The Corporate Federal Reserve Stock Shares
Federal Reserve Act
Section 7. Division of Earnings
(a) Dividends And Surplus Funds Of Reserve Banks.
Stockholder Dividends.
In General. After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders of the bank shall be entitled to receive an annual dividend of 6 percent on paid-in capital stock.
Dividend Cumulative. The entitlement to dividends under subparagraph (A) shall be cumulative.
Deposit Of Net Earnings In Surplus Fund. That portion of net earnings of each Federal reserve bank which remains after dividend claims under subparagraph (1)(A) have been fully met shall be deposited in the surplus fund of the bank.
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