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
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: firstname.lastname@example.org).
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.
Proposal to renew the following currently approved collection of
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,
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,
[FR Doc. 97-17172 Filed 6-30-97; 8:45 am]
BILLING CODE 6714-01-M