12-U.S.C.-1756
§1756 – Reports and Examinations
Pathway
Title 12 > Chapter 14 > Subchapter I > Section 1756
Details
- Reference: Section 1756
- Legend: §1756 – Reports and Examinations
- USCode Year: 2013
Provision Content
Federal credit unions shall be under the supervision of the Board, and shall make financial reports to it as and when it may require, but at least annually. Each Federal credit union shall be subject to examination by, and for this purpose shall make its books and records accessible to, any person designated by the Board.
(June 26, 1934, ch. 750, title I, §106, formerly §6, 48 Stat. 1218; Dec. 6, 1937, ch. 3, §1, 51 Stat. 4; 1947 Reorg. Plan No. 1, §401, eff. July 1, 1947, 12 F.R. 4534, 61 Stat. 952; June 29, 1948, ch. 711, §§1, 2, 62 Stat. 1091; renumbered §7 and amended Pub. L. 86–354, §1, Sept. 22, 1959, 73 Stat. 629; Pub. L. 91–206, §2(1), Mar. 10, 1970, 84 Stat. 49; renumbered title I, §106, Pub. L. 91–468, §1(2), Oct. 19, 1970, 84 Stat. 994; amended Pub. L. 95–630, title V, §508, Nov. 10, 1978, 92 Stat. 3683.)
Amendments
1978—Pub. L. 95–630 substituted Board for Administrator in two places and reports to it as and when it for reports to him as and when he and struck out provisions relating to the payment of an examination fee by Federal credit unions and the deposit of such fee to the credit of the special fund created by section 1755 of this title.
1970—Pub. L. 91–206 substituted Administrator for Director in three places.
1959—Pub. L. 86–354 provided for the making of reports to the Director as and when he may require.
1937—Act Dec. 6, 1937, inserted giving due consideration to the time and expense incident to such examinations, and to the ability of Federal credit unions to pay such fees and struck out proviso relating to conditions relieving certain unions from payment of examination fee.
Effective Date of 1978 Amendment
Amendment by Pub. L. 95–630 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.
Transfer of Functions
Transfer of functions of Farm Credit Administration and Governor thereof, generally, see notes set out under section 1751 of this title.
Functions of Governor of Farm Credit Administration under this section transferred to Federal Deposit Insurance Corporation by Reorg. Plan No. 1 of 1947.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-1748H-3 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-1748H-3, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-1458 in the Legal Encyclopedia: Credit Institutions
In this entry about 12-U.S.C.-1458, find legal reference material, bibliographies and premiere content related to credit institutions in the American Encyclopedia of Law, presenting a comprehensive view of the United States credit institutions-specific issues, written by authorities in the field.
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