12 U.S.C. § 281

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 281 - Capital

No Federal reserve bank shall commence business with a subscribed capital less than $4,000,000.

12 U.S.C. § 281

Dec. 23, 1913, ch. 6, §2 (part), 38 Stat. 253.

EDITORIAL NOTES

CODIFICATIONSection is comprised of part of the thirteenth par. of section 2 of act Dec. 23, 1913. Some of the other provisions of the thirteenth par. are classified to section 224 of this title, and some were not included in the Code. For classification of other pars. of section 2 of this Act, see Codification note set out under section 222 of this title.