OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Correspondent Accounts for Foreign Shell Banks; Record keeping and Termination of Correspondent Accounts

ICR 200804-1506-002 · OMB 1506-0043 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
PRA2008-312.doc Supporting Statement A Uploaded 2008-04-17 Available
IC Document Collections
IC IDCollectionTypeStatusForm
15355 Correspondent Accounts for Foreign Shell Banks; Record keeping and Termination of Correspondent Accounts Modified
ICR Details
1506-0043 200804-1506-002
Historical Active 200507-1506-002
TREAS/FINCEN
Correspondent Accounts for Foreign Shell Banks; Record keeping and Termination of Correspondent Accounts
Extension without change of a currently approved collection   No
Regular
Approved without change 08/05/2008
Retrieve Notice of Action (NOA) 05/20/2008
  Inventory as of this Action Requested Previously Approved
08/31/2011 36 Months From Approved 08/31/2008
9,000 0 9,000
306,000 0 306,000
0 0 0
These rules prohibit domestic financial institutions from maintaining correspondent accounts with foreign shell banks and require such institutions to maintain records of the owners, and agents, for service of legal process of foreign banks.
US Code: 31 USC 5318j Name of Law: Bank Secrecy Act
  
None
Not associated with rulemaking
  73 FR 8109 02/12/2008
73 FR 29176 05/20/2008
No
1
IC Title Form No. Form Name
Correspondent Accounts for Foreign Shell Banks; Record keeping and Termination of Correspondent Accounts
  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 9,000 9,000 0 0 0 0
Annual Time Burden (Hours) 306,000 306,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Russell Stephenson 202 354-6012
  No
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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
05/20/2008