§1790e. Temporary Corporate Credit Union Stabilization Fund — Inbound Citations
12 U.S.C. § 1790e
Cited by 2 provisions in release 119-102.
Citations to 12 U.S.C. § 1790e as a whole
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(1) If, in the judgment of the Board, a loan to the insurance fund, or to the stabilization fund described in section 1790e of this title, is required at any time for purposes of this subchapter,1 the Secretary of the Treasury shall make the loan, but loans under this paragraph shall not exceed in the aggregate $6,000,000,000 outstanding at any one time. Except as otherwise provided in this subsection, section 1790e of this title, and in subsection (e) of this section, each loan under this paragraph shall be made on such terms as may be fixed by agreement between the Board and the Secretary of the Treasury.
Citations to §1790e(e)
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(A) The Board shall, subject to the requirements of section 1790e(e) of this title, effect a pro rata distribution to insured credit unions after each calendar year if, as of the end of that calendar year—(i) any loans to the Fund from the Federal Government, and any interest on those loans, have been repaid;(ii) the Fund’s equity ratio exceeds the normal operating level; and(iii) the Fund’s available assets ratio exceeds 1.0 percent.