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119th Congress

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119th Congress

Title 12 — Banks and Banking

Chapter 14 — Federal Credit Unions

§ 1752. Definitions

Statutory text

As used in this chapter—

(1)

the term “Federal credit union” means a cooperative association organized in accordance with the provisions of this chapter for the purpose of promoting thrift among its members and creating a source of credit for provident or productive purposes;

(2)

the term “Chairman” means the Chairman of the National Credit Union Administration Board;

(3)

the term “Administration” means the National Credit Union Administration;

(4)

the term “Board” means the National Credit Union Administration Board;

(5)

The terms “member account” and “account” mean a share, share certificate, or share draft account of a member of a credit union of a type approved by the Board which evidences money or its equivalent received or held by a credit union in the usual course of business and for which it has given or is obligated to give credit to the account of the member, and, in the case of a credit union serving predominantly low-income members (as defined by the Board), such terms (when referring to the account of a nonmember served by such credit union) mean a share, share certificate, or share draft account of such nonmember which is of a type approved by the Board and evidences money or its equivalent received or held by such credit union in the usual course of business and for which it has given or is obligated to give credit to the account of such nonmember, and such terms mean share, share certificate, or share draft account of nonmember credit unions and nonmember units of Federal, State, or local governments and political subdivisions thereof enumerated in section 1787 of this title, and such terms mean custodial accounts established for loans sold in whole or in part pursuant to section 1757(13) of this title: Provided, That for purposes of insured State credit unions, reference in this paragraph to “share”, “share certificate”, or “share draft”, accounts includes, as determined by the Board, the equivalent of such accounts under State law;

(6)

The terms “State credit union” and “State-chartered credit union” mean a credit union organized and operated according to the laws of any State, the District of Columbia, the several territories and possessions of the United States, the Panama Canal Zone, or the Commonwealth of Puerto Rico, which laws provide for the organization of credit unions similar in principle and objectives to Federal credit unions;

(7)

The term “insured credit union” means any credit union the member accounts of which are insured in accordance with the provisions of subchapter II of this chapter, and the term “noninsured credit union” means any credit union the member accounts of which are not so insured;

(8)

The term “Fund” means the National Credit Union Share Insurance Fund; and

(9)

The term “branch” includes any branch credit union, branch office, branch agency, additional office, or any branch place of business located in any State of the United States, the District of Columbia, the several territories, including the trust territories, and possessions of the United States, the Panama Canal Zone, or the Commonwealth of Puerto Rico, at which member accounts are established or money lent. The term “branch” also includes a suboffice, operated by a Federal credit union or by a credit union authorized by the Department of Defense, located on an American military installation in a foreign country or in the trust territories of the United States.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Pub. L. 73–750 · 48 Stat. 1216

    Enacted · 12 U.S.C. § 1752

    June 26, 1934, ch. 750, title I, § 101, formerly § 2, 48 Stat. 1216

    Source evidence

    Code source credit
    June 26, 1934, ch. 750, title I, § 101, formerly § 2, 48 Stat. 1216

  2. Pub. L. 86–354 § 1 · 73 Stat. 628

    Amended · 12 U.S.C. § 1752

    Pub. L. 86–354 designated the terms defined as subsecs. (1) to (3)

    Source evidence

    Code amendment note
    Pub. L. 86–354 designated the terms defined as subsecs. (1) to (3).

  3. Pub. L. 91–206 § 1 · 84 Stat. 49

    Substituted · 12 U.S.C. § 1752(2)

    Pub. L. 91–206 substituting “Administrator” as meaning Administrator of the National Credit Union Administration for “Bureau” as meaning the Bureau of Federal Credit Unions

    Source evidence

    Code amendment note
    Par. (2). Pub. L. 91–206 substituting “Administrator” as meaning Administrator of the National Credit Union Administration for “Bureau” as meaning the Bureau of Federal Credit Unions.

    Enacted provision · exact public law section
    Section 1. Section 2 of the Federal Credit Union Act (12 U.S.C. 1752) is amended by striking out paragraphs (2) and (3) thereof and inserting: “(2) the term ‘Administrator’ means the Administrator of the National Credit Union Administration; “(3) the term ‘Administration’ means the National Credit Union Administration; and “(4) the term ‘Board’ means the National Credit Union Board.”

  4. Pub. L. 91–206 § 1 · 84 Stat. 49

    Substituted · 12 U.S.C. § 1752(3)

    Pub. L. 91–206 substituted “Administration” as meaning the National Credit Union Administration for “Director” as meaning Director of the Bureau of Federal Credit Unions

    Source evidence

    Code amendment note
    Par. (3). Pub. L. 91–206 substituted “Administration” as meaning the National Credit Union Administration for “Director” as meaning Director of the Bureau of Federal Credit Unions.

    Enacted provision · exact public law section
    Section 1. Section 2 of the Federal Credit Union Act (12 U.S.C. 1752) is amended by striking out paragraphs (2) and (3) thereof and inserting: “(2) the term ‘Administrator’ means the Administrator of the National Credit Union Administration; “(3) the term ‘Administration’ means the National Credit Union Administration; and “(4) the term ‘Board’ means the National Credit Union Board.”

  5. Pub. L. 91–206 § 1 · 84 Stat. 49

    Added · 12 U.S.C. § 1752(4)

    Pub. L. 91–206 added par. (4)

    Source evidence

    Code amendment note
    Par. (4). Pub. L. 91–206 added par. (4).

    Enacted provision · exact public law section
    Section 1. Section 2 of the Federal Credit Union Act (12 U.S.C. 1752) is amended by striking out paragraphs (2) and (3) thereof and inserting: “(2) the term ‘Administrator’ means the Administrator of the National Credit Union Administration; “(3) the term ‘Administration’ means the National Credit Union Administration; and “(4) the term ‘Board’ means the National Credit Union Board.”

  6. Pub. L. 91–468 § 2 · 84 Stat. 994

    Added · 12 U.S.C. § 1752(4)(8)

    Pub. L. 91–468, § 2, added pars. (4) to (8)

    Source evidence

    Code amendment note
    Pars. (4) to (8). Pub. L. 91–468, § 2, added pars. (4) to (8).

