View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
7100-0336
ICR Reference No:
201905-7100-007
Status:
Historical Active
Previous ICR Reference No:
201905-7100-005
Agency/Subagency:
FRS
Agency Tracking No:
FR LL-10(e)
Title:
Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
05/29/2019
Retrieve Notice of Action (NOA)
Date Received in OIRA:
05/29/2019
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
05/31/2022
36 Months From Approved
07/31/2019
Responses
15
0
15
Time Burden (Hours)
900
0
7,500
Cost Burden (Dollars)
0
0
0
Abstract:
This collection of information consists of information that must be filed in connection with certain proposals involving the formation, acquisition, or merger of a savings and loan holding company (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 l0(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 Board uses the information submitted by applicants to evaluate these transactions with respect to the financial and managerial resources and future prospects of the company(ies) and savings association(s) involved, the effect of the acquisition on the savings association(s), the insurance risk to the Deposit Insurance Fund, the convenience and needs of communities to be served, and competitive effects.
Authorizing Statute(s):
US Code:
12 USC 1467a(b)
Name of Law: Home Owners’ Loan Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
83 FR 61635
11/30/2018
30-day Notice:
Federal Register Citation:
Citation Date:
84 FR 21780
05/15/2019
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company
Form H-(e)
Savings and Loan Holding Company Application
ICR Summary of Burden
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
15
15
0
0
0
0
Annual Time Burden (Hours)
900
7,500
0
-6,600
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
The current estimated total annual burden for the FR LL-10(e) is 7,500 hours but would decrease to 900 hours. The average estimated hours per response would decrease from 500 hours to 60 hours. The decrease in the estimated time burden per response is partially attributable to a significant reduction in the information collected due to the proposed revisions to the FR LL-10(e). However, the majority of this decrease is due to the Board’s use for the first time of its own methodology for calculating the burden associated with the FR LL-10(e). The previous burden estimate was based on the calculation methodology used by the OTS to estimate the time burden associated with filing the Form H-(e). When the Board inherited the form from the OTS, the Board adopted the OTS’s estimates for time burden per response, and has continued to use that estimate until now. In connection with this proposal, the Board has estimated the time burden per response using the same methodology that it uses for other applications that have similar requirements. The Board does not have access to the methodology that the OTS used to calculate the estimated burden associated with filing Form H-(e), so it is not possible to state how the methodologies differ, or the reasons that the estimate using the Board’s methodology differs significantly from that of the OTS. The revised burden estimates are based on the number of applications and notifications, including post-consummation notices, received in 2016 and 2017.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
Yes
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Scott Farmer 202-452-2253 Scott.W.Farmer@frb.gov
Common Form ICR:
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:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(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;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
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.
Certification Date:
05/29/2019
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