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12 U.S.C. § 283

Public subscription to capital stock

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 283, Public subscription to capital stock, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437271
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No individual, copartnership, or corporation other than a member bank of its district shall be permitted to subscribe for or to hold at any time more than $25,000 par value of stock in any Federal reserve bank. Such stock shall be known as public stock and may be transferred on the books of the Federal reserve bank by the chairman of the board of directors of such bank.

Legislative history

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