StacksVerified U.S. federal law reference

12 U.S.C. § 376 — Rate of interest paid to directors, etc.

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
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.