Federal Reserve Bank Capital Stock

Document 2022-26066 is a Final Rule published by the Federal Reserve System in the Federal Register on December 1, 2022, with an effective date of January 3, 2023. 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 29, 2022, the total consolidated asset threshold will be $12,124,000,000 through December 31, 2023. View the original at https://www.federalregister.gov/documents/2022/12/01/2022-26066/federal-reserve-bank-capital-stock.

No. Document 2022-26066 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.