[Federal Register Volume 65, Number 161 (Friday, August 18, 2000)]
[Notices]
[Pages 50532-50533]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-21035]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

SUMMARY:

Background

    Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority, as per 5 CFR 
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). 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,

[[Page 50533]]

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.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--Mary M. West--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829); OMB Desk Officer--Alexander T. Hunt--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503 (202-395-7860).

Final Approval Under OMB Delegated Authority of 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: Event generated.
    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. Sections 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 
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.
    August 14, 2000.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 00-21035 Filed 8-17-00; 8:45 am]
BILLING CODE 6210-01-P