Suspicious Activity Report by Depository Institutions

Forms and Documents

Document	Type	Status	Availability
FINAL 2013 SAR-DI SUPPORTING STATEMENT.docx	Supporting Statement A	Uploaded 2013-10-27	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
44190	Suspicious Activity Report		Modified

ICR Details

OMB Control No: 3133-0094	ICR Reference No: 201310-3133-005
Status: Historical Active	Previous ICR Reference No: 200907-3133-001
Agency/Subagency: NCUA	Agency Tracking No:
Title: Suspicious Activity Report by Depository Institutions
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/13/2013
	Date Received in OIRA: 10/27/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2016	36 Months From Approved
Responses	67,537	0	0
Time Burden (Hours)	135,074	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: All Federally insured credit unions are required to report, within thirty calendar days, all suspected criminal activities to the U.S. Attorney, and the FBI and the Financial Crimes Enforcement Network, by completing NCUA form 2362. This requirement provides for timely and specific information needed for decisions regarding prosecution.

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Authorizing Statute(s): US Code: 31 USC 5318(g) Name of Law: Bank Secrecy Act
  

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:
	78 FR 43234	07/19/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 53785	08/30/2013
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
Suspicious Activity 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	67,537	0	0	11,037	0	56,500
Annual Time Burden (Hours)	135,074	0	0	78,574	0	56,500
Annual Cost Burden (Dollars)	0	0	0	0	0	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: The increase in suspicious activity has resulted in an increase in total filings. The increase in the total number of responses is due to the credit unions' increased awareness of the requirement of when to file a SAR, as well as improved suspicious activity monitoring systems. Due to the changes in the BSA-SAR, the annual burden was increased from 1 hour to two hours per response to allow for additional time to become familiar with the completion of the new form.

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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: 10/27/2013

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