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12 U.S.C. § 25a — Participation by national banks in lotteries and related activities

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 25a — Participation by national banks in lotteries and related activities

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Source file: Laws/federal/codes/united-states-code/title-12/section-25a-participation-by-national-banks-in-lotteries-and-related-activities--9ddd229944.md
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Source location: Title 12, Chapter 2, § 25a; chapter-002-national-banks.md

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**(a) Prohibited activities** A national bank may not— (1) deal in lottery tickets; (2) deal in bets used as a means or substitute for participation in a lottery; (3) announce, advertise, or publicize the existence of any lottery; 11 So in original. The word “or” probably should appear. (4) announce, advertise, or publicize the existence or identity of any participant or winner, as such, in a lottery. **(b) Use of banking premises prohibited** A national bank may not permit— (1) the use of any part of any of its banking offices by any person for any purpose forbidden to the bank under subsection (a), or (2) direct access by the public from any of its banking offices to any premises used by any person for any purpose forbidden to the bank under subsection (a). **(c) Definitions** As used in this section— (1) The term “deal in” includes making, taking, buying, selling, redeeming, or collecting. (2) The term “lottery” includes any arrangement, other than a savings promotion raffle, whereby three or more persons (the “participants”) advance money or credit to another in exchange for the possibility or expectation that one or more but not all of the participants (the “winners”) will receive by reason of their advances more than the amounts they have advanced, the identity of the winners being determined by any means which includes— (A) a random selection; (B) a game, race, or contest; or (C) any record or tabulation of the result of one or more events in which any participant has no interest except for its bearing upon the possibility that he may become a winner. (3) The term “lottery ticket” includes any right, privilege, or possibility (and any ticket, receipt, record, or other evidence of any such right, privilege, or possibility) of becoming a winner in a lottery. (4) The term “savings promotion raffle” means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program, where each ticket or entry has an equal chance of being drawn, such contest being subject to regulations that may from time to time be promulgated by the appropriate prudential regulator (as defined in [section 5481 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5481&num=0&edition=prelim)). **(d) Lawful banking services connected with operation of lotteries** Nothing contained in this section prohibits a national bank from accepting deposits or cashing or otherwise handling checks or other negotiable instruments, or performing other lawful banking services for a State operating a lottery, or for an officer or employee of that State who is charged with the administration of the lottery. **(e) Regulations; enforcement** The Comptroller of the Currency shall issue such regulations as may be necessary to the strict enforcement of this section and the prevention of evasions thereof.

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Federal law — U.S. Code and appendices · legal_authorities

18 U.S.C. § 1306 — Participation by financial institutions

Whoever knowingly violates section 5136A 11 See References in Text note below. of the Revised Statutes of the United States, section 9A of the Federal Reserve Act, or section 20 of the Federal Deposit Insurance Act shall be fined under this title or imprisoned not more than one year, or both.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5481 — Transition oversight

**(a) Purpose** The purpose of this section is to ensure that the Bureau— (1) has an orderly and organized startup; (2) attracts and retains a qualified workforce; and (3) establishes comprehensive employee training and benefits programs. **(b) Reporting requirement** (1) **In general** — The Bureau shall submit an annual report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives that includes the plans described in paragraph (2). (2) **Plans** — The plans described in this paragraph are as follows: (A) *Training and workforce development plan* — The Bureau shall submit a training and workforce development plan that includes, to the extent practicable— (i) identification of skill and technical expertise needs and actions taken to meet those requirements; (ii) steps taken to foster innovation and creativity; (iii) leadership development and succession planning; and (iv) effective use of technology by employees. (B) *Workplace flexibilities plan* — The Bureau shall submit a workforce flexibility plan that includes, to the extent practicable— (i) telework; (ii) flexible work schedules; (iii) phased retirement; (iv) reemployed annuitants; (v) part-time work; (vi) job sharing; (vii) parental leave benefits and childcare assistance; (viii) domestic partner benefits; (ix) other workplace flexibilities; or (x) any combination of the items described in clauses (i) through (ix). (C) *Recruitment and retention plan* — The Bureau shall submit a recruitment and retention plan that includes, to the extent practicable, provisions relating to— (i) the steps necessary to target highly qualified applicant pools

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1829a — Participation by State nonmember insured banks in lotteries and related activities

**(a) Prohibited activities** A State nonmember insured bank may not— (1) deal in lottery tickets; (2) deal in bets used as a means or substitute for participation in a lottery; (3) announce, advertise, or publicize the existence of any lottery; or (4) announce, advertise, or publicize the existence or identity of any participant or winner, as such, in a lottery. **(b) Use of banking premises prohibited** A State nonmember insured bank may not permit— (1) the use of any part of any of its banking offices by any person for any purpose forbidden to the bank under subsection (a), or (2) direct access by the public from any of its banking offices to any premises used by any person for any purpose forbidden to the bank under subsection (a). **(c) Definitions** As used in this section— (1) The term “deal in” includes making, taking, buying, selling, redeeming, or collecting. (2) The term “lottery” includes any arrangement, other than a savings promotion raffle, whereby three or more persons (the “participants”) advance money or credit to another in exchange for the possibility or expectation that one or more but not all of the participants (the “winners”) will receive by reason of their advances more than the amounts they have advanced, the identity of the winners being determined by any means which includes— (A) a random selection; (B) a game, race, or contest; or (C) any record or tabulation of the result of one or more events in which any participant has no interest except for its bearing upon the possibility that he may become a winner. (3) The term “lottery ticket” includes any right, privilege, or possibility (and any ticket, receipt, record, or other evidence of any such right, privilege, or possibility), of becoming a winner in a lottery. (4) The

