# § 2808. Effective date
**1** **In general** December 31, 1975[^1][^1]
This chapter shall take effect on the one hundred and eightieth day beginning after . Any institution specified in section 2802(2)(A) of this title which has total assets as of its last full fiscal year of $10,000,000 or less is exempt from the provisions of this chapter. The Bureau, in consultation with the Secretary, may exempt institutions described in section 2802(2)(B) of this title that are comparable within their respective industries to institutions that are exempt under the preceding sentence (as determined without regard to the adjustment made by subsection (b)).
See References in Text note below.
**(b)** **CPI adjustments**
**(1)** **In general** <sup>1</sup>December 31, 1996
Subject to paragraph (2), the dollar amount applicable with respect to institutions described in section 2802(2)(A) of this title under the 2d sentence of subsection (a) shall be adjusted annually after , by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers published by the Bureau of Labor Statistics.
**(2)** **1-time adjustment for prior inflation** The first adjustment made under paragraph (1) after September 30, 1996, shall be the percentage by which—
**(A)** the Consumer Price Index described in such paragraph for the calendar year 1996, exceeds
**(B)** such Consumer Price Index for the calendar year 1975.
**(3)** **Rounding** The dollar amount applicable under paragraph (1) for any calendar year shall be the amount determined in accordance with subparagraphs (A) and (B) of paragraph (2) and rounded to the nearest multiple of $1,000,000.
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**Source Credit**: (Pub. L. 94–200, title III, § 309, Dec. 31, 1975, 89 Stat. 1128; Pub. L. 102–242, title II, § 224(a), Dec. 19, 1991, 105 Stat. 2307; Pub. L. 102–550, title XVI, § 1604(a)(15), Oct. 28, 1992, 106 Stat. 4083; Pub. L. 104–208, div. A, title II, § 2225(a), Sept. 30, 1996, 110 Stat. 3009–415; Pub. L. 111–203, title X, § 1094(1), July 21, 2010, 124 Stat. 2097.)
## Editorial Notes
### References in Text
, referred to in subsecs. (a) and (b)(1), was redesignated by , , .
### Amendments
2010—Subsec. (a). substituted “Bureau” for “Board”.
1996— designated existing provisions as subsec. (a), inserted heading, inserted “(as determined without regard to the adjustment made by subsection (b))” before period at end, and added subsec. (b).
1992—, amended directory language of . See 1991 Amendment note below.
1991—, as amended by , struck out “depository” before “institution”, inserted “specified in ” after “institution”, and inserted at end: “The Board, in consultation with the Secretary, may exempt institutions described in that are comparable within their respective industries to institutions that are exempt under the preceding sentence.”
## Statutory Notes and Related Subsidiaries
### Effective Date of 2010 Amendment
Amendment by effective on the designated transfer date, see , set out as a note under , Government Organization and Employees.
### Effective Date of 1992 Amendment
Amendment by effective as if included in the Federal Deposit Insurance Corporation Improvement Act of 1991, , as of , see , set out as a note under .
### Effective Date of 1991 Amendment
> “This section [amending this section] shall become effective on
>
> .”
, , , provided that: