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12 U.S.C. § 252 — Credit availability assessment
Federal law — U.S. Code and appendices · legal_authorities
**(a) Study**
(1) **In general** — Not later than 12 months after September 30, 1996, and once every 60 months thereafter, the Board, in consultation with the Director of the Office of Thrift Supervision, the Comptroller of the Currency, the Board of Directors of the Corporation, the Administrator of the National Credit Union Administration, the Administrator of the Small Business Administration, and the Secretary of Commerce, shall conduct a study and submit a report to the Congress detailing the extent of small business lending by all creditors.
(2) **Contents of study** — The study required under paragraph (1) shall identify, to the extent practicable, those factors which provide policymakers with insights into the small business credit market, including—
(A) the demand for small business credit, including consideration of the impact of economic cycles on the levels of such demand;
(B) the availability of credit to small businesses;
(C) the range of credit options available to small businesses, such as those available from insured depository institutions and other providers of credit;
(D) the types of credit products used to finance small business operations, including the use of traditional loans, leases, lines of credit, home equity loans, credit cards, and other sources of financing;
(E) the credit needs of small businesses, including, if appropriate, the extent to which such needs differ, based upon product type, size of business, cash flow requirements, characteristics of ownership or investors, or other aspects of such business;
(F) the types of risks to creditors in providing credit to small businesses; and
(G) such other factors as the Board deems appropriate.
**(b) Use of existing data** The studies required by this section shall not
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Source location: Title 12, Chapter 3, § 252; chapter-003-federal-reserve-system.md
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**(a) Study**
(1) **In general** — Not later than 12 months after September 30, 1996, and once every 60 months thereafter, the Board, in consultation with the Director of the Office of Thrift Supervision, the Comptroller of the Currency, the Board of Directors of the Corporation, the Administrator of the National Credit Union Administration, the Administrator of the Small Business Administration, and the Secretary of Commerce, shall conduct a study and submit a report to the Congress detailing the extent of small business lending by all creditors.
(2) **Contents of study** — The study required under paragraph (1) shall identify, to the extent practicable, those factors which provide policymakers with insights into the small business credit market, including—
(A) the demand for small business credit, including consideration of the impact of economic cycles on the levels of such demand;
(B) the availability of credit to small businesses;
(C) the range of credit options available to small businesses, such as those available from insured depository institutions and other providers of credit;
(D) the types of credit products used to finance small business operations, including the use of traditional loans, leases, lines of credit, home equity loans, credit cards, and other sources of financing;
(E) the credit needs of small businesses, including, if appropriate, the extent to which such needs differ, based upon product type, size of business, cash flow requirements, characteristics of ownership or investors, or other aspects of such business;
(F) the types of risks to creditors in providing credit to small businesses; and
(G) such other factors as the Board deems appropriate.
**(b) Use of existing data** The studies required by this section shall not increase the regulatory or paperwork burden on regulated financial institutions, other sources of small business credit, or small businesses.
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Federal law — U.S. Code and appendices · legal_authorities
There shall be within the Council a subcommittee to be known as the “Appraisal Subcommittee”, which shall consist of the designees of the heads of the Federal financial institutions regulatory agencies, the Bureau of Consumer Financial Protection, and the Federal Housing Finance Agency. Each such designee shall be a person who has demonstrated knowledge and competence concerning the appraisal profession. At all times at least one member of the Appraisal Subcommittee shall have demonstrated knowledge and competence through licensure, certification, or professional designation within the appraisal profession.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section, act June 29, 1948, ch. 711, § 2, 62 Stat. 1091, related to establishment of Bureau of Federal Credit Unions. See [section 1752a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1752a&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment; composition** There is established the Financial Institutions Examination Council which shall consist of—
(1) the Comptroller of the Currency,
(2) the Chairman of the Board of Directors of the Federal Deposit Insurance Corporation,
(3) a Governor of the Board of Governors of the Federal Reserve System designated by the Chairman of the Board,
(4) the Director of the Consumer Financial Protection Bureau,
(5) the Chairman of the National Credit Union Administration Board, and
(6) the Chairman of the State Liaison Committee.
