Currency Transaction Reports

Forms and Documents

Document Name	Status
Form FinCEN Form 104 Currency Transaction Reports Form and Instruction	Modified
CTR(2009)_83I_Supp[1].docx Supporting Statement A	2010-03-26

IC Document Collections

IC ID	Document Title	Status
15272	Currency Transaction Reports Form and Instruction	Modified

ICR Details

OMB Control No: 1506-0004	ICR Reference No: 200912-1506-001
Status: Historical Active	Previous ICR Reference No: 200610-1506-001
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Currency Transaction Reports
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/26/2010
	Date Received in OIRA: 12/23/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2013	36 Months From Approved	03/31/2010
Responses	13,710,000	0	14,999,989
Time Burden (Hours)	9,140,000	0	6,249,995
Cost Burden (Dollars)	0	0	0

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Abstract: Financial institutions file form 104 for currency transaction in excess of $10,000 a day pursuant to 31 USC 5313(a) and 31 CFR 103.22(a)(b). The form is used by criminal investigators, and taxation and regulatory enforcement authorities, during the course of investigations involving financial crimes.

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Authorizing Statute(s): US Code: 31 USC 5313(a) Name of Law: Money & Finance/Monetary Transactions
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 50999	10/02/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 67007	12/17/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Currency Transaction Reports	FinCEN Form 104	Currency Transaction Report

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ICR Summary of Burden

	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	13,710,000	14,999,989	0	0	-1,289,989	0
Annual Time Burden (Hours)	9,140,000	6,249,995	0	0	2,890,005	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: FinCEN received one comment on this ICR. After review, FinCEN agrees that the forms burden should be increased. Form completion was increased by 10 minutes and the recordkeeping and reporting time was increased by 10 minutes for a total burden per filing of 40 minutes. Based on historical filings, the time allocation reflects a more reliable figure. Also, the estimation of the number of CTRs filed annually has decreased based on the past year.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/23/2009

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