12 CFR 702.112

§ 702.112 Reserves.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 702.112, § 702.112 Reserves, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48384
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Full text

Each credit union shall establish and maintain such reserves as may be required by the FCUA, by state law, by regulation, or in special cases by the NCUA Board or appropriate state official.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.