Browse Arkansas Code titles and sections
12 U.S.C. § 2 — Comptroller of the Currency; appointment; term
Federal law — U.S. Code and appendices · legal_authorities
The Comptroller of the Currency shall be appointed by the President, by and with the advice and consent of the Senate, and shall hold his office for a term of five years unless sooner removed by the President, upon reasons to be communicated by him to the Senate.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 262ad314f3f17b6066d90f1d7d67a09abb9a2a358bb44f0cff26c549e1ec4891. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_485c755a650d2079f34e3677
Source file: Laws/federal/codes/united-states-code/title-12/section-2-comptroller-of-the-currency-appointment-term--b7d453bf2f.md
Pages: Not recorded – Not recorded
Passage SHA-256: 2203f7d11c19139aa0708cfd1bbcfd038d8c68dc9e10da217a501a557e64b9fe
Source location: Title 12, Chapter 1, § 2; chapter-001-the-comptroller-of-the-currency.md
Stored source content
The Comptroller of the Currency shall be appointed by the President, by and with the advice and consent of the Senate, and shall hold his office for a term of five years unless sooner removed by the President, upon reasons to be communicated by him to the Senate.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Office of the Comptroller of the Currency established** There is established in the Department of the Treasury a bureau to be known as the “Office of the Comptroller of the Currency” which is charged with assuring the safety and soundness of, and compliance with laws and regulations, fair access to financial services, and fair treatment of customers by, the institutions and other persons subject to its jurisdiction.
**(b) Comptroller of the Currency**
(1) **In general** — The chief officer of the Office of the Comptroller of the Currency shall be known as the Comptroller of the Currency. The Comptroller of the Currency shall perform the duties of the Comptroller of the Currency under the general direction of the Secretary of the Treasury. The Secretary of the Treasury may not delay or prevent the issuance of any rule or the promulgation of any regulation by the Comptroller of the Currency, and may not intervene in any matter or proceeding before the Comptroller of the Currency (including agency enforcement actions), unless otherwise specifically provided by law.
(2) **Additional authority** — The Comptroller of the Currency shall have the same authority with respect to functions transferred to the Comptroller of the Currency under the Enhancing Financial Institution Safety and Soundness Act of 2010 as was vested in the Director of the Office of Thrift Supervision on the transfer date, as defined in section 311 of that Act [[12 U.S.C. 5411](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5411&num=0&edition=prelim)].
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
The Act entitled “An Act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof,” approved June 3, 1864, shall be known as “The National Bank Act.”
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 38
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Level III of the Executive Schedule applies to the following positions, for which the annual rate of basic pay shall be the rate determined with respect to such level under chapter 11 of title 2, as adjusted by [section 5318 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5318&num=0&edition=prelim):
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 5314
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Enhanced disclosure and reporting of compensation arrangements**
(1) **In general** — Not later than 9 months after July 21, 2010, the appropriate Federal regulators jointly shall prescribe regulations or guidelines to require each covered financial institution to disclose to the appropriate Federal regulator the structures of all incentive-based compensation arrangements offered by such covered financial institutions sufficient to determine whether the compensation structure—
(A) provides an executive officer, employee, director, or principal shareholder of the covered financial institution with excessive compensation, fees, or benefits; or
(B) could lead to material financial loss to the covered financial institution.
(2) **Rules of construction** — Nothing in this section shall be construed as requiring the reporting of the actual compensation of particular individuals. Nothing in this section shall be construed to require a covered financial institution that does not have an incentive-based payment arrangement to make the disclosures required under this subsection.
**(b) Prohibition on certain compensation arrangements** Not later than 9 months after July 21, 2010, the appropriate Federal regulators shall jointly prescribe regulations or guidelines that prohibit any types of incentive-based payment arrangement, or any feature of any such arrangement, that the regulators determine encourages inappropriate risks by covered financial institutions—
(1) by providing an executive officer, employee, director, or principal shareholder of the covered financial institution with excessive compensation, fees, or benefits; or
(2) that could lead to material financial loss to the covered financial institution.
**(c) Standards** The appropriate Federal regulators
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5303
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 2
TITLE 12—BANKS AND BANKING
§ 1
Sec.
11.
Interest in national banks.
12.
Seal of Comptroller.
13.
Rooms for Currency Bureau.
14.
Report of Comptroller.
14a.
Data standards; open data publication.
15.
Repealed.
16.
Funding of Office.
§ 1. Office of the Comptroller of the Currency
(a) Office of the Comptroller of the Currency es-
tablished
There is established in the Department of the
Treasury a bureau to be known as the ‘‘Office of
the Comptroller of the Currency’’ which is
charged with assuring the safety and soundness
of, and compliance with laws and regulations,
fair access to financial services, and fair treat-
ment of customers by, the institutions and other
persons subject to its jurisdiction.
(b) Comptroller of the Currency
(1) In general
The chief officer of the Office of the Comp-
troller of the Currency shall be known as the
Comptroller of the Currency. The Comptroller
of the Currency shall perform the duties of the
Comptroller of the Currency under the general
direction of the Secretary of the Treasury.
The Secretary of the Treasury may not delay
or prevent the issuance of any rule or the pro-
mulgation of any regulation by the Comp-
troller of the Currency, and may not intervene
in any matter or proceeding before the Comp-
troller of the Currency (including agency en-
forcement actions), unless otherwise specifi-
cally provided by law.
(2) Additional authority
The Comptroller of the Currency shall have
the same authority with respect to functions
transferred to the Comptroller of the Currency
under the Enhancing Financial Institution
Safety and Soundness Act of 2010 as was vested
in the Director of the Office of Thrift Super-
vision on the transfer date, as defined in sec-
tion 311 of that Act [12 U.S.C. 5411].
(
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.