---
kind: "section"
citation: "12 U.S.C. § 2287"
title: "12"
title_heading: "Banks and Banking"
number: "2287"
heading: "Initial capital"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/2287"
units:
  - "Chapter 24 — Federal Financing Bank"
---

# §2287. Initial capital


The [Secretary](/usc/12/1715z–22a.md?p=4) of the Treasury is authorized to advance the funds necessary to provide initial capital to the [Bank](/usc/12/2282.md?p=4). Each such advance shall be upon such terms and conditions as to yield a return at a rate not less than a rate determined by the [Secretary](/usc/12/1715z–22a.md?p=4) of the Treasury, taking into consideration the current average yield on outstanding marketable [obligations](/usc/12/2282.md?p=2) of the United States of comparable maturity. Interest payments on such advances may be deferred, at the discretion of the [Secretary](/usc/12/1715z–22a.md?p=4), but any such deferred payments shall themselves bear interest at the rate specified in this section. There is authorized to be appropriated not to exceed $100,000,000, which shall be available for the purposes of this section without fiscal year limitation.


## Source credit

(Pub. L. 93–224, § 8, Dec. 29, 1973, 87 Stat. 939.)