12 U.S.C. § 376

§376. Rate of interest paid to directors, etc.

Edition 2024

U.S.C. Title 12 - BANKS AND BANKING
12 U.S.C.

United States Code, 2024 Edition

Title 12 - BANKS AND BANKING

CHAPTER 3 - FEDERAL RESERVE SYSTEM

SUBCHAPTER X - POWERS AND DUTIES OF MEMBER BANKS

Sec. 376 - Rate of interest paid to directors, etc.

From the U.S. Government Publishing Office, www.gpo.gov

§376. Rate of interest paid to directors, etc.

No member bank shall pay to any director, officer, attorney, or employee a greater rate of interest on the deposits of such director, officer, attorney, or employee than that paid to other depositors on similar deposits with such member bank.

(Dec. 23, 1913, ch. 6, §22(e), as added Sept. 26, 1918, ch. 177, §5, 40 Stat. 971.)

Official source