Federal Reserve Membership Application

Forms and Documents

Document Name	Status
Form FR 2083, FR 2083A, Federal Reserve Membership Application 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
36033	Federal Reserve Membership Application Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0046	ICR Reference No: 201706-7100-002
Status: Historical Active	Previous ICR Reference No: 201502-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR 2083
Title: Federal Reserve Membership Application
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	46	0	46
Time Burden (Hours)	207	0	184
Cost Burden (Dollars)	0	0	0

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Abstract: The application for membership (FR 2083) is a required one-time submission that collects the information necessary for the Federal Reserve to evaluate the statutory criteria, outlined in section 9 of the Federal Reserve Act, for admission of a new or existing state bank into membership in the Federal Reserve System. 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 322 Name of Law: Federal Reserve Act
   US Code: 12 USC 333 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: 1

IC Title	Form No.	Form Name
Federal Reserve Membership Application	FR 2083, FR 2083A, FR 2083B, and FR 2083C	Federal Reserve Membership Application

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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	46	46	0	0	0	0
Annual Time Burden (Hours)	207	184	23	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 membership application is estimated to be 184 hours. The annual reporting burden for the proposed membership application would be 207 hours, an increase of 23 hours. The estimated average hours per response would increase from 4.0 hours to 4.5 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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