28 Apr 2025
🏦Federal Reserve's Notice on Savings and Loan Holding Company Application
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Summary
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without 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).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The text outlines a regulatory framework for entities seeking to become or acquire savings and loan holding companies, impacting compliance and operational requirements for financial institutions. Business owners must understand the application process and associated burdens, underscoring the importance of adhering to regulatory agencies.