The Federal Reserve Board on Wednesday announced the annual adjustment to the asset-size threshold in Regulation I that determines the dividend rate that certain member banks earn on their Federal Reserve Bank stock. The updated total consolidated asset threshold is $10,122,000,000.
The Fixing America's Surface Transportation (FAST) Act provides that depository institution stockholders with total consolidated assets above the asset-size threshold shall receive a dividend on paid-in capital stock equal to the lesser of 6 percent or the most recent 10-year Treasury auction rate prior to the dividend payment. The dividend rate for other member banks remains at 6 percent.
The FAST Act requires the Board to adjust the asset-size threshold annually to reflect the change in the Gross Domestic Product Price Index, published by the Bureau of Economic Analysis.
The attached notice will be published shortly in the Federal Register.
For media inquiries, call 202-452-2955.
