2020 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter II - Board of Governors of the Federal Reserve System
Sec. 247a - Records of action on policy relating to open-market operation and policies determined generally; inclusion in report to Congress
| 12 U.S.C. § 247a (2020) |
| §247a. Records of action on policy relating to open-market operation and policies determined generally; inclusion in report to Congress |
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The Board of Governors of the Federal Reserve System shall keep a complete record of the action taken by the Board and by the Federal Open Market Committee upon all questions of policy relating to open-market operations and shall record therein the votes taken in connection with the determination of open-market policies and the reasons underlying the action of the Board and the Committee in each instance. The Board shall keep a similar record with respect to all questions of policy determined by the Board, and shall include in its annual report to the Congress a full account of the action so taken during the preceding year with respect to open-market policies and operations and with respect to the policies determined by it and shall include in such report a copy of the records required to be kept under the provisions of this section. |
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(Dec. 23, 1913, ch. 6, §10 (par.), as added Aug. 23, 1935, ch. 614, title II, §203(d), 49 Stat. 705.) |
| EDITORIAL NOTES
CODIFICATION
Section is comprised of tenth par. of section 10 of act Dec. 23, 1913, as added Aug. 23, 1935. For classification to this title of other pars. of section 10, see Codification note set out under section 241 of this title. |
| United States Code, 2018 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 3 - FEDERAL RESERVE SYSTEM SUBCHAPTER II - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Sec. 247a - Records of action on policy relating to open-market operation and policies determined generally; inclusion in report to Congress |
| section 247a |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 49 Stat. 705 |
