12 USC 3304 – Costs and expenses of Council
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One-fifth of the costs and expenses of the Council, including the salaries of its employees, shall be paid by each of the Federal financial institutions regulatory agencies. Annual assessments for such share shall be levied by the Council based upon its projected budget for the year, and additional assessments may be made during the year if necessary.
Terms Used In 12 USC 3304
- Council: means the Financial Institutions Examination Council. See 12 USC 3302
- Federal financial institutions regulatory agencies: means the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration. See 12 USC 3302