§ 211. — Rules and regulations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC211]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER XIV--BANK CONSERVATION ACT
Sec. 211. Rules and regulations
(a) In general
The Comptroller of the Currency may prescribe such rules and
regulations as the Comptroller may deem necessary to carry out the
provisions of this Act.
(b) F.D.I.C. as conservator
In any case in which the Federal Deposit Insurance Corporation is
the conservator, any rules or regulations prescribed by the Comptroller
shall be consistent with any rules and regulations prescribed by the
Federal Deposit Insurance Corporation pursuant to the Federal Deposit
Insurance Act [12 U.S.C. 1811 et seq.].
(Mar. 9, 1933, ch. 1, title II, Sec. 211, 48 Stat. 5; Pub. L. 101-73,
title VIII, Sec. 807, Aug. 9, 1989, 103 Stat. 446.)
References in Text
This Act, referred to in subsec. (a), is act Mar. 9, 1933, ch. 1, 48
Stat. 1, as amended, popularly known as the Emergency Banking and Bank
Conservation Act, which is classified to sections 51a, 51b, 51c, 51d, 95
to 95b, 201 to 212, 248, 347b, 347c, 347d, and 445 of this title and
section 5 of Title 50, Appendix, War and National Defense.
Section 51d of this title was repealed by act June 30, 1947, ch.
166, title II, Sec. 206(b), (o), 61 Stat. 208. For effect of the repeal
on outstanding debentures held by banks, see References in Text note set
out under section 51b-1 of this title.
The Federal Deposit Insurance Act, referred to in subsec. (b), is
act Sept. 21, 1950, ch. 967, Sec. 2, 64 Stat. 873, as amended, which is
classified generally to chapter 16 (Sec. 1811 et seq.) of this title.
For complete classification of this Act to the Code, see Short Title
note set out under section 1811 of this title and Tables.
Amendments
1989--Pub. L. 101-73 amended section generally. Prior to amendment,
section read as follows: ``The Comptroller of the Currency is authorized
and empowered, with the approval of the Secretary of the Treasury, to
prescribe such rules and regulations as he may deem necessary in order
to carry out the provisions of this subchapter. Whoever violates any
rule or regulation made pursuant to this section shall be deemed guilty
of a misdemeanor and, upon conviction thereof, shall be fined not more
than $5,000, or imprisoned not more than one year, or both.''
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.
