[Federal Register Volume 74, Number 51 (Wednesday, March 18, 2009)]
[Notices]
[Pages 11632-11633]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-5786]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


 Proposed Collection; Comment Request; Currency Transaction 
Report by Casinos

AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, FinCEN invites comment on a proposed extension, 
without change, of an existing information collection requirement 
contained in the form, ``Currency Transaction Report by Casinos, FinCEN 
Form 103.'' This request for comments is being made pursuant to the 
Paperwork Reduction Act of 1995, Public Law 104-13, 44 U.S.C. 
3506(c)(2)(A).

DATES: Written comments are welcome and must be received on or before 
May 18, 2009.

ADDRESSES: Written comments should be submitted to: Regulatory Policy 
and Programs Division, Financial Crimes Enforcement Network, Department 
of the Treasury, P.O. Box 39, Vienna, Virginia 22183, Attention: 
Paperwork Reduction Act Comments--Currency Transaction Report by 
Casinos Form. Comments also may be submitted by electronic mail to the 
following Internet address: <a href="/cdn-cgi/l/email-protection#d3a1b6b4b0bcbebeb6bda7a093b5babdb0b6bdfdb4bca5"><span class="__cf_email__" data-cfemail="5d2f383a3e3230303833292e1d3b34333e3833733a322b">[email protected]</span></a>, again with a 
caption, in the body of the text, ``Attention: Paperwork Reduction Act 
Comments--Currency Transaction Report by Casinos Form.''
    Inspection of comments. Comments may be inspected, between 10 a.m. 
and 4 p.m., in the FinCEN reading room in Vienna, VA. Persons wishing 
to inspect the comments submitted must request an appointment with the 
Disclosure Officer by telephoning (703) 905-5034 (Not a toll free 
call).

FOR FURTHER INFORMATION CONTACT: Regulatory Policy and Programs 
Division at (800) 949-2732. Option 4

SUPPLEMENTARY INFORMATION: 
    Title: Currency Transaction Report by Casinos.
    OMB Number: 1506-0005.
    Form Number: FinCEN Form 103.
    Abstract: The statute generally referred to as the ``Bank Secrecy 
Act,'' Titles I and II of Public Law 91-508, as amended, codified at 12 
U.S.C. 1829b, 12 U.S.C. 1951-1959, and 31 U.S.C. 5311-5332, authorizes 
the Secretary of the Treasury, inter alia, 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 counter-intelligence 
activities, to protect against international terrorism, and to 
implement counter-money laundering programs and compliance 
procedures.\1\ Regulations implementing Title II of the Bank Secrecy 
Act appear at 31 CFR part 103. The authority of the Secretary of the 
Treasury to administer the Bank Secrecy Act has been delegated to the 
Director of the Financial Crimes Enforcement Network.
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    \1\ Language expanding the scope of the Bank Secrecy Act 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.
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    Section 5313(a) authorizes the Secretary of the Treasury 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 [sic] 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.'' Regulations implementing section 5313(a) are 
found at 31 CFR 103.22. In general, the regulations require the 
reporting of transactions in currency in excess of $10,000 a day. 
Casinos, as defined in 31 U.S.C. 5312(a)(2)(X) and 31 CFR 
103.11(n)(7)(i), are financial institutions subject to the currency 
transaction reporting requirement. Card clubs, as defined in 31 CFR 
103.11(n)(8)(i), are casinos subject to currency transaction reporting. 
(See 63 FR 1919, January 13, 1998.) The Currency Transaction Report by 
Casinos, FinCEN Form 103, is the form casinos and card clubs use to 
comply with the currency transaction reporting requirements.
    The current CTR-C may be reviewed at: http://www.fincen.gov/forms/files/fin103_ctrc.pdf.
    Type of Review: Extension, without change, of an approved 
information collection.
    Affected Public: Business or other for-profit institutions.
    Frequency: As required.
    Estimated Burden: Reporting average of 20 minutes per response.\2\ 
Form record keeping average of 10 minutes per response, for a total of 
30 minutes.
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    \2\ This burden relates to the completion of the Currency 
Transaction Report by Casinos form only. The recordkeeping burden of 
31 CFR 103.22 is reflected in the final rule requiring casinos and 
card clubs to file currency transaction reports.
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    Estimated Number of Respondents: 925.
    Estimated Total Annual Responses: 460,000.
    Estimated Total Annual Burden Hours: 230,000.
    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 Office of Management and Budget control 
number. Records required to be retained under the Bank Secrecy Act must 
be retained for five years.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for Office of 
Management and Budget 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

[[Page 11633]]

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: March 11, 2009.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
 [FR Doc. E9-5786 Filed 3-17-09; 8:45 am]
BILLING CODE 4810-02-P


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