The Secretary of the Treasury shall appoint no more than four Deputy Comptrollers of the Currency, one of whom shall be designated First Deputy Comptroller of the Currency, and shall fix their salaries. Each Deputy Comptroller shall take the oath of office and shall perform such duties as the Comptroller shall direct. During a vacancy in the office or during the absence or disability of the Comptroller, each Deputy Comptroller shall possess the power and perform the duties attached by law to the office of the Comptroller under such order of succession following the First Deputy Comptroller as the Comptroller shall direct.
Mar. 4, 1923, ch. 252, § 209(b) 42 Stat. 1467 Pub. L. 86–251, § 1(a)73 Stat. 487 Pub. L. 92–310, title II, § 223(b)86 Stat. 206 (R.S. § 327; , ; , , ; , , .)
Editorial Notes
Codification
act June 3, 1864, ch. 106, § 1 13 Stat. 99 section 38 of this titleR.S. § 327 derived from , , which was the National Bank Act. See .
section 9a of this titleR.S. § 327, contained after the word “Secretary” the following “who shall be entitled to a salary of two thousand five hundred dollars a year, and” which was omitted from this section on authority of act , § 209(b), fourth sentence, which was classified to and regulated the salaries of deputy comptrollers.
Amendments
Pub. L. 92–3101972— struck out provisions which required each Deputy Comptroller to give a bond in the sum of $100,000.
Pub. L. 86–2511959— provided for the appointment of four Deputy Comptrollers instead of one, the designation of one as the First Deputy, the fixing of salaries, increase in surety bond requirement from $50,000 to $100,000 and order of succession.
Executive Documents
Exception as to Transfer of Functions
section 1 of this titleFunctions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under .