§ 247a. Records of action on policy relating to open-market operation and policies determined generally; inclusion in report to Congress

210 words·~1 min read·/usc/title-12/section-247a

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.

(Dec. 23, 1913, ch. 6, § 10 (par.), as added Aug. 23, 1935, ch. 614, title II, § 203(d), 49 Stat. 705.)

Connections6 cite this · traces to 1

Cited by 6 sections · top 5

U.S. Code

statutes-at-large

Public Law 106–569
To expand homeownership in the United States, and for other purposes

statute-compilations

Traces to 1 document

U.S. Code

Creation; membership; compensation and expenses
§ 241

3 references not yet in our index

Dec. 23, 1913, ch. 6, § 10
Aug. 23, 1935, ch. 614
49 Stat. 705

Citation graph

cites case law

§ 247a

Records of action on policy relating to open-market operation and policies determined generally; inclusion in report to Congress

U.S.C.×3

Stat. Comp.×2

Stat.×1

U.S.C.§ 241

ActDec. 23, 1913, ch. 6, § 10

ActAug. 23, 1935, ch. 614

Stat.49 Stat. 705

Cites 4Cited by 6 across 3 sources