WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 16

12 U.S.C. 1814: Insured depository institutions

Created in 1982 by Public Law 97-320. Changed by 4 later laws. No bill we track in this Congress changes it.

4 other sections of the Code cite this one, including 12 U.S.C. 1815, 12 U.S.C. 1816, 12 U.S.C. 1817, 12 U.S.C. 1818.

3 parts of federal rules cite it as their authority, written by Comptroller of the Currency, Department of the Treasury (1), Federal Reserve System (1), Federal Deposit Insurance Corporation (1).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2006

    • Pub. L. 109–351, §608(b)(1), inserted "and section 1464(i)(5) of this title" after "section 1815(d) of this title" in introductory provisions. (Financial Services Regulatory Relief Act of 2006) Law text · (c)
    • Pub. L. 109–351, §608(b)(2), which directed insertion of "or Federal" after "insured State,", was executed by making the insertion after "insured State", to reflect the probable intent of Congress. (Financial Services Regulatory Relief Act of 2006) Law text · (c)

    1992

    • Pub. L. 102–550 amended directory language of Pub. L. 102–242, §115(b). See 1991 Amendment note below. · (b)

    1991

    • Pub. L. 102–242, §115(b), as amended by Pub. L. 102–550, §1603(b)(6), amended subsec. (b) generally, substituting present provisions for provisions which related to certification by other banking agencies. · (b)

    1989

    • Pub. L. 101–73, §201(a), substituted references to insured depository institutions for references to insured banks wherever appearing.
    • Pub. L. 101–73, §205(1), inserted heading, designated existing provisions as par. (1), inserted par. (1) heading, and substituted "Each bank" for "Every bank", and added par. (2). · (a)
    • Pub. L. 101–73, §205(2)(A), (B), inserted after first sentence "Any application or notice for membership or to commence or resume business shall be promptly provided by the appropriate Federal banking agency to the Corporation and the Corporation shall have a reasonable period of time … · (b)
    • Pub. L. 101–73, §205(2)(C), which directed the amendment of subsec. (b) by substituting "(b) Certification by Other Banking Agencies.—Every national bank" for "(b) Every national bank" could not be executed literally because the original read "(b) Every national member bank", but was executed by in… · (b)
    • Pub. L. 101–73, §205(3), amended subsec. (c) generally. Prior to amendment, subsec. (c) read as follows: "Every Federal savings bank which is chartered pursuant to section 1464(o) of this title, and which is engaged in the business of receiving deposits other than trust funds, shall be… · (c)
    • Pub. L. 101–73, §205(3), added subsec. (d). · (d)

    1982

    • Pub. L. 97–320 added subsec. (c). · (c)

    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.