Notice2024-13250
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 17, 2024
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
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.
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 117 (Monday, June 17, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 117 (Monday, June 17, 2024)]
[Notices]
[Pages 51341-51342]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-13250]
=======================================================================
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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:
<bullet> Agency Website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#bcdfd3d1d1d9d2c8cffcdad8d5df92dbd3ca"><span class="__cf_email__" data-cfemail="1774787a7a727963645771737e7439707861">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
<bullet> 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 <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. 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, <a href="/cdn-cgi/l/email-protection#bcd1dfddded9c6ddfcdad8d5df92dbd3ca"><span class="__cf_email__" data-cfemail="412c222023243b2001272528226f262e37">[email protected]</span></a>, 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]
--------------------------------------------------------------------------------------------------------------------------------------------------------
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)
--------------------------------------------------------------------------------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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]
----------------------------------------------------------------------------------------------------------------
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)
----------------------------------------------------------------------------------------------------------------
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).
----------------------------------------------------------------------------------------------------------------
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
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on June 17, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.