2020 US Code
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
| 12 U.S.C. § 307 (2020) |
| §307. Compensation of directors |
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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. |
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(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. |
| United States Code, 2018 Edition, Supplement 2, 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. 307 - Compensation of directors |
| section 307 |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 38 Stat. 257 49 Stat. 704 |
