---
type: "LegalText"
title: "12 U.S.C. § 3304"
description: "Costs and expenses of Council"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "34"
chapter_name: "FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL"
section: "3304"
citation: "12 U.S.C. § 3304"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
source_identifier: "/us/usc/t12/s3304"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "e0dad571f9bc76d06691df39cab2f8cbc026aeaedeaf11c4d43e1be5c12cb509"
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
text_hash: "baab4bc67130898f0b36247911bca826a33399ef03636df84aedf84b99fb000e"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 12 U.S.C. § 3304 - Costs and expenses of Council

## Text

One-fifth of the costs and expenses of the Council, including the salaries of its employees, shall be paid by each of the Federal financial institutions regulatory agencies. Annual assessments for such share shall be levied by the Council based upon its projected budget for the year, and additional assessments may be made during the year if necessary.

(Pub. L. 95–630, title X, § 1005, Nov. 10, 1978, 92 Stat. 3695.)

## Notes

Statutory Notes and Related Subsidiaries

Effective DateSection 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.