FEDERAL · 12 U.S.C. · Chapter 3
Compensation of directors
Current through Pub. L. 119-102
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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Related
9 to 5 Organization for Women Office Workers v. Board of Governors
721 F.2d 1 (First Circuit, 1983)
9 to 5 Organization for Women Office Workers v. Board of Governors of Federal Reserve System
551 F. Supp. 1006 (D. Massachusetts, 1982)
9to5 Organization for Women Office Workers v. Board of Governors of the Federal Reserve System
527 F. Supp. 1163 (D. Massachusetts, 1981)
Fraternal Order of Police v. Board of Governors of the Federal Reserve System
391 F. Supp. 2d 1 (District of Columbia, 2005)
Source Credit
History
(Dec. 23, 1913, ch. 6, §4 (par.), 38 Stat. 257; Aug. 23, 1935, ch. 614, title II, §203(a), 49 Stat. 704.)
Editorial 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.
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.