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12 U.S.C. 1829b: Retention of records by insured depository institutions

Created in 1970 by Public Law 91-508. Changed by 7 later laws. No bill we track in this Congress changes it.

10 other sections of the Code cite this one, including 12 U.S.C. 1829c, 12 U.S.C. 1953, 12 U.S.C. 1957, 12 U.S.C. 1958, 12 U.S.C. 1959.

15 parts of federal rules cite it as their authority, written by Financial Crimes Enforcement Network, Department of the Treasury (13), Federal Reserve System (1), Commodity Futures Trading Commission (1).

How it got hereLaws that created or changed it, newest first

2004Intelligence Reform and Terrorism Prevention Act of 2004

2001Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001

1994Pub. L. 103-325

1992Pub. L. 102-550

1989Pub. L. 101-73

1988Pub. L. 100-690

1978Pub. L. 95-369

1970Pub. L. 91-508added it

12 U.S.C. 1829bRetention of records by insured depository institutions

(a)Congressional findings and declaration of purpose

(b)Recordkeeping regulations

(c)Identity of persons having accounts and persons authorized to act with respect to such accounts; exemptions

(d)Reproduction of checks, drafts, and other instruments; record of transactions; identity of party

(e)Identity of persons making reportable currency and foreign transactions

(f)Additions to or substitutes for required records

(g)Retention period

(h)Report to Congress by Secretary of the Treasury

(i)Application of provisions to foreign banks

(j)Civil penalties

This CongressBills that change it or would

None we track

past change
enacted this Congress
proposed

This Congress

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

How it got here

2004

Pub. L. 108–458 substituted "recognizing that" for "recognizes that". (Intelligence Reform and Terrorism Prevention Act of 2004) Law text · (a)

2001

Pub. L. 107–56 reenacted heading without change and amended text generally. Prior to amendment, text read as follows: (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (a)

1994

Pub. L. 103–325 substituted "the insured depository institution" for "the bank". · (c), (d), (e)

1992

Pub. L. 102–550, §1515(a), inserted heading, designated existing provisions as par. (1) and inserted heading, and added pars. (2) and (3). · (b)
Pub. L. 102–550, §1515(b)(1), substituted "Subject to the requirements of any regulations prescribed jointly by the Secretary and the Board under paragraph (2) or (3) of subsection (b), each insured" for "Each insured". · (c)
Pub. L. 102–550, §1515(b)(2), substituted "Subject to the requirements of any regulations prescribed jointly by the Secretary and the Board under paragraph (2) or (3) of subsection (b), whenever any" for "Whenever any". · (e)
Pub. L. 102–550, §1515(b)(3), substituted "Subject to the requirements of any regulations prescribed jointly by the Secretary and the Board under paragraph (2) or (3) of subsection (b) and in addition to" for "In addition to". · (f)
Pub. L. 102–550, §1535(b), inserted ", or any person who willfully causes such a violation," after "gross negligence violates". · (j)

1989

Pub. L. 101–73 substituted references to insured depository institutions for references to insured banks wherever appearing in this section.

1988

Pub. L. 100–690 added subsec. (j). · (j)

1978

Pub. L. 95–369 added subsec. (i). · (i)

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.