Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program - 12 CFR Parts 21 and 163

Forms and Documents

Document	Type	Status	Availability
1557-0180 Supporting Statement 8-18-20.docx	Supporting Statement A	Uploaded 2020-08-18	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
43923	Reports of Suspicious Activities - Reporting	Instruction	Unchanged
243226	Request for SAR Exemption		New
236812	Bank Secrecy Act - Recordkeeping - Large Banks		Unchanged
236811	Bank Secrecy Act - Recordkeeping - Mid-Size		Unchanged
236810	Bank Secrecy Act - Recordkeeping - Community Banks		Unchanged
236809	Minimum Security Devices and Procedures - Recordkeeping		Unchanged
236808	Reports of Suspicious Activities - Recordkeeping		Unchanged

ICR Details

OMB Control No: 1557-0180	ICR Reference No: 202008-1557-002
Status: Received in OIRA	Previous ICR Reference No: 201904-1557-006
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program - 12 CFR Parts 21 and 163
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 03/09/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	08/31/2022
Responses	521,807	521,802
Time Burden (Hours)	615,380	615,130
Cost Burden (Dollars)	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. This ICR is being submitted in connection with an NPR that would allow national banks, savings associations, and service corporations to request exemption from the requirements of the Suspicious Activity Report.

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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:
1557-AE77	Proposed rulemaking	86 FR 6572	01/22/2021

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 7

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
Request for SAR Exemption

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ICR Summary of Burden

	Total Request	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	521,807	521,802	0	5	0	0
Annual Time Burden (Hours)	615,380	615,130	0	250	0	0
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: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in burden is due to the burden added by the proposed rule.

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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? No

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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: 03/09/2021

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