12 USC § 2 - Comptroller of the Currency; appointment; term

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Current through Pub. L. 113-9. (See Public Laws for the current Congress.)

The Comptroller of the Currency shall be appointed by the President, by and with the advice and consent of the Senate, and shall hold his office for a term of five years unless sooner removed by the President, upon reasons to be communicated by him to the Senate.

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Source

(R.S. § 325; Aug. 23, 1935, ch. 614, title II, § 209,49 Stat. 707.)

Codification

R.S. § 325 derived from act June 3, 1864, ch. 106, § 1,13 Stat. 99, which was the National Bank Act. See section 38 of this title.

Provisions of this section which prescribed the annual basic compensation of the Comptroller of the Currency were omitted to conform to the provisions of the Executive Schedule. See section 5314 of Title 5, Government Organization and Employees.

Amendments

1935—Act Aug. 23, 1935, struck out “on the recommendation 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”.

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Act Oct. 15, 1949, ch. 695, § 4,63 Stat. 880, formerly cited as a credit to this section, was repealed by Pub.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.

Exception as to Transfer of Functions

Functions vested by any provision of law in Comptroller 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.

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 Wednesday, May 29, 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.

How To Use

Multiple entries for a section are listed most recent first, within the section.

The Session Year indicates which session of Congress was responsible for the changes classified. The Congress number forms the first part of the Public Law number; each Congress has two sessions.

Abbreviations used in the Description of Change column:

An empty field implies a standard amendment.
"new" means a new section or new note, or all new text of an existing section or note.
"nt" means note.
"nt [tbl]" means note [table].
"prec" means preceding.
"fr" means a transfer from another section.
"to" means a transfer to another section.
"omitted" means the section is omitted.
"repealed" means the section is repealed.
"nt ed change" and "ed change" - See the Editorial Classification Change Table [pdf].

The Public Law field is linked to the development of the law in the Thomas system at the Library of Congress.

The Statutes at Large field is linked to the text of the law, in the context of its volume of the Statutes at Large, at the Government Printing Office. Please note that it takes a while for these pages to get posted, so for very recent legislation, you need to look at the "enrolled" version at the Thomas site.

The Statutes at Large references have been rendered in the format used as page numbers in the Public Law web pages to which we link, to facilitate copy-paste into browser "find on this (web) page" tools. We are still working on a more direct link facility.

For serious comparison work, we suggest copying all or a portion of the Public Law text into your favorite text editor, for convenient content traversal and window control.

Sections with change type "new" are a special case, still under development. All are now listed, at the title level only.

You will find that occassionally a specific update you notice in a Public Law listed in a classification table will already have made it into the Code. We assume this is an artifact of the LRC edit process. The LII does not edit the LRC content.

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General Reference

Refer to the LRC (Law Revision Council) for explanations about the US Code from the folks who put it all together.

You can look for information about what it is and is not, which titles are positive law, the schedule of Supplements, etc. Under download you can find the source data we use here (GPO locator files), as well as, PDF files that look just like the paper books (these may be rather large).

Refer to the Thomas site for changes that have not yet made it into the classification tables.

12 USC	Description of Change	Session Year	Public Law	Statutes at Large

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

12 CFR - Banks and Banking

12 CFR 1 - INVESTMENT SECURITIES

12 CFR 5 - RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES

12 CFR 7 - BANK ACTIVITIES AND OPERATIONS

12 CFR Part 13 - GOVERNMENT SECURITIES SALES PRACTICES

12 CFR Part 14 - CONSUMER PROTECTION IN SALES OF INSURANCE

12 CFR Part 16 - SECURITIES OFFERING DISCLOSURE RULES

12 CFR Part 23 - LEASING

12 CFR Part 27 - FAIR HOUSING HOME LOAN DATA SYSTEM

12 CFR Part 28 - INTERNATIONAL BANKING ACTIVITIES

12 CFR Part 32 - LENDING LIMITS

12 CFR Part 34 - REAL ESTATE LENDING AND APPRAISALS

12 CFR Part 37 - DEBT CANCELLATION CONTRACTS AND DEBT SUSPENSION AGREEMENTS

12 CFR Part 41 - FAIR CREDIT REPORTING

LII has no control over and does not endorse any external Internet site that contains links to or references LII.

12 USC § 2 - Comptroller of the Currency; appointment; term

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