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Federal Reserve Bank Capital Stock

Fed · final-rule · Published 2020-12-10 · Effective 2021-01-11 · 85 FR 79389

Document

Document number
2020-26199
Federal Register citation
85 FR 79389
CFR reference
12 CFR 209
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2020-12-10
Effective date
2021-01-11
Docket
Regulation I

Abstract

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 30, 2020, the total consolidated asset threshold will be $10,785,000,000 through December 31, 2021.

Source

Authoritative
Federal Register document
Machine
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