Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review, 22485-22486 [2018-10327]
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Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices
Judith
Ingram, Press Officer, Telephone: (202)
694–1220.
CONTACT FOR MORE INFORMATION:
Laura E. Sinram,
Deputy Secretary of the Commission.
[FR Doc. 2018–10384 Filed 5–11–18; 11:15 am]
BILLING CODE 6715–01–P
FEDERAL FINANCIAL INSTITUTIONS
EXAMINATION COUNCIL
Agency Information Collection
Activities: Proposed Information
Collection; Submission for OMB
Review
Appraisal Subcommittee of the
Federal Financial Institutions
Examination Council (ASC).
ACTION: Notice and request for comment.
AGENCY:
The ASC, as part of
continuing efforts to reduce paperwork
and respondent burden, invites the
general public, and State and Federal
agencies to take this opportunity to
comment on a new proposed
information collection as required by
the Paperwork Reduction Act of 1995.
An agency may not conduct or
sponsor, and a respondent is not
required to respond to, an information
collection unless it displays a currently
valid OMB control number. The ASC is
soliciting comment concerning its
information collection titled ‘‘Reporting
information for the AMC Registry.’’
DATES: Comments must be received by
June 14, 2018.
ADDRESSES: Commenters are encouraged
to submit comments by the Federal
eRulemaking Portal or email, if possible.
You may submit comments by any of
the following methods:
• Federal eRulemaking Portal:
https://www.Regulations.gov. Follow
the instructions for submitting
comments. Click on the ‘‘Help’’ tab on
the Regulations.gov home page to get
information on using Regulations.gov,
including instructions for submitting
public comments.
• Email: webmaster@asc.gov.
• Fax: (202) 289–4101.
• Mail: Address to Appraisal
Subcommittee, Attn: Lori Schuster,
Management and Program Analyst, 1401
H Street NW, Suite 760, Washington, DC
20005.
• Hand Delivery/Courier: 1401 H
Street NW, Suite 760, Washington, DC
20005.
Additionally, please send a copy of
your comments to the ASC Desk Officer,
3139–NEW, by mail to U.S. Office of
Management and Budget, 725 17th
Street NW, Room 10235, Washington,
daltland on DSKBBV9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
20:27 May 14, 2018
Jkt 244001
DC 20503, or by Email to oira_
submission@omb.eop.gov.
In general, the ASC will enter all
comments received on the Federal
eRulemaking (Regulations.gov) website
without change, including any business
or personal information that you
provide, such as name and address
information, email addresses, or phone
numbers. Comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
enclose any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure. At
the close of the comment period, all
public comments will also be made
available on the ASC’s website at
https://www.asc.gov (follow link in
‘‘What’s New’’) as submitted, unless
modified for technical reasons.
You may review comments by any of
the following methods:
• Viewing Comments Electronically:
Go to https://www.Regulations.gov.
Click on the ‘‘Help’’ tab on the
Regulations.gov home page to get
information on using Regulations.gov,
including instructions for viewing
public comments, viewing other
supporting and related materials, and
viewing the docket after the close of the
comment period.
• Viewing Comments Personally: You
may personally inspect comments at the
ASC office, 1401 H Street NW, Suite
760, Washington, DC 20005. To make an
appointment, please call Lori Schuster
at (202) 595–7578.
FOR FURTHER INFORMATION CONTACT:
James R. Park, Executive Director, at
(202) 595–7575, or Alice M. Ritter,
General Counsel, at (202) 595–7577,
Appraisal Subcommittee, 1401 H Street
NW, Suite 760, Washington, DC 20005.
SUPPLEMENTARY INFORMATION: In
compliance with 44 U.S.C. 3507, the
ASC has submitted the following
proposed collection of information has
been submitted to the Office of
Management and Budget (OMB) for
review and clearance.
