2016 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter VII - Directors of Federal Reserve Banks; Reserve Agents and Assistants
Sec. 303 - Qualifications and disabilities
| 12 U.S.C. § 303 (2016) |
| §303. Qualifications and disabilities |
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No Senator or Representative in Congress shall be a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Federal reserve bank. No director of class B shall be an officer, director, or employee of any bank. No director of class C shall be an officer, director, employee, or stockholder of any bank. |
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(Dec. 23, 1913, ch. 6, §4 (pars.), 38 Stat. 255; Aug. 23, 1935, ch. 614, title II, §203(a), 49 Stat. 704.) |
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CODIFICATION
Section is comprised of pars. 13 to 15 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. CHANGE OF NAMESection 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System. |
| United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 3 - FEDERAL RESERVE SYSTEM SUBCHAPTER VII - DIRECTORS OF FEDERAL RESERVE BANKS; RESERVE AGENTS AND ASSISTANTS Sec. 303 - Qualifications and disabilities |
| section 303 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 38 Stat. 255 49 Stat. 704 |
