Federal

Title 12 — Banks and Banking

1,996 sections, each with the official text and a plain-English explanation of what it means for you.

• § 2804 — Enforcement
• § 2805 — Relation to State laws
• § 2806 — Compliance improvement methods
• § 2807 — Report
• § 2808 — Effective date
• § 2809 — Compilation of aggregate data
• § 281 — Capital
• § 2810 — Disclosure by Secretary; commencement, scope, etc.
• § 2811 — Repealed. Pub. L. 100–242, title V, § 565(b) , Feb. 5, 1988 , 101 Stat. 1945
• § 282 — Subscription to capital stock by national banking association
• § 283 — Public subscription to capital stock
• § 284 — Omitted
• § 285 — Nonvoting stock
• § 286 — Transfers of stock; rules and regulations
• § 287 — Value of shares of stock; increase and decrease of stock; member banks as shareholders; surrender of shares
• § 288 — Cancellation of stock held by member bank on insolvency or discontinuance of banking operations for sixty days; repayment of cash-paid subscriptions
• § 289 — Dividends and surplus funds of reserve banks; transfer for fiscal year 2000
• § 29 — Power to hold real property
• § 290 — Use of earnings transferred to the Treasury
• § 2901 — Congressional findings and statement of purpose
• § 2902 — Definitions
• § 2903 — Financial institutions; evaluation
• § 2904 — Report to Congress
• § 2905 — Regulations
• § 2906 — Written evaluations
• § 2907 — Operation of branch facilities by minorities and women
• § 2908 — Small bank regulatory relief
• § 3 — Oath of Comptroller
• § 30 — Change of name or location
• § 3001 — Congressional statement of findings and purpose
• § 301 — Powers and duties of board of directors; suspension of member bank for undue use of bank credit
• § 3011 — Creation and charter; principal office; venue; purposes
• § 3012 — General corporate powers
• § 3013 — Board of Directors
• § 3014 — Capitalization
• § 3015 — Eligibility of cooperatives
• § 3016 — Annual meetings; notice, agenda, etc.
• § 3017 — Bonds, debentures, notes and other evidences of indebtedness
• § 3017a — Class A notes as paid-in capital of the Bank
• § 3018 — Loans
• § 3019 — Taxation by State, county, etc., taxing authority; Federal tax status
• § 302 — Number of members; classes
• § 3020 — Quarters and space for principal and other offices
• § 3021 — Annual report to Congress; contents
• § 3022 — Authorization of additional appropriations; restrictions on use
• § 3023 — Appeal procedures applicable upon denial or restriction of application for assistance
• § 3024 — Conflict of interest rules; adoption and publication; requirements
• § 3025 — Examination and audit
• § 3026 — Acceleration of the Final Government Equity Redemption Date
• § 303 — Qualifications and disabilities
• § 304 — Class A and class B directors; selection
• § 3041 — Establishment; appointment, etc., of Director
• § 3042 — Authorization of appropriations for advances; deposits into separate Account in Bank; availability of amounts
• § 3043 — Advances
• § 3044 — Services and information for organization, financing, and management of cooperatives; availability; agreements for development and dissemination; funding
• § 3045 — Investigations and surveys respecting new services, etc., by cooperative not-for-profit organizations
• § 3046 — Financial analysis and market surveys at request of eligible cooperative
• § 3047 — Programs for training directors and staff of eligible cooperatives, and public education; development and availability; scope and implementation
• § 3048 — Cooperation with Federal agencies offering programs for consumer cooperatives in disseminating information
• § 3049 — Authorization of appropriations for administration; availability of amounts
• § 305 — Class C directors; selection; “Federal reserve agent”
• § 3050 — Fees for providing technical assistance services; waiver; accounting and availability
• § 3051 — Nonprofit corporation
• § 306 — Assistants to Federal reserve agent
• § 307 — Compensation of directors
• § 308 — Terms of directors; vacancies
• § 31 — Rights and liabilities as affected by change of name
• § 3101 — Definitions
• § 3102 — Establishment of Federal branches and agencies by foreign bank
• § 3103 — Interstate banking by foreign banks
