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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 306 Assistants to Federal reserve agent us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 306 12 U.S.C. § 306 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s306 data/legal/raw/us/code/title-12/usc12.xml 3b97402601c049bfeb5bb390fbce764243d91ea349ced550c36e4ccf4e56fdf8 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 260e33cc4e28a93a3aa74a5df8505f5aa0758c39b4bd217c52a2e9ce86e0e2cc 2026-07-04 official
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12 U.S.C. § 306 - Assistants to Federal reserve agent

Text

Subject to the approval of the Board of Governors of the Federal Reserve System, the Federal reserve agent shall appoint one or more assistants. Such assistants, who shall be persons of tested banking experience, shall assist the Federal reserve agent in the performance of his duties and shall also have power to act in his name and stead during his absence or disability. The Board of Governors of the Federal Reserve System shall require such bonds of the assistant Federal reserve agents as it may deem necessary for the protection of the United States. Assistants to the Federal reserve agent shall receive an annual compensation, to be fixed and paid in the same manner as that of the Federal reserve agent.

(Dec. 23, 1913, ch. 6, § 4 (par.), as added June 21, 1917, ch. 32, § 2, 40 Stat. 232; amended Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.)

Notes

Editorial Notes

Codification Section is comprised of par. 23 of section 4 of act Dec. 23, 1913, as added June 21, 1917. For classification to this title of other pars. of section 4, see Codification note set out under section 301 of this title.

Statutory Notes and Related Subsidiaries

Change of Name Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.