12 U.S.C. § 482 — Employees of Office of Comptroller of the Currency; appointment; compensation and benefits
submitted 151 years ago by Pub. L. 101-73 to r/title-12-BANKS-AND-BANKING · 222 words · no verdicts yet
The Comptroller of the Currency controls hiring, pay, and duties for all employees of that office. The Comptroller can match pay and benefits given by other federal bank regulators. The Comptroller can also charge banks fees to cover the office's expenses.
Even though section 481 of this title and section 301(f)(1) of title 31 say otherwise, the Comptroller of the Currency sets the pay and the number of, and appoints and directs, all employees of the Office of the Comptroller of the Currency. This power is subject to chapter 71 of title 5 (the federal labor-relations law).
The Comptroller may set and adjust basic pay rates for all Office employees without following chapter 51 or subchapter III of chapter 53 of title 5 (the general federal pay-scale rules).
The Comptroller may give Office employees extra pay or benefits if another federal bank regulatory agency already offers that same type of pay or benefit — or could offer it under existing law, rule, or regulation. When setting or adjusting the total pay and benefits for Office employees, the Comptroller must consult with other federal banking agencies and try to keep pay comparable to theirs.
The Comptroller may impose and collect assessments, fees, or other charges as needed to carry out the Office's responsibilities. These charges must be set at a level that covers the Comptroller's expenses for authorized activities.
Notwithstanding any of the provisions of section 481 of this title or section 301(f)(1) of title 31 to the contrary, the Comptroller of the Currency shall, subject to chapter 71 of title 5, fix the compensation and number of, and appoint and direct, all employees of the Office of the Comptroller of the Currency. Rates of basic pay for all employees of the Office may be set and adjusted by the Comptroller without regard to the provisions of chapter 51 or subchapter III of chapter 53 of title 5. The Comptroller may provide additional compensation and benefits to employees of the Office if the same type of compensation or benefits are then being provided by any other Federal bank regulatory agency or, if not then being provided, could be provided by such an agency under applicable provisions of law, rule, or regulation. In setting and adjusting the total amount of compensation and benefits for employees of the Office, the Comptroller shall consult with, and seek to maintain comparability with, other Federal banking agencies.
The Comptroller of the Currency may impose and collect assessments, fees, or other charges as necessary or appropriate to carry out the responsibilities of the office 1 of the Comptroller. Such assessments, fees, and other charges shall be set to meet the Comptroller’s expenses in carrying out authorized activities.
Source credit: (R.S. § 5240 (pars.); Feb. 19, 1875, ch. 89, 18 Stat. 329; Dec. 23, 1913, ch. 6, § 21, 38 Stat. 272; July 2, 1932, ch. 392, 47 Stat. 568; Aug. 23, 1935, ch. 614, title III, § 343, 49 Stat. 722; Apr. 30, 1956, ch. 228, §§ 2, 3, 70 Stat. 124; Pub. L. 101–73, title XII, § 1202, Aug. 9, 1989, 103 Stat. 520; Pub. L. 102–242, title I, § 114(a), Dec. 19, 1991, 105 Stat. 2248; Pub. L. 102–550, title XVI, § 1603(b)(5), Oct. 28, 1992, 106 Stat. 4079; Pub. L. 103–325, title III, § 331(b)(1), Sept. 23, 1994, 108 Stat. 2232; Pub. L. 111–203, title III, § 318(a)(2), July 21, 2010, 124 Stat. 1526.)
- 1875Enacted · Act of Feb. 19, 1875, ch. 89 · 18 Stat. 329
- 1913Amended · Act of Dec. 23, 1913, ch. 6 · 38 Stat. 272
- 1932Amended · Act of July 2, 1932, ch. 392 · 47 Stat. 568
- 1935Amended · Act of Aug. 23, 1935, ch. 614 · 49 Stat. 722
- 1956Amended · Act of Apr. 30, 1956, ch. 228 · 70 Stat. 124
- 1989Amended · Pub. L. 101-73 · 103 Stat. 520
- 1991Amended · Pub. L. 102-242 · 105 Stat. 2248
- 1992Amended · Pub. L. 102-550 · 106 Stat. 4079
- 1994Amended · Pub. L. 103-325 · 108 Stat. 2232
- 2010Amended · Pub. L. 111-203 · 124 Stat. 1526
A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-73 on 1875-02-19.
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