§286zz Capital stock increases

Summary

Allows the United States Governor of the Bank to vote to raise the Bank’s capital in two ways. One is a selective increase of 245,773 shares, with the United States able to subscribe to 42,298 of those shares only if Congress provides the money in advance. The other is a general increase of 230,500 shares, with the United States able to subscribe to 38,662 additional shares only if Congress provides the money in advance. Congress authorizes money, with no fiscal year limit, to pay for those U.S. subscriptions. For the general subscription it authorizes $4,663,990,370 total: $932,798,074 for paid-in shares and $3,731,192,296 for callable shares. For the selective subscription it authorizes $5,102,619,230 total: $306,157,153.80 for paid-in shares and $4,796,462,076.20 for callable shares.