[Federal Register Volume 84, Number 94 (Wednesday, May 15, 2019)]
[Notices]
[Pages 21780-21781]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09951]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is adopting a proposal to extend for three years, with revision, the
Application to Become a Savings and Loan Holding Company or to Acquire
a Savings Association or Savings and Loan Holding Company (FR LL-10(e);
OMB No. 7100-0336).
DATES: The revisions are applicable as of May 1, 2019.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, Washington, DC, 20551 (202)
452-3829. Telecommunications Device for the Deaf (TDD) users may
contact (202) 263-4869, Board of Governors of the Federal Reserve
System, Washington, DC 20551.
OMB Desk Officer--Shagufta Ahmed--Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503
or by fax to (202) 395-6974.
SUPPLEMENTARY INFORMATION: On June 15, 1984, the Office of Management
and Budget (OMB) delegated to the Board authority under the Paperwork
Reduction Act (PRA) to approve and assign OMB control numbers to
collection of information requests and requirements conducted or
sponsored by the Board. Board-approved collections of information are
incorporated into the official OMB inventory of currently approved
collections of information. Copies of the Paperwork Reduction Act
Submission, supporting statements and approved collection of
information instrument(s) are placed into OMB's public docket files.
The Board may not conduct or sponsor, and the respondent is not
required to respond to, an information collection that has been
extended, revised, or implemented on or after
[[Page 21781]]
October 1, 1995, unless it displays a currently valid OMB control
number.
Final approval under OMB delegated authority of the extension for
three years, with revision, of the following information collection:
Report title: Application to Become a Savings and Loan Holding
Company or to Acquire a Savings Association or Savings and Loan Holding
Company.
Agency form number: FR LL-10(e).
OMB control number: 7100-0336.
Effective Date: May 1, 2019
Frequency: Event generated.
Respondents: Entities seeking prior approval to become or acquire a
savings and loan holding company (SLHC).
Estimated number of respondents: 15.
Estimated average hours per response: 60.
Estimated annual burden hours: 900.
General description of report: This collection of information
consists of information that must be filed in connection with certain
proposals involving the formation, acquisition, or merger of an 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) and the Board's Regulation
LL--Savings and Loan Holding Companies. 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.\1\
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\1\ See 12 U.S.C. 1467a(e)(2).
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Legal authorization and confidentiality: The FR LL-10(e) is
authorized pursuant to Section 10(b)(2) of the Home Owners' Loan Act
(12 U.S.C. 1467a(b)) and is mandatory. The information on the FR LL-
10(e) is not considered confidential unless the applicant requests
confidential treatment pursuant to exemption 4 (confidential business
information) or 6 (confidential personal information) of the Freedom of
Information Act, 5 U.S.C. 552(b)(4) and (b)(6). All such requests for
confidential treatment would be reviewed on a case-by-case basis.
Current actions: On November 30, 2018, the Board published a notice
in the Federal Register (83 FR 61635) requesting public comment for 60
days on the extension, with revision, of the FR LL-10(e). The comment
period for this notice expired on January 29, 2019. The Board did not
receive any comments. On March 8, 2019, the Board published an
additional notice in the Federal Register (84 FR 8527) requesting
public comment on the proposed certification page that was mistakenly
omitted from the original notice. The comment period for this notice
expired on April 8, 2019. The Board did not receive any comments. The
revisions will be implemented as proposed.
Board of Governors of the Federal Reserve System, May 9, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-09951 Filed 5-14-19; 8:45 am]
BILLING CODE 6210-01-P