12 U.S.C. § 283
Title 12
Chapter 3
Current through PL 116-220
~1 min read
Last updated: March 30, 2026
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§ 283. Public subscription to capital stock
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.
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