    Enacted provision · exact public law section
    Sec. 2. Section 101 of the Federal Credit Union Act, as redesignated Definitions. by section 1 of this Act (formerly section 2 of such Act), is amended— 73 Stat. 628. 12 USC 1752. (1) by striking out the word “and” at the end of paragraph (2) thereof; (2) by striking out the period at the end of paragraph (3) thereof and inserting “; and” in lieu thereof; and (3) by adding the following new paragraphs after paragraph (3) thereof: “(4) The terms ‘member account’ and ‘account’ (when referring to the account of a member of a credit union) mean a share, share certificate, or share deposit account of a member of a credit, union of a type approved by the Administrator which evidences money or its equivalent received or held by a credit union in the usual course of business and for which it has given or is obligated to give credit to the account of the member, and, in the case of a credit union serving predominantly low-income members (as defined by the Administrator), such terms (when referring to the account of a nonmember served by such credit union) mean a share, share certificate, or share deposit account of such nonmember which is of a type approved by the Administrator and evidences money or its equivalent received or held by such credit union in the usual course of business and for which it has given or is obligated to give credit to the account of such nonmember; “(5) The terms ‘State credit union’ and ‘State-chartered credit union’ mean a credit union organized and operated according to the laws of any State, the District of Columbia, the several territories and possessions of the United States, the Panama Canal Zone, or the Commonwealth of Puerto Rico, which laws provide for the organization of credit unions similar in principle and objectives to Federal credit unions; “(6) The term ‘insured credit union’ means any credit union the member accounts of which are insured in accordance with the provisions of title II of this Act, and the term ‘noninsured credit union’ means any credit union the member accounts of which are not so insured; “(7) The term ‘Fund’ means the National Credit Union Share Insurance Fund; and “(8) The term ‘branch’ includes any branch credit union, branch office, branch agency, additional office, or any branch place of business located in any State of the United States, the District of Columbia, the several territories and possessions of the United States, the Panama Canal Zone, or the Commonwealth of Puerto Rico, at which member accounts are established or money lent.”

  7. Pub. L. 95–22 title III § 308 · 91 Stat. 49

    Inserted · 12 U.S.C. § 1752(4)

    Pub. L. 95–22 inserted provision that such terms mean those accounts of nonmember credit unions and nonmember units of Federal, State, or local governments and political subdivisions thereof in which payments are received by a credit union pursuant to section 1757(6) of this title

    Source evidence

    Code amendment note
    Par. (4). Pub. L. 95–22 inserted provision that such terms mean those accounts of nonmember credit unions and nonmember units of Federal, State, or local governments and political subdivisions thereof in which payments are received by a credit union pursuant to section 1757(6) of this title.

    Enacted provision · exact public law section
    Sec. 308. Paragraph (4) of section 101 of the Federal Credit Union Act (12 U.S.C. 1752), the second time it appears therein, is amended by inserting immediately before the semicolon at the end thereof the following: “, and such terms mean those accounts of nonmember credit unions and nonmember units of Federal, State, or local governments and political subdivisions thereof in which payments are received by a Ante, p. 51. credit union pursuant to section 107(6) of this Act;”.

  8. Financial Institutions Regulatory and Interest Rate Control Act of 1978

    Pub. L. 95–630 § 502(a)(1) · 92 Stat. 3641

    Substituted · 12 U.S.C. § 1752(2)

    Pub. L. 95–630, § 502(a)(1), substituted provisions defining “Chairman” for provisions defining “Administrator”

    Source evidence

    Code amendment note
    Par. (2). Pub. L. 95–630, § 502(a)(1), substituted provisions defining “Chairman” for provisions defining “Administrator”.

    Enacted provision · exact public law section
    (1) by striking out clause (2) and inserting in lieu thereof the following: “(2) the term ‘Chairman’ means the Chairman of the National Credit Union Administration Board;

  9. Financial Institutions Regulatory and Interest Rate Control Act of 1978

    Pub. L. 95–630 § 502(a)(2) · 92 Stat. 3641

    Inserted · 12 U.S.C. § 1752(4)

    Pub. L. 95–630, § 502(a)(2), inserted “Administration” after “National Credit Union”

    Source evidence

    Code amendment note
    Par. (4). Pub. L. 95–630, § 502(a)(2), inserted “Administration” after “National Credit Union”.

    Enacted provision · exact public law section
    (2) by inserting “Administration” after “Union” in clause (4).

  10. Financial Institutions Regulatory and Interest Rate Control Act of 1978

    Pub. L. 95–630 title V · 92 Stat. 3641

    1. Redesignated · 12 U.S.C. § 1752(5)

      Pub. L. 95–630, §§ 502(b), 503(a), (b), redesignated par. (4), defining “member account” and “account”, as (5)

    2. Substituted · 12 U.S.C. § 1752(5)

      Pub. L. 95–630, §§ 502(b), 503(a), (b), substituted “share or share certificate” for “share, share certificate, or share deposit”

    3. Substituted · 12 U.S.C. § 1752(5)

      Pub. L. 95–630, §§ 502(b), 503(a), (b), substituted “Board” for “Administrator”

    4. Substituted · 12 U.S.C. § 1752(5)

      Pub. L. 95–630, §§ 502(b), 503(a), (b), substituted “share or share certificate accounts” for “those accounts”

    5. Substituted · 12 U.S.C. § 1752(5)

      Pub. L. 95–630, §§ 502(b), 503(a), (b), substituted “enumerated in section 1787 of this title: Provided, That for purposes of State credit unions, reference in this paragraph to ‘share’ or ‘share certificate’ accounts includes, as determined by the Board, the equivalent of such accounts under State law;” for “in which payments are received by a credit union pursuant to section 1757(6) of this title;”

    Source evidence

    Code amendment note
    Par. (5). Pub. L. 95–630, §§ 502(b), 503(a), (b), redesignated par. (4), defining “member account” and “account”, as (5) and substituted “share or share certificate” for “share, share certificate, or share deposit” in two places; “Board” for “Administrator” wherever appearing; “share or share certificate accounts” for “those accounts”; and “enumerated in section 1787 of this title: Provided, That for purposes of State credit unions, reference in this paragraph to ‘share’ or ‘share certificate’ accounts includes, as determined by the Board, the equivalent of such accounts under State law;” for “in which payments are received by a credit union pursuant to section 1757(6) of this title;”.

