2016 US Code
Title 12 - Banks and Banking
Chapter 53 - Wall Street Reform and Consumer Protection
Subchapter VI - Federal Reserve System Provisions
Sec. 5614 - Exercise of Federal Reserve authority
| 12 U.S.C. § 5614 (2016) |
| §5614. Exercise of Federal Reserve authority |
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(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 BoardThe 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. |
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(Pub. L. 111–203, title XI, §1108(d), July 21, 2010, 124 Stat. 2127.) |
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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. |
| United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 53 - WALL STREET REFORM AND CONSUMER PROTECTION SUBCHAPTER VI - FEDERAL RESERVE SYSTEM PROVISIONS Sec. 5614 - Exercise of Federal Reserve authority |
| section 5614 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 124 Stat. 2127, 1391 |
| Public Law 111-203 |
