12 U.S.C. § 281
Section 281 · Capital
This is § 2 of the Federal Reserve Act of 1913
Amended 1 time on record
Applied in 1 court decisions — leading case 87 F. Supp. 3d 33 - Ball v. Board of Governors of the Federal Reserve System (2015)
Most recently applied in 87 F. Supp. 3d 33 - Ball v. Board of Governors of the Federal Reserve System (March 2015)
No Federal reserve bank shall commence business with a subscribed capital less than $4,000,000.