WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 3

12 U.S.C. 324: Laws applicable on becoming members

Created in 1959 by Public Law 86-230. Changed by 2 later laws. No bill we track in this Congress changes it.

1 other section of the Code cite this one, including 12 U.S.C. 3105.

1 part of federal rules cite it as their authority, written by Federal Reserve System (1).

This Congress

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

    How it got here

    1994

    • Pub. L. 103–325 struck out before period at end "and shall be published by the reporting banks in such manner and in accordance with such regulations as the said Board may prescribe".

    1989

    • Pub. L. 101–73 substituted provisions for different and increasing levels of penalties, assessment and collection of penalties, and agency hearings for provision that failure to make such reports within ten days after the date they were called for would subject the offending bank to a penalty of $1…

    1959

    • Pub. L. 86–230 required State member banks to comply with section 60(b) of this title and inserted provisions requiring a reference to the Comptroller of the Currency to be deemed a reference to the Board of Governors of the Federal Reserve System.

    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.