Loans to Executive Officers, Directors and Principal Shareholders of Savings Associations

ICR 200101-1550-001

OMB: 1550-0075

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1550-0075 200101-1550-001
Historical Active 199804-1550-001
TREAS/OTS
Loans to Executive Officers, Directors and Principal Shareholders of Savings Associations
Extension without change of a currently approved collection   No
Regular
Approved without change 03/30/2001
Retrieve Notice of Action (NOA) 01/25/2001
  Inventory as of this Action Requested Previously Approved
03/31/2004 03/31/2004 06/30/2001
4,336 0 4,916
11,924 0 13,519
0 0 0

The regulation requires savings associations to maintain detailed records of their extensions of credit to executive officers, directors, and principal shareholders. The regulation also requires that savings associations report to the OTS all loans to executives and disclose the amount of its extensions of credit following a written request from the public. Indebtedness to correspondent banks must also be disclosed to the board of directors and made available for OTS review during examinations.

None
None


No

1
IC Title Form No. Form Name
Loans to Executive Officers, Directors and Principal Shareholders of Savings Associations

  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 4,336 4,916 0 0 -580 0
Annual Time Burden (Hours) 11,924 13,519 0 0 -1,595 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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.
01/25/2001


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