[Federal Register Volume 89, Number 37 (Friday, February 23, 2024)]
[Notices]
[Page 13719]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03666]



[[Page 13719]]

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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

[Docket No. AS24-05]


Appraisal Subcommittee; Notice of Adoption of Revised Grants 
Handbook

AGENCY: Appraisal Subcommittee of the Federal Financial Institutions 
Examination Council.

ACTION: Notice of adoption of Revised Grants Handbook.

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SUMMARY: The Appraisal Subcommittee (ASC) of the Federal Financial 
Institutions Examination Council (FFIEC) is providing notice of its 
adoption of the Revised Grants Handbook (Handbook). The Handbook is the 
official repository of the policies and procedures for the 
administration of grants made by the ASC as authorized by Title XI of 
the Financial Institutions Reform, Recovery, and Enforcement Act of 
1989, as amended (Title XI). The ASC adopted the Handbook in the open 
session ASC Special Meeting held January 17, 2024. This Handbook 
supersedes the Handbook that the ASC adopted on December 12, 2019.

FOR FURTHER INFORMATION CONTACT: Rae Frederique, Grants Director, at 
[email protected], ASC, 1325 G Street NW, Suite 500, Washington, DC 
20005.

SUPPLEMENTARY INFORMATION: The ASC is authorized to grant funds to the 
Appraisal Foundation under Title XI, section 1109(b)(4). The ASC may 
``make grants in such amounts as it deems appropriate to the Appraisal 
Foundation, to help defray those costs of the foundation relating to 
the activities of its Appraisal Standards and Appraiser Qualification 
Boards.'' \1\ The ASC is also authorized to grant funds to State 
appraiser certifying and licensing agencies under Title XI section 1109 
(b)(5), which provides that the ASC may ``make grants to State 
appraiser certifying and licensing agencies, in accordance with 
policies to be developed by the [ASC], to support the efforts of such 
agencies to comply with [Title XI] . . . .'' \2\
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    \1\ Title XI Sec.  1109 (b)(4), 12 U.S.C. 3338(b)(4).
    \2\ Title XI Sec.  1109 (b)(5), 12 U.S.C. 3338(b)(5).
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    The Handbook as adopted by the ASC is available to the public and 
can be found at: https://www.asc.gov/sites/default/files/2024-01/2024.01.17%20ASC%20Handbook%20Ver.2.pdf on the ASC's website 
(www.asc.gov).
* * * * *

    By the Appraisal Subcommittee.
James R. Park,
Executive Director.
[FR Doc. 2024-03666 Filed 2-22-24; 8:45 am]
BILLING CODE 6700-01-P