Security measures

  1. Law
  2. USC 12
  3. Banks And Banking
  4. SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS
  5. Security measures

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§1882. Security measures

(a) Rules for installation, maintenance, and operation of security devices and procedures

Within six months from July 7, 1968, each Federal supervisory agency shall promulgate rules establishing minimum standards with which each bank or savings association must comply with respect to the installation, maintenance, and operation of security devices and procedures, reasonable in cost, to discourage robberies, burglaries, and larcenies and to assist in the identification and apprehension of persons who commit such acts.

(b) Time for compliance with standards

The rules shall establish the time limits within which banks and savings associations shall comply with the standards.

( Pub. L. 90–389, §3, July 7, 1968, 82 Stat. 295 ; Pub. L. 101–73, title IX, §911(a), Aug. 9, 1989, 103 Stat. 478 ; Pub. L. 111–203, title III, §356(2), July 21, 2010, 124 Stat. 1547 .)

Amendments

2010-Pub. L. 111–203 struck out "and loan" after "savings" in subsecs. (a) and (b).

1989-Subsec. (b). Pub. L. 101–73 struck out "and shall require the submission of periodic reports with respect to the installation, maintenance, and operation of security devices and procedures" before period at end.

Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203 effective on the transfer date, see section 351 of Pub. L. 111–203, set out as a note under section 906 of Title 2, The Congress.

Effective Date of 1989 Amendment

Amendment by Pub. L. 101–73 applicable with respect to reports filed or required to be filed after Aug. 9, 1989, see section 911(i) of Pub. L. 101–73, set out as a note under section 161 of this title.


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