+--------+---+----------------------------+-------+-------------------+---+
| # O    | # |                            |       |                   | # |
|        | # |                            |       |                   |   |
| ##     | # |                            |       |                   |   |
|        | # |                            |       |                   | # |
|        |   |                            |       |                   |   |
|        | O |                            |       |                   |   |
|        | C |                            |       |                   | # |
|        | C |                            |       |                   | # |
|        |   |                            |       |                   |   |
|        | 2 |                            |       |                   |   |
|        | 0 |                            |       |                   |   |
|        | 0 |                            |       |                   |   |
|        | 6 |                            |       |                   |   |
|        | - |                            |       |                   |   |
|        | 2 |                            |       |                   |   |
|        | 7 |                            |       |                   |   |
+--------+---+----------------------------+-------+-------------------+---+
|        | * |                            |       |                   |   |
|        | * |                            |       |                   |   |
|        | O |                            |       |                   |   |
|        | C |                            |       |                   |   |
|        | C |                            |       |                   |   |
|        | B |                            |       |                   |   |
|        | U |                            |       |                   |   |
|        | L |                            |       |                   |   |
|        | L |                            |       |                   |   |
|        | E |                            |       |                   |   |
|        | T |                            |       |                   |   |
|        | I |                            |       |                   |   |
|        | N |                            |       |                   |   |
|        | * |                            |       |                   |   |
|        | * |                            |       |                   |   |
+--------+---+----------------------------+-------+-------------------+---+
| ## Com |   |                            |       |                   |   |
| ptroll |   |                            |       |                   |   |
| er of  |   |                            |       |                   |   |
| the Cu |   |                            |       |                   |   |
| rrency |   |                            |       |                   |   |
|        |   |                            |       |                   |   |
| > A    |   |                            |       |                   |   |
| dminis |   |                            |       |                   |   |
| trator |   |                            |       |                   |   |
| > of   |   |                            |       |                   |   |
| > Na   |   |                            |       |                   |   |
| tional |   |                            |       |                   |   |
| >      |   |                            |       |                   |   |
|  Banks |   |                            |       |                   |   |
+--------+---+----------------------------+-------+-------------------+---+
| ## Su  |   | ## 2006 Revisions to U     | ## D  | ## Jo             |   |
| bject: |   | niform Standards of Profes | escri | int Interagency S |   |
|        |   | sional Appraisal Practice  | ption | tatement and FAQs |   |
+--------+---+----------------------------+-------+-------------------+---+

**TO:** Chief Executive Officers of All National Banks and National Bank
Operating

Subsidiaries, Department and Division Heads, and All Examining Personnel

The Office of the Comptroller of the Currency, the Board of Governors of
the Federal Reserve System, the Federal Deposit Insurance Corporation,
the Office of Thrift Supervision, the National Credit Union
Administration are jointly issuing the attached document to alert
regulated institutions to revisions in Uniform Standards of Professional
Appraisal Practice effective July 1, 2006.

This statement highlights the revisions and reminds banks to consider
the ramifications of the revisions to their appraisal practices. To
promote a better understanding of the revisions, the Appraisal Standards
Board has issued a frequently asked question (FAQ) document. The FAQ is
provided as an attachment.

For further information concerning the matters discussed in this
bulletin or the attachment, please contact the Credit and Market Risk
Department at (202) 874-5170 or your supervisory office.

Kathryn E. Dick

Deputy Comptroller for Credit and Market Risk

Attachments:

-   [Statement](http://www.occ.treas.gov/ftp/bulletin/2006-27a.pdf)

> \[http://www.occ.treas.gov/ftp/bulletin/2006-27a.pdf\]

-   [FAQs](http://www.occ.treas.gov/ftp/bulletin/2006-27b.pdf)

> \[http://www.occ.treas.gov/ftp/bulletin/2006-27b.pdf\]