12 U.S.C. § 5401 — Purposes
submitted 16 years ago by Pub. L. 111-203 to r/title-12-BANKS-AND-BANKING · 80 words · no verdicts yet
This section states four purposes for the title: safe banking, protection of the Federal-State dual system, fair supervision, and simpler supervision of depository institutions and their holding companies.
The purposes of this title are: (1) to support safe and sound operation of the United States banking system; (2) to preserve and protect the dual system of Federal- and State*-chartered depository institutions; (3) to ensure fair and appropriate supervision of every depository institution regardless of its charter’s size or type; and (4) to streamline and rationalize supervision of depository institutions and their holding companies.
The purposes of this title 1 are—
to provide for the safe and sound operation of the banking system of the United States;
to preserve and protect the dual system of Federal and State*-chartered depository institutions;
to ensure the fair and appropriate supervision of each depository institution, regardless of the size or type of charter of the depository institution; and
to streamline and rationalize the supervision of depository institutions and the holding companies of depository institutions.
Source credit: (Pub. L. 111–203, title III, § 301, July 21, 2010, 124 Stat. 1520.)
- 2010Enacted · Pub. L. 111-203 · 124 Stat. 1520
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-203 on 2010-07-21.
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