Code of Federal Regulations · Section
§ 304.11 — Authority, Purpose, And Scope
12 C.F.R. § 304.11
(a) Authority. This subpart is issued pursuant to 12 U.S.C. 1464(v), and section 7 (12 U.S.C. 1817(a)(12)) and section 9 (12 U.S.C. 1819 Tenth) of the Federal Deposit Insurance Act.
(b) Purpose. This subpart implements 12 U.S.C. 1817(a)(12) to allow reduced reporting for a covered depository institution when such institution makes its reports of condition for the first and third calendar quarters of a year.
(c) Scope. This subpart applies to an insured depository institution, as that term is defined in section 3(c) of the Federal Deposit Insurance Act, 12 U.S.C. 1813(c), that meets the definition of a covered depository institution under § 304.12.
(d) Preservation of authority. Nothing in this subpart in any way limits the authority of the Corporation under other provisions of applicable law and regulation.
Authorizing Statute
-
Definitions12 U.S.C. § 1813
-
Federal savings associations12 U.S.C. § 1464
-
Assessments12 U.S.C. § 1817
-
Corporate powers12 U.S.C. § 1819
-
Supervision of savings associations12 U.S.C. § 1463