Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Conversions From Mutual to Stock Form

Issuing agencies

Abstract

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Conversions From Mutual to Stock Form." The OCC also is giving notice that it has sent the collection to OMB for review.

Full Text

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<title>Federal Register, Volume 91 Issue 199 (Friday, October 16, 2026)</title>
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[Federal Register Volume 91, Number 199 (Friday, October 16, 2026)]
[Notices]
[Pages 65845-65850]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-21208]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Conversions From Mutual to Stock 
Form

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY:  The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites comment on a continuing information 
collection, as required by the Paperwork Reduction Act of 1995 (PRA). 
In accordance with the requirements of the PRA, the OCC may not conduct 
or sponsor, and the respondent is not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number. The OCC is soliciting 
comment concerning the renewal of its information collection titled, 
``Conversions From Mutual to Stock Form.'' The OCC also is giving 
notice that it has sent the collection to OMB for review.

[[Page 65846]]


DATES: Comments must be received by November 16, 2026.

ADDRESSES:  Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#6b1b190a02050d042b040808451f190e0a18450c041d"><span class="__cf_email__" data-cfemail="5c2c2e3d35323a331c333f3f72282e393d2f723b332a">[email&#160;protected]</span></a>.
    <bullet> Mail: Chief Counsel's Office, Attention: Comment 
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0347, 400 7th Street SW, Suite 1E-216, Washington, DC 20219.
    <bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 1E-216, 
Washington, DC 20219.
    <bullet> Fax: (571) 293-4835.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0347'' in your comment. In general, the OCC will publish 
comments on <a href="http://www.reginfo.gov">www.reginfo.gov</a> without change, including any business or 
personal information provided, such as name and address information, 
email addresses, or phone numbers. Comments received, including 
attachments and other supporting materials, are part of the public 
record and subject to public disclosure. Do not include any information 
in your comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.
    Written comments and recommendations for the proposed information 
collection should also be sent within 30 days of publication of this 
notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. You can find this 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    You may review comments and other related materials that pertain to 
this information collection following the close of the 30-day comment 
period for this notice by the method set forth in the next bullet.
    <bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>. 
Hover over the ``Information Collection Review'' tab and click on 
``Information Collection Review'' from the drop-down menu. From the 
``Currently under Review'' drop-down menu, select ``Department of the 
Treasury'' and then click ``submit.'' This information collection can 
be located by searching OMB control number ``1557-0347'' or 
``Conversions From Mutual to Stock Form.'' Upon finding the appropriate 
information collection, click on the related ``ICR Reference Number.'' 
On the next screen, select ``View Supporting Statement and Other 
Documents'' and then click on the link to any comment listed at the 
bottom of the screen.
    <bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, please 
contact the Regulatory Information Service Center at (202) 482-7340.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, 
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, 
hard of hearing, or have a speech disability, please dial 7-1-1 to 
access telecommunications relay services.

