View Information Collection Request (ICR) Package
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Certification
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View Supporting Statement and Other Documents
Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
7100-0042
ICR Reference No:
201705-7100-007
Status:
Historical Active
Previous ICR Reference No:
201502-7100-001
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:
06/19/2017
Retrieve Notice of Action (NOA)
Date Received in OIRA:
06/19/2017
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2018
02/28/2018
02/28/2018
Responses
1,429
0
1,464
Time Burden (Hours)
716
0
734
Cost Burden (Dollars)
0
0
0
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.
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
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
79 FR 62442
10/17/2014
30-day Notice:
Federal Register Citation:
Citation Date:
80 FR 2932
01/21/2015
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
6
IC Title
Form No.
Form Name
Application Federal Reserve Bank Stock (for Use by De Novo National Banks)
FR 2030
Application for 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
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 (Member Banks Converting into or Merging into Nonmember Banks)
FR 2086a
Application for Cancellation of Federal Reserve Bank Stock
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 (by Member Banks in Voluntary Liquidation)
FR 2086
Application for Cancellation of Federal Reserve Bank Stock
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
1,464
0
0
-35
0
Annual Time Burden (Hours)
716
734
0
0
-18
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:
Decrease in burden hours reflects update to the FR 2086 respondent count.
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
Agency Contact:
Kaitlin Merritt 202 452-3752 kaitlin.m.merritt@frb.gov
Common Form ICR:
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:
(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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