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12 U.S.C. · Banks and Banking
12 U.S.C. § 307

Compensation of directors

Ch. 3 — FEDERAL RESERVE SYSTEM
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 3
Statutory Text

12 U.S.C. § 307 — Compensation of directors

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 3 - FEDERAL RESERVE SYSTEM SUBCHAPTER VII - DIRECTORS OF FEDERAL RESERVE BANKS; RESERVE AGENTS AND ASSISTANTS Sec. 307 - Compensation of directors From the U.S. Government Publishing Office, www.gpo.gov

§307. Compensation of directors

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.)

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.

Source: uscode.house.gov — public domain Official Source ↗
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boisestandard.org
Citation
12 U.S.C. § 307
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The statutory text of 12 U.S.C. § 307 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 3 — FEDERAL RESERVE SYSTEM
12 U.S.C. § 22112 U.S.C. § 221a12 U.S.C. § 22212 U.S.C. § 22312 U.S.C. § 22412 U.S.C. § 22512 U.S.C. § 225a12 U.S.C. § 225b12 U.S.C. § 22612 U.S.C. § 22712 U.S.C. § 22812 U.S.C. § 24112 U.S.C. § 24212 U.S.C. § 24312 U.S.C. § 24412 U.S.C. § 24512 U.S.C. § 24612 U.S.C. § 24712 U.S.C. § 247a12 U.S.C. § 247b12 U.S.C. § 24812 U.S.C. § 248112 U.S.C. § 248a12 U.S.C. § 248b12 U.S.C. § 248c12 U.S.C. § 24912 U.S.C. § 25012 U.S.C. § 25112 U.S.C. § 25212 U.S.C. § 253
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