Reporting Information for the AMC
Registry—(OMB Control Number To Be
Assigned)
Section 1473 of the Dodd-Frank Wall
Street Reform and Consumer Protection
Act of 2010 (Dodd-Frank Act) 1 included
amendments to Title XI of the Financial
Institutions Reform, Recovery, and
Enforcement Act of 1989 2 (Title XI).
Section 1103 of Title XI,3 Functions of
1 Public
Law 111–203, 124 Stat. 1376.
Law 101–73, 103 Stat. 183.
3 12 U.S.C. 3332.
2 Public
PO 00000
Frm 00045
Fmt 4703
Sfmt 4703
22485
Appraisal Subcommittee, was amended
by the Dodd-Frank Act to require the
ASC to maintain a national registry of
appraisal management companies
(AMCs) of those AMCs that are either:
(1) Registered with and subject to
supervision by a State that has elected
to register and supervise AMCs; or (2)
are operating subsidiaries of a Federally
regulated financial institution (Federally
regulated AMCs). Section 1117 of Title
XI,4 Establishment of State appraiser
certifying and licensing agencies, was
amended by the Dodd-Frank Act to
include additional duties for States, if
they so choose, to: (1) Register and
supervise AMCs; and (2) add
information about AMCs in their State
to the national registry of AMCs (AMC
Registry). Section 1124 of the DoddFrank Act required the federal banking
agencies, the Federal Housing Finance
Agency, and the Consumer Financial
Protection Bureau (collectively, the
Agencies) to jointly promulgate a rule
establishing minimum requirements for
the State supervision and registration of
AMCs, and to promulgate regulations
for the reporting of activities of AMCs
to the ASC.5 The Agencies’
implementing regulations provide that
each State electing to register AMCs
pursuant to Title XI must submit
information to the ASC concerning
AMCs that operate in the State,
including AMCs’ violations of law,
disciplinary and enforcement actions
against AMCs, and other relevant
information about AMCs’ operations.6
The Agencies’ implementing regulations
also provide that a Federally regulated
AMC must report to the State or States
in which it operates the reporting
requirements established by the ASC.7
This notice is being issued pursuant to
these requirements.
Description of Reporting Information
for the AMC Registry
The Dodd-Frank Act requires the ASC
to maintain the AMC Registry of those
AMCs that are either: (1) Registered
with and subject to supervision by a
State that has elected to register and
supervise AMCs; or (2) are Federally
regulated AMCs. In order for a State that
elects to register and supervise AMCs to
enter an AMC on the AMC Registry, the
following items are proposed to be
required entries by the State via extranet
application on the AMC Registry:
4 12
U.S.C. 3346.
12 U.S.C. 3332(a), (e).
6 See 12 CFR 34.216, 34.213(a)(7); 12 CFR
225.196, 225.193(a)(7); 12 CFR 323.14, 323.11(a)(7);
12 CFR 1222.26, 1222.23(a)(7).
7 See 12 CFR 34.215(c); 12 CFR 225.195(c); 12
CFR 323.13(c); 12 CFR 1222.25(c).
5 See
E:\FR\FM\15MYN1.SGM
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22486
Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices
State Abbreviation
State Registration Number for AMC
Employer Identification Number (EIN)
AMC Name
Street Address
City
State
Zip
License or Registration Status
Effective Date
Expiration Date
AMC Type (State or multi-State)
Disciplinary Action
Effective Date
Expiration Date
Number of Appraisers (for invoicing
registry fee)
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
By the Appraisal Subcommittee,
Dated: May 10, 2018.
Arthur Lindo,
Chairman.
States listing AMCs on the AMC
Registry will enter the above
information for each AMC for the initial
entry only. After the initial entry, the
information is retained on the AMC
Registry, and will only need to be
amended if necessary by the State.
Comment Summary
In the Federal Register of January 29,
2018 (83 FR 4046), the ASC published
a 60-day notice requesting public
comment on Reporting information for
the AMC Registry and the collection of
information. The ASC received 4
comment letters that were not
responsive to the request for comments
addressing irrelevant subject matter.
daltland on DSKBBV9HB2PROD with NOTICES
Burden Estimates
The estimate for burden assumes that
50 States will elect to supervise and
register AMCs, and that the average
number of AMCs in a State will be 150.
