[Federal Register Volume 63, Number 144 (Tuesday, July 28, 1998)]
[Notices]
[Pages 40283-40284]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-20055]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for 
review and

[[Page 40284]]

approval under the Paperwork Reduction act of 1995.

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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 
described below.
    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--
152,500 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,
Executive Secretary.
[FR Doc. 98-20055 Filed 7-27-98; 8:45 am]
BILLING CODE 6714-01-M