Page:United States Statutes at Large Volume 92 Part 3.djvu/1091

 PUBLIC LAW 95-630—NOV. 10, 1978

92 STAT. 3723

a DEPOSITORIES, CUSTODIANS, AND r i S C A I i AGENTS

"SEC. 308. The Federal Keserve Banks are authorized to act as 12 USC 1795g. depositories, custodians and/or fiscal agents for the Central Liquidity Facility in the general performance of its powers conferred by this subchapter. Each Federal Reserve Bank when designated by the Administrator as fiscal agent for the Central Liquidity Facility, shall be entitled to be reimbursed for all expenses incurred as such fiscal agent. " A U D I To r FINANCIAL TRANSACTIONS

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"SEC. 309. The Comptroller General of the United States shall audit Rules and the Central Liquidity Facility under such rules and regulations as regulations, the Comptroller may prescribe. 12 USC 1795h. a A N N U A L REPORT

"SEC. 310. The annual report required by section 102(e) shall include 12 USC 1795i. a full report of the activities of the Facility.". SEC. 1803. (a) Paragraph (6) of section 107 of the Federal Credit Union Act (12 U.S.C. 1757) is amended by inserting "from the Central Liquidity Facility," after "prescribed,". (b) Paragraph (7) of such section is amended by striking the word "and" preceding " (H) ", and adding at the end thereof the following: "and (J) in the capital stock of the National Credit Union Central Liquidity Facility;". (c) Paragraph (9) of such section is amended by inserting ", except as authorized by the Administrator in carrying out the provisions of subchapter III, " after "exceeding". SEC. 1804. Section 709 of title 18 of the United States Code is amended by striking the fourth paragraph and inserting in lieu thereof the following new paragraph: "Whoever, other than a bona fide organization or association of False advertising. Federal or State credit unions or except as permitted by the laws of the United States, uses as a firm or business name or transacts business using the words 'National Credit Union', 'National Credit Union Administration', 'National Credit Union Board', 'National Credit u - .,, Union Share Insurance Fund', 'Share Insurance', or 'Central Liquidity Facility', or the letters 'NCUA', 'NCUSIF', or 'CLF', or any other combination or variation of those words or letters alone or with other words or letters, or any device or symbol or other means, reasonably calculated to convey the false impression that such name or business has some connection with, or authorization from, the National Credit r- ;,. j: Union Administration, the Government of the United States, or any agency thereof, which does not in fact exist, or falsely advertises or otherwise represents by any device whatsoever that his or its business, product, or service has been in any Avay endorsed, authorized, or approved by the National Credit Union Administration, the Government of the United States, or any agency thereof, or falsely advertises or otherwise represents by any device whatsoever that his or its deposit liabilities, obligations, certificates, shares, or accounts are insured under the Federal Credit Union Act or by the United States or any instrumentality thereof, or being an insured credit union as defined in that Act falsely advertises or otherwise represents by any device whatsoever the extent to which or the manner in which share holdings in such credit union are insured under such Act; or".

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