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12 U.S.C. § 5614 — Exercise of Federal Reserve authority

submitted 16 years ago by Pub. L. 111-203 to r/title-12-BANKS-AND-BANKING · 81 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(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.

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

history & why it existsrecord from the source credit
  • 2010Enacted · Pub. L. 111-203 · 124 Stat. 2127

A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-203 on 2010-07-21.

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