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12 U.S.C. 281: CapitalText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 12-BANKS AND BANKINGCHAPTER 3-FEDERAL RESERVE SYSTEM
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§281. Capital

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

( 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 Dec. 23, 1913. Some of the other provisions of the thirteenth par. are classified to section 224 of this title, 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 section 222 of this title.