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2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 204 Examinations us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 204 12 U.S.C. § 204 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/s204 data/legal/raw/us/code/title-12/usc12.xml 800f6bf87caf16d2676bdff9f693e997568caf112ec0a8ec54c6128d56c3499f e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 485dc3bede6efba19ba7d5c9d0fe1edcfef545086fe33729f3a80f929fd1217e 2026-07-04 official
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12 U.S.C. § 204 - Examinations

Text

The Comptroller of the Currency (in consultation with the Board of Directors of the Federal Deposit Insurance Corporation when the Corporation is appointed conservator) is authorized to examine and supervise the bank in conservatorship as long as the bank continues to operate as a going concern. The Comptroller may use reports and other information provided by the Federal Deposit Insurance Corporation for this purpose.

(Mar. 9, 1933, ch. 1, title II, § 204, 48 Stat. 3; Pub. L. 10173, title VIII, § 803, Aug. 9, 1989, 103 Stat. 443.)

Notes

Editorial Notes

Amendments1989—Pub. L. 10173 amended section generally. Prior to amendment, section read as follows: “The Comptroller of the Currency shall cause to be made such examinations of the affairs of such bank as shall be necessary to inform him as to the financial condition of such bank, and the examiner shall make a report thereon to the Comptroller of the Currency at the earliest practicable date.”

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.