---
kind: "unit"
title: "12"
title_heading: "Banks and Banking"
key: "ch3/schXVI"
level: "subchapter"
label: "Subchapter XVI"
heading: "Civil Liability of Federal Reserve and Member Banks, Shareholders, and Officers"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/ch3-schXVI"
sections_count: 7
---

# Subchapter XVI — Civil Liability of Federal Reserve and Member Banks, Shareholders, and Officers

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

## Sections

- [§501. Liability of Federal reserve or member bank for certifying check when amount of deposit was inadequate](/usc/12/501.md)
- [§501a. Forfeiture of franchise of national banks for failure to comply with provisions of this chapter](/usc/12/501a.md)
- [§502. Liability of shareholders of Federal reserve banks on contracts, etc.](/usc/12/502.md)
- [§503. Liability of directors and officers of member banks](/usc/12/503.md)
- [§504. Civil money penalty](/usc/12/504.md)
- [§505. Civil money penalty](/usc/12/505.md)
- [§506. Notice after separation from service](/usc/12/506.md)