### Question
How does GENERAL define credit facility?


### Answer
Under *31 U.S.C. § 714*, **credit facility** is defined as:

> a program or facility, including any special purpose vehicle or other entity established by or on behalf of the Board of Governors of the Federal Reserve System or a Federal reserve bank, authorized by the Board of Governors under section 13(3) of the Federal Reserve Act (12 U.S.C. 343), that is not subject to audit under subsection (e)

#### Citation:
  - *31 U.S.C. § 714*
  - Heading: **SUBTITLE I-GENERAL > CHAPTER 7-GOVERNMENT ACCOUNTABILITY OFFICE > SUBCHAPTER II-GENERAL DUTIES AND POWERS**

