The Board of Governors of the Federal Reserve System (FED) published in the Federal Register the annual asset-size threshold adjustment pursuant to Regulation I entitled „Required stock purchases of Federal Reserve Bank stock“. This amount determines whether a bank will be paid a dividend of 6% (for those banks with total consolidated assets up to the threshold limit) or will be paid a dividend of 6% or „the most recent 10-year Treasury auction rate prior to the dividend payment“ – whichever is lesser – for those banks whose total consolidated assets are above the threshold.
The new threshold limit is now set to $12.517 billion and will be valid until the year end of 2024. The threshold is adjusted annually to reflect changes in the Gross Domestic Product Price Index. Please see the comment box below for more information.
Other Features
banks
dividends
inflation
limit
shareholders
Date Published: 2023-11-29
Date Taking Effect: 2023-12-29
Regulatory Framework: Federal Reserve Act
Regulatory Type: regulation
ID 26584
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ID 26558
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ID 26477
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