Title 12 — Banks and Banking
Chapter 2 — National Banks
§ 204. Examinations
Statutory 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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 73–1 · 48 Stat. 1
Enacted · 12 U.S.C. § 204
Mar. 9, 1933, ch. 1, title II, § 204, 48 Stat. 3
Source evidence
Code source credit
Mar. 9, 1933, ch. 1, title II, § 204, 48 Stat. 3Financial Institutions Reform, Recovery, and Enforcement Act of 1989
Pub. L. 101–73 title VIII § 803 · 103 Stat. 183
Amended · 12 U.S.C. § 204
Pub. L. 101–73 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.”
Source evidence
Code amendment note
Pub. L. 101–73 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.”Enacted provision · exact public law section
SEC 803. EXAMINATIONS. Section 204 of the Bank Conservation Act (12 U.S.C. 204) is amended to read as follows: “SEC. 204. EXAMINATIONS. “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.”.
1 of 2 references resolved to an enrolled provision · 1 partial
Editorial Notes
Amendments
1989—Pub. L. 101–73 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.
Credits
1933–1989 · 2 acts
- 1933Mar. 9, 1933, ch. 1, title II, § 204, 48 Stat. 3
- 1989Pub. L. 101–73, title VIII, § 803, , 103 Stat. 443.
Show as published
(Mar. 9, 1933, ch. 1, title II, § 204, 48 Stat. 3; Pub. L. 101–73, title VIII, § 803, , 103 Stat. 443.)