12 USC § 281 - Capital

---
identifier: "/us/usc/t12/s281"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 281 - Capital"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "281"
section_name: "Capital"
chapter_number: 3
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "VI"
subchapter_name: "CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND EARNINGS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Dec. 23, 1913, ch. 6, § 2 (part), 38 Stat. 253.)"
---


# § 281. Capital

No Federal reserve bank shall commence business with a subscribed capital less than $4,000,000.

---

**Source Credit**: (Dec. 23, 1913, ch. 6, § 2 (part), 38 Stat. 253.)

## Editorial Notes

### Codification

Section is comprised of part of the thirteenth par. of section 2 of act . Some of the other provisions of the thirteenth par. are classified to , and some were not included in the Code. For classification of other pars. of section 2 of this Act, see Codification note set out under .