12 U.S.C. § 4b — Deputy Comptroller for the supervision and

Page 3 TITLE 12—BANKS AND BANKING § 7 rency were omitted to conform to the provisions of the Executive Schedule. See section 5314 of Title 5, Govern- ment Organization and Employees. AMENDMENTS 1935—Act Aug. 23, 1935, struck out ‘‘on the rec- ommendation of the Secretary of the Treasury’’ after ‘‘President’’, where first appearing, and changed the salary from ‘‘$5,000 a year’’ to ‘‘$15,000 a year’’. Statutory Notes and Related Subsidiaries REPEALS Act Oct. 15, 1949, ch. 695, § 4, 63 Stat. 880, formerly cited as a credit to this section, was repealed by Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 655. Executive Documents EXCEPTION AS TO TRANSFER OF FUNCTIONS Functions vested by any provision of law in Comp- troller of the Currency, referred to in this section, were not included in transfer of functions to Secretary of the Treasury, see note set out under section 1 of this title. § 3. Oath of Comptroller The Comptroller of the Currency shall, within fifteen days from the time of notice of his ap- pointment, take and subscribe the oath of office. (R.S. § 326; Pub. L. 86–251, § 1(d), Sept. 9, 1959, 73 Stat. 488; Pub. L. 92–310, title II, § 223(a), June 6, 1972, 86 Stat. 206.) Editorial Notes CODIFICATION R.S. § 326 derived from act June 3, 1864, ch. 106, § 1, 13 Stat. 99, which was the National Bank Act. See section 38 of this title. AMENDMENTS 1972—Pub. L. 92–310 struck out provisions which re- quired the Comptroller to give a bond in the sum of $250,000. 1959—Pub. L. 86–251 increased the surety bond re- quirement from $100,000 to $250,000. § 4. Deputy Comptrollers The Secretary of the Treasury shall appoint no more than four Deputy Comptrollers of the Currency, one of whom shall be designated First Deputy Comptroller of the Currency, and shall fix their salaries. Each Deputy Comptroller shall take the oath of office and shall perform such duties as the Comptroller shall direct. Dur- ing a vacancy in the office or during the absence or disability of the Comptroller, each Deputy Comptroller shall possess the power and perform the duties attached by law to the office of the Comptroller under such order of succession fol- lowing the First Deputy Comptroller as the Comptroller shall direct. (R.S. § 327; Mar. 4, 1923, ch. 252, § 209(b), 42 Stat. 1467; Pub. L. 86–251, § 1(a), Sept. 9, 1959, 73 Stat. 487; Pub. L. 92–310, title II, § 223(b), June 6, 1972, 86 Stat. 206.) Editorial Notes CODIFICATION R.S. § 327 derived from act June 3, 1864, ch. 106, § 1, 13 Stat. 99, which was the National Bank Act. See section 38 of this title. R.S. § 327, contained after the word ‘‘Secretary’’ the following ‘‘who shall be entitled to a salary of two thousand five hundred dollars a year, and’’ which was omitted from this section on authority of act Mar. 4, 1923, § 209(b), fourth sentence, which was classified to section 9a of this title and regulated the salaries of dep- uty comptrollers. AMENDMENTS 1972—Pub. L. 92–310 struck out provisions which re- quired each Deputy Comptroller to give a bond in the sum of $100,000. 1959—Pub. L. 86–251 provided for the appointment of four Deputy Comptrollers instead of one, the designa- tion of one as the First Deputy, the fixing of salaries, increase in surety bond requirement from $50,000 to $100,000 and order of succession. Executive Documents EXCEPTION AS TO TRANSFER OF FUNCTIONS Functions vested by any provision of law in Comp- troller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under section 1 of this title. § 4a. Delegation of authority by Comptroller The Comptroller of the Currency may delegate to any duly authorized employee, representa- tive, or agent any power vested in the office by law. (R.S. § 327A, as added Pub. L. 96–221, title VII, § 707(a), Mar. 31, 1980, 94 Stat. 188.) § 4b. Deputy Comptroller for the supervision and examination of Federal savings associations The Comptroller of the Currency shall des- ignate a Deputy Comptroller, who shall be re- sponsible for the supervision and examination of Federal savings associations. (R.S. § 327B, as added Pub. L. 111–203, title III, § 314(b), July 21, 2010, 124 Stat. 1524.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective on the transfer date, see section 314(d) of Pub. L. 111–203, set out as an Effective Date of 2010 Amendment note under section 1 of this title. §§ 5, 6. Repealed. Pub. L. 86–251, § 1(b), (c)(1), Sept. 9, 1959, 73 Stat. 487, 488 Section 5, act Mar. 4, 1909, ch. 297, § 1, 35 Stat. 867, re- lated to appointment, succession in office and penal bond of assistant deputy comptroller. See section 4 of this title. Section 6, act Mar. 4, 1923, ch. 252, title II, § 209(b) (pt.), 42 Stat. 1467, related to appointment, oath of of- fice, penal bond, assigned duties and administration of national agricultural credit corporation provisions of third Deputy Comptroller. See section 4 of this title. § 7. Chief of examining division The Comptroller of the Currency may des- ignate a national bank examiner to act as chief of the examining division in his office. (Jan. 3, 1923, ch. 22, 42 Stat. 1096.) Editorial Notes CODIFICATION Section is based on Treasury Department Appropria- tion Act, 1924, act Jan. 3, 1923.