1994 US Code
Title 12 - BANKS AND BANKING
CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION
Sec. 1816 - Factors to be considered
View Metadata| Publication Title | United States Code, 1994 Edition, 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 16 - FEDERAL DEPOSIT INSURANCE CORPORATION Sec. 1816 - Factors to be considered |
| Contains | section 1816 |
| Date | 1994 |
| Laws in Effect as of Date | January 4, 1995 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Sept. 21, 1950, ch. 967, §2[6], 64 Stat. 876; Aug. 9, 1989, Pub. L. 101-73, title II, §207, 103 Stat. 206. |
| Statutes at Large References | 64 Stat. 876 103 Stat. 206 |
| Public Law References | Public Law 101-73 |
§1816. Factors to be considered
The factors that are required, under section 1814 of this title, to be considered in connection with, and enumerated in, any certificate issued pursuant to section 1814 of this title and that are required, under section 1815 of this title, to be considered by the Board of Directors in connection with any determination by such Board pursuant to section 1815 of this title are the following:
(1) The financial history and condition of the depository institution.
(2) The adequacy of the depository institution's capital structure.
(3) The future earnings prospects of the depository institution.
(4) The general character and fitness of the management of the depository institution.
(5) The risk presented by such depository institution to the Bank Insurance Fund or the Savings Association Insurance Fund.
(6) The convenience and needs of the community to be served by such depository institution.
(7) Whether the depository institution's corporate powers are consistent with the purposes of this chapter.
(Sept. 21, 1950, ch. 967, §2[6], 64 Stat. 876; Aug. 9, 1989, Pub. L. 101–73, title II, §207, 103 Stat. 206.)
Prior ProvisionsSection is derived from subsec. (g) of former section 264 of this title. See Codification note set out under section 1811 of this title.
Amendments1989—Pub. L. 101–73 amended section generally. Prior to amendment, section read as follows: “The factors to be enumerated in the certificate required under section 1814 of this title and to be considered by the Board of Directors under section 1815 of this title shall be the following: The financial history and condition of the bank, the adequacy of its capital structure, its future earnings prospects, the general character of its management, the convenience and needs of the community to be served by the bank, and whether or not its corporate powers are consistent with the purposes of this chapter.”
Section Referred to in Other SectionsThis section is referred to in sections 1815, 1828 of this title.
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