§ 1814. Insured depository institutions
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/usc/title-12/section-1814A 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.)
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- Public Law 102–242To require the least-cost resolution of insured depository institutions, to improve supervision and examinations, to provide additional resources to the Bank Insurance Fund, and for other purposes
- Public Law 101–73To reform, recapitalize, and consolidate the Federal deposit insurance system, to enhance the regulatory and enforcement powers of Federal financial institutions regulatory agencies, and for other purposes
- Public Law 109–351To provide regulatory relief and improve productivity for insured depository institutions, and for other purposes
- Public Law 97–320To revitalize the housing industry by strengthening the financial stability of home mortgage lending institutions and ensuring the availability of home mortgage loans
- Public Law 102–550To amend and extend certain laws relating to housing and community development, and for other purposes
statute-compilations
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
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§ 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