Title 12Banks and BankingRelease 119-73

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

Title 12 › Chapter CHAPTER 14— - FEDERAL CREDIT UNIONS › Subchapter SUBCHAPTER III— - CENTRAL LIQUIDITY FACILITY › § 1795b

Last updated Apr 6, 2026|Official source

Summary

Creates the Central Liquidity Facility in the NCUA as a federal entity run by the Board; U.S. district courts must hear suits.

Full Legal Text

Title 12, §1795b

Banks and Banking — Source: USLM XML via OLRC

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

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.

Amendments

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 AmendmentAmendment 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.

Effective Date

of 1978 AmendmentAmendment 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.

Effective Date

Section effective Oct. 1, 1979, see section 1806 of Pub. L. 95–630, set out as a note under section 1795 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 1795b

Title 12Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73