FR 2087

Application for Cancellation of Federal Reserve Bank Stock (for use by insolvent member banks)

Description: The FR 2087 is an application for the cancellation of Federal Reserve Bank stock. The FR 2087 is submitted by the appointed receiver of an insolvent member bank.

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 insolvent member banks.

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.

Last Update: January 15, 2020