Top 10 largest shareholders of The Federal Reserve:

1. JPMorgan Chase & Co.

2. Bank of America

3. Wells Fargo & Co.

4. Citigroup Inc.

5. Morgan Stanley

6. Goldman Sachs Group Inc.

7. US Bancorp

8. TD Bank NA

9. State Street Corporation

10. Bank of New York Mellon Corp.

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Discussion

The FAST Act reduced the dividend rate applicable to Reserve Bank depository institution stockholders with total assets of more than $10 billion (large member banks) to the lesser of 6 percent or the most recent 10-year Treasury auction rate prior to the dividend payment.