Suspicious Activity Report by Depository Institutions

Forms and Documents

Document Name	Status
Form FR 2230 Suspicious Activity Report by Depository Institutions Form and Instruction	Modified
FR2230_20130226_omb.docx Supporting Statement A	2013-02-26

IC Document Collections

IC ID	Document Title	Status
36235	Suspicious Activity Report by Depository Institutions Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0212	ICR Reference No: 201301-7100-008
Status: Historical Active	Previous ICR Reference No: 201205-7100-001
Agency/Subagency: FRS	Agency Tracking No: FR 2230
Title: Suspicious Activity Report by Depository Institutions
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/26/2013
	Date Received in OIRA: 02/26/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2016	36 Months From Approved	07/31/2015
Responses	93,010	0	90,397
Time Burden (Hours)	139,515	0	90,397
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal financial institutions supervisory agencies, the U.S. Departments of Justice and Treasury, and several law enforcement agencies jointly designed this interagency reporting form. It is used by financial institutions to apprise law enforcement authorities of any known or suspected criminal misconduct at financial institutions.

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Authorizing Statute(s): US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1818 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 248(a)(1), 625 Name of Law: International Banking Act
   US Code: 12 USC 3105(c)(2), 3106(a) Name of Law: International Banking Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 72349	12/05/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 11646	02/19/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Suspicious Activity Report by Depository Institutions	FR 2230	Suspicious Activity Report by Depository Institutions

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ICR Summary of Burden

	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	93,010	90,397	0	0	2,613	0
Annual Time Burden (Hours)	139,515	90,397	0	46,505	2,613	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Federal Reserve proposes several new data fields, including data fields from the SARs of other industries, effective as of April 1, 2013. Because of these changes, the Federal Reserve estimates the average burden would increase to 1.5 hours per response. In addition, the Federal Reserve estimates that institutions now file 15.5017 SARs per year, up from 15.0662.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 02/26/2013

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