SUPPLEMENTARY INFORMATION:  Under the PRA (44 U.S.C. 3501 et seq.), 
Federal agencies must obtain approval from the OMB for each collection 
of information that they conduct or sponsor. ``Collection of 
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to 
include agency requests or requirements, imposed on ten or more 
persons, that members of the public submit reports, keep records, or 
provide information to a third party. The OCC asks the OMB to extend 
its approval of the collection in this notice.
    Title: Conversions From Mutual to Stock Form.
    OMB Control No.: 1557-0347.
    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    Description: Under section 5(i)(2)(A) of the Home Owners' Loan Act 
(12 U.S.C. 1464(i)(2)(A)), a savings association may convert from a 
mutual form to a stock form, in accordance with the regulations issued 
by the Office of the Comptroller of the Currency (OCC). The OCC 
regulations governing mutual-to-stock savings association conversions 
are located in 12 CFR 192. These regulations set forth the processes, 
procedures, and required filings in conjunction with both standard 
mutual-to-stock conversions and voluntary supervisory mutual-to-stock 
conversions.
    Twelve CFR 192.5(c) provides that the appropriate Federal banking 
agency may waive any requirement of part 192 or any provision of a 
prescribed form. To obtain such a waiver, a savings association must 
file a written request with the appropriate Federal banking agency 
that: (1) specifies the requirement(s) or provision(s) for which the 
waiver is sought; (2) demonstrates that the waiver is equitable; is not 
detrimental to the savings association, its account holders, or other 
savings associations; and is not contrary to the public interest; and 
(3) includes a legal opinion demonstrating that the waiver sought does 
not conflict with applicable law.
    Twelve CFR 192.105(a) sets forth the minimum requirements for the 
business plan a savings association must adopt prior to filing an 
application for conversion. The plan must include projections and 
activities for three years following the conversion; the plan for 
deploying conversion proceeds to meet credit and lending needs in 
proposed market areas; the risks associated with the plan for 
deployment of conversion proceeds and the effect of the plan on 
management resources, staffing, and facilities; the expertise of the 
savings association's management and board of directors; and plans for 
adequate staffing and controls to prudently manage the growth, 
expansion, new investment, and other operations and activities proposed 
in the business plan.
    Twelve CFR 192.110(b) provides that upon review and approval of the 
savings association's business plan, the chief executive officer and at 
least two-thirds of the board must certify that the plan accurately 
reflects the intended plans for deployment of conversion proceeds and 
that any new initiatives reflected in the business plan are reasonably 
achievable. The savings association must submit these certifications 
with its business plan as part of its application for conversion under 
Sec.  192.150. Twelve CFR 192.115(b) provides that the savings 
association must file the business plan as a separate confidential 
exhibit to Form AC.
    Twelve CFR 192.130 provides that a savings association must include 
information included in Sec. Sec.  192.320 (order of priority to 
purchase conversion shares) through 192.485 (liquidation account 
provision), and Sec.  192.505 (restrictions on trading of shares) in 
its conversion plan.
    Twelve CFR 192.135(a) provides that a savings association must 
notify its members that its board of directors has adopted a plan of 
conversion. This notification may be accomplished by mail or email, the 
posting of notices in local newspapers, or the posting of a notice on 
the savings association's website. Twelve CFR 192.135(b) sets forth the 
minimum requirements for the required notice, including information 
about the rights of account holders in connection with the conversion 
and the processes available to exercise those rights.
    Twelve CFR 192.150 sets forth the information required to be 
included in a savings association's application for conversion. The 
application must include: (1) the plan for conversion; (2) pricing 
materials meeting the requirements of Sec.  192.200(b); (3) proxy 
materials under Sec.  192.270; (4) an offering circular described in 
Sec.  192.300; (5) documents and information required by Form AC; (6) 
any necessary written

