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Federal R eserve Bank OF DALLAS ROBERT D. M c T E E R , J R . D A L LA S , T E X A S 7 5 2 6 5 -5 9 0 6 P R E S ID E N T AND C H IE F E X E C U T IV E O F F IC E R November 18, 1993 Notice 93-120 TO: The Chief Executive Officer of each member bank and others concerned in the Eleventh Federal Reserve District SUBJECT Request for Public Comment on a Proposed Interagency Rule to Amend the Real Estate Appraisal Standards; Availability of Supplemental Information DETAILS On June 4, 1993, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision (collectively the agencies) published a proposed rule that would amend the agencies’ regulations regarding appraisals of real estate pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. One of the proposed amendments was to increase from $100,000 to $250,000 the threshold level at or below which an appraisal is not required pursuant to Title XI. The agencies are placing supplemental information into the rulemak ing record primarily relating to the proposed increase in the threshold level and are requesting written comment on those materials as well as on public comments previously received. The Board must receive comments by December 10, 1993. Comments should be addressed to William W. Wiles, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N.W., Washington, D.C. 20551. All comments should refer to Docket No. R-0803. ENCLOSURE A copy of the a g e ncies’ notice as it appears on pages 59688-89, Vol. 58, No. 216, of the Federal Register dated November 10, 1993, is enclosed. MORE INFORMATION For more information, please contact Daniel Kirkland at (214) 922-6256. For additional copies of this B a n k ’s notice, please contact the Public Affairs Department at (214) 922-5254. Sincerely yours, JQ. . For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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