[Federal Register Volume 62, Number 228 (Wednesday, November 26, 1997)]
[Notices]
[Page 63217]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-30976]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Information Collection; Submission for OMB Review; Comment 
Request

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Submission for OMB review; comment request.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. Chapter 35), the Office of the Comptroller of 
the Currency (OCC) hereby gives notice that it has sent to the Office 
of Management and Budget (OMB) for review an information collection 
titled (MA)-Real Estate Lending and Appraisals--12 CFR 34.

DATES: Comments regarding this information collection are welcome and 
should be submitted to the OMB Reviewer and the OCC. Comments are due 
on or before December 26, 1997.

ADDRESSES: A copy of the submission may be obtained by calling the OCC 
contact listed. Direct all written comments to the Communications 
Division, Attention: 1557-0190, Third Floor, Office of the Comptroller 
of the Currency, 250 E Street, SW, Washington, DC 20219. In addition, 
comments may be sent by facsimile transmission to (202) 874-5274, or by 
electronic mail to [email protected].

SUPPLEMENTARY INFORMATION:

    OMB Number: 1557-0190.
    Form Number: Not applicable.
    Type of Review: Renewal of OMB approval.
    Title: (MA) Real Estate Lending and Appraisals.
    Description: The collections of information contained in 12 CFR 
part 34 are as follows:
    Subpart C establishes real estate appraisal requirements that a 
national bank must follow for all federally-related real estate 
transactions. These appraisal requirements provide protections for the 
bank, further public policy interests, and were issued pursuant to 
title XI of the Financial Institutions Reform, Recovery, and 
Enforcement Act of 1989 (12 U.S.C. 3331 et seq.).
    Subpart D requires that a national bank adopt and maintain written 
policies for real estate lending transactions. These requirements 
ensure bank safety and soundness and were issued pursuant to section 
304 of the Federal Deposit Insurance Corporation Improvement Act of 
1991 (12 U.S.C. 1828(o)).
    Subpart E requires that a national bank file an application to 
extend the five-year holding period for Other Real Estate Owned (OREO) 
and file notice when it makes certain expenditures for OREO development 
or improvement projects. These requirements further bank safety and 
soundness and were issued pursuant to 12 U.S.C. 29.
    Respondents: Businesses or other for-profit; individuals.
    Number of Respondents: 2,800.
    Total Annual Responses: 3,540.
    Frequency of Response: Occasional.
    Estimated Total Annual Burden: 240,160.
    OCC Contact: Jessie Gates, (202) 874-5090, Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, 250 E Street, SW, Washington, DC 20219.
    OMB Reviewer: Alexander Hunt, (202) 395-7340, Paperwork Reduction 
Project 1557-0190, Office of Management and Budget, Room 10226, New 
Executive Office Building, Washington, DC 20503.
    The OCC may not conduct or sponsor, and respondent is not required 
to respond to, an information collection that has been extended, 
revised, or implemented on or after October 1, 1995, unless it displays 
a currently valid OMB control number. Comments are invited on: (a) 
Whether the proposed revisions to the following collections of 
information are necessary for the proper performance of the OCC's 
functions, including whether the information has practical utility; (b) 
the accuracy of the OCC's estimate of the burden of the information 
collection; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; (d) ways to minimize the burden of 
information collection on respondents, including through the use of 
automated collection techniques or other forms of information 
technology; and (e) estimates of capital or startup costs and costs of 
operation, maintenance, and purchase of services to provide 
information.

    Date: November 13, 1997.
Karen Solomon,
Director, Legislative & Regulatory Activities Division.
[FR Doc. 97-30976 Filed 11-25-97; 8:45 am]
BILLING CODE 4810-33-P