§ 1882. — Security measures.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1882]
TITLE 12--BANKS AND BANKING
CHAPTER 19--SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS
Sec. 1882. Security measures
(a) Rules for installation, maintenance, and operation of security
devices and procedures
Within six months from July 7, 1968, each Federal supervisory agency
shall promulgate rules establishing minimum standards with which each
bank or savings and loan association must comply with respect to the
installation, maintenance, and operation of security devices and
procedures, reasonable in cost, to discourage robberies, burglaries, and
larcenies and to assist in the identification and apprehension of
persons who commit such acts.
(b) Time for compliance with standards
The rules shall establish the time limits within which banks and
savings and loan associations shall comply with the standards.
(Pub. L. 90-389, Sec. 3, July 7, 1968, 82 Stat. 295; Pub. L. 101-73,
title IX, Sec. 911(a), Aug. 9, 1989, 103 Stat. 478.)
Amendments
1989--Subsec. (b). Pub. L. 101-73 struck out ``and shall require the
submission of periodic reports with respect to the installation,
maintenance, and operation of security devices and procedures'' before
period at end.
Effective Date of 1989 Amendment
Amendment by Pub. L. 101-73 applicable with respect to reports filed
or required to be filed after Aug. 9, 1989, see section 911(i) of Pub.
L. 101-73, set out as a note under section 161 of this title.
