12 USC § 283 - Public subscription to capital stock

---
identifier: "/us/usc/t12/s283"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 283 - Public subscription to capital stock"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "283"
section_name: "Public subscription to capital stock"
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 (par.), 38 Stat. 253.)"
---


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

## Editorial Notes

### Codification

Section is comprised of the ninth par. of section 2 of act . For classification of other pars. of section 2 of this Act, see Codification note set out under .