U.S Code last checked for updates: Apr 06, 2025
All TitlesTitle 12Chapter 32
§ 3108.
Regulation and enforcement
(a)
Rules, regulations and orders
(b)
Enforcement
(1)
In general
(2)
Authority to administer oaths; subpoena power
In the course of, or in connection with, an application, examination, investigation, or other proceeding under this chapter, the Board, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, as the case may be, any member of the Board or of the Board of Directors of the Corporation, and any designated representative of the Board, Comptroller, or Corporation (including any person designated to conduct any hearing under this chapter) may—
(A)
administer oaths and affirmations and take or cause to be taken depositions; and
(B)
issue, revoke, quash, or modify any subpoena, including any subpoena requiring the attendance and testimony of a witness or any subpoenas duces tecum.
(3)
Administrative aspects of subpoenas
(A)
Attendance and production at designated site
(B)
Service of subpoena
(C)
Fees and travel expenses
(4)
Contumacy or refusal
(A)
In general
In the case of contumacy of any person issued a subpoena under this subsection or a refusal by such person to comply with such subpoena, the Board, Comptroller of the Currency, or Federal Deposit Insurance Corporation, or any other party to proceedings in connection with which subpoena was issued may invoke the aid of—
(i)
the United States District Court for the District of Columbia, or
(ii)
any district court of the United States within the jurisdiction of which the proceeding is being conducted or the witness resides or carries on business.
(B)
Court order
(5)
Expenses and fees
(6)
Criminal penalty
(c)
Powers of Federal Reserve Board and Federal Deposit Insurance Corporation
(Pub. L. 95–369, § 13, Sept. 17, 1978, 92 Stat. 624; Pub. L. 102–242, title II, § 209, Dec. 19, 1991, 105 Stat. 2297.)
cite as: 12 USC 3108
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