Applications for Subscription to, Adjustment in Holding of, and Cancellation of Federal Reserve Bank Stock

ICR 201408-7100-003

OMB: 7100-0042

Federal Form Document

ICR Details
7100-0042 201408-7100-003
Historical Active 201106-7100-006
FRS FR 2030, 2030a, 2056, 2086, 2086a, 2087
Applications for Subscription to, Adjustment in Holding of, and Cancellation of Federal Reserve Bank Stock
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 08/13/2014
Retrieve Notice of Action (NOA) 08/13/2014
  Inventory as of this Action Requested Previously Approved
09/30/2014 09/30/2014 09/30/2014
1,464 0 1,110
734 0 556
0 0 0

The stock application forms are required by the Federal Reserve Act and Regulation I and 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.

US Code: 12 USC 222 & 282 Name of Law: Federal Reserve Act
   US Code: 12 USC 287 & 248(a) and (i) Name of Law: Federal Reserve Act
   US Code: 12 USC 321 & 288 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  76 FR 27054 05/10/2011
76 FR 46807 08/03/2011
No

  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 1,464 1,110 0 0 354 0
Annual Time Burden (Hours) 734 556 0 0 178 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The net increase in burden hours reflects an update to the respondent count based on the average of the number of applications filed in 2012 and 2013.

$0
No
No
No
No
No
Uncollected
Daniel Newman 202 973-7409 [email protected]

  No

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.
08/13/2014


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