Title 12 — Banks and BankingRelease 119-73not60
§204 Examinations
Title 12 › Chapter 2— NATIONAL BANKS › Subchapter XIV— BANK CONSERVATION ACT › § 204
Summary
The Comptroller of the Currency can check and oversee a bank that the FDIC has put into conservatorship while the bank stays open, and must consult the FDIC’s Board when the FDIC is acting as conservator. The Comptroller may use reports and other information the FDIC provides to do those checks.
Full Legal Text
Title 12, §204
Banks and Banking — Source: USLM XML via OLRC
The Comptroller of the Currency (in consultation with the Board of Directors of the Federal Deposit Insurance Corporation when the Corporation is appointed conservator) is authorized to examine and supervise the bank in conservatorship as long as the bank continues to operate as a going concern. The Comptroller may use reports and other information provided by the Federal Deposit Insurance Corporation for this purpose.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1989—Pub. L. 101–73 amended section generally. Prior to amendment, section read as follows: “The Comptroller of the Currency shall cause to be made such examinations of the affairs of such bank as shall be necessary to inform him as to the financial condition of such bank, and the examiner shall make a report thereon to the Comptroller of the Currency at the earliest practicable date.”
Executive Documents
Exception as to
Transfer of Functions
Functions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in
Transfer of Functions
to Secretary of the Treasury, see note set out under section 1 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 204
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60