12 USC § 3304 - Costs and expenses of Council

---
identifier: "/us/usc/t12/s3304"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 3304 - Costs and expenses of Council"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "3304"
section_name: "Costs and expenses of Council"
chapter_number: 34
chapter_name: "FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 95–630, title X, § 1005, Nov. 10, 1978, 92 Stat. 3695.)"
---


# § 3304. Costs and expenses of Council

One-fifth of the costs and expenses of the Council, including the salaries of its employees, shall be paid by each of the Federal financial institutions regulatory agencies. Annual assessments for such share shall be levied by the Council based upon its projected budget for the year, and additional assessments may be made during the year if necessary.

---

**Source Credit**: (Pub. L. 95–630, title X, § 1005, Nov. 10, 1978, 92 Stat. 3695.)

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective upon the expiration of 120 days after , see , set out as a note under .