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2016 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. 283 - Public subscription to capital stock
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12 U.S.C. § 283 (2016) |
§283. Public subscription to capital stock |
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. |
(Dec. 23, 1913, ch. 6, §2 (par.), 38 Stat. 253.) |
CODIFICATION
Section is comprised of the ninth par. of section 2 of act Dec. 23, 1913. For classification of other pars. of section 2 of this Act, see Codification note set out under section 222 of this title. |
United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 12 - BANKS AND BANKING CHAPTER 3 - FEDERAL RESERVE SYSTEM SUBCHAPTER VI - CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND EARNINGS Sec. 283 - Public subscription to capital stock |
section 283 |
2016 |
January 6, 2017 |
No |
standard |
38 Stat. 253 |
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