Purchase of Branch Office(s) and/or Transfer of Assets/ Liabilities

Forms and Documents

Document Name	Status
Form OTS-1584 Purchase of Branch Office(s) and/or Transfer of Assets/ Liabilities Form	Modified
Chart.1550-0025.xls Supplementary Document	2010-10-13
1550.0025SupportingStatement9.13.10.docx Supporting Statement A	2010-10-13
12 C.F.R 563.22.htm Supplementary Document	2007-10-10
12 C.F.R. 552.13.htm Supplementary Document	2007-10-10

IC Document Collections

IC ID	Document Title	Status
19851	Purchase of Branch Office(s) and/or Transfer of Assets/ Liabilities Form	Modified

ICR Details

OMB Control No: 1557-0254	ICR Reference No: 201107-1557-006
Status: Historical Active	Previous ICR Reference No: 200707-1550-002
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Purchase of Branch Office(s) and/or Transfer of Assets/ Liabilities
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/21/2011
	Date Received in OIRA: 07/21/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2014	36 Months From Approved
Responses	40	0	41
Time Burden (Hours)	960	0	984
Cost Burden (Dollars)	48,000	0	49,200

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Abstract: Information provided to OTS is evaluated to determine whether the proposed assumption of liabilities and/or transfer of assets transactions complies with applicable laws, regulations, and policy, and will not have an adverse effect on the risk, exposure to the insurance fund.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 59799	09/28/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 234	12/07/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Purchase of Branch Office(s) and/or Transfer of Assets/ Liabilities	OTS-1584, OTS-1585, OTS-1589	Notice of Filing Pursuant to 12 C.F.R. Section 563.22(c) For Intitutions that Qualify for Expedited Treatment ,   Notification of Intention to Convert to or Combine with a Bank ,   Transfer Application

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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	40	41	0	0	-1	0
Annual Time Burden (Hours)	960	984	0	0	-24	0
Annual Cost Burden (Dollars)	48,000	49,200	0	0	-1,200	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: No

Burden Reduction Due to:

Short Statement: OTS is citing a reduction in the inventory burden due to a reduction in the number of respondents. The information for a Purchase of Branch Office(s) and/or Transfer of Assets/Liabilities application is to provide the Regional Offices with the information necessary to determine if the request should be approved. It allows for OTS evaluation of supervisory, accounting, and legal issues related to these transaction types. If the information were not collected, OTS would not be able to properly evaluate whether the proposed transaction meets applicable criteria.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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

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Common Form ICR:  No

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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: 12/07/2010

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