98-12622. Proposed Information Collection; Comment Request

[Federal Register Volume 63, Number 92 (Wednesday, May 13, 1998)]
[Notices]
[Pages 26677-26678]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-12622]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Proposed Information Collection; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on continuing information 
collections, as required by the Paperwork Reduction Act of 1995. 
Currently, the OCC is soliciting comment concerning its extension 
without change of an information collection titled (MA)--Minimum 
Security Devices and Procedures, Reports of Suspicious Activities, and 
Bank Secrecy Act Compliance Program (12 CFR part 21).

DATES: Written comments should be submitted by July 13, 1998.

ADDRESSES: Direct all written comments to the Communications Division, 
Attention: 1557-0180, Third Floor, Office of the Comptroller of the 
Currency, 250 E Street, SW, Washington, DC 20219. In addition, comments 
may be sent by facsimile transmission to [phone], or by 
electronic mail to [email protected]

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the collection may be obtained by contacting Jessie Gates or 
Camille Dickerson, [phone], Legislative and Regulatory Activities 
Division (1557-0180), Office of the Comptroller of the Currency, 250 E 
Street, SW, Washington, DC 20219.

SUPPLEMENTARY INFORMATION:

    Title: (MA)--Minimum Security Devices and Procedures, Reports of 
Suspicious Activities, and Bank Secrecy Act Compliance Program (12 CFR 
21).
    OMB Number: 1557-0180.
    Form Number: None.
    Abstract: The collections of information contained in 12 CFR Part 
21 are as follows:

Minimum Security Devices and Procedures (12 CFR 21.2 and 21.4)

    Under 12 CFR 21.2, each national bank must designate a security 
officer. The bank security officer must develop a written security 
program to protect the bank from robberies, burglaries, and larcenies.
    Under 12 CFR 21.4, the bank security officer must report annually 
to the bank's board of directors on the effectiveness of the bank's 
security program. The substance of the report must be reflected in the 
minutes of the board meeting in which the report is presented.

Suspicious Activity Reports (SAR)(12 CFR 21.11)

    Under 12 CFR 21.11, national banks must file SARs in certain 
instances. The bank must retain the SAR and the original of any related 
documentation for five years.

Procedures for Monitoring Bank Secrecy Act Compliance (12 CFR 21.21)

    Under 12 CFR 21.21, national banks must develop and maintain 
procedures to assure compliance with the Bank Secrecy Act and Treasury 
regulations at 31 CFR part 31.
    These information collection requirements are required to ensure 
compliance with applicable statutes, further bank safety and soundness, 
provide protections for banks, and further public policy interests.
    Type of Review: Extension, without change, of a currently approved 
collection.
    Affected Public: Businesses or other for-profit.
    Number of Respondents: 3,000.
    Total Annual Responses: 45,527.
    Frequency of Response: On occasion.
    Total Annual Burden: 30,160 Hours.

COMMENTS: Comments submitted in response to this notice will be 
summarized and 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 has practical utility;

[[Page 26678]]

    (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 on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: May 6, 1998.
Karen Solomon,
Director, Legislative & Regulatory Activities Division.
[FR Doc. 98-12622 Filed 5-12-98; 8:45 am]
BILLING CODE 4810-33-P