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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 281 Capital us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 281 12 U.S.C. § 281 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s281 data/legal/raw/us/code/title-12/usc12.xml 10aec1ae59f786d7f4e08a0cb3d9799fcf36d19861b91ab1bdaf1e4bdb5b59a9 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 4be326df78ce50f4c9d1db9052df07856d7b941f98e59f1eabf2ae784ac17e25 2026-07-04 official
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12 U.S.C. § 281 - Capital

Text

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.)

Notes

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.