Title 12, Banks and BankingRelease 119-110

§4639 Public Disclosure of Final Orders and Agreements

Title 12 › CHAPTER 46 — GOVERNMENT SPONSORED ENTERPRISES › SUBCHAPTER III — ENFORCEMENT PROVISIONS › § 4639

Last updated Sep 22, 2026|Official source

Summary

The Director must make public certain written agreements, written statements, final orders, and any changes or endings to them. That includes orders that are final under sections 4633 and 4634. Hearings on formal charges must be open to the public unless the Director decides an open hearing would harm the public interest. If the Director puts in writing that releasing a final order would seriously threaten a regulated entity’s financial health or security, the Director can delay release for a reasonable time. The Director can also file parts of documents under seal in hearings if putting them out would harm the public interest. The Director must keep these records and related enforcement documents for at least 6 years. Nothing in this allows refusing to give information to Congress or its committees.

Full Legal Text

Title 12, §4639

Banks and Banking, Source: USLM XML via OLRC

(a)In general
The Director shall make available to the public—
(1)any written agreement or other written statement for which a violation may be redressed by the Director or any modification to or termination thereof, unless the Director, in the Director’s discretion, determines that public disclosure would be contrary to the public interest;
(2)any order that is issued with respect to any administrative enforcement proceeding initiated by the Director under this subchapter and that has become final in accordance with section 4633 and 4634 of this title; and
(3)any modification to or termination of any final order made public pursuant to this subsection.
(b)Hearings
All hearings on the record with respect to any notice of charges issued by the Director shall be open to the public, unless the Director, in the Director’s discretion, determines that holding an open hearing would be contrary to the public interest.
(c)Delay of public disclosure under exceptional circumstances
If the Director makes a determination in writing that the public disclosure of any final order pursuant to subsection (a) would seriously threaten the financial health or security of the regulated entity, the Director may delay the public disclosure of such order for a reasonable time.
(d)Documents filed under seal in public enforcement hearings
The Director may file any document or part thereof under seal in any hearing commenced by the Director if the Director determines in writing that disclosure thereof would be contrary to the public interest.
(e)Retention of documents
The Director shall keep and maintain a record, for not less than 6 years, of all documents described in subsection (a) and all enforcement agreements and other supervisory actions and supporting documents issued with respect to or in connection with any enforcement proceeding initiated by the Director under this subchapter or any other law.
(f)Disclosures to Congress
This section may not be construed to authorize the withholding, or to prohibit the disclosure, of any information to the Congress or any committee or subcommittee thereof.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 1379B of Pub. L. 102–550 was renumbered section 1379D and is classified to section 4641 of this title.

Amendments

2008—Subsec. (c). Pub. L. 110–289, § 1156(b)(3), substituted “regulated entity” for “enterprise”.

Reference

Citations & Metadata

Citation

12 U.S.C. § 4639

Title 12, Banks and Banking

Last Updated

Sep 22, 2026

Release point: 119-110