
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC4515]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
 
         SUBCHAPTER I--SUPERVISION AND REGULATION OF ENTERPRISES
 
            Part A--Financial Safety and Soundness Regulator
 
Sec. 4515. Personnel


(a) Office personnel

    The Director may appoint and fix the compensation of such officers 
and employees of the Office as the Director considers necessary to carry 
out the functions of the Director and the Office. Officers and employees 
may be paid without regard to the provisions of chapter 51 and 
subchapter III of chapter 53 of title 5 relating to classification and 
General Schedule pay rates.

(b) Comparability of compensation with Federal banking agencies

    In fixing and directing compensation under subsection (a) of this 
section, the Director shall consult with, and maintain comparability 
with compensation of officers and employees of the Office of the 
Comptroller of the Currency, the Board of Governors of the Federal 
Reserve System, the Federal Deposit Insurance Corporation, and the 
Office of Thrift Supervision.

(c) Personnel of other Federal agencies

    In carrying out the duties of the Office, the Director may use 
information, services, staff, and facilities of any executive agency, 
independent agency, or department on a reimbursable basis, with the 
consent of such agency or department.

(d) Reimbursement of HUD

    The Director shall reimburse the Department of Housing and Urban 
Development for reasonable costs incurred by the Department that are 
directly related to the operations of the Office.

(e) Outside experts and consultants

    Notwithstanding any provision of law limiting pay or compensation, 
the Director may appoint and compensate such outside experts and 
consultants as the Director determines necessary to assist the work of 
the Office.

(f) Equal opportunity report

    Not later than the expiration of the 180-day period beginning upon 
the appointment of the Director under section 4512 of this title, the 
Director shall submit to the Committee on Banking, Finance and Urban 
Affairs of the House of Representatives and the Committee on Banking, 
Housing, and Urban Affairs of the Senate a report containing--
        (1) a complete description of the equal opportunity, affirmative 
    action, and minority business enterprise utilization programs of the 
    Office; and
        (2) such recommendations for administrative and legislative 
    action as the Director determines appropriate to carry out such 
    programs.

(Pub. L. 102-550, title XIII, Sec. 1315, Oct. 28, 1992, 106 Stat. 3947.)

                         Change of Name

    Committee on Banking, Finance and Urban Affairs of House of 
Representatives treated as referring to Committee on Banking and 
Financial Services of House of Representatives by section 1(a) of Pub. 
L. 104-14, set out as a note preceding section 21 of Title 2, The 
Congress. Committee on Banking and Financial Services of House of 
Representatives abolished and replaced by Committee on Financial 
Services of House of Representatives, and jurisdiction over matters 
relating to securities and exchanges and insurance generally transferred 
from Committee on Energy and Commerce of House of Representatives by 
House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.
