12 usc 1831u meaning Beginning on June 1, 1997, the responsible agency may approve a merger transaction under section 1828(c) of this title between insured banks with different home States, without regard to whether such transaction is prohibited under the law of any State. (b)(3). -Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch of an insured State nonmember bank which is established and operated pursuant to an application approved under this paragraph in the same manner and to the same extent such provisions of such section apply to a branch of a State 12 U. Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch of a national bank which is established and operated pursuant to an application approved under this subsection in the same manner and to the same extent such provisions of such section 1831u of this title apply to a branch of a national bank which §1831u. Citation: 12 U. Jun 1, 1997 · Searchable text of the 12 USC 1831u - Interstate bank mergers (US Code), including Notes, Amendments, and Table of Authorities. Interstate consolidations and mergers (a) In general. Prior to amendment, text read as follows: “Any insured depository institution which, under subsection (c) or (d), accepts funds obtained, directly or indirectly, by or through a deposit broker, may not pay a rate of interest on such funds which, at the time that such funds are Beginning on June 1, 1997, the responsible agency may approve a merger transaction under section 1828(c) of this title between insured banks with different home States, without regard to whether such transaction is prohibited under the law of any State. Searchable text of the 12 USC 3101 - Definitions or 1831u of this title, the term “persons affiliated with any such foreign bank” shall mean (A) any §1831u TITLE 12—BANKS AND BANKING Page 1152 as follows: ‘‘Include conspicuously in all advertising and at each place where deposits are normally received a notice that the institution is not federally insured. 1980—Pub. Section 131(b) of Pub. 103–328, title I, §102(b)(4)(D), Sept. Section, acts June 16 Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch of a national bank which is established and operated pursuant to an application approved under this subsection in the same manner and to the same extent such provisions of such section 1831u of this title apply to a branch of a national bank which Jul 19, 2019 · Pub. §1831. 3 of title 12, Code of Federal Regulations, or any successor thereto; and. ]) shall, after notice and opportunity Interstate bank mergers - 12 US Code Section 1831u (2022) No provision of this subsection shall be construed as affecting the authority of any State to limit, by statute, regulation, or order, the percentage of the total amount of deposits of insured depository institutions in the State which may be held or controlled by any bank or bank holding company (including all insured depository May 31, 1997 · (a) Approval of interstate merger transactions authorized (1) In general. (3) related to §1831u. gov §1831. (3) generally. ’’ Subsec. 2365, provided that: "No provision of this title [enacting sections 43, 215a–1, 1831u, and 1835a of this title, amending sections 30, 36, 215, 215a, 215b, 1462a, 1820, 1828, 1831a, 1831r–1, 1841, 1842, 1846, 2906, 3103 to 3105, and 3106a of this title and section 1927 of Title 7 (A) the term "investment grade", with respect to an obligation, has the meaning given the term in section 1. The term "subsidiary" has the same meaning as in section 1841 of this title. 96–221 repealed Pub. §1811 TITLE 12—BANKS AND BANKING Page 952 this title and section 905 of Title 2, The Congress, en-acting provisions set out as notes under sections 1817 and 1821 of this title, and repealing provisions set out as notes under section 1821 of this title] may be cited as the ‘Federal Deposit Insurance Reform Act of 2005’. Banks that charge a higher rate violate the law and may trigger the penalties for usury described in 12 USC 86. deposit insurer’ have the same meaning as in section 43(f) of the Federal Deposit Insurance Act [12 U. S. 1831t(f)] (as added by subsection (a)). (A) the term "investment grade", with respect to an obligation, has the meaning given the term in section 1. 2365, provided that: "No provision of this title [enacting sections 43, 215a–1, 1831u, and 1835a of this title, amending sections 30, 36, 215, 215a, 215b, 1462a, 1820, 1828, 1831a, 1831r–1, 1841, 1842, 1846, 2906, 3103 to 3105, and 3106a of this title and section 1927 of Title 7 adequately capitalized (1) Adequately capitalized The term “adequately capitalized” has the same meaning as in section 1831o of this title . Jan 1, 2024 · Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch of a national bank which is established and operated pursuant to an application approved under this subsection in the same manner and to the same extent such provisions of such section 1831u of this title apply to a branch of a national bank which §1831u. 2 of title 12, Code of Federal Regulations, or any successor thereto; (B) the term "liquid and readily-marketable" has the meaning given the term in section 249. 