[Federal Register Volume 60, Number 164 (Thursday, August 24, 1995)]
[Rules and Regulations]
[Page 44144]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20841]
[[Page 44143]]
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Part IV
Federal Reserve System
Department of the Treasury
31 CFR Part 103
Bank Secrecy Act Regulations; Final Rule and Proposed Rule
Federal Reserve System
12 CFR Part 219
Reimbursement for Providing Financial Records; Recordkeeping
Requirements for Certain Financial Records; Final Rule
Department of the Treasury
31 CFR Part 103
Bank Secrecy Act Regulations; Final Rule and Proposed Rule
Federal Register / Vol. 60, No. 164 / Thursday, August 24, 1995 /
Rules and Regulations
[[Page 44144]]
FEDERAL RESERVE SYSTEM
[Docket No. R-0807]
DEPARTMENT OF THE TREASURY
31 CFR Part 103
RIN 1506-AA16
Amendment to the Bank Secrecy Act Regulations Relating to
Recordkeeping for Funds Transfers and Transmittals of Funds by
Financial Institutions
AGENCY: Board of Governors of the Federal Reserve System; Department of
the Treasury.
ACTION: Joint final rule; delay of effective date.
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SUMMARY: On January 3, 1995, the Financial Crimes Enforcement Network
(FinCEN) of the Department of the Treasury (Treasury) and the Board of
Governors of the Federal Reserve System (Board) jointly published a
final rule that requires enhanced recordkeeping related to certain
funds transfers and transmittals of funds by financial institutions,
effective January 1, 1996. (60 FR 220). The Treasury and the Board have
delayed the effective date of the joint final rule until April 1, 1996,
because of the uncertainty by financial institutions as to their
responsibilities under the joint final rule with respect to
international transfers pending final action on proposed amendments to
the rule, which are published elsewhere in today's Federal Register.
EFFECTIVE DATES: Effective August 24, 1995, the effective date of the
joint final rule published on January 3, 1995, at 60 FR 220, is delayed
until April 1, 1996.
FOR FURTHER INFORMATION CONTACT:
Treasury: Roger Weiner, Assistant Director, 202/622-0400; Stephen
R. Kroll, Legal Counsel, 703/905-3534; or Nina A. Nichols, Attorney-
Advisor, 703/905-3598, FinCEN.
Board: Louise L. Roseman, Associate Director, 202/452-2789; Gayle
Brett, Manager, Fedwire Section, 202/452-2934; Division of Reserve Bank
Operations and Payment Systems; Oliver Ireland, Associate General
Counsel, 202/452-3625; or Elaine Boutilier, Senior Counsel 202/452-
2418, Legal Division, Board of Governors of the Federal Reserve System.
For the hearing impaired only, Telecommunication Device for the Deaf
(TDD), Dorothea Thompson, 202/452-3544.
The effective date of the joint final rule published by the Board
and Treasury at 60 FR 220, January 3, 1995, is delayed for three months
from January 1, 1996 to April 1, 1996.
Federal Register / Vol. 60, No. 164 / Thursday, August 24, 1995 /
Rules and Regulations
In concurrence:
By the Board of Governors of the Federal Reserve System, August
17, 1995.
William W. Wiles,
Secretary to the Board.
By the Department of the Treasury,
Dated: July 31, 1995.
Stanley E. Morris,
Director, Financial Crimes Enforcement Network.
FR Doc 95-20841 Filed 08-13-95; 8:45 a.m.
BILLING CODES: 6210-01-P, 4820-03-P
