Procedures for Monitoring Bank Secrecy Act

ICR 201001-1550-003

OMB: 1550-0041

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-04-14
IC Document Collections
IC ID
Document
Title
Status
19874
Modified
ICR Details
1550-0041 201001-1550-003
Historical Active 200703-1550-003
TREAS/OTS
Procedures for Monitoring Bank Secrecy Act
Revision of a currently approved collection   No
Regular
Approved without change 06/21/2010
Retrieve Notice of Action (NOA) 04/14/2010
  Inventory as of this Action Requested Previously Approved
06/30/2013 36 Months From Approved 06/30/2010
765 0 840
30,600 0 23,520
0 0 0

This collection of information is necessary to enable OTS to determine whether a savings association has implemented a program reasonably designed to assure and monitor compliance with the currency recordkeeping and reporting requirements established by Federal statute and U.S. Department of Treasury regulations.

PL: Pub.L. 99 - 570 1359 Name of Law: Anti-Drug Abuse Act of 1986
  
None

Not associated with rulemaking

  75 FR 6434 02/09/2010
75 FR 19463 04/14/2010
No

1
IC Title Form No. Form Name
Procedures for Monitoring Bank Secrecy Act

  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 765 840 0 0 -75 0
Annual Time Burden (Hours) 30,600 23,520 0 0 7,080 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The burden hours for this information collection increased 7,080 hours (from 23,520 to 30,600 hours). This is due to an anticipated revision of savings associations’ policies and procedures based on the release of a revised FFIEC BSA/AML Examination Manual in 2010. The revised FFIEC BSA/AML Examination Manual provides information on new regulatory requirements and guidance issued since the prior update, and supervisory expectations related to BSA/AML obligations. OTS examiners review the written procedures during regularly scheduled examinations in order to ensure the implementation of adequate systems for complying with the BSA and its implementing regulations.

$0
No
No
No
Uncollected
No
Uncollected
Louise Batdorf 202 906-7087 [email protected]

  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.
04/14/2010


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