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pdfSupporting Statement for the
Federal Reserve Membership and Bank Stock Applications
(FR 2083, FR 2083A, FR 2083B, FR 2083C, FR 2030, FR 2030a, FR 2056, FR 2086,
FR 2086a, and FR 2087; OMB No. 7100-0042)
Summary
The Board of Governors of the Federal Reserve System (Board), under authority
delegated by the Office of Management and Budget (OMB), has extended for three years,
without revision, the Federal Reserve Membership and Bank Stock Applications (OMB No.
7100-0042). 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))1 (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).
1
12 U.S.C. § 1464a(c). Because a CSA has the “duties, restrictions, penalties, liabilities, conditions, and limitations”
that apply to a national bank, the information collection requirements that apply to a national bank (and a member
bank) generally apply to a CSA. For clarity, however, this clearance specifically identifies forms that should be used
by a CSA where no direct analogue exists for a national bank or a member bank (electing to operate as a CSA, for
example). For more information, see Board of Governors of the Federal Reserve System, Frequently Asked
Questions about Covered Savings Associations Pursuant to Section 5A of the Home Owners’ Loan Act
(December 30, 2021), available at https://www.federalreserve.gov/supervisionreg/legalinterpretations/coveredsavings-associations-frequently-asked-questions.htm.
The estimated total annual burden for the Federal Reserve Membership and Bank Stock
Applications is 406 hours. The forms and instructions are available on the Board’s public
website at https://www.federalreserve.gov/apps/reportingforms.
Background and Justification
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).
Each national bank in process of organization, each nonmember state bank converting
into a national bank, and each nonmember state bank applying for membership in the FRS under
Regulation H - Membership of State Banking Institutions in the Federal Reserve System
(12 CFR Part 208) shall file with the Federal Reserve Bank in whose district it is located an
application for stock (or deposit in the case of mutual savings banks not authorized to purchase
Federal Reserve Bank stock) in the Federal Reserve Bank.2 Under section 2 of the FRA, a federal
savings association that elects to operate as a CSA is required to become a member of the FRS
and is required to subscribe to stock of the appropriate Federal Reserve Bank. Upon
authorization to commence business by the Comptroller of the Currency (Comptroller) in the
case of a national bank in organization or upon approval of conversion by the Comptroller in the
case of a state nonmember bank converting to a national bank, or when all applicable
requirements have been complied with in the case of a state bank approved for membership, the
Federal Reserve Bank shall issue the appropriate number of shares by crediting the bank with the
appropriate number of shares on its books.3 In the case of a national or state member bank in
organization, such issuance shall be as of the date the bank opens for business.4 In the case of a
mutual savings bank not authorized to purchase Federal Reserve Bank shares, the Federal
Reserve Bank shall accept the deposit in place of issuing shares.5 The bank's membership shall
become effective on the date of such issuance or acceptance.6
When acting upon an initial Federal Reserve Membership Application (FR 2083/A/B/C)
filed by a bank, the Federal Reserve is required to consider the financial history and condition of
the applying bank, the general character of its management, the adequacy of its capital, its future
earnings prospects, the convenience and needs of the community, and whether the bank’s
corporate powers are consistent with the FRA.7 This application is initiated by the bank and
specific to the type of filing institution. The Federal Reserve uses the information collected
through the application form, along with other FRS-generated data, to determine whether the
applicant bank meets the standards for approval. The information requested in the Federal
Reserve Membership Application is necessary for the Federal Reserve to be able to fulfill its
2
12 CFR 209.2(a).
12 CFR 209.2(b).
4
12 CFR 209.2(b).
5
12 CFR 209.2(b).
6
12 CFR 209.2(b).
7
12 U.S.C. § 322; 12 CFR 208.3(b).
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2
responsibilities with respect to evaluating a bank for membership; without the information
collected on this application, the Federal Reserve would be unable to effectively regulate a
bank’s membership in and compliance with the FRS. Information requested of a bank applying
for Federal Reserve membership (such as deposits and earnings projections, proposed premises,
and the background of proposed bank officials) is not available from any source other than the
applicant.
