Browse Arkansas Code titles and sections
12 U.S.C. § 2907 — Operation of branch facilities by minorities and women
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** In the case of any depository institution which donates, sells on favorable terms (as determined by the appropriate Federal financial supervisory agency), or makes available on a rent-free basis any branch of such institution which is located in any predominantly minority neighborhood to any minority depository institution or women’s depository institution, the amount of the contribution or the amount of the loss incurred in connection with such activity may be a factor in determining whether the depository institution is meeting the credit needs of the institution’s community for purposes of this chapter.
**(b) Definitions** For purposes of this section—
(1) **Minority depository institution** — The term “minority institution” 11 So in original. Probably should be “minority depository institution”. means a depository institution (as defined in [section 1813(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813/c&num=0&edition=prelim))—
(A) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and
(B) more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals.
(2) **Women’s depository institution** — The term “women’s depository institution” means a depository institution (as defined in [section 1813(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813/c&num=0&edition=prelim))—
(A) more than 50 percent of the ownership or control of which is held by 1 or more women;
(B) more than 50 percent of the net profit or loss of which accrues to 1 or more women; and
(C) a significant percentage of senior management positions of which are held by women.
(3) **Minority**
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2907
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: 1c36c00f8aabbfceee97ebe9b3f2bcb274130d633ddf9eb8ab43a1526d0d7e5b. 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_7872df9d0905b7971b9e4037
Source file: Laws/federal/codes/united-states-code/title-12/section-2907-operation-of-branch-facilities-by-minorities-and-women--12c9918bf5.md
Pages: Not recorded – Not recorded
Passage SHA-256: 12f241f464754aadd03fb2fd585770420e8a00f998776add5186cb2d6786433e
Source location: Title 12, Chapter 30, § 2907; chapter-030-community-reinvestment.md
Stored source content
**(a) In general** In the case of any depository institution which donates, sells on favorable terms (as determined by the appropriate Federal financial supervisory agency), or makes available on a rent-free basis any branch of such institution which is located in any predominantly minority neighborhood to any minority depository institution or women’s depository institution, the amount of the contribution or the amount of the loss incurred in connection with such activity may be a factor in determining whether the depository institution is meeting the credit needs of the institution’s community for purposes of this chapter.
**(b) Definitions** For purposes of this section—
(1) **Minority depository institution** — The term “minority institution” 11 So in original. Probably should be “minority depository institution”. means a depository institution (as defined in [section 1813(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813/c&num=0&edition=prelim))—
(A) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and
(B) more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals.
(2) **Women’s depository institution** — The term “women’s depository institution” means a depository institution (as defined in [section 1813(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813/c&num=0&edition=prelim))—
(A) more than 50 percent of the ownership or control of which is held by 1 or more women;
(B) more than 50 percent of the net profit or loss of which accrues to 1 or more women; and
(C) a significant percentage of senior management positions of which are held by women.
(3) **Minority** — The term “minority” has the meaning given to such term by section 1204(c)(3) of the Financial Institutions Reform, Recovery and Enforcement Act of 1989.
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) Establishment of Corporation** There is hereby established a Federal Deposit Insurance Corporation (hereinafter referred to as the “Corporation”) which shall insure, as hereinafter provided, the deposits of all banks and savings associations which are entitled to the benefits of insurance under this chapter, and which shall have the powers hereinafter granted.
**(b) Asset disposition division**
(1) **Establishment** — The Corporation shall have a separate division of asset disposition.
(2) **Management** — The division of asset disposition shall have an administrator who shall be appointed by the Board of Directors.
(3) **Responsibilities of division** — The division of asset disposition shall carry out all of the responsibilities of the Corporation under this chapter relating to the liquidation of insured depository institutions and the disposition of assets of such institutions.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1811
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
This chapter may be cited as the “Federal Home Loan Bank Act.”
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1421
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 1477
TITLE 12—BANKS AND BANKING
§ 2908
1 So in original. Probably should be ‘‘minority depository insti-
tution’’.
(e) Definitions
For purposes of this section the following defi-
nitions shall apply:
(1) Domestic branch
The term ‘‘domestic branch’’ means any
branch office or other facility of a regulated
financial institution that accepts deposits, lo-
cated in any State.
(2) Metropolitan area
The term ‘‘metropolitan area’’ means any
primary metropolitan statistical area, metro-
politan statistical area, or consolidated met-
ropolitan statistical area, as defined by the
Director of the Office of Management and
Budget, with a population of 250,000 or more,
and any other area designated as such by the
appropriate
Federal
financial
supervisory
agency.
(3) State
The term ‘‘State’’ has the same meaning as
in section 1813 of this title.
(Pub. L. 95–128, title VIII, § 807, as added Pub. L.
101–73, title XII, § 1212(b), Aug. 9, 1989, 103 Stat.
527; amended Pub. L. 102–242, title II, § 222, Dec.
19, 1991, 105 Stat. 2306; Pub. L. 103–328, title I,
§ 110, Sept. 29, 1994, 108 Stat. 2364.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in subsecs. (b)(1)(A)(i) and
(c)(3), was in the original ‘‘this Act’’ and was translated
as reading ‘‘this title’’, meaning title VIII of Pub. L.
95–128, known as the Community Reinvestment Act of
1977, to reflect the probable intent of Congress.
AMENDMENTS
1994—Subsec. (b)(1). Pub. L. 103–328, § 110(b), redesig-
nated existing provisions as subpar. (A) and former sub-
pars. (A) to (C) as cls. (i) to (iii), respectively, of sub-
par. (A), inserted subpar. (A) heading, and added sub-
par. (B).
Subsecs. (d), (e). Pub. L. 103–328, § 110(a), added sub-
secs. (d) and (e).
1991—Subsec. (a)(1). Pub. L. 1
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2907
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.