Federal Register / Vol. 62, No. 186 / Thursday, September 25, 1997 / Notices 50371

ADDRESSES: Comments, which should

refer to the OMB control number or

agency form number, should be

addressed to William W. Wiles,

Secretary, Board of Governors of the

Federal Reserve System, 20th and C

Streets, N.W., Washington, DC 20551, or

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, N.W. 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 261.8 of the Board’s

Rules Regarding Availability of

Information, 12 CFR 261.8(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 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.

McLaughlin, Chief, Financial Reports

Section (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 report:

1. Report title: Recordkeeping

Requirements Associated with Real

Estate Appraisal Standards for Federally

Related Transactions Pursuant to

Regulations H and Y

Agency form number: none

OMB control number: 7100-0250

Frequency: on occasion

Reporters: state member banks and bank

holding company (BHC) subsidiaries

Annual reporting hours: 61,220 (27,940

for state member banks and 33,280 for

BHC subsidiaries

Estimated average hours per response:

.25

Number of respondents: 2,040 (1,016

state member banks and 1,024 BHC

subsidiaries)

Small businesses are affected.

General description of report: This

recordkeeping is mandatory (U.S.C.

Sections 3310, 3331-3351). Since the

Federal Reserve does not collect this

information, confidentiality under the

Freedom of Information Act (FOIA) is

generally not at issue. The issue of the

confidentiality of the information,

however, might arise if the Federal

Reserve were to obtain a copy of the

appraisal during an examination or

inspection. In such a case, the

documents would be exempt (5 U.S.C.

552(b)(8)). The information also would

be exempt if disclosure would likely

cause substantial harm to the institution

from which it was obtained (5 U.S.C.

552(b)(4)).

Abstract: This information collection

is a recordkeeping requirement

contained in the Board’s Regulation H

(12 C.F.R. 208.18) and Regulation Y (12

C.F.R. 225.61) that implements Title XI

of the Financial Institutions Reform,

Recovery, and Enforcement Act of 1989.

The purpose of the statute is to provide

that federal financial and public policy

interests in real estate related

transactions will be protected by

requiring that real estate appraisals used

in connection with federally related

transactions are performed in writing, in

accordance with uniform standards, by

individuals whose competency has been

demonstrated and whose professional

conduct will be subject to effective

supervision.

The Federal Deposit Insurance

Corporation, the Office of the Controller

of the Currency, and the Office of Thrift

Supervision have parallel requirements

for the institutions they supervise.

Board of Governors of the Federal Reserve

System, September 19, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–25494 Filed 9–24–97; 8:45 am]

Billing Code 6210–01–F

FEDERAL RESERVE SYSTEM

Sunshine Act Meeting

AGENCY HOLDING THE MEETING:

Committee on Employee Benefits of the

Federal Reserve System.

TIME AND DATE: 2:30 p.m., Tuesday,

September 30, 1997.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, C Street

entrance between 20th and 2lst Streets,

N.W., Washington, D.C. 20551.

STATUS: Open.

MATTERS TO BE CONSIDERED:

1. Review of the 1998 budget for the

Office of Employee Benefits.

2. Any items carried forward from a

previously announced meeting.

• The Committee on Employee

Benefits considers matters relating to

the Retirement, Thrift, Long-Term

Disability Income, and Insurance Plans

for Employees of the Federal Reserve

System.

Note: This meeting will be recorded for the

benefit of those unable to attend. Cassettes

will be available for listening in the Board’s

Freedom of Information Office, and copies

may be ordered for $5 per cassette by calling

(202) 452–3684 or by writing to: Freedom of

Information Office, Board of Governors of the

Federal Reserve System, Washington, D.C.

20551.

CONTACT PERSON FOR MORE INFORMATION:

Mr. Joseph R. Coyne, Assistant to the

Board; (202) 452–3204.

Dated: September 23, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–25685 Filed 9–23–97; 3:55 pm]

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

Sunshine Act Meeting

AGENCY HOLDING THE MEETING:

Committee on Employee Benefits of the

Federal Reserve System*.

TIME AND DATE: 3:00 p.m., Tuesday,

September 30, 1997.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, C Street

entrance between 20th and 21st Streets,

N.W., Washington, D.C. 20551.

STATUS: Closed.

MATTERS TO BE CONSIDERED:

1. Proposals relating to Federal

Reserve System benefits.

2. Any items carried forward from a

previously announced meeting.

• The Committee on Employee

Benefits considers matters relating to

the Retirement, Thrift, Long-Term

Disability Income, and Insurance Plans

for Employees of the Federal Reserve

System.

CONTACT PERSON FOR MORE INFORMATION:

Mr. Joseph R. Coyne, Assistant to the

Board; (202) 452–3204.

Dated: September 23, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–25686 Filed 9–23–97; 3:55 pm]

BILLING CODE 6210–01–P