---
kind: "section"
citation: "12 U.S.C. § 283"
title: "12"
title_heading: "Banks and Banking"
number: "283"
heading: "Public subscription to capital stock"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/283"
units:
  - "Chapter 3 — Federal Reserve System"
  - "Subchapter VI — Capital and Stock of Federal Reserve Banks; Dividends and Earnings"
---

# §283. Public subscription to capital stock


No individual, copartnership, or corporation other than a [member bank](/usc/12/221a.md?p=a) of its [district](/usc/12/221a.md?p=a) 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](/usc/12/221a.md?p=a). Such stock shall be known as public stock and may be transferred on the books of the Federal [reserve bank](/usc/12/221a.md?p=a) by the chairman of the [board](/usc/12/221a.md?p=a) of [directors](/usc/12/5481.md?p=10) of such bank.


## Source credit

(Dec. 23, 1913, ch. 6, § 2 (par.), 38 Stat. 253.)

## Notes

### Editorial Notes

### Codification

Section is comprised of the ninth par. of section 2 of act Dec. 23, 1913. For classification of other pars. of section 2 of this Act, see Codification note set out under section 222 of this title.