Title 12 — Banks 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
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
Citations & Metadata
Citation
12 U.S.C. § 376
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73