Banking Act of 1985

Summary

Banking Act of 1985 - Title I: General Provisions - Transfers to the Secretary of the Treasury all the functions of the Comptroller of the Currency and all functions of all agencies, officers, and employees of the Bureau of the Comptroller of the Currency. Transfers to the Secretary all bank examining, auditing, and other banking supervisory functions (except with reference to the 12 Federal Reserve banks) of the Board of Governors of the Federal Reserve System and the Federal Reserve banks. Transfers to the Secretary all functions of the Board of Directors of the Federal Deposit Insurance Corporation and all agencies, officers, and employees of the corporation. Requires the Secretary to report annually to the Congress concerning activities and recommendations with respect to the functions transferred by this Act. Title II: Transitional Provisions - Sets forth effective dates for specified provisions of this Act. Sets forth transitional provisions concerning the functions transferred to the Secretary of the Treasury by this Act. Title III: Conforming Amendments - Amends certain Federal laws to conform to the provisions of this Act.

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1 official file

• Introduced in House

  summary · EN · 7 March 1985

  Open at official source

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