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2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 1795b National Credit Union Administration Central Liquidity Facility; establishment; management; jurisdiction us united_states_code code_section 12 BANKS AND BANKING 14 FEDERAL CREDIT UNIONS 1795b 12 U.S.C. § 1795b current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s1795b data/legal/raw/us/code/title-12/usc12.xml ad4a56ca844a1cdf1d5cf8f88db12a934d3947971e7791533e88cd4ab9afbeef e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa ed16be0aa603b5611db00af29b435d42173d9141725f6eb4e0e909b1400ce48f 2026-07-04 official
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12 U.S.C. § 1795b - National Credit Union Administration Central Liquidity Facility; establishment; management; jurisdiction

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.

(June 26, 1934, ch. 750, title III, formerly subch. III, § 303, as added and amended Pub. L. 95630, title V, § 502(b), title XVIII, § 1802, Nov. 10, 1978, 92 Stat. 3681, 3720; Pub. L. 96221, title III, § 309(a)(4), (b)(1), Mar. 31, 1980, 94 Stat. 149; Pub. L. 98369, div. B, title VIII, § 2813(a)(1), July 18, 1984, 98 Stat. 1206.)

Notes

Editorial Notes

Codification Section 309(b)(1) of Pub. L. 96221 redesignated subch. III as title III of act June 26, 1934, ch. 750, cited as a credit to this section.

Amendments1984—Pub. L. 98369 inserted “, an instrumentality of the United States,”. 1980—Pub. L. 96221, § 309(a)(4), substituted “Board” for “Administrator” in two places, such change having been made previously by Pub. L. 95630. 1978—Pub. L. 95630, § 502(b), substituted “Board” for “Administrator” in two places.

Statutory Notes and Related Subsidiaries

Effective Date of 1984 AmendmentAmendment by Pub. L. 98369 effective Oct. 1, 1979, see section 2813(c) of Pub. L. 98369, 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. 95630, set out as a note under section 1752 of this title.

Effective DateSection effective Oct. 1, 1979, see section 1806 of Pub. L. 95630, set out as a note under section 1795 of this title.