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Title 12 — Banks and BankingRelease 119-73not60

§1468b Powers of Examiners

Title 12 › Chapter 12— SAVINGS ASSOCIATIONS › § 1468b

Last updated Apr 3, 2026|Official source

Summary

Federal banking agency examiners must follow the same rules and face the same penalties as examiners under the Federal Reserve Act and title LXII, and they have equal authority when carrying out duties under this chapter.

Full Legal Text

Title 12, §1468b

Banks and Banking — Source: USLM XML via OLRC

For the purposes of this chapter, examiners appointed by the a 11 So in original. Federal banking agency shall—
(1)be subject to the same requirements, responsibilities, and penalties as are applicable to examiners under the Federal Reserve Act [12 U.S.C. 221 et seq.] and title LXII of the Revised Statutes; and
(2)have, in the exercise of functions under this chapter, the same powers and privileges as are vested in such examiners by law.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Federal Reserve Act, referred to in par. (1), is act Dec. 23, 1913, ch. 6, 38 Stat. 251, which is classified principally to chapter 3 (§ 221 et seq.) of this title. For complete classification of this Act to the Code, see

References in Text

note set out under section 226 of this title and Tables. Title LXII of the Revised Statutes, referred to in par. (1), consists of R.S. §§ 5133 to 5244, which are classified to section 16, 21, 22 to 24a, 25a, 25b, 26, 27, 29, 35 to 37, 39, 43, 52, 53, 55 to 57, 59 to 62, 66, 71, 72 to 76, 81, 83 to 86, 90, 91, 93, 93a, 94, 141 to 144, 161, 164, 181, 182, 192 to 194, 196, 215c, 481 to 485, 501, 541, 548, and 582 of this title. See, also, section 8, 333, 334, 475, 656, 709, 1004, and 1005 of Title 18, Crimes and Criminal Procedure. For complete classification of R.S. §§ 5133 to 5244 to the Code, see Tables.

Amendments

2010—Pub. L. 111–203 substituted “a Federal banking agency” for “Director” in introductory provisions.

Statutory Notes and Related Subsidiaries

Effective Date

of 2010 AmendmentAmendment by 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.

Reference

Citations & Metadata

Citation

12 U.S.C. § 1468b

Title 12 — Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60