FedLine® Access Solutions
Reminder - Capital Stock Reports available via FedMail® Services
December 15, 2011
In October, the Federal Reserve Banks announced that the Capital Stock monthly statement of holdings and semi-annual dividend advices will be available via FedMail Services.
FedMail Services is a cost-effective electronic messaging system used to transmit information from the Federal Reserve Banks to organizations. Use of FedMail Services to receive these reports is encouraged to help increase the efficiency in the distribution of reports. Receipt of Capital Stock statements and advices via FedMail Services is an enhancement for financial institutions already using FedMail Services to receive information and alerts regarding other Federal Reserve Service areas. To receive Capital Stock statements and advices via FedMail Services, whether your organization is already using FedMail Services or you are new to the service, your financial institution will need to complete a new Federal Reserve Bank FedMail Request Form. If you haven’t done so already, please:
- Access the FedMail Request Form
- Complete Section 2 – Service Profile Accounting: Capital Stock (STOC, DIVD). Be sure to not include other reports or advices your staff currently receives via the FedMail Service, unless changes are necessary
- Submit the form, which must be signed
By signing up to receive Capital Stock statements and advices via the FedMail Service, you will automatically receive the Capital Stock statement of holdings monthly and the dividend advices semi-annually. These statements and advices will be quickly emailed to your organization, instead of sent via paper mail. There is no fee for this service for existing or new FedMail Services customers receiving the statements and advices via email.
Organizations are not required to receive reports. However, the paper distribution of Capital Stock reports will be eliminated in June 2012. After that time, the FedMail Service will be the only method available to receive this information. By getting set up on the FedMail Service now, your organization will be prepared when paper statements and advices are no longer offered.
If you need assistance or have questions at any point in the process, please contact the Customer Contact Center at (888) 333-7010, option 1.
Reminder
The Capital Stock monthly statement of holdings and semi-annual dividend advices will be available via FedMail® Services. If you need assistance or have questions at any point in the process, please contact the Customer Contact Center at (888) 333-7010, option 1.
