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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 16— FEDERAL DEPOSIT INSURANCE CORPORATION · § 1814

§ 1814. Insured depository institutions

828 words·~4 min read·/usc/title-12/section-1814

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Continuation of insurance
(1)Banks Each bank, which is an insured depository institution on September 21, 1950, shall be and continue to be, without application or approval, an insured depository institution and shall be subject to the provisions of this chapter.
(2)Savings associations Each savings association the accounts of which were insured by the Federal Savings and Loan Insurance Corporation on the day before August 9, 1989, shall be, without application or approval, an insured depository institution.
(b)Continuation of insurance upon becoming a member bank In the case of an insured bank which is admitted to membership in the Federal Reserve System or an insured State bank which is converted into a national member bank, the bank shall continue as an insured bank.
(c)Continuation of insurance after conversion Subject to section 1815(d) of this title and section 1464(i)(5) of this title
(1)any State depository institution which results from the conversion of any insured Federal depository institution; and
(2)any Federal depository institution which results from the conversion of any insured State or Federal depository institution,
shall continue as an insured depository institution.
(d)Continuation of insurance after merger or consolidation Any State depository institution or any Federal depository institution which results from the merger or consolidation of insured depository institutions, or from the merger or consolidation of a noninsured depository institution with an insured depository institution, shall continue as an insured depository institution.
(Sept. 21, 1950, ch. 967, § 2[4], 64 Stat. 875; Pub. L. 97–320, title I, § 113(c), Oct. 15, 1982, 96 Stat. 1473; Pub. L. 101–73, title II, §§ 201(a), 205, Aug. 9, 1989, 103 Stat. 187, 194; Pub. L. 102–242, title I, § 115(b), Dec. 19, 1991, 105 Stat. 2249; Pub. L. 102–550, title XVI, § 1603(b)(6), Oct. 28, 1992, 106 Stat. 4079; Pub. L. 109–351, title VI, § 608(b), Oct. 13, 2006, 120 Stat. 1983.)
Connections36 cite this · traces to 5
Cited by 36 sections · top 31
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statutes-at-large
25 references not yet in our index
  • Sept. 21, 1950, ch. 967, § 2
  • 64 Stat. 875
  • Pub. L. 97–320, title I, § 113(c)
  • 96 Stat. 1473
  • Pub. L. 101–73, title II
  • 103 Stat. 187
  • Pub. L. 102–242, title I, § 115(b)
  • 105 Stat. 2249
  • Pub. L. 102–550, title XVI, § 1603(b)(6)
  • 106 Stat. 4079
  • Pub. L. 109–351, title VI, § 608(b)
  • 120 Stat. 1983
  • Pub. L. 109–351, § 608(b)(1)
  • Pub. L. 109–351, § 608(b)(2)
  • Pub. L. 102–550
  • Pub. L. 102–242, § 115(b)
  • Pub. L. 102–550, § 1603(b)(6)
  • Pub. L. 101–73, § 201(a)
  • Pub. L. 101–73, § 205(1)
  • Pub. L. 101–73, § 205(2)(A)
  • Pub. L. 101–73, § 205(2)(C)
  • Pub. L. 101–73, § 205(3)
  • Pub. L. 97–320
  • Pub. L. 102–558
  • section 304 of Pub. L. 102–558
Citation graph
cites case law
§ 1814
Insured depository institutions
Fed. Reg.×17
U.S.C.×9
Stat.×5
C.F.R.×4
Stat. Comp.×1
ActSept. 21, 1950, ch. 967, § 2
Stat.64 Stat. 875
Pub. L.Pub. L. 97–320, title I, § 113(c)
Stat.96 Stat. 1473
Pub. L.Pub. L. 101–73, title II
Cites 30 · showing 10Cited by 36 across 5 sources
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