• § 3104 — Insurance of deposits
• § 3105 — Authority of Federal Reserve System
• § 3106 — Nonbanking activities of foreign banks
• § 3106a — Compliance with State and Federal laws
• § 3107 — Representative offices
• § 3108 — Regulation and enforcement
• § 3109 — Cooperation with foreign supervisors
• § 3110 — Penalties
• § 3111 — Criminal penalty
• § 32 — Liabilities and suits as affected by change of name or location
• § 3201 — Definitions
• § 3202 — Dual service of management official as management official of unaffiliated institution or holding company in same area, town, or village prohibited
• § 3203 — Dual service of management official of $2,500,000,000 institution or holding company as management official of unaffiliated $1,500,000,000 institution or holding company prohibited
• § 3204 — Exceptions
• § 3205 — Management official in position prior to November 10, 1978
• § 3206 — Administration and enforcement
• § 3207 — Rules and regulations
• § 3208 — Powers available to Attorney General for enforcement
• § 321 — Application for membership
• § 322 — Determination on application
• § 323 — Stock in Federal reserve banks; method of payment
• § 324 — Laws applicable on becoming members
• § 325 — Examinations
• § 326 — Acceptance of examinations and reports by State authorities; special examinations
• § 327 — Surrender of stock and cancellation of memberships
• § 328 — Withdrawals from membership
• § 329 — Capital stock required as condition precedent to membership
• § 329a — Omitted
• § 33 to 34c — Transferred
• § 330 — Laws applicable on becoming members; discounts for State banks
• § 3301 — Declaration of purpose
• § 3302 — Definitions
• § 3303 — Financial Institutions Examination Council
• § 3304 — Costs and expenses of Council
• § 3305 — Functions of Council
• § 3306 — State liaison
• § 3307 — Administration
• § 3308 — Access to books, accounts, records, etc., by Council
• § 3309 — Risk management training
• § 331 — Certifying checks on State banks admitted as members
• § 3310 — Establishment of Appraisal Subcommittee
• § 3311 — Required review of regulations
• § 332 — Depositaries of public money; financial agents; security required
• § 333 — Mutual savings banks; application and admission to membership in Federal Reserve System
• § 3331 — Purpose
• § 3332 — Functions of Appraisal Subcommittee
• § 3333 — Chairperson of Appraisal Subcommittee; term of Chairperson; meetings
• § 3334 — Officers and staff
• § 3335 — Powers of Appraisal Subcommittee
• § 3336 — Procedures for establishing appraisal standards and requiring use of certified and licensed appraisers
• § 3337 — Startup funding
• § 3338 — Roster of State certified or licensed appraisers; authority to collect and transmit fees
• § 3339 — Functions of Federal financial institutions regulatory agencies relating to appraisal standards
• § 334 — Reports from affiliates; penalty for failure to furnish
• § 3340 — Time for proposal and adoption of standards
• § 3341 — Functions of Federal financial institutions regulatory agencies relating to appraiser qualifications
• § 3342 — Transactions requiring services of State certified appraiser
• § 3343 — Transactions requiring services of State licensed appraiser
• § 3344 — Time for proposal and adoption of rules
• § 3345 — Certification and licensing requirements
• § 3346 — Establishment of State appraiser certifying and licensing agencies
• § 3347 — Monitoring of State appraiser certifying and licensing agencies
• § 3348 — Recognition of State certified and licensed appraisers for purposes of this chapter
• § 3349 — Violations in obtaining and performing appraisals in federally related transactions
• § 335 — Dealing in investment securities; limitations and conditions
• § 3350 — Definitions
• § 3351 — Miscellaneous provisions
• § 3352 — Emergency exceptions for disaster areas
• § 3353 — Appraisal management company minimum requirements
• § 3354 — Automated valuation models used to estimate collateral value for mortgage lending purposes
• § 3355 — Broker price opinions
• § 3356 — Exemption from appraisals of real estate located in rural areas
• § 336 — Certificates of stock; representation of stock of other corporations
