WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 1

12 U.S.C. 1: Office of the Comptroller of the Currency

Created in 1966 by Public Law 89-427. Changed by 2 later laws. 1 new law this Congress changed it.

1 other section of the Code cite this one, including 31 U.S.C. 307.

26 parts of federal rules cite it as their authority, written by Comptroller of the Currency, Department of the Treasury (26).

This Congress

  • S. 1582 GENIUS Act · became law · changed (b)

How it got here

2010

  • Pub. L. 111–203 amended section generally. Prior to amendment, section read as follows: "There shall be in the Department of the Treasury a bureau charged with the execution of all laws passed by Congress relating to the issue and regulation of national currency secured by United States bonds and, … (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text

1994

  • Pub. L. 103–325 inserted at end "The Comptroller of the Currency shall have the same authority over matters within the jurisdiction of the Comptroller as the Director of the Office of Thrift Supervision has over matters within the Director's jurisdiction under section 1462a(b)(3) of this title. The…

1966

  • Pub. L. 89–427 inserted exception relating to cancellation and destruction, and accounting with respect to the cancellation and destruction, of Federal Reserve notes unfit for circulation.

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.