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consents; (7) the savings association's business plan, submitted as a 
separately bound, confidential exhibit; and (8) any other information 
requested by the appropriate Federal banking agency.
    Twelve CFR 192.180(a) requires a savings association to publish a 
public notice of its application for conversion by simultaneously 
posting the notice prominently in its home and branch offices. Twelve 
CFR 192.180(b) provides that a savings association must publish and 
post a new notice and allow an additional 30 days for comment if the 
savings association must refile the application.
    Twelve CFR 192.225(a) requires that after the appropriate Federal 
banking agency approves the plan of conversion, the savings association 
must submit the plan to its members for approval and obtain approval at 
a special or annual meeting of its members. Twelve CFR 192.225(d) 
provides that a savings association may notify eligible account holders 
or supplemental eligible account holders who are not voting members of 
its proposed conversion and include only the information in Sec.  
192.135 in its notice.
    Twelve CFR 192.235(a) provides that a savings association must 
notify its members of the meeting to consider its conversion by sending 
the members a proxy statement cleared by the appropriate Federal 
banking agency. Twelve CFR 192.235(c) requires the savings association 
to also notify each beneficial holder of an account held in a fiduciary 
capacity if the savings association is a Federal savings association 
and the name of the beneficial holder is disclosed on the savings 
association's records or if the savings association is a State-
chartered savings association and the beneficial holder possesses 
voting rights under State law.
    Twelve CFR 192.240(a) requires that, after the members meeting, the 
savings association file with the appropriate OCC licensing office 
(Federally-chartered) or FDIC region (State-chartered) the following 
information: (1) a certified copy of each adopted resolution on the 
conversion; (2) the total votes eligible to be cast; (3) the total 
votes represented in person or by proxy; (4) the total votes cast in 
favor of and against each matter; (5) the percentage of votes necessary 
to approve each matter; and (6) an opinion of counsel that the meeting 
was conducted in compliance with all applicable State or Federal laws 
and regulations. Twelve CFR 192.240(b) requires that, upon completion 
of the conversion, the savings association promptly submit an opinion 
of counsel that it complied with all applicable laws.
    Twelve CFR 192.250(b)(2) requires that if, in complying with proxy 
solicitation provisions, the savings association solicits proxies 
through newspaper advertisements, the advertisements may include only 
(i) the name of the savings association; (ii) the reason for the 
advertisement; (iii) the proposal or proposals to be voted upon; (iv) 
where a member may obtain a copy of the proxy solicitation material; 
and (v) a request for the savings association's members to vote at the 
meeting.
    Twelve CFR 192.255 sets forth the form of proxy requirements. The 
form of proxy must include the following: (a) a statement in bold face 
type stating that management is soliciting the proxy; (b) blank spaces 
where the member must date and sign the proxy; (c) clear and impartial 
identification of each matter or group of related matters that members 
will vote upon; (d) the phrase ``Revocable Proxy'' in bold face type 
(at least 18 point); (e) a description of any charter or State law 
requirement that restricts or conditions votes by proxy; (f) an 
acknowledgment that the member received a proxy statement before he or 
she signed the form of proxy; (g) the date, time, and the place of the 
