II
BANKS ELIGIBLE FOR MEMBERSHIP
A State bank or a trust company to be eligible for membership in a federal reserve bank must comply with the following conditions:
(1) It must have been incorporated under a special or general law of the State or district in which it is located.
(2) It must have a minimum paid-up unimpaired capital stock as follows:
In cities or towns not exceeding 3,000 inhabitants, $25,000.
In cities or towns exceeding 3,000 but not exceeding 6,000 inhabitants, $50,000.
In cities or towns exceeding 6,000 but not exceeding 50,000 inhabitants, $100,000.