§ 1795. — Congressional findings.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1795]
TITLE 12--BANKS AND BANKING
CHAPTER 14--FEDERAL CREDIT UNIONS
SUBCHAPTER III--CENTRAL LIQUIDITY FACILITY
Sec. 1795. Congressional findings
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.
(June 26, 1934, ch. 750, title III, formerly subch. III, Sec. 301, as
added Pub. L. 95-630, title XVIII, Sec. 1802, Nov. 10, 1978, 92 Stat.
3719; amended Pub. L. 96-221, title III, Sec. 309(b)(1), Mar. 31, 1980,
94 Stat. 149.)
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.
Effective Date
Section 1806 of title XVIII of Pub. L. 95-630 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.
