§ 204. — Examinations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC204]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER XIV--BANK CONSERVATION ACT
Sec. 204. Examinations
The Comptroller of the Currency (in consultation with the Board of
Directors of the Federal Deposit Insurance Corporation when the
Corporation is appointed conservator) is authorized to examine and
supervise the bank in conservatorship as long as the bank continues to
operate as a going concern. The Comptroller may use reports and other
information provided by the Federal Deposit Insurance Corporation for
this purpose.
(Mar. 9, 1933, ch. 1, title II, Sec. 204, 48 Stat. 3; Pub. L. 101-73,
title VIII, Sec. 803, Aug. 9, 1989, 103 Stat. 443.)
Amendments
1989--Pub. L. 101-73 amended section generally. Prior to amendment,
section read as follows: ``The Comptroller of the Currency shall cause
to be made such examinations of the affairs of such bank as shall be
necessary to inform him as to the financial condition of such bank, and
the examiner shall make a report thereon to the Comptroller of the
Currency at the earliest practicable date.''
Exception as to Transfer of Functions
Functions vested by any provision of law in Comptroller of the
Currency, referred to in this section, not included in transfer of
functions to Secretary of the Treasury, see note set out under section 1
of this title.
