Regulatory Alerts2022-01-13 | 2022-00503Federal Reserve Bank Capital Stock
The Board of Governors of the Federal Reserve System issued a final rule amending Regulation I to automate non-merger-related adjustments to member banks' subscriptions to Federal Reserve Bank capital stock. The rule eliminates the requirement for member banks to file routine applications for stock subscription adjustments by utilizing data from Call Reports, while codifying the requirement for surviving banks to apply for adjustments before mergers. Additionally, the Board adopted technical amendments to clarify reporting obligations for banks in U.S. dependencies and conforming revisions to the FR 2056 reporting form.
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