Public Law 119-102 (07/12/2026)

12 U.S.C. § 376

Rate of interest paid to directors, etc.

Section text and notes

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) Sept. 26, 1918, ch. 177, § 5 40 Stat. 971 (, as added , .)