DIVIDENDS OF FEDERAL RESERVE BANKS.

SEC. 32203. DIVIDENDS OF FEDERAL RESERVE BANKS. (a) In general.—Section 7(a)(1) of the Federal Reserve Act (12 15 U.S.C. 289(a)(1)) is amended— (1) by amending subparagraph (A) to read as follows: “(A) Dividend amount.—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 on paid-in capital stock of— “(i) in the case of a stockholder with total consolidated assets of more than $10,000,000,000, the smaller of— “(I) the rate equal to the high yield of the 10-year Treasury note auctioned at the last auction held prior to the payment of such dividend; and “(II) 6 percent; and “(ii) in the case of a stockholder with total consolidated assets of $10,000,000,000 or less, 6 percent.” ; and (2) by adding at the end the following: “(C) Inflation adjustment.—The Board of Governors of the Federal Reserve System shall annually adjust the dollar amounts of total consolidated assets specified under subparagraph (A) to reflect the change in the Gross Domestic Product Price Index, published by the Bureau of Economic Analysis.” . (b) [12 U.S.C. 289 note] Effective Date.—The amendments made by subsection (a) shall take effect on January 1, 2016.