Dividends on Federal Reserve Stock and Highway Funding

The Wall Street Journal reported Tuesday on a scheme that passed the Senate last July, to supplement the Highway Trust Fund. The legislation would reduce the 6% dividend paid by Federal Reserve Banks on stock that member banks in their respective districts are required to purchase as a condition of system membership. What is involved […] View the full post at: Dividends on Federal Reserve Stock and Highway Funding Related posts: Federal Reserve Vice Chairman Kohn Steps Down Fed Chair Bernanke on Federal Reserve’s Exit Strategy Federal Reserve Statement on Fed Fund Rates