(Pub. L. 95–630, title X, § 1006,Nov. 10, 1978, 92 Stat. 3695; Pub. L. 97–320, title IV, § 431,Oct. 15, 1982, 96 Stat. 1527; Pub. L. 101–73, title VII, § 744(a)(3),Aug. 9, 1989, 103 Stat. 438; Pub. L. 103–325, title V, § 530,Sept. 23, 1994, 108 Stat. 2267.)
1994—Subsec. (g). Pub. L. 103–325
added subsec. (g).
1989—Subsec. (d). Pub. L. 101–73
inserted “and employees of the Federal Housing Finance Board” after “supervisory agencies”.
1982—Subsec. (b)(2). Pub. L. 97–320
substituted “unacceptable” for “unaccepted”.
Report on Consistent Use of Financial Terminology
Section 210 ofPub. L. 103–325
provided that: “Not later than 2 years after the date of enactment of this Act [Sept. 23, 1994], the Financial Institutions Examination Council shall report to the Congress on its recommendations for the use of consistent financial terminology by depository institutions for small business loans or leases of personal property which are sold for the creation of small business related securities (as defined in section 3(a)(53)(A) of the Securities Exchange Act of 1934 [15
Examination Improvement Program
Pub. L. 102–242
, title I, § 111(d),Dec. 19, 1991, 105 Stat. 2241
, provided that:
“(1) In general.—The appropriate Federal banking agencies, acting through the Federal Financial Institutions Examination Council, shall each establish a comparable examination improvement program that meets the requirements of paragraph (2).
“(2) Requirements.—An examination improvement program meets the requirements of this paragraph if, under the program, the agency is required—
“(A) to periodically review the organization and training of the staff of the agency who are responsible for conducting examinations of insured depository institutions and to make such improvements as the agency determines to be appropriate to ensure frequent, objective, and thorough examinations of such institutions; and
“(B) to increase the number of examiners, supervisors, and other individuals employed by the agency in connection with conducting or supervising examinations of insured depository institutions to the extent necessary to ensure frequent, objective, and thorough examinations of such institutions.”
Study on Regulatory Burden
Pub. L. 102–242
, title II, § 221,Dec. 19, 1991, 105 Stat. 2305
, provided that:
“(a) In General.—Not later than 1 year after the date of enactment of this Act [Dec. 19, 1991], the Federal Financial Institutions Examination Council, in consultation with individuals representing insured depository institutions, consumers, community groups, and other interested parties, shall—
“(1) review the policies and procedures, and recordkeeping and documentation requirements used to monitor and enforce compliance with—
“(A) all laws under the jurisdiction of the Federal banking agencies; and
“(B) all laws affecting insured depository institutions under the jurisdiction of the Secretary of the Treasury;
“(2) determine whether such policies, procedures, and requirements impose unnecessary burdens on insured depository institutions; and
“(3) identify any revisions of such policies, procedures, and requirements that could reduce unnecessary burdens on insured depository institutions without in any respect—
“(A) diminishing either compliance with or enforcement of consumer laws in any respect; or
“(B) endangering the safety and soundness of insured depository institutions.
“(b) Report.—Not later than 1 year after the date of enactment of this Act [Dec. 19, 1991], the Federal Financial Institutions Examination Council shall submit to the Congress a report describing the revisions identified under subsection (a)(3).
“(c) Definitions.—For purposes of this section, the terms ‘insured depository institution’ and ‘Federal banking agency’ have the same meanings as in section 3 of the Federal Deposit Insurance Act [12
Study and Report Assessing Feasibility and Usefulness of Depository Institutions Making Small Business Loans To Compile and Disclose Loan Information
Pub. L. 96–399
, title III, § 340(d),Oct. 8, 1980, 94 Stat. 1659
, directed Federal Financial Institutions Examination Council, in consultation with Administrator of Small Business Administration, to conduct a study to assess feasibility and usefulness of requiring depository institutions which make small business loans to compile and publicly disclose information regarding such loans, and directed Council to submit a report on results of such study, together with recommendations, to Senate Committee on Banking, Housing, and Urban Affairs and House Committee on Banking, Finance and Urban Affairs not later than Mar. 1, 1981.
Evaluation and Report on Feasibility and Desirability of Establishing a Unified System for Enforcing Fair Lending Laws and Regulations
Pub. L. 96–399
, title III, § 340(e),Oct. 8, 1980, 94 Stat. 1659
, directed Federal Financial Institutions Examination Council to transmit a report to Congress not later than Sept. 30, 1982, on feasibility and desirability of establishing a unified system for enforcing fair lending laws and regulations, implementing Community Reinvestment Act of 1977 [12
et seq.], and satisfying public disclosure purposes of Home Mortgage Disclosure Act of 1975 [12
et seq.], such report to evaluate status and effectiveness of data collection and analysis systems of such agencies involving fair lending and community reinvestment, and to outline possible specific timetables for implementing such a unified system.