
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC4304]

 
                       TITLE 12--BANKS AND BANKING
 
                      CHAPTER 44--TRUTH IN SAVINGS
 
Sec. 4304. Disclosure requirements for certain accounts

    The Board shall require, in regulations which the Board shall 
prescribe, such modification in the disclosure requirements under this 
chapter relating to annual percentage yield as may be necessary to carry 
out the purposes of this chapter in the case of--
        (1) accounts with respect to which determination of annual 
    percentage yield is based on an annual rate of interest that is 
    guaranteed for a period of less than 1 year;
        (2) variable rate accounts;
        (3) accounts which, pursuant to law, do not guarantee payment of 
    a stated rate;
        (4) multiple rate accounts; and
        (5) accounts with respect to which determination of annual 
    percentage yield is based on an annual rate of interest that is 
    guaranteed for a stated term.

(Pub. L. 102-242, title II, Sec. 265, Dec. 19, 1991, 105 Stat. 2336; 
Pub. L. 102-550, title XVI, Sec. 1604(e)(2)(A), Oct. 28, 1992, 106 Stat. 
4084.)


                               Amendments

    1992--Pub. L. 102-550 made technical amendment to references to 
``this chapter'' wherever appearing to reflect correction of 
corresponding provision of original act.


                    Effective Date of 1992 Amendment

    Amendment by Pub. L. 102-550 effective as if included in the Federal 
Deposit Insurance Corporation Improvement Act of 1991, Pub. L. 102-242, 
as of Dec. 19, 1991, see section 1609(a) of Pub. L. 102-550, set out as 
a note under section 191 of this title.
