Browse Arkansas Code titles and sections
12 U.S.C. § 1831v — Authority of State insurance regulator and Securities and Exchange Commission
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Notwithstanding any other provision of law, the provisions of—
(1) [section 1844(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1844/c&num=0&edition=prelim) that limit the authority of the Board of Governors of the Federal Reserve System to require reports from, to make examinations of, or to impose capital requirements on holding companies and their functionally regulated subsidiaries or that require deference to other regulators;
(2) [section 1844(g) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1844/g&num=0&edition=prelim) that limit the authority of the Board to require a functionally regulated subsidiary of a holding company to provide capital or other funds or assets to a depository institution subsidiary of the holding company and to take certain actions including requiring divestiture of the depository institution; and
(3) section 1848a 11 See References in Text note below. of this title that limit whatever authority the Board might otherwise have to take direct or indirect action with respect to holding companies and their functionally regulated subsidiaries;
shall also limit whatever authority that a Federal banking agency might otherwise have under any statute or regulation to require reports, make examinations, impose capital requirements, or take any other direct or indirect action with respect to any functionally regulated affiliate of a depository institution, subject to the same standards and requirements as are applicable to the Board under those provisions.
**(b) Certain exemption authorized** No provision of this section shall be construed as preventing the Corporation, if the Corporation finds it necessary to determine the condition of a
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1831v
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: 3fcf022089621ddf4f26e5f420de24c2a2ed44b8594b2386d3b3c98b8d79a137. 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_bc0de6edc50157d97ad82e65
Source file: Laws/federal/codes/united-states-code/title-12/section-1831v-authority-of-state-insurance-regulator-and-securities-and-exchange-commi--d14a26da5d.md
Pages: Not recorded – Not recorded
Passage SHA-256: 4e6991e234f955c7a522bd823737ce56e0e0b536163bc619a7ad330f348ad820
Source location: Title 12, Chapter 16, § 1831v; chapter-016-federal-deposit-insurance-corporation.md
Stored source content
**(a) In general** Notwithstanding any other provision of law, the provisions of—
(1) [section 1844(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1844/c&num=0&edition=prelim) that limit the authority of the Board of Governors of the Federal Reserve System to require reports from, to make examinations of, or to impose capital requirements on holding companies and their functionally regulated subsidiaries or that require deference to other regulators;
(2) [section 1844(g) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1844/g&num=0&edition=prelim) that limit the authority of the Board to require a functionally regulated subsidiary of a holding company to provide capital or other funds or assets to a depository institution subsidiary of the holding company and to take certain actions including requiring divestiture of the depository institution; and
(3) section 1848a 11 See References in Text note below. of this title that limit whatever authority the Board might otherwise have to take direct or indirect action with respect to holding companies and their functionally regulated subsidiaries;
shall also limit whatever authority that a Federal banking agency might otherwise have under any statute or regulation to require reports, make examinations, impose capital requirements, or take any other direct or indirect action with respect to any functionally regulated affiliate of a depository institution, subject to the same standards and requirements as are applicable to the Board under those provisions.
**(b) Certain exemption authorized** No provision of this section shall be construed as preventing the Corporation, if the Corporation finds it necessary to determine the condition of a depository institution for insurance purposes, from examining an affiliate of any depository institution, pursuant to [section 1820(b)(4) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1820/b/4&num=0&edition=prelim), as may be necessary to disclose fully the relationship between the depository institution and the affiliate, and the effect of such relationship on the depository institution.
**(c) Definitions** For purposes of this section, the following definitions shall apply:
(1) **Functionally regulated subsidiary** — The term “functionally regulated subsidiary” has the meaning given the term in [section 1844(c)(5) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1844/c/5&num=0&edition=prelim).
(2) **Functionally regulated affiliate** — The term “functionally regulated affiliate” means, with respect to any depository institution, any affiliate of such depository institution that is—
(A) not a depository institution holding company; and
(B) a company described in any clause of [section 1844(c)(5)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1844/c/5/B&num=0&edition=prelim).
