Federal Reserve Bank Stock Applications

Forms and Documents

Document Name	Status
Form FR 2030 Application for Federal Reserve Bank Stock (for use by de novo national banks) Form and Instruction	Modified
Form FR 2087 Application for Cancellation of Federal Reserve Bank Stock (for use by insolvent member banks) Form and Instruction	Modified
Form FR 2086a Application for Cancellation of Federal Reserve Bank Stock (for use by member banks converting into or merging into member or nonmember banks) Form and Instruction	Modified
Form FR 2086 Application for Cancellation of Federal Reserve Bank Stock (for use by member banks in voluntary liquidation) Form and Instruction	Modified
Form FR 2056 Application for Adjustment in the Holding of Federal Reserve Bank Stock Form and Instruction	Modified
Form FR 2030a Application for Federal Reserve Bank Stock (for use by nonmember state banks converting into national banks) Form and Instruction	Modified
FR2030_FR2056_FR2086_FR2086a_FR2087_FR2083_FR2083A_FR2083B_FR2083C_20170619_omb.pdf Supporting Statement A	2017-06-19

IC Document Collections

IC ID	Document Title	Status
36030	Application for Federal Reserve Bank Stock (for use by de novo national banks) Form and Instruction	Modified
184422	Application for Cancellation of Federal Reserve Bank Stock (for use by insolvent member banks) Form and Instruction	Modified
184421	Application for Cancellation of Federal Reserve Bank Stock (for use by member banks converting into or merging into member or nonmember banks) Form and Instruction	Modified
184420	Application for Cancellation of Federal Reserve Bank Stock (for use by member banks in voluntary liquidation) Form and Instruction	Modified
184419	Application for Adjustment in the Holding of Federal Reserve Bank Stock Form and Instruction	Modified
184416	Application for Federal Reserve Bank Stock (for use by nonmember state banks converting into national banks) Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0042	ICR Reference No: 201706-7100-003
Status: Historical Active	Previous ICR Reference No: 201705-7100-007
Agency/Subagency: FRS	Agency Tracking No: FR 2030, 2030a, 2056, 2086, 2086a, 2087
Title: Federal Reserve Bank Stock Applications
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: 06/19/2017
	Date Received in OIRA: 06/19/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2020	36 Months From Approved	02/28/2018
Responses	1,429	0	1,429
Time Burden (Hours)	1,052	0	716
Cost Burden (Dollars)	0	0	0

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Abstract: The stock application forms (FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, and FR 2087) are required by the Federal Reserve Act and Regulation I - Issue and Cancellation of Federal Reserve Bank Capital Stock, 12 CFR Part 209. These application forms must be used by a new or existing member bank (including a national bank) to request the issuance, adjustment in, or cancellation of Federal Reserve Bank stock. The application forms must contain certain certifications by the applicant as well as certain other financial and shareholder data that is needed by a Reserve Bank to process the request.

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Authorizing Statute(s): US Code: 12 USC 222 Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 248(i) Name of Law: Federal Reserve Act
   US Code: 12 USC 282 Name of Law: Federal Reserve Act
   US Code: 12 USC 287 Name of Law: Federal Reserve Act
   US Code: 12 USC 288 Name of Law: Federal Reserve Act
   US Code: 12 USC 321 Name of Law: Federal Reserve Act
  

Citations for New Statutory Requirements: PL: Pub.L. 114 - 94 32203 Name of Law: Fixing America’s Surface Transportation Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AE47	Final or interim final rulemaking	81 FR 84415	11/23/2016

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 9082	02/24/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 84415	11/23/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Application for Cancellation of Federal Reserve Bank Stock (for use by insolvent member banks)	FR 2087	Application for Cancellation of Federal Reserve Bank Stock (for use by insolvent member banks)
Application for Cancellation of Federal Reserve Bank Stock (for use by member banks converting into or merging into member or nonmember banks)	FR 2086a	Application for Cancellation of Federal Reserve Bank Stock (for use by member banks converting into or merging into member or nonmember banks)
Application for Cancellation of Federal Reserve Bank Stock (for use by member banks in voluntary liquidation)	FR 2086	Application for Cancellation of Federal Reserve Bank Stock (for use by member banks in voluntary liquidation)
Application for Federal Reserve Bank Stock (for use by nonmember state banks converting into national banks)	FR 2030a	Application for Federal Reserve Bank Stock (for use by nonmember state banks converting into national banks)
Application for Federal Reserve Bank Stock (for use by de novo national banks)	FR 2030	Application for Federal Reserve Bank Stock (for use by de novo national banks)
Application for Adjustment in the Holding of Federal Reserve Bank Stock	FR 2056	Application for Adjustment in the Holding of Federal Reserve Bank Stock

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ICR Summary 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	1,429	1,429	0	0	0	0
Annual Time Burden (Hours)	1,052	716	336	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The current annual reporting burden for the stock applications is estimated to be 716 hours. The annual reporting burden for the proposed stock applications would be 1,052 hours, an increase of 336 hours. The estimated average hours per response for the FR 2030 and FR 2030a would increase from 0.5 hours to 1.0 hour and the FR 2056 would increase from 0.5 hours to 0.75 hours.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

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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: 06/19/2017

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