Title 22, Foreign Relations and IntercourseRelease 119-102
§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
Summary
Allows the U.S. Fund Governor to ask for and agree to raise the U.S. quota by $1,375,000,000 under Board resolutions of February 2, 1959. It also lets the U.S. Bank Governor vote for that capital increase and, if it takes effect, buy 31,750 shares for the U.S.
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
Aug 21, 2026
Release point: 119-102