2351. Prior to amendment, par. Interstate consolidations and mergers: Section Text (a) In general. Interstate bank mergers (a) Approval of interstate merger transactions authorized (1) In general Beginning on June 1, 1997, the responsible agency may approve a merger transaction Effective June 1, 1997, a State nonmember bank may not acquire, establish, or operate a branch in any State other than the bank’s home State (as defined in section 1831u(f)(4) 1 of this title) or a State in which the bank already has a branch unless the acquisition, establishment, or operation of a branch in such State by a State nonmember The provisions of this chapter limiting the insurance of the deposits of any depositor to a maximum less than the full amount shall be independent and separable from each and all of the provisions of this chapter. (a)(1)(A)(vi), is act May 9, 1956, ch. 109–351, §505(d), amended par. Stafford Disaster Relief and Emergency Assistance Act [42 U. 1831u. C. (f) of section 1831u no longer defines the terms “host State”, “home State”, and “out-of-State bank”. United States Code, 2015 Edition Title 12 - BANKS AND BANKING CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION Sec. Separability of certain provisions of this chapter. 102–242 provided that: "Each appropriate Federal banking agency (as defined in section 3 of the Federal Deposit Insurance Act (12 U. Each Federal Home Loan Bank shall at all times have at least an amount equal to the current deposits received from its members invested in (1) obligations of the United States, (2) deposits in banks or trust companies, (3) advances with a maturity of not to exceed five years which are made to members, upon such terms and conditions as the Director may prescribe, and (4) advances with a §1831u. (e) Exclusive authority for additional branches §1811 TITLE 12—BANKS AND BANKING Page 952 1817, 1820, 1821, 1828, 1841, 1842, 1881, 3206, and 3207 of this title and sections 78c, 78l, and 78q of Title 15, Commerce and Trade, and enacting provisions set out as notes under section 321 of this title] may be cited as the ‘2004 District of Columbia Omnibus Authorization Act’. Separability of certain provisions of this chapter antitrust laws (2) Antitrust laws The term “antitrust laws”— (A) has the same meaning as in subsection (a) of section 12 of title 15 ; and (B) includes section 45 of title 15 to the extent such section 45 relates to unfair methods of competition. Aug 1, 2020 · Pub. (e) and struck out former subsec. (3) Branch §1831u. L. 96–161, resulting in the striking out of “or in the case of business or agricultural loans in the amount of $25,000 or more, at a rate of 5 per centum in excess of the discount rate on ninety-day commercial paper in effect at the Federal Reserve bank in the Federal Reserve district where the bank is Pub. 209, §4, as added Pub. Any national bank or any bank incorporated under the laws of any State may, with the approval of the Comptroller, be consolidated with one or more national banking associations located in the same State under the charter of a national banking association on such terms and conditions as may merger transaction (7) Merger transaction The term “merger transaction” has the meaning determined under section 1828(c)(3) of this title . 3 of title 12, Code of Federal Regulations, or any successor thereto; and Dec 19, 1991 · Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch and agency of a foreign bank which is established and operated pursuant to an application approved under this subsection in the same manner and to the same extent such provisions of such section apply to a domestic branch of a national or State Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch of a national bank which is established and operated pursuant to an application approved under this subsection in the same manner and to the same extent such provisions of such section 1831u of this title apply to a branch of a national bank which “This section [amending this section and sections 1815 to 1818, 1821 to 1825, 1827, 1828, 1831a, 1831e, 1831m, 1831n, and 1831o of this title and repealing section 1831h of this title] and the amendments made by this section shall take effect on the day of the merger of the Bank Insurance Fund and the Savings Association Insurance Fund [Mar Subsection (a) shall not apply with respect to any consolidation or merger before June 1, 1997, unless the home State of each bank involved in the transaction has in effect a law described in section 1831u(a)(3) of this title. The terms "home State" and "out-of-State bank" have the same meaning as in section 1831u(f) 1 of this Jul 15, 2022 · Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch of a national bank which is established and operated pursuant to an application approved under this subsection in the same manner and to the same extent such provisions of such section 1831u of this title apply to a branch of a national bank which Oct 27, 2022 · The conversion application meets the requirements of 12 USC 35 and 1464(i)(5). §1831u. 2365, provided that: “No provision of this title [enacting sections 43, 215a–1, 1831u, and 1835a of this title, amending sections 30, 36, 215, 215a, 215b, 1462a, 1820, 1828, 1831a, 1831r–1, 1841, 1842, 1846, 2906, 3103 to 3105, and 3106a of this title and section 1927 of Title 7 §1831u. Pub. merger transaction (7) Merger transaction The term “merger transaction” has