(MA) Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program - 12 CFR Part 21

Forms and Documents

Document	Type	Status	Availability
Reports of Suspicious Activities - Reporting	Form	Modified	Available
1557-0180 Supporting Statement 7-16-19.docx	Supporting Statement A	Uploaded 2019-07-16	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
43923	Reports of Suspicious Activities - Reporting	Form	Modified
236812	Bank Secrecy Act - Recordkeeping - Large Banks		New
236811	Bank Secrecy Act - Recordkeeping - Mid-Size		New
236810	Bank Secrecy Act - Recordkeeping - Community Banks		New
236809	Minimum Security Devices and Procedures - Recordkeeping		New
236808	Reports of Suspicious Activities - Recordkeeping		New

ICR Details

OMB Control No: 1557-0180	ICR Reference No: 201904-1557-006
Status: Active	Previous ICR Reference No: 201604-1557-003
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: (MA) Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program - 12 CFR Part 21
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: 08/29/2019
	Date Received in OIRA: 07/29/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2022	36 Months From Approved	08/31/2019
Responses	521,802	0	311,850
Time Burden (Hours)	615,130	0	714,205
Cost Burden (Dollars)	0	0	0

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Abstract: These recordkeeping and reporting requirements are needed to promote and monitor institution security and to ensure institution safety. The information is used by institutions, the OCC, and other agencies for bank security and law enforcement purposes.

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Authorizing Statute(s): US Code: 12 USC 1461 et seq. Name of Law: Homeowners' Loan Act
   US Code: 12 USC 1 et seq. Name of Law: The National Bank Act
   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:
	84 FR 19825	05/06/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 36658	07/29/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Reports of Suspicious Activities - Reporting	N/A	Suspicious Activity Report
Reports of Suspicious Activities - Recordkeeping
Minimum Security Devices and Procedures - Recordkeeping
Bank Secrecy Act - Recordkeeping - Community Banks
Bank Secrecy Act - Recordkeeping - Mid-Size
Bank Secrecy Act - Recordkeeping - Large 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	521,802	311,850	0	0	209,952	0
Annual Time Burden (Hours)	615,130	714,205	0	0	-99,075	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: The decrease in burden is due to the decrease in the number of regulated institutions and an increase in the number of Suspicious Activity Reports filed.

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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: 07/29/2019

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