NATIONAL BANK ORGANIZATION 
i detailed steps in the organization of a national bank are 
as follows: 
|—Determination of amount of bank’s capital. 
2—Organization application. 
"—Disposal of capital stock. 
-Execution of Articles of Association. 
—Execution of Organization Certificate. 
—Election of directors. 
-~Appointment of officers. 
3—Initial payment of capital. 
9—Beginning business. 
10—Subscription to stock in Federal Reserve Bank. 
11—Payment of balance of capital. 
These steps, herein summarized, are described in full detail in the 
instructions of the Comptroller of the Currency relative to the organ- 
ization and powers of national banks, copies of which may be had at 
a very nominal cost. Those contemplating the organization of a 
national bank should familiarize themselves with the National Bank 
Act, copies of which may be obtained from the Superintendent of 
Documents, Government Printing Office, Washington, D. C. 
1. Amount of capital—Since it is necessary to state the amount of 
any proposed national bank’s capital in the first formal communica- 
tion to the Comptroller of the Currency, the determination of the 
amount of this capital may properly be said to be the first preliminary 
step in national bank organization. 
The capital necessary for the organization of a national bank is: 
IN CITIES WITH POPULATION OF 
Not more than 8,000... 
1] “ “© 6,000 0 
i “© I 50,000 3 
Over 50.000. . . 
Fe Tn 
MINIMUM CAPITAL 
ee... $25,000 
.. 50,000 
.. 100,000 
1900.000 
! In the outlying districts of this class of city where State laws permit the organization 
of State banks with capital of $100,000 or less, national banks may, with the approval 
of the Comptroller of the Currency, have capital of not less than $100,000. 
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