the meaning determined under section 1828(c)(3) of this title . Title 12 USC 85 regulates the maximum rate of interest that national banks may charge on most types of loans. The terms "home State" and "out-of-State bank" have the same meaning as in section 1831u(f) 1 of this The Board is authorized upon application by a bank to extend, from time to time for not more than one year at a time, the two-year period referred to above for disposing of any shares acquired by a bank in the regular course of securing or collecting a debt previously contracted in good faith, if, in the Board’s judgment, such an extension would not be detrimental to the public interest, but Subsection (a) shall not apply with respect to any consolidation or merger before June 1, 1997, unless the home State of each bank involved in the transaction has in effect a law described in section 1831u(a)(3) of this title. 133, which is SUBCHAPTER XVI—CONSOLIDATION AND MERGER §215. 2365, provided that: "No provision of this title [enacting sections 43, 215a–1, 1831u, and 1835a of this title, amending sections 30, 36, 215, 215a, 215b, 1462a, 1820, 1828, 1831a, 1831r–1, 1841, 1842, 1846, 2906, 3103 to 3105, and 3106a of this title and section 1927 of Title 7 §1831u. section 1831u(a)(3) of this title. However, such terms are defined A national bank resulting from an interstate merger transaction (as defined in section 1831u(f)(6) of this title) may maintain and operate a branch in a State other than the home State (as defined in subsection (g)(3)(B) of this section) of such bank in accordance with section 1831u of this title. 1341. (c) Definitions The terms ‘‘home State’’ and ‘‘out-of-State bank’’ have the same meaning as in section 1831u(f)1of this title. ’’ For complete classification of this Act to the Code, see Short Title of 1970 Amendment note set out under section 1841 of this title and Tables. Interstate bank mergers: Section Text Dec 19, 1991 · For complete classification of this Act to the Code, see section 80a–51 of Title 15 and Tables. Under 12 USC 1464(i)(5), a federal savings association chartered and in operation before November 12, 1999, with branches in one or more states in operation before November 12, 1999, may, with the approval of the Comptroller, convert into a national bank. 1831 - Separability of certain provisions of this chapter From the U. Section 1831u of this title, referred to in subsec. 1813)) (and the Corporation, acting in the Corporation's capacity as insurer of depository institutions under that Act [12 U. adequately capitalized (1) Adequately capitalized The term “adequately capitalized” has the same meaning as in section 1831o of this title . 1384, provided that: "This title [enacting sections 24a, 1820a, 1828a, 1828b, 1831v, 1831w, and 1848a of this title and section 6701 of Title 15, Commerce and Trade, amending this section, sections 25a, 335, 371c, 1821, 1835a, 1841 to 1844, 1849, 1850, 1864, 1971, 2903, 3101, 3106, and Notwithstanding chapters 1 to 11 of title 40 and division C (except sections 3302, 3307(e), 3501(b), 3509, 3906, 4710, and 4711) of subtitle I of title 41, the Secretary may select associations as financial agents in accordance with any process the Secretary deems appropriate and their reasonable duties may include the provision of electronic The term "adequately capitalized" has the same meaning as in section 1831o of this title. Interstate bank mergers (a) Approval of interstate merger transactions authorized (1) In general Beginning on June 1, 1997, the responsible agency may approve a merger transaction under section 1828(c) of this title between in-sured banks with different home States, with- §215a–1. ’’ §1831u. (e). 2018—Subsec. 3 of title 12, Code of Federal Regulations, or any successor thereto; and Subsection (a) shall not apply with respect to any consolidation or merger before June 1, 1997, unless the home State of each bank involved in the transaction has in effect a law described in section 1831u(a)(3) of this title. 7, 1918, ch. § 215a-1 (2022) Section Name §215a–1. ) Editorial Notes REFERENCES INTEXT §1831u. The Bank Holding Company Act of 1956, referred to in subsec. (2) Antitrust laws. Jun 1, 1997 · Searchable text of the 12 USC 1831u - Interstate bank mergers (US Code), including Notes, Amendments, and Table of Authorities has the same meaning as in section §1831u. Jan 1, 2001 · had its principal place of business within an area in which the President, pursuant to section 401 of the Robert T. Flagstar (A) the term "investment grade", with respect to an obligation, has the meaning given the term in section 1. (B) Interstate mergers under 12 U. A national bank may engage in a consolidation or merger under this subchapter with an out-of-State bank if the consolidation or merger is approved pursuant to section 1831u of this title. gpo. 1831u(b)(3). § 1831u (2021) Section Name §1831u. 115–174, § 202(b), added subsec. 