It is not the purpose of this chapter to discriminate in any manner against State nonmember banks or State savings associations and in favor of national or member banks or Federal savings associations, respectively. It is the purpose of this chapter to provide all banks and savings associations with the same opportunity to obtain and enjoy the benefits of this chapter.
Sept. 21, 1950, ch. 967, § 264 Stat. 893Pub. L. 90–203, § 381 Stat. 610Pub. L. 91–508, title I, § 10184 Stat. 1114Pub. L. 101–73, title II, § 223103 Stat. 273([22], formerly § 2[20], ; renumbered § 2[21], , , ; renumbered § 2[22], , , ; amended , , .)
Editorial Notes
Prior Provisions
section 264 of this titlesection 1811 of this titleSection is derived from subsec. (y) of former . See Codification note set out under .
Amendments
Pub. L. 101–731989— amended section generally. Prior to amendment, section read as follows: “It is not the purpose of this chapter to discriminate in any manner against State nonmember banks and in favor of national or member banks; but the purpose is to provide all banks with the same opportunity to obtain and enjoy the benefits of this chapter. No bank shall be discriminated against because its capital stock is less than the amount required for eligibility for admission into the Federal Reserve System.”