12 U.S.C. § 281

Capital

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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. Board of Governors of the Federal Reserve System
Ball v. Board of Governors of the Federal Reserve System (2015) dcd “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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