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2012 U.S. Code
Title 12 - Banks and Banking
Chapter 3 - FEDERAL RESERVE SYSTEM (§§ 221 - 522)
Subchapter II - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (§§ 241 - 252)
Section 245 - Vacancies during recess of Senate
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM - 12 U.S.C. § 245 (2012)
§245. Vacancies during recess of Senate
The President shall have power to fill all vacancies that may happen on the Board of Governors of the Federal Reserve System during the recess of the Senate by granting commissions which shall expire with the next session of the Senate.
(Dec. 23, 1913, ch. 6, §10 (par.), 38 Stat. 260; June 3, 1922, ch. 205, 42 Stat. 620; Aug. 23, 1935, ch. 614, title II, §203(a), 49, Stat. 704.)
CodificationSection is comprised of fifth par. of section 10 of act Dec. 23, 1913. For classification to this title of other pars. of section 10, see Codification note set out under section 241 of this title.
Change of NameSection 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.
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