12 U.S.C. 376: Rate of interest paid to directors, etc.Text contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 12-BANKS AND BANKINGCHAPTER 3-FEDERAL RESERVE SYSTEM
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§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, § 22(e) , as added Sept. 26, 1918, ch. 177, § 5 , 40 Stat. 971 .)