5518 Federal Register / Vol. 81, No. 21 / Tuesday, February 2, 2016 / Notices 

1The BCTR reporting requirements are currently 

covered under the following OMB Control numbers: 

1506–0004 (Financial Institutions other than 

Casinosons), and 1506–0005 (Casinos and Card 

Clubs). 

2Language 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. 

well-established, nationally recognized 

program in research and education, as 

shown by: 

(i) recent expenditures by the 

institution in highway or public 

transportation research; 

(ii) a historical track record of 

awarding graduate degrees in 

professional fields closely related to 

highways and public transportation; 

and 

(iii) an experienced faculty who 

specialize in professional fields closely 

related to highways and public 

transportation. 

(49 U.S.C. 5505(c)(3)(B) (iii) as amended 

by Pub. L. 114–94, § 6016). 

Tier 1 UTCs. Consideration will be 

given to minority institutions, as 

defined by section 365 of the Higher 

Education Act of 1965 (20 U.S.C. 

1067k), or consortia that include such 

institutions that have demonstrated an 

ability in transportation-related 

research. 

Past Performance. The Department is 

required by 2 CFR 200, Uniform 

Administrative Requirements, Cost 

Principles, and Audit Requirements for 

Federal Awards, Section 205, to review 

risk posed by applicants. This may be 

done through such publicly available 

information collections as the System 

for Award Management (SAM.gov) and/ 

or through specifically collected 

information about the applicant’s record 

in managing Federal awards. 

External Stakeholders. The 

Department will consult with external 

stakeholders (including the 

Transportation Research Board of the 

National Academy of Sciences, among 

others), to the maximum extent 

practicable, to evaluate and review all 

proposals. (49 U.S.C. 5505(b)(6) as 

amended by Public Law 114–94, 6016). 

V. Program Funding and Award 

UTCs will be selected by the 

Secretary, in consultation as appropriate 

with the Assistant Secretary for 

Research and Technology, the 

Administrator of the Federal Highway 

Administration and other modal 

administrators as appropriate. Awards 

will be made no later than December 4, 

2016, with Federal FY16 funds awarded 

at that time. Subsequent Federal FY17– 

FY20 funding will be awarded 

approximately annually after that date, 

subject to availability of funds and 

grantee compliance with grant terms 

and conditions. 

VI. Use of Grant Funds 

Grantees will have until September 

30, 2022 to expend all funds, assuming 

availability of annual appropriations. 

Issued in Washington, DC, on January 27, 

2016. 

Gregory D. Winfree, 

Assistant Secretary. 

[FR Doc. 2016–01838 Filed 2–1–16; 8:45 am] 

BILLING CODE 4910–9X–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Proposed Collection; Comment 

Request; Bank Secrecy Act Currency 

Transaction Report (BCTR) Revised 

Layout and Proposed Additional Data 

Fields 

AGENCY: Financial Crimes Enforcement 

Network (‘‘FinCEN’’), Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: FinCEN published the revised 

Bank Secrecy Act Currency Transaction 

Report (‘‘BCTR’’) in March 2011. The 

BCTR was designed to facilitate 

financial institutions reporting the most 

frequently encountered transaction 

scenarios. Since that time, FinCEN has 

become aware that the current report is 

not configured to allow for alternative 

reporting models that have developed in 

the last few years, such as reports filed 

by a parent company on behalf of its 

subsidiary. To remedy some of the 

limitations of the current BCTR, FinCEN 

now proposes an amended report. This 

notice does not propose any new 

regulatory requirements or changes to 

the requirements related to currency 

transaction reporting, but rather seeks 

input on technical matters designed to 

improve the layout and reporting of the 

BCTR. This request for comments covers 

31 CFR 1010.310. This request for 

comments is made pursuant to the 

Paperwork Reduction Act of 1995 

(PRA), Public Law 104–13, 44 U.S.C. 

3506(c)(2)(A). 

DATES: Written comments are welcome 

and must be received on or before April 

4, 2016. 

ADDRESSES: Written comments should 

be submitted to: Office of Regulatory 

Policy, Financial Crimes Enforcement 

Network, Department of the Treasury, 

P.O. Box 39, Vienna, Virginia 22183, 

‘‘Attention: PRA Comments—BCTR 

Revision.’’ 

Comments also may be submitted by 

electronic mail to the following Internet 

address: regcomments@fincen.gov, with 

the caption, ‘‘Attention: BCTR 

Revision’’ in the body of the text. Please 

submit by one method only. All 

comments submitted by either method 

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. 

Inspection of comments. Comments 

will be posted on the FinCEN public 

Web site. Persons wishing to review the 

comments submitted may access the 

posted comments by going to https://

www.fincen.gov/forms/bsa_forms/. 

FOR FURTHER INFORMATION CONTACT: 

FinCEN Resource Center at 1–800–767– 

2825 or 1–703–905–3591 (not a toll free 

number) and select option 3 for 

regulatory questions. Email inquiries 

can be sent to FRC@fincen.gov. 

SUPPLEMENTARY INFORMATION: 

Title: BSA Currency Transaction 

Report by Financial Institutions (See 31 

CFR 1010.310). 

Office of Management and Budget 

(‘‘OMB’’) Number: 1506–0064.1

Report Number: FinCEN 112. 

Abstract: The statute generally 

referred to as the ‘‘Bank Secrecy Act,’’ 

(‘‘BSA’’) 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.2

Regulations implementing Title II of the 

BSA appear at 31 CFR Chapter X. The 

authority of the Secretary to administer 

the BSA has been delegated to the 

Director of FinCEN. 

The Secretary of the Treasury was 

granted authority in 1970, with the 

enactment of 31 U.S.C. 5313, to require 

financial institutions to report currency 

transactions exceeding $10,000. The 

information collected on the ‘‘report’’ is 

required to be provided pursuant to 31 

U.S.C. 5313 as implemented by FinCEN 

regulations found at 31 CFR 1010.310. 

The information collected under this 

requirement is made available to 

appropriate agencies and organizations 

as disclosed in FinCEN’s Privacy Act 


wgreen on DSK2VPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 21 / Tuesday, February 2, 2016 / Notices 5519 

3 Department of the Treasury bureaus such as 

FinCEN renew their System of Records Notices 

every three years unless there is cause to amend 

them more frequently. FinCEN’s System of Records 

Notice for BSA Reports System may be reviewed at 

http://www.fincen.gov/foia/files/FinCEN_79_FR_

20969.pdf. 

4Numbers are based on actual 2015 filings as 

reported through the BSA E-Filing System as of 

December 31, 2015. 

System of Records Notice relating to 

BSA Reports.3

Current Action: FinCEN completed a 

review of the BCTR in preparation for 

renewal under the PRA. During its 

review, FinCEN considered suggestions 

for improvements to the report received 

from our stakeholders and filers. A data 

quality review of previously filed 

BCTRs suggested a change in reporting 

schemes had occurred since the initial 

BCTR was placed in service in March 

2011. In particular, over the period of 

four years, FinCEN observed an increase 

in the number of holding or parent 

companies filing for their subsidiary 

institutions. Prior to this, the BCTR was 

predominantly filed by the financial 

institution where the transaction 

occurred. The current BCTR was not 

designed to record different filing and 

transaction locations. Additionally, 

FinCEN noted an inability to record the 

dollar value of the transaction in Part III 

when multiple transactions were 

reported. FinCEN also was made aware 

that the current BCTR does not provide 

a means of indicating ‘‘shared 

branching’’ transactions. Under the 

‘‘shared branching’’ transaction, the 

employee identification number (EIN) of 

the financial institution where the 

transaction was conducted may not be 

known to the filing institution, so an 

‘‘unknown’’ check box has been added. 