    Enacted provision · exact public law
    TITLE V— CREDIT UNION RESTRUCTURING Sec. 501. Section 102 of the Federal Credit Union Act (12 U.S.C. 1752a) is amended to read as follows: “Sec. 102. “creation of administration (a) There is hereby established in the executive branch of the Government an independent agency to be known as the National Credit Union Administration. The Administration shall be under the management of a National Credit Union Administration Board. “(b) The Board shall consist of three members, who are broadly representative of the public interest, appointed by the President, by and with the advice and consent of the Senate. In appointing the members of the Board, the President shall designate the Chairman. Not more than two members of the Board shall be members of the same political party. “(c) The term of office of each member of the Board shall be six years, except that the terms of the two members, other than the Chairman, initially appointed shall expire one upon the expiration of two years after the date of appointment, and the other upon the expiration of four years after the date of appointment. Board members shall not be appointed to succeed themselves except the initial members appointed for less than a six-year term may be reappointed for a full six-year term and future members appointed to fill unexpired terms may be reappointed for a full six-year term. Any Board member may continue to serve as such after the expiration of said member’s term until a successor has qualified. “(d) The management of the Administration shall be vested in the Board. The Board shall adopt such rules as it sees fit for the trans-action of its business and shall keep permanent and complete records Quorum. and minutes of its acts and proceedings. A majority of the Board shall constitute a quorum. Not later than April 1 of each calendar year, and Report to President and Congress. at such other times as the Congress snail determine, the Board shall make a report to the President and to the Congress. Such a report shall summarize the operations of the Administration and set forth such information as is necessary for the Congress to review the financial program approved by the Board. “(e) The Chairman of the Board shall be the spokesman for the Board and shall represent the Board and the National Credit Union Administration in its official relations with other branches of the Government. The Chairman shall determine each Board member’s area of responsibility and shall review such assignments biennially. It shall be the Chairman’s responsibility to direct the implementation of the adopted policies and regulations of the Board. “(f) The financial transactions of the Administration shall be subject Audit. Rules and regulations. to audit on a calendar year basis by the General Accounting Office in accordance with the principles and procedures applicable to commercial corporate transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States. The audit shall be conducted at the place or places where the accounts of the Administration are kept.”. Sec. 502. (a) Section 101 of the Federal Credit Union Act is 12 USC 1752. amended— (1) by striking out clause (2) and inserting in lieu thereof the following: “(2) the term ‘Chairman’ means the Chairman of the National Credit Union Administration Board; (2) by inserting “Administration” after “Union” in clause (4). (b) The Federal Credit Union Act is amended by striking out “Administrator” each place it appears and inserting in lieu thereof “Board”, and by striking out the personal pronouns “he”, “him”, and “his” when referring to the Administrator and inserting in lieu thereof “it”, “them”, and “its” as appropriate wherever such words appear therein. (c) Section 5108(a) of title 5, United States Code, is amended by changing the number “3,301” in the first sentence to read “3,310”. (d) Section 5314 of title 5, United States Code, is amended by adding the following new paragraph: “(66) Chairman, National Credit Union Administration Board.”. (e) Section 5315 (93) of title 5, United States Code, is amended by striking out “Administrator of the National Credit Union Administration” and inserting in lieu thereof “Members, National Credit Union Administration Board (2)”. Sec. 503. (a) Paragraph (4) of section 101 of the Federal Credit Union Act (12 U.S.C. 1752) which begins with “The terms ‘member account’” is redesignated paragraph “(5)” and the succeeding paragraphs numbered (5) through (8) are redesignated as paragraphs (6) through (9), respectively. (b) Paragraph (5) of section 101 of the Federal Credit Union Act (12 U.S.C. 1752), as redesignated by subsection (a) of this section, is amended— (1) by striking “(when referring to the account of a member of credit union)”; (2) by striking “share, share certificate, or share deposit” each time it appears therein and inserting “share or share certificate” in lieu thereof; (3) by striking “those” and inserting “share or share certificate” in lieu thereof; and (4) by striking all language after “political subdivisions thereof” and inserting “enumerated in section 207 of this Act: Provided, That for purposes of insured State credit unions, reference in this paragraph to ‘share’ or ‘share certificate’ accounts includes, as determined by the Board, the equivalent of such accounts under State law;” in lieu thereof. (c) Paragraph (9) of section 101 of the Federal Credit Union Act (12 U.S.C. 1752), as redesignated by (a) of this section, is amended by— (1) inserting “, including the trust territories,” after “several territories”; and (2) adding the following new sentence: “The term ‘branch’ also includes a suboffice, operated by a Federal credit union or by a credit union authorized by the Department of Defense, located on an American military installation in a foreign country or in the trust territories of the United States.”. Sec. 504. (a) Subsection (a) of section 201 of the Federal Credit Union Act (12 U.S.C. 1781) is amended by inserting including the trust territories,” after “several territories’. (b) Paragraph (b)(7) of such section is amended by inserting “except for accounts authorized by State law for State credit unions” before the semicolon. (c) Such section is further amended by striking all of subsection (cl) and redesignating subsection (e) as (d). Sec. 505. (a) Section 202 of the Federal Credit Union Act (12 U.S.C. 1782) is amended by striking out “his” in the fifth sentence of paragraph (a)(1) and inserting “such officer’s” in lieu thereof. (b) Subsection (h)(3) of such section is amended to read as follows: “(3) The term ‘member account’ when applied to the premium charge for insurance of accounts shall not include amounts received from other federally insured credit unions in excess of the insured account limit set forth in section 207(c)(1).”. Sec. 506. Section 208 of the Federal Credit Union Act (12 U.S.C. 1788) is amended by striking out “special assistance to avoid liquidation” and inserting “special assistance for federally insured credit unions” in lieu thereof. Sec. 507. Section 105 of the Federal Credit Union Act (12 U.S.C. 1755) is amended to read as follows: “Sec. 105. “fees (a) In accordance with rules prescribed by the Board, each Federal credit union shall pay to the Administration an annual operating fee which may be composed of one or more charges identified as to the function or functions for which assessed. “(b) The fee assessed under this section shall be determined according to a schedule, or schedules, or other method determined by the Board to be appropriate, which gives due consideration to the expenses of the Administration in carrying out its responsibilities under this Act and to the ability of Federal credit unions to pay the fee. The Board shall, among other things, determine the periods for which the fee shall be assessed and the date or dates for the payment of the fee or increments thereof. “(c) If the annual operating fee is composed of separate charges, no supervision charge shall be payable by a Federal credit union, and the Board may waive payment of any or all other charges comprising the fee, with respect to the year in which its charter is issued, or in which final distribution is made in its liquidation or the charter is canceled. “(d) All operating fees shall be deposited with the Treasurer of the United States for the account of the Administration and may be expended by the Board to defray the expenses incurred in carrying out the provisions of this Act including the examination and supervision of Federal credit unions.”. Sec. 508. Section 106 of the Federal Credit Union Act (12 U.S.C. 1756) is amended to read as follows: “Sec. 106. “reports and examinations Federal credit unions shall be under the supervision of the Board, and shall make financial reports to it as and when it may require, but at least annually. Each Federal credit union shall be subject to examination by, and for this purpose shall make its books and records accessible to, any person designated by the Board.”. Sec. 509. The amendments made by this title take effect upon the Effective date. 12 USC 1752 note. effective date of this Act, except that the functions of the Administrator of the National Credit Union Administration under the provisions of the Federal Credit Union Act, as in effect on the date preceding the date of enactment of this title, shall continue to be performed by him in accordance with such provisions until such time as all the members of the National Credit Union Administration Board, established under the amendments made by this title, take office. All rules, regulations, policies, and procedures of the Administrator in effect on the date of enactment of this title shall remain in effect until amended, superseded, or repealed.

