Fabio
76b8ec33a7
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 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
54 lines
2.4 KiB
Markdown
54 lines
2.4 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 633"
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description: "Potential liability on foreign accounts"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "6"
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chapter_name: "FOREIGN BANKING"
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section: "633"
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citation: "12 U.S.C. § 633"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s633"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "4ef613662195ac4ed2219253f671124a17861d0e5aa1c88fc5f674319f07e9ee"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "8f6f18cc542509250a697cfe3199ff644bdaedf232e52f83fbe78eb123878058"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 633 - Potential liability on foreign accounts
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## Text
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(a) Exceptions from repayment requirement A member bank shall not be required to repay any deposit made at a foreign branch of the bank if the branch cannot repay the deposit due to—
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(1) an act of war, insurrection, or civil strife; or
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(2) an action by a foreign government or instrumentality (whether de jure or de facto) in the country in which the branch is located;
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unless the member bank has expressly agreed in writing to repay the deposit under those circumstances.
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(b) Regulations The Board and the Comptroller of the Currency may jointly prescribe such regulations as they deem necessary to implement this section.
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(Dec. 23, 1913, ch. 6, § 25C, as added Pub. L. 103–325, title III, § 326(a), Sept. 23, 1994, 108 Stat. 2229.)
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## Notes
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Editorial Notes
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Codification Section was enacted as section 25C of the Federal Reserve Act, and not as part of section 25A of that Act which comprises this subchapter.
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Statutory Notes and Related Subsidiaries
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Existing Claims Not AffectedPub. L. 103–325, title III, § 326(c), Sept. 23, 1994, 108 Stat. 2229, provided that: “Section 25C of the Federal Reserve Act [this section] (as added by subsection (a)) shall not be applied retroactively and shall not be construed to affect or apply to any claim or cause of action addressed by that section arising from events or circumstances that occurred before the date of enactment of this Act [Sept. 23, 1994].”
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