Procedures for Monitoring Bank Secrecy Act

Forms and Documents

Document Name	Status
1550 0041 Supporing Statement revised.2doc.doc Supporting Statement A	2010-04-14

IC Document Collections

IC ID	Document Title	Status
19874	Procedures for Monitoring Bank Secrecy Act	Modified

ICR Details

OMB Control No: 1557-0263	ICR Reference No: 201107-1557-015
Status: Historical Active	Previous ICR Reference No: 200703-1550-003
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Procedures for Monitoring Bank Secrecy Act
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: 07/21/2011
	Date Received in OIRA: 07/21/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2013	36 Months From Approved
Responses	765	0	840
Time Burden (Hours)	30,600	0	23,520
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): PL: Pub.L. 99 - 570 1359 Name of Law: Anti-Drug Abuse Act of 1986
  

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:
	75 FR 6434	02/09/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 19463	04/14/2010
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
Procedures for Monitoring Bank Secrecy Act

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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	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

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: 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.

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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]? No

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: 04/14/2010

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