  11. Financial Institutions Regulatory and Interest Rate Control Act of 1978

    Pub. L. 95–630 § 503(a) · 92 Stat. 3641

    Redesignated · 12 U.S.C. § 1752(6)(8)

    Pub. L. 95–630, § 503(a), redesignated former pars. (5) to (7) as (6) to (8). Former par. (8) redesignated (9)

    Source evidence

    Code amendment note
    Pars. (6) to (8). Pub. L. 95–630, § 503(a), redesignated former pars. (5) to (7) as (6) to (8). Former par. (8) redesignated (9).

    Enacted provision · exact public law section
    (a) Paragraph (4) of section 101 of the Federal Credit Union Act (12 U.S.C. 1752) which begins with “The terms ‘member account’” is redesignated paragraph “(5)” and the succeeding paragraphs numbered (5) through (8) are redesignated as paragraphs (6) through (9), respectively.

  12. Financial Institutions Regulatory and Interest Rate Control Act of 1978

    Pub. L. 95–630 § 503(a) · 92 Stat. 3641

    1. Redesignated · 12 U.S.C. § 1752(9)

      Pub. L. 95–630, § 503(a), (c), redesignated former par. (8) as (9)

    2. Inserted · 12 U.S.C. § 1752(9)

      Pub. L. 95–630, § 503(a), (c), inserted “, including the trust territories,” after “several territories”

    3. Inserted · 12 U.S.C. § 1752(9)

      Pub. L. 95–630, § 503(a), (c), inserted provision that term “branch” also includes a suboffice, operated by a Federal credit union or by a credit union authorized by the Department of Defense, located on an American military installation in a foreign country or in the trust territories of the United States

    Source evidence

    Code amendment note
    Par. (9). Pub. L. 95–630, § 503(a), (c), redesignated former par. (8) as (9), inserted “, including the trust territories,” after “several territories”, and inserted provision that term “branch” also includes a suboffice, operated by a Federal credit union or by a credit union authorized by the Department of Defense, located on an American military installation in a foreign country or in the trust territories of the United States.

    Enacted provision · exact public law section
    (a) Paragraph (4) of section 101 of the Federal Credit Union Act (12 U.S.C. 1752) which begins with “The terms ‘member account’” is redesignated paragraph “(5)” and the succeeding paragraphs numbered (5) through (8) are redesignated as paragraphs (6) through (9), respectively.

  13. Pub. L. 96–161 § 103(a)(1) · 93 Stat. 1233

    Inserted · 12 U.S.C. § 1752(5)

    Pub. L. 96–161, § 103(a)(1), inserted “, and such term also includes a share draft account” after “the equivalent of such accounts under State law”

    Source evidence

    Code amendment note
    Par. (5). Pub. L. 96–161, § 103(a)(1), inserted “, and such term also includes a share draft account” after “the equivalent of such accounts under State law”.

    Enacted provision · exact public law section
    (1) by inserting before the semicolon at the end of paragraph (5) the following: , and such term also includes a share draft account”;

  14. Pub. L. 96–161 § 103(a)(2) · 93 Stat. 1233

    Added · 12 U.S.C. § 1752(10)

    Pub. L. 96–161, § 103(a)(2)–(4), added par. (10)

    Source evidence

    Code amendment note
    Par. (10). Pub. L. 96–161, § 103(a)(2)–(4), added par. (10).

    Enacted provision · exact public law section
    (2) by striking out “and” at the end of paragraph (8);

  15. Depository Institutions Deregulation and Monetary Control Act of 1980

    Pub. L. 96–221 title III · 94 Stat. 131

    1. Inserted · 12 U.S.C. § 1752(5)

      Pub. L. 96–221, §§ 305(a), 307, inserted provisions respecting applicability to share draft accounts substantially similar to provisions added by Pub. L. 96–161

    2. Repealed · 12 U.S.C. § 1752(5)

      Pub. L. 96–221, §§ 305(a), 307, repealed the amendment made by Pub. L. 96–161. See Repeals and Effective Date of 1980 Amendment notes below

    Source evidence

    Code amendment note
    Par. (5). Pub. L. 96–221, §§ 305(a), 307, inserted provisions respecting applicability to share draft accounts substantially similar to provisions added by Pub. L. 96–161, and repealed the amendment made by Pub. L. 96–161. See Repeals and Effective Date of 1980 Amendment notes below.

