[Federal Register Volume 72, Number 97 (Monday, May 21, 2007)]
[Notices]
[Page 28556]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 07-2523]


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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: 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 comment on a continuing information collection, as required 
by the Paperwork Reduction Act of 1995. An agency may not conduct or 
sponsor, and a respondent is not required to respond to, an information 
collection unless it displays a currently valid Office of Management 
and Budget (OMB) control number. The OCC is soliciting comment 
concerning an extension of OMB approval of the 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 and approval.

DATES: Comments must be submitted on or before June 20, 2007.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0190, 
250 E Street, SW., Washington, DC 20219. In addition, comments may be 
sent by fax to (202) 874-4448, or by electronic mail to 
[email protected]. You can inspect and photocopy the comments 
at the OCC's Public Information Room, 250 E Street, SW., Washington, DC 
20219. You can make an appointment to inspect the comments by calling 
(202) 874-5043.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer, 1557-0190, by mail to U.S. Office of Management and Budget, 
725 17th Street, NW., 10235, Washington, DC 20503, or by fax 
to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You may request additional information 
or a copy of the collection and supporting documentation submitted to 
OMB by contacting: Mary Gottlieb or Camille Dickerson, (202) 874-5090, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION:
    Title: (MA) Real Estate Lending and Appraisals (12 CFR 34).
    OMB Control No.: 1557-0190.
    Type of Review: Extension, without revision, of a currently 
approved collection.
    Description: Title XI of the Financial Institutions Reform, 
Recovery and Enforcement Act of 1989 (FIRREA), 12 U.S.C. 3331 et seq., 
directs the Federal banking agencies to publish appraisal rules for 
federally related transactions. This submission covers those 
statutorily required appraisal rules. These regulations are required by 
statute and are used by the agencies to ensure the safe and sound 
operation of financial institutions.
    National banks must review and maintain records required under 12 
CFR Part 34 Subpart C (Appraisal Requirements) and Subpart D (Real 
Estate Lending Standards) and file the reports required by Subpart E 
(Other Real Estate Owned).
    Affected Public: Businesses or other for-profit.
    Burden Estimates:
    Estimated Number of Respondents: 1,800.
    Estimated Number of Responses: 3,610.
    Estimated Annual Burden: 99,050 hours.
    Frequency of Response: On occasion.
    Comments: A 60-day Federal Register Notice was issued on March 14, 
2007 (72 FR 11934). No comments were received. Comments continue to be 
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: May 15, 2007.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
[FR Doc. 07-2523 Filed 5-18-07; 8:45 am]
BILLING CODE 4810-33-P