12 U.S. Code § 3207 - Rules and regulations

Regulations to carry out this chapter, including regulations that permit service by a management official that would otherwise be prohibited by section 3202 of this title or section 3203 of this title, if such service would not result in a monopoly or substantial lessening of competition, may be prescribed by—
(1) the Comptroller of the Currency with respect to national banks and Federal savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation),
(2) the Board of Governors of the Federal Reserve System with respect to State banks which are members of the Federal Reserve System, bank holding companies, and savings and loan holding companies,
(3) the Board of Directors of the Federal Deposit Insurance Corporation with respect to State banks which are not members of the Federal Reserve System but the deposits of which are insured by the Federal Deposit Insurance Corporation and State savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation),
(4) the National Credit Union Administration with respect to credit unions the accounts of which are insured by the National Credit Union Administration.

Source

(Pub. L. 95–630, title II, § 209,Nov. 10, 1978, 92 Stat. 3675; Pub. L. 103–325, title III, § 338(b),Sept. 23, 1994, 108 Stat. 2236; Pub. L. 104–208, div. A, title II, § 2210(c),Sept. 30, 1996, 110 Stat. 3009–410; Pub. L. 108–386, § 8(e)(2),Oct. 30, 2004, 118 Stat. 2232; Pub. L. 111–203, title III, § 360(2),July 21, 2010, 124 Stat. 1549.)
Amendments

2010—Par. (1). Pub. L. 111–203, § 360(2)(A), inserted “and Federal savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation)” before the comma.
Par. (2). Pub. L. 111–203, § 360(2)(B), substituted “, bank holding companies, and savings and loan holding companies” for “, and bank holding companies”.
Par. (3). Pub. L. 111–203, § 360(2)(C), substituted “Corporation and State savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation),” for “Corporation,”.
Pars. (4), (5). Pub. L. 111–203, § 360(2)(D), (E), redesignated par. (5) as (4) and struck out former par. (4) which read as follows: “the Director of the Office of Thrift Supervision with respect to institutions the accounts of which are insured by the Federal Deposit Insurance Corporation, and savings and loan holding companies, and”.
2004—Par. (1). Pub. L. 108–386struck out “and banks located in the District of Columbia” after “national banks”.
1996—Pub. L. 104–208redesignated subsec. (a) as entire section, in introductory provisions, substituted “Regulations” for “Rules and regulations” and inserted “, including regulations that permit service by a management official that would otherwise be prohibited by section 3202 of this title or section 3203 of this title, if such service would not result in a monopoly or substantial lessening of competition,” after “chapter”, in par. (4), substituted “Director of the Office of Thrift Supervision” for “Federal Home Loan Bank Board” and “Federal Deposit Insurance Corporation” for “Federal Savings and Loan Insurance Corporation”, and struck out subsecs. (b) and (c), which related to regulatory standards, and to limited exception for management official consignment program, respectively.
1994—Pub. L. 103–325designated existing provisions as subsec. (a), inserted heading, struck out “, including rules or regulations which permit service by a management official which would otherwise be prohibited by section 3202 orsection 3203 of this title,” after “Rules and regulations to carry out this chapter” in introductory provisions, and added subsecs. (b) and (c).
Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203effective on the transfer date, see section 351 ofPub. L. 111–203, set out as a note under section 906 of Title 2, The Congress.
Effective Date of 2004 Amendment

Amendment by Pub. L. 108–386effective Oct. 30, 2004, and, except as otherwise provided, applicable with respect to fiscal year 2005 and each succeeding fiscal year, see sections 8(i) and 9 ofPub. L. 108–386, set out as notes under section 321 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

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12 USCDescription of ChangeSession YearPublic LawStatutes at Large

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

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12 CFR - Banks and Banking

12 CFR Part 26 - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 196 - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 212 - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 303 - FILING PROCEDURES

12 CFR Part 348 - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 563f - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 711 - MANAGEMENT OFFICIAL INTERLOCKS

 

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