Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company

ICR 202205-7100-002

OMB: 7100-0336

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-05-25
IC Document Collections
IC ID
Document
Title
Status
253877 New
19820 Modified
ICR Details
7100-0336 202205-7100-002
Active 201905-7100-007
FRS FR LL-10(e)
Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company
Revision of a currently approved collection   No
Delegated
Approved without change 05/25/2022
Retrieve Notice of Action (NOA) 05/25/2022
  Inventory as of this Action Requested Previously Approved
05/31/2025 36 Months From Approved 05/31/2022
30 0 15
915 0 900
0 0 0

This information collection must be filed in connection with certain proposals involving the formation, acquisition, or merger of a savings and loan holding company (SLHC); the acquisition by an SLHC of a savings association or its assets; and the acquisition of control of a savings association by certain individuals associated with a SLHC. The Board requires the submission of this filing from an applicant for regulatory and supervisory purposes and to allow the Board to fulfill its statutory obligations to review these transactions under section 10(e) of the Home Owners’ Loan Act (HOLA) (12 U.S.C. 1461 et seq.) and the Board’s Regulation LL - Savings and Loan Holding Companies (12 CFR 238.11).

US Code: 12 USC 1467a(b) Name of Law: Home Owners’ Loan Act
  
None

Not associated with rulemaking

  87 FR 4593 01/28/2022
87 FR 31235 05/23/2022
No

2
IC Title Form No. Form Name
Disclosure
Reporting

  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 30 15 0 15 0 0
Annual Time Burden (Hours) 915 900 0 15 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The estimated total annual burden for the FR LL-10(e) is 900 hours, and would increase to 915 hours with the revisions reflecting a 15 hour increase. This increase is due to the addition of the estimated burden associated with the requirement for applicants to publish a notice in a newspaper that is currently approved by the Board but was not included in prior burden estimates. The Board does not expect that the addition of the standardized application and certification form will impact the burden of this collection.

$0
No
    Yes
    No
No
No
No
No
James Crowe 202 236-2435 james.crowe@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.
05/25/2022


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