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Code · CFR · Title 12 — Banks and Banking · Part 21 — Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program · § 21.3

§ 21.3. Security program.

358 words·~2 min read·/us/cfr/t12/s§ 21.3·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Contents of security program. The security program shall:
(1)Establish procedures for opening and closing for business and for the safekeeping of all currency, negotiable securities, and similar valuables at all times;
(2)Establish procedures that will assist in identifying persons committing crimes against the institution and that will preserve evidence that may aid in their identification or conviction; such procedures may include, but are not limited to:
(i)Using identification devices, such as prerecorded serial-numbered bills, or chemical and electronic devices;
(ii)Maintaining a camera that records activity in the banking office; and
(iii)Retaining a record of any robbery, burglary or larceny committed or attempted against a banking office;
(3)Provide for initial and periodic training of employees in their responsibilities under the security program and in proper employee conduct during and after a robbery; and
(4)Provide for selecting, testing, operating and maintaining appropriate security devices, as specified in paragraph
(b)of this section.
(b)Security devices. Each national bank shall have, at a minimum, the following security devices:
(1)A means of protecting cash or other liquid assets, such as a vault, safe, or other secure space;
(2)A lighting system for illuminating, during the hours of darkness, the area around the vault, if the vault is visible from outside the banking office;
(3)Tamper-resistant locks on exterior doors and exterior windows designed to be opened;
(4)An alarm system or other appropriate device for promptly notifying the nearest responsible law enforcement officers of an attempted or perpetrated robbery, burglary or larceny; and
(5)Such other devices as the security officer determines to be appropriate, taking into consideration:
(i)The incidence of crimes against financial institutions in the area;
(ii)The amount of currency or other valuables exposed to robbery, burglary, or larceny;
(iii)The distance of the banking office from the nearest responsible law enforcement officers and the time required for such law enforcement officers ordinarily to arrive at the banking office;
(iv)The cost of the security devices;
(v)Other security measures in effect at the banking office; and
(vi)The physical characteristics of the banking office structure and its surroundings.
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