Title 12 — Banks and BankingRelease 119-73
§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
Title 12 › Chapter CHAPTER 33— - DEPOSITORY INSTITUTION MANAGEMENT INTERLOCKS › § 3203
Summary
Managers of a bank or holding company with over $2,500,000,000 in assets cannot also manage an unaffiliated bank or holding company with over $1,500,000,000; federal regulators can adjust these limits.
Full Legal Text
Title 12, §3203
Banks and Banking — Source: USLM XML via OLRC
If a depository institution or a depository holding company has total assets exceeding $2,500,000,000, a management official of such institution or any affiliate thereof may not serve as a management official of any other nonaffiliated depository institution or depository holding company having total assets exceeding $1,500,000,000 or as a management official of any affiliate of such other institution. In order to allow for inflation or market changes, the appropriate Federal depository institutions regulatory agencies may, by regulation, adjust, as necessary, the amount of total assets required for depository institutions or depository holding companies under this section.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1996—Pub. L. 104–208 substituted “$2,500,000,000” for “$1,000,000,000” and “$1,500,000,000” for “$500,000,000” and inserted at end “In order to allow for inflation or market changes, the appropriate Federal depository institutions regulatory agencies may, by regulation, adjust, as necessary, the amount of total assets required for depository institutions or depository holding companies under this section.”
Statutory Notes and Related Subsidiaries
Effective Date
Section effective upon the expiration of 120 days after Nov. 10, 1978, see section 2101 of Pub. L. 95–630, set out as a note under section 375b of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 3203
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73