The Federal Reserve Board is seeking public comments on a proposal to extend an application process for three years. This application is for entities that want to become savings and loan holding companies or acquire savings associations. The public is invited to provide feedback on the necessity and efficiency of the information collection process, ways to improve it, and how to minimize the burden on those who need to fill it out. The deadline for submitting comments is February 4, 2025.
Simple Explanation
The Board of Governors of the Federal Reserve wants people to share their thoughts on making sure the forms used by companies who want to buy or become savings banks are easy and not too tough; they're asking for ideas on how to make filling out these forms better by February 2025.