Reporting and Disclosure Requirements Associated with Regulation MM

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
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)-1 Notice of Mutual Holding Company Reorganization	Form	New	Available
Form FR MM-OF Order Forms	Form	Modified	Available
Form FR MM-OC Offering Circulars	Form	Modified	Available
Form FR MM-PS Proxy Statement	Form	Modified	Available
Form FR MM-AC Application for Conversion of a Mutual Holding Company to Stock Form	Form	Modified	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
FRMM_20230628_omb.pdf	Supporting Statement A	Uploaded 2023-06-28	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
260895	Disclosure Sections 239.3(a)(2) and 239.54(c)(1) Newspaper Publication		New
260894	Disclosure FR MM-PS	Form	New	Proxy Statement
260894	Disclosure FR MM-PS	Instruction	New
260893	Disclosure FR MM-AC	Form	New	Application for Conversion of a Mutual Holding Company to Stock Form
260893	Disclosure FR MM-AC	Instruction	New
260892	Disclosure FR MM-10(o)-1	Form	New	Notice of Mutual Holding Company Reorganization
260892	Disclosure FR MM-10(o)-1	Instruction	New
260891	Reporting Section 239.65(g) Voluntary Supervisory Conversion		Modified
260889	Reporting Section 239.60(b) Offering Period Extension		Modified
260887	Reporting Section 239.4(d)(4) Notice of Reorganization		Modified
239597	Reporting FR MM-OF	Form	Modified	Order Forms
239597	Reporting FR MM-OF	Instruction	Modified
239596	Reporting FR MM-OC	Form	Modified	Offering Circulars
239596	Reporting FR MM-OC	Instruction	Modified
239595	Reporting FR MM-PS	Form	Modified	Proxy Statement
239595	Reporting FR MM-PS	Instruction	Modified
239594	Reporting FR MM-AC	Form	Modified	Application for Conversion of a Mutual Holding Company to Stock Form
239594	Reporting FR MM-AC	Instruction	Modified
219648	Reporting 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	Reporting FR MM-10(o)-2	Instruction	Modified
19915	Reporting FR MM-10(o)-1	Form	Modified	Notice of Mutual Holding Company Reorganization
19915	Reporting FR MM-10(o)-1	Instruction	Modified

ICR Details

OMB Control No: 7100-0340	ICR Reference No: 202306-7100-009
Status: Active	Previous ICR Reference No: 202306-7100-005
Agency/Subagency: FRS	Agency Tracking No: FR MM
Title: Reporting and Disclosure Requirements Associated with Regulation MM
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: 06/28/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/28/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2026	36 Months From Approved	07/31/2023
Responses	33	0	25
Time Burden (Hours)	553	0	692
Cost Burden (Dollars)	0	0	0

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Abstract: The FR MM includes collections of information in Regulation MM - Mutual Holding Companies (12 CFR Part 239) plus six reporting forms: • Notice of Mutual Holding Company Reorganization (FR MM-10(o)-1), • Application for Approval of a Stock Issuance by a Subsidiary Holding Company of a Mutual Holding Company (FR MM-10(o)-2), • Application for Conversion of a Mutual Holding Company to Stock Form (FR MM-AC), • Proxy Statement (FR MM-PS), • Offering Circular (FR MM-OC), and • Order Forms (FR MM-OF). The FR MM consists of information that must be filed in connection with certain proposals involving savings and loan holding companies (SLHCs) that are organized in mutual holding company (MHC) form, 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, as well as certain disclosures related to these filings. 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. 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:
	87 FR 66700	11/04/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 12936	03/01/2023
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 13

table that charts list of burden

IC Title	Form No.	Form Name
Disclosure FR MM-10(o)-1	FR MM-10(o)-1	Notice of Mutual Holding Company Reorganization
Disclosure FR MM-AC	FR MM-AC	Application for Conversion of a Mutual Holding Company to Stock Form
Disclosure FR MM-PS	FR MM-PS	Proxy Statement
Disclosure Sections 239.3(a)(2) and 239.54(c)(1) Newspaper Publication
Reporting FR MM-10(o)-1	FR MM-10(o)-1	Notice of Mutual Holding Company Reorganization
Reporting 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
Reporting FR MM-AC	FR MM-AC	Application for Conversion of a Mutual Holding Company to Stock Form
Reporting FR MM-OC	FR MM-OC	Offering Circulars
Reporting FR MM-OF	FR MM-OF	Order Forms
Reporting FR MM-PS	FR MM-PS	Proxy Statement
Reporting Section 239.4(d)(4) Notice of Reorganization
Reporting Section 239.60(b) Offering Period Extension
Reporting Section 239.65(g) Voluntary Supervisory Conversion

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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	33	25	0	8	0	0
Annual Time Burden (Hours)	553	692	0	-139	0	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 the FR MM is 692 hours, and would decrease to 553 hours with the revisions. The decrease is because the Board would no longer include for the FR MM-OF the burden associated with requirements of state law or the SEC. The Board has also added certain requirements for applicants to publish a notice in a newspaper, offering period extensions, and voluntary supervision conversions.

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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? No

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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: 06/28/2023

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