2010 US Code
Title 12 - BANKS AND BANKING
CHAPTER 3 - FEDERAL RESERVE SYSTEM
SUBCHAPTER VI - CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND EARNINGS
Sec. 281 - Capital

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Metadata
Publication TitleUnited States Code, 2006 Edition, Supplement 4, Title 12 - BANKS AND BANKING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 12 - BANKS AND BANKING
CHAPTER 3 - FEDERAL RESERVE SYSTEM
SUBCHAPTER VI - CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND EARNINGS
Sec. 281 - Capital
Containssection 281
Date2010
Laws in Effect as of DateJanuary 7, 2011
Positive LawNo
Dispositionstandard
Source CreditDec. 23, 1913, ch. 6, §2 (part), 38 Stat. 253.
Statutes at Large Reference38 Stat. 253


§281. Capital

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

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

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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