Title 12 — Banks and Banking
Chapter 2 — National Banks
§ 93a. Authority to prescribe rules and regulations
Statutory text
Except to the extent that authority to issue such rules and regulations has been expressly and exclusively granted to another regulatory agency, the Comptroller of the Currency is authorized to prescribe rules and regulations to carry out the responsibilities of the office, except that the authority conferred by this section does not apply to section 36 of this title or to securities activities of National Banks under the Act commonly known as the “Glass-Steagall Act”.
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.
Depository Institutions Deregulation and Monetary Control Act of 1980
Pub. L. 96–221 title VII § 708 · 94 Stat. 131
Enacted · 12 U.S.C. § 93a
(R.S. § 5239A, as added Pub. L. 96–221, title VII, § 708, Mar. 31, 1980, 94 Stat. 188.)
Source evidence
Code source credit
(R.S. § 5239A, as added Pub. L. 96–221, title VII, § 708, Mar. 31, 1980, 94 Stat. 188.)Enacted provision · exact public law section
Sec. 708. authority to prescribe regulations Chapter 4 of title LXII of the Revised Statutes (12 U.S.C. 21 et seq.) is amended by inserting immediately following section 5239 a new section 5239A to read as follows: “Sec. 5239A. Except to the extent that authority to issue such rules and regulations has been expressly and exclusively granted to another regulatory agency, the Comptroller of the Currency is authorized to prescribe rules and regulations to carry out the responsibilities of the office, except that the authority conferred by this 12 USC 36. section does not apply to section 5155 of the Revised Statutes or to securities activities of National Banks under the Act commonly known as the ‘Glass-Steagall Act’.”.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
The Glass-Steagall Act, referred to in text, probably refers to act June 16, 1933, ch. 89, 48 Stat. 162, also known as the Banking Act of 1933 or the Glass-Steagall Act, 1933, rather than to act Feb. 27, 1932, ch. 58, 47 Stat. 56, known as the Glass-Steagall Act, 1932. Section 16 of the 1933 act, which amended section 24 (Seventh) of this title, related in part to securities activities of national banks. For complete classification of these Acts to the Code, see Tables.
Credits
(R.S. § 5239A, as added Pub. L. 96–221, title VII, § 708, , 94 Stat. 188.)