    Enacted provision · exact public law
    TITLE III— CONSUMER CHECKING ACCOUNT EQUITY ACT OF 1980 Sec. 301. short title This title may be cited as the “Consumer Checking 12 USC 226 note. Account Equity Act of 1980”. Sec. 302. automatic transfer accounts (a) Section 19(i) of the Federal Reserve Act (12 U.S.C. 371a) is amended by adding at the end thereof the following new sentence: “Notwithstanding any other provision of this section, a member bank may permit withdrawals to be made automatically from a savings deposit that consists only of funds in which the entire beneficial interest is held by one or more individuals through payment to the bank itself or through transfer of credit to a demand deposit or other account pursuant to written authorization from the depositor to make such payments or transfers in connection with checks or drafts drawn upon the bank, pursuant to terms and conditions prescribed by the Board.”. (b) Section 18(g) of the Federal Deposit Insurance Act (12 U.S.C. 1828(g)) is amended by inserting “(1)” after “(g)” and by adding at the end thereof the following new paragraph: “(2) Notwithstanding the provisions of paragraph (1), an insured nonmember bank may permit withdrawals to be made automatically from a savings deposit that consists only of funds in which the entire beneficial interest is held by one or more individuals through payment to the bank itself or through transfer of credit to a demand deposit or other account pursuant to written authorization from the depositor to make such payments or transfers in connection with checks or drafts drawn upon the bank, pursuant to terms and conditions prescribed by the Board of Directors.”. Sec. 303. now accounts Section 2(a) of Public Law 93–100 (12 U.S.C. 1832(a)) is amended to read as follows: “(a) (1) Notwithstanding any other provision of law but subject to paragraph (2), a depository institution is authorized to permit the owner of a deposit or account on which interest or dividends are paid to make withdrawals by negotiable or transferable instruments for the purpose of making transfers to third parties. “(2) Paragraph (1) shall apply only with respect to deposits or accounts which consist solely of funds in which the entire beneficial interest is held by one or more individuals or by an organization which is operated primarily for religious, philanthropic, charitable, educational, or other similar purposes and which is not operated for profit.”. Sec. 304. remote service units Section 5(b)(1) of the Home Owners’ Loan Act of 1933 (12 U.S.C. 1464(b)(1)) is amended by adding at the end thereof the following new sentence: “This section does not prohibit the establishment of remote service units by associations for the purpose of crediting savings accounts, debiting such accounts, crediting payments on loans, and the disposition of related financial transactions, as provided in regulations prescribed by the Board.”. Sec. 305. share drafts (a) Section 101(5) of the Federal Credit Union Act (12 U.S.C. 1752(5)) is amended— (1) by striking out “or share certificate” each place it appears therein and inserting in lieu thereof “, share certificate, or share draft account”; and (2) by striking out “or ‘share certificate’” and inserting in lieu thereof “, ‘share certificate’, or ‘share draft’”. (b) Section 107(6) of the Federal Credit Union Act (12 U.S.C. 1757(6)) is amended by striking out “credit unions serving” and all that follows through the end thereof and inserting in lieu thereof “credit unions serving predominately low-income members (as defined by the Board) payments on— “(A) shares which may be issued at varying dividend rates; “(B) share certificates which may be issued at varying dividend rates and maturities; and “(C) share draft accounts authorized under section 205(f); subject to such terms, rates, and conditions as may be established by the board of directors, within limitations prescribed by the Board.”. (c) Section 117 of the Federal Credit Union Act (12 U.S.C. 1763) is amended— (1) in the first sentence— (A) by striking out “and” the second place it appears therein and inserting in lieu thereof a comma; and (B) by inserting “, and at different rates on different types of share draft accounts” before the period at the end thereof; and (2) in the second sentence, by striking out “and share certificates” and inserting in lieu thereof share certificates, and share draft accounts (d) Section 205 of the Federal Credit Union Act (12 U.S.C. 1785) is amended by adding at the end thereof the following new subsection: “(f) (1) Every insured credit union is authorized to maintain, and make loans with respect to, share draft accounts in accordance with rules and regulations prescribed by the Board. Except as provided in paragraph (2), an insured credit union may pay dividends on share draft accounts and may permit the owners of such share draft accounts to make withdrawals by negotiable or transferable instruments or other orders for the purpose of making transfers to third parties. “(2) Paragraph (1) shall apply only with respect to share draft accounts in which the entire beneficial interest is held by one or more individuals or members or by an organization which is operated primarily for religious, philanthropic, charitable, educational, or other similar purposes and which is not operated for profit.”. Sec. 306. effective dates The amendments made by sections 302, 304, and 305 of 12 USC 371a note. this title shall take effect at the close of March 31, 1980, and the amendments made by section 303 of this title shall take effect on December 31, 1980. Sec. 307. repeal of existing law At the close of March 31, 1980, the amendments made by sections 101 through 103 of Public Law 96–161 are hereby repealed. 12 USC 371a, 1464, 1752, 1757, 1828. Sec. 308. deposit insurance (a) (1) The following provisions of the Federal Deposit Insurance Act are amended by striking out “$40,000” each place it 12 USC 1811 note. appears therein and inserting in lieu thereof “$100,000”: (A) The first sentence of section 3(m) (12 U.S.C. 1813(m)). (B) The first sentence of section 7(i) (12 U.S.C. 1817(i)). (C) The last sentence of section ll(a)(1) (12 U.S.C. 1821(a)(1)). (D) The fifth sentence of section ll(i) (12 U.S.C. 1821(i)). (2) The amendments made by this subsection are not applicable to Exemption. 12 USC 1813 note. any claim arising out of the closing of a bank prior to the effective date of this section. (b) (1) The following provisions of title IV of the National Housing Act are amended by striking out “$40,000” each place it appears 12 USC 1724. therein and inserting in lieu thereof “$100,000”: (A) Section 401(b) (12 U.S.C. 1724(b)). (B) Section 405(a) (12 U.S.C. 1728(a)). (2) The amendments made by this subsection are not applicable to Exemption. 12 USC 1724 note. any claim arising out of a default, as defined in section 401(d) of the National Housing Act (12 U.S.C. 1724(d)), where the appointment of a conservator, receiver, or other legal custodian as set forth in that section became effective prior to the effective date of this section. (c) (1) The second sentence of section 207(c) of the Federal Credit Union Act (12 U.S.C. 1787(c)) is amended by striking out “$40,000” and inserting in lieu thereof “$100,000”. (2) The amendment made by this subsection is not applicable to any claim arising out of the closing of a credit union for liquidation on account of bankruptcy or insolvency pursuant to section 207 of the Federal Credit Union Act (12 U.S.C. 1787) prior to the effective date of this section. (d) Section 7(d) of the Federal Deposit Insurance Act (12 U.S.C. 1817(d)) is amended— (1) in the first sentence— (A) by inserting “(1)” after “(d)”; (B) by striking out “December 31, 1961” and inserting in lieu thereof “December 31, 1980”; and (C) by striking out “33 ¥3 per centum” and inserting in lieu thereof “40 per centum”; and (2) by adding at the end thereof the following new paragraph: “(2) Notwithstanding any other provision of this subsection— “(A) whenever the Board of Directors determines that the ratio of the Corporation’s capital account to the estimated insured deposits is less than 1.10 per centum, the Board of Directors shall increase the per centum of net assessment income to be transferred to the Corporation’s capital account by such an amount, but not to exceed 50 per centum, as it determines will result in maintaining that ratio at not less than 1.10 per centum; “(B) whenever the Board of Directors determines that the ratio of the Corporation’s capital account to the estimated insured deposits exceeds 1.25 per centum, the Board of Directors may reduce the per centum of net assessment income to be transferred to the Corporation’s capital account by such an amount as it determines will result in maintaining such ratio at not less than 1.25 per centum; and “(C) whenever the Board of Directors determines that the ratio of the Corporation’s capital account to the estimated insured deposits exceeds 1.40 per centum, the Board of Directors shall reduce the per centum of net assessment income to be transferred to the Corporation’s capital account by such an amount as it determines will result in maintaining that ratio at not more than 1.40 per centum.”