This estimate is based on information
currently available, and will be high for
some States, and low for other States.
The initial entry by a State on a single
AMC is estimated to take 15 minutes.
Subsequent entries to amend
information on an AMC, annually or
periodically, are estimated to be
negligible.
Type of Review: Regular.
Affected Public: States.
Estimated Number of Respondents: 50
States.
Estimated burden per Response: 15
minutes.
Frequency of Response: Annually and
on occasion.
Estimated total Annual Burden: 1,875
hours.
Comments continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) The accuracy of the agency’s
estimate of the burden of the collection
of information;
VerDate Sep<11>2014
20:27 May 14, 2018
Jkt 244001
[FR Doc. 2018–10327 Filed 5–14–18; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Agency information collection
activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
Board of Governors of the
Federal Reserve System.
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, without revision, the Quarterly
Report of Assets and Liabilities of Large
Foreign Offices of U.S. Banks (FR 2502q;
OMB No. 7100–0079).
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, Washington, DC, 20551 (202)
452–3829. Telecommunications Device
for the Deaf (TDD) users may contact
(202) 263–4869, Board of Governors of
the Federal Reserve System,
Washington, DC 20551.
OMB Desk Officer—Shagufta
Ahmed—Office of Information and
Regulatory Affairs, Office of
Management and Budget, New
Executive Office Building, Room 10235,
725 17th Street NW, Washington, DC
20503 or by fax to (202) 395–6974.
SUPPLEMENTARY INFORMATION: On June
15, 1984, the Office of Management and
Budget (OMB) delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve of and
assign OMB control numbers to
collection of information requests and
requirements conducted or sponsored
by the Board. Board-approved
collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
Paperwork Reduction Act Submission,
AGENCY:
PO 00000
Frm 00046
Fmt 4703
Sfmt 4703
supporting statements and approved
collection of information instrument(s)
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.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Report:
Report title: Quarterly Report of
Assets and Liabilities of Large Foreign
Offices of U.S. Banks.
Agency form number: FR 2502q.
OMB control number: 7100–0079.
Frequency: Quarterly.
Respondents: U.S. commercial banks,
bank holding companies, including
financial holding companies, and
banking Edge and agreement
corporations (U.S. banks) for their large
branches and banking subsidiaries that
are located in the United Kingdom or
the Caribbean.
Estimated number of respondents: 27.
Estimated average hours per response:
1.
Estimated annual burden hours: 108.
General description of report: The FR
2502q collects, for each reporting office,
claims on and liabilities to residents of
the United States and of all countries as
of each quarter-end. Additional details
`
are collected about positions vis-a-vis
`
U.S. residents. Positions vis-a-vis other
non-U.S. offices of the parent bank and
positions arising from derivatives
contracts are also broken out. The data
are used in constructing a piece of the
Financial Accounts of the United States
that are compiled by the Board and in
preparing the U.S. International
Transactions Accounts and the
International Investment Position that
are compiled by the Bureau for
Economic Analysis (BEA), an agency of
the Department of Commerce.
Legal authorization and
confidentiality: The Board is authorized
to collect the information in the 2502q
from (1) bank holding companies
pursuant to section 5 of the Bank
Holding Company Act (12 U.S.C.
1844(c)), which authorizes the Board to
require a bank holding company and
any subsidiary to submit reports, (2)
Edge and agreement corporations
pursuant to section 25A(17) of the
Federal Reserve Act (‘‘FRA’’) (12 U.S.C.
