
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC283]

 
                       TITLE 12--BANKS AND BANKING
 
                    CHAPTER 3--FEDERAL RESERVE SYSTEM
 
SUBCHAPTER VI--CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND 
                                EARNINGS
 
Sec. 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.

(Dec. 23, 1913, ch. 6, Sec. 2, 38 Stat. 253.)

                  Section Referred to in Other Sections

    This section is referred to in section 481 of this title.
