12 U.S.C. § 3301 : US Code - Section 3301: Declaration of purpose

Search 12 U.S.C. § 3301 : US Code - Section 3301: Declaration of purpose

It is the purpose of this chapter to establish a Financial
Institutions Examination Council which shall prescribe uniform
principles and standards for the Federal examination of financial
institutions by the Office of the Comptroller of the Currency, the
Federal Deposit Insurance Corporation, the Board of Governors of
the Federal Reserve System, the Federal Home Loan Bank Board, and
the National Credit Union Administration and make recommendations
to promote uniformity in the supervision of these financial
institutions. The Council's actions shall be designed to promote
consistency in such examination and to insure progressive and
vigilant supervision.