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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. § 283 Public subscription to capital stock us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 283 12 U.S.C. § 283 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/s283 data/legal/raw/us/code/title-12/usc12.xml 7152a79d2b4aa3f0602b60f04796c51a32f6543e13dcefed24701f7d06753fea e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 3d660e39e4a8eb23ad015e6c11c7b68f5173806d5caa419a69e48fff1665a39f 2026-07-04 official
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us-code

12 U.S.C. § 283 - Public subscription to capital stock

Text

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.)

Notes

Editorial Notes

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.