Title 12, Banks and BankingRelease 119-110
§3333 Chairperson of Appraisal Subcommittee; Term of Chairperson; Meetings
Title 12 › CHAPTER 34A — APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3333
Summary
The Council chooses the Chairperson of the Subcommittee for a 2-year term. The Subcommittee must hold public meetings after notice in the Federal Register, but it can close parts about personnel or preliminary State audit reports. The Chairperson or a majority can call meetings. A majority is a quorum, 2 or more members can hold hearings, and decisions need a majority vote. Closed meeting topics must be listed in the Federal Register notice.
Full Legal Text
Title 12, §3333
Banks and Banking, Source: USLM XML via OLRC
(a)Chairperson
The Council shall select the Chairperson of the subcommittee. The term of the Chairperson shall be 2 years.
(b)Meetings; quorum; voting
The Appraisal Subcommittee shall meet in public session after notice in the Federal Register, but may close certain portions of these meetings related to personnel and review of preliminary State audit reports, at the call of the Chairperson or a majority of its members when there is business to be conducted. A majority of members of the Appraisal Subcommittee shall constitute a quorum but 2 or more members may hold hearings. Decisions of the Appraisal Subcommittee shall be made by the vote of a majority of its members. The subject matter discussed in any closed or executive session shall be described in the Federal Register notice of the meeting.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2010—Subsec. (b). Pub. L. 111–203 inserted “in public session after notice in the Federal Register, but may close certain portions of these meetings related to personnel and review of preliminary State audit reports,” after “shall meet” and “The subject matter discussed in any closed or executive session shall be described in the Federal Register notice of the meeting.” at the end.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the date on which final
Regulations
implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such
Regulations
have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.
Reference
Citations & Metadata
Citation
12 U.S.C. § 3333
Title 12, Banks and Banking
Last Updated
Sep 22, 2026
Release point: 119-110