Thread Starter: BrianC
Title: Re: Special Terms and Rate for One CD Account
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RockyP, the answer changes for employees, officers and directors.
Sec. 376 [Federal Reserve Act, Sec. 22]
Interest on deposits of directors, officers, and employees (e) 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.
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