In response to these identified 

deficiencies, FinCEN is proposing the 

following adjustments to the BCTR. To 

support recording the dollar amount of 

the transaction at the transaction 

location, cash-in and cash-out fields 

have been added to Part III. A new Part 

IV, has been added to record the entity 

actually filing the report through the 

BSA E-Filing System. A check box has 

been added to Part III to indicate when 

the information in Part IV is the same 

for Part III. This change will reduce the 

burden for filing the BCTR in those 

cases where the filer and transaction 

locations are the same. In Part I, Item 2d 

has been changed from ‘‘Courier Service 

(Private)’’ to ‘‘Common carrier’’ to 

reflect defined terminology. FinCEN has 

been advised by several non-bank 

financial institutions that the reference 

to ‘‘teller(s)’’ in the instructions is 

confusing and misleading since nonbank financial institutions normally do 

not employ ‘‘tellers.’’ FinCEN 

appreciates this feedback and proposes 

to define ‘‘teller’’ for the purpose of 

completing a BCTR as follows: Teller: 

An individual employed by a covered 

financial institution that accepts 

currency in the normal course of 

business at the covered financial 

institution. Example titles (but not 

limited to) are ‘‘cashier,’’ and ‘‘cage 

operator.’’ Finally, the completion order 

for the report has been revised. Part IV 

will be completed first, followed by Part 

III. This facilitates using the check box 

in Part III when the information is the 

same. Part I is then completed followed 

by Part II. The BSA E-Filing Batch filing 

specifications will be revised to reflect 

the above changes. 

Type of Review: Initial review of the 

proposed changes to the BCTR. 

Affected public: Businesses or other 

for-profit and not-for-profit financial 

institutions. 

Frequency: As required. 

Estimated Reporting Burden: Average 

of 25 minutes per report and 20 minutes 

recordkeeping per filing. (The reporting 

burden of the regulations at 31 CFR 

1010.310 is reflected in the burden for 

the form.) 

Estimated Recordkeeping and 

Reporting Burden: 45 minutes. 

Estimated number of respondents: 

82,255 (Includes depository institutions, 

broker-dealers, future commission 

merchants, introducing brokers in 

commodities, money services 

businesses, mutual funds, and casinos 

and card clubs.) 

Estimated Total Annual Responses: 

15,522,084.4

Estimated Total Annual Reporting 

and Recordkeeping Burden: 11,641,563 

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. 

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; (e) estimates of capital or 

start-up costs and costs of operation, 

maintenance and purchase of services to 

provide information; and (f) the 

proposed definition of the word 

‘‘teller.’’ 

Jamal El-Hindi, 

Deputy Director, Financial Crimes 

Enforcement Network. 

Appendix 

The added or updated data items for the 

BCTR are as follows: 

Part I Rename item 2d from ‘‘Courier 

Service (private)’’ to ‘‘Common carrier’’ 

Part II Add a checkbox to item 24 to reflect 

‘‘Shared Branching’’ 

Part III ‘‘Financial Institution Where 

Transaction(s) Takes Place’’ add a 

checkbox after the title to read: If Part III 

information is the same as Part IV, Check 

this box. 

Add item 40 ‘‘Dollar amount of item 25 

Total cash-in transacted at this location.’’ 

$llll 

Add item 41 ‘‘Dollar amount of item 25 

Total cash-out transacted at this 

location.’’ $llll 

Part IV Add a new Part IV ‘‘Filing 

Institution Information’’ 

Item 42 Primary Federal Regulator (Drop 

down box) 

Item 43 Legal name of financial institution 

Item 44 Alternate name, e.g., trade name, 

DBA 

Item 45 EIN 

Item 46 Address (number, street, and Apt. 

or suite no.) 

Item 47 City 

Item 48 State 

Item 48 ZIP Code 

Item 50 Type of financial institution 

(Check only one) 

a. Casino/card Club 

b. Depository institution 

c. MSB 

d. Securities/futures 

z. Other (Specify) llll 

Item 51 If 50a is checked, indicate type 

(check only one) 

a. State Licensed casino 

b. Tribal auth. casino 

c. Card Club 

z. Other (specify) llll 

Item 52 Financial institution ID number 

(check one box to indicate type) 

a. CRD Number 

b. IARD number 

c. NFA number 

d. RSSD number 

e. SEC number 

Item 52f ID number llll 

Item 53 Contact office 

Item 54 Phone number llll 

Item 54a Ext. llll 

Item 55 Date filed MM/DD/YYYY 

[FR Doc. 2016–01825 Filed 2–1–16; 8:45 am] 

BILLING CODE 4810–02–P llll 


wgreen on DSK2VPTVN1PROD with NOTICES