FEDERAL · 12 U.S.C. · Chapter 3

Capital

Current through Pub. L. 119-102
Title 12Banks and Banking·Ch. 3 — FEDERAL RESERVE SYSTEM·Subch. VI
No Federal reserve bank shall commence business with a subscribed capital less than $4,000,000.

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Related

Ball v. Board of Governors of the Federal Reserve System
87 F. Supp. 3d 33 (District of Columbia, 2015)
5 case citations

Source Credit

History

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

Editorial Notes

Editorial Notes

Codification
Section 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.