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Title 12 — Banks and BankingRelease 119-73not60

§3333 Chairperson of Appraisal Subcommittee; Term of Chairperson; Meetings

Title 12 › Chapter 34A— APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3333

Last updated Apr 3, 2026|Official source

Summary

The Council picks the Subcommittee’s chair. The chair serves for 2 years. The Appraisal Subcommittee must hold public meetings after announcing them in the Federal Register. The chair or a majority of members may call a meeting when there is business. Parts of a meeting about personnel matters or early State audit reports may be closed. A majority of members makes a quorum, but 2 or more members can hold hearings. Decisions need a majority vote. Any closed-session topics must be listed in the Federal Register notice.

Full Legal Text

Title 12, §3333

Banks and Banking — Source: USLM XML via OLRC

(a)The Council shall select the Chairperson of the subcommittee. The term of the Chairperson shall be 2 years.
(b)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

Apr 3, 2026

Release point: 119-73not60