12 U.S. Code § 1440 - Examinations and audits

The Director shall from time to time, at least annually, require examinations and reports of condition of all Federal Home Loan Banks in such form as the Director shall prescribe and shall furnish periodically statements based upon the reports of the banks to the Director. For the purposes of this chapter, examiners appointed by the Director shall be subject to the same requirements, responsibilities, and penalties as are applicable to examiners under the National Bank Act [12 U.S.C. 21 et seq.] and the Federal Reserve Act [12 U.S.C. 221 et seq.], and shall have, in the exercise of functions under this chapter, the same powers and privileges as are vested in such examiners by law. In addition to such examinations, the Comptroller General may audit or examine the Director and the Banks, to determine the extent to which the Director and the Banks are fairly and effectively fulfilling the purposes of this chapter.

Source

(July 22, 1932, ch. 522, § 20,47 Stat. 738; June 27, 1950, ch. 369, § 10,64 Stat. 259; Aug. 2, 1954, ch. 649, title VIII, § 802(f),68 Stat. 643; Pub. L. 101–73, title VII, §§ 701(b)(1), (3)(A), 702(b),Aug. 9, 1989, 103 Stat. 412, 415; Pub. L. 110–289, div. A, title II, § 1204(8), (9),July 30, 2008, 122 Stat. 2786.)
References in Text

The National Bank Act, referred to in text, is act June 3, 1864, ch. 106, 13 Stat. 99, as amended, which is classified principally to chapter 2 (§ 21 et seq.) of this title. For complete classification of this Act to the Code, see References in Text note set out under section 38 of this title.
The Federal Reserve Act, referred to in text, is act Dec. 23, 1913, ch. 6, 38 Stat. 251, as amended, which is classified principally to chapter 3 (§ 221 et seq.) of this title. For complete classification of this Act to the Code, see References in Text note set out under section 226 of this title and Tables.
Amendments

2008—Pub. L. 110–289substituted “The Director” for “The Board” and “the Director” for “the Board” wherever appearing.
1989—Pub. L. 101–73, § 702(b), inserted provisions relating to audit or examination by the Comptroller General.
Pub. L. 101–73, § 701(b)(1), (3)(A), substituted “Board” for “board” wherever appearing.
1954—Act Aug. 2, 1954, struck out second sentence relating to annual report of the board to Congress. See section 1437 (b) of this title.
1950—Act June 27, 1950, struck out “twice” before “annually”.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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12 USCDescription of ChangeSession YearPublic LawStatutes at Large

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12 CFR - Banks and Banking

12 CFR Part 914 - DATA AVAILABILITY AND REPORTING

12 CFR Part 917 - POWERS AND RESPONSIBILITIES OF BANK BOARDS OF DIRECTORS AND SENIOR MANAGEMENT

12 CFR Part 930 - DEFINITIONS APPLYING TO RISK MANAGEMENT AND CAPITAL REGULATIONS

12 CFR Part 931 - FEDERAL HOME LOAN BANK CAPITAL STOCK

12 CFR Part 932 - FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS

12 CFR Part 933 - BANK CAPITAL STRUCTURE PLANS

12 CFR Part 1273 - OFFICE OF FINANCE

 

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