12-U.S.C.-5614
§5614 – Exercise of Federal Reserve Authority
Pathway
Title 12 > Chapter 53 > Subchapter VI > Section 5614
Details
- Reference: Section 5614
- Legend: §5614 – Exercise of Federal Reserve Authority
- USCode Year: 2013
Provision Content
(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.)
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.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-5561 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-5561, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-5481 in the Legal Encyclopedia: Banking Reform
In this entry about 12-U.S.C.-5481, find legal reference material, bibliographies and premiere content related to banking reform in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking reform-specific issues, written by authorities in the field.
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