12 U.S.C. 2112 U.S.C. 221The Director shall from time to time, at least annually, require examinations and reports of condition of all Federal Home Loan Banks in such form as the Director shall prescribe and shall furnish periodically statements based upon the reports of the banks to the Director. For the purposes of this chapter, examiners appointed by the Director shall be subject to the same requirements, responsibilities, and penalties as are applicable to examiners under the National Bank Act [ et seq.] and the Federal Reserve Act [ et seq.], and shall have, in the exercise of functions under this chapter, the same powers and privileges as are vested in such examiners by law. In addition to such examinations, the Comptroller General may audit or examine the Director and the Banks, to determine the extent to which the Director and the Banks are fairly and effectively fulfilling the purposes of this chapter.
July 22, 1932, ch. 522, § 20 47 Stat. 738 June 27, 1950, ch. 369, § 10 64 Stat. 259 Aug. 2, 1954, ch. 649 68 Stat. 643 Pub. L. 101–73, title VII103 Stat. 412 Pub. L. 110–289, div. A, title II, § 1204(8)122 Stat. 2786 (, ; , ; , title VIII, § 802(f), ; , §§ 701(b)(1), (3)(A), 702(b), , , 415; , (9), , .)
Editorial Notes
References in Text
act June 3, 1864, ch. 106 13 Stat. 99 section 38 of this titleThe National Bank Act, referred to in text, is , , which is classified principally to chapter 2 (§ 21 et seq.) of this title. For complete classification of this Act to the Code, see References in Text note set out under .
act Dec. 23, 1913, ch. 6 38 Stat. 251 section 226 of this titleThe Federal Reserve Act, referred to in text, is , , which is classified principally to chapter 3 (§ 221 et seq.) of this title. For complete classification of this Act to the Code, see References in Text note set out under and Tables.
Amendments
Pub. L. 110–2892008— substituted “The Director” for “The Board” and “the Director” for “the Board” wherever appearing.
Pub. L. 101–73, § 702(b)1989—, inserted provisions relating to audit or examination by the Comptroller General.
Pub. L. 101–73, § 701(b)(1), (3)(A), substituted “Board” for “board” wherever appearing.
section 1437(b) of this title1954—Act , struck out second sentence relating to annual report of the board to Congress. See .
1950—Act , struck out “twice” before “annually”.