WAstruc10
ACI 349 code relating to Nuclear safety structures provides a good coverage on the steel bar anchorage pull out calculation. The failure mode is often assumed to be a prism and not bursting of the concrete.
It appear to me that it is easier for a row of bars to tear the concrete out by tension than one bar plugs out with the concrete. In a row format the pull out force is multiplied by the number of bars but the shear perimeter is restricted to three sides (left, right and bottom sides of the row).
Thus if a steel bar is embedded to a sufficient depth then the design would work as sufficient amount of concrete can be made to participate in sharing the load. However this is not possible in your case of dowelling #3 bar into 2" (50mm) thick concrete.
From experience the dowel depth of the #3 (10mm) bar will be around 10" to 12" (250 to 300mm) and grouted by epoxy grade material. Assuming a tensile stress of 1 N/mm2 (used in British code for serviceability check, ACI 349 allows about 1.5N/mm2 for grade 30N/mm2 concrete, 1N/mm2=145 psi)the tensile resistance of the concrete from the two parallel sides (say 12" or 300mm embedded length) of the bar is just about to balance the yield strength of the high yield rebar estimated to be about 3 tonnes (metric tonnes is roughly similar to Imperial ton). One can say the single bar grouted at 300mm depth is safe.
However if 5 bars are grouted, say @ 12" (300mm) centres, then perimeter increase over a single bar is only 300% and this cannot match the capacity of the 5 fold increase in reforcing bar.
There are also risk in drilling a 2" wall for a #3 bar to 12" depth as any inaccuracy of the hole's verticality and dimension can create an imperfect failure plane initiating the failure prematurely. The reliablity of getting a consistent tensile strength from a 2" thick wall is, needless to say, questionable.
The code may not deliberately set out to cover the difficult situation in your case. However I believe a reasonable assessment should be possible with the information already published by the code.