12-U.S.C.-602
§602 – Reports and Examinations
Pathway
Title 12 > Chapter 6 > Subchapter I > Section 602
Details
- Reference: Section 602
- Legend: §602 – Reports and Examinations
- USCode Year: 2013
Provision Content
Every national banking association operating foreign branches shall be required to furnish information concerning the condition of such branches to the Comptroller of the Currency upon demand, and every member bank investing in the capital stock of banks or corporations described in section 601 of this title shall be required to furnish information concerning the condition of such banks or corporations to the Board of Governors of the Federal Reserve System upon demand, and the Board of Governors of the Federal Reserve System may order special examinations of the said branches, banks, or corporations at such time or times as it may deem best.
(Dec. 23, 1913, ch. 6, §25 (par.), 38 Stat. 273; Sept. 7, 1916, ch. 461, 39 Stat. 755; Sept. 17, 1919, ch. 60, §3, 41 Stat. 286; Aug. 23, 1935, ch. 614, title II, §203(a), 49 Stat. 704.)
Codification
Section is comprised of the fourth undesignated par. of section 25 of act Dec. 23, 1913, which comprises this subchapter. For classification of other pars. of section 25 of this Act, see Codification note under section 601 of this title.
Amendments
1919—Act Sept. 17, 1919, substituted above for subparagraph 2 of the first paragraph of this section in the original, which for purposes of codification appears in text as a reference to section 601 of this title.
1916—Act Sept. 7, 1916, substituted operating for which shall receive authority to establish foreign branches and inserted every member bank investing in the capital stock of banks or corporations described in subsection second of section 601 of this title.
Change of Name
Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.
Exception as to Transfer of Functions
Functions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under section 1 of this title.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-602 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-602, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-2901 in the Legal Encyclopedia: Investment
In this entry about 12-U.S.C.-2901, find legal reference material, bibliographies and premiere content related to investment in the American Encyclopedia of Law, presenting a comprehensive view of the United States investment-specific issues, written by authorities in the field.
Title 12 – Banks And Banking in the Legal Encyclopedia: Foreign Banking
In this entry about Title 12 – Banks And Banking, find legal reference material, bibliographies and premiere content related to foreign banking in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign banking-specific issues, written by authorities in the field.
12-U.S.C.-5706 in the Legal Encyclopedia: Business
In this entry about 12-U.S.C.-5706, find legal reference material, bibliographies and premiere content related to business in the American Encyclopedia of Law, presenting a comprehensive view of the United States business-specific issues, written by authorities in the field.
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