[Federal Register Volume 60, Number 164 (Thursday, August 24, 1995)] [Rules and Regulations] [Page 44144] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 95-20841] [[Page 44143]] _______________________________________________________________________ Part IV Federal Reserve System Department of the Treasury 31 CFR Part 103 Bank Secrecy Act Regulations; Final Rule and Proposed Rule Federal Reserve System 12 CFR Part 219 Reimbursement for Providing Financial Records; Recordkeeping Requirements for Certain Financial Records; Final Rule Department of the Treasury 31 CFR Part 103 Bank Secrecy Act Regulations; Final Rule and Proposed Rule Federal Register / Vol. 60, No. 164 / Thursday, August 24, 1995 / Rules and Regulations [[Page 44144]] FEDERAL RESERVE SYSTEM [Docket No. R-0807] DEPARTMENT OF THE TREASURY 31 CFR Part 103 RIN 1506-AA16 Amendment to the Bank Secrecy Act Regulations Relating to Recordkeeping for Funds Transfers and Transmittals of Funds by Financial Institutions AGENCY: Board of Governors of the Federal Reserve System; Department of the Treasury. ACTION: Joint final rule; delay of effective date. ----------------------------------------------------------------------- SUMMARY: On January 3, 1995, the Financial Crimes Enforcement Network (FinCEN) of the Department of the Treasury (Treasury) and the Board of Governors of the Federal Reserve System (Board) jointly published a final rule that requires enhanced recordkeeping related to certain funds transfers and transmittals of funds by financial institutions, effective January 1, 1996. (60 FR 220). The Treasury and the Board have delayed the effective date of the joint final rule until April 1, 1996, because of the uncertainty by financial institutions as to their responsibilities under the joint final rule with respect to international transfers pending final action on proposed amendments to the rule, which are published elsewhere in today's Federal Register. EFFECTIVE DATES: Effective August 24, 1995, the effective date of the joint final rule published on January 3, 1995, at 60 FR 220, is delayed until April 1, 1996. FOR FURTHER INFORMATION CONTACT: Treasury: Roger Weiner, Assistant Director, 202/622-0400; Stephen R. Kroll, Legal Counsel, 703/905-3534; or Nina A. Nichols, Attorney- Advisor, 703/905-3598, FinCEN. Board: Louise L. Roseman, Associate Director, 202/452-2789; Gayle Brett, Manager, Fedwire Section, 202/452-2934; Division of Reserve Bank Operations and Payment Systems; Oliver Ireland, Associate General Counsel, 202/452-3625; or Elaine Boutilier, Senior Counsel 202/452- 2418, Legal Division, Board of Governors of the Federal Reserve System. For the hearing impaired only, Telecommunication Device for the Deaf (TDD), Dorothea Thompson, 202/452-3544. The effective date of the joint final rule published by the Board and Treasury at 60 FR 220, January 3, 1995, is delayed for three months from January 1, 1996 to April 1, 1996. Federal Register / Vol. 60, No. 164 / Thursday, August 24, 1995 / Rules and Regulations In concurrence: By the Board of Governors of the Federal Reserve System, August 17, 1995. William W. Wiles, Secretary to the Board. By the Department of the Treasury, Dated: July 31, 1995. Stanley E. Morris, Director, Financial Crimes Enforcement Network. FR Doc 95-20841 Filed 08-13-95; 8:45 a.m. BILLING CODES: 6210-01-P, 4820-03-P