625), which authorizes the Board to
require Edge and agreement
corporations to make reports to the
Board, and (3) depository institutions
pursuant to section 11(a)(2) of the FRA
E:\FR\FM\15MYN1.SGM
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]]>Agencies
[Federal Register Volume 83, Number 94 (Tuesday, May 15, 2018)]
[Notices]
[Pages 22485-22486]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10327]
=======================================================================
-----------------------------------------------------------------------
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
Agency Information Collection Activities: Proposed Information
Collection; Submission for OMB Review
AGENCY: Appraisal Subcommittee of the Federal Financial Institutions
Examination Council (ASC).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The ASC, as part of continuing efforts to reduce paperwork and
respondent burden, invites the general public, and State and Federal
agencies to take this opportunity to comment on a new proposed
information collection as required by the Paperwork Reduction Act of
1995.
An agency may not conduct or sponsor, and a respondent is not
required to respond to, an information collection unless it displays a
currently valid OMB control number. The ASC is soliciting comment
concerning its information collection titled ``Reporting information
for the AMC Registry.''
DATES: Comments must be received by June 14, 2018.
ADDRESSES: Commenters are encouraged to submit comments by the Federal
eRulemaking Portal or email, if possible. You may submit comments by
any of the following methods:
Federal eRulemaking Portal: https://www.Regulations.gov.
Follow the instructions for submitting comments. Click on the ``Help''
tab on the Regulations.gov home page to get information on using
Regulations.gov, including instructions for submitting public comments.
Email: [email protected].
Fax: (202) 289-4101.
Mail: Address to Appraisal Subcommittee, Attn: Lori
Schuster, Management and Program Analyst, 1401 H Street NW, Suite 760,
Washington, DC 20005.
Hand Delivery/Courier: 1401 H Street NW, Suite 760,
Washington, DC 20005.
Additionally, please send a copy of your comments to the ASC Desk
Officer, 3139-NEW, by mail to U.S. Office of Management and Budget, 725
17th Street NW, Room 10235, Washington, DC 20503, or by Email to
[email protected].
In general, the ASC will enter all comments received on the Federal
eRulemaking (Regulations.gov) website without change, including any
business or personal information that you provide, such as name and
address information, email addresses, or phone numbers. Comments
received, including attachments and other supporting materials, are
part of the public record and subject to public disclosure. Do not
enclose any information in your comment or supporting materials that
you consider confidential or inappropriate for public disclosure. At
the close of the comment period, all public comments will also be made
available on the ASC's website at https://www.asc.gov (follow link in
``What's New'') as submitted, unless modified for technical reasons.
You may review comments by any of the following methods:
Viewing Comments Electronically: Go to https://www.Regulations.gov. Click on the ``Help'' tab on the Regulations.gov
home page to get information on using Regulations.gov, including
instructions for viewing public comments, viewing other supporting and
related materials, and viewing the docket after the close of the
comment period.
Viewing Comments Personally: You may personally inspect
comments at the ASC office, 1401 H Street NW, Suite 760, Washington, DC
20005. To make an appointment, please call Lori Schuster at (202) 595-
7578.
FOR FURTHER INFORMATION CONTACT: James R. Park, Executive Director, at
(202) 595-7575, or Alice M. Ritter, General Counsel, at (202) 595-7577,
Appraisal Subcommittee, 1401 H Street NW, Suite 760, Washington, DC
20005.
SUPPLEMENTARY INFORMATION: In compliance with 44 U.S.C. 3507, the ASC
has submitted the following proposed collection of information has been
submitted to the Office of Management and Budget (OMB) for review and
clearance.
Reporting Information for the AMC Registry--(OMB Control Number To Be
Assigned)
Section 1473 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010 (Dodd-Frank Act) \1\ included amendments to
Title XI of the Financial Institutions Reform, Recovery, and
Enforcement Act of 1989 \2\ (Title XI). Section 1103 of Title XI,\3\
Functions of Appraisal Subcommittee, was amended by the Dodd-Frank Act
to require the ASC to maintain a national registry of appraisal
management companies (AMCs) of those AMCs that are either: (1)
Registered with and subject to supervision by a State that has elected
to register and supervise AMCs; or (2) are operating subsidiaries of a
Federally regulated financial institution (Federally regulated AMCs).
