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12 U.S.C. § 376

U.S. CodeFederal
Rate of interest paid to directors, etc.
About This Law
/us/usc/t12/s376
Title
12 — Banks and Banking
Chapter
CH3
Release
119-84
Release Date
2026-04-17

Section Text

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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.)

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