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).
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.