OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Financial Recordkeeping and Reporting of Currency and Report of Foreign Bank and Financial Accounts

ICR 201904-1506-001 · OMB 1506-0009 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form FinCEN 114 Report of Foreign Bank and Financial Accounts Form and Instruction Modified Available
1506-0009 FBAR Supp Statement 4-19-19.docx Supporting Statement A Uploaded 2019-04-25 Available
IC Document Collections
IC IDCollectionTypeStatusForm
15292 Report of Foreign Bank and Financial Accounts Form and Instruction Modified
ICR Details
1506-0009 201904-1506-001
Active 201810-1506-001
TREAS/FINCEN
Financial Recordkeeping and Reporting of Currency and Report of Foreign Bank and Financial Accounts
Extension without change of a currently approved collection   No
Regular
Approved without change 08/01/2019
Retrieve Notice of Action (NOA) 04/30/2019
  Inventory as of this Action Requested Previously Approved
01/31/2021 36 Months From Approved 07/31/2019
1,076,145 0 1,090,774
1,076,145 0 1,090,774
0 0 0
The Bank Secrecy Act authorizes Treasury to require financial institutions and individuals to keep records and file reports that the Treasury determines have a high degree of usefulness in criminal, tax, or regulatory matters, or to protect against international terrorism. The information collected assist Federal, State, and local law enforcement in the identification, investigation, and prosecution of individuals involved in a variety of financial crimes.
US Code: 31 USC 5311-5330 Name of Law: Bank Secrecy Act
   US Code: 31 USC 5314 Name of Law: Money and Finance
  
None
Not associated with rulemaking
  83 FR 65394 12/20/2018
84 FR 17450 04/25/2019
Yes
1
IC Title Form No. Form Name
Report of Foreign Bank and Financial Accounts FinCEN 114 Foreign Bank and Financial Report
  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 1,076,145 1,090,774 0 0 -14,629 0
Annual Time Burden (Hours) 1,076,145 1,090,774 0 0 -14,629 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The total number of FBARs for foreign financial accounts reported for calendar year 2017 is 1,076,145. This adjustment in agency estimates reflects a reduction of 14,629 hours from the previously approved figures. The reduction represents a decrease in the number of FBARs filed in calendar year 2017, as compared to calendar year 2016. There were 1,090,774 FBARs filed in calendar year 2016.
$86,092
No
    Yes
    Yes
No
No
No
Uncollected
Jaclyn Stewart 202 354-6028 [email protected]
  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.
04/30/2019