The law › Title 12, Banks and Banking › Chapter 23
12 U.S.C. 2254: Examinations
Created in 1971 by Public Law 92-181. Changed by 8 later laws. 1 bill in this Congress would change it.
1 other section of the Code cite this one, including 12 U.S.C. 2252.
5 parts of federal rules cite it as their authority, written by Farm Credit Administration (5).
- past change
- enacted this Congress
- proposed
This Congress
- H.R. 7567 Farm, Food, and National Security Act of 2026 · passed house · would change (a)
How it got here
2018
- Pub. L. 115–334, §5411(31)(A), substituted "Each institution" for "Except for Federal land bank associations, each institution" and struck out "Each Federal land bank association shall be examined by Farm Credit Administration examiners at such times as the Farm Credit Administration B… (Agriculture Improvement Act of 2018) Law text · (a)
- Pub. L. 115–334, §5411(31)(B), struck out par. (1) designation before "Each institution", struck out ", except with respect to any actions taken by any banks of the System under section 2159(b) of this title," after "accounting principles" and "Notwithstanding the provisions of the pre… (Agriculture Improvement Act of 2018) Law text · (b)
- Pub. L. 115–334, §5404, added subsec. (e). (Agriculture Improvement Act of 2018) Law text · (e)
1996
- Pub. L. 104–105 substituted "during each 18-month period" for "each year" in first sentence. (Farm Credit System Reform Act of 1996) Law text · (a)
1992
- Pub. L. 102–552, §512, substituted "may include, if appropriate" for "shall include" in third sentence. · (a)
- Pub. L. 102–552, §513(b), added subsec. (d). · (d)
1990
- Pub. L. 101–624 inserted after third sentence "Examination of banks shall include an analysis of the compensation paid to the chief executive officer and the salary scales of the employees of the bank." · (a)
1988
- Pub. L. 100–399, §416(c), substituted "at least once every three years" for "at least once every 5 years". · (a)
- Pub. L. 100–233, §432(b), substituted "Except for Federal land bank associations, each" for "Each", substituted "the Board" for "the Chairman of the Board" in two places, and inserted after first sentence "Each Federal land bank association shall be examined by Farm Credit Administration examiners … · (a)
- Pub. L. 100–233, §205(b), designated existing provisions as par. (1) and added pars. (2) and (3). · (b)
- Pub. L. 100–399, §204, substituted "the third sentence of paragraph (1)" for "this section". · (b)
1986
- Pub. L. 99–509 substituted second and third sentences for former second sentence which read as follows: "Each such report shall contain financial statements prepared in accordance with generally accepted accounting principles and contain such additional information as the Farm Credit A… · (b)
1985
- Pub. L. 99–205 in amending section generally, revised and restated existing provisions in subsec. (a) and added subsecs. (b) and (c). Prior to amendment, section read as follows: "Except as provided herein, each institution of the System, and each of their agents, at such times as the Governor of t…
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.