Title 12Banks and BankingRelease 119-73

§376 Rate of interest paid to directors, etc.

Title 12 › Chapter CHAPTER 3— - FEDERAL RESERVE SYSTEM › Subchapter SUBCHAPTER X— - POWERS AND DUTIES OF MEMBER BANKS › § 376

Last updated Apr 6, 2026|Official source

Full Legal Text

Title 12, §376

Banks and Banking — Source: USLM XML via OLRC

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.

Reference

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Citation

12 U.S.C. § 376

Title 12Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73