12 U.S.C. § 3306 — State liaison
submitted 48 years ago by Pub. L. 95-630 to r/title-12-BANKS-AND-BANKING · 79 words · no verdicts yet
The Council must create a five-member committee of State financial-institution supervisors to promote uniform examination standards. The committee must meet with the Council at least twice a year, and members may receive reasonable meeting expenses.
To encourage State* and Federal supervisory agencies to use uniform examination principles and standards, the Council* must establish a liaison committee. The committee must have five representatives of State agencies that supervise financial institutions, and it must meet with the Council at least twice each year. Members may receive a reasonable allowance for necessary expenses of attending meetings. The members must elect a chairperson from among themselves.
To encourage the application of uniform examination principles and standards by State* and Federal supervisory agencies, the Council* shall establish a liaison committee composed of five representatives of State agencies which supervise financial institutions which shall meet at least twice a year with the Council. Members of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings. Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.
Source credit: (Pub. L. 95–630, title X, § 1007, Nov. 10, 1978, 92 Stat. 3696; Pub. L. 109–351, title VII, § 714(b), Oct. 13, 2006, 120 Stat. 1995.)
- 1978Enacted · Pub. L. 95-630 · 92 Stat. 3696
- 2006Amended · Pub. L. 109-351 · 120 Stat. 1995
A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-630 on 1978-11-10.
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