Page 123 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 286e–1d

former Title 31, Money and Finance. Section 822a(c) of

former Title 31 was repealed and reenacted as section

5302(d) of Title 31 by Pub. L. 97–258, §4(a), Sept. 13, 1982,

96 Stat. 1067, the first section of which enacted Title 31.

CODIFICATION

In first and second pars., ‘‘chapter 31 of title 31’’ and

‘‘that chapter’’ substituted for ‘‘the Second Liberty

Bond Act, as amended’’ and ‘‘that Act’’, respectively,

on authority of Pub. L. 97–258, §4(b), Sept. 13, 1982, 96

Stat. 1067, the first section of which enacted Title 31,

Money and Finance.

Section is based on subsecs. (b) to (d) of section 7 of

act July 31, 1945. Subsec. (a) of section 7 amended section 822a of former Title 31. See References in Text note

above.

AMENDMENTS

1962—Pub. L. 87–490 included in the limitation of face

amount of special notes issued to the Fund the dollar

equivalent of currencies and gold which the United

States shall have purchased from the Fund in accordance with the Articles of Agreement.

1959—Pub. L. 86–48 struck out ‘‘of $950,000,000’’ after

‘‘is authorized to pay the balance’’, and substituted

‘‘$8,675,000,000’’ for ‘‘not to exceed $4,125,000,000’’.

INCREASE IN QUOTA OF UNITED STATES; APPROPRIATION

REQUIREMENTS; TRANSFERS AND CREDITS; RESTRICTIONS

Pub. L. 96–544, Dec. 17, 1980, 94 Stat. 3213, provided

that: ‘‘For an increase in the United States quota in

the International Monetary Fund, the dollar equivalent

of 4,202.5 million Special Drawing Rights (approximately $5,537,839,000), to remain available until expended, and balances equivalent to the current SDR

value of the United States quota in the Fund shall be

merged with this appropriation. Amounts equivalent to

the United States reserve position in the Fund shall be

credited to this appropriation. Amounts available in

this account may be transferred to the Fund by the

Secretary of the Treasury to meet United States obligations in the Fund in an amount not to exceed at any

time the United States quota in the Fund. The

amounts provided for valuation adjustments of Fund

holdings of United States dollars shall continue to be

available for this purpose and shall be available for

transfers to this appropriation account for the purpose

of such adjustments. In the administration of these

funds it shall be the policy of the United States:

‘‘(1) that the Palestine Liberation Organization

should not be given membership in the Fund or be

given observer status or any other official status at

any meeting sponsored by or associated with the

Fund;

‘‘(2) that the United States Executive Director of

the Fund shall promptly notify the Fund of such policy;

‘‘(3) that in the event that the Fund provides either

membership, observer status, or any other official

status to the Palestine Liberation Organization, such

action would result in a serious diminution of United

States support; and

‘‘(4) that upon review of such action, the President

would be required to report his recommendations to

the Congress with regard to any further United

States participation in the Fund.’’

§ 286e–1. Increase in quota of United States and

in capital stock of Bank; subscription to additional shares

(a) The United States Governor of the Fund is

authorized to request and consent to an increase

of $1,375,000,000 in the quota of the United States

under article III, section 2, of the articles of

agreement of the Fund, as proposed in the resolution of the Board of Governors of the Fund

dated February 2, 1959.

(b) The United States Governor of the Bank is

authorized (1) to vote for increases in the capital

stock of the Bank under article II, section 2, of

the articles of agreement of the Bank, as recommended in the resolution of the Board of Governors of the Bank dated February 2, 1959, and

(2) if such increases become effective, to subscribe on behalf of the United States to thirtyone thousand seven hundred and fifty additional

shares of stock under article II, section 3, of the

articles of agreement of the Bank.

(July 31, 1945, ch. 339, §16, as added Pub. L. 86–48,

§1, June 17, 1959, 73 Stat. 80.)

§ 286e–1a. Increase in capital stock of Bank

The United States Governor of the Bank is authorized to vote for an increase of $1,000,000,000

in the authorized capital stock of the Bank

under article II, section 2, of the articles of

agreement of the Bank, as recommended in the

report, dated November 6, 1962, to the Board of

Governors of the Bank by the Bank’s Executive

Directors.

(July 31, 1945, ch. 339, §19, as added Pub. L.

88–178, Nov. 13, 1963, 77 Stat. 334.)

§ 286e–1b. Increase in quota of United States; authorization of appropriations

(a) The United States Governor of the Fund is

authorized to consent to an increase of

$1,035,000,000 in the quota of the United States in

the Fund.

(b) In order to pay the increase in the United

States subscription to the Fund provided for in

this section, there is hereby authorized to be appropriated $1,035,000,000, to remain available

until expended.

(July 31, 1945, ch. 339, §20, as added Pub. L. 89–31,

June 2, 1965, 79 Stat. 119.)

§ 286e–1c. Additional increase in quota of United

States

(a) The United States Governor of the Fund is

authorized to consent to an increase of

$1,540,000,000 in the quota of the United States in

the Fund.

(b) In order to pay the increase in the United

States quota in the Fund provided for in this

section, there is hereby authorized to be appropriated $1,540,000,000, to remain available until

expended.

(July 31, 1945, ch. 339, §22, as added Pub. L.

91–599, ch. 1, §1, Dec. 30, 1970, 84 Stat. 1657.)

§ 286e–1d. Increase in capital stock of Bank; subscription to additional shares; authorization

of appropriations

(a) The United States Governor of the Bank is

authorized (1) to vote for an increase of

$3,000,000,000 in the authorized capital stock of

the Bank, and (2) if such increase becomes effective, to subscribe on behalf of the United States

to two thousand four hundred and sixty-one additional shares of the capital stock of the Bank.

(b) In order to pay for the increase in the

United States subscription to the Bank provided

for in this section, there is hereby authorized to

be appropriated $246,100,000 to remain available

until expended.