4 ms·
Each member bank is listed on the website of its regional Federal Reserve Bank. For example, here is the list of state member banks supervised by the Federal R
by commoner 4y ago
Each member bank is listed on the website of its regional Federal Reserve Bank.
For example, here is the list of state member banks supervised by the Federal Reserve Bank of Richmond: https://www.richmondfed.org/banking/banker_resources/applications_membership/federal_reserve_membership/state_member_banks https://www.richmondfed.org/banking/banker_resources/applica...
The member banks with $10 billion or less of total consolidated assets receive the 6% dividend. The ones with over $10 billion of total consolidated assets receive a dividend matching the high yield of the 10-year Treasury note (capped at 6%). The yield is 2.755% as of the most recent auction.*
* https://www.treasurydirect.gov/instit/annceresult/annceresult.htm https://www.treasurydirect.gov/instit/annceresult/annceresul...