WASHINGTON (AP) — The Federal Reserve says that as of June 30 it will end for most banks the temporary limits it had imposed on their ability to make dividend payments and buy back their own stock. The Fed imposed the restrictions last summer, citing a need for them to conserve capital during last year’s coronavirus-triggered recession. In Thursday’s announcement, the Fed said the restrictions would end for most firms after June 30 once the upcoming round of bank stress tests has been completed. Banks with capital levels below those required by the stress tests will remain subject to the restrictions.
