[Federal Register Volume 62, Number 126 (Tuesday, July 1, 1997)]
[Notices]
[Pages 35496-35497]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17172]


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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: [email protected]).
    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