**(b) Chairmanship** The members of the Council shall select the first chairman of the Council. Thereafter the chairmanship shall rotate among the members of the Council.
**(c) Term of office** The term of the Chairman of the Council shall be two years.
**(d) Designation of officers and employees** The members of the Council may, from time to time, designate other officers or employees of their respective agencies to carry out their duties on the Council.
**(e) Compensation and expenses** Each member of the Council shall serve without additional compensation but shall be entitled to reasonable expenses incurred in carrying out his official duties as such a member.
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Federal law — U.S. Code and appendices · legal_authorities
As used in this chapter—
**(a) Definitions of bank and related terms**
(1) **Bank** — The term “bank”—
(A) means any national bank and State bank, and any Federal branch and insured branch;
(B) includes any former savings association.
(2) **State bank** — The term “State bank” means any bank, banking association, trust company, savings bank, industrial bank (or similar depository institution which the Board of Directors finds to be operating substantially in the same manner as an industrial bank), or other banking institution which—
(A) is engaged in the business of receiving deposits, other than trust funds (as defined in this section); and
(B) is incorporated under the laws of any State or which is operating under the Code of Law for the District of Columbia,
including any cooperative bank or other unincorporated bank the deposits of which were insured by the Corporation on the day before August 9, 1989.
(3) **State** — The term “State” means any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands.
**(b) Definition of savings associations and related terms**
(1) **Savings association** — The term “savings association” means—
(A) any Federal savings association;
(B) any State savings association; and
(C) any corporation (other than a bank) that the Board of Directors and the Comptroller of the Currency jointly determine to be operating in substantially the same manner as a savings association.
(2) **Federal savings association** — The term “Federal savings association” means any Federal savings association or Federal savings bank which is chartered under [section 1464 of t
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1813
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Federal law — U.S. Code and appendices · legal_authorities
This chapter may be cited as the “Federal Credit Union Act”.
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Federal law — U.S. Code and appendices · legal_authorities
Page 101
TITLE 12—BANKS AND BANKING
§ 253
§ 251. Repealed. Pub. L. 104–208, div. A, title II,
§ 2224(a), Sept. 30, 1996, 110 Stat. 3009–415
Section, Pub. L. 102–242, title IV, § 477, Dec. 19, 1991,
105 Stat. 2387; Pub. L. 102–550, title XVI, § 1606(i)(3), Oct.
28, 1992, 106 Stat. 4089, required Board of Governors of
Federal Reserve System to collect and publish informa-
tion on availability of credit to small businesses.
§ 252. Credit availability assessment
(a) Study
(1) In general
Not later than 12 months after September 30,
1996, and once every 60 months thereafter, the
Board, in consultation with the Director of the
Office of Thrift Supervision, the Comptroller
of the Currency, the Board of Directors of the
Corporation, the Administrator of the Na-
tional Credit Union Administration, the Ad-
ministrator of the Small Business Administra-
tion, and the Secretary of Commerce, shall
conduct a study and submit a report to the
Congress detailing the extent of small busi-
ness lending by all creditors.
(2) Contents of study
The study required under paragraph (1) shall
identify, to the extent practicable, those fac-
tors which provide policymakers with insights
into the small business credit market, includ-
ing—
(A) the demand for small business credit,
including consideration of the impact of eco-
nomic cycles on the levels of such demand;
(B) the availability of credit to small busi-
nesses;
(C) the range of credit options available to
small businesses, such as those available
from insured depository institutions and
other providers of credit;
(D) the types of credit products used to fi-
nance small business operations, including
the use of traditional loans, leases, lines of
credit, home equity loans, credit cards, and
other sources of financ
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 252
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