22 U.S.C. § 282p — Capital increases and amendment to the Articles of Agreement

(a) Votes authorized: The U.S. Governor of the Corporation may vote for three separate increases in the Corporation's capital stock. (1) The first turns part of the Corporation's retained earnings into paid-in capital. It raises the authorized stock by 16,999,998 shares. As a result, the United States receives 3,771,899 additional shares — and does not have to pay any cash for them. (2) The second is a general increase in authorized capital stock of 4,579,995 shares. (3) The third is a selective increase in authorized capital stock of 919,998 shares. (b) Amendment of the Articles of Agreement: The Governor may also accept a change to Article II, Section 2(c)(ii) of the Articles of Agreement. This change raises the vote the Board of Governors needs before it can increase the Corporation's capital stock, from a four-fifths majority to an eighty-five percent majority.