Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
1.4 KiB
Markdown
42 lines
1.4 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 281"
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description: "Capital"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "3"
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chapter_name: "FEDERAL RESERVE SYSTEM"
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section: "281"
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citation: "12 U.S.C. § 281"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s281"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "10aec1ae59f786d7f4e08a0cb3d9799fcf36d19861b91ab1bdaf1e4bdb5b59a9"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "4be326df78ce50f4c9d1db9052df07856d7b941f98e59f1eabf2ae784ac17e25"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 281 - Capital
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## Text
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No Federal reserve bank shall commence business with a subscribed capital less than $4,000,000.
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(Dec. 23, 1913, ch. 6, § 2 (part), 38 Stat. 253.)
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## Notes
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Editorial Notes
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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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