Title 12 — Banks and BankingRelease 119-73
§1795 Congressional findings
Title 12 › Chapter CHAPTER 14— - FEDERAL CREDIT UNIONS › Subchapter SUBCHAPTER III— - CENTRAL LIQUIDITY FACILITY › § 1795
Summary
Create a central liquidity facility to give credit unions funds that protect savings and support lending.
Full Legal Text
Title 12, §1795
Banks and Banking — Source: USLM XML via OLRC
The Congress finds that the establishment of a National Credit Union Central Liquidity Facility is needed to improve general financial stability by meeting the liquidity needs of credit unions and thereby encourage savings, support consumer and mortgage lending, and provide basic financial resources to all segments of the economy.
Legislative History
Notes & Related Subsidiaries
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.
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 95–630, title XVIII, § 1806, Nov. 10, 1978, 92 Stat. 3724, provided that: “This title [enacting this subchapter and amending section 1757 of this title, section 709 of Title 18, Crimes and Criminal Procedure, and section 856 of former Title 31, Money and Finance] shall take effect on October 1, 1979.”
Short Title
For
Short Title
of title XVIII of Pub. L. 95–630, Nov. 10, 1978, 92 Stat. 3719, as the “National Credit Union Central Liquidity Facility Act”, see section 1801 of Pub. L. 95–630, set out as a
Short Title
of 1978 Amendment note under section 1751 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1795
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73