Title 12 — Banks and BankingRelease 119-73not60
§283 Public Subscription to Capital Stock
Title 12 › Chapter 3— FEDERAL RESERVE SYSTEM › Subchapter VI— CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND EARNINGS › § 283
Summary
People or entities that are not member banks may not hold more than $25,000 par value in any Federal Reserve Bank; that stock is called public stock and transfers are entered on the bank’s books by the chairman.
Full Legal Text
Title 12, §283
Banks and Banking — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section is comprised of the ninth par. of section 2 of act Dec. 23, 1913. For classification of other pars. of section 2 of this Act, see Codification note set out under section 222 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 283
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60