12 U.S.C. § 2287 : US Code - Section 2287: Initial capital

Search 12 U.S.C. § 2287 : US Code - Section 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.