. (e) The amendments made by this section shall take effect on the date of enactment of this Act. Sec. 309. credit union amendments (a) The Federal Credit Union Act is amended— (1) in section 107(5)(A)(i)— (A) by inserting “, including an individual cooperative unit,” immediately following “dwelling”; and (B) by inserting “(except that a loan on an individual cooperative unit shall be adequately secured as defined by the Board)” after “thirty years”; (2) by striking out section 305(b)(3) and inserting in lieu thereof the following: “(3) shall share in dividend distributions at rates determined by the Board. However, rates on the required capital stock shall be without preference; and”; (3) by striking out “, to the extent or in such amounts as are provided in advance in appropriation Acts” in section 307(15); 12 USC 1795f. and (4) in title III, as so redesignated by subsection (b)(1), by 12 USC 1795b–1795g. striking out “Administrator” each place it appears and inserting in lieu thereof “Board”. (b) The Federal Credit Union Act is amended— 12 USC 1751. 12 USC 1795. (1) by striking out the heading of subchapter III of such Act and inserting in lieu thereof “TITLE III—CENTRAL LIQUIDITY FACILITY”; (2) in title III, as so redesignated by paragraph (1), by striking 12 USC 1795a, 1795c, 1795f, 1795g. out “subchapter” each place it appears therein and inserting in lieu thereof “title”; and (3) in section 307(3), by striking out “subchapters I and II of this 12 USC 1795f. chapter” and inserting in lieu thereof “titles I and II of this Act”. Sec. 310. interest rates on credit union loans Section 107(5)(A)(vi) of the Federal Credit Union Act (12 U.S.C. 1757(5)(A)(vi)) is amended to read as follows: “(vi) the rate of interest may not exceed 15 per centum per annum on the unpaid balance inclusive of all finance charges, except that the Board may establish— “(I) after consultation with the appropriate committees of the Congress, the Department of Treasury, and the Federal financial institution regulatory agencies, an interest rate ceiling exceeding such 15 per centum per annum rate, for periods not to exceed 18 months, if it determines that money market interest rates have risen over the preceding six-month period and that prevailing interest rate levels threaten the safety and soundness of individual credit unions as evidenced by adverse trends in liquidity, capital, earnings, and growth; and “(II) a higher interest rate ceiling for Agent members of the Central Liquidity Facility in carrying out the provisions of title III for such periods as the Board may 12 USC 1795. authorize;”. Sec. 311. federal home loan bank settlement and processing of drafts Section 11(e) of the Federal Home Loan Bank Act (12 U.S.C. 1431(e)) is amended— (1) by inserting “(1)” after “(e)”; and (2) by adding at the end thereof the following new paragraph: “(2) (A) The Board may, subject to such rules and regulations, including definitions of terms used in this paragraph, as the Board shall from time to time prescribe, authorize Federal Home Loan Banks to be drawees of, and to engage in, or be agents or intermediaries for, or otherwise participate or assist in, the collection and settlement of (including presentment, clearing, and payment of, and remitting for), checks, drafts, or any other negotiable or non negotiable items or instruments of payment drawn on or issued by members of any Federal Home Loan Bank or by institutions which are eligible to make application to become members pursuant to section 4, and to 12 USC 1424. have such incidental powers as the Board shall find necessary for the exercise of any such authorization. “(B) A Federal Home Loan Bank shall make charges, to be determined and regulated by the Board consistent with the principles Ante, p. 140. set forth in section HA(c) of the Federal Reserve Act, or utilize the services of, or act as agent for, or be a member of, a Federal Reserve bank, clearinghouse, or any other public or private financial institution or other agency, in the exercise of any powers or functions pursuant to this paragraph. “(C) The Board is authorized, with respect to participation in the collection and settlement of any items by Federal Home Loan Banks, and with respect to the collection and settlement (including payment by the payor institution) of items payable by Federal savings and loan associations and Federal mutual savings banks, to prescribe rules and regulations regarding the rights, powers, responsibilities, duties, and liabilities, including standards relating thereto, of such Banks, associations, or banks and other parties to any such items or their collection and settlement. In prescribing such rules and regulations, the Board may adopt or apply, in whole or in part, general banking usage and practices, and, in instances or respects in which they would otherwise not be applicable, Federal Reserve regulations and operating letters, the Uniform Commercial Code, and clearinghouse rules.”. Sec. 312. central liquidity facility settlement and processing of share drafts Section 307 of the Federal Credit Union Act (12 U.S.C. 17950 is amended— (1) by inserting “(a)” after “Sec. 307.”; and (2) by adding at the end thereof the following: “(b) (1) The Board may authorize the Central Liquidity Facility or its Agent members, subject to such rules and regulations, including definitions of terms used in this subsection, as the Board shall from time to time prescribe, to be drawees of, and to engage in, or be agents or intermediaries for, or otherwise participate or assist in, the collection and settlement of (including presentment, clearing, and payment of, and remitting for), checks, share drafts, or any other negotiable or nonnegotiable items or instruments of payment drawn on or issued by members of the Central Liquidity Facility, any of its Agent members, or any other credit union eligible to become a member of the Central Liquidity Facility, and to have such incidental powers as the Board shall find necessary for the exercise of any such authorization. “(2) The Central Liquidity Facility or its Agent members shall make charges, to be determined and regulated by the Board consistent with the principles set forth in section 11A(c) of the Federal Ante, p. 140. Reserve Act, or utilize the services of, or act as agent for, or be a member of, a Federal Reserve bank, clearinghouse, or any other public or private financial institution or other agency, in the exercise of any powers or functions pursuant to this subsection. “(3) The Board is authorized, with respect to participation in the collection and settlement of any items by the Central Liquidity Facility or by its Agent members, and with respect to the collection and settlement (including payment by the payor institution) of items payable by members of the Central Liquidity Facility or of any of its Agent members, to prescribe rules and regulations regarding the rights, powers, responsibilities, duties, and liabilities, including standards relating thereto, of such entities and other parties to any such items or their collection and settlement. In prescribing such rules and regulations, the Board may adopt or apply, in whole or in part, general banking usage and practices, and, in instances or respects in which they would otherwise not be applicable, Federal Reserve regulations and operating letters, the Uniform Commercial Code, and clearinghouse rules.”. Sec. 313. alaska usa federal credit union Any person who is a member of the Alaska USA Federal Credit Union prior to any termination date which is contained in section 5 of the charter of such credit union and which would otherwise apply to such person may continue to be a member of such credit union on and after such date until the expiration of two years after the date of the enactment of this Act. For purposes of this section, the term “member of the Alaska USA Federal Credit Union” means any person who has an account at such credit union.

