2013 US Code
Title 12 - Banks and Banking
Chapter 3 - FEDERAL RESERVE SYSTEM (§§ 221 - 522)
Subchapter I - DEFINITIONS, ORGANIZATION, AND GENERAL PROVISIONS AFFECTING SYSTEM (§§ 221 - 228)
Section 225a - Maintenance of long run growth of monetary and credit aggregates
|Publication Title||United States Code, 2012 Edition, Supplement 1, Title 12 - BANKS AND BANKING|
|Category||Bills and Statutes|
|Collection||United States Code|
|SuDoc Class Number||Y 1.2/5:|
|Contained Within||Title 12 - BANKS AND BANKING |
CHAPTER 3 - FEDERAL RESERVE SYSTEM
SUBCHAPTER I - DEFINITIONS, ORGANIZATION, AND GENERAL PROVISIONS AFFECTING SYSTEM
Sec. 225a - Maintenance of long run growth of monetary and credit aggregates
|Laws in Effect as of Date||January 16, 2014|
|Source Credit||Dec. 23, 1913, ch. 6, §2A, as added Pub. L. 95-188, title II, §202, Nov. 16, 1977, 91 Stat. 1387; amended Pub. L. 95-523, title I, §108(a), Oct. 27, 1978, 92 Stat. 1897; Pub. L. 100-418, title III, §3005(c), Aug. 23, 1988, 102 Stat. 1375; Pub. L. 106-569, title X, §1003(a), Dec. 27, 2000, 114 Stat. 3028.|
|Statutes at Large References||91 Stat. 1387 |
92 Stat. 1897, 1898
102 Stat. 1375
114 Stat. 3028
|Public Law References||Public Law 95-188, Public Law 95-523, Public Law 100-418, Public Law 106-569|
The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.
(Dec. 23, 1913, ch. 6, §2A, as added Pub. L. 95–188, title II, §202, Nov. 16, 1977, 91 Stat. 1387; amended Pub. L. 95–523, title I, §108(a), Oct. 27, 1978, 92 Stat. 1897; Pub. L. 100–418, title III, §3005(c), Aug. 23, 1988, 102 Stat. 1375; Pub. L. 106–569, title X, §1003(a), Dec. 27, 2000, 114 Stat. 3028.)CODIFICATION
Another section 202 of Pub. L. 95–188 amended section 302 of this title.AMENDMENTS
2000—Pub. L. 106–569 struck out provisions after first sentence relating to annual reports to Congress, transmittal of reports to Congressional Committees, consultations with Committees, report of Committee, changing conditions affecting achievement of objectives and plans, and explanation for deviations from objectives and plans.
1988—Pub. L. 100–418 inserted ", including an analysis of the impact of the exchange rate of the dollar on those trends" after "the Nation" in cl. (1).
1978—Pub. L. 95–523 substituted provisions relating to independent written reports of the Board of Governors to the Congress for provisions relating to the consultations of the Board of Governors with Congress at semi-annual hearings, substituted "the objectives and plans with respect to the ranges" for "such ranges", inserted "of the monetary and credit aggregates disclosed in the reports submitted under this section" after "growth or diminution", and inserted proviso respecting the inclusion of an explanation of reasons for revisions or deviations in subsequent consultations and reports.EFFECTIVE DATE OF 1978 AMENDMENT
Pub. L. 95–523, title I, §108(b), Oct. 27, 1978, 92 Stat. 1898, provided that: "The amendment made by subsection (a) [amending this section] takes effect on January 1, 1979."
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