Section 1117 of Title XI,\4\ Establishment of State appraiser
certifying and licensing agencies, was amended by the Dodd-Frank Act to
include additional duties for States, if they so choose, to: (1)
Register and supervise AMCs; and (2) add information about AMCs in
their State to the national registry of AMCs (AMC Registry). Section
1124 of the Dodd-Frank Act required the federal banking agencies, the
Federal Housing Finance Agency, and the Consumer Financial Protection
Bureau (collectively, the Agencies) to jointly promulgate a rule
establishing minimum requirements for the State supervision and
registration of AMCs, and to promulgate regulations for the reporting
of activities of AMCs to the ASC.\5\ The Agencies' implementing
regulations provide that each State electing to register AMCs pursuant
to Title XI must submit information to the ASC concerning AMCs that
operate in the State, including AMCs' violations of law, disciplinary
and enforcement actions against AMCs, and other relevant information
about AMCs' operations.\6\ The Agencies' implementing regulations also
provide that a Federally regulated AMC must report to the State or
States in which it operates the reporting requirements established by
the ASC.\7\ This notice is being issued pursuant to these requirements.
---------------------------------------------------------------------------
\1\ Public Law 111-203, 124 Stat. 1376.
\2\ Public Law 101-73, 103 Stat. 183.
\3\ 12 U.S.C. 3332.
\4\ 12 U.S.C. 3346.
\5\ See 12 U.S.C. 3332(a), (e).
\6\ See 12 CFR 34.216, 34.213(a)(7); 12 CFR 225.196,
225.193(a)(7); 12 CFR 323.14, 323.11(a)(7); 12 CFR 1222.26,
1222.23(a)(7).
\7\ See 12 CFR 34.215(c); 12 CFR 225.195(c); 12 CFR 323.13(c);
12 CFR 1222.25(c).
---------------------------------------------------------------------------
Description of Reporting Information for the AMC Registry
The Dodd-Frank Act requires the ASC to maintain the AMC Registry of
those AMCs that are either: (1) Registered with and subject to
supervision by a State that has elected to register and supervise AMCs;
or (2) are Federally regulated AMCs. In order for a State that elects
to register and supervise AMCs to enter an AMC on the AMC Registry, the
following items are proposed to be required entries by the State via
extranet application on the AMC Registry:
[[Page 22486]]
State Abbreviation
State Registration Number for AMC
Employer Identification Number (EIN)
AMC Name
Street Address
City
State
Zip
License or Registration Status
Effective Date
Expiration Date
AMC Type (State or multi-State)
Disciplinary Action
Effective Date
Expiration Date
Number of Appraisers (for invoicing registry fee)
States listing AMCs on the AMC Registry will enter the above
information for each AMC for the initial entry only. After the initial
entry, the information is retained on the AMC Registry, and will only
need to be amended if necessary by the State.
Comment Summary
In the Federal Register of January 29, 2018 (83 FR 4046), the ASC
published a 60-day notice requesting public comment on Reporting
information for the AMC Registry and the collection of information. The
ASC received 4 comment letters that were not responsive to the request
for comments addressing irrelevant subject matter.
Burden Estimates
The estimate for burden assumes that 50 States will elect to
supervise and register AMCs, and that the average number of AMCs in a
State will be 150. This estimate is based on information currently
available, and will be high for some States, and low for other States.
The initial entry by a State on a single AMC is estimated to take 15
minutes. Subsequent entries to amend information on an AMC, annually or
periodically, are estimated to be negligible.
Type of Review: Regular.
Affected Public: States.
Estimated Number of Respondents: 50 States.
Estimated burden per Response: 15 minutes.
Frequency of Response: Annually and on occasion.
Estimated total Annual Burden: 1,875 hours.
Comments continue to be invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility;
(b) The accuracy of the agency's estimate of the burden of the
collection of information;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
By the Appraisal Subcommittee,
Dated: May 10, 2018.
Arthur Lindo,
Chairman.
[FR Doc. 2018-10327 Filed 5-14-18; 8:45 am]
BILLING CODE P
