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.
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.