[Federal Register Volume 65, Number 112 (Friday, June 9, 2000)]
[Notices]
[Pages 36696-36697]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-14577]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Board of Governors of the Federal Reserve System.

Background

    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board of Governors of the Federal Reserve System 
(Board) its approval authority under the Paperwork Reduction Act, as 
per 5 CFR 1320.16, to approve of and assign OMB control numbers to 
collection of information requests and requirements conducted or 
sponsored by the Board under conditions set forth in 5 CFR 1320 
Appendix A.1. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. Copies of the OMB 83-Is and supporting 
statements and approved collection of information instruments are 
placed into OMB's public docket files. The Federal Reserve may not 
conduct or sponsor, and the 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.

Request for Comment on Information Collection Proposals

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, along with an analysis of 
comments and recommendations received, will be submitted to the Board 
for final approval under OMB delegated authority. Comments are invited 
on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed 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 information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology.

DATES: Comments must be submitted on or before August 8, 2000.

ADDRESSES: Comments, which should refer to the OMB control number or 
agency form number, should be addressed to Jennifer J. Johnson, 
Secretary, Board of Governors of the Federal Reserve System, 20th and C 
Streets, NW, Washington, DC 20551, or mailed electronically to 
[email protected]. Comments addressed to Ms. Johnson 
also may be delivered to the Board's mail room between 8:45 a.m. and 
5:15 p.m., and to the security control room outside of those hours. 
Both the mail room and the security control room are accessible from 
the courtyard entrance on 20th Street between Constitution Avenue and C 
Street, NW. Comments received may be inspected in room M-P-500 between 
9:00 a.m. and 5:00 p.m., except as provided in section 261.14 of the 
Board's Rules Regarding Availability of Information, 12 CFR 261.14(a).
    A copy of the comments may also be submitted to the OMB desk 
officer for the Board: Alexander T. Hunt, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and 
instructions, the Paperwork Reduction Act Submission (OMB 83-I), 
supporting statement, and other documents that will be placed into 
OMB's public docket files once approved may be requested from the 
agency clearance officer, whose name appears below. Mary M. West, 
Federal Reserve Board Clearance Officer (202-452-3829), Division of 
Research and Statistics, Board of Governors of the Federal Reserve 
System, Washington, DC 20551. Telecommunications Device for the Deaf 
(TDD) users may contact Diane Jenkins, (202-452-3544), Board of 
Governors of the Federal Reserve System, Washington, DC 20551.

Proposal To Approve Under OMB Delegated Authority the Extension for 
Three Years, Without Revision, of the Following Reports

    1. Report title: Request for Proposal (RFP); Request for Price 
Quotations (RFPQ).
    Agency form number: RFP; RFPQ.
    OMB control number: 7100-0180.
    Frequency: On occasion.
    Reporters: Vendors and suppliers.
    Annual reporting hours: 15,000 hours.
    Estimated average hours per response: 56 hours, RFP; 2 hours, RFPQ.
    Number of respondents: 75, RFP; 5,400, RFPQ.
    Small businesses are affected.
    General description of report: This information collection is 
required to obtain or retain a benefit (12 U.S.C. sections 243, 244, 
and 248) and is not given confidential treatment unless a respondent 
requests that portions of the information be kept confidential and the 
Board grants the request pursuant to the applicable exemptions provided 
by the Freedom of Information Act (5 U.S.C. section 552).
    Abstract: The Federal Reserve Board uses the RFP and the RFPQ as 
needed to obtain competitive proposals and contracts from approved 
vendors of goods and services. Depending upon the goods and services 
for which the Federal Reserve Board is seeking competitive bids, the 
respondent is requested to provide either prices for providing the 
goods or services (RFPQ) or a document covering not only prices, but 
also the means of performing a particular service and a description of 
the qualification of the staff who will perform the service (RFP). The 
Board staff uses this information to analyze the proposals and select 
the offer providing the best value.
    2. Report title: Recordkeeping Requirements Associated with Real 
Estate Appraisal Standards for Federally Related Transactions Pursuant 
to Regulations H and Y.
    Agency form number: FR H-4.
    OMB control number: 7100-0250.
    Frequency: On occasion.
    Reporters: State member banks and bank holding company 
subsidiaries.
    Annual reporting hours: 67,588 hours.
    Estimated average hours per response: 15 minutes.
    Number of respondents: 2,235.
    Small businesses are not affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 3331-3351) and is not given confidential 
treatment.
    Abstract: For federally related transactions, Title XI of the 
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 
(FIRREA) requires state member banks and bank holding company 
subsidiaries to use appraisals prepared in accordance with the Uniform 
Standards of Professional Appraisal Practice promulgated by the 
Appraisal Standards Board of the Appraisal Foundation. These standards

[[Page 36697]]

include the methods and techniques used to analyze a property as well 
as the requirements for reporting such analysis and a value conclusion 
in the appraisal. There is no formal reporting form and the information 
is not submitted to the Federal Reserve.

    Board of Governors of the Federal Reserve System, June 5, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-14577 Filed 6-8-00; 8:45 am]
BILLING CODE 6210-01-P