FEDERAL · 12 U.S.C. · Chapter 34
Financial Institutions Examination Council
12 U.S.C. § 3303
Title12 — Banks and Banking
Chapter34 — FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
This text of 12 U.S.C. § 3303 (Financial Institutions Examination Council) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 3303.
Text
(a)Establishment; composition
There is established the Financial Institutions Examination Council which shall consist of—
(1)the Comptroller of the Currency,
(2)the Chairman of the Board of Directors of the Federal Deposit Insurance Corporation,
(3)a Governor of the Board of Governors of the Federal Reserve System designated by the Chairman of the Board,
(4)the Director of the Consumer Financial Protection Bureau,
(5)the Chairman of the National Credit Union Administration Board, and
(6)the Chairman of the State Liaison Committee.
(b)Chairmanship
The members of the Council shall select the first chairman of the Council. Thereafter the chairmanship shall rotate among the members of the Council.
(c)Term of office
The term of the Chairman of the Council shall be two years.
(d)Design
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Source Credit
History
(Pub. L. 95–630, title X, §1004, Nov. 10, 1978, 92 Stat. 3694; Pub. L. 101–73, title VII, §744(a)(2), Aug. 9, 1989, 103 Stat. 438; Pub. L. 109–351, title VII, §714(a), Oct. 13, 2006, 120 Stat. 1995; Pub. L. 111–203, title X, §1091, July 21, 2010, 124 Stat. 2094.)
Editorial Notes
Editorial Notes
Amendments
2010—Subsec. (a)(4). Pub. L. 111–203 substituted "Director of the Consumer Financial Protection Bureau" for "Director, Office of Thrift Supervision".
2006—Subsec. (a)(4). Pub. L. 109–351, §714(a)(1), substituted "Thrift Supervision," for "Thrift Supervision".
Subsec. (a)(6). Pub. L. 109–351, §714(a)(2), (3), added par. (6).
1989—Subsec. (a)(4). Pub. L. 101–73 substituted "Director, Office of Thrift Supervision" for "Chairman of the Federal Home Loan Bank Board, and".
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
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.
Amendments
2010—Subsec. (a)(4). Pub. L. 111–203 substituted "Director of the Consumer Financial Protection Bureau" for "Director, Office of Thrift Supervision".
2006—Subsec. (a)(4). Pub. L. 109–351, §714(a)(1), substituted "Thrift Supervision," for "Thrift Supervision".
Subsec. (a)(6). Pub. L. 109–351, §714(a)(2), (3), added par. (6).
1989—Subsec. (a)(4). Pub. L. 101–73 substituted "Director, Office of Thrift Supervision" for "Chairman of the Federal Home Loan Bank Board, and".
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
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.
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Bluebook (online)
12 U.S.C. § 3303, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/3303.