The factors that are required, under section
1814 of this title, to be considered in connection with, and enumerated in, any certificate issued pursuant to section
1814 of this title and that are required, under section
1815 of this title, to be considered by the Board of Directors in connection with any determination by such Board pursuant to section
1815 of this title are the following:
(1)The financial history and condition of the depository institution.
(2)The adequacy of the depository institution’s capital structure.
(3)The future earnings prospects of the depository institution.
(4)The general character and fitness of the management of the depository institution.
(5)The risk presented by such depository institution to the Deposit Insurance Fund.
(6)The convenience and needs of the community to be served by such depository institution.
(7)Whether the depository institution’s corporate powers are consistent with the purposes of this chapter.
1996—Par. (5). Pub. L. 104–208, § 2704(d)(14)(F), which directed substitution of “Deposit Insurance Fund” for “Bank Insurance Fund or the Savings Association Insurance Fund”, was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above.
1989—Pub. L. 101–73amended section generally. Prior to amendment, section read as follows: “The factors to be enumerated in the certificate required under section
1814 of this title and to be considered by the Board of Directors under section
1815 of this title shall be the following: The financial history and condition of the bank, the adequacy of its capital structure, its future earnings prospects, the general character of its management, the convenience and needs of the community to be served by the bank, and whether or not its corporate powers are consistent with the purposes of this chapter.”
Amendment by Pub. L. 109–171effective 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) ofPub. 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. 104–208effective Jan. 1, 1999, if no insured depository institution is a savings association on that date, see section 2704(c) ofPub. L. 104–208, formerly set out as a note under section
1821 of this title.
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
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.