2016 US Code
Title 12 - Banks and Banking
Chapter 34 - Federal Financial Institutions Examination Council
Sec. 3301 - Declaration of purpose
| 12 U.S.C. § 3301 (2016) |
| §3301. Declaration of purpose |
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It is the purpose of this chapter to establish a Financial Institutions Examination Council which shall prescribe uniform principles and standards for the Federal examination of financial institutions by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Federal Home Loan Bank Board, and the National Credit Union Administration and make recommendations to promote uniformity in the supervision of these financial institutions. The Council's actions shall be designed to promote consistency in such examination and to insure progressive and vigilant supervision. |
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(Pub. L. 95–630, title X, §1002, Nov. 10, 1978, 92 Stat. 3694.) |
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EFFECTIVE DATE
Section effective upon the expiration of 120 days after Nov. 10, 1978, see section 2101 of Pub. L. 95–630, set out as a note under section 375b of this title. SHORT TITLEPub. L. 95–630, title X, §1001, Nov. 10, 1978, 92 Stat. 3694, provided that: "This title [enacting this chapter and amending section 67 of former Title 31, Money and Finance] may be cited as the 'Federal Financial Institutions Examination Council Act of 1978'." TRANSFER OF FUNCTIONSFederal Home Loan Bank Board abolished and functions transferred, see sections 401 to 406 of Pub. L. 101–73, set out as a note under section 1437 of this title. |
| United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 34 - FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL Sec. 3301 - Declaration of purpose |
| section 3301 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 'Federal Financial Institutions Examination Council Act of 1978'." |
| 92 Stat. 3694 |
| Public Law 95-630, Public Law 101-73 |
