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12 U.S.C. § 3906Collection and disclosure of international lending data

submitted 43 years ago by Pub. L. 98-181 to r/title-12-BANKS-AND-BANKING · 115 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses Collection and disclosure of international lending data. It states the duties, permissions, limits, and exceptions set out in the section.

(a) Submission of information to Federal banking agencies Each appropriate Federal banking agency must require, by regulation, each banking institution with foreign country exposure to submit, no fewer than four times each calendar year, information regarding such exposure in a format prescribed by such regulations. (b) Disclosure of information to the public Each appropriate Federal banking agency must require, by regulation, banking institutions to disclose to the public information regarding material foreign country exposure in relation to assets and to capital. (c) Regulations and orders of Federal banking agencies The appropriate Federal banking agencies must issue regulations or orders necessary to implement this section within one hundred and twenty days after November 30, 1983 .
the actual law source: uscode.house.gov ↗public domain
(a) Submission of information to Federal banking agencies

Each appropriate Federal banking agency shall require, by regulation, each banking institution with foreign country exposure to submit, no fewer than four times each calendar year, information regarding such exposure in a format prescribed by such regulations.

(b) Disclosure of information to the public

Each appropriate Federal banking agency shall require, by regulation, banking institutions to disclose to the public information regarding material foreign country exposure in relation to assets and to capital.

(c) Regulations and orders of Federal banking agencies

The appropriate Federal banking agencies shall promulgate regulations or orders necessary to implement this section within one hundred and twenty days after November 30, 1983.

Source credit: (Pub. L. 98–181, title I [title IX, § 907], Nov. 30, 1983, 97 Stat. 1280.)

history & why it existsrecord from the source credit
  • 1983Enacted · Pub. L. 98-181 · 97 Stat. 1280

A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-181 on 1983-11-30.

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