Reporting, Procedures and Penalties Regulations

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form TD F 98-22.61 OFAC License Application Cover Letter	Form and Instruction	Modified	Available
Form TD F 93.07 Report of Rejected Transactions	Form	Modified	Available
Form TD F 93.02 Report of Blocked Transactions	Form	Modified	Available
Form TD F 93.04 Trade Sanctions Reform and Export Enhancement Application	Form and Instruction	Modified	Available
Form TD F 90-22.50 Annual Report of Blocked Property	Form and Instruction	Modified	Available
Form TD-F 93.07 Report of Rejected Transactions	Form	Removed	Repair queued
Form TD-F 93.02 Report of Blocked Transactions	Form	Removed	Repair queued
Form TD-F 93.03 Wire Transfer Transaction Form	Form	Removed	Available
Form TD-F 93.01 Letter of Credit Transaction Form	Form	Removed	Available
Form TD-F 93.06 Check Transaction Form	Form	Removed	Available
Form TD-F 93.05 Blocked Account Transaction Form	Form	Removed	Available
Form TD-F 93.04 Trade Sanctions Reform and Export Enhancement Act License Application	Form and Instruction	Removed	Repair queued
1506-0164_Reporting Procedures and Penalties -Part 501-2012 v 5.docx	Supporting Statement A	Uploaded 2012-09-28	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
43827	Reporting, Procedures and Penalties Regulations	Other-Screen Shots	Modified
43827	Reporting, Procedures and Penalties Regulations	Form and Instruction	Modified	OFAC License Application Cover Letter
43827	Reporting, Procedures and Penalties Regulations	Form	Modified	Report of Rejected Transactions
43827	Reporting, Procedures and Penalties Regulations	Form	Modified	Report of Blocked Transactions
43827	Reporting, Procedures and Penalties Regulations	Form and Instruction	Modified	Trade Sanctions Reform and Export Enhancement Application
43827	Reporting, Procedures and Penalties Regulations	Form and Instruction	Modified	Annual Report of Blocked Property
202139	Licensing Cover Sheet	Other-Cover Sheet	Removed
191974	Reporting and Procedures Regulations 31 CFR Part 501	Form	Removed	Report of Rejected Transactions
191973	Reporting and Procedures Regulations 31 CFR Part 501	Form	Removed	Report of Blocked Transactions
191972	Reporting and Procedures Regulations 31 CFR Part 501	Form	Removed	Wire Transfer Transaction Form
191971	Reporting and Procedures Regulations 31 CFR Part 501	Form	Removed	Letter of Credit Transaction Form
191970	Reporting and Procedures Regulations 31 CFR Part 501	Form	Removed	Check Transaction Form
191968	Reporting and Procedures Regulations 31 CFR Part 501	Form	Removed	Blocked Account Transaction Form
191799	Reporting and Procedures Regulations 31 CFR Part 501	Form and Instruction	Removed	Trade Sanctions Reform and Export Enhancement Act License Application

ICR Details

OMB Control No: 1505-0164	ICR Reference No: 201209-1505-003
Status: Historical Active	Previous ICR Reference No: 201205-1505-001
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Reporting, Procedures and Penalties Regulations
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: 03/08/2013
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/28/2012
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2016	36 Months From Approved	03/31/2013
Responses	42,086	0	29,045
Time Burden (Hours)	45,376	0	33,750
Cost Burden (Dollars)	453,760	0	337,500

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Abstract: Submissions will provide the U.S. Government with information to be used in enforcing various economic sanctions programs administered by OFAC under 31 CFR Chapter V.

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Authorizing Statute(s): US Code: 50 USC 1701-1706
   US Code: 22 USC 287c
   US Code: 50 USC App. 1-44
  

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:
	77 FR 43903	07/26/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 59706	09/28/2012
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Licensing Cover Sheet
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.02	Report of Blocked Transactions
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.01	Letter of Credit Transaction Form
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.05	Blocked Account Transaction Form
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.06	Check Transaction Form
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.03	Wire Transfer Transaction Form
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.07	Report of Rejected Transactions
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.04	Trade Sanctions Reform and Export Enhancement Act License Application
Reporting, Procedures and Penalties Regulations	TD F 90-22.50, TD F 93.04, TD F 93.02, TD F 98-22.61, TD F 93.07	Annual Report of Blocked Property ,   Trade Sanctions Reform and Export Enhancement Application ,   Report of Blocked Transactions ,   Report of Rejected Transactions ,   OFAC License Application Cover Letter

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ICR Summary of Burden

table that charts list 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	42,086	29,045	0	49,141	-36,100	0
Annual Time Burden (Hours)	45,376	33,750	0	21,276	-9,650	0
Annual Cost Burden (Dollars)	453,760	337,500	0	202,538	-86,278	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: Adjustments in the agency estimate was made by removing duplicate information collections (ICs) and arrange the collection instruments into one single IC. This adjustment resulted in a decrease of 18,050 responses and a decrease of 4,825 burden hours. The estimated 42,086 annual responses represent a 13,041 annual response increase from the 29,045 annual responses currently approved collection for 31 CFR part 501. This is a program change due to agency discretion and is the result of an expected increase in the number of annual reports submitted pursuant to § 501.603 based on trends from the past 3 years and stems from an increased number of OFAC sanctions programs. The corresponding increase in total annual hours requested to 45,376 hours reflects the additional hours expected due to the increase in § 501.603 annual reports.

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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: 09/28/2012

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