ABA-Fed Makes Annual Adjustment to Asset Threshold for Dividend Cut.
ENPNewswire-December 13, 2019--ABA-Fed Makes Annual Adjustment to Asset Threshold for Dividend Cut
(C)2019 ENPublishing - http://www.enpublishing.co.uk
Release date- 12122019 - The Federal Reserve today made an annual inflation adjustment to the asset threshold in Regulation I that determines the dividend rate that certain member banks earn on Federal Reserve Bank stock, as required by the 2015 transportation spending bill.
The threshold for 2020 is now set at $10.715 billion in assets.
The controversial bill chopped the dividend paid to banks with more than $10 billion in...
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