Home/U.S. Code/Title 12/Ch. SUBCHAPTER XV—BANK EXAMINATIONS/§ 485
FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER XV—BANK EXAMINATIONS

Examination of Federal reserve banks

12 U.S.C. § 485
Title12 — Banks and Banking
ChapterSUBCHAPTER XV—BANK EXAMINATIONS

This text of 12 U.S.C. § 485 (Examination of Federal reserve banks) 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. § 485.

Text

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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Related

Applicability of 18 U.S.C. §§ 212 and 213 to FDIC Examiners' Obtaining of Credit Cards From State-Chartered FDIC-Insured Nonmember Banks
(Office of Legal Counsel, 1988)

Source Credit

History

(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

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.

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Bluebook (online)
12 U.S.C. § 485, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/485.