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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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type title description jurisdiction corpus kind title_number title_name chapter_number chapter_name section citation status release_point release_date source source_url source_identifier source_file source_hash raw_snapshot_hash text_hash retrieved_at confidence tags
LegalText 12 U.S.C. § 307 Compensation of directors us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 307 12 U.S.C. § 307 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/s307 data/legal/raw/us/code/title-12/usc12.xml f2dffb488549282e1de0e63afe9228bcf3dbe576fc702fc07eec7eae6debca02 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa e8846d01f0cf4b8d6941b95f621a1f9b5926b5d4a4ead8c6f4d0e8b69c9a9243 2026-07-04 official
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12 U.S.C. § 307 - Compensation of directors

Text

Directors of Federal reserve banks shall receive, in addition to any compensation otherwise provided, a reasonable allowance for necessary expenses in attending meetings of their respective boards, which amount shall be paid by the respective Federal reserve banks. Any compensation that may be provided by boards of directors of Federal reserve banks for directors, officers or employees shall be subject to the approval of the Board of Governors of the Federal Reserve System.

(Dec. 23, 1913, ch. 6, § 4 (par.), 38 Stat. 257; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.)

Notes

Editorial Notes

Codification Section is comprised of par. 24 of section 4 of act Dec. 23, 1913. 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.