Title 12 — Banks and BankingRelease 119-73
§1468b Powers of examiners
Title 12 › Chapter CHAPTER 12— - SAVINGS ASSOCIATIONS › § 1468b
Summary
Examiners hired by a federal banking agency must follow the same rules, duties, and penalties that apply to examiners under the Federal Reserve Act and title LXII of the Revised Statutes. When doing work under this chapter, they also have the same legal powers and privileges as those examiners.
Full Legal Text
Title 12, §1468b
Banks and Banking — Source: USLM XML via OLRC
For the purposes of this chapter, examiners appointed by the a 11 So in original. Federal banking agency shall—
(1)be subject to the same requirements, responsibilities, and penalties as are applicable to examiners under the Federal Reserve Act [12 U.S.C. 221 et seq.] and title LXII of the Revised Statutes; and
(2)have, in the exercise of functions under this chapter, the same powers and privileges as are vested in such examiners by law.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
The Federal Reserve Act, referred to in par. (1), is act Dec. 23, 1913, ch. 6, 38 Stat. 251, which is classified principally to chapter 3 (§ 221 et seq.) of this title. For complete classification of this Act to the Code, see
References in Text
note set out under section 226 of this title and Tables. Title LXII of the Revised Statutes, referred to in par. (1), consists of R.S. §§ 5133 to 5244, which are classified to section 16, 21, 22 to 24a, 25a, 25b, 26, 27, 29, 35 to 37, 39, 43, 52, 53, 55 to 57, 59 to 62, 66, 71, 72 to 76, 81, 83 to 86, 90, 91, 93, 93a, 94, 141 to 144, 161, 164, 181, 182, 192 to 194, 196, 215c, 481 to 485, 501, 541, 548, and 582 of this title. See, also, section 8, 333, 334, 475, 656, 709, 1004, and 1005 of Title 18, Crimes and Criminal Procedure. For complete classification of R.S. §§ 5133 to 5244 to the Code, see Tables.
Amendments
2010—Pub. L. 111–203 substituted “a Federal banking agency” for “Director” in introductory provisions.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment 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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1468b
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73