12 U.S.C. § 3307 — Administration
submitted 48 years ago by Pub. L. 95-630 to r/title-12-BANKS-AND-BANKING · 217 words · no verdicts yet
The Council’s Chairman controls and may delegate the Council’s internal administration. The Council may use personnel and facilities from specified financial regulators and banks, and may appoint employees and obtain experts.
(a) Authority of Chairman. The Chairman may carry out and delegate the Council’s internal administration, including appointing and supervising employees and distributing work among members, employees, and administrative units.
(b) Use of personnel, services, and facilities. In addition to its other authority, the Council* may, with consent and when practical, use the personnel, services, and facilities of Federal financial-institution regulatory agencies, Federal Reserve banks, and Federal Home Loan Banks. It may do so with or without reimbursement.
(c) Compensation, authority, and duties. The Council may (1), subject to title 5 rules on competitive service, classification, and General Schedule pay, appoint and set compensation for officers and employees needed to carry out this chapter and set their authority and duties; and (2) obtain needed expert and consultant services.
The Chairman of the Council is authorized to carry out and to delegate the authority to carry out the internal administration of the Council, including the appointment and supervision of employees and the distribution of business among members, employees, and administrative units.
in 1 addition to any other authority conferred upon it by this chapter, in carrying out its functions under this chapter, the Council may utilize, with their consent and to the extent practical, the personnel, services, and facilities of the Federal financial institutions regulatory agencies, Federal Reserve banks, and Federal Home Loan Banks, with or without reimbursement therefor.
In addition, the Council may—
subject to the provisions of title 5 relating to the competitive service, classification, and General Schedule pay rates, appoint and fix the compensation of such officers and employees as are necessary to carry out the provisions of this chapter, and to prescribe the authority and duties of such officers and employees; and
obtain the services of such experts and consultants as are necessary to carry out the provisions of this chapter.
Source credit: (Pub. L. 95–630, title X, § 1008, Nov. 10, 1978, 92 Stat. 3696.)
- 1978Enacted · Pub. L. 95-630 · 92 Stat. 3696
A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-630 on 1978-11-10.
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