The Federal Reserve Bank Stock Applications (FR 2030, FR 2030a, FR 2056, FR 2086,
FR 2086a, and FR 2087) must be used to request the issuance of, adjustments in (related to a
merger), or cancellation of Federal Reserve Bank stock and are submitted to the Federal Reserve
Banks. The forms which comprise the Federal Reserve Bank Stock Applications require certain
certifications by the applicant as well as certain other financial and shareholder data that are
needed by a Federal Reserve Bank to process the request.
The Federal Reserve Bank Stock Applications are necessary to obtain current information
on the applicant bank’s capital and surplus (using FR 2030 and FR 2030a), to document the
bank’s request for an increase or decrease in its holdings of Federal Reserve Bank stock (using
the FR 2056), and facilitate cancellation of member bank holdings of Federal Reserve Bank
stock and terminate membership in the FRS (using either FR 2086, FR 2086a, and FR 2087).
This information is also used to verify that a request has been duly authorized and to prevent
unauthorized requests for issuance, adjustment, or cancellation of Federal Reserve Bank stock.
The Board consulted with Reserve Banks in developing the collections on the forms of the
Federal Reserve Membership and Bank Stock Applications. The information collected on these
application forms is not available from any other source.
Description of Information Collection
Federal Reserve Membership Application (FR 2083/A/B/C)
A state-chartered bank converting into a state member bank, national bank converting
into a state member bank, or mutual savings bank applying for membership in the FRS must file
an application with the appropriate Federal Reserve Bank using the FR 2083. Depending on
whether a bank is de novo, currently operating, or a newly formed, non-operating “shell” bank
formed solely to facilitate the acquisition of an existing bank, applicants provide: a copy of the
Interagency Charter and Federal Deposit Insurance Application filed with the state and federal
regulatory agencies in connection with the proposal; information on the applicant’s business
plans and changes which may result from the proposal; and information on the applicant and
affiliates, including principals and proposed affiliates.
The application forms for the initial subscription of Federal Reserve Bank stock filed by a
new or existing state-chartered bank or a mutual savings bank (FR 2083A and FR 2083B,
respectively) require one or more of the following:
• an indication of the capital and surplus of the bank as of the date of application,
• a resolution by the applying bank’s board of directors authorizing the application, the
transaction, the agreement to comply with the requirements of the FRA and the
regulations of the Board upon admission to membership in the FRS, and information
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•
•
•
sharing between the bank, the Federal Reserve Bank, and all state or federal supervisory
authorities with jurisdiction over the bank,
a certification of the resolution,
a representation effectuating the resolution, and
a representation (by official signature) that certain requested application materials are
attached to and made part of the contemplated application.
The four individual application forms in the Federal Reserve Membership Application,
the FR 2083/A/B/C series (membership application and relevant attachments), are all one-time
submissions that are used banks to apply for membership in the FRS:
• FR 2083 - Cover sheet, with general information and instructions detailing the
information to be submitted according to whether the applicant bank is de novo, currently
operating, or non-operating,
• FR 2083A - Application form for the purchase of Federal Reserve Bank stock by statechartered banks converting into state member banks,
• FR 2083B - Application form for the purchase of Federal Reserve Bank stock or to place
a deposit with a Federal Reserve Bank by mutual savings banks, and
• FR 2083C - Certificate of Organizers or Directors certifying that the information being
submitted is true and complete, that it includes all the assets and liabilities of the bank,
and that the proposed capital is not impaired.
Applicants are encouraged to submit the FR 2083/A/B/C series forms electronically
through the FRS’s web-based platform, FedEZFile
(https://www.federalreserve.gov/supervisionreg/afi/afi.htm).
