30-Day FRN - 2900-0021 (2020)

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Federal Register / Vol. 85, No. 94 / Thursday, May 14, 2020 / Notices

appropriate representation of the
expected composition of the filing
population and report submissions for
the next three years. Is that an
appropriate assumption? Are there
expected changes in either the
composition of the filing population or
the breakdown of the report
submissions over the next three years
that should be factored into FinCEN’s
estimates?
3. FinCEN estimates that, on average,
the time involved in the reporting of a
CTR varies in accordance with the range
of the total number of reports filed per
year (i.e., filers filing 100 reports or
more per week are totally automated),
the type of financial institution and type
of transaction (i.e., depository financial
institutions engaging in reportable
currency transactions that only involve
established customers), and filing
method (i.e., completion of reports filed
on a discrete basis generally involve
more manual data entry than those
batch-filed, regardless of the filer’s level
of automation). Are these assumptions
reasonable? Are there other factors that
may affect the amount of time involved
in preparing, reviewing, and filing the
report, which FinCEN could quantify by
analyzing the contents of the BSA
database and without conducting a
formal survey of the reporting financial
institutions?
4. FinCEN estimates that the
completion, review, and submission of
a CTR will demand a certain number of
minutes per report, depending on the
factors listed above. On average, is the
estimated number of minutes per report
reasonable, by degree of automation of
the filer, type of financial institution the
filer is, method of filing, types of
financial institution labor positions
involved, and allocated time per labor
position?
5. FinCEN estimates that, on average,
the cost of labor involved in the
completion, review, and submission of
a CTR will depend on at least three
different levels of staff involvement
within the filer’s organization (i.e.,
remote supervision, direct supervision,
and operations) participating in the
process for different portions of the CTR
process. On average, is the allocation of
time and hourly cost plus benefits per
organizational level reasonable? Has
FinCEN identified the right level of
involvement and the right type of labor
position per role?
6. FinCEN estimated the ID-related
PRA burden by stipulating that
depository institutions conduct
reportable transactions only with
established customers, while nondepository institutions conduct
transactions with non-established

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customers. Is this stipulation
reasonable? Is there another factor that
would allow FinCEN to determine when
a non-depository institution conducts a
transaction with an established
customer, and therefore its ID-related
PRA cost is lower than the current
estimate? FinCEN allocated an IDrelated PRA cost of three minutes to
persons conducting a transaction on
behalf of another, for any type of
financial institution. Is this allocation
always required, or are there instances
where the filer has already obtained,
verified, and retained the personal data
of the transactor, and therefore the
allocation could be lower, or even
eliminated altogether?
7. FinCEN estimated the technologyrelated PRA burden on the assumption
that, on average, the percentage
breakdown of the total cost among
different cost factors is mostly constant
among analogous reporting obligations.
Based on a previous industry survey,
FinCEN based the estimates of total
annual PRA burden on the premise that
traditional and ID-related annual PRA
costs amount to 85% of the total annual
PRA cost of fully-automated filers,
while software, hardware, and systemsrelated costs, including maintenance,
updates and upgrades represent the
remaining 15%. Is there existing
evidence that may indicate that one or
both of these assumptions are not
reasonable? Is there another factor or
combination of factors that would assist
FinCEN in determining which filers that
file fewer than 100 reports a week may
also be fully or partially automated, and
therefore adjust the technology-related
PRA cost?
8. The estimate of the technologyrelated PRA burden relies on the
principle that the system maintenance,
hardware maintenance and
replacement, and other technological
costs included in the estimate relate to
hardware and software resources used
exclusively for CTR filing. If such
resources are used for multiple
purposes, only a fraction of their cost
that represents their use for complying
with this BSA obligation should be
included in the PRA burden estimate. Is
this assumption correct? Is this
assumption provable by objective
methods? Has your financial institution
determined what percentage of its
technology is used for CTR purposes?
How can FinCEN determine which
resources, if any, are used for purposes
other than BSA compliance, and
therefore adjust the PRA estimate?
9. Please provide any other comments
on calculation methods, assumptions,
stipulations, or any other issues that
may impact the total PRA burden

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calculation of the regulations or the
report.
b. General Request for Comments
Comments submitted in response to
this notice will be summarized and/or
included in the request for OMB
approval. All comments will become a
matter of public record. Comments are
invited on: (a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Dated: May 8, 2020.
Derek Baldry,
Deputy Chief of Staff, Financial Crimes
Enforcement Network.
[FR Doc. 2020–10310 Filed 5–13–20; 8:45 am]
BILLING CODE 4810–02–P

DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0021]

Agency Information Collection
Activity: VA Loan Electronic Reporting
Interface (Valeri) System
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:

In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration,
Department of Veterans Affairs, will
submit the collection of information
abstracted below to the Office of
Management and Budget (OMB) for
review and comment. The PRA
submission describes the nature of the
information collection and its expected
cost and burden and it includes the
actual data collection instrument.
DATES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
SUMMARY:

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Federal Register / Vol. 85, No. 94 / Thursday, May 14, 2020 / Notices
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0021.
SUPPLEMENTARY INFORMATION:
Authority: Public Law 104–13; 44
U.S.C. 3501–3521.
Title: VA Loan Electronic Reporting
Interface (VALERI) System.
OMB Control Number: 2900–0021.
Type of Review: Extension of a
currently approved collection.
Abstract: VA provides the authority
for VA-guaranteed mortgage servicers to
assist veteran borrowers and their
families experiencing financial
difficulty. VA then provides oversight of
the servicers’ actions by collecting
specific documentation and data. In
today’s environment, this collection is
done via the VALERI application.
Federal Regulations under 38 CFR
36.4300 require specific, critical
information be provided to VA and
without the collection of such
documentation and data, the number of
foreclosures of VA-guaranteed loans and
homeless veterans would potentially
increase.
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
Notice with a 60-day comment period
soliciting comments on this collection
of information was published on
February 24, 2020 at 85 FR 10512, pages
10512–10513.
Affected Public: Business or other for
profit.
Estimated Annual Burden: 70 hours.
Estimated Average Burden per
Respondent: 1 minute.
Frequency of Response: One time.
Estimated Number of Respondents:
967.
By direction of the Secretary.
Danny S. Green,
VA PRA Clearance Officer, Office of Quality,
Performance and Risk Department of
Veterans Affairs.
[FR Doc. 2020–10318 Filed 5–13–20; 8:45 am]
BILLING CODE 8320–01–P

DEPARTMENT OF VETERANS
AFFAIRS

jbell on DSKJLSW7X2PROD with NOTICES

[OMB Control No. 2900–0877]

Agency Information Collection
Activity: Freedom of Information Act
(FOIA) or Privacy Act (PA) Request,
Priority Processing Request, and
Document/Evidence Submission
Veterans Benefits
Administration, Department of Veterans
Affairs.

AGENCY:

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ACTION:

Notice.

Veterans Benefits
Administration, Department of Veterans
Affairs (VA), is announcing an
opportunity for public comment on the
proposed collection of certain
information by the agency. Under the
Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of a previously approved
collection, and allow 60 days for public
comment in response to the notice.
DATES: Written comments and
recommendations on the proposed
collection of information should be
received on or before July 13, 2020.
ADDRESSES: Submit written comments
on the collection of information through
Federal Docket Management System
(FDMS) at www.Regulations.gov or to
Nancy J. Kessinger, Veterans Benefits
Administration (20M33), Department of
Veterans Affairs, 810 Vermont Avenue
NW, Washington, DC 20420 or email to
[email protected] Please refer to
‘‘OMB Control No. 2900–0877’’ in any
correspondence. During the comment
period, comments may be viewed online
through FDMS.
FOR FURTHER INFORMATION CONTACT:
Danny S. Green, (202) 421–1354 or
email [email protected]. Please
refer to ‘‘OMB Control No. 2900–0877’’
in any correspondence.
SUPPLEMENTARY INFORMATION: Under the
PRA of 1995, Federal agencies must
obtain approval from the Office of
Management and Budget (OMB) for each
collection of information they conduct
or sponsor. This request for comment is
being made pursuant to Section
3506(c)(2)(A) of the PRA.
With respect to the following
collection of information, VBA invites
comments on: (1) Whether the proposed
collection of information is necessary
for the proper performance of VBA’s
functions, including whether the
information will have practical utility;
(2) the accuracy of VBA’s estimate of the
burden of the proposed collection of
information; (3) ways to enhance the
quality, utility, and clarity of the
information to be collected; and (4)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
the use of other forms of information
technology.
Authority: Public Law 104–13; 44
U.S.C. 3501–3521.
Title: Freedom of Information Act
(FOIA) or Privacy Act (PA) Request (VA
SUMMARY:

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29031

Form 20–10206), Priority Processing
Request (VA Form 20–10207), and
Document/Evidence Request (VA Form
20–10208).
OMB Control Number: 2900–0877.
Type of Review: Extension of a
previously approved collection.
Abstract: VA Form 20–10206 is be
used by a claimant to request access to
Federal agency records as long as the
record is not exempt from release by one
of nine FOIA exemptions. This form
standardizes submission of Freedom of
Information Act (FOIA) requests and
Privacy Act (PA) requests received from
claimants in order to facilitate the
identification and retrieval of requested
records. VA Form 20–10207 is used by
claimants to notify VA of an urgent or
immediate need due to change in status
or circumstance for priority processing
of claim. VA Form 20–10208 is used to
identify and associate additional
evidence or information in support of
claim.
Affected Public: Individuals or
households.
Estimated Annual Burden: 50,000
hours.
Estimated Average Burden per
Respondent: 6 minutes.
Frequency of Response: One time.
Estimated Number of Respondents:
500,000.
By direction of the Secretary.
Danny S. Green,
VA Clearance Officer, Office of Quality,
Performance and Risk, Department of
Veterans Affairs.
[FR Doc. 2020–10355 Filed 5–13–20; 8:45 am]
BILLING CODE 8320–01–P

DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0252]

Agency Information Collection
Activity: Application for Authority to
Close Loans on an Automatic Basis
Nonsupervised Lenders (VA Form 26–
8736)
Loan Guaranty Service,
Veterans Benefits Administration.
ACTION: Notice.
AGENCY:

In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Loan Guaranty Service, Department of
Veterans Affairs, will submit the
collection of information abstracted
below to the Office of Management and
Budget (OMB) for review and comment.
The PRA submission describes the
nature of the information collection and
its expected cost and burden and it

SUMMARY:

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