OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Additional records to be made and retained by banks (31 CFR 1020.410)

ICR 202102-1506-003 · OMB 1506-0059 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
1506-0059 Supporting Statement- Records Retained by Banks 2-23-21-FINAL.xml Supporting Statement A Uploaded 2021-02-23 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
194400 Additional records to be made and retained by banks Modified
ICR Details
1506-0059 202102-1506-003
Received in OIRA 201709-1506-012
TREAS/FINCEN
Additional records to be made and retained by banks (31 CFR 1020.410)
Extension without change of a currently approved collection   No
Regular 02/24/2021
  Requested Previously Approved
36 Months From Approved 02/28/2021
10,542 22,900
1,054,200 2,290,000
0 0
A bank must retain an original or copy of certain records, as specified in section 31 CFR 1020.410.
US Code: 31 USC 5311-5330 Name of Law: Money and Finance
  
None
Not associated with rulemaking
  85 FR 84105 12/23/2020
86 FR 11379 02/24/2021
No
1
IC Title Form No. Form Name
Additional records to be made and retained by banks
  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 10,542 22,900 0 0 -12,358 0
Annual Time Burden (Hours) 1,054,200 2,290,000 0 0 -1,235,800 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The total annual burden hours decreased by 1,235,800 hours from 2,290,000 hours in 2017 to 1,054,200 hours in 2020, although the annual hourly burden estimates per regulatory requirement remained the same as in 2017. The reduction in burden is solely a result of a decrease in the number of banks from 22,900 in 2017 to 10,542 in 2020.
$0
No
    No
    No
No
No
No
No
FinCEN Resource Center 800 767-2825 [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.
02/24/2021