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12 U.S.C. § 283 - U.S. Code - Unannotated Title 12. Banks and Banking § 283. Public subscription to capital stock

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - 12 U.S.C. § 283 - U.S. Code - Unannotated Title 12. Banks and Banking § 283. Public subscription to capital stock - last updated January 01, 2024 | https://codes.findlaw.com/us/title-12-banks-and-banking/12-usc-sect-283/

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