Tag Archives: Fed dividends

Judge Hears Oral Arguments in Fed Dividend Lawsuit

A federal judge yesterday heard oral arguments in the lawsuit filed by ABA and Seattle-based Washington Federal seeking over $1.1 billion in damages resulting from the United States’ improper reduction in dividends paid to Federal Reserve member banks.

Read More »

Highway Robbery

Let’s hope the FAST Act’s thievery serves as a wake-up call to banks that our industry is much stronger when we fight together.

Read More »

Sen. Brown Hopeful that Days of Banking Committee ‘Dysfunction’ Over

In remarks to the general session of ABA’s Government Relations Summit today, Senator Sherrod Brown (D-Ohio) said that “the days of the Senate Banking Committee and its dysfunction and its less-than-busy work ethic, I hope, are behind us,” expressing his optimism for bipartisan cooperation as Congress pursues pro-growth policies.

Read More »

GAO: Fed Officials, Bankers Concerned About Dividend Cut

A Government Accountability Office report on Friday found that although the 2015 highway bill's reduction in the dividend rate for Federal Reserve member banks with assets of more than $10 billion has had little short-term effect on Federal Reserve membership and bank operations, concerns arise for the future.

Read More »

Fed Makes Annual Adjustment to Asset Threshold for Dividend Cut

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 2017 is now set at $10.122 billion in assets.

Read More »