FDIC Federal Register Citations

[Federal Register: July 1, 1997 (Volume 62, Number 126)]

[Notices]

[Page 35496-35497]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr01jy97-82]

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FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Proposed Collection;

Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork

and respondent burden, invites the general public and other Federal

agencies to take this opportunity to comment on proposed and/or

continuing information collections, as required by the Paperwork

Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is

soliciting comments concerning an information collection title

``Appraisal Standards.''

DATES: Comments must be submitted on or before September 2, 1997.

ADDRESSES: Send written comments to Steven F. Hanft, Assistant

Executive Secretary (Regulatory Analysis), Attention: Comments/OES,

Federal Deposit Insurance Corporation, 550 17th Street N.W.,

Washington, D.C. 20429. Comments may be hand-delivered to the guard

station at the rear of the 17th Street Building (located on F Street),

on business days between 7:00 a.m. and 5:00 p.m. (Fax number (202) 898-

3838; Internet address: comments@fdic.gov).

A copy of the comments may also be submitted to the OMB desk

officer for the FDIC: Alexander Hunt, Office of Information and

Regulatory Affairs, Office of Management and Budget, New Executive

Office Building, Room 3208, Washington, D.C. 20503.

FOR FURTHER INFORMATION CONTACT:

Steven F. Hanft, at the address identified above.

SUPPLEMENTARY INFORMATION:

Proposal to renew the following currently approved collection of

information:

Title: Appraisal Standards.

OMB Number: 3064-0103.

Frequency of Response: Occasional.

Affected Public: Any business or other for-profit institution

requiring the services of an appraiser for any real estate related

financial transaction, including loans or investments.

Estimated Number of Respondents: 328,600.

Estimated Time per Response: 15 minutes.

Estimated Total Annual Burden: 82,125 hours.

General Description of Collection: The Financial Institutions

Reform, Recovery, and Enforcement Act of 1989 (FIRREA), directs the

FDIC to prescribe appropriate standards for the performance of real

estate appraisals in connection with Federally related transactions

under this jurisdiction. The information collection activities

attributable to 12 CFR Part 323 are a direct consequence of the

statutory requirements and the legislative intent.

Request for Comment

Comments are invited on: (a) Whether the collection of information

is necessary for the proper performance of the FDIC's functions,

including whether

[[Page 35497]]

the information has practical utility; (b) the accuracy of the

estimates of the burden of the information collection including the

validity of the methodology and assumptions used: (c) ways to enhance

the quality, utility, and clarity of the information to be collected;

and (d) ways to minimize the burden of the information collection on

respondents, including through the use of automated collection

techniques or other forms of information technology.

At the end of the comment period, the comments and recommendations

received will be analyzed to determine the extent to which the

collection should be modified prior to submission to OMB for review and

approval. Comments submitted in response to this notice also will be

summarized or included in the FDIC's requests to OMB for renewal of

this collection. All comments will become a matter of public record.

Dated at Washington, D.C., this 26th day of June, 1997.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 97-17172 Filed 6-30-97; 8:45 am]

BILLING CODE 6714-01-M