OCC 2000-24 
Subject: Bank Secrecy Act
Description: Interim Rule	
Date: August 17, 2000

TO: Chief Executive Officers and Compliance 
    Officers of All National Banks and 
    Federal Branches, Department and Division 
    Heads, and Examining Personnel


On July 28, 2000, the Financial Crimes Enforcement Network 
(FinCEN) published in the Federal Register an interim rule 
that amended the exemption provisions for filing currency 
transaction reports contained in the Bank Secrecy Act 
regulation  [31 CFR 103.22(d)].  Under the interim rule: 

. Exemption provisions of the regulation now apply to exemptible 
  accounts of non-listed businesses and payroll customers, rather 
  than just those customers' transaction accounts.  The term 
  "exemptible accounts" is defined to include both transaction 
  accounts and money market deposit accounts of non-listed 
  businesses and payroll customers maintained in connection 
  with their commercial enterprises; 

. Banks must use Treasury Form TD F 90-22.53 to designate and 
  renew the designation of exempt persons; and,  

. Banks are not required to file TD F 90-22.53 with respect to 
  currency transfers to or from the twelve Federal Reserve Banks. 

A copy of the rule is attached.  It became effective on 
July 31, 2000, with a request for comments before September 26, 2000.  
Questions about the interim rule may be directed to FinCEN, 
your OCC supervisory office, or the Community and Consumer 
Policy Division at (202) 874-4428. 


		
Ralph E. Sharpe
Deputy Comptroller
Community and Consumer Policy

Attachment -- 65 FR 46356