    Effective date note
    Amendment by Pub. L. 96–221 effective at close of Mar. 31, 1980, see section 306 of Pub. L. 96–221, set out as a note under section 1464 of this title.

  16. Depository Institutions Deregulation and Monetary Control Act of 1980

    Pub. L. 96–221 § 307 · 94 Stat. 131

    Repealed · 12 U.S.C. § 1752(10)

    Pub. L. 96–221, § 307, struck out par. (10) which defined “share draft account”. See Repeals and Effective Date of 1980 Amendment notes below

    Source evidence

    Code amendment note
    Par. (10). Pub. L. 96–221, § 307, struck out par. (10) which defined “share draft account”. See Repeals and Effective Date of 1980 Amendment notes below.

    Enacted provision · exact public law section
    Sec. 307. repeal of existing law At the close of March 31, 1980, the amendments made by sections 101 through 103 of Public Law 96–161 are hereby repealed. 12 USC 371a, 1464, 1752, 1757, 1828.

    Effective date note
    Amendment by Pub. L. 96–221 effective at close of Mar. 31, 1980, see section 306 of Pub. L. 96–221, set out as a note under section 1464 of this title.

  17. Garn-St Germain Depository Institutions Act of 1982

    Pub. L. 97–320 title V § 501 · 96 Stat. 1469

    Inserted · 12 U.S.C. § 1752(5)

    Pub. L. 97–320 inserted “, and such terms mean custodial accounts established for loans sold in whole or in part pursuant to section 1757(13) of this title” after “section 1787 of this title”

    Source evidence

    Code amendment note
    Par. (5). Pub. L. 97–320 inserted “, and such terms mean custodial accounts established for loans sold in whole or in part pursuant to section 1757(13) of this title” after “section 1787 of this title”.

    Enacted provision · exact public law section
    Sec. 501. custodial accounts Section 101(5) of the Federal Credit Union Act (12 U.S.C. 1752(5)) is amended by inserting “, and such terms mean custodial accounts established for loans sold in whole or in part pursuant to section 107(13)” after “section 207 of this Act”.

  18. Pub. L. 109–351 § 726(1) · 120 Stat. 1966

    Struck · 12 U.S.C. § 1752(3)

    Pub. L. 109–351, § 726(1), struck out “and” after semicolon

    Source evidence

    Code amendment note
    Par. (3). Pub. L. 109–351, § 726(1), struck out “and” after semicolon.

    Enacted provision · exact public law section
    (1) In section 101(3), 12 USC 1752. strike “and” after the semicolon.

  19. Pub. L. 109–351 § 726(2) · 120 Stat. 1966

    Substituted · 12 U.S.C. § 1752(5)

    Pub. L. 109–351, § 726(2), substituted “share draft account” for “share draft account account” in two places and for “share draft account accounts” before “of nonmember”

    Source evidence

    Code amendment note
    Par. (5). Pub. L. 109–351, § 726(2), substituted “share draft account” for “share draft account account” in two places and for “share draft account accounts” before “of nonmember”.

    Enacted provision · exact public law section
    (2) In section 101(5), strike the terms “account account” and “account accounts” each place any such term appears and insert “account”.

17 of 26 references resolved to an enrolled provision · 9 partial

Editorial Notes

References in Text

For definition of Canal Zone, referred to in text, see section 3602(b) of Title 22, Foreign Relations and Intercourse.

Amendments1959–2006 · 8 rounds

2006

Par. (3). Pub. L. 109–351, § 726(1), struck out “and” after semicolon.

Par. (5). Pub. L. 109–351, § 726(2), substituted “share draft account” for “share draft account account” in two places and for “share draft account accounts” before “of nonmember”.

1982

Par. (5). Pub. L. 97–320 inserted “, and such terms mean custodial accounts established for loans sold in whole or in part pursuant to section 1757(13) of this title” after “section 1787 of this title”.

1980

Par. (5). Pub. L. 96–221, §§ 305(a), 307, inserted provisions respecting applicability to share draft accounts substantially similar to provisions added by Pub. L. 96–161, and repealed the amendment made by Pub. L. 96–161. See Repeals and Effective Date of 1980 Amendment notes below.

Par. (10). Pub. L. 96–221, § 307, struck out par. (10) which defined “share draft account”. See Repeals and Effective Date of 1980 Amendment notes below.

1979

Par. (5). Pub. L. 96–161, § 103(a)(1), inserted “, and such term also includes a share draft account” after “the equivalent of such accounts under State law”.

Par. (10). Pub. L. 96–161, § 103(a)(2)–(4), added par. (10).

1978

Par. (2). Pub. L. 95–630, § 502(a)(1), substituted provisions defining “Chairman” for provisions defining “Administrator”.

Par. (4). Pub. L. 95–630, § 502(a)(2), inserted “Administration” after “National Credit Union”.

Par. (5). Pub. L. 95–630, §§ 502(b), 503(a), (b), redesignated par. (4), defining “member account” and “account”, as (5) and substituted “share or share certificate” for “share, share certificate, or share deposit” in two places; “Board” for “Administrator” wherever appearing; “share or share certificate accounts” for “those accounts”; and “enumerated in section 1787 of this title: Provided, That for purposes of State credit unions, reference in this paragraph to ‘share’ or ‘share certificate’ accounts includes, as determined by the Board, the equivalent of such accounts under State law;” for “in which payments are received by a credit union pursuant to section 1757(6) of this title;”.

Pars. (6) to (8). Pub. L. 95–630, § 503(a), redesignated former pars. (5) to (7) as (6) to (8). Former par. (8) redesignated (9).

Par. (9). Pub. L. 95–630, § 503(a), (c), redesignated former par. (8) as (9), inserted “, including the trust territories,” after “several territories”, and inserted provision that term “branch” also includes a suboffice, operated by a Federal credit union or by a credit union authorized by the Department of Defense, located on an American military installation in a foreign country or in the trust territories of the United States.

