Capital paid in in Fed Balance Sheet

It is part of Fed's Balance Sheet - capital. Capital paid in: Banks that are members of the Federal Reserve System make payments for Federal Reserve Bank capital stock. Each member is required by law to become a shareholder and subscribe to shares of its district Reserve Bank in an amount equal to 6 percent of its own paid-in capital and surplus. Of this amount, half must be paid to the Federal Reserve and half remains subject to call by the Board of Governors. When a member's capital or surplus changes, its holdings of Reserve Bank stock must be adjusted accordingly. After expenses are paid and the statutory cumulative 6 percent dividend on paid-in capital stock is met, Reserve Banks are required by law to pay a part of net earnings into surplus so that surplus equals the amount of capital paid in. So the dividend yield of Fed capital is 6% for shareholders As of 4/8/2009, Fed has 45.8B equity capital.