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§ 281. Capital

Type Statute

Publication 2025-12-03

State In force

Department United States Congress

Source OLRC

Reform history JSON API

§ 281. Capital

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

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

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.

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