{"data":{"id":"us/12-cfr-1277.21","jurisdiction":"us","citation":"12 CFR 1277.21","heading":"Issuance of capital stock.","body":"A Bank may issue either one or both classes of its capital stock (including subclasses), as authorized by § 1277.20, and shall not issue any other class of capital stock. A Bank shall issue its stock only to its members, or to former members to the extent those institutions are required to maintain a minimum stock investment for existing activities under the capital plan, and only in book-entry form. The Bank shall act as its own transfer agent. All capital stock shall be issued in accordance with the Bank's capital plan.","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER D—FEDERAL HOME LOAN BANKS","PART 1277—FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS, CAPITAL STOCK AND CAPITAL PLANS","Subpart C—Bank Capital Stock"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"a24be62bb5b15c66d3e33f20c7d515c9e7a6bec5f510ab06155edc7c918ed978","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1277.20","next":"us/12-cfr-1277.22"},"notice":"GroundRules: Original legal text. Not legal advice."}