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 21 — Formation of national banking associations; incorporators; articles of association

Associations for carrying on the business of banking under title 62 of the Revised Statutes may be formed by any number of natural persons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. These articles shall be signed by the persons uniting to form the association, and a copy of them shall be forwarded to the Comptroller of the Currency, to be filed and preserved in his office.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 24a — Financial subsidiaries of national banks

**(a) Authorization to conduct in subsidiaries certain activities that are financial in nature** (1) **In general** — Subject to paragraph (2), a national bank may control a financial subsidiary, or hold an interest in a financial subsidiary. (2) **Conditions and requirements** — A national bank may control a financial subsidiary, or hold an interest in a financial subsidiary, only if— (A) the financial subsidiary engages only in— (i) activities that are financial in nature or incidental to a financial activity pursuant to subsection (b); and (ii) activities that are permitted for national banks to engage in directly (subject to the same terms and conditions that govern the conduct of the activities by a national bank); (B) the activities engaged in by the financial subsidiary as a principal do not include— (i) insuring, guaranteeing, or indemnifying against loss, harm, damage, illness, disability, or death (except to the extent permitted under section 302 or 303(c) of the Gramm-Leach-Bliley Act [[15 U.S.C. 6712](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6712&num=0&edition=prelim) or 6713(c)]) or providing or issuing annuities the income of which is subject to tax treatment under [section 72 of title 26](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section72&num=0&edition=prelim); (ii) real estate development or real estate investment activities, unless otherwise expressly authorized by law; or (iii) any activity permitted in subparagraph (H) or (I) of [section 1843(k)(4) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1843/k/4&num=0&edition=prelim), except activities described in [section 1843(k)(4)(H) of this title](https://uscode.house

Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 24a

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 339 — Participation by State member banks in lotteries and related activities

**(a) Prohibited activities** A State member bank may not— (1) deal in lottery tickets; (2) deal in bets used as a means or substitute for participation in a lottery; (3) announce, advertise, or publicize the existence of any lottery; 11 So in original. The word “or” probably should appear. (4) announce, advertise, or publicize the existence or identity of any participant or winner, as such, in a lottery. **(b) Use of banking premises prohibited** A State member bank may not permit— (1) the use of any part of any of its banking offices by any person for any purpose forbidden to the bank under subsection (a), or (2) direct access by the public from any of its banking offices to any premises used by any person for any purpose forbidden to the bank under subsection (a). **(c) Definitions** As used in this section— (1) The term “deal in” includes making, taking, buying, selling, redeeming, or collecting. (2) The term “lottery” includes any arrangement, other than a savings promotion raffle, whereby three or more persons (the “participants”) advance money or credit to another in exchange for the possibility or expectation that one or more but not all of the participants (the “winners”) will receive by reason of their advances more than the amounts they have advanced, the identity of the winners being determined by any means which includes— (A) a random selection; (B) a game, race, or contest; or (C) any record or tabulation of the result of one or more events in which any participant has no interest except for its bearing upon the possibility that he may become a winner. (3) The term “lottery ticket” includes any right, privilege, or possibility (and any ticket, receipt, record, or other evidence of any such right, privilege, or possibility) of becoming a

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 25a — Participation by national banks in lotteries

Page 20 TITLE 12—BANKS AND BANKING § 25 1 So in original. The word ‘‘or’’ probably should appear. this section [amending this section, sections 1817, 1831e, and 4519 of this title, sections 78c and 80a–6 of Title 15, Commerce and Trade, and section 286hh of Title 22, Foreign Relations and Intercourse] shall take effect 2 years after the date of enactment of this Act [July 21, 2010].’’ EFFECTIVE DATE Section effective 120 days after Nov. 12, 1999, see sec- tion 161 of Pub. L. 106–102, set out as an Effective Date of 1999 Amendment note under section 24 of this title. § 25. Omitted Editorial Notes CODIFICATION Section, act July 1, 1922, ch. 257, § 2, 42 Stat. 767, re- pealed all acts extending the period of succession of na- tional banking associations for 20 years, and made paragraph Second of section 24 applicable in that re- spect. § 25a. Participation by national banks in lotteries and related activities (a) Prohibited activities A national bank may not— (1) deal in lottery tickets; (2) deal in bets used as a means or substitute for participation in a lottery; (3) announce, advertise, or publicize the ex- istence of any lottery; 1 (4) announce, advertise, or publicize the ex- istence or identity of any participant or win- ner, as such, in a lottery. (b) Use of banking premises prohibited A national bank may not permit— (1) the use of any part of any of its banking offices by any person for any purpose forbid- den to the bank under subsection (a), or (2) direct access by the public from any of its banking offices to any premises used by any person for any purpose forbidden to the bank under subsection (a). (c) Definitions As used in this section— (1) The term ‘‘deal in’’ includes making, tak- ing, buying, selling, redeeming, or collecting.

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