The law › Title 12, Banks and Banking › Chapter 2

12 U.S.C. 92a: Trust powers

Created in 1962 by Public Law 87-722. Changed by 2 later laws. No bill we track in this Congress changes it.

2 other sections of the Code cite this one, including 12 U.S.C. 93, 15 U.S.C. 78c.

5 parts of federal rules cite it as their authority, written by Comptroller of the Currency, Department of the Treasury (4), Federal Reserve System (1).

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

2012Pub. L. 112-231

1980Pub. L. 96-221

1962Pub. L. 87-722created it

12 U.S.C. 92aTrust powers

(a)Authority of Comptroller of the Currency

(b)Grant and exercise of powers deemed not in contravention of State or local law

(c)Segregation of fiduciary and general assets; separate books and records; access of State banking authorities to reports of examinations, books, records, and assets

(d)Prohibited operations; separate investment account; collateral for certain funds used in conduct of business

(e)Lien and claim upon bank failure

(f)Deposits of securities for protection of private or court trusts; execution of and exemption from bond

(g)Officials' oath or affidavit

(h)Loans of trust funds to officers and employees prohibited; penalties

(i)Considerations determinative of grant or denial of applications; minimum capital and surplus for issuance of permit

(j)Surrender of authorization; board resolution; Comptroller certification; activities affected; regulations

(k)Revocation; procedures applicable

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

2012

Pub. L. 112–231, §2(b)(1)(A), struck out "committee of estates of lunatics," before "or in any other fiduciary capacity". Law text · (a)
Pub. L. 112–231, §2(b)(1)(B), struck out "committee of estates of lunatics" before "or other fiduciary, under court, private,". Law text · (j)

1980

Pub. L. 96–221 added subsec. (k). · (k)

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.