The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts, dividend requirements as hereinbefore provided, and the par value of the stock, shall be paid to and become the property of the United States and shall be similarly applied.
Structure US Code
CHAPTER 3— FEDERAL RESERVE SYSTEM
SUBCHAPTER VI— CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND EARNINGS
§ 282. Subscription to capital stock by national banking association
§ 283. Public subscription to capital stock
§ 286. Transfers of stock; rules and regulations
§ 289. Dividends and surplus funds of reserve banks; transfer for fiscal year 2000