12 USC § 376 - Rate of interest paid to directors, etc.

---
identifier: "/us/usc/t12/s376"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 376 - Rate of interest paid to directors, etc."
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "376"
section_name: "Rate of interest paid to directors, etc."
chapter_number: 3
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "X"
subchapter_name: "POWERS AND DUTIES OF MEMBER BANKS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Dec. 23, 1913, ch. 6, § 22(e), as added Sept. 26, 1918, ch. 177, § 5, 40 Stat. 971.)"
---


# § 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.

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**Source Credit**: (Dec. 23, 1913, ch. 6, § 22(e), as added Sept. 26, 1918, ch. 177, § 5, 40 Stat. 971.)