SUMMARY: In accordance with requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it
plans to submit the Office of Management and Budget (OMB) a request for
OMB review and approval of the information collection system described
Type of Review: Renewal of a currently approved collection.
Title: Procedures and Monitoring Bank Secrecy Act Compliance.
OMB Number: 3064-0087.
Annual Burden: Estimated annual number of respondents:--8,400;
Estimated time per response--.5 hours; Average annual burden hours--
Expiration Date of OMB Clearance: September 30, 1998.
OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of
Management and Budget, Office of Information and Regulatory Affairs,
Washington, DC 20503.
FDIC Contact: Tamara R. Manly, (202) 898-7453, Office of the
Executive Secretary, Room F-4058, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
Comments: Comments on this collection of information are welcome
and should be submitted on or before August 27, 1998 to both the OMB
reviewer and the FDIC contact listed above.
ADDRESSES: Information about this submission, including copies of the
proposed collection of information, may be obtained by calling or
writing the FDIC contact listed above.
SUPPLEMENTARY INFORMATION: 12 CFR 326 requires all insured nonmember
banks to establish and maintain procedures designed to assure and
monitor their compliance with the requirements of the Bank Secrecy Act
(31 U.S.C. 5311 et seq.) and the implementing regulations promulgated
thereunder by the Department of Treasury at 31 CFR 103.
Dated: July 22, 1998.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 98-20058 Filed 7-27-98; 8:45 am]
BILLING CODE 6714-01-M