[Federal Register Volume 65, Number 194 (Thursday, October 5, 2000)]
[Notices]
[Page 59500]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-25588]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Proposed Renewal of Information Collection; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, 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 a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. Currently, the OCC is soliciting comment concerning its renewal 
of an information collection titled, ``(MA)-Real Estate Lending and 
Appraisals--12 CFR 34.''

DATES: You should submit written comments by December 4, 2000.

ADDRESSES: You should 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, 
you may send comments by facsimile transmission to (202) 874-5274, or 
by electronic mail to [email protected]. You can inspect and 
photocopy the comments at the OCC's Public Reference Room, 250 E 
Street, SW., Washington, DC, between 9:00 a.m. and 5:00 p.m. on 
business days. You can make an appointment to inspect the comments by 
calling (202) 874-5043.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
from or a copy of the collection from Jessie Dunaway or Camille Dixon, 
(202)874-5090, Legislative and Regulatory Activities Division (1557-
0190), Office of the Comptroller of the Currency, 250 E Street, SW., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection:
    Title: (MA)-Real Estate Lending and Appraisals--12 CFR 34.
    OMB Number: 1557-0190.
    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 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 related 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.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit; individuals.
    Estimated Number of Respondents: 2,800.
    Estimated Total Annual Responses: 3,540.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 240,160 burden hours.
    An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless the 
information collection displays a currently valid OMB control number.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments will become 
a matter of public record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information has practical utility;
    (b) The accuracy of the agency's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the 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.

    Dated: September 29, 2000.
Mark J. Tenhundfeld,
Assistant Director, Legislative & Regulatory Activities Division.
[FR Doc. 00-25588 Filed 10-4-00; 8:45 am]
BILLING CODE 4810-33-P