Applications and Notifications of a Mutual Holding Company

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR MM-OF Order Forms	Form	New	Available
Form FR MM-OC Offering Circulars	Form	New	Available
Form FR MM-PS Proxy Statement	Form	New	Available
Form FR MM-AC Application for Conversion of a Mutual Holding Company to Stock Form	Form	New	Available
Form FR MM-10(o)-2 Application for Approval of a Stock Issuance by a Subsidiary Holding Company of a Mutual Holding Company	Form	Modified	Available
Form FR MM-10(o)-1 Notice of Mutual Holding Company Reorganization	Form	Modified	Available
MHCForms_20200129_omb.pdf	Supporting Statement A	Uploaded 2020-01-29	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
239597	FR MM-OF	Form	New	Order Forms
239597	FR MM-OF	Instruction	New
239596	FR MM-OC	Form	New	Offering Circulars
239596	FR MM-OC	Instruction	New
239595	FR MM-PS	Form	New	Proxy Statement
239595	FR MM-PS	Instruction	New
239594	FR MM-AC	Form	New	Application for Conversion of a Mutual Holding Company to Stock Form
239594	FR MM-AC	Instruction	New
219648	FR MM-10(o)-2	Form	Modified	Application for Approval of a Stock Issuance by a Subsidiary Holding Company of a Mutual Holding Company
219648	FR MM-10(o)-2	Instruction	Modified
19915	FR MM-10(o)-1	Form	Modified	Notice of Mutual Holding Company Reorganization
19915	FR MM-10(o)-1	Instruction	Modified

ICR Details

OMB Control No: 7100-0340	ICR Reference No: 201908-7100-004
Status: Historical Active	Previous ICR Reference No: 201601-7100-019
Agency/Subagency: FRS	Agency Tracking No: MHC Forms
Title: Applications and Notifications of a Mutual 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: 01/29/2020
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/29/2020
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2023	36 Months From Approved	01/31/2020
Responses	10	0	4
Time Burden (Hours)	491	0	1,450
Cost Burden (Dollars)	0	0	0

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Abstract: The MHC Forms consist of information that must be filed in connection with certain proposals involving savings and loan holding companies that are organized in mutual form (MHCs), including the reorganization of a savings association into MHC form, stock issuances of holding company subsidiaries of MHCs, and conversions of MHCs to stock form. The Board requires the submission of these filings to allow the Board to fulfill its obligations to review such transactions under section 10(o) of the Home Owners’ Loan Act (HOLA), as amended (12 U.S.C. § 1467a(o)) and the Board’s Regulation MM –Mutual Holding Companies (12 CFR 239). The Board uses the information submitted by an applicant or notificant to evaluate these transactions with respect to the relevant statutory and regulatory factors.

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Authorizing Statute(s): US Code: 12 USC 1467a(o) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 1467a(b) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 1467a(g) Name of Law: Home Owners’ Loan Act
  

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:
	84 FR 39841	08/12/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 70541	12/23/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 6

table that charts list of burden

IC Title	Form No.	Form Name
FR MM-10(o)-1	FR MM-10(o)-1	Notice of Mutual Holding Company Reorganization
FR MM-10(o)-2	FR MM-10(o)-2	Application for Approval of a Stock Issuance by a Subsidiary Holding Company of a Mutual Holding Company
FR MM-AC	FR MM-AC	Application for Conversion of a Mutual Holding Company to Stock Form
FR MM-OC	FR MM-OC	Offering Circulars
FR MM-OF	FR MM-OF	Order Forms
FR MM-PS	FR MM-PS	Proxy Statement

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ICR Summary of Burden

table that charts list 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	10	4	0	0	6	0
Annual Time Burden (Hours)	491	1,450	0	-2,258	1,299	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for these applications is 2,749 hours, and would decrease to 491 hours with the adopted revisions. The average estimated hours per response for the FR MM-10(o)-1 (formerly the Form 1522) would decrease from 400 hours to 60 hours, the FR MM-10(o)-2 (formerly the Form 1523) would decrease from 350 hours to 30 hours, the FR MM-AC (formerly the Form 1680) would decrease from 299 hours to 60 hours, the FR MM-PS (formerly the Form 1681) would remain unchanged at 50 hours, the FR MM-OC (formerly the Form 1682) would decrease from 150 hours to 50 hours, and the FR MM-OF (formerly the Form 1683) would remain unchanged at 1 hour. The Application for Conversion (Form 1680), Proxy Statement (Form 1681), Offering Circular (Form 1682), and Order Form (Form 1683) currently form a family of information collections under OMB No. 7100-0335. This proposal would add these forms to the family of information collections under OMB No. 7100-0340.

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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

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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: 01/29/2020

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