1996 US Code
Title 12 - BANKS AND BANKING
CHAPTER 32 - FOREIGN BANK PARTICIPATION IN DOMESTIC MARKETS
Sec. 3109 - Cooperation with foreign supervisors
View Metadata| Publication Title | United States Code, 1994 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 32 - FOREIGN BANK PARTICIPATION IN DOMESTIC MARKETS Sec. 3109 - Cooperation with foreign supervisors |
| Contains | section 3109 |
| Date | 1996 |
| Laws in Effect as of Date | January 6, 1997 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 95-369, §15, as added Pub. L. 102-242, title II, §206, Dec. 19, 1991, 105 Stat. 2294. |
| Statutes at Large Reference | 105 Stat. 2294 |
| Public Law References | Public Law 95-369, Public Law 102-242 |
§3109. Cooperation with foreign supervisors (a) Disclosure of supervisory information to foreign supervisors
Notwithstanding any other provision of law, the Board, Comptroller of the Currency, Federal Deposit Insurance Corporation, and Director of the Office of Thrift Supervision may disclose information obtained in the course of exercising supervisory or examination authority to any foreign bank regulatory or supervisory authority if the Board, Comptroller, Corporation, or Director determines that such disclosure is appropriate and will not prejudice the interests of the United States.
(b) Requirement of confidentialityBefore making any disclosure of any information to a foreign authority, the Board, Comptroller of the Currency, Federal Deposit Insurance Corporation, and Director of the Office of Thrift Supervision shall obtain, to the extent necessary, the agreement of such foreign authority to maintain the confidentiality of such information to the extent possible under applicable law.
(Pub. L. 95–369, §15, as added Pub. L. 102–242, title II, §206, Dec. 19, 1991, 105 Stat. 2294.)
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