FEDERAL · 12 U.S.C. · Chapter 53
Exercise of Federal Reserve authority
Current through Pub. L. 119-102
(1)No decisions by Federal reserve bank presidents
No provision of subchapter I relating to the authority of the Board of Governors shall be construed as conferring any decision-making authority on presidents of Federal reserve banks.
(2)Voting decisions by Board
The Board of Governors shall not delegate the authority to make any voting decision that the Board of Governors is authorized or required to make under subchapter I of this chapter in contravention of section 248(k) of this title.
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12 U.S.C. § 5614 (Exercise of Federal Reserve authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 248
12 U.S.C. § 248
Source Credit
History
(Pub. L. 111–203, title XI, §1108(d), July 21, 2010, 124 Stat. 2127.)
Editorial Notes
Editorial Notes
References in Text
Subchapter I, referred to in text, was in the original "title I", meaning title I of Pub. L. 111–203, July 21, 2010, 124 Stat. 1391, known as the Financial Stability Act of 2010, which is classified principally to subchapter I (§5311 et seq.) of this chapter. For complete classification of title I to the Code, see Short Title note set out under section 5301 of this title and Tables.
References in Text
Subchapter I, referred to in text, was in the original "title I", meaning title I of Pub. L. 111–203, July 21, 2010, 124 Stat. 1391, known as the Financial Stability Act of 2010, which is classified principally to subchapter I (§5311 et seq.) of this chapter. For complete classification of title I to the Code, see Short Title note set out under section 5301 of this title and Tables.