Title 12 — Banks and BankingRelease 119-73
§1833b Comparability in compensation schedules
Title 12 › Chapter CHAPTER 16— - FEDERAL DEPOSIT INSURANCE CORPORATION › § 1833b
Summary
Require several federal financial agencies to tell each other and Congress about any pay or benefit plans they set and to try to keep pay and benefits similar. The agencies named are the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the National Credit Union Administration Board, the Federal Housing Finance Agency, the Office of Financial Research, the Bureau of Consumer Financial Protection, and the Farm Credit Administration. The Commodity Futures Trading Commission must do the same: inform those agency heads and Congress about its pay and benefits and try to keep them comparable with the other agencies.
Full Legal Text
Title 12, §1833b
Banks and Banking — Source: USLM XML via OLRC
(a)The Federal Deposit Insurance Corporation, the Comptroller of the Currency, the National Credit Union Administration Board, the Federal Housing Finance Agency, the Office of Financial Research, and the Bureau of Consumer Financial Protection, the 11 So in original. Probably should be “Research, the Bureau of Consumer Financial Protection, and the”. Farm Credit Administration, in establishing and adjusting schedules of compensation and benefits which are to be determined solely by each agency under applicable provisions of law, shall inform the heads of the other agencies and the Congress of such compensation and benefits and shall seek to maintain comparability regarding compensation and benefits.
(b)In establishing and adjusting schedules of compensation and benefits for employees of the Commodity Futures Trading Commission under applicable provisions of law, the Commission shall—
(1)inform the heads of the agencies referred to in subsection (a) and Congress of such compensation and benefits; and
(2)seek to maintain comparability with those agencies regarding compensation and benefits.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was enacted as part of the Financial Institutions Reform, Recovery, and
Enforcement
Act of 1989, and not as part of the Federal Deposit Insurance Act which comprises this chapter.
Amendments
2010—Subsec. (a). Pub. L. 111–203, § 367(8)(B), which directed striking out “, and the Office of Thrift Supervision” could not be executed because those words did not appear subsequent to amendment by Pub. L. 111–203, § 152(d)(3)(B). See below. Pub. L. 111–203, § 367(8)(A), which directed substitution of “Agency, and” for “Board, the Oversight Board of the Resolution Trust Corporation”, was executed by substituting “Agency” for “Board” after “Federal Housing Finance”, to reflect the probable intent of Congress and the
Amendments
made by Pub. L. 107–123 and section 302(a) of Pub. L. 102–233. See 2002 Amendment note and
Change of Name
note below. Pub. L. 111–203, § 152(d)(3), substituted “Finance Board, the Office of Financial Research, and the Bureau of Consumer Financial Protection” for “Finance Board,” and struck out “and the Office of Thrift Supervision,” after “Credit Administration,”. 2002—Pub. L. 107–171 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b). Pub. L. 107–123 struck out “the Thrift Depositor Protection Oversight Board of the Resolution Trust Corporation” after “Federal Housing Finance Board,”.
Statutory Notes and Related Subsidiaries
Change of Name
Oversight Board redesignated Thrift Depositor Protection Oversight Board, effective Feb. 1, 1992, see section 302(a) of Pub. L. 102–233, formerly set out as a note under section 1441a of this title. Thrift Depositor Protection Oversight Board abolished, see section 14(a)–(d) of Pub. L. 105–216, formerly set out as a note under section 1441a of this title.
Effective Date
of 2010 AmendmentAmendment by section 152(d)(3)of Pub. L. 111–203 effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as an
Effective Date
note under section 5301 of this title. Amendment by section 367(8) of 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 2002 AmendmentAmendment by Pub. L. 107–123 effective Oct. 1, 2001, see section 11 of Pub. L. 107–123, set out as a note under section 78ee of Title 15, Commerce and Trade.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1833b
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73