Purchase of Branch Office(s) and/or Transfer of Assets/ Liabilities

ICR 201010-1550-008

OMB: 1550-0025

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2010-10-13
Supporting Statement A
2010-10-13
Supplementary Document
2007-10-10
Supplementary Document
2007-10-10
IC Document Collections
ICR Details
1550-0025 201010-1550-008
Historical Active 200707-1550-002
TREAS/OTS
Purchase of Branch Office(s) and/or Transfer of Assets/ Liabilities
Extension without change of a currently approved collection   No
Regular
Approved without change 01/28/2011
Retrieve Notice of Action (NOA) 12/07/2010
  Inventory as of this Action Requested Previously Approved
01/31/2014 36 Months From Approved 01/31/2011
40 0 41
960 0 984
48,000 0 49,200

Information provided to OTS is evaluated to determine whether the proposed assumption of liabilities and/or transfer of assets transactions complies with applicable laws, regulations, and policy, and will not have an adverse effect on the risk, exposure to the insurance fund.

None
None

Not associated with rulemaking

  75 FR 59799 09/28/2010
75 FR 234 12/07/2010
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 40 41 0 0 -1 0
Annual Time Burden (Hours) 960 984 0 0 -24 0
Annual Cost Burden (Dollars) 48,000 49,200 0 0 -1,200 0
No
No
OTS is citing a reduction in the inventory burden due to a reduction in the number of respondents. The information for a Purchase of Branch Office(s) and/or Transfer of Assets/Liabilities application is to provide the Regional Offices with the information necessary to determine if the request should be approved. It allows for OTS evaluation of supervisory, accounting, and legal issues related to these transaction types. If the information were not collected, OTS would not be able to properly evaluate whether the proposed transaction meets applicable criteria.

$0
No
No
No
No
No
Uncollected
Don Dwyer 202 906-6414

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/07/2010


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