Federal Reserve Bank Stock Applications (FR 2030, FR 2030a, FR 2056, FR 2086,
FR 2086a, and FR 2087)
National banks applying for their initial subscription of Federal Reserve Bank stock use
form FR 2030. State nonmember banks converting into a national bank and federal savings
associations that have elected to operate as a CSA seeking to purchase Federal Reserve Bank
stock use form FR 2030a. Liquidating member banks use form FR 2086 when cancelling their
Federal Reserve Bank stock. Member banks converting into or merging into member or
nonmember banks, and CSAs terminating an election to operate as a CSA, use form FR 2086a.
Insolvent member banks cancelling their Federal Reserve Bank stock use form FR 2087. These
forms require one or more of the following:
• a resolution by the applying bank’s board of directors authorizing the transaction,
• a certification (by official signatures) of the resolution,
• an indication of the number of shares and dollar amount of the Federal Reserve Bank
stock to be purchased or canceled, and/or
• a representation (by official signatures) effectuating the resolution.
A member bank that will survive a merger or consolidation with another bank uses form
FR 2056 when adjusting its holdings of Federal Reserve Bank stock. The FR 2056 requires an
indication of the capital and surplus of the bank as anticipated post-merger, disclosure of other
financial data, an indication of the number of shares held and the number of shares to be acquired
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or canceled, and a certification of the truth, accuracy, and completeness of the information given
by official signatures. A completed application form must be submitted for each required
adjustment by member banks that will survive a merger or consolidation with another bank as a
result of Regulation I.8 The amount of Federal Reserve Bank stock actually held by the member
bank is determined by the Federal Reserve Bank through its monitoring of the member bank’s
capital accounts reported quarterly on the Consolidated Reports of Condition and Income (Call
Report) (FFIEC 031, FFIEC 041, and FFIEC 051; OMB No. 7100-0036).
The Federal Reserve Bank Stock Applications must be filed with the appropriate Federal
Reserve Bank. The Federal Reserve Bank Stock Applications are distributed by the Federal
Reserve Banks and the information collected enables them to account for required subscription,
adjustment, or cancellation payments to and from the Federal Reserve Bank and for dividends
paid by the Federal Reserve Bank on any outstanding stock. The Board understands that
respondents use information technology to comply with these reporting requirements.
Respondent Panel
The Federal Reserve Membership Application panel comprises state-chartered banks
converting to a state member bank, national banks converting to a state charter, and mutual
savings banks applying for membership in the FRS. The Federal Reserve Bank Stock
Applications panel comprises national banks seeking to purchase Federal Reserve Bank stock,
nonmember state banks converting into a national bank, federal savings associations that have
elected to operate as a CSA, CSAs terminating an election to operate as a CSA, and member
banks seeking to increase, decrease, or cancel their Federal Reserve Bank stock holdings.
Frequency and Time Schedule
The Federal Reserve Membership and Bank Stock Applications are submitted on an
event-generated basis. The Federal Reserve Membership Application (FR 2083/A/B/C) is filed
by a national bank converting to a state charter and a new or existing state-chartered bank or
mutual savings bank when it wishes to become a member of the Federal Reserve System. Within
the Federal Reserve Bank Stock Applications, the FR 2030 must be submitted by a national bank
while in the process of organizing and the FR 2030a must be submitted by a state nonmember
bank while in the process of converting to a national bank or a federal savings association that
has elected to operate as a CSA. The FR 2056 must be filed by a member bank prior to surviving
a merger or consolidation. The FR 2086, FR 2086a, and FR 2087 should be filed promptly after
the event triggering the need for cancellation of a member bank or CSA’s Federal Reserve Bank
stock.
Public Availability of Data
No data collected by this information collection are published.
8
12 CFR Part 209.3(d).
5
Legal Status
The Federal Reserve Membership Application is authorized by sections 9 and 19 of the
FRA. The Federal Reserve Bank Stock Applications are authorized pursuant to section 11(a) of
the FRA, and also section 2 of the FRA (for FR 2030), sections 2 and 8 of the FRA (for
FR 2030a), section 9 of the FRA (for FR 2056), sections 9 and 5 of the FRA (for FR 2086),
sections 9 and 5 of the FRA (for FR 2086a), and section 6 of the FRA (for FR 2087). The
FR 2083/A/B/C is required to obtain a benefit, while the FR 2030, FR 2030a, FR 2056, FR 2086,
FR 2086a, and FR 2087 are mandatory.
