Title 12 — Banks and BankingRelease 119-73not60
§1952 Reports on Ownership and Control
Title 12 › Chapter 21— FINANCIAL RECORDKEEPING › § 1952
Summary
The Secretary may require uninsured institutions to report their owners, controllers, managers, and changes if those reports would aid criminal, tax, or regulatory investigations.
Full Legal Text
Title 12, §1952
Banks and Banking — Source: USLM XML via OLRC
Where the Secretary determines that the making of appropriate reports by uninsured banks or uninsured institutions of any type with respect to their ownership, control, and managements and any changes therein has a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, he may by regulation require such banks or institutions to make such reports as he determines in respect of such ownership, control, and managements and changes therein.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section effective on first day of seventh calendar month which begins after Oct. 26, 1970, except that the Secretary of the Treasury may, by regulation, provide that this section be effective on any date not earlier than the publication of such
Regulations
in the Federal Register and not later than first day of thirteenth calendar month which begins after Oct. 26, 1970, see section 401(a), (b) of Pub. L. 91–508, set out as a note under section 1951 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1952
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60