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.
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, 3720Enacted 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.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.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”.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; andEffective 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
- 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
- 1980Pub. L. 96–221, title III, § 309(a)(4), (b)(1), , 94 Stat. 149
- 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.)