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

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

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

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Stable record: federal_law:legal_authorities:record_usc_d720aafb755f8620e80f5647
Source file: Laws/federal/codes/united-states-code/title-12/section-339-participation-by-state-member-banks-in-lotteries-and-related-activities--e78ca01e4b.md
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Source location: Title 12, Chapter 3, § 339; chapter-003-federal-reserve-system.md

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**(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 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 lottery** Nothing contained in this section prohibits a State member 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 Board of Governors of the Federal Reserve System 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

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. § 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 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

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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. § 339 — Participation by State member banks in

Page 120 TITLE 12—BANKS AND BANKING § 339 1 So in original. The word ‘‘or’’ probably should appear. 1 See References in Text note below. Pub. L. 109–173, in fourth sentence, substituted ‘‘De- posit Insurance Fund’’ for ‘‘affected deposit insurance fund’’. Pub. L. 109–171 repealed Pub. L. 104–208, § 2704(d)(8). See 1996 Amendment note below. 1996—Pub. L. 104—208, § 2704(d)(8), which directed the amendment of the fourth sentence by substituting ‘‘De- posit Insurance Fund’’ for ‘‘affected deposit insurance fund’’, was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amend- ment note above. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2006 AMENDMENT Amendment by Pub. L. 109–173 effective Mar. 31, 2006, see section 9(j) of Pub. L. 109–173, set out as a note under section 24 of this title. Amendment by Pub. L. 109–171 effective no later than the first day of the first calendar quarter that begins after the end of the 90-day period beginning Feb. 8, 2006, see section 2102(c) of Pub. L. 109–171, set out as a Merger of BIF and SAIF note under section 1821 of this title. EFFECTIVE DATE OF 1996 AMENDMENT Amendment by Pub. L. 104–208 effective Jan. 1, 1999, if no insured depository institution is a savings asso- ciation on that date, see section 2704(c) of Pub. L. 104–208, formerly set out as a note under section 1821 of this title. § 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 ex- istence of any lottery; 1 (4) announce, advertise, or publicize the ex- istence or iden

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