§ 376. — Rate of interest paid to directors, etc.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC376]
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.
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, Sec. 22(e), as added Sept. 26, 1918, ch. 177,
Sec. 5, 40 Stat. 971.)
Section Referred to in Other Sections
This section is referred to in sections 503, 504 of this title.
