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Financial Institution Letters


Bank Secrecy Act Compliance

FIL-141-98
December 31, 1998

 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Form for Designation of Exempt Person (Form TD F 90-22.53)

The Financial Crimes Enforcement Network (FinCEN) has released a new form to be used by financial institutions to designate entities as exempt from the currency transaction reporting requirements of 31 CFR 103.22. The form becomes effective January 1, 1999, and will replace the current method of making a single filing of Form 4789. The new form, a copy of which is attached, may be photocopied as needed. The revised form will also be available on January 1, 1999, on FinCEN's Web site at www.fincen.gov/reg_bsaforms.html.

Any questions concerning the form may be directed to your FDIC Division of Supervision Regional Office.

  Nicholas J. Ketcha Jr.
  Director


Attachment: An electronic version of the attachment is not available.

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 07/17/1999 communications@fdic.gov