Laws: Cases and Codes : U.S. Code : Title 12 : Section 1816


   
U.S. Code as of: 01/19/04
Section 1816. Factors to be considered

      The factors that are required, under section 1814 of this title,
    to be considered in connection with, and enumerated in, any
    certificate issued pursuant to section 1814 of this title and that
    are required, under section 1815 of this title, to be considered by
    the Board of Directors in connection with any determination by such
    Board pursuant to section 1815 of this title are the following:
        (1) The financial history and condition of the depository
      institution.
        (2) The adequacy of the depository institution's capital
      structure.
        (3) The future earnings prospects of the depository
      institution.
        (4) The general character and fitness of the management of the
      depository institution.
        (5) The risk presented by such depository institution to the
      Bank Insurance Fund or the Savings Association Insurance Fund.
        (6) The convenience and needs of the community to be served by
      such depository institution.
        (7) Whether the depository institution's corporate powers are
      consistent with the purposes of this chapter.



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