Federal Reserve Bank Capital Stock

December 13, 2019 Regulation lookup, The Fed 0

Title:
Federal Reserve Bank Capital Stock
Subject: Regulation I
Agency: Federal Reserve
Status: Final rule
Summary:
The Board of Governors (Board) is publishing a final rule that applies an inflation adjustment to the threshold for total consolidated assets in Regulation I. Federal Reserve Bank (Reserve Bank) stockholders that have total consolidated assets above the threshold receive a different dividend rate on their Reserve Bank stock than stockholders with total consolidated assets at or below the threshold. The Federal Reserve Act requires that the Board annually adjust the total consolidated asset threshold to reflect the change in the Gross Domestic Product Price Index, published by the Bureau of Economic Analysis (BEA). Based on the change in the Gross Domestic Product Price Index as of September 26, 2019, the total consolidated asset threshold will be $10,715,000,000 through December 31, 2020.
FR Doc: 2019-27012
Date proposed: Nov. 19, 2019
Comments due date:

 
Final rule effective date: Jan. 15, 2020
Rule compliance date:
Agency release:

Related Reg Report item(s): Fed sets asset threshold for determining Reserve Bank dividend rate under Reg I