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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code
now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 3301 Declaration of purpose us united_states_code code_section 12 BANKS AND BANKING 34 FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL 3301 12 U.S.C. § 3301 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/s3301 data/legal/raw/us/code/title-12/usc12.xml dd893134fdd573bd4c93d142631c7e3de4b0f2e7f4aa03bf98df7c19108b0b0a e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 5bf87ac6973cb9569fc6ea42eb5a1b5b7938525920fa836254d96f9132c65082 2026-07-04 official
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12 U.S.C. § 3301 - Declaration of purpose

Text

It is the purpose of this chapter to establish a Financial Institutions Examination Council which shall prescribe uniform principles and standards for the Federal examination of financial institutions by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Federal Home Loan Bank Board, and the National Credit Union Administration and make recommendations to promote uniformity in the supervision of these financial institutions. The Councils actions shall be designed to promote consistency in such examination and to insure progressive and vigilant supervision.

(Pub. L. 95630, title X, § 1002, Nov. 10, 1978, 92 Stat. 3694.)

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. 95630, set out as a note under section 375b of this title.

Short TitlePub. L. 95630, title X, § 1001, Nov. 10, 1978, 92 Stat. 3694, provided that: “This title [enacting this chapter and amending section 67 of former Title 31, Money and Finance] may be cited as the Federal Financial Institutions Examination Council Act of 1978.”

Transfer of Functions Federal Home Loan Bank Board abolished and functions transferred, see sections 401 to 406 of Pub. L. 10173, set out as a note under section 1437 of this title.