Correspondent Accounts for Foreign Shell Banks; Record keeping and Termination of Correspondent Accounts

ICR 200507-1506-002

OMB: 1506-0043

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1506-0043 200507-1506-002
Historical Active 200503-1505-006
TREAS/FINCEN
Correspondent Accounts for Foreign Shell Banks; Record keeping and Termination of Correspondent Accounts
Extension without change of a currently approved collection   No
Regular
Approved without change 07/08/2005
Retrieve Notice of Action (NOA) 07/08/2005
  Inventory as of this Action Requested Previously Approved
05/31/2008 05/31/2008
9,000 0 0
306,000 0 0
0 0 0

These rules prohibit domestic financial institutions from maintaining correspondent accounts with foreign shell banks and require such institutions to maintain records of the owners, and agents, for service of legal process of foreign banks.

None
None


No

1
IC Title Form No. Form Name
Correspondent Accounts for Foreign Shell Banks; Record keeping and Termination of Correspondent Accounts

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 9,000 0 0 9,000 0 0
Annual Time Burden (Hours) 306,000 0 0 306,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
07/08/2005


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