2020 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter XV - Bank Examinations
Sec. 485 - Examination of Federal reserve banks
| 12 U.S.C. § 485 (2020) |
| §485. Examination of Federal reserve banks |
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The Board of Governors of the Federal Reserve System shall, at least once each year, order an examination of each Federal reserve bank, and upon joint application of ten member banks the Board of Governors of the Federal Reserve System shall order a special examination and report of the condition of any Federal reserve bank. |
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(R.S. §5240 (par.); Feb. 19, 1875, ch. 89, 18 Stat. 329; Dec. 23, 1913, ch. 6, §21, 38 Stat. 272; Aug. 23, 1935, ch. 614, title II, §203(a), 49 Stat. 704.) |
| EDITORIAL NOTES
CODIFICATION
R.S. §5240 derived from act June 3, 1864, ch. 106, §54, 13 Stat. 116, which was part of the National Bank Act. See section 38 of this title. Section is comprised of seventh par. of R.S. §5240, as amended. See Codification note set out under section 481 of this title. STATUTORY NOTES AND RELATED SUBSIDIARIES CHANGE OF NAME Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System. |
| United States Code, 2018 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 3 - FEDERAL RESERVE SYSTEM SUBCHAPTER XV - BANK EXAMINATIONS Sec. 485 - Examination of Federal reserve banks |
| section 485 |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 13 Stat. 116 18 Stat. 329 38 Stat. 272 49 Stat. 704 |