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
Upon duly making and filing articles of association and an organization certificate a national banking association shall become, as from the date of the execution of its organization certificate, a body corporate, and as such, and in the name designated in the organization certificate, it shall have power—
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 24
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
### Statutory Notes
Section, act May 9, 1956, ch. 240, § 10A, as added Pub. L. 106–102, title I, § 113, Nov. 12, 1999, 113 Stat. 1368, related to limitation on rulemaking, prudential, supervisory, and enforcement authority of the Board.
#### Effective Date of Repeal
Repeal effective on the transfer date, see section 604(j) of Pub. L. 111–203, set out as an Effective Date of 2010 Amendment note under [section 1462 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1462&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1848a
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) Representations of deposit insurance**
(1) **Insured depository institutions**
(A) *In general* — Each insured depository institution shall display at each place of business maintained by that institution a sign or signs relating to the insurance of the deposits of the institution, in accordance with regulations to be prescribed by the Corporation.
(B) *Statement to be included* — Each sign required under subparagraph (A) shall include a statement that insured deposits are backed by the full faith and credit of the United States Government.
(2) **Regulations** — The Corporation shall prescribe regulations to carry out this subsection, including regulations governing the substance of signs required by paragraph (1) and the manner of display or use of such signs.
(3) **Penalties** — For each day that an insured depository institution continues to violate paragraph (1) or any regulation issued under paragraph (2), it shall be subject to a penalty of not more than $100, which the Corporation may recover for its use.
(4) **False advertising, misuse of FDIC names, and misrepresentation to indicate insured status**
(A) *Prohibition on false advertising and misuse of FDIC names* — No person may represent or imply that any deposit liability, obligation, certificate, or share is insured or guaranteed by the Corporation, if such deposit liability, obligation, certificate, or share is not insured or guaranteed by the Corporation—
(i) by using the terms “Federal Deposit”, “Federal Deposit Insurance”, “Federal Deposit Insurance Corporation”, any combination of such terms, or the abbreviation “FDIC” as part of the business name or firm name of any person, including any corporation, partnership, business trust, association, or other business entity; or
(ii)
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1828
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 1193
TITLE 12—BANKS AND BANKING
§ 1831v
1 See References in Text note below.
(5) Host State
The term ‘‘host State’’ means, with respect
to a bank, a State, other than the home State
of the bank, in which the bank maintains, or
seeks to establish and maintain, a branch.
(6) Interstate merger transaction
The term ‘‘interstate merger transaction’’
means any merger transaction approved pur-
suant to subsection (a)(1).
(7) Merger transaction
The term ‘‘merger transaction’’ has the
meaning determined under section 1828(c)(3) of
this title.
(8) Out-of-State bank
The term ‘‘out-of-State bank’’ means, with
respect to any State, a bank whose home
State is another State.
(9) Out-of-State bank holding company
The term ‘‘out-of-State bank holding com-
pany’’ means, with respect to any State, a
bank holding company whose home State is
another State.
(10) Responsible agency
The term ‘‘responsible agency’’ means the
agency determined in accordance with section
1828(c)(2) of this title with respect to a merger
transaction.
(11) Resulting bank
The term ‘‘resulting bank’’ means a bank
that has resulted from an interstate merger
transaction under this section.
(Sept. 21, 1950, ch. 967, § 2[44], as added Pub. L.
103–328, title I, § 102(a), Sept. 29, 1994, 108 Stat.
2343; amended Pub. L. 106–102, title VII, § 731,
Nov. 12, 1999, 113 Stat. 1477; Pub. L. 111–32, title
V, § 504(a), June 24, 2009, 123 Stat. 1880; Pub. L.
111–83, title V, § 563(a), (b), Oct. 28, 2009, 123 Stat.
2183; Pub. L. 111–203, title VI, § 607(b), July 21,
2010, 124 Stat. 1608.)
Editorial Notes
REFERENCES IN TEXT
The American Recovery and Reinvestment Act of
2009, referred to in subsec. (f)(1)(B)(i)(IV), is Pub. L.
111–5, Feb. 17, 2009, 123 Stat. 115. For complete classi-
ficati
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1831v
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.