FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER I—GENERAL PROVISIONS

Reports and examinations

12 U.S.C. § 1756
Title12Banks and Banking
ChapterSUBCHAPTER I—GENERAL PROVISIONS

This text of 12 U.S.C. § 1756 (Reports and examinations) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
12 U.S.C. § 1756.

Text

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.

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Related

In Re Franklin Nat. Bank Securities Litigation
445 F. Supp. 723 (E.D. New York, 1978)
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523 F. Supp. 819 (N.D. Texas, 1981)
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Social Security Administration Baltimore Federal Credit Union v. United States
138 F. Supp. 639 (D. Maryland, 1956)
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91 F.R.D. 414 (N.D. Georgia, 1981)
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Corrigan v. United States
68 Fed. Cl. 589 (Federal Claims, 2005)
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United States v. State of Alabama
434 F. Supp. 64 (M.D. Alabama, 1977)
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Garrett v. Langley Federal Credit Union
121 F. Supp. 2d 887 (E.D. Virginia, 2000)
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Davis v. Redstone Federal Credit Union
401 So. 2d 49 (Court of Civil Appeals of Alabama, 1979)
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National Credit Union Administration Board v. Raphael
871 F. Supp. 1574 (E.D. New York, 1994)
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Gold v. Ernst & Ernst
445 F. Supp. 723 (E.D. New York, 1978)
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Source Credit

History

(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.)

Editorial Notes

Editorial Notes

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.

Statutory Notes and Related Subsidiaries

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.

Executive Documents

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.

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Bluebook (online)
12 U.S.C. § 1756, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/1756.