---
kind: "unit"
title: "12"
title_heading: "Banks and Banking"
key: "ch3/schVII"
level: "subchapter"
label: "Subchapter VII"
heading: "Directors of Federal Reserve Banks; Reserve Agents and Assistants"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/ch3-schVII"
sections_count: 8
---

# Subchapter VII — Directors of Federal Reserve Banks; Reserve Agents and Assistants

Title 12 — Banks and Banking › Chapter 3 — Federal Reserve System

## Sections

- [§301. Powers and duties of board of directors; suspension of member bank for undue use of bank credit](/usc/12/301.md)
- [§302. Number of members; classes](/usc/12/302.md)
- [§303. Qualifications and disabilities](/usc/12/303.md)
- [§304. Class A and class B directors; selection](/usc/12/304.md)
- [§305. Class C directors; selection; “Federal reserve agent”](/usc/12/305.md)
- [§306. Assistants to Federal reserve agent](/usc/12/306.md)
- [§307. Compensation of directors](/usc/12/307.md)
- [§308. Terms of directors; vacancies](/usc/12/308.md)