Page:United States Statutes at Large Volume 92 Part 3.djvu/1064

 92 STAT. 3696

PUBLIC LAW 95-630—NOV. 10, 1978 STATE LIAISON

Establishment.

12 USC 3306. Allowance.

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SEC. 1007. To encoura^;e the application of uniform examination principles and standards by State and Federal supervisory agencies, the Council shall establish a liaison committee composed of five representatives of State agencies which supervise financial institutions which shall meet at least twice a year with the Council. Members of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings. ADMINISTRATION

12 USC 3307.

Experts and consultants,

SEC. 1008. (a) 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) in addition to any other authority conferred upon it by this title, in carrying out its functions under this title, 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. (c) In addition, the Council may— (1) subject to the provisions of title 5, United States Code, 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 title, 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 title.

services. ACCESS TO INFORMATION BY THE COUNCIL

12 USC 3308.

SEC. 1009. For the purpose of carrying out this title, the Council shall have access to all books, accounts, records, reports, files, memorandums, papers, things, and property belonging to or in use by Federal financial institutions regulatory agencies, including reports of examination of financial institutions or their holding companies from whatever source, together with workpapers and correspondence files related to such reports, whether or not a part of the report, and all without any deletions. AUDITS BY THE COMPTROLLER

31 USC 67.

GENERAL

SEC 1010. Section 117 of the Accounting and Auditing Act of 1950, as amended by the Federal Banking Agency Audit Act (Public Law 95-320), is further amended by: (1) redesignating clauses (A), (B), and (C) of subsection (e)(1) as (B), (C), and (D), respectively, and inserting in subsection (e)(1) the clau^ "(A) of the Financial Institutions Examination Council;" immediately following "audits"; and (2) striking out in subsection (e)(2) "and (C) " and inserting in lieu thereof" (C), and (D)".

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