[Federal Register Volume 68, Number 194 (Tuesday, October 7, 2003)]
[Notices]
[Pages 57908-57909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-25375]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, 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 proposed and/or 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is 
soliciting comments concerning an information collection titled: (1) 
Application for Consent to Exercise Trust Powers and (2) Appraisal 
Standards.

DATES: Comments must be submitted on or before December 8, 2003.

ADDRESSES: Interested parties are invited to submit written comments to 
Leneta Gregorie, Counsel (Consumer and Compliance Unit), (202) 898-
3719, Legal Division, Room 3062, Attention: Comments/Legal, Federal 
Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 
20429. All comments should refer to the OMB control number. Comments 
may be hand-delivered to the guard station at the rear of the 17th 
Street Building (located on F Street), on business days between 7 a.m. 
and 5 p.m. [FAX number (202) 898-3838; Internet address: 
[email protected]].
    A copy of the comments may also be submitted to the OMB desk 
officer for the FDIC: Joseph F. Lackey, Jr., Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10236, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Leneta G. Gregorie, Counsel (Consumer 
and Compliance Unit) (202) 898-3719.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:
    1. Title: Application for Consent to Exercise Trust Powers.
    OMB Number: 3064-0025.
    Form Number: 6200/09.
    Frequency of Response: On occasion.
    Affected Public: All financial institutions.
    Estimated Number of Respondents: 18.
    Estimated Time per Response: 14 applications--8 hours; 4 
applications--24 hours.
    Estimated Total Annual Burden: 82,150 hours.
    General Description of Collection: Insured state nonmember banks 
submit applications to the FDIC for consent to exercise trust powers. 
Applications are evaluated by the FDIC to verify qualifications of bank 
management to administer a trust department and to ensure that the 
bank's financial condition will not be jeopardized as a result of trust 
operations.
    2. Title: Appraisal Standards.
    OMB Number: 3064-0103.
    Frequency of Response: On occasion.
    Affected Public: All financial institutions.
    Estimated Number of Respondents: 5,346.
    Estimated Number of Responses: 328,600.
    Estimated Time per Response: 15 minutes.
    Estimated Annual Burden: 82,150 hours.
    General Description of Collection: FIRREA directs the FDIC to 
prescribe appropriate standards for the performance of real estate 
appraisals in connection with federally related transactions under its 
jurisdiction. The information collection activities attributable to 12 
CFR part 323 are a direct consequence of the statutory requirements and 
the legislative intent.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether

[[Page 57909]]

the information has practical utility; (b) the accuracy of the 
estimates of the burden of the 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 the information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. At the end of the 
comment period, the comments and recommendations received will be 
analyzed to determine the extent to which the collection should be 
modified prior to submission to OMB for review and approval. Comments 
submitted in response to this notice also will be summarized or 
included in the FDIC's requests to OMB for renewal of this collection. 
All comments will become a matter of public record.

    Dated in Washington, DC, this 1st day of October, 2003.

    Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 03-25375 Filed 10-6-03; 8:45 am]
BILLING CODE 6714-01-P