Description:
The FR 2086 is an application for the cancellation of Federal Reserve Bank stock. The FR 2086 requires a resolution by the applying bank's stockholders or board of directors.
OMB: 7100-0042
Purpose: The application, which is required by the Federal Reserve Act and Regulation I, is submitted to the Federal Reserve Bank by member banks that are in voluntary liquidation.
Background:
Any member bank wanting to cancel its holdings of Federal Reserve Bank stock must file the appropriate application with its Federal Reserve Bank.
Respondent Panel:
Member banks of the Federal Reserve System (including national banks).
Frequency:
Event generated.
Public Release:
The information is not published but is not considered confidential.
