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Title 12 — Banks and Banking

Chapter 14 — Federal Credit Unions

§ 1795b. National Credit Union Administration Central Liquidity Facility; establishment; management; jurisdiction

Statutory text

There is created the National Credit Union Administration Central Liquidity Facility. The Central Liquidity Facility, an instrumentality of the United States, shall exist within the National Credit Union Administration and be managed by the Board. The United States district court shall have original jurisdiction over any case to which the Board on behalf of the Facility is a party, without regard to the amount in controversy.

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. Financial Institutions Regulatory and Interest Rate Control Act of 1978

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

    Enacted · 12 U.S.C. § 1795b

    June 26, 1934, ch. 750, title III, formerly subch. III, § 303, as added and amended Pub. L. 95–630, title V, § 502(b), title XVIII, § 1802, Nov. 10, 1978, 92 Stat. 3681, 3720

    Source evidence

    Code source credit
    June 26, 1934, ch. 750, title III, formerly subch. III, § 303, as added and amended Pub. L. 95–630, title V, § 502(b), title XVIII, § 1802, Nov. 10, 1978, 92 Stat. 3681, 3720

    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.

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

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

    Substituted · 12 U.S.C. § 1795b

    Pub. L. 95–630, § 502(b), substituted “Board” for “Administrator” in two places

    Source evidence

    Code amendment note
    Pub. L. 95–630, § 502(b), substituted “Board” for “Administrator” in two places.

    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.

  3. Depository Institutions Deregulation and Monetary Control Act of 1980

    Pub. L. 96–221 § 309(a)(4) · 94 Stat. 131

    Substituted · 12 U.S.C. § 1795b

    Pub. L. 96–221, § 309(a)(4), substituted “Board” for “Administrator” in two places, such change having been made previously by Pub. L. 95–630

    Source evidence

    Code amendment note
    Pub. L. 96–221, § 309(a)(4), substituted “Board” for “Administrator” in two places, such change having been made previously by Pub. L. 95–630.

    Enacted provision · exact public law section
    (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”.

  4. Spending Reduction Act of 1984

    Pub. L. 98–369 div. B title VIII § 2813(a)(1) · 98 Stat. 494

    Inserted · 12 U.S.C. § 1795b

    Pub. L. 98–369 inserted “, an instrumentality of the United States,”

    Source evidence

    Code amendment note
    Pub. L. 98–369 inserted “, an instrumentality of the United States,”.

    Enacted provision · exact public law section
    (1) in section 303 by inserting “, an instrumentality of the United States,” after “Central Liquidity Facility” in the second sentence; and

    Effective date note
    Amendment by Pub. L. 98–369 effective Oct. 1, 1979, see section 2813(c) of Pub. L. 98–369, set out as an Effective Date note under section 1795k of this title.

4 of 4 references resolved to an enrolled provision

Editorial Notes

Codification

Section 309(b)(1) of Pub. L. 96–221 redesignated subch. III as title III of act June 26, 1934, ch. 750, cited as a credit to this section.

Amendments1978–1984 · 3 rounds

1984

Pub. L. 98–369 inserted “, an instrumentality of the United States,”.

1980

Pub. L. 96–221, § 309(a)(4), substituted “Board” for “Administrator” in two places, such change having been made previously by Pub. L. 95–630.

1978

Pub. L. 95–630, § 502(b), substituted “Board” for “Administrator” in two places.

Statutory Notes and Related Subsidiaries

Effective Date of 1984 Amendment

Amendment by Pub. L. 98–369 effective , see section 2813(c) of Pub. L. 98–369, set out as an Effective Date note under section 1795k of this title.

Effective Date of 1978 Amendment

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

Effective Date

Section effective , see section 1806 of Pub. L. 95–630, set out as a note under section 1795 of this title.

Credits

1934–1984 · 3 acts
  1. 1934June 26, 1934, ch. 750, title III, formerly subch. III, § 303, as added and amended Pub. L. 95–630, title V, § 502(b), title XVIII, § 1802, , 92 Stat. 3681, 3720
  2. 1980Pub. L. 96–221, title III, § 309(a)(4), (b)(1), , 94 Stat. 149
  3. 1984Pub. L. 98–369, div. B, title VIII, § 2813(a)(1), , 98 Stat. 1206.
Show as published

(June 26, 1934, ch. 750, title III, formerly subch. III, § 303, as added and amended Pub. L. 95–630, title V, § 502(b), title XVIII, § 1802, , 92 Stat. 3681, 3720; Pub. L. 96–221, title III, § 309(a)(4), (b)(1), , 94 Stat. 149; Pub. L. 98–369, div. B, title VIII, § 2813(a)(1), , 98 Stat. 1206.)

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