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12 U.S.C. § 3911 — Equal representation for Federal Deposit Insurance Corporation and the Office of Thrift Supervision

submitted 43 years ago by Pub. L. 98-181 to r/title-12-BANKS-AND-BANKING · 140 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Federal Deposit Insurance Corporation and the Office of Thrift Supervision must receive equal representation with the listed federal banking agencies on the specified international committee.

(a) In general As one of the 4 Federal bank regulatory and supervisory agencies, and as the insurer of the United States banks involved in international lending, the Federal Deposit Insurance Corporation must be given equal representation with the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency on the Committee on Banking Regulations and Supervisory Practices of the Group of Ten Countries and Switzerland. (b) Office of Thrift Supervision As one of the 4 Federal bank regulatory and supervisory agencies, the Office of Thrift Supervision must be given equal representation with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on the Committee on Banking Regulations and Supervisory Practices of the Group of Ten Countries and Switzerland.

the actual law source: uscode.house.gov ↗public domain
(a) In general

As one of the 4 Federal bank regulatory and supervisory agencies, and as the insurer of the United States banks involved in international lending, the Federal Deposit Insurance Corporation shall be given equal representation with the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency on the Committee on Banking Regulations and Supervisory Practices of the Group of Ten Countries and Switzerland.

(b) Office of Thrift Supervision

As one of the 4 Federal bank regulatory and supervisory agencies, the Office of Thrift Supervision shall be given equal representation with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on the Committee on Banking Regulations and Supervisory Practices of the Group of Ten Countries and Switzerland.

Source credit: (Pub. L. 98–181, title I [title IX, § 912], Nov. 30, 1983, 97 Stat. 1284; Pub. L. 109–351, title VII, § 713(a), Oct. 13, 2006, 120 Stat. 1995.)

history & why it existsrecord from the source credit
  • 1983Enacted · Pub. L. 98-181 · 97 Stat. 1284
  • 2006Amended · Pub. L. 109-351 · 120 Stat. 1995

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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