Appraisal Subcommittee; Notice of Meeting, 1125 [2019-00668]

Download as PDF Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices General Description of Collection: The regulation containing this information collection requirement is 12 CFR part 334, which implements sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), Public Law 108–159 (2003). FACT Act Section 114: Section 114 requires the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the FDIC (the Agencies) to jointly propose guidelines for financial institutions and creditors identifying patterns, practices, and specific forms of activity that indicate the possible existence of identity theft. In addition, each financial institution and creditor is required to establish reasonable policies and procedures to address the risk of identity theft that incorporate the guidelines. Credit card and debit card issuers must develop policies and procedures to assess the validity of a request for a change of address under certain circumstances. The information collections pursuant to section 114 require each financial institution and creditor to create an Identity Theft Prevention Program and report to the board of directors, a committee thereof, or senior management at least annually on compliance with the proposed regulations. In addition, staff must be trained to carry out the program. Each credit and debit card issuer is required to establish policies and procedures to assess the validity of a change of address request. The card issuer must notify the cardholder or use another means to assess the validity of the change of address. FACT Act Section 315: Section 315 requires the Agencies to issue regulations providing guidance regarding reasonable policies and procedures that a user of consumer reports must employ when such a user receives a notice of address discrepancy from a consumer reporting agencies. Part 334 provides such guidance. Each user of consumer reports must develop reasonable policies and procedures that it will follow when it receives a notice of address discrepancy from a consumer reporting agency. A user of consumer reports must furnish an address that the user has reasonably confirmed to be accurate to the consumer reporting agency from which it receives a notice of address discrepancy. There is no change in the method or substance of the information collection. The total estimated annual burden hours have increased because of the inclusion of the agency’s estimate of third-party disclosure burden associated with the notices required by Section 315 VerDate Sep<11>2014 21:23 Jan 31, 2019 Jkt 247001 1125 of the FACT Act which were previously not included because the agencies had taken the position that the entities covered by the regulation were already furnishing addresses that they had reasonably confirmed to be accurate to consumer reporting agencies from which they receive a notice of address discrepancy as a usual and customary business practice. The above burden estimate now includes burden for the third-party disclosure requirements associated with Section 315 which resulted in an increase in estimated annual burden of 14,300 hours. This increase was offset, in part, by a reduction in the estimated number of respondents from 4,017 to 3,575 which resulted in a decrease in the estimated annual burden for the recordkeeping requirement associated with Sections 114 and 315 from 64,272 hour to 57,200 hours. The net effect of the revision is an increase in estimated annual burden from 64,272 hours to 71,500 hours. Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended, notice is hereby given that the Appraisal Subcommittee (ASC) will meet in open session for its regular meeting: Location: Federal Reserve Board— International Square Location, 1850 K Street NW, Washington, DC 20006. Date: February 13, 2019. Time: 10:00 a.m. Status: Open. 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 collection of information 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. How To Attend and Observe an ASC Meeting Dated at Washington, DC, on January 28, 2019. Federal Deposit Insurance Corporation. Valerie Best, Assistant Executive Secretary. Reports Chairman Executive Director Delegated State Compliance Reviews Financial Report Action and Discussion Items Open Session Minutes • August 29, 2018 Reprogramming Request for FY18 Appraisal Foundation Grant ASC Roundtable Summary If you plan to attend the ASC Meeting in person, we ask that you send an email to meetings@asc.gov. You may register until close of business four business days before the meeting date. You will be contacted by the Federal Reserve Law Enforcement Unit on security requirements. You will also be asked to provide a valid governmentissued ID before being admitted to the Meeting. The meeting space is intended to accommodate public attendees. However, if the space will not accommodate all requests, the ASC may refuse attendance on that reasonable basis. The use of any video or audio tape recording device, photographing device, or any other electronic or mechanical device designed for similar purposes is prohibited at ASC Meetings. [FR Doc. 2019–00560 Filed 1–31–19; 8:45 am] Dated: January 29, 2019. James R. Park, Executive Director. BILLING CODE 6714–01–P [FR Doc. 2019–00668 Filed 1–31–19; 8:45 am] BILLING CODE 6700–01–P FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL [Docket No. AS19–01] Appraisal Subcommittee; Notice of Meeting Appraisal Subcommittee of the Federal Financial Institutions Examination Council. ACTION: Notice of meeting. AGENCY: Description: In accordance with Section 1104(b) of Title XI of the PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (‘‘Act’’) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on E:\FR\FM\01FEN1.SGM 01FEN1

Agencies

[Federal Register Volume 84, Number 22 (Friday, February 1, 2019)]
[Notices]
[Page 1125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00668]


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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

[Docket No. AS19-01]


Appraisal Subcommittee; Notice of Meeting

AGENCY: Appraisal Subcommittee of the Federal Financial Institutions 
Examination Council.

ACTION: Notice of meeting.

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    Description: In accordance with Section 1104(b) of Title XI of the 
Financial Institutions Reform, Recovery, and Enforcement Act of 1989, 
as amended, notice is hereby given that the Appraisal Subcommittee 
(ASC) will meet in open session for its regular meeting:
    Location: Federal Reserve Board--International Square Location, 
1850 K Street NW, Washington, DC 20006.
    Date: February 13, 2019.
    Time: 10:00 a.m.
    Status: Open.

Reports

Chairman
Executive Director
Delegated State Compliance Reviews
Financial Report

Action and Discussion Items

Open Session Minutes
     August 29, 2018
Reprogramming Request for FY18 Appraisal Foundation Grant
ASC Roundtable Summary

How To Attend and Observe an ASC Meeting

    If you plan to attend the ASC Meeting in person, we ask that you 
send an email to meetings@asc.gov. You may register until close of 
business four business days before the meeting date. You will be 
contacted by the Federal Reserve Law Enforcement Unit on security 
requirements. You will also be asked to provide a valid government-
issued ID before being admitted to the Meeting. The meeting space is 
intended to accommodate public attendees. However, if the space will 
not accommodate all requests, the ASC may refuse attendance on that 
reasonable basis. The use of any video or audio tape recording device, 
photographing device, or any other electronic or mechanical device 
designed for similar purposes is prohibited at ASC Meetings.

    Dated: January 29, 2019.
James R. Park,
Executive Director.
[FR Doc. 2019-00668 Filed 1-31-19; 8:45 am]
BILLING CODE 6700-01-P