§ 325. — 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: 12USC325]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER VIII--STATE BANKS AS MEMBERS OF SYSTEM
Sec. 325. Examinations
As a condition of membership such banks shall likewise be subject to
examinations made by direction of the Board of Governors of the Federal
Reserve System or of the Federal reserve bank by examiners selected or
approved by the Board of Governors of the Federal Reserve System.
(Dec. 23, 1913, ch. 6, Sec. 9 (par.), as added June 21, 1917, ch. 32,
Sec. 3, 40 Stat. 233; amended Aug. 23, 1935, ch. 614, title II,
Sec. 203(a), 49 Stat. 704.)
Codification
Section is comprised of the seventh par. of section 9 of act Dec.
23, 1913, as amended. The seventh par. constituted the fifth par. of
section 9 in 1917 (40 Stat. 232), became the sixth par. in 1927 (44
Stat. 1229), and became the seventh par. in 1950 (64 Stat. 458). For
further details, see Codification note set out under section 321 of this
title.
Change of Name
Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve
Board to Board of Governors of the Federal Reserve System.
