The Federal Reserve Membership and Bank Stock Applications are used by the Federal Reserve System (FRS) to facilitate the relevant respondents’ applications for membership in the FRS and applications for issuance, adjustment, or cancellation of Federal Reserve Bank stock, consistent with the Federal Reserve Act (FRA) and the Board’s Regulation I - Federal Reserve Bank Capital Stock (12 CFR Part 209).
This information collection comprises the following application reporting forms:
• Application to the Board of Governors of the Federal Reserve System for Membership in the Federal Reserve System (FR 2083),
• Application for Federal Reserve Bank Stock (for use by state banks converting to a state member bank; national banks which already subscribe to Federal Reserve Bank stock should not complete this application when converting to a state member bank) (FR 2083A),
• Application for Federal Reserve Bank Stock (for use by mutual savings banks) (FR 2083B),
• Certificate of Organizers or of Directors (FR 2083C)
(FR 2083, FR 2083A, FR 2083B, and FR 2083C, together, the Federal Reserve Membership Application),
• Application for Federal Reserve Bank Stock (for use by new national banks) (FR 2030),
• Application for Federal Reserve Bank Stock (for use by nonmember state banks converting into national banks and federal savings associations that have elected to operate as a covered savings association (CSA)) (FR 2030a),
• Application for Adjustment in the Holding of Federal Reserve Bank Stock (for use by member banks that will survive a merger or consolidation with another bank) (FR 2056),
• 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 converting into or merging into member or nonmember banks or CSAs terminating an election to operate as a CSA) (FR 2086a), and
• Application for Cancellation of Federal Reserve Bank Stock (for use by insolvent member banks) (FR 2087),
(FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, and FR 2087, together, the Federal Reserve Bank Stock Applications).
US Code:
12 USC 35
Name of Law: Federal Reserve Act
US Code:
12 USC 321
Name of Law: Federal Reserve Act
US Code:
12 USC 322
Name of Law: Federal Reserve Act
US Code:
12 USC 323
Name of Law: Federal Reserve Act
US Code:
12 USC 327
Name of Law: Federal Reserve Act
US Code:
12 USC 328
Name of Law: Federal Reserve Act
US Code:
12 USC 329
Name of Law: Federal Reserve Act
US Code:
12 USC 333
Name of Law: Federal Reserve Act
US Code:
12 USC 248(a)
Name of Law: Federal Reserve Act
US Code:
12 USC 222
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 466
Name of Law: Federal Reserve Act
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:
(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;
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.