§ 1767. Fiscal agents and depositories; authorization to secure deposits by governmental bodies

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. 1934

   Pub. L. 73–750 · 48 Stat. 1216

   Enacted · 12 U.S.C. § 1767

   June 26, 1934, ch. 750, title I, § 121, formerly § 17, 48 Stat. 1222

   Source evidence

   Code source credit
   June 26, 1934, ch. 750, title I, § 121, formerly § 17, 48 Stat. 1222

2. 1970

   Pub. L. 91–206 § 2(1) · 84 Stat. 49

   Substituted · 12 U.S.C. § 1767

   Pub. L. 91–206 substituted “Administrator” for “Director”

   Source evidence

   Code amendment note
   Pub. L. 91–206 substituted “Administrator” for “Director”.

   Enacted provision · exact public law section
   Sec. 2. The Federal Credit Union Act is further amended (1) by changing “Director” to read “Administrator” each place it appears therein; (2) by changing “Bureau of Federal Credit Unions” to read “National Credit Union Administration” each place it appears therein; and (3) by changing “Bureau”, each remaining place it appears, to read “Administration”.

3. 1978

   Financial Institutions Regulatory and Interest Rate Control Act of 1978

   Pub. L. 95–630 title V § 502(b) · 92 Stat. 3641

   Substituted · 12 U.S.C. § 1767

   Pub. L. 95–630 substituted “Board” for “Administrator”

   Source evidence

   Code amendment note
   Pub. L. 95–630 substituted “Board” for “Administrator”.

   Enacted provision · exact public law section
   (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.

   Effective date note
   Amendment by Pub. L. 95–630 effective on expiration of 120 days after Nov. 10, 1978, and transitional provisions, see section 509 of Pub. L. 95–630, set out as a note under section 1752 of this title.

4. 1987

   Credit Union Amendments of 1987

   Pub. L. 100–86 title VII § 716 · 101 Stat. 552

   1. Amended · 12 U.S.C. § 1767

      Pub. L. 100–86 designated existing provisions as subsec. (a)

   2. Added · 12 U.S.C. § 1767

      Pub. L. 100–86 added subsec. (b)

   Source evidence

   Code amendment note
   Pub. L. 100–86 designated existing provisions as subsec. (a) and added subsec. (b).

   Enacted provision · exact public law section
   SEC. 716. ASSETS WHICH MAY BE PLEDGED. (a) In General.— Section 121 of the Federal Credit Union Act (12 U.S.C. 1767) is amended by adding at the end thereof the following new subsection: “(b) Any Federal credit union, upon the deposit with it of any funds by the Federal Government, an Indian tribe, or any State or local government or political subdivision thereof as otherwise authorized by this Act, is authorized to pledge any of its assets securing the payment of the funds so deposited.”. (b) Conforming Amendment.— Section 121 of the Federal Credit Union Act (12 U.S.C. 1767) is amended by striking out “Each” in the first sentence and inserting in lieu thereof “(a) Each”.

4 of 5 references resolved to an enrolled provision · 1 partial