[Federal Register Volume 66, Number 50 (Wednesday, March 14, 2001)]
[Notices]
[Page 14984]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-6246]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


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

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

ACTION: Submission for OMB review; comment request.

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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. The OCC may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented unless it displays a currently valid 
Office of Management and Budget (OMB) control number. Currently, the 
OCC is soliciting comments concerning an extension, without change, of 
an information collection titled (MA)--Real Estate Lending and 
Appraisals--12 CFR 34.'' The OCC also gives notice that it has sent the 
information collection to OMB for review.

DATES: You should submit your comments to both OCC and the OMB Desk 
Officer by April 13, 2001.

ADDRESSES: You are invited to submit comments to the Office of the 
Comptroller of the Currency, 250 E Street, SW., Public Information 
Room, Mailstop 1-5, Attention: 1557-0190, Washington, DC 20219. In 
addition, you can send comments by facsimile transmission to (202) 874-
5274, or by electronic mail to [email protected].
    A copy of the comments may also be submitted to the OMB Desk 
Officer, Alexander T. Hunt, Office of Management and Budget, New 
Executive Office Building, Room 3208, Attention: 1557-0190, Washington, 
DC 20503.

FOR FURTHER INFORMATION CONTACT: You may request additional information 
or a copy of the collection and supporting documentation submitted to 
OMB by contacting Jessie Dunaway, OCC Clearance Officer, or Camille 
Dixon, (202) 874-5090, Legislative and Regulatory Activities Division, 
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.
    Form Number: None.
    Description: This submission covers an existing regulation and 
involves no change to the regulation or to the information collections 
embodied in the regulation. The OCC requests only that OMB renew its 
approval of the information collections in the current regulation.
    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.
    Estimated Number of Respondents: 2,400.
    Estimated Total Annual Responses: 900.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 132,900 burden hours.
    Comments: The Agencies have a continuing interest in the public's 
opinion regarding collections of information. Members of the public may 
submit comments regarding any aspect of these collections of 
information.

    Dated: March 7, 2001
Mark J. Tenhundfeld,
Assistant Director, Legislative & Regulatory Activities Division.
[FR Doc. 01-6246 Filed 3-13-01; 8:45 am]
BILLING CODE 4810-33-P