Federal Register / Vol. 62, No. 42 / Tuesday, March 4, 1997 / Notices 9821

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

for a copy of the form should be

directed to Leonard Senia, Senior

Financial Enforcement Officer; Office of

Regulatory Policy and Enforcement,

(703) 905–3931, or by inquiry to the

Internet e-mail address shown above. A

copy of the CTRC form, as well as all

other forms required by the Bank

Secrecy Act, can be obtained through

the Internet at http://

www.irs.ustreas.gov/prod/forms-pubs/

forms.html.

SUPPLEMENTARY INFORMATION: The

Currency and Foreign Transactions

Reporting Act (commonly known as the

Bank Secrecy Act) Titles I and II of Pub.

L. 91–508, as amended, codified at 12

U.S.C. 1829b, 12 U.S.C. 1951–1959, and

31 U.S.C. 5311–5314, 5316–5326, 5328–

5330, 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. Regulations

implementing Title II of the Bank

Secrecy Act (BSA) (codified at 31 U.S.C.

5311–5314, 5316–5326, 5328–5330)

appear at 31 CFR Part 103. The

authority of the Secretary to administer

the BSA regulations has been delegated

to the Director of FinCEN.

The Bank Secrecy Act specifically

authorizes the Secretary to issue

regulations that require a report when

‘‘a domestic financial institution is

involved in a transaction for the

payment, receipt, or transfer of United

States coins or currency (or other

monetary instruments the Secretary of

the Treasury prescribes), in an amount,

denomination, or amount and

denomination, or under circumstances

the Secretary prescribes * * *’’ See 31

U.S.C. 5313(a). The BSA also defines

casinos as financial institutions. 31

U.S.C. 5312(a)(2)(X). See 31 CFR

103.11(n)(7)(i). The authority of 31

U.S.C. 5313(a) to require domestic

financial institutions to report certain

transactions has been implemented

through regulations promulgated at 31

CFR 103.22(a)(2) and through

promulgation of the CTRC, IRS Form

8362.

Information collected on the CTRC is

made available, in accordance with

strict safeguards, to appropriate criminal

law enforcement and regulatory

personnel in the official performance of

their duties. The information collected

is used for regulatory purposes and in

investigations involving international

and domestic money laundering, tax

violations, fraud, and other financial

crimes.

This notice proposes changes to the

current text of the CTRC and to its

instructions, as well as the extension of

this information collection requirement.

The CTRC is being revised to enhance

its value to law enforcement personnel

and, in many instances, to simplify it by

eliminating non-critical items. Also,

FinCEN intends to replace the current

OMB Control Number for this collection

requirement with a new OMB Control

Number. This technical change will

facilitate FinCEN’s oversight over BSA

information collection requirements by

obtaining a unique OMB Control

Number for each form.

In accordance with requirements of

the Paperwork Reduction Act of 1995,

44 U.S.C. 3506(c)(2)(A), and its

implementing regulations, 5 CFR 1320,

the following information concerning

the collection of information on the

CTRC is presented to assist those

persons wishing to comment on the

information collection. (Since the

number of respondents has significantly

increased during 1996 because of the

inclusion of tribal casinos under the

BSA, the estimates below are based on

1996 filings.)

Title: Currency Transaction Report by

Casinos.

Form Number: IRS Form 8362.

OMB Number: 1506–0003.

Description of Respondents: All

United States casinos, except those in

Nevada. A separate form will be

authorized for use by casinos in Nevada,

which are subject to state imposed

reporting and recordkeeping

requirements, pursuant to 31 CFR

103.45.

Estimated Number of Respondents:

300.

Estimated Number of Annual

Responses: 93,000.

Frequency: As required.

Estimate of Burden: Reporting average

of 19 minutes per response;

recordkeeping average of 5 minutes per

response.

Estimate of Total Annual Burden on

Respondents: Reporting burden estimate

= 29,450 hours; recordkeeping burden 5

estimate = 7,750 hours. Estimated

combined total of 37,200 hours.

Estimate of Total Annual Cost to

Respondents for Hour Burdens: Based

on $20 per hour, the total cost to the

public is estimated to be $744,000.

Estimate of Total Other Annual Costs

to Respondents: None.

Type of Request: Revision and

extension of a currently approved

information collection.

Request for Comments

FinCEN specifically invites comments

on the following subjects: (a) Whether

the proposed collection of information

is necessary for the proper performance

of the mission of FinCEN, including

whether the information shall have

practical utility; (b) the accuracy of

FinCEN’s estimate of the burden of the

proposed collection of information; (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 through the

use of automated collection techniques

or other forms of information

technology.

In addition, the Paperwork Reduction

Act of 1995 requires agencies to

estimate the total annual cost burden to

respondents or recordkeepers resulting

from the collection of information.

