Equal representation for Federal Deposit Insurance Corporation and the Office of Thrift Supervision

  1. Law
  2. USC 12
  3. Banks And Banking
  4. INTERNATIONAL LENDING SUPERVISION
  5. Equal representation for Federal Deposit Insurance Corporation and the Office of Thrift Supervision

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§3911. Equal representation for Federal Deposit Insurance Corporation and the Office of Thrift Supervision

(a) In general

As one of the 4 Federal bank regulatory and supervisory agencies, and as the insurer of the United States banks involved in international lending, the Federal Deposit Insurance Corporation shall be given equal representation with the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency on the Committee on Banking Regulations and Supervisory Practices of the Group of Ten Countries and Switzerland.

(b) Office of Thrift Supervision

As one of the 4 Federal bank regulatory and supervisory agencies, the Office of Thrift Supervision shall be given equal representation with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on the Committee on Banking Regulations and Supervisory Practices of the Group of Ten Countries and Switzerland.

( Pub. L. 98–181, title I [title IX, §912], Nov. 30, 1983, 97 Stat. 1284 ; Pub. L. 109–351, title VII, §713(a), Oct. 13, 2006, 120 Stat. 1995 .)

Amendments

2006-Pub. L. 109–351 inserted "and the Office of Thrift Supervision" after "Federal Deposit Insurance Corporation" in section catchline, designated existing provisions as subsec. (a), inserted heading, substituted "As one of the 4" for "As one of the three", and added subsec. (b).


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