12 U.S.C. § 211 — Rules and regulations

submitted 93 years ago by ch. 1 to r/title-12-BANKS-AND-BANKING · 81 words · no verdicts yet

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This law lets the Comptroller of the Currency write rules for this Act. The Comptroller can make any rules needed to carry out this Act. When the FDIC is acting as conservator of a bank, the Comptroller's rules must line up with the FDIC's own rules under federal deposit insurance law.

(a) In general. The Comptroller of the Currency can prescribe whatever rules and regulations the Comptroller decides are necessary to carry out this Act. (b) F.D.I.C. as conservator. In any case where the Federal Deposit Insurance Corporation is the conservator, any rules or regulations the Comptroller prescribes must be consistent with any rules and regulations the Federal Deposit Insurance Corporation prescribes under the Federal Deposit Insurance Act.

the actual law source: uscode.house.gov ↗public domain

(a) In general

The Comptroller of the Currency may prescribe such rules and regulations as the Comptroller may deem necessary to carry out the provisions of this Act.

(b) F.D.I.C. as conservator

In any case in which the Federal Deposit Insurance Corporation is the conservator, any rules or regulations prescribed by the Comptroller shall be consistent with any rules and regulations prescribed by the Federal Deposit Insurance Corporation pursuant to the Federal Deposit Insurance Act [12 U.S.C. 1811 et seq.].

Source credit: (Mar. 9, 1933, ch. 1, title II, § 211, 48 Stat. 5; Pub. L. 101–73, title VIII, § 807, Aug. 9, 1989, 103 Stat. 446.)

history & why it existsrecord from the source credit

1933Enacted · Act of Mar. 9, 1933, ch. 1 · 48 Stat. 5
1989Amended · Pub. L. 101-73 · 103 Stat. 446

A history note hasn’t been published yet. The record shows enactment by ch. 1 on 1933-03-09.

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