[Federal Register Volume 89, Number 55 (Wednesday, March 20, 2024)]
[Notices]
[Page 19829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05900]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0103]


Agency Information Collection Activities: Proposed Collection 
Renewal; 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 obligations under the Paperwork 
Reduction Act of 1995 (PRA), invites the general public and other 
Federal agencies to take this opportunity to comment on the renewal of 
the existing information collections described below (OMB Control No. 
3064-0103).

DATES: Comments must be submitted on or before May 20, 2024.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW, 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street NW building (located on F Street 
NW), on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy of the comments may also be submitted to the OMB desk officer for 
the FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION:

Proposal To Renew the Following Currently Approved Collection of 
Information

    1. Title: Recordkeeping Requirements Associated with Real Estate 
Appraisals and Evaluations.
    OMB Number: 3064-0103.
    Forms: None.
    Affected Public: Insured State Nonmember Banks and State Savings 
Associations.
    Burden Estimate:

                                                           Summary of Estimated Annual Burdens
                                                                   [OMB No. 3064-0103]
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                                                                                                                     Number of     Time per     Annual
          IC description            Type of burden (obligation to respond)   Frequency of response    Number of    responses per   response     burden
                                                                                                     respondents    respondent      (hours)     (hours)
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Recordkeeping Requirements          Recordkeeping (Mandatory).............  On occasion............        3,038             250       0.083      63,039
 Associated with Real Estate
 Appraisals and Evaluations (12
 CFR 323).
                                                                                                    ----------------------------------------------------
    Total Annual Burden Hours.....  ......................................  .......................  ...........  ..............  ..........      63,039
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Source: FDIC.

    General Description of Collection: FIRREA directs the FDIC to 
prescribe appropriate performance standards for real estate appraisals 
connected with federally related transactions under its jurisdiction. 
This information collection is a direct consequence of the statutory 
requirement. It is designed to provide protection for federal financial 
and public policy interests by requiring real estate appraisals used in 
connection with federally related transactions to be performed in 
writing, in accordance with uniform standards, by an appraiser whose 
competency has been demonstrated and whose professional conduct will be 
subject to effective supervision. There is no change in the methodology 
or substance of this information collection. The increase in estimated 
annual burden (from 227 hours in 2021 to 250 hours currently) is due to 
the increase in the estimated number of responses.

Request for Comment

    Comments are invited on: (a) Whether the collections of information 
are necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collections, 
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 collections of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, March 15, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-05900 Filed 3-19-24; 8:45 am]
BILLING CODE 6714-01-P