§ 1881. “Federal supervisory agency” defined

As used in this chapter the term “Federal supervisory agency” means the appropriate Federal banking agency, as defined in section 1813(q) of this title .

§ 1882. Security measures

• (a) Within six months from July 7, 1968 , each Federal supervisory agency shall promulgate rules establishing minimum standards with which each bank or savings association must comply with respect to the installation, maintenance, and operation of security devices and procedures, reasonable in cost, to discourage robberies, burglaries, and larcenies and to assist in the identification and apprehension of persons who commit such acts.
• (b) The rules shall establish the time limits within which banks and savings associations shall comply with the standards.

§ 1883. Insurance rates; report to Congress

The Federal supervisory agencies shall consult with

• (1) insurers furnishing insurance protection against losses resulting from robberies, burglaries, and larcenies committed against financial institutions referred to in section 1881 of this title , and
• (2) State agencies having supervisory or regulatory responsibilities with respect to such insurers

§ 1884. Penalties for violations

A bank or savings association which violates a rule promulgated pursuant to this chapter shall be subject to a civil penalty which shall not exceed $100 for each day of the violation.