§1815. Deposit insurance — Inbound Citations
12 U.S.C. § 1815
Cited by 11 provisions in release 119-102.
Citations to 12 U.S.C. § 1815 as a whole
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(i) any insured bank as defined in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813] or any bank which is eligible to make application to become an insured bank under section 5 of such Act [12 U.S.C. 1815];
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The factors that are required, under section 1814 of this title, to be considered in connection with, and enumerated in, any certificate issued pursuant to section 1814 of this title and that are required, under section 1815 of this title, to be considered by the Board of Directors in connection with any determination by such Board pursuant to section 1815 of this title are the following:
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(2) Notwithstanding the previous paragraph, a branch of a foreign bank in operation on September 17, 1978, which has applied for Federal deposit insurance pursuant to section 5 of the Federal Deposit Insurance Act [12 U.S.C. 1815] by September 17, 1979, and has not had such application denied, may continue to accept domestic retail deposits until January 31, 1980.
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(B) an uninsured national bank or an uninsured State bank that is a member of the Federal Reserve System, if the national bank or State member bank is not eligible to make application to become an insured bank under section 1815 of this title;
Citations to §1815(a)
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(ii) if more than 1 national or State bank results from a conversion under this subparagraph, has received approval from the Federal Deposit Insurance Corporation under section 5(a) of the Federal Deposit Insurance Act [12 U.S.C. 1815(a)].
Citations to §1815(d)
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(G) Subparagraph (A) of this paragraph shall not be construed as permitting any insured depository institution to engage in any conversion transaction prohibited under section 1815(d)3 of this title.
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(c) Subject to section 1815(d) of this title and section 1464(i)(5) of this title—(1) any State depository institution which results from the conversion of any insured Federal depository institution; and(2) any Federal depository institution which results from the conversion of any insured State or Federal depository institution,shall continue as an insured depository institution.
Citations to §1815(d)(3)
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(a) Subject to sections 1815(d)(3)1 and 1828(c) of this title and all other applicable laws, any national bank may acquire or be acquired by any insured depository institution.
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(A) If, under section 5(d)(3) of the Federal Deposit Insurance Act [12 U.S.C. 1815(d)(3)],1 a savings association acquires all or substantially all of the assets of a bank, the appropriate Federal banking agency may permit the savings association to retain any such asset during the 2-year period beginning on the date of the acquisition.
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(1) Subject to sections 1815(d)(3)3 and 1828(c) of this title and all other applicable laws, any Federal savings association may acquire or be acquired by any insured depository institution.
Citations to §1815(e)(2)(C)
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(A) Subject to section 1815(e)(2)(C) of this title, amounts realized from the liquidation or other resolution of any insured depository institution by any receiver appointed for such institution shall be distributed to pay claims (other than secured claims to the extent of any such security) in the following order of priority:(i) Administrative expenses of the receiver.(ii) Any deposit liability of the institution.(iii) Any other general or senior liability of the institution (which is not a liability described in clause (iv) or (v)).(iv) Any obligation subordinated to depositors or general creditors (which is not an obligation described in clause (v)).(v) Any obligation to shareholders or members arising as a result of their status as shareholders or members (including any depository institution holding company or any shareholder or creditor of such company).