Public Law 83–454

That subsection (c)

Federal Credit Unions.

48 Stat. 1219.

of section 11 of the Federal Credit Union Act (12 U. S. C., sec. 1761) is hereby amended by striking out “and,” after the last semicolon and by inserting before the period at the end of the paragraph the following: “and, subject to such regulations as may be issued by the Director,

Interest refunds.

authorize an interest refund to members of record at the close of business on December 31 in proportion to the interest paid by them during that year”.

Sec. 2.

Section 16 of the Federal Credit Union Act (12 U. S. C., sec. 1766) is hereby amended by adding at the end thereof the following new subsection:

“(f)“(f)

Any officer or employee of the Bureau of Federal Credit Unions is authorized, when designated for the purpose by the Director of the Bureau of Federal Credit Unions, to administer oaths and affirmations and to take affidavits and depositions touching upon any matter within the jurisdiction of the Bureau of Federal Credit Unions.”

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