Aeronautical Information Manual (AIM), page 369
12/10/15 AIM FIG 5-4-18 Timed Approaches from a Holding Fix LOM LMM 1000 FT. REPORT LEAVING PREVIOUS ALTITUDE FOR NEW ASSIGNED ALTITUDE 1000 FT. 1000 FT. 1000 FT. ONE MINUTE APPROXIMATELY 5 MILES AIRPORT FLYING TIME 12:03 CLEARANCE RECEIVED :04 INITIAL TIME OVER FIX :06 1/2 30 SEC. :05 :07 REPORT :05 1/2 LEAVING FINAL APPROACH TIME EXAMPLE- At 12:03 local time, in the example shown, a pilot holding, receives instructions to leave the fix inbound at 12:07. These instructions are received just as the pilot has completed turn at the outbound end of the holding pattern and is proceeding inbound towards the fix. Arriving back over the fix, the pilot notes that the time is 12:04 and that there are 3 minutes to lose in order to leave the fix at the assigned time. Since the time remaining is more than two minutes, the pilot plans to fly a race track pattern rather than a 360 degree turn, which would use up 2 minutes. The turns at the ends of the race track pattern will consume approximately 2 minutes. Three minutes to go, minus 2 minutes required for the turns, leaves 1 minute for level flight. Since two portions of level flight will be required to get back to the fix inbound, the pilot halves the 1 minute remaining Arrival Procedures 5-4-33
Page 369 of the Aeronautical Information Manual (AIM.pdf)
AIM: Official Guide to Basic Flight Information and ATC Procedures