---
type: "LegalText"
title: "12 U.S.C. § 376"
description: "Rate of interest paid to directors, etc."
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "3"
chapter_name: "FEDERAL RESERVE SYSTEM"
section: "376"
citation: "12 U.S.C. § 376"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
source_identifier: "/us/usc/t12/s376"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "8ce8e4f19cbe29ac257007c56230a3c4e4bd4cf2dbc8ed21fc7371ac44181137"
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
text_hash: "dbbe4e9430a290b537c345976f7172466e652a87738bee0354ca93172c0c2807"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

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

## Text

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.)