Thus, FinCEN also specifically requests

comments to assist with this estimate. In

this connection, FinCEN requests

commenters to identify any additional

costs associated with the completion of

the form. These comments on costs

should be divided into two parts: (1)

any additional costs associated with

reporting; and (2) any additional costs

associated with recordkeeping.

Responses to the questions posed by

this notice will be summarized and

included in the request for Office of

Management and Budget approval. All

comments will become a matter of

public record.

Dated: February 21, 1997

Stanley E. Morris,

Director, Financial Crimes Enforcement

Network.

[FR Doc. 97–5305 Filed 3–3–97; 8:45 am]

BILLING CODE 4820–3–P

Bureau of Alcohol, Tobacco and

Firearms

Proposed Collection; Comment

Request

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, 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 proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the Bureau of

Alcohol, Tobacco and Firearms within

the Department of the Treasury is

soliciting comments concerning the

Distilled Spirits Plants, Excise Taxes.
9822 Federal Register / Vol. 62, No. 42 / Tuesday, March 4, 1997 / Notices

DATES: Written comments should be

received on or before May 5, 1997, to be

assured of consideration.

ADDRESSES: Direct all written comments

to Bureau of Alcohol, Tobacco and

Firearms, Linda Barnes, 650

Massachusetts Avenue, NW.,

Washington, DC 20226, (202) 927–8930.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form(s) and instructions

should be directed to Daniel Hiland,

Wine, Beer and Spirits Regulations

Branch, 650 Massachusetts Avenue,

NW., Washington, DC 20226, (202) 927–

8210.

SUPPLEMENTARY INFORMATION:

Title: Distilled Spirits Plants, Excise

Taxes OMB Number: 1512–0203

Recordkeeping Requirement ID

Number: ATF REC 5110/06

Abstract: The collection of

information is necessary to account for

and verify taxable removals of distilled

spirits. The data is used to audit tax

payments. The record retention

requirement for this information

collection is 3 years.

Current Actions: There are no changes

to this information collection and it is

being submitted for extension purposes

only.

Type of Review: Extension

Affected Public: Business or other forprofit

Estimated Number of Respondents:

133

Estimated Time Per Respondent: 26

hours

Estimated Total Annual Burden

Hours: 3458

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: February 24, 1997.

John W. Magaw,

Director.

[FR Doc. 97–5203 Filed 3–3–97; 8:45 am]

BILLING CODE 4810–31–P

Proposed Collection; Comment

Request

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, 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 proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the Bureau of

Alcohol, Tobacco and Firearms within

the Department of the Treasury is

soliciting comments concerning the

Formula For Distilled Spirits Under the

Federal Alcohol Administration Act.

DATES: Written comments should be

received on or before May 5, 1997 to be

assured of consideration.

ADDRESSES: Direct all written comments

to Bureau of Alcohol, Tobacco and

Firearms, Linda Barnes, 650

Massachusetts Avenue, NW.,

Washington, DC 20226, (202) 927–8930.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form(s) and instructions

should be directed to Roberta Sanders,

Product Compliance Branch, 650

Massachusetts Avenue, NW.,

Washington, DC 20226, (202) 927–8116.

SUPPLEMENTARY INFORMATION:

Title: Formula For Distilled Spirits

Under the Federal Alcohol

Administration Act.

OMB Number: 1512–0204.

Form Number: ATF F 5110.38.

Abstract: ATF F 5110.38 is used to

determine the classification of distilled

spirits for labeling and for consumer

protection. The form describes the

person filing, type of product to be

made and restrictions to the label and/

or manufacturing process. The form is

used by ATF to ensure that a product is

made and labeled properly and to audit

distilled spirits operations. Records are

kept indefinitely for this information

collection.

Current Actions: There are no changes

to this information collection and it is

being submitted for extension purposes

only.

Type of Review: Extension.

Affected Public: Business or other forprofit.

Estimated Number of Respondents:

200.

Estimated Time Per Respondent: 1

hour.

Estimated Total Annual Burden

Hours: 4,000.

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: February 25, 1997.

John W. Magaw,

Director.

[FR Doc. 97–5205 Filed 3–3–97; 8:45 am]

BILLING CODE 4810–31–P

Proposed Collection; Comment

Request

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, 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 proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the Bureau of

Alcohol, Tobacco and Firearms within

the Department of the Treasury is

soliciting comments concerning the

Application For Transfer of Spirits and/

or Denatured Spirits in Bond.

DATES: Written comments should be

received on or before May 5, 1997 to be

assured of consideration.

ADDRESSES: Direct all written comments

to Bureau of Alcohol, Tobacco and

Firearms, Linda Barnes, 650

Massachusetts Avenue, NW.,

Washington, DC 20226, (202) 927–8930.