Sets out stock-subscription requirements for all banks joining the Federal Reserve System

Generally, a member bank must subscribe to the capital stock of its District Federal Reserve Bank in an amount equal to 6 percent of the member bank's paid-up capital and surplus and must pay in half of that amount

• The other half is subject to call by the Board of Governors

Applies to both national banks and state member banks

Small Entity Compliance Guide

Index

• 209.1  Authority, purpose, and scope
• 209.2  Banks desiring to become member banks
• 209.3  Cancellation of Reserve Bank stock
• 209.4  Amounts and payments
• 209.5  The share register