---
kind: "section"
citation: "12 U.S.C. § 3306"
title: "12"
title_heading: "Banks and Banking"
number: "3306"
heading: "State liaison"
release: "119-102"
url: "https://uscodex.org/usc/12/3306"
units:
  - "Chapter 34 — Federal Financial Institutions Examination Council"
---

# §3306. State liaison


To encourage the application of uniform examination principles and standards by [State](/usc/12/1707.md?p=d) and [Federal supervisory agencies](/usc/12/5805.md?p=a-4), the [Council](/usc/12/3302.md?p=2) shall establish a liaison committee composed of five representatives of [State](/usc/12/1707.md?p=d) [agencies](/usc/12/1422.md?p=12) which supervise [financial institutions](/usc/12/3302.md?p=3) which shall meet at least twice a year with the [Council](/usc/12/3302.md?p=2). [Members](/usc/12/1426a.md?p=g-1) of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings. [Members](/usc/12/1426a.md?p=g-1) of the Liaison Committee shall elect a chairperson from among the [members](/usc/12/1426a.md?p=g-1) serving on the committee.


## Source credit

(Pub. L. 95–630, title X, § 1007, Nov. 10, 1978, 92 Stat. 3696; Pub. L. 109–351, title VII, § 714(b), Oct. 13, 2006, 120 Stat. 1995.)

## Notes

### Editorial Notes

### Amendments

2006—Pub. L. 109–351 inserted at end “Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.”

### Statutory Notes and Related Subsidiaries

### Effective Date

Section effective upon the expiration of 120 days after Nov. 10, 1978, see section 2101 of Pub. L. 95–630, set out as a note under section 375b of this title.