meeting, when available; (h) a way for the member to specify by ballot 
whether he or she approves or disapproves of each matter that members 
will vote upon; (i) a statement that management will vote the proxy in 
accordance with the member's specifications; and (j) a statement in 
bold face type indicating how management will vote the proxy if the 
member does not specify a choice for a matter.
    Twelve CFR 192.270 requires that a savings association prepare its 
proxy statement in compliance with part 192 and Form PS and mail proxy 
solicitation material to its members.
    Twelve CFR 192.275(a) provides that a savings association must file 
revised proxy solicitation materials as an amendment to its application 
for conversion. The proxy solicitation materials must be in the form in 
which it furnished the materials to its members. Twelve CFR 192.275(b) 
provides that to revise its proxy a savings association must file: (1) 
revised proxy materials as required by Form PS; (2) a revised form of 
proxy, if applicable; (3) any additional proxy solicitation material 
subject to Sec.  192.270; and (4) a copy of the revised proxy 
solicitation materials marked to clearly indicate changes from the 
prior filing.
    Twelve CFR 192.280 sets out the rules for mailing proxy 
solicitation materials. Twelve CFR 192.280(a) provides that a savings 
association must mail the member's cleared proxy if a member requests 
in writing that the savings association mail the proxy solicitation 
material, the savings board of directors has adopted a plan of 
conversion, the appropriate Federal banking agency has cleared the 
member's proxy solicitation and the member agrees to defray the savings 
association's reasonable expenses. Twelve CFR 192.280(b) provides that 
upon receipt of such a request, the savings association must promptly 
furnish to the member the approximate number of members that the 
savings association solicited or will solicit (or the approximate 
number of members of any group of account holders that the member 
designates) and the estimated cost of mailing the proxy solicitation 
material.
    Twelve CFR 192.295 provides that if a savings association amends 
its application for conversion, the appropriate Federal banking agency 
may require the savings association to re-solicit proxies for its 
members' meeting as a condition of approval of the amendment.
    Twelve CFR 192.300 sets forth the requirements governing offering 
circulars. Twelve CFR 192.300(a) provides that a Federal savings 
association must file its offering circular with the appropriate OCC 
licensing office and a State savings association must file its offering 
circular with the appropriate FDIC region. Twelve CFR 192.300(b) 
provides that a savings association must condition its stock offering 
upon member approval of its plan of conversion.
    Twelve CFR 192.305 sets forth rules governing the distribution of 
the offering circular. Twelve CFR 192.305(a) provides that a savings 
association may distribute a preliminary offering circular at the same 
time as or after it mails the proxy statement to its members. Twelve 
CFR 192.305(c) provides that a savings association must distribute a 
final offering circular for stock issued in the transaction to persons 
listed in its plan of conversion within ten calendar days after the 
appropriate Federal banking agency declares the offering circular 
effective or the Securities and Exchange Commission declares the 
registration statement for the offering circular effective.
    Twelve CFR 192.310 sets forth the rules governing post-effective 
amendments to an offering circular. Twelve CFR 192.310(b) provides that 
after the appropriate Federal banking agency or the Securities and 
Exchange Commission declares the post-effective amendment effective, 
the savings

