[Federal Register Volume 89, Number 117 (Monday, June 17, 2024)]
[Notices]
[Pages 51341-51342]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-13250]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0103; -0163]


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, invites the general public and other Federal 
agencies to take this opportunity to comment on the request to renew 
the existing information collections described below (OMB Control No. 
3064-0103, and -0163). The notice of the proposed renewal for these 
information collections were previously published in the Federal 
Register on March 20, 2024 and March 25, 2024, allowing for a 60-day 
comment period.

DATES: Comments must be submitted on or before July 17, 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.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.

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:

[[Page 51342]]



                                                           Summary of Estimated Annual Burdens
                                                                   [OMB No. 3064-0103]
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                                                                                                             Number of       Time per
           IC description                  Type of burden        Frequency of response       Number of     responses per     response      Annual burden
                                      (obligation to respond)                               respondents     respondent        (hours)         (hours)
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Recordkeeping Requirements            Recordkeeping            On occasion..............           3,038             250           0.083          63,039
 Associated with Real Estate           (Mandatory).
 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.
    2. Title: Qualified Financial Contracts Part 371.
    OMB Number: 3064-0163.
    Forms: None.
    Affected Public: State non-member banks and savings associations.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0163]
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                                 Type of burden                      Number of       Time per
  Information collection (IC)     (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
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1. Full Scope Entities,         Recordkeeping                  1               1        6,000:00           6,000
 Implementation (Mandatory).     (Annual).
2. Full Scope Entities,         Recordkeeping                 11               1          250:00           2,750
 Ongoing (Mandatory).            (Annual).
3. Limited Scope Entities,      Recordkeeping                  3               1           23:30              71
 Implementation (Mandatory).     (Annual).
4. Limited Scope Entities,      Recordkeeping                 10               1           11:30             115
 Ongoing (Mandatory).            (Annual).
5. Reporting Requirements for   Reporting                      4               1            6:00              24
 part 371 (Mandatory).           (Annual).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............           8,960
     (Hours).
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Source: FDIC.

    General Description of Collection: This collection consists of 
recordkeeping requirements for qualified financial contracts (QFCs) 
held by insured depository institutions in troubled condition. There is 
no change in the methodology or substance of this information 
collection. The decrease in the estimated annual burden (from 10,250 
hours in 2021 to 8,960 hours currently) is due to the decline in the 
estimated number of limited scope entities covered by Part 371.

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 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 collection 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, on June 12, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-13250 Filed 6-14-24; 8:45 am]
BILLING CODE 6714-01-P