• § 337 — Repealed. Pub. L. 89–485, § 13(g) , July 1, 1966 , 80 Stat. 243
• § 338 — Examination of affiliates; forfeiture of membership on refusal of affiliate to give information or pay expense
• § 338a — Investments to promote public welfare and community development; limitation on investments
• § 339 — Participation by State member banks in lotteries and related activities
• § 339a — Resolution of clearing banks
• § 3401 — Definitions
• § 3402 — Access to financial records by Government authorities prohibited; exceptions
• § 3403 — Confidentiality of financial records
• § 3404 — Customer authorizations
• § 3405 — Administrative subpena and summons
• § 3406 — Search warrants
• § 3407 — Judicial subpena
• § 3408 — Formal written request
• § 3409 — Delayed notice
• § 341 — General enumeration of powers
• § 3410 — Customer challenges
• § 3411 — Duty of financial institutions
• § 3412 — Use of information
• § 3413 — Exceptions
• § 3414 — Special procedures
• § 3415 — Cost reimbursement
• § 3416 — Jurisdiction
• § 3417 — Civil penalties
• § 3418 — Injunctive relief
• § 3419 — Suspension of limitations
• § 342 — Deposits; exchange and collection; member and nonmember banks or other depository institutions; charges
• § 3420 — Grand jury information; notification of certain persons prohibited
• § 3421 — Repealed. Pub. L. 104–66, title III, § 3001(d) , Dec. 21, 1995 , 109 Stat. 734
• § 3422 — Applicability to Securities and Exchange Commission
• § 3423 — Immunity from suit for disclosure of financial exploitation of senior citizens
• § 343 — Discount of obligations arising out of actual commercial transactions
• § 344 — Discount or purchase of bills to finance agricultural shipments
• § 345 — Rediscount of notes, drafts, and bills for member banks; limitation of amount
• § 346 — Discount of acceptances
• § 347 — Advances to member banks on their notes
• § 347a — Advances to member bank groups; inadequate amounts of eligible and acceptable assets; liability of individual banks in group; distribution of loans among banks of group; rate of interest; notes accepted for advances as collateral security for Federal reserve notes; foreign obligations as security for advances
• § 347b — Advances to individual member banks on time or demand notes; maturities; time notes secured by mortgage loans covering one-to-four family residences
• § 347c — Advances to individuals, partnerships, and corporations; security; interest rate
• § 347d — Transactions between Federal Reserve banks and branch or agency of foreign bank; matters considered
• § 348 — Discount of obligations given for agricultural purposes or based upon livestock; collateral security for Federal reserve notes
• § 348a — Transactions with foreign banks; supervision of Board of Governors of the Federal Reserve System
• § 349 — Rediscount for intermediate credit banks of obligations given for agricultural purposes; discount of notes made pursuant to section 1031
• § 35 — Organization of State banks as national banking associations
• § 350 — Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations
• § 3501 to 3509 — Omitted
• § 351 — Obligations of cooperative marketing association as issued or drawn for agricultural purposes
• § 352 — Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
• § 3521 to 3524 — Repealed. Pub. L. 96–221, title VIII, § 806 , Mar. 31, 1980 , 94 Stat. 192
• § 352a — Repealed. Pub. L. 85–699, title VI, § 601 , Aug. 21, 1958 , 72 Stat. 697
• § 353 — Purchase and sale of cable transfers, acceptances and bills
• § 354 — Transactions involving gold coin, bullion, and certificates
• § 355 — Purchase and sale of obligations of National, State, and municipal governments; open market operations; purchases and sales from or to United States; maximum aggregate amount of obligations acquired directly from or loaned directly to United States
• § 356 — Purchase of commercial paper from member banks and sale of same
• § 357 — Establishment of rates of discount
• § 358 — Establishment of accounts for purposes of open-market operations; correspondents and agencies
• § 359 — Purchase and sale of acceptances of intermediate credit banks and agricultural credit corporations
• § 359a — Omitted