12 CFR 327.50 - Dividends.

Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

Collapse to view only § 327.50 - Dividends.

Table of Contents

§ 327.50 - Dividends.

(a) Suspension of dividends. The Board will suspend dividends indefinitely whenever the DIF reserve ratio exceeds 1.50 percent at the end of any year.

(b) Assessment rate schedule if DIF reserve ratio exceeds 1.50 Percent. In lieu of dividends, when the DIF reserve ratio exceeds 1.50 percent, assessment rates shall be determined as set forth in section 327.10, as appropriate.

[76 FR 10725, Feb. 25, 2011]

authority: 12 U.S.C. 1813,1815,1817,1821,1823

source: 54 FR 51374, Dec. 15, 1989, unless otherwise noted.

cite as: 12 CFR 327.50