FDIC Federal Register Citations

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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
``Appraisal Standards.''

DATES: Comments must be submitted on or before September 18, 2000.

ADDRESSES: Interested parties are invited to submit written comments to
Tamara R. Manly, Management Analyst (Regulatory Analysis), (202) 898-
7453, Office of the Executive Secretary, Room F-4058, Attention:
Comments/OES, Federal Deposit Insurance Corporation, 550 17th Street
NW., Washington, DC 20429. All comments should refer to ``Appraisal
Standards.'' 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: comments@ fdic.gov]. Comments may also be submitted to the OMB
desk officer for the FDIC: Alexander Hunt, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Tamara R. Manly, at the address
identified above.

SUPPLEMENTARY INFORMATION:

Proposal To Renew the Following Currently Approved Collection of
Information

Title: Appraisal Standards.
OMB Number: 3064-0103.
Frequency of Response: On occasion.
Affected Public: All financial institutions.
Estimated Number of Respondents: 5,800.
Estimated Number of Responses: 328,600.
Estimated Time per Response: 15 minutes.
Estimated Total 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 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 at Washington, D.C., this 14th day of July, 2000.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 00-18249 Filed 7-18-00; 8:45 am]
BILLING CODE 6714-01-P