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

# §2287. Initial capital


The Secretary of the Treasury is authorized to advance the [funds](/usc/12/4702.md?p=10) necessary to provide initial [capital](/usc/12/51c.md) to the [Bank](/usc/12/1426a.md?p=g-1). 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](/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, 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.)