Currency Transaction Reports

Forms and Documents

Document Name	Status
Form FinCEN Form 112 Bank Secrecy Act Currency Transaction Report Form	Modified
FinCEN Change Justification.docx Justification for No Material/Nonsubstantive Change	2010-09-14
CTR1506-0004(2010-1)_83I_Supp[1][1].docx Supporting Statement A	2011-12-21

IC Document Collections

IC ID	Document Title	Status
15272	Bank Secrecy Act Currency Transaction Report Form	Modified

ICR Details

OMB Control No: 1506-0004	ICR Reference No: 201109-1506-005
Status: Historical Active	Previous ICR Reference No: 201008-1506-002
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 with change	Conclusion Date: 12/21/2011
	Date Received in OIRA: 09/23/2011
Terms of Clearance: Updated supporting statement.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2014	01/31/2013	03/31/2013
Responses	1	0	13,710,000
Time Burden (Hours)	1	0	9,140,000
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 1010.311a)(b). The form is used by criminal investigators, and taxation and regulatory enforcement authorities, during the course of investigations involving financial crimes. This action updates this ICR to reflect the addition of 31 CFR 1010.306(a)(3), 31 CFR 1010.306(d), and 31 CFR 1010.312 as being renewed as part of this control number. The three additional references constitute three hours to the existing burden.

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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:
	76 FR 4745	01/26/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 30427	05/25/2011
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
Bank Secrecy Act Currency Transaction Report	FinCEN Form 112	Bank Secrecy Act 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	1	13,710,000	0	-13,709,999	0	0
Annual Time Burden (Hours)	1	9,140,000	0	-9,139,999	0	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: Yes

Burden Reduction Due to: Cutting Redundancy

Short Statement: This action maintains this OMB control number active to retain the legal requirement to report and consolidates the associated PRA burden into electronic form under OMB Control Number 1506-0064

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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]? No

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: 09/23/2011

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