Title 22 — Foreign Relations and IntercourseRelease 119-73
§286e–1 Increase in quota of United States and in capital stock of Bank; subscription to additional shares
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XV— - INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286e–1
Summary
Authorizes the U.S. Governor of the Fund to ask for and agree to a $1,375,000,000 increase in the U.S. quota under art. III, sec. 2, as proposed February 2, 1959. It also lets the U.S. Governor of the Bank vote for the capital increase recommended February 2, 1959, and, if effective, subscribe 31,750 shares for the United States under art. II, sec. 3.
Full Legal Text
Title 22, §286e–1
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)The United States Governor of the Fund is authorized to request and consent to an increase of $1,375,000,000 in the quota of the United States under article III, section 2, of the articles of agreement of the Fund, as proposed in the resolution of the Board of Governors of the Fund dated February 2, 1959.
(b)The United States Governor of the Bank is authorized (1) to vote for increases in the capital stock of the Bank under article II, section 2, of the articles of agreement of the Bank, as recommended in the resolution of the Board of Governors of the Bank dated February 2, 1959, and (2) if such increases become effective, to subscribe on behalf of the United States to thirty-one thousand seven hundred and fifty additional shares of stock under article II, section 3, of the articles of agreement of the Bank.
Reference
Citations & Metadata
Citation
22 U.S.C. § 286e–1
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73