Title 12 — Banks and BankingRelease 119-73
§3306 State liaison
Title 12 › Chapter CHAPTER 34— - FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3306
Summary
The Council must create a liaison committee of five state financial regulators who meet with the Council at least twice a year. Members must get a reasonable allowance for meeting expenses and pick a chair from among themselves.
Full Legal Text
Title 12, §3306
Banks and Banking — Source: USLM XML via OLRC
To encourage the application of uniform examination principles and standards by State and Federal supervisory agencies, the Council shall establish a liaison committee composed of five representatives of State agencies which supervise financial institutions which shall meet at least twice a year with the Council. Members of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings. Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2006—Pub. L. 109–351 inserted at end “Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.”
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. § 3306
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73