Individual respondents may request that information submitted to the Board in these
applications be kept confidential on a case-by-case basis. Such applications may contain
information related to business plans implied by the application. Under certain circumstances,
this information may qualify under exemption 4 of the Freedom of Information Act (FOIA),
which protects privileged or confidential commercial or financial information (5 U.S.C. §
552(b)(4)). These applications may also contain information of a personal nature the disclosure
of which would result in a clearly unwarranted invasion of personal privacy, which may qualify
for exemption 6 of the FOIA (5 U.S.C. § 552(b)(6)). Additionally, exemption 8 of the FOIA may
apply to the extent the reported information is contained in or related to examination reports
(5 U.S.C. § 552(b)(8)).
Consultation Outside the Agency
There has been no consultation outside the FRS.
Public Comments
On July 31, 2025, the Board published an initial notice in the Federal Register (90 FR
36051) requesting public comment for 60 days on the extension, without revision, of the Federal
Reserve Membership and Bank Stock Applications. The comment period for this notice expired
on September 29, 2025. The Board did not receive any comments. The Board adopted the
extension, without revision, of the Federal Reserve Membership and Bank Stock Applications as
originally proposed. On December 8, 2025, the Board published a final notice in the Federal
Register (90 FR 56753).
Estimate of Respondent Burden
As shown in the table below, the estimated total annual burden for the Federal Reserve
Membership and Bank Stock Applications is 406 hours. The number of respondents is based on
the average number of filings received in 2022 and 2023. The burden estimate was adjusted up
using the standard Board burden calculation methodology. These reporting requirements
represent less than 1 percent of the Board’s total paperwork burden.
6
Estimated
number of
respondents9
Federal Reserve Membership
Application
FR 2083, FR 2083A, FR 2083B,
and FR 2083C
Federal Reserve Bank Stock
Applications
FR 2030
FR 2030a
FR 2056
FR 2086
FR 2086a
FR 2087
Estimated
Estimated
Estimated
annual
average hours annual burden
frequency per response
hours
32
1
6.21
199
11
16
177
1
1
1
0.66
0.63
0.78
7
10
138
1
90
1
1
1
1
0.56
0.55
0.53
1
50
1
406
Total
The estimated total annual cost to the public for this information collection is $29,293.10
Sensitive Questions
This information collection contains no questions of a sensitive nature, as defined by
OMB guidelines.
Estimate of Cost to the Federal Reserve System
The estimated cost to the FRS for collecting and processing this information collection is
$307,000.
9
Of these respondents, 19 FR 2083/A/B/C, 2 FR 2030, 5 FR 2030a, 100 FR 2056, 19 FR 2086a, and 1 FR 2087
respondents are considered small entities as defined by the Small Business Administration (i.e., entities with less
than $850 million in total assets). Size standards effective March 17, 2023. See
https://www.sba.gov/document/support-table-size-standards. There are no special accommodations given to mitigate
the burden on small institutions.
10
Total cost to the responding public is estimated using the following formula: total burden hours, multiplied by the
cost of staffing, where the cost of staffing is calculated as a percent of time for each occupational group multiplied
by the group’s hourly rate and then summed (30% Office & Administrative Support at $24, 45% Financial
Managers at $87, 15% Lawyers at $88, and 10% Chief Executives at $126). Hourly rates for each occupational
group are the (rounded) mean hourly wages from the Bureau of Labor Statistics (BLS), Occupational Employment
and Wages, May 2024, published April 2, 2025, https://www.bls.gov/news.release/ocwage.t01.htm. Occupations are
defined using the BLS Standard Occupational Classification System, https://www.bls.gov/soc/.
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| File Type | application/pdf |
| File Modified | 2025-12-31 |
| File Created | 2025-12-31 |