Title 12 — Banks and BankingRelease 119-73not60
§376 Rate of Interest Paid to Directors, Etc.
Title 12 › Chapter 3— FEDERAL RESERVE SYSTEM › Subchapter X— POWERS AND DUTIES OF MEMBER BANKS › § 376
Summary
A member bank must not pay insiders higher interest on deposits than it pays other similar depositors.
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 3, 2026
Release point: 119-73not60