SUMMARY: In accordance with requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it
plans to submit to the Office of Management and Budget (OMB) a request
for OMB review and approval of the information collection system
Type of Review: Renewal of a currently approved collection.
Title: Real Estate Lending Standards.
OMB Number: 3064-0112.
Annual Burden: Estimated annual number of respondents--6,100;
Estimated time per response--25 hours; Average annual burden hours--
Expiration Date of OMB Clearance: September 30, 1998.
OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of
Management and Budget, Office of Information and Regulatory Affairs,
Washington, D.C. 20503.
FDIC Contact: Tamara R. Manly, (202) 898-7453, Office of the
Executive Secretary, Room F-4058, Federal Deposit Insurance
Corporation, 550 17th Street N.W., Washington, D.C. 20429.
Comments: Comments on this collection of information are welcome
and should be submitted on or before August 27, 1998 to both the OMB
reviewer and the FDIC contact listed above.
ADDRESSES: Information about this submission, including copies of the
proposed collection of information, may be obtained by calling or
writing the FDIC contact listed above.
SUPPLEMENTARY INFORMATION: Institutions will use real estate lending
policies to guide their lending operations in a manner that is
consistent with safe and sound banking practices and appropriate to
their size, nature and scope of their operations. These policies should
address certain lending considerations, including loan-to-value limits,
loan administration policies, portfolio diversification standards, and
documentation, approval and reporting requirements.
Dated: July 22, 1998.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 98-20055 Filed 7-27-98; 8:45 am]
BILLING CODE 6714-01-M