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12 U.S.C. · Banks and Banking
12 U.S.C. § 2287

Initial capital

Ch. 24 — FEDERAL FINANCING BANK
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 24
Statutory Text

12 U.S.C. § 2287 — Initial capital

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 24 - FEDERAL FINANCING BANK Sec. 2287 - Initial capital From the U.S. Government Publishing Office, www.gpo.gov

§2287. Initial capital

The Secretary of the Treasury is authorized to advance the funds necessary to provide initial capital to the Bank. 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 of the Treasury, taking into consideration the current average yield on outstanding marketable obligations of the United States of comparable maturity. Interest payments on such advances may be deferred, at the discretion of the Secretary, 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.

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

Source: uscode.house.gov — public domain Official Source ↗
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◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC12-SEC-2EE9FA
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
12 U.S.C. § 2287
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
a2e8d8366e52f6c6...
Semantic Edges
Pending — corpus passes queued
The statutory text of 12 U.S.C. § 2287 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 12 U.S.C. § 2286 12 U.S.C. § 2288 →
Ch. 24 — FEDERAL FINANCING BANK
12 U.S.C. § 228112 U.S.C. § 228212 U.S.C. § 228312 U.S.C. § 228412 U.S.C. § 228512 U.S.C. § 2285a12 U.S.C. § 228612 U.S.C. § 228712 U.S.C. § 228812 U.S.C. § 228912 U.S.C. § 229012 U.S.C. § 229112 U.S.C. § 229212 U.S.C. § 229312 U.S.C. § 229412 U.S.C. § 2294a12 U.S.C. § 229512 U.S.C. § 2296
12 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 12 → 12 U.S.C. § 2287