Appropriate Federal Banking Agency Law and Legal Definition
According to 12 USCS § 1813 (q), the term appropriate Federal banking agency means--
“(1) the Comptroller of the Currency, in the case of any national banking association or any Federal branch or agency of a foreign bank;
(2) the Board of Governors of the Federal Reserve System, in the case of--
(A) any State member insured bank,
(B) any branch or agency of a foreign bank with respect to any provision of the Federal Reserve Act which is made applicable under the International Banking Act of 1978,
(C) any foreign bank which does not operate an insured branch,
(D) any agency or commercial lending company other than a Federal agency,
(E) supervisory or regulatory proceedings arising from the authority given to the Board of Governors under section 7(c)(1) of the International Banking Act of 1978, including such proceedings under the Financial Institutions Supervisory Act of 1966, and
(F) any bank holding company and any subsidiary of a bank holding company (other than a bank);
(3) the Federal Deposit Insurance Corporation in the case of a State nonmember insured bank or a foreign bank having an insured branch; and
(4) the Director of the Office of Thrift Supervision in the case of any savings association or any savings and loan holding company.
Under the rule set forth in this subsection, more than one agency may be an appropriate Federal banking agency with respect to any given institution.”
Legal Definition list
- Appropriate Congressional Committee
- Appropriate Committees of Congress
- Approbate and Reprobate
- Approach the Witness
- Approach
- Appropriate Federal Banking Agency
- Appropriate Federal Financial Supervisory Agency [Banks & Banking]
- Appropriate Financial Regulator [Banks & Banking]
- Appropriate Local Emergency Authority
- Appropriate Modes of Communication [Education]
- Appropriate Official
Related Legal Terms
- Abstraction [Banking]
- Accommodation Maker(Banking)
- Accompanying the Federal Government Outside the United States
- Account [Banks & Banking]
- Accredited Agency [Adoption]
- Accrediting Agency [Education]
- Acting in Concert [Banks & Banking]
- Active Voters [Federal Elections]
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
