FR 2024-28908

The document in question is a notice from the Federal Register regarding a special meeting held by the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council. This governmental body convened virtually on November 13, 2024, through Teams. The primary focus of this gathering was to discuss and vote on a personnel matter. The notice was officially filed by Loretta Schuster, who holds the position of Management & Program Analyst.

General Summary

The notice serves as an official record of a special meeting conducted by the Appraisal Subcommittee. It is a requirement under section 1104(b) of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. The document confirms the occurrence of the meeting and provides basic details such as its virtual location, date, time, and the agenda item, which was a discussion and vote on a personnel issue.

Significant Issues or Concerns

The document does not detail the specific personnel matter discussed, which can raise questions about transparency. Personnel matters are typically sensitive and involve privacy considerations, which may warrant such nondisclosure. However, stakeholders and the public might be concerned about how these personnel decisions could affect operations or policies within the ASC.

Impact on the Public

For the general public, this notice might not have a direct impact on daily activities. The ASC deals with regulatory oversight that ensures the quality of real estate appraisals, which indirectly affects anyone involved in real estate transactions. While the notice primarily focuses on internal matters, understanding that such meetings occur provides reassurance about the ongoing governance and regulatory review efforts.

Impact on Specific Stakeholders

Specific stakeholders, particularly those within the real estate sector, including appraisers, financial institutions, and regulatory bodies, may find this notice more pertinent. Personnel changes or discussions within a regulatory body like the ASC can lead to shifts in policy, practices, or focus areas that might directly impact their operations or compliance requirements. Stakeholders may be keen to observe any changes resulting from the meeting to adjust their strategies accordingly.

Overall, while the document itself does not provide detailed information on the outcomes or implications of the meeting, it remains an essential part of maintaining a record of governmental proceedings, which is crucial for transparency and accountability.