12 U.S.C. § 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 .

Related documents

• 42 U.S.C. § 11001 — Establishment of State commissions, planning districts, and local committees#590130
• 38 U.S.C. § 4313 — Reemployment positions#587390
• 12 U.S.C. § 2279aa-10 — Funding for guarantee; reserves of Corporation#564017
• 12 U.S.C. § 2203 — Nomination of association directors; representative selection of nominees#564106
• 38 U.S.C. § 3117 — Employment assistance#587637