CTR FAQs - How do we record reportable transactions that occurred at multiple branches?

Compliance > BSA > FinCEN CTR FAQs
Q:  How do we record reportable transactions that occurred at multiple branches?
 
A:  When filing the FinCEN CTR for a reportable transaction(s), the filing institution should complete a Part III for each location where the reportable transactions took place. The FinCEN CTR allows for up to 999 Part IIIs (Financial Institution Where Transaction(s) Takes Place) to be entered on a single filing. If the transactions take place at the branch level, the information regarding the financial institution locations where the transactions took place should be that of the branches involved.
 
Discrete filers: To enter additional Part IIIs using the discrete filing version of the FinCEN CTR, the filing institution would select the “+” icon in Part III.
 
Batch filers: Batch filers will utilize the Financial Institution Where Transaction(s) Take Place (2B) Record for this same purpose. The 2B record identifies information regarding the financial institution where transaction(s) took place. The number of 2B records is dependent on the number of branches the Parent Financial Institution Information (2A) record is reporting on the file. There must be at least one 2B record for each financial institution reporting under the 2A Record. Filers are permitted to associate up to 999 2B records for a single currency transaction report. The 2B record precedes all transaction records for the financial institution. Multiple 2B records must be grouped together prior to the associated Transaction Summary (3A) Record(s).
 
The following are examples of the two batch filing formats involving multiple 2B records that would meet the technical specifications for the FinCEN CTR so the file would be technically acceptable for submission into the BSA E-Filing System as well as permit the data to be loaded properly to reflect the correct associations between the 2B and 3A record(s):
 
Scenarios 
CTR-1: two transactions, each in a different branch (b-1, b-2) 
CTR-2: one transaction in a single branch (b-3) 
CTR-3: two transactions, each in a different branch (b-1, b-3) 
CTR-4: one transaction in a single branch (b-4) 
CTR-5: one transaction in a single branch (b-4) 
 
E-File (Variant A) 
2A (FI) 
2B (b-1) 
2B (b-2) 
3A (CTR-1) 
[3B-4C not addressed to simplify example] 
9A (b1-2 summary) 
2B (b-3) 
3A (CTR-2) 
[3B-4C not addressed to simplify example] 
9A (b3 summary) 
2B (b-1) 
2B (b-3) 
3A (CTR-3) 
[3B-4C not addressed to simplify example] 
9A (b1,3 summary) 
2B (b-4) 
3A (CTR-4) 
[3B-4C not addressed to simplify example] 
3A (CTR-5) 
[3B-4C not addressed to simplify example] 
9A (b4 summary) 
9B (FI Summary)
 
E-File (Example B) 
2A (FI) 
2B (b-1) 
2B (b-2) 
3A (CTR-1) 
[3B-4C not addressed to simplify example] 
9A (b1-2 summary) 
2B (b-3) 
3A (CTR-2) 
[3B-4C not addressed to simplify example] 
9A (b3 summary) 
2B (b-1) 
2B (b-3) 
3A (CTR-3) 
[3B-4C not addressed to simplify example] 
9A (b1,3 summary) 
2B (b-4) 
3A (CTR-4) 
[3B-4C not addressed to simplify example] 
3A (CTR-5) 
[3B-4C not addressed to simplify example] 
9A (b4 summary) 
9B (FI Summary)
 
 
 
ADDITIONAL INFORMATION:
This FAQ was obtained from FinCEN’s website, FinCEN CTR FAQs section, which may be found here: 
 

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