Customer Identification Programs for Banks, Savings Associations, Credit Unions, and Certain Non-federally Regulated Banks

Forms and Documents

Document Name	Status
0026 Banks etc CIP Supporting Statement 2018-11-21-18.docx Supporting Statement A	2018-11-26

IC Document Collections

IC ID	Document Title	Status
15332	Customer identification programs for banks, savings associations, credit unions, and certain non-federally regulated banks.	Modified

ICR Details

OMB Control No: 1506-0026	ICR Reference No: 201808-1506-009
Status: Historical Active	Previous ICR Reference No: 201509-1506-004
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Customer Identification Programs for Banks, Savings Associations, Credit Unions, and Certain Non-federally Regulated Banks
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: 04/02/2019
	Date Received in OIRA: 11/30/2018
Terms of Clearance: Prior to subsequent renewals, FinCEN will 1) analyze and provide a justification for adopting which methodology to employ in measuring aggregate burden, measuring by account or by entity; 2) disaggregate the burden estimate according to the four distinct requirements set forth in the regulation giving rise to the collection; 3) provide an explanation demonstrating the practical utility of each individual requirement; and 4) distinguish between the burdens associated with CIP for people vs. legal entities.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2020	36 Months From Approved	04/30/2019
Responses	15,960	0	14,580
Time Burden (Hours)	175,560	0	160,380
Cost Burden (Dollars)	0	0	0

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Abstract: Banks, savings associations, credit unions, and certain non- federally regulated banks are required to develop and maintain customer identification programs. See 31 CFR 1020.100

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Authorizing Statute(s): US Code: 31 USC 5318 Name of Law: Money and Finance
  

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:
	83 FR 46015	09/11/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 61400	11/29/2018
Did the Agency receive public comments on this ICR? Yes

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

IC Title	Form No.	Form Name
Customer identification programs for banks, savings associations, credit unions, and certain non-federally regulated banks.

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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	15,960	14,580	0	0	1,380	0
Annual Time Burden (Hours)	175,560	160,380	0	0	15,180	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: This burden has increased due to an increase in number of institutions falling under the requirements.

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Annual Cost to Federal Government: $0

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.     No

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: 11/30/2018

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