12 U.S.C. § 1881
Section 1881 · Federal supervisory agency defined
This is the Bank Protection Act of 1968
Amended 4 times on record
Applied in 5 court decisions — leading case Grillo v. National Bank of Washington (1988)
Most recently applied in 830 F. Supp. 1101 - United States v. 105,800 Shares of Common Stock of Firstrock Bancorp, Inc. (August 1993)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
As used in this chapter the term “Federal supervisory agency” means the appropriate Federal banking agency, as defined in section 1813(q) of this title.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
2010—Pub. L. 111–203 substituted “the term ‘Federal supervisory agency’ means the appropriate Federal banking agency, as defined in section 1813(q) of this title.” for “the term ‘Federal supervisory agency’ means—
“(1) The Comptroller of the Currency with respect to national banks,
“(2) The Board of Governors of the Federal Reserve System with respect to Federal Reserve banks and State banks which are members of the Federal Reserve System,
“(3) The Federal Deposit Insurance Corporation with respect to State banks which are not members of the Federal Reserve System but the deposits of which are insured by the Federal Deposit Insurance Corporation and State savings associations, and
“(4) The Director of the Office of Thrift Supervision with respect to Federal savings.”
2004—Par. (1). Pub. L. 108–386 struck out “and district banks” after “national banks”.
1989—Par. (3). Pub. L. 101–73, §744(h)(2), inserted reference to State savings associations.
Par. (4). Pub. L. 101–73, §744(h)(1), substituted “Director of the Office of Thrift Supervision” for “Federal Home Loan Bank Board”, struck out “and loan” after “Federal savings”, and struck out “associations, and institutions the accounts of which are insured by the Federal Savings and Loan Insurance Corporation” before period at end.
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the transfer date, see section 351 of Pub. L. 111–203, set out as a note under section 906 of Title 2, The Congress.
Effective Date of 2004 Amendment
Amendment by Pub. L. 108–386 effective Oct. 30, 2004, and, except as otherwise provided, applicable with respect to fiscal year 2005 and each succeeding fiscal year, see sections 8(i) and 9 of Pub. L. 108–386, set out as notes under section 321 of this title.
Short Title
Section 1 of Pub. L. 90–389 provided: “That this Act [enacting this chapter and amending section 1729 of this title] may be cited as the ‘Bank Protection Act of 1968’.”