1994 US Code
Title 12 - BANKS AND BANKING
CHAPTER 2 - NATIONAL BANKS
SUBCHAPTER II_2 - SUBCHAPTER II-BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Sec. 251 - Modified small business lending disclosure

The Board of Governors of the Federal Reserve System shall collect and publish, on an annual basis, information on the availability of credit to small businesses. The information shall, to the extent practicable—

(1) include information on commercial loans to small businesses, agricultural loans to small farms, and loans to minority-owned small businesses;

(2) be given for categories of small businesses determined by annual sales and for small businesses in existence for less than 1 year; and

(3) be given for each geographic region of the United States.

In collecting the information, the Board of Governors of the Federal Reserve System shall take into consideration the need to minimize reporting costs, if any, on financial institutions.

(Pub. L. 102–242, title IV, §477, Dec. 19, 1991, 105 Stat. 2387; Pub. L. 102–550, title XVI, §1606(i)(3), Oct. 28, 1992, 106 Stat. 4089.)

Section was enacted as part of the Federal Deposit Insurance Corporation Improvement Act of 1991, and not as part of the Federal Reserve Act which comprises this chapter.

1992—Pub. L. 102–550 substituted “Board of Governors of the Federal Reserve System” for “Federal Reserve Board” in introductory and concluding provisions.

Amendment by Pub. L. 102–550 effective as if included in the Federal Deposit Insurance Corporation Improvement Act of 1991, Pub. L. 102–242, as of Dec. 19, 1991, see section 1609(a) of Pub. L. 102–550, set out as a note under section 191 of this title.