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

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR 2030 Application Federal Reserve Bank Stock (for Use by De Novo National Banks)	Form and Instruction	Modified	Available
Form FR 2087 Application for Cancellation of Federal Reserve Bank Stock (by Insolvent Member Banks)	Form and Instruction	Modified	Available
Form FR 2086a Application for Cancellation of Federal Reserve Bank Stock (Member Banks Converting into or Merging into Nonmember Banks)	Form and Instruction	Modified	Repair queued
Form FR 2086 Application for Cancellation of Federal Reserve Bank Stock (by Member Banks in Voluntary Liquidation)	Form and Instruction	Modified	Available
Form FR 2056 Application for Adjustment in the Holding of Federal Reserve Bank Stock	Form and Instruction	Modified	Available
Form FR 2030a Application Federal Reserve Bank Stock (for Use by Nonmember State Banks Converting into National Banks)	Form and Instruction	Modified	Repair queued
FR2030_201408_83c.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2014-08-13	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
36030	Application Federal Reserve Bank Stock (for Use by De Novo National Banks)	Form and Instruction	Modified
184422	Application for Cancellation of Federal Reserve Bank Stock (by Insolvent Member Banks)	Form and Instruction	Modified
184421	Application for Cancellation of Federal Reserve Bank Stock (Member Banks Converting into or Merging into Nonmember Banks)	Form and Instruction	Modified
184420	Application for Cancellation of Federal Reserve Bank Stock (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 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: 201408-7100-003
Status: Historical Active	Previous ICR Reference No: 201106-7100-006
Agency/Subagency: FRS	Agency Tracking No: FR 2030, 2030a, 2056, 2086, 2086a, 2087
Title: Applications for Subscription to, Adjustment in Holding of, and Cancellation of Federal Reserve Bank Stock
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/13/2014
	Date Received in OIRA: 08/13/2014
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2014	09/30/2014	09/30/2014
Responses	1,464	0	1,110
Time Burden (Hours)	734	0	556
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): 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
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 27054	05/10/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 46807	08/03/2011
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Application for Cancellation of Federal Reserve Bank Stock (by Insolvent Member Banks)	FR 2087	Application for Cancellation of Federal Reserve Bank Stock
Application for Cancellation of Federal Reserve Bank Stock (Member Banks Converting into or Merging into Nonmember Banks)	FR 2086a	Application for Cancellation of Federal Reserve Bank Stock
Application Federal Reserve Bank Stock (for Use by De Novo National Banks)	FR 2030	Application for Federal Reserve Bank Stock
Application for Adjustment in the Holding of Federal Reserve Bank Stock	FR 2056	Application for Adjustment in the Holding of Federal Reserve Bank Stock
Application for Cancellation of Federal Reserve Bank Stock (by Member Banks in Voluntary Liquidation)	FR 2086	Application for Cancellation of Federal Reserve Bank Stock
Application Federal Reserve Bank Stock (for Use by Nonmember State Banks Converting into National Banks)	FR 2030a	Application for Federal Reserve Bank Stock

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ICR Summary of Burden

table that charts list 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	1,464	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

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 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.

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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: 08/13/2014

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