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HR 5027 114th Congress House

To amend the Federal Reserve Act to adjust the circumstances under which Federal reserve bank stock is callable, and for other purposes.

Introduced: April 21, 2016 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalEconomic performance and conditionsFederal Reserve SystemInflation and pricesSecurities
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 21, 2016
Referred to the House Committee on Financial Services.
Apr 21, 2016
Introduced in House
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 Latest action April 21, 2016

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

This bill amends the Federal Reserve Act to revise the formula for subscription of national banking associations to the stock of their regional Federal Reserve Bank.

Instead of one-sixth of an association's subscription to be payable on call by the Board of Governors of the Federal Reserve System, a member bank shall pay one-twelfth of its subscription when the Federal Reserve Board directs, and the remainder subject to the call of the Board.

If a member bank has total consolidated assets of $10 billion or less, however, it may elect to pay one-half of its subscription instead of one-twelfth, but only once, and only within the first year after it becomes a member bank.

The bill makes similar revisions to the formula for an increase in a member bank's capital stock or surplus.

The Board may only call the subscription of a member bank if the aggregate amount of surplus funds of the Federal Reserve Banks is exhausted.

A member bank may elect to have called amounts returned to it if the aggregate amount of surplus funds of the Federal Reserve Banks is $1 billion or more.

The Board shall make annually inflation adjustments to the dollar amounts of total consolidated assets specified in the Act and in this bill to reflect the change in the Gross Domestic Product Price Index, published by the Bureau of Economic Analysis of the Department of Commerce.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
SMITH, LAMAR
· May 26, 2016
 R
Sessions, Pete
Texas · Apr 21, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5027: To amend the Federal Reserve Act to adjust the circumstances under which Federal reserve bank stock is callable, and for other purposes.. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5027/
MLA
"H.R. 5027: To amend the Federal Reserve Act to adjust the circumstances under which Federal reserve bank stock is callable, and for other purposes.." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5027/.
Bluebook (legal)
H.R. 5027, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5027/.
Markdown link
[H.R. 5027: To amend the Federal Reserve Act to adjust the circumstances under which Federal reserve bank stock is callable, and for other purposes.](https://openamerica.io/bill/114-HR-5027/)
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