Banking and Finance Sector-Specific Plan - U.S. Department of ...

Federal Reserve Board
U.S. Code & Regulations Date Subject
12 U.S.C. § 248(a) Federal Reserve Act authorizes the Board to examine the accounts, books, and
affairs of each member bank.
12 U.S.C. § 1844(c) Bank Holding Act of 1956 authorizes the Board to examine each holding company
and subsidiary (except for functionally regulated non-bank subsidiaries,
e.g., registered broker dealers and insurance underwriters).
12 U.S.C. § 3105 (c) International Banking Act of 1978 authorizes the Board to examine each
branch or agency of a foreign bank.
12 U.S.C. § 611, et seq. and 12 CFR
§ 211.13(b)
12 U.S.C. § 1861, et seq. Bank Service Company Act
Authorizes the Board to examine Edge and Agreement corporations.
12 U.S.C. § 1867 (a) and (c) Bank Service Company Act authorizes the Board to examine bank service companies
owned by State member-insured banks and any independent company
that performs the same type of services for State member-insured banks that
are authorized under the Bank Service Company Act.
National Credit Union Administration
U.S. Code & Regulations Date Subject
12 U.S.C. § 1751, et seq. Federal Credit Union Act provides the authority for the National Credit Union
Administration to regulate and insure federally and State-chartered credit
unions.
12 CFR Parts 700-796 National Credit Union Administration Rules and Regulations implement the
provisions of the Federal Credit Union Act.
Appendix : Statutory Authorities