[Federal Register Volume 65, Number 112 (Friday, June 9, 2000)]
[Notices]
[Pages 36696-36697]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-14577]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: Board of Governors of the Federal Reserve System.
Background
On June 15, 1984, the Office of Management and Budget (OMB)
delegated to the Board of Governors of the Federal Reserve System
(Board) its approval authority under the Paperwork Reduction Act, as
per 5 CFR 1320.16, to approve of and assign OMB control numbers to
collection of information requests and requirements conducted or
sponsored by the Board under conditions set forth in 5 CFR 1320
Appendix A.1. Board-approved collections of information are
incorporated into the official OMB inventory of currently approved
collections of information. Copies of the OMB 83-Is and supporting
statements and approved collection of information instruments are
placed into OMB's public docket files. The Federal Reserve may not
conduct or sponsor, and the respondent is not required to respond to,
an information collection that has been extended, revised, or
implemented on or after October 1, 1995, unless it displays a currently
valid OMB control number.
Request for Comment on Information Collection Proposals
The following information collections, which are being handled
under this delegated authority, have received initial Board approval
and are hereby published for comment. At the end of the comment period,
the proposed information collections, along with an analysis of
comments and recommendations received, will be submitted to the Board
for final approval under OMB delegated authority. Comments are invited
on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Federal Reserve's functions; including
whether the information has practical utility;
b. The accuracy of the Federal Reserve's estimate of the burden of
the proposed 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 information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology.
DATES: Comments must be submitted on or before August 8, 2000.
ADDRESSES: Comments, which should refer to the OMB control number or
agency form number, should be addressed to Jennifer J. Johnson,
Secretary, Board of Governors of the Federal Reserve System, 20th and C
Streets, NW, Washington, DC 20551, or mailed electronically to
[email protected]. Comments addressed to Ms. Johnson
also may be delivered to the Board's mail room between 8:45 a.m. and
5:15 p.m., and to the security control room outside of those hours.
Both the mail room and the security control room are accessible from
the courtyard entrance on 20th Street between Constitution Avenue and C
Street, NW. Comments received may be inspected in room M-P-500 between
9:00 a.m. and 5:00 p.m., except as provided in section 261.14 of the
Board's Rules Regarding Availability of Information, 12 CFR 261.14(a).
A copy of the comments may also be submitted to the OMB desk
officer for the Board: Alexander T. 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: A copy of the proposed form and
instructions, the Paperwork Reduction Act Submission (OMB 83-I),
supporting statement, and other documents that will be placed into
OMB's public docket files once approved may be requested from the
agency clearance officer, whose name appears below. Mary M. West,
Federal Reserve Board Clearance Officer (202-452-3829), Division of
Research and Statistics, Board of Governors of the Federal Reserve
System, Washington, DC 20551. Telecommunications Device for the Deaf
(TDD) users may contact Diane Jenkins, (202-452-3544), Board of
Governors of the Federal Reserve System, Washington, DC 20551.
Proposal To Approve Under OMB Delegated Authority the Extension for
Three Years, Without Revision, of the Following Reports
1. Report title: Request for Proposal (RFP); Request for Price
Quotations (RFPQ).
Agency form number: RFP; RFPQ.
OMB control number: 7100-0180.
Frequency: On occasion.
Reporters: Vendors and suppliers.
Annual reporting hours: 15,000 hours.
Estimated average hours per response: 56 hours, RFP; 2 hours, RFPQ.
Number of respondents: 75, RFP; 5,400, RFPQ.
Small businesses are affected.
General description of report: This information collection is
required to obtain or retain a benefit (12 U.S.C. sections 243, 244,
and 248) and is not given confidential treatment unless a respondent
requests that portions of the information be kept confidential and the
Board grants the request pursuant to the applicable exemptions provided
by the Freedom of Information Act (5 U.S.C. section 552).
Abstract: The Federal Reserve Board uses the RFP and the RFPQ as
needed to obtain competitive proposals and contracts from approved
vendors of goods and services. Depending upon the goods and services
for which the Federal Reserve Board is seeking competitive bids, the
respondent is requested to provide either prices for providing the
goods or services (RFPQ) or a document covering not only prices, but
also the means of performing a particular service and a description of
the qualification of the staff who will perform the service (RFP). The
Board staff uses this information to analyze the proposals and select
the offer providing the best value.
2. Report title: Recordkeeping Requirements Associated with Real
Estate Appraisal Standards for Federally Related Transactions Pursuant
to Regulations H and Y.
Agency form number: FR H-4.
OMB control number: 7100-0250.
Frequency: On occasion.
Reporters: State member banks and bank holding company
subsidiaries.
Annual reporting hours: 67,588 hours.
Estimated average hours per response: 15 minutes.
Number of respondents: 2,235.
Small businesses are not affected.
General description of report: This information collection is
mandatory (12 U.S.C. 3331-3351) and is not given confidential
treatment.
Abstract: For federally related transactions, Title XI of the
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
(FIRREA) requires state member banks and bank holding company
subsidiaries to use appraisals prepared in accordance with the Uniform
Standards of Professional Appraisal Practice promulgated by the
Appraisal Standards Board of the Appraisal Foundation. These standards
[[Page 36697]]
include the methods and techniques used to analyze a property as well
as the requirements for reporting such analysis and a value conclusion
in the appraisal. There is no formal reporting form and the information
is not submitted to the Federal Reserve.
Board of Governors of the Federal Reserve System, June 5, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-14577 Filed 6-8-00; 8:45 am]
BILLING CODE 6210-01-P