83 FR 61635 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 231 (November 30, 2018)

Page Range61635-61636
FR Document2018-26089

The Board of Governors of the Federal Reserve System (Board) invites comment on 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).

Federal Register, Volume 83 Issue 231 (Friday, November 30, 2018)
[Federal Register Volume 83, Number 231 (Friday, November 30, 2018)]
[Notices]
[Pages 61635-61636]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-26089]



[[Page 61635]]

=======================================================================
-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

-----------------------------------------------------------------------

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on 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: Comments must be submitted on or before January 29, 2019.

ADDRESSES: You may submit comments, identified by FR LL-10(e), by any 
of the following methods:
     Agency website: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Email: [email protected]. Include OMB 
number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551.
    All public comments are available from the Board's website at 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper form in Room 
3515, 1801 K Street NW (between 18th and 19th Streets NW), Washington, 
DC 20006 between 9 a.m. and 5 p.m. on weekdays. For security reasons, 
the Board requires that visitors make an appointment to inspect 
comments. You may do so by calling (202) 452-3684. Upon arrival, 
visitors will be required to present valid government-issued photo 
identification and to submit to security screening in order to inspect 
and photocopy comments.
    Additionally, commenters may send a copy of their comments to the 
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.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, if approved. These documents will also be made available 
on the Board's public website at http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance 
officer, whose name appears below.
    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.

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. In exercising this delegated authority, the 
Board is directed to take every reasonable step to solicit comment. In 
determining whether to approve a collection of information, the Board 
will consider all comments received from the public and other agencies.

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Board's functions, including whether the 
information has practical utility;
    b. The accuracy of the Board's estimate of the burden of the 
proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Board 
should modify the proposal.

Proposal Under OMB Delegated Authority To Extend for Three Years, With 
Revision, 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.
    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 
10(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\
---------------------------------------------------------------------------

    \1\ See 12 U.S.C. 1467a(e)(2).
---------------------------------------------------------------------------

    Proposed revisions: The Board proposes to change the name and title 
of its current Form H-(e), which the Board inherited from the Office of 
Thrift Supervision (OTS) when the OTS's supervisory authority over 
SLHCs was transferred to the Board, to 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)), and to make numerous other 
revisions to this collection of information. These changes would make 
the form consistent with

[[Page 61636]]

the format of other Board forms; incorporate information on the Board's 
policies and procedures for processing applications; improve the 
clarity of the information requests; reflect the impact of new laws, 
regulations, capital requirements, and accounting rules; and delete 
information requests that are not typically useful for the analysis of 
a proposed transaction. The revisions also are intended to increase 
transparency by ensuring that initial filings include the information 
that the Federal Reserve System requires to evaluate a transaction and 
thereby reducing the need for subsequent information requests, which 
may delay the Board's consideration of a filing and create additional 
burden for filers.
    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.

    Board of Governors of the Federal Reserve System, November 27, 
2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-26089 Filed 11-29-18; 8:45 am]
BILLING CODE 6210-01-P


Current View
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice, request for comment.
DatesComments must be submitted on or before January 29, 2019.
ContactA copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB's public docket files, if approved. These documents will also be made available on the Board's public website at http://www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below.
FR Citation83 FR 61635 

2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR