12 U.S.C. § 5222 — Coordination with foreign authorities and central banks

FEDERAL · 12 U.S.C. · Chapter 52

Coordination with foreign authorities and central banks

Current through Pub. L. 119-102

Title 12 — Banks and Banking·Ch. 52 — EMERGENCY ECONOMIC STABILIZATION·Subch. I

The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 5211 of this title.

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The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 5211 of this title.

12 U.S.C. § 5222 (Coordination with foreign authorities and central banks) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(Pub. L. 110–343, div. A, title I, §112, Oct. 3, 2008, 122 Stat. 3777.)

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