1977

Par. (4). Pub. L. 95–22 inserted provision that such terms mean those accounts of nonmember credit unions and nonmember units of Federal, State, or local governments and political subdivisions thereof in which payments are received by a credit union pursuant to section 1757(6) of this title.

1970

Par. (2). Pub. L. 91–206 substituting “Administrator” as meaning Administrator of the National Credit Union Administration for “Bureau” as meaning the Bureau of Federal Credit Unions.

Par. (3). Pub. L. 91–206 substituted “Administration” as meaning the National Credit Union Administration for “Director” as meaning Director of the Bureau of Federal Credit Unions.

Par. (4). Pub. L. 91–206 added par. (4).

Pars. (4) to (8). Pub. L. 91–468, § 2, added pars. (4) to (8).

1959

Pub. L. 86–354 designated the terms defined as subsecs. (1) to (3).

Statutory Notes and Related Subsidiaries

Effective Date of 1980 Amendment

Amendment by Pub. L. 96–221 effective at close of , see section 306 of Pub. L. 96–221, set out as a note under section 1464 of this title.

Effective and Termination Dates of 1979 Amendment

Amendment by Pub. L. 96–161 effective , with that amendment to remain in effect until the close of , see section 104 of Pub. L. 96–161, formerly set out as a note under section 371a of this title.

Effective Date of 1978 Amendment

Pub. L. 95–630, title V, § 509, , 92 Stat. 3683, provided that: “The amendments made by this title [amending this section, sections 1753 to 1756, 1757 to 1759, 1761 to 1763, 1766, 1767, 1771, 1772a, and 1781 to 1789 of this title, and sections 5108, 5314, and 5315 of Title 5, Government Organization and Employees] take effect upon the effective date of this Act [see Effective Date note under section 375b of this title], except that the functions of the Administrator of the National Credit Union Administration under the provisions of the Federal Credit Union Act [this chapter], as in effect on the date preceding the date of enactment of this title [], shall continue to be performed by him in accordance with such provisions until such time as all the members of the National Credit Union Administration Board, established under the amendments made by this title, take office. All rules, regulations, policies, and procedures of the Administrator in effect on the date of enactment of this title shall remain in effect until amended, superseded, or repealed.”

Repeals

Amendment by section 103 of Pub. L. 96–161, cited as a credit to this section, was repealed at the close of , by section 307 of Pub. L. 96–221, and substantially identical provisions were enacted by section 305 of Pub. L. 96–221, such amendments to take effect at the close of .

Executive Documents

Ex. Ord. No. 13816. Revising the Seal for the National Credit Union Administration

Ex. Ord. No. 13816, , 82 F.R. 58701, provided:

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:

Section 1. Revision. (a) The National Credit Union Administration Board has caused to be made, and has recommended approval of, a new seal of office for the National Credit Union Administration (NCUA), the design of which accompanies and is hereby made a part of this order [not set out in the Code], and which is described as follows:

(i) The eagle overlaid by the shield conveys the NCUA’s role as an agency of the Federal Government. The text, “NCUA,” in white on a blue background on the crest of the shield is the core of the sign that federally insured credit unions are required to display.

(ii) The three stars above the eagle represent the NCUA’s three-member Board, appointed by the President of the United States by and with the advice and consent of the Senate.

(iii) The oak branch the eagle is holding in its left talon symbolizes the NCUA’s strength, honor, and longevity in carrying out its mission of promoting confidence in the national system of cooperative credit.

(iv) The olive branch the eagle is holding in its right talon symbolizes the peace and prosperity facilitated by the economic growth and access to affordable financial services that the Nation’s credit unions have long provided to millions of Americans.

(v) The upper portion of the circle that forms the border of the seal sets forth the agency’s title, “National Credit Union Administration.” The date “1934” in the lower portion of the circle reflects the creation of the Federal credit union system by the Congress in 1934 and the long unbroken line of Federal credit union regulation that evolved into the NCUA.

(b) This seal is of suitable design and appropriate for adoption as the official seal of the NCUA.

(c) I hereby approve this seal as the official seal of the NCUA.

Sec. 2. Revocation. Executive Order 11580 of (Establishing a Seal for the National Credit Union Administration), as amended, is hereby revoked.

Sec. 3. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

Donald J. Trump.

Credits

1934–2006 · 11 acts
  1. 1934June 26, 1934, ch. 750, title I, § 101, formerly § 2, 48 Stat. 1216
  2. 19471947 Reorg. Plan No. 1, § 401, eff. , 12 F.R. 4534, 61 Stat. 952
  3. 1948June 29, 1948, ch. 711, §§ 1, 2, 62 Stat. 1091
  4. 1959Pub. L. 86–354, § 1, , 73 Stat. 628
  5. 1970Pub. L. 91–206, § 1, , 84 Stat. 49, renumbered title I, § 101, and amended Pub. L. 91–468, §§ 1(2), 2, , 84 Stat. 994, 1015
  6. 1977Pub. L. 95–22, title III, § 308, , 91 Stat. 52
  7. 1978Pub. L. 95–630, title V, §§ 502(a), (b), 503, , 92 Stat. 3681
  8. 1979Pub. L. 96–161, title I, § 103(a), , 93 Stat. 1233
  9. 1980Pub. L. 96–221, title III, §§ 305(a), 307, , 94 Stat. 146, 147
  10. 1982Pub. L. 97–320, title V, § 501, , 96 Stat. 1528
  11. 2006Pub. L. 109–351, title VII, § 726(1), (2), , 120 Stat. 2002.
Show as published

(June 26, 1934, ch. 750, title I, § 101, formerly § 2, 48 Stat. 1216; 1947 Reorg. Plan No. 1, § 401, eff. , 12 F.R. 4534, 61 Stat. 952; June 29, 1948, ch. 711, §§ 1, 2, 62 Stat. 1091; Pub. L. 86–354, § 1, , 73 Stat. 628; Pub. L. 91–206, § 1, , 84 Stat. 49, renumbered title I, § 101, and amended Pub. L. 91–468, §§ 1(2), 2, , 84 Stat. 994, 1015; Pub. L. 95–22, title III, § 308, , 91 Stat. 52; Pub. L. 95–630, title V, §§ 502(a), (b), 503, , 92 Stat. 3681; Pub. L. 96–161, title I, § 103(a), , 93 Stat. 1233; Pub. L. 96–221, title III, §§ 305(a), 307, , 94 Stat. 146, 147; Pub. L. 97–320, title V, § 501, , 96 Stat. 1528; Pub. L. 109–351, title VII, § 726(1), (2), , 120 Stat. 2002.)

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