U.S. Court of Appeals for the Federal Circuit
American Bankers Association v. United States
This writing
- Type
- Opinion
- Filed
- Aug. 8, 2019
- Case
- American Bankers Association v. United States
- Case status
- Decided
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Opening text
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Hughes, Circuit Judge. This case arises out of legislation amending the statutory rate for dividend payments on Federal Reserve Bank stock. The Federal Reserve Act of 1913 set the dividend rate at six percent per year, which remained in effect until Congress amended the dividend provision in 2016. The amendment effectively reduced the dividend rate for certain stockholder banks from the…
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