WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 32

12 U.S.C. 3105: Authority of Federal Reserve System

Created in 1978 by Public Law 95-369. Changed by 5 later laws. No bill we track in this Congress changes it.

8 other sections of the Code cite this one, including 12 U.S.C. 347d, 12 U.S.C. 372, 12 U.S.C. 461, 12 U.S.C. 1813, 12 U.S.C. 1820.

7 parts of federal rules cite it as their authority, written by Federal Reserve System (4), Federal Deposit Insurance Corporation (3).

This Congress

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

    How it got here

    2010

    • Pub. L. 111–203, §173(a), added subpar. (E). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §173(b), added subpar. (C). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)

    1996

    • Pub. L. 104–208, §2214(a)(1), inserted heading. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
    • Pub. L. 104–208, §2214(a)(2), added cl. (iii). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
    • Pub. L. 104–208, §2214(a)(3), added subpar. (C) and struck out heading and text of former subpar. (C). Text read as follows: "Each branch or agency of a foreign bank shall be examined at least once during each 12-month period (beginning on the date the most recent examination of … (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
    • Pub. L. 104–208, §2214(a)(4), inserted ", only to the same extent that fees are collected by the Board for examination of any State member bank" before period at end. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
    • Pub. L. 104–208, §2214(b)(1), substituted "Except as provided in paragraph (6), the Board" for "The Board". (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (d)
    • Pub. L. 104–208, §2214(b)(2), substituted "The Board" for "Consistent with the standards for approval in paragraph (2), the Board". (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (d)
    • Pub. L. 104–208, §2214(b)(3), added pars. (6) and (7). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (d), (7)
    • Pub. L. 104–208, §2214(c), designated existing provisions as cl. (i), substituted "and" for "or" at end, and added cl. (ii). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (e)

    1994

    • Pub. L. 103–328 added subsec. (k). · (k)

    1992

    • Pub. L. 102–550, §1604(a)(1)(A), substituted "against which— · (e)
    • Pub. L. 102–550, §1604(a)(1)(B), substituted "order referred to in subparagraph (A)" for "order issued under paragraph (1)". · (e)
    • Pub. L. 102–550, §1604(a)(2), substituted "public" for "publc". · (e)
    • Pub. L. 102–550, §1507, added subsec. (i). · (i)
    • Pub. L. 102–550, §1604(a)(12), made technical amendment to directory language of Pub. L. 102–242, §214(b). See 1991 Amendment note below. · (j)
    • Pub. L. 102–550, §1604(a)(13), substituted "Supervisory Committee" for "Supervisory committee". · (j)

    1991

    • Pub. L. 102–242, §203(a), added par. (1), inserted heading for par. (2), and struck out former par. (1) which read as follows: "The Board may make examinations of each branch or agency of a foreign bank, and of each commercial lending company or bank controlled by one or more foreign b… · (c)
    • Pub. L. 102–242, §202(a), added subsecs. (d) to (h) and struck out former subsec. (d) which read as follows: "On or before two years after September 17, 1978, the Board after consultation with the appropriate State bank supervisory authorities shall report to the Committee on B… · (d), (e), (f), (g), (h)
    • Pub. L. 102–242, §214(b), as amended by Pub. L. 102–550, §1604(a)(12), added subsec. (j). · (j)

    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.