96–104 and title II of Pub. All Titles Title 12 Chapter 16 Pub. 106–102, title I, §161, Nov. 1811 et seq. (Nov. (j)(4), was subsequently amended, and subsec. General Rule Section 85 authorizes national banks to charge interest on loans at the rates §1831u. Jun 1, 1997 · In the case of an interstate merger transaction which involves the acquisition of a branch of an insured bank without the acquisition of the bank, the branch shall be treated, for purposes of this section, as an insured bank the home State of which is the State in which the branch is located. The terms "home State" and "out-of-State bank" have the same meaning as in section 1831u(f) 1 of this antitrust laws (2) Antitrust laws The term “antitrust laws”— (A) has the same meaning as in subsection (a) of section 12 of title 15 ; and (B) includes section 45 of title 15 to the extent such section 45 relates to unfair methods of competition. 103–328, title I, §111, Sept. 29, 1994, 108 Stat. Consolidation of banks within same State (a) In general. (c) Definitions. Government Publishing Office, www. The OCC considers the CRA record of performance of the filer and its resulting bank affiliates and the filer's record of compliance with applicable State community reinvestment laws when required by 12 U. 12, 1999, 113 Stat. The term "antitrust laws"-(A) has the same meaning as in subsection (a) of section 12 of title 15; and (B) includes section 45 of title 15 to the extent such section 45 relates to unfair methods of competition. Amendments. 5170], has determined, on or after February 28, 1997, that a major disaster exists, or within an area determined to be eligible for disaster relief under other Federal law by reason of damage related to the 1997 Pub. (4) Home State The term “home State”— (A) means— (i) with respect to a national bank, the State in which the main office of the bank is located; and (ii) with respect to a State bank, the State by which the bank is chartered; and (B) with respect to a bank holding company, has the same meaning as in section 1841(o)(4) of this title . 3 of title 12, Code of Federal Regulations, or any successor thereto; and §1831u. 240, 70 Stat. The provisions of this chapter limiting the insurance of the deposits of any depositor to a maximum less than the full amount shall be independent and separable from each and all of the provisions of this chapter. 12, 1991] each Federal banking agency shall amend the regulations and guidelines of the agency establishing minimum acceptable capital levels to provide that any Amendments. (2) State election to prohibit interstate merger transactions (A) In general Sep 3, 2024 · Notwithstanding paragraph (1), a merger transaction may not be approved pursuant to paragraph (1) if the transaction involves a bank the home State of which has enacted a law after September 29, 1994, and before June 1, 1997, that— 2021 US Code Title 12 - Banks and Banking Chapter 16 Download PDF. 1384, provided that: "This title [enacting sections 24a, 1820a, 1828a, 1828b, 1831v, 1831w, and 1848a of this title and section 6701 of Title 15, Commerce and Trade, amending this section, sections 25a, 335, 371c, 1821, 1835a, 1841 to 1844, 1849, 1850, 1864, 1971, 2903, 3101, 3106, and Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch of a national bank which is established and operated pursuant to an application approved under this subsection in the same manner and to the same extent such provisions of such section 1831u of this title apply to a branch of a national bank which Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch of a national bank which is established and operated pursuant to an application approved under this subsection in the same manner and to the same extent such provisions of such section 1831u of this title apply to a branch of a national bank which adequately capitalized (1) Adequately capitalized The term “adequately capitalized” has the same meaning as in section 1831o of this title . 106–102, title I, §101(a), Nov. Interstate bank mergers (a) Approval of interstate merger transactions authorized (1) In general Beginning on June 1, 1997, the responsible agency may approve a merger transaction Dec 19, 1991 · To provide consistent regulatory treatment of loans made for the construction of single family housing, not later than the expiration of the 120-day period beginning on the date of this Act [probably means date of enactment, Dec. Dec 19, 1991 · Subsections (c) and (d)(2) of section 1831u of this title shall apply with respect to each branch and agency of a foreign bank which is established and operated pursuant to an application approved under this subsection in the same manner and to the same extent such provisions of such section apply to a domestic branch of a national or State §1831u TITLE 12—BANKS AND BANKING Page 1158 §1831u. Interstate bank mergers (a) Approval of interstate merger transactions authorized (1) In general Beginning on June 1, 1997, the responsible agency may approve a merger transaction under section 1828(c) of this title between insured banks with different home States, without regard to whether such transaction is prohibited under the law Jun 1, 1997 · In the case of an interstate merger transaction which involves the acquisition of a branch of an insured bank without the acquisition of the bank, the branch shall be treated, for purposes of this section, as an insured bank the home State of which is the State in which the branch is located. (ii) Operation. Interstate bank mergers (a) Approval of interstate merger transactions authorized (1) In general. jmficyeqyanylslprvrkfudarnaznvxrmelemvoounkpwsqsghqb