12 USC Ch. 17: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 17-BANK HOLDING COMPANIES
CHAPTER 17-BANK HOLDING COMPANIES
Sec.
1841.
Definitions.
1842.
Acquisition of bank shares or assets.
(a)
Prior approval of Board as necessary; exceptions; disposition, time extension; subsequent approval or disposition upon disapproval.
(b)
Application for approval; notice to Comptroller of Currency or State authority; views and recommendations; disapproval; hearing; order of Board; nonaction deemed grant of application; procedure in emergencies or probable failures requiring immediate Board action and orders.
(c)
Factors for consideration by Board.
(d)
Interstate banking.
(e)
Insured depository institution.
(f)
Repealed.
(g)
Mutual bank holding company.
1843.
Interests in nonbanking organizations.
(a)
Ownership or control of voting shares of any company not a bank; engagement in activities other than banking.
(b)
Statement purporting to represent shares of any company except a bank or bank holding company.
(c)
Exemptions.
(d)
Exemption of company controlling one bank prior to July 1, 1968.
(e)
Divestiture of nonexempt shares.
(f)
Certain companies not treated as bank holding companies.
(g)
Limitations on certain banks.
(h)
Tying provisions.
(i)
Acquisition of savings associations.
(j)
Notice procedures for nonbanking activities.
(k)
Engaging in activities that are financial in nature.
(l)
Conditions for engaging in expanded financial activities.
(m)
Provisions applicable to financial holding companies that fail to meet certain requirements.
(n)
Authority to retain limited nonfinancial activities and affiliations.
(o)
Regulation of certain financial holding companies.
1844.
Administration.
(a)
Registration of bank holding company.
(b)
Regulations and orders.
(c)
Reports and examinations.
(d)
Reports to the Congress; recommendations.
(e)
Termination of activities or ownership or control of nonbank subsidiaries constituting serious risk.
(f)
Powers of Board respecting applications, examinations, or other proceedings.
(g)
Authority of State insurance regulator and the Securities and Exchange Commission.
1845.
Repealed.
1846.
Reservation of rights to States.
(a)
In general.
(b)
State taxation authority not affected.
1847.
Penalties.
(a)
Criminal penalty.
(b)
Civil money penalty.
(c)
Notice under this section after separation from service.
(d)
Penalty for failure to make reports.
1848.
Judicial review.
1848a.
Limitation on rulemaking, prudential, supervisory, and enforcement authority of the Board.
(a)
Limitation on direct action.
(b)
Limitation on indirect action.
(c)
Actions specifically authorized.
(d)
Functionally regulated subsidiary defined.
1849.
Saving provision.
(a)
General rule.
(b)
Antitrust review.
(c)
Antitrust proceedings; Board and State banking agency as party; representation by counsel.
(d)
Treatment of merger transactions consummated prior or subsequent to May 9, 1956, and not in litigation prior to July 1, 1966.
(e)
Antitrust litigation; substantive law applicable to proceedings pending on or after July 1, 1966, with respect to merger transactions.
(f)
"Antitrust laws" defined.
1850.
Acquisition of subsidiary and tying arrangement: Federal Reserve Board proceedings; application for authorization; competitor as party in interest and person aggrieved; judicial review.
Chapter Referred to in Other Sections
This chapter is referred to in sections 304, 619, 1467a, 1817, 1818, 1828a, 1831k, 3101, 3105, 3106, 3107 of this title; title 15 section 80b–2; title 26 section 246A.