

information collection; (c) ways to 

enhance the quality, utility and clarity 

of the information to be collected; and 

(d) ways to minimize the burden of the 

collection of information on 

respondents, including the use of 

automated collection techniques or 

other forms of information technology. 

Authority: The Paperwork Reduction 

Act of 1995, 44 U.S.C. Chapter 35, as 

amended; and Delegation of Authority 

at 49 CFR 1.95 and 501.8. 

Raymond R. Posten, 

Associate Administrator for Rulemaking. 

[FR Doc. 2018–18052 Filed 8–21–18; 8:45 am] 

BILLING CODE 4910–59–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Agency Information Collection 

Activities; Proposed Renewal; 

Comment Request; Renewal Without 

Change of Recordkeeping and 

Termination of Correspondent 

Accounts for Foreign Banks 

AGENCY: Financial Crimes Enforcement 

Network (‘‘FinCEN’’), U.S. Department 

of the Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: FinCEN invites comment on 

the renewal of information collections 

in existing regulations requiring records 

concerning owners of foreign banks and 

agents of foreign banks for service of 

legal process. 

DATES: Written comments are welcome 

and must be received on or before 

October 22, 2018. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

• Federal E-rulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

Refer to Docket Number FINCEN–2018– 

0011 and the Office of Management and 

Budget (‘‘OMB’’) control number 1506– 

0043. 

• Mail: Policy Division, Financial 

Crimes Enforcement Network, P.O. Box 

39, Vienna, VA 22183. Refer to Docket 

Number FINCEN–2018–0011 and OMB 

control number 1506–0043. 

Please submit comments by one 

method only. Comments will also be 

incorporated to FinCEN’s retrospective 

regulatory review process, as mandated 

by E.O. 12866 and 13563. All comments 

submitted in response to this notice will 

become a matter of public record. 

Therefore, you should submit only 

information that you wish to make 

publicly available. 

FOR FURTHER INFORMATION CONTACT: The 

FinCEN Resource Center at 800–767– 

2825 or electronically at frc@fincen.gov. 

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, 

among other things, to require financial 

institutions to keep records and file 

reports that are determined to have a 

high degree of usefulness in criminal, 

tax, and regulatory matters or in the 

conduct of intelligence or counterintelligence activities to protect against 

international terrorism, and to 

implement counter-money laundering 


amozie on DSK3GDR082PROD with NOTICES1
42556 Federal Register / Vol. 83, No. 163 / Wednesday, August 22, 2018 / Notices 

1Language expanding the scope of the BSA to 

intelligence or counter-intelligence activities to 

protect against international terrorism was added by 

Section 358 of the Uniting and Strengthening 

America by Providing Appropriate Tools Required 

to Intercept and Obstruct Terrorism Act of 2001, 

Public Law 107–56. 

2FinCEN does not have an independent method 

to research the exact number of foreign bank 

certifications and recertfications in any given year 

because depository institutions do not file the 

model form with FinCEN and only provide the data 

upon FinCEN’s request. Accordingly, FinCEN has 

chosen to take an expansive approach in its 

estimates of yearly certifications and 

recertifications. 

programs and compliance procedures.1

Title III of the USA PATRIOT Act of 

2001, Public Law 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 Chapter X. 

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 assists Federal, 

state, and local law enforcement as well 

as regulatory authorities in the 

identification, investigation and 

prosecution of money laundering and 

other matters. 

This request for comments is being 

made pursuant to the Paperwork 

Reduction Act (‘‘PRA’’) of 1995, Public 

Law 104–13, 44 U.S.C. 3506(c)(2)(A). In 

accordance with the requirements of the 

PRA and its implementing regulations, 

the following information is presented 

concerning the information collection 

below. 

Title: Correspondent Accounts for 

Foreign Shell Banks; Recordkeeping and 

Termination of Correspondent Accounts 

for Foreign Banks (31 CFR 1010.630). 

OMB Control Number: 1506–0043. 

Abstract: Covered financial 

institutions are prohibited from 

maintaining correspondent accounts for 

foreign shell banks (31 CFR 

1010.630(a)(1)). Covered financial 

institutions that maintain correspondent 

accounts for foreign banks must 

maintain records of owner(s) of the 

foreign bank and the name 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 1010.630(a)(2)). Covered financial 

institutions may satisfy these 

requirements by using the sample 

certification on the FinCEN website: 

(https://www.fincen.gov/sites/default/ 

files/shared/Certification%20

Regarding%20Correspondent

%20Accounts%20for%20

Foreign%20Banks.pdf) and recertification (https://www.fincen.gov/ 

sites/default/files/shared/Recertification

%20Regarding%20Correspondent

%20Accounts%20for%20Foreign%20

Banks.pdf). Records of documents relied 

upon by a financial institution for 

purposes of 31 CFR 1010.630 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 

1010.630(e)). 

Current Action: Renewal without 

change to the existing regulations. 

Type of Review: Renewal without 

change of a currently approved 

collection. 

Affected Public: Businesses and other 

for-profit institutions. 

Burden: It is estimated that 2,000 

covered financial institutions maintain 

correspondent accounts with 9,000 

foreign banks. The estimated average 

annual reporting burden associated with 

certification is 180,000 hours (9,000 

responses at 20 hours per response); the 

estimated average annual reporting 

burden associated with recertification is 

45,000 hours (9,000 responses at 5 hours 

per response); and the estimated average 

recordkeeping burden associated with 

section 1010.630(e) is 81,000 hours 

(9,000 responses at 9 hours per 

response).2 Total PRA burden for this 

OMB Control number is 306,000 hours. 

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. 

Jamal El-Hindi, 

Deputy Director, Financial Crimes 

Enforcement Network. 

[FR Doc. 2018–18079 Filed 8–21–18; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Agency Information Collection 

Activities; Proposed Renewal; 

Comment Request; Renewal Without 

Change of Suspicious Activity 

Reporting Requirements by Brokers or 

Dealers in Securities and Futures 

Commission Merchants and 

Introducing Brokers in Commodities 

AGENCY: Financial Crimes Enforcement 

Network (‘‘FinCEN’’), U.S. Department 

of the Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: FinCEN invites comment on 

the renewal of an information collection 

requirement for the recordkeeping and 

reporting of suspicious activities by 

brokers or dealers in securities and 

futures commission merchants and 

introducing brokers in commodities. 

DATES: Written comments are welcome 

and must be received on or before 

October 22, 2018. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

• Federal E-rulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

Refer to Docket Number FINCEN–2018– 

0009 and OMB control number 1506– 

0019. 

• Mail: Policy Division, Financial 

Crimes Enforcement Network, P.O. Box 

39, Vienna, VA 22183. Refer to Docket 

Number FINCEN–2018–0009 and OMB 

control number 1506–0019. 

Please submit comments by one 

method only. Comments will also be 

incorporated to FinCEN’s retrospective 

regulatory review process, as mandated 

by E.O. 12866 and 13563. All comments 

submitted in response to this notice will 

become a matter of public record. 

Therefore, you should submit only 

information that you wish to make 

publicly available. 


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