Title 12 — Banks and BankingRelease 119-73
§3302 Definitions
Title 12 › Chapter CHAPTER 34— - FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3302
Summary
Defines three terms used in the chapter. "Federal financial institutions regulatory agencies" are OCC, Board of Governors of the Federal Reserve, FDIC, OTS, and NCUA. "Council" is the Financial Institutions Examination Council. "Financial institution" means various banks and credit unions.
Full Legal Text
Title 12, §3302
Banks and Banking — Source: USLM XML via OLRC
As used in this chapter—
(1)the term “Federal financial institutions regulatory agencies” means the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration;
(2)the term “Council” means the Financial Institutions Examination Council; and
(3)the term “financial institution” means a commercial bank, a savings bank, a trust company, a savings association, a building and loan association, a homestead association, a cooperative bank, or a credit union; 11 So in original. The semicolon probably should be a period.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1989—Par. (1). Pub. L. 101–73, § 744(a)(1)(A), substituted “Office of Thrift Supervision” for “Federal Home Loan Bank Board”. Par. (3). Pub. L. 101–73, § 744(a)(1)(B), substituted “savings association” for “savings and loan association”.
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. § 3302
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73