Federal Deposit Insurance Corporation (FDIC).
Notice and request for comment.
In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on renewal of its information collection entitled Real Estate Lending Standards (OMB No. Start Printed Page 660053064-0112). At the end of the comment period, any comments and recommendations received will be analyzed to determine the extent to which the collections should be modified prior to submission to OMB for review and approval.
Comments must be submitted on or before January 3, 2014.
Interested parties are invited to submit written comments to the FDIC by any of the following methods:
Email: firstname.lastname@example.org. Include the name of the collection in the subject line of the message.
Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room NYA-5050, 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 Building (located on F Street), 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.
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FOR FURTHER INFORMATION CONTACT:
Leneta Gregorie, at the FDIC address above.
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Proposal to renew the following currently approved collections of information:
Title: Real Estate Lending Standards.
OMB Number: 3064-0112.
Frequency of Response: On occasion.
Affected Public: Insured financial institutions supervised by the FDIC.
Estimated Number of Respondents: 4,375.
Estimated Time per Response: 20 hours.
Total Annual Burden: 87,500 hours.
General Description of Collection: Institutions use real estate lending policies to guide their lending operations in a manner that is consistent with safe and sound banking practices and appropriate to their size, nature and scope of operations. These policies should address certain lending considerations, including loan-to-value limits, loan administration policies, portfolio diversification standards, and documentation, approval and reporting requirements.
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. All comments will become a matter of public record.
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Dated at Washington, DC, this 29th day of October, 2013.
Valerie J. Best,
Assistant Executive Secretary, Federal Deposit Insurance Corporation.
[FR Doc. 2013-26287 Filed 11-1-13; 8:45 am]
BILLING CODE 6714-01-P