12 USC 5614 - Exercise of Federal Reserve Authority

(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.

(Pub. L. 111–203, title XI, §1108(d), July 21, 2010, 124 Stat. 2127.)

Sections:  Previous  5587  5601  5602  5603  5611  5612  5613  5614  5621  5622  5623  5624  5625  5626  5627  Next

Last modified: October 26, 2015