The Federal Reserve analyzes each
holding company application to determine whether the applicant
meets the statutory criteria set forth in section 10(e) of the Home
Owners’ Loan Act (Act), as amended, to become a savings and loan
holding company. The applications are reviewed for adequacy of
answers to items and completeness in all material respects. The
applications are event-generated and provide the Federal Reserve
with information necessary to evaluate the proposed
transaction.
The decrease in total burden
hours is due to an update in the number of respondents.
$0
No
No
No
No
No
Uncollected
Scott Farmer 202-452-2253
Scott.W.Farmer@frb.gov
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.