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Code · CFR · Title 12 — Banks and Banking · Part 265 — Rules Regarding Delegation of Authority · § 265.2

§ 265.2. Delegation of functions generally.

77 words·~1 min read·/us/cfr/t12/s§ 265.2·

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(a)The Board has determined to delegate authority to exercise the functions described in this part.
(b)The Chair of the Board shall assign responsibility for performing such delegated functions.
(c)Where a delegatee must act with the concurrence of a Board employee, or in consultation with a Board employee, that Board employee may subdelegate his or her authority to concur or be consulted on the delegated action to an employee within the same division or office.
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§ 265.2
Delegation of functions generally.
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