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View ICR - OIRA Conclusion

OMB Control No: 3064-0103	ICR Reference No: 201307-3064-005
Status: Historical Active	Previous ICR Reference No: 201003-3064-002
Agency/Subagency: FDIC	Agency Tracking No: 3064-0103
Title: Appraisal Standards
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/14/2013
	Date Received in OIRA: 07/15/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2016	36 Months From Approved	08/31/2013
Responses	263,000	0	277,600
Time Burden (Hours)	197,250	0	208,200
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	263,000	277,600	-14,600
Annual Time Burden (Hours)	197,250	208,200	-10,950
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There is a minimal adjustment in the burden estimate from 208,200 hours to 197,250 hours, a decrease of 10,950 hours, primarily due to FDIC-supervised institutions engaging in more residential real estate lending activities, the appraisals for which require less time to review, and less construction and development real estate lending activities, the appraisals for which require more time to review. In addition, the burden reduction reflects a decline in the number of FDIC-supervised institutions of nearly 10 percent over the last 3 years.

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