Designation of Exempt Person

Forms and Documents

Document Name	Status
Form FinCEN 110 Designation of Exempt Person Form and Instruction	Modified
FinCENDOEPElectronicFilingRequirements.pdf Supplementary Document	2017-08-15
Supporting Statement DOEP 8-3-2017 FINAl.docx Supporting Statement A	2017-11-15

IC Document Collections

IC ID	Document Title	Status
15300	Designation of Exempt Person Form and Instruction	Modified

ICR Details

OMB Control No: 1506-0012	ICR Reference No: 201708-1506-001
Status: Active	Previous ICR Reference No: 201405-1506-002
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Designation of Exempt Person
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/28/2018
	Date Received in OIRA: 11/30/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2021	36 Months From Approved	02/28/2018
Responses	27,040	0	25,160
Time Burden (Hours)	27,040	0	31,450
Cost Burden (Dollars)	0	0	0

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Abstract: This is a renewal without change to the existing Designation of Exempt Person report (DOEP) FinCEN Report 110. The DOEP is filed by banks to exempt certain businesses from the requirement to report transactions in currency.

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Authorizing Statute(s): US Code: 31 USC 5311-5332 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:
	82 FR 27102	06/13/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 56325	11/28/2017
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
Designation of Exempt Person	FinCEN 110	Designation of Exempt Person

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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	27,040	25,160	0	0	1,880	0
Annual Time Burden (Hours)	27,040	31,450	0	0	-4,410	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: There is an increase in the number of responses due to increased filings by depository institutions filing the report, however the overall burden is reduced due to a change in the estimated burden per response from 1 hour 15 minutes to just one hour.

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Annual Cost to Federal Government: $2,704

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 11/30/2017

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