Title 12 — Banks and BankingRelease 119-73not60
§3041 Establishment; Appointment, Etc., of Director
Title 12 › Chapter 31— NATIONAL CONSUMER COOPERATIVE BANK › Subchapter II— OFFICE OF SELF-HELP DEVELOPMENT AND TECHNICAL ASSISTANCE › § 3041
Summary
Creates the Office of Self‑Help Development and Technical Assistance in the Bank. The President appoints a Director, Senate‑approved, who may not be a Board member and must publish the Office’s policies after Board review.
Full Legal Text
Title 12, §3041
Banks and Banking — Source: USLM XML via OLRC
(a)There is hereby established within the Bank an Office of Self-Help Development and Technical Assistance (hereinafter the “Office”).
(b)The Office shall have a Director who shall be appointed by the President, with the advice and consent of the Senate, and who shall not be a member of the Board. Subject to review by the Board, the Director shall promulgate and publish in the Federal Register policies and procedures governing the operation of the Office.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Abolition of Office and Performance of Functions For abolition of the Office of Self-Help Development and Technical Assistance and performance of the functions by a nonprofit corporation upon the incorporation of the nonprofit corporation, see section 3051 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 3041
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60