Federal Reserve Board announces annual adjustment to the asset-size threshold in Regulation I
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Federal Reserve Board announces annual adjustment to the asset-size threshold in Regulation I
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.
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