§ 307. Compensation of directors

165 words·~1 min read·/usc/title-12/section-307

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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.

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

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federal reserve banks

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U.S. Code

Powers and duties of board of directors; suspension of member bank for undue use of bank credit
§ 301

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Dec. 23, 1913, ch. 6, § 4
38 Stat. 257
Aug. 23, 1935, ch. 614
49 Stat. 704

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§ 307

Compensation of directors

Stat. Comp.×1

U.S.C.§ 301

ActDec. 23, 1913, ch. 6, § 4

Stat.38 Stat. 257

ActAug. 23, 1935, ch. 614

Stat.49 Stat. 704

Cites 5Cited by 1 across 1 source