[[Page 65848]]

association must immediately have the amendment to the offering 
circular delivered to each person who subscribed for or ordered shares 
in the offering. Twelve CFR 192.310(c) provides that the post-effective 
amendment must indicate that each person may increase, decrease, or 
rescind their subscription or order.
    Twelve CFR 192.320 provides that a savings association must offer 
to sell its shares in the following order: (a) eligible account 
holders; (b) tax-qualified employee stock ownership plans; (c) 
supplemental eligible account holders; (d) other voting members who 
have subscription rights; and (e) the savings association's community 
or the general public.
    Twelve CFR 192.335 sets forth the procedures for the sale of 
conversion shares. Twelve CFR 192.335(a) provides that a savings 
association must distribute order forms to all eligible account 
holders, supplemental eligible account holders, and other voting 
members to enable them to subscribe for the conversion shares they are 
permitted under the plan of conversion. The savings association may 
either send the order forms with its offering circular or after the 
savings association distributes its offering circular.
    Twelve CFR 192.405 sets forth the rules governing extensions of the 
offering period. Twelve CFR 192.405(a) provides that a savings 
association must submit a request in writing to the appropriate Federal 
banking agency for an extension of any offering period. Twelve CFR 
192.405(b) provides that if the appropriate Federal banking agency 
grants a savings association's request for an extension of the offering 
period, the savings association must provide a post-effective amendment 
to the offering circular under Sec.  192.310 to each person who 
subscribed for or ordered stock. The amendment must indicate that the 
appropriate Federal banking agency extended the offering period and 
that each person who subscribed for or ordered stock may increase, 
decrease, or rescind their subscription or order within the time 
remaining in the extension period.
    Twelve CFR 192.430 sets forth the rules governing charter 
amendments. Twelve CFR 192.430(a) provides that if the savings 
association is a Federally-chartered mutual savings association or 
savings bank and it converts to a Federally-chartered stock savings 
association or savings bank, it must apply to the OCC to amend its 
charter and bylaws consistent with 12 CFR 5.22 as part of the savings 
association's application for conversion. Twelve CFR 192.430(b) 
provides that a Federally-chartered mutual savings association or 
savings bank that is converting to a State-chartered stock savings 
association must surrender its charter to the OCC for cancellation 
promptly after the State issues its new State stock charter and 
promptly file a copy of its new State stock charter with the FDIC.
    Twelve CFR 192.450 sets forth the general rules governing 
liquidation accounts. Twelve CFR 192.450(a) provides that a liquidation 
account represents the potential interest of eligible account holders 
and supplemental eligible account holders in the savings association's 
net worth at the time of conversion. A savings association must 
maintain a sub-account to reflect the interest of each account holder. 
Twelve CFR 192.450(b) provides that before a savings association may 
provide a liquidation distribution to common stockholders, the savings 
association must give a liquidation distribution to those eligible 
account holders and supplemental eligible account holders who hold 
savings accounts from the time of conversion until liquidation. Twelve 
CFR 192.450(c) provides that a savings association must disclose the 
liquidation account in the footnotes to the savings association's 
financial statements.
    Twelve CFR 192.470 sets forth the rules governing adjustments to 
liquidation sub-accounts. Twelve CFR 192.470(a) provides that a savings 
association must reduce the balance of an eligible account holder's or 
supplemental eligible account holder's liquidation sub-account if the 
deposit balance in the account holder's savings account at the close of 
business on any annual closing date, falls below the lesser of: (i) the 
deposit balance in the account holder's savings account as of the 
relevant eligibility record date; or (ii) the deposit balance in the 
account holder's savings account as of its lowest balance as of any 
subsequent annual closing date. The reduction in the liquidation sub-
account from its balance at the time of conversion must be 
proportionate to the reduction in the account holder's savings account 
from its balance at the time of conversion. Twelve CFR 192.470(c) 
provides that a savings association is not required to adjust the 
liquidation account and sub-account balances at each annual closing 
date if the savings association maintains sufficient records to make 
the computations if a liquidation subsequently occurs. Twelve CFR 
192.470(d) provides that a savings association must maintain the 
liquidation sub-account for each account holder as long as the account 
holder maintains an account with the same social security number.
    Twelve CFR 192.485 provides that if a savings association converts 
to Federal stock form, it must include a specific provision regarding 
the maintenance of a liquidation account in its new charter.
    Twelve CFR 192.500(a) provides that during the twelve months after 
its conversion, a savings association may implement a stock option plan 
(Option Plan), an employee stock ownership plan or other tax-qualified 
employee stock benefit plan (collectively, ESOP), and a management 
recognition plan (MRP), provided that the savings association meets a 
set of requirements, including disclosure requirements and percentage 
limitations, and vesting restrictions.
    Twelve CFR 192.505 sets forth the rules governing restrictions on 
trading. Twelve CFR 192.505(b) provides that the savings association 
must include a notice of an applicable restriction on each certificate 
of stock that a director or officer purchases during the conversion or 
receives in connection with a stock dividend, stock split, or otherwise 
with respect to such restricted shares.
    Twelve CFR 192.515 details the information that must be filed with 
the Federal banking agency prior to the repurchase of shares. Twelve 
CFR 192.515(a) provides that in order to repurchase stock in the first 
year following conversion, a savings association generally must file a 
written notice with the appropriate OCC licensing office if Federally-
chartered and with the appropriate FDIC region if State-chartered. The 
savings association must provide the following information: (1) the 
proposed repurchase program; (2) the effect of the repurchases on 
regulatory capital; and (3) the purpose of the repurchases and, if 
applicable, an explanation of the extraordinary circumstances 
necessitating the repurchases. Twelve CFR 192.515(b) provides that a 
Federal savings association must file its notice with the appropriate 
OCC licensing office, and a State savings association must file its 
notice with the appropriate regional director of the FDIC, at least 10 
calendar days before the savings association begins its repurchase 
program. Twelve CFR 192.515(c) provides that a savings association may 
not repurchase its shares if the appropriate Federal banking agency 
objects to the repurchase program.
    Twelve CFR 192.525 sets forth the restrictions on the acquisition 
of shares after conversion. Twelve CFR 192.525(c)(5) provides that an 
acquiror does not have to file a separate

