Title 22, Foreign Relations and IntercourseRelease 119-73not60

§286e–1 Increase in Quota of United States and in Capital Stock of Bank; Subscription to Additional Shares

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XV— INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286e–1

Last updated Apr 5, 2026|Official source

Summary

Allows the United States Governor of the Fund to ask for and agree to raise the United States quota in the Fund by $1,375,000,000, as the Fund’s Board of Governors proposed on February 2, 1959. It also lets the United States Governor of the Bank vote for the Bank’s capital increase recommended by its Board on February 2, 1959, and, if that increase takes effect, to subscribe for 31,750 additional shares of the Bank on behalf of the United States.

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 5, 2026

Release point: 119-73not60