§ 302. Number of members; classes
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Such board of directors shall be selected as hereinafter specified and shall consist of nine members, holding office for three years, and divided into three classes, designated as classes A, B, and C.
Class A shall consist of three members, without discrimination on the basis of race, creed, color, sex, or national origin, who shall be chosen by and be representative of the stockholding banks.
Class B shall consist of three members, who shall represent the public and shall be elected without discrimination on the basis of race, creed, color, sex, or national origin, and with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor, and consumers.
Class C shall consist of three members who shall be designated by the Board of Governors of the Federal Reserve System. They shall be elected to represent the public, without discrimination on the basis of race, creed, color, sex, or national origin, and with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor, and consumers.
(Dec. 23, 1913, ch. 6, § 4 (pars.), 38 Stat. 255; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704; Pub. L. 95–188, title II, § 202, Nov. 16, 1977, 91 Stat. 1387.)
Connections23 cite this · traces to 2
Cited by 23 sections · top 14
statute-compilations
bill
- Sec. 3End conflicts of interest
- Sec. 3Ending conflicts of interest
- Sec. 15Membership of Board of Directors of the Federal reserve banks
- Sec. 15Membership of Board of Directors of the Federal reserve banks
- Sec. 15Membership of Board of Directors of the Federal reserve banks
- Sec. 15Membership of Board of Directors of the Federal reserve banks
- Sec. 2Banker representation on Federal Reserve bank boards
- Sec. 4Federal Reserve transparency and independence
- Sec. 2Ending conflicts of interest
- Sec. 3Prohibition of Dual Appointment
10 references not yet in our index
- Dec. 23, 1913, ch. 6, § 4
- 38 Stat. 255
- Aug. 23, 1935, ch. 614
- 49 Stat. 704
- Pub. L. 95–188, title II, § 202
- 91 Stat. 1387
- section 202 of Pub. L. 95–188
- Pub. L. 95–188, § 202(a)
- Pub. L. 95–188, § 202(b)
- Pub. L. 95–188, § 202(c)
Citation graph
cites case law
§ 302
Number of members; classes
Bills×14
Stat. Comp.×4
Stat.×3
Fed. Reg.×1
U.S.C.×1
ActDec. 23, 1913, ch. 6, § 4
Stat.38 Stat. 255
ActAug. 23, 1935, ch. 614
Stat.49 Stat. 704
Pub. L.Pub. L. 95–188, title II, § 202
Cites 12 · showing 7Cited by 23 across 5 sources