12 U.S.C. § 281
Capital
No Federal reserve bank shall commence business with a subscribed capital less than $4,000,000.
Notes of Decisions
Cited in 1
case, 2015–2015 · leading case: Ball v. Bd. of Governors of the Fed. Reserve Sys., 87 F. Supp. 3d 33 (D.D.C. 2015).
Ball v. Bd. of Governors of the Fed. Reserve Sys., 87 F. Supp. 3d 33 (D.D.C. 2015). “12 U.S.C. § 281 . FRBs may receive deposits, make advances on promissory notes, buy and sell debentures, and buy and sell bonds and notes.”
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