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Deadline for comments on FRB Reg I interim final rule

04/29/2016
Status: 

See this rule at https://federalregister.gov/a/2016-03747

The Board of Governors (Board) requests public comment on an interim final rule that amends Regulation I to establish procedures for payment of dividends by the Federal Reserve Banks (Reserve Banks) to implement the provisions of section 32203 of the “Fixing America's Surface Transportation Act.” The interim final rule sets out the dividend rates applicable to Reserve Bank depository institution stockholders and amends provisions of Regulation I regarding treatment of accrued dividends when a Reserve Bank issues or cancels Federal Reserve Bank capital stock.

The rule is effective on publication in the Federal Register (February 24, 2016), with comments accepted through April 29. 2016.

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