§ 1784. Examination of insured credit unions

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. 91–468 § 1(3) · 84 Stat. 994

   Enacted · 12 U.S.C. § 1784

   June 26, 1934, ch. 750, title II, § 204, as added Pub. L. 91–468, § 1(3), Oct. 19, 1970, 84 Stat. 1001

   Source evidence

   Code source credit
   June 26, 1934, ch. 750, title II, § 204, as added Pub. L. 91–468, § 1(3), Oct. 19, 1970, 84 Stat. 1001

   Enacted provision · exact public law section
   (1) by inserting immediately above the heading of section 2 the following: “TITLE I— FEDERAL CREDIT UNIONS”;

2. 1978

   Financial Institutions Regulatory and Interest Rate Control Act of 1978

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

   1. Substituted · 12 U.S.C. § 1784

      Pub. L. 95–630 substituted “Board” for “Administrator” “his”, respectively, where appropriate

   2. Substituted · 12 U.S.C. § 1784

      Pub. L. 95–630 substituted “its” for “him” “his”, respectively, where appropriate

   Source evidence

   Code amendment note
   Pub. L. 95–630 substituted “Board” for “Administrator” wherever appearing, and “it” and “its” for “him” and “his”, respectively, where appropriate.

   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.

3. 1989

   Financial Institutions Reform, Recovery, and Enforcement Act of 1989

   Pub. L. 101–73 § 915(a)(1) · 103 Stat. 183

   Inserted · 12 U.S.C. § 1784(b)

   Pub. L. 101–73, § 915(a)(1), inserted “or with other types of investigations to determine compliance with applicable law and regulations,” after “insured credit unions,”

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 101–73, § 915(a)(1), inserted “or with other types of investigations to determine compliance with applicable law and regulations,” after “insured credit unions,”.

   Enacted provision · exact public law section
   (1) by inserting after “insured credit unions,” the following: “or with other types of investigations to determine compliance with applicable law and regulations,”; and

4. 1989

   Financial Institutions Reform, Recovery, and Enforcement Act of 1989

   Pub. L. 101–73 § 915(a)(2) · 103 Stat. 183

   Changed · 12 U.S.C. § 1784(b)

   Pub. L. 101–73, § 915(a)(2), which directed the insertion of “and to exercise such others powers as are set forth in section 1786(p) of this title” after “subpena duces tecum”, was executed by making the insertion after “subpenas duces tecum”, as the probable intent of Congress

   Target inherited from the preceding amendment note.

   Source evidence

   Code amendment note
   Pub. L. 101–73, § 915(a)(2), which directed the insertion of “and to exercise such others powers as are set forth in section 1786(p) of this title” after “subpena duces tecum”, was executed by making the insertion after “subpenas duces tecum”, as the probable intent of Congress.

   Enacted provision · exact public law section
   (2) by inserting after “subpena duces tecum” the following: “and to exercise such others powers as are set forth in section 206(p)”.

5. 1994

   Riegle Community Development and Regulatory Improvement Act of 1994

   Pub. L. 103–325 title V § 529(b) · 108 Stat. 2160

   Added · 12 U.S.C. § 1784(e)

   Pub. L. 103–325 added subsec. (e)

   Source evidence

   Code amendment note
   Subsec. (e). Pub. L. 103–325 added subsec. (e).

6. 1998

   Credit Union Membership Access Act

   Pub. L. 105–219 title III § 303 · 112 Stat. 913

   Added · 12 U.S.C. § 1784(f); 12 U.S.C. § 1784(g)

   Pub. L. 105–219 added subsecs. (f) and (g)

   Source evidence

   Code amendment note
   Subsecs. (f), (g). Pub. L. 105–219 added subsecs. (f) and (g).

   Enacted provision · exact public law section
   SEC. 303. ACCESS TO LIQUIDITY. Section 204 of the Federal Credit Union Act (12 U.S.C. 1784) is amended by adding at the end the following new subsections: “(f) Access to liquidity.— The Board shall— “(1) periodically assess the potential liquidity needs of each insured credit union, and the options that the credit union has available for meeting those needs; and “(2) periodically assess the potential liquidity needs of insured credit unions as a group, and the options that insured credit unions have available for meeting those needs. “(g) Sharing Information With Federal Reserve Banks.— The Board shall, for the purpose of facilitating insured credit unions’ access to liquidity, make available to the Federal reserve banks (subject to appropriate assurances of confidentiality) information relevant to making advances to such credit unions, including the Board’s reports of examination.”.

7. 2006

   Pub. L. 109–351 title VII § 726(13) · 120 Stat. 1966

   Substituted · 12 U.S.C. § 1784(b)

   Pub. L. 109–351 substituted “such other powers” for “such others powers”

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 109–351 substituted “such other powers” for “such others powers”.

   Enacted provision · exact public law section
   (13) In section 204(b), 12 USC 1784. strike “such others powers” and insert “such other powers”.

7 of 8 references resolved to an enrolled provision · 1 partial