Existing law 174. ROBBERY OF A FEDERAL CREDIT UNION (Title 18, sec. 2113, USC).-"(g) As used in this section the term 'savings and loan association' means any Federal Savings and Loan Association and any 'insured institution' as defined in section 401 of the National Housing Act, as amended." Recommendation False entries, forgery and embezzlement involving Federal credit unions are now Federal offenses. Therefore, it is logical that the crimes covered by section 2113 involving Federal credit unions be specifically provided for. Reasons This amendment would be to the advantage of the Bureau of Federal Credit Unions and Federal credit unions as a deterrent to such crimes and would also permit the Federal Bureau of Investigation to assume jurisdiction which is now lacking. Recommendation 175. CHANGE REFERENCES IN ACT Change references in the act to the Federal Deposit Insurance Corporation and the Farm Credit Administration to the Bureau of Federal Credit Unions and substitute the Director of that Bureau for the Governor of the Farm Credit Administration. References to the Federal Security Agency and the Federal Security Administrator should also be changed to the Department of Health, Education, and Welfare and the Secretary, respectively. Reasons These changes would reflect the transfers of functions effected by reorganization plans and statutes passed since the Federal Credit Union Act was originally enacted. |