I think there is the occasional issue that applies to one without a corresponding requirement applicable to another, like this:
12 U.S.C. Sec. 376 says, Rate of interest paid to directors, etc.
Sec. 376 [Federal Reserve Act, Sec. 22] No member bank shall pay to any director, officer, attorney, or employee a greater rate of interest on the deposits of such director, officer, attorney, or employee than that paid to other depositors on similar deposits with such member bank.
If its a nonmember bank, is there any corresponding requirement?
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AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell