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COMMITTEE ON BANKING AND FINANCIAL SERVICES

JIM LEACH, Iowa, Chairman

BILL MCCOLLUM, Florida
MARGE ROUKEMA, New Jersey
DOUG BEREUTER, Nebraska
THOMAS RIDGE, Pennsylvania
TOBY ROTH, Wisconsin
RICHARD H. BAKER, Louisiana
RICK LAZIO, New York
SPENCER BACHUS, Alabama
MICHAEL N. CASTLE, Delaware
PETER T. KING, New York
EDWARD R. ROYCE, California
FRANK D. LUCAS, Oklahoma
JERRY WELLER, Illinios
J.D. HAYWORTH, Arizona
JACK METCALF, Washington
SONNY BONO, California

ROBERT W. NEY, Ohio

ROBERT L. EHRLICH, JR., Maryland
BOB BARR, Georgia

DICK CHRYSLER, Michigan
FRANK A. CREMEANS, Ohio

JON D. FOX, Pennsylvania

FREDERICK K. (FRED) HEINEMAN, North

Carolina

STEVE STOCKMAN, Texas

FRNAK A. LOBIONDO, New Jersey J.C. WATTS, JR., Oklahoma

SUE W. KELLY, New York

HENRY B. GONZALEZ, Texas, JOHN J. LAFALCE, New York BRUCE F. VENTO, Minnesota CHARLES E. SCHUMER, New York BARNEY FRANK, Massachusetts PAUL E. KANJORSKI, Pennsylvania JOSEPH P. KENNEDY II, Massachusetts FLOYD H. FLAKE, New York KWEISI MFUME, Maryland MAXINE WATERS, California BILL ORTON, Utah

CAROLYN B. MALONEY, New York
LUIS V. GUTIERREZ, Illinois
LUCILLE ROYBAL-ALLARD, California
THOMAS M. BARRETT, Wisconsin
NYDIA M. VELÁZQUEZ, New York
ALBERT RUSSELL WYNN, Maryland
CLEO FIELDS, Louisiana

MELVIN L. WATT, North Carolina
MAURICE D. HINCHEY, New York
GARY L. AKERMAN, New York
KEN BENTSEN, Texas
BERNARD SANDERS, Vermont

(II)

LETTER OF TRANSMITTAL

MAY 1995.

Dear Colleagues:

Transmitted herewith is a Committee Print entitled "Compilation of Basic Banking Laws". The document brings together in one publication the major statutes affecting insured depository institutions and their customers.

I would like to commend Mr. Jim Wert, Assistant Counsel in the Office of the Legislative Counsel of the House of Representatives, for his superb work in preparing and editing the material in this expanded compilation. He and his associates and staff in the Legislative Counsel's Office, working with the staff of this Committee, undertook a mammoth project in attempting to compile the multitudinous and diverse statutes affecting banking. This document is an excellent work product and should prove to be an extremely useful tool.

Sincerely,

(III)

JIM LEACH, Chairman.

Notes to the Reader

1. Any material contained within brackets [] is not part of the text of the law but is inserted as an aid to the reader.

2. Citations have been included to enable the reader to locate the same material in the United States Code (U.S.C.). These citations are not a part of the text of the law in which they appear.

(IV)

2. Citations have been included to enable the reader to locate the

ame material in the United States Code (U.S.C.). These citations
are not a part of the text of the law in which they appear.

(IV)

CONTENTS

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