[[Page 65849]]

application to obtain the appropriate Federal banking agency's approval 
under 12 CFR 192.525(a) if the acquiror files an application under 12 
CFR 5.50 that specifically addresses the criteria listed under 12 CFR 
192.525(d) and the savings association does not oppose the proposed 
acquisition. Twelve CFR 192.525(d) provides conditions under which the 
appropriate Federal banking agency may deny an application to acquire 
shares under this section.
    Twelve CFR 192.530 sets forth other post-conversion requirements. 
Twelve CFR 192.530(a) provides that after a savings association 
converts, it must promptly register its shares under the Securities 
Exchange Act of 1934 (15 U.S.C. 78a-78jj, as amended). The savings 
association may not deregister the shares for three years. Twelve CFR 
192.530(c) provides that a savings association must also use its best 
efforts to list its shares on a national or regional securities 
exchange or on the National Association of Securities Dealers Automated 
Quotation system. Finally, 12 CFR 192.530(d) requires the savings 
association to file all post-conversion reports required by the 
appropriate Federal banking agency.
    Twelve CFR 192.550(a) provides that a savings association may 
contribute some of its conversion shares or proceeds to a charitable 
organization if: (a) its plan of conversion provides for the proposed 
contribution; (b) the savings association's members approve the 
proposed contribution; and (c) the IRS has approved, or approves within 
two years after formation, the charitable organization as a tax-exempt 
organization under the Internal Revenue Code.
    Twelve CFR 192.565 provides that the charter of a charitable 
organization's charter (or trust agreement) and the gift instrument 
itself must provide that: (a) the charitable organization's primary 
purpose is to serve and make grants in the savings association's local 
community; (b) as long as the charitable organization controls shares, 
it must vote those shares in the same ratio as all other shares voted 
on each proposal considered by the savings association's shareholders; 
(c) for at least five years after its organization, one seat on the 
charitable organization's board of directors (or board of trustees) is 
reserved for an independent director (or trustee) from the savings 
association's local community who is not affiliated with the savings 
association and is experienced with local community charitable 
organizations and grant making; and (d) for at least five years after 
its organization, one seat on the charitable organization's board of 
directors (or board of trustees) is reserved for a director from the 
savings association's board of directors, or the board of directors of 
an acquiror or resulting institution in the event of a merger or 
acquisition of the savings institution.
    Twelve CFR 192.575 sets forth several other requirements for 
charitable organizations. Twelve CFR 192.575(a) provides that the 
charitable organization's charter (or trust agreement) and the gift 
instrument for the contribution must provide that: (1) the appropriate 
Federal banking agency may examine the charitable organization at the 
charitable organization's expense; (2) the organization must comply 
with all supervisory directives that the appropriate Federal banking 
agency imposes; (3) the organization must operate according to written 
policies adopted by its board of directors (or board of trustees), 
including a conflict of interest policy; (4) the organization must not 
engage in self-dealing; and (5) the organization must comply with all 
laws necessary to maintain its tax-exempt status under the Internal 
Revenue Code. Twelve CFR 192.575(b) provides that the savings 
association must include a specific legend in the stock certificates of 
shares that the savings association contributes to the charitable 
organization or that the charitable organization otherwise acquires. 
Twelve CFR 192.575(d) provides that after the savings association 
completes its stock offering, the savings association must submit 
copies of the following documents to the appropriate OCC licensing 
office if it is a Federal savings association or with the appropriate 
FDIC region if it is a State savings association: (1) the charitable 
organization's charter and bylaws (or trust agreement); (2) the 
charitable organization's operating plan (within six months after the 
savings association's stock offering); (3) the charitable 
organization's conflict of interest policy; and (4) the gift instrument 
for the contributions of either stock or cash to the charitable 
organization.
    Twelve CFR 192.650 provides that a majority of the board of 
directors of the savings association must adopt a plan of voluntary 
supervisory conversion. The savings association must include in its 
plan of voluntary supervisory conversion: (a) the savings association's 
name and address; (b) a description of the proposed voluntary 
supervisory conversion transaction that also describes plans for any 
liquidation account; and (c) certified copies of all resolutions 
relating to the conversion adopted by the board of directors of the 
savings association.
    Twelve CFR 192.660 provides that a savings association must include 
all of the following information and documents in a voluntary 
supervisory conversion application to the appropriate OCC licensing 
office if it is a Federal savings association and to the appropriate 
FDIC region if it is a State savings association under this subpart: 
(a) information establishing eligibility; (b) a plan of conversion that 
complies with Sec.  192.650; (c) a business plan that complies with 
Sec.  192.105, when required by the (appropriate Federal banking 
agency); (d) financial data, including financial statements and call 
reports, to support the transaction; (e) proposed documents for the 
conversion (charter, bylaws, stock certificate, securities disclosure 
materials); (f) any agreements between the savings association and 
proposed purchasers and all existing and proposed employment contracts; 
(g) all related filings and applications, including filings required 
under the securities offering rules of 12 CFR parts 16 and 192, Change 
in Bank Control Act submissions, subordinated debt applications, 
applications for permission to organize a stock association and for 
approval of a merger, applications for FDIC insurance of accounts); and 
(h) other information, including a statement describing post-conversion 
roles for officers, directors, and affiliates and waiver requests.

Estimated Burden

    Estimated Frequency of Response: On occasion.
    Estimated Number of Respondents: 1.
    Estimated Total Annual Responses: 1.
    Estimated Total Annual Burden: 512 hours.
    Comments: On August 13, 2026, the OCC published a 60-day notice for 
this information collection (91 FR 52398). The OCC did not receive any 
comments.
    Comments continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation,

[[Page 65850]]

maintenance, and purchase of services to provide information.

Eden Gray,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2026-21208 Filed 10-15-26; 8:45 am]
BILLING CODE 4810-33-P


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