12 CFR 931.2 - Issuance of capital stock.

§ 931.2 Issuance of capital stock.
(a) In general. A Bank may issue either one or both classes of its capital stock (including subclasses), as authorized by § 931.1, and shall not issue any other class of capital stock. A Bank shall issue its stock only to its members and only in book-entry form, and the Bank shall act as its own transfer agent. All capital stock shall be issued in accordance with the Bank's capital plan.
(b) Initial issuance. In connection with the initial issuance of its Class A and/or Class B stock (or any subclass of either), a Bank may issue such stock in exchange for its existing stock, through a conversion of its existing stock, or through any other fair and equitable transaction or method of distribution. As part of its initial stock issuance transaction, a Bank may distribute any portion of its then-existing unrestricted retained earnings as shares of Class B stock.
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United States Code

Title 12 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 931 after this date.

  • 2015-03-11; vol. 80 # 47 - Wednesday, March 11, 2015
    1. 80 FR 12753 - Federal Home Loan Bank Capital Stock and Capital Plans
      GPO FDSys XML | Text
      Final rule.
      This final rule will become effective on April 10, 2015.
      12 CFR Parts 931 and 933