Title 12, Banks and BankingRelease 119-102
§5222 Coordination with Foreign Authorities and Central Banks
Title 12 › CHAPTER 52 — EMERGENCY ECONOMIC STABILIZATION › SUBCHAPTER I — TROUBLED ASSETS RELIEF PROGRAM › § 5222
Summary
The Secretary must work with foreign financial authorities and central banks, when appropriate, to help them create similar programs. If those foreign authorities or banks hold troubled assets because they lent money to financial institutions that failed or defaulted, those troubled assets can be bought under section 5211.
Full Legal Text
Title 12, §5222
Banks and Banking, Source: USLM XML via OLRC
The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 5211 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5222
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102