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§ 3307. —  Administration. - US § 3307. —  Administration. - US Code : CHAN ROBLES VIRTUAL LAW LIBRARY

[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC3307]

 
                       TITLE 12--BANKS AND BANKING
 
     CHAPTER 34--FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
 
Sec. 3307. Administration


(a) Authority of Chairman of Council

    The Chairman of the Council is authorized to carry out and to 
delegate the authority to carry out the internal administration of the 
Council, including the appointment and supervision of employees and the 
distribution of business among members, employees, and administrative 
units.

(b) Use of personnel, services, and facilities of Federal financial 
        institutions regulatory agencies, Federal Reserve banks, and 
        Federal Home Loan Banks

    in \1\ addition to any other authority conferred upon it by this 
chapter, in carrying out its functions under this chapter, the Council 
may utilize, with their consent and to the extent practical, the 
personnel, services, and facilities of the Federal financial 
institutions regulatory agencies, Federal Reserve banks, and Federal 
Home Loan Banks, with or without reimbursement therefor.
---------------------------------------------------------------------------
    \1\ So in original. Probably should be capitalized.
---------------------------------------------------------------------------

(c) Compensation, authority, and duties of officers and employees; 
        experts and consultants

    In addition, the Council may--
        (1) subject to the provisions of title 5 relating to the 
    competitive service, classification, and General Schedule pay rates, 
    appoint and fix the compensation of such officers and employees as 
    are necessary to carry out the provisions of this chapter, and to 
    prescribe the authority and duties of such officers and employees; 
    and
        (2) obtain the services of such experts and consultants as are 
    necessary to carry out the provisions of this chapter.

(Pub. L. 95-630, title X, Sec. 1008, Nov. 10, 1978, 92 Stat. 3696.)

                       References in Text

    The provisions of title 5 relating to the competitive service, 
referred to in subsec. (c), are classified generally to section 3301 et 
seq. of Title 5, Government Organization and Employees.
    The provisions of title 5 relating to classification, referred to in 
subsec. (c), are classified generally to chapter 51 (Sec. 5101 et seq.) 
and to subchapter III (Sec. 5331 et seq.) of chapter 53 of Title 5.
    The provisions of title 5 relating to General Schedule pay rates, 
referred to in subsec. (c), are set out under section 5332 of Title 5.




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