12 U.S.C. · Banks and Banking
12 U.S.C. § 1830

Nondiscrimination

Ch. 16 — FEDERAL DEPOSIT INSURANCE CORPORATION
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 16
Statutory Text

12 U.S.C. § 1830 — Nondiscrimination

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION Sec. 1830 - Nondiscrimination From the U.S. Government Publishing Office, www.gpo.gov

§1830. Nondiscrimination

It is not the purpose of this chapter to discriminate in any manner against State nonmember banks or State savings associations and in favor of national or member banks or Federal savings associations, respectively. It is the purpose of this chapter to provide all banks and savings associations with the same opportunity to obtain and enjoy the benefits of this chapter.

(Sept. 21, 1950, ch. 967, §2[22], formerly §2[20], 64 Stat. 893; renumbered §2[21], Pub. L. 90–203, §3, Dec. 15, 1967, 81 Stat. 610; renumbered §2[22], Pub. L. 91–508, title I, §101, Oct. 26, 1970, 84 Stat. 1114; amended Pub. L. 101–73, title II, §223, Aug. 9, 1989, 103 Stat. 273.)

Editorial Notes

Prior Provisions Section is derived from subsec. (y) of former section 264 of this title. See Codification note set out under section 1811 of this title.

Amendments 1989—Pub. L. 101–73 amended section generally. Prior to amendment, section read as follows: "It is not the purpose of this chapter to discriminate in any manner against State nonmember banks and in favor of national or member banks; but the purpose is to provide all banks with the same opportunity to obtain and enjoy the benefits of this chapter. No bank shall be discriminated against because its capital stock is less than the amount required for eligibility for admission into the Federal Reserve System."

Source: uscode.house.gov — public domain Official Source ↗
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