Regulations last checked for updates: Oct 18, 2024

Title 12 - Banks and Banking last revised: Oct 15, 2024
All TitlesTitle 12Chapter VIIPart 702Subpart A - Subpart A—Prompt Corrective Action
View all text of Subpart A [§ 702.101 - § 702.114]
§ 702.112 - Reserves.

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.

authority: 12 U.S.C. 1757(9), 1766(a), 1784(a), 1786(e), 1790d
source: 65 FR 8584, Feb. 18, 2000, unless otherwise noted.
cite as: 12 CFR 702.112
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