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LegalText 12 U.S.C. § 4 Deputy Comptrollers us united_states_code code_section 12 BANKS AND BANKING 1 THE COMPTROLLER OF THE CURRENCY 4 12 U.S.C. § 4 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s4 data/legal/raw/us/code/title-12/usc12.xml e4c35f46f68be926c46c9559e745a70825bb5ef2f8e383563c16e96039a7d140 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa a4eaa30aa8bbfaea940fd53d082b68ca27ce0d6cac0694c136d6f01af909b6c2 2026-07-04 official
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12 U.S.C. § 4 - Deputy Comptrollers

Text

The Secretary of the Treasury shall appoint no more than four Deputy Comptrollers of the Currency, one of whom shall be designated First Deputy Comptroller of the Currency, and shall fix their salaries. Each Deputy Comptroller shall take the oath of office and shall perform such duties as the Comptroller shall direct. During a vacancy in the office or during the absence or disability of the Comptroller, each Deputy Comptroller shall possess the power and perform the duties attached by law to the office of the Comptroller under such order of succession following the First Deputy Comptroller as the Comptroller shall direct.

(R.S. § 327; Mar. 4, 1923, ch. 252, § 209(b), 42 Stat. 1467; Pub. L. 86251, § 1(a), Sept. 9, 1959, 73 Stat. 487; Pub. L. 92310, title II, § 223(b), June 6, 1972, 86 Stat. 206.)

Notes

Editorial Notes

Codification R.S. § 327 derived from act June 3, 1864, ch. 106, § 1, 13 Stat. 99, which was the National Bank Act. See section 38 of this title. R.S. § 327, contained after the word “Secretary” the following “who shall be entitled to a salary of two thousand five hundred dollars a year, and” which was omitted from this section on authority of act Mar. 4, 1923, § 209(b), fourth sentence, which was classified to section 9a of this title and regulated the salaries of deputy comptrollers.

Amendments1972—Pub. L. 92310 struck out provisions which required each Deputy Comptroller to give a bond in the sum of $100,000. 1959—Pub. L. 86251 provided for the appointment of four Deputy Comptrollers instead of one, the designation of one as the First Deputy, the fixing of salaries, increase in surety bond requirement from $50,000 to $100,000 and order of succession.

Executive Documents

Exception as to Transfer of Functions Functions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under section 1 of this title.