---
type: "LegalText"
title: "12 U.S.C. § 286"
description: "Transfers of stock; rules and regulations"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "3"
chapter_name: "FEDERAL RESERVE SYSTEM"
section: "286"
citation: "12 U.S.C. § 286"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
source_identifier: "/us/usc/t12/s286"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "991f742ba860160802e6c8ed15e39c10f04eff2510f74a72a0c6fd3a935af028"
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text_hash: "62e661e51a2d48ad63e03ffdf7039a0508d8267d309175c84c534520904684b2"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 12 U.S.C. § 286 - Transfers of stock; rules and regulations

## Text

The Board of Governors of the Federal Reserve System is empowered to adopt and promulgate rules and regulations governing the transfers of said stock.

(Dec. 23, 1913, ch. 6, § 2 (par.), 38 Stat. 253; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.)

## Notes

Editorial Notes

Codification Section is based on the twelfth 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.

Statutory Notes and Related Subsidiaries

Change of Name Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.