§ 1830. — Nondiscrimination.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1830]
TITLE 12--BANKS AND BANKING
CHAPTER 16--FEDERAL DEPOSIT INSURANCE CORPORATION
Sec. 1830. Nondiscrimination
It is not the purpose of this chapter to discriminate in any manner
against State nonmember banks or State savings associations and in favor
of national or member banks or Federal savings associations,
respectively. It is the purpose of this chapter to provide all banks and
savings associations with the same opportunity to obtain and enjoy the
benefits of this chapter.
(Sept. 21, 1950, ch. 967, Sec. 2[22], formerly Sec. 2[20], 64 Stat. 893;
renumbered Sec. 2[21], Pub. L. 90-203, Sec. 3, Dec. 15, 1967, 81 Stat.
610; renumbered Sec. 2[22], Pub. L. 91-508, title I, Sec. 101, Oct. 26,
1970, 84 Stat. 1114; amended Pub. L. 101-73, title II, Sec. 223, Aug. 9,
1989, 103 Stat. 273.)
Prior Provisions
Section is derived from subsec. (y) of former section 264 of this
title. See Codification note set out under section 1811 of this title.
Amendments
1989--Pub. L. 101-73 amended section generally. Prior to amendment,
section read as follows: ``It is not the purpose of this chapter to
discriminate in any manner against State nonmember banks and in favor of
national or member banks; but the purpose is to provide all banks with
the same opportunity to obtain and enjoy the benefits of this chapter.
No bank shall be discriminated against because its capital stock is less
than the amount required for eligibility for admission into the Federal
Reserve System.''
