View Information Collection Request (ICR) Package

Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.

View ICR - OIRA Conclusion

OMB Control No: 1506-0012	ICR Reference No: 202410-1506-001
Status: Active	Previous ICR Reference No: 202107-1506-005
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Transactions of Exempt Persons Regulations, and FinCEN Form 110-Designation of Exempt Persons (DOEP) Report
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/13/2025
	Date Received in OIRA: 10/30/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2028	36 Months From Approved	01/31/2025
Responses	15,105	0	18,141
Time Burden (Hours)	15,105	0	18,141
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	15,105	18,141	-3,036
Annual Time Burden (Hours)	15,105	18,141	-3,036
Annual Cost Burden (Dollars)	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The estimated total annual burden decreased by 3,036 hours from 18,141 hours in 2020 to 15,105 hours in 2024, although the annual hourly burden estimates per regulatory requirement remained the same as in 2020 (one hour per report). The reduction in burden is a result of a decrease in the number of reports filed from 18,141 in 2019 to 15,105 in 2023. Additionally, there was a reduction in the number of respondents since the last approval from 11,161 banks in 2019 to 10,062 in 2023.

Annual Cost to Federal Government: $1,510

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. Yes

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? No

Agency Contact: FinCEN Resource Center 800 767-2825 frc@fincen.gov

Something went wrong when downloading this file. If you have any questions, please send an email to risc@gsa.gov.