Title 12 — Banks and BankingRelease 119-73

§3304 Costs and expenses of Council

Title 12 › Chapter CHAPTER 34— - FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3304

Last updated Apr 6, 2026|Official source

Summary

Each federal financial regulator must pay one-fifth of the Council’s costs; the Council will levy annual and extra assessments from its projected budget.

Full Legal Text

Title 12, §3304

Banks and Banking — Source: USLM XML via OLRC

One-fifth of the costs and expenses of the Council, including the salaries of its employees, shall be paid by each of the Federal financial institutions regulatory agencies. Annual assessments for such share shall be levied by the Council based upon its projected budget for the year, and additional assessments may be made during the year if necessary.

Legislative History

Notes & Related Subsidiaries

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. § 3304

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73