§ 5614. Exercise of Federal Reserve authority

168 words·~1 min read·/usc/title-12/section-5614

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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 Board The 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.

(Pub. L. 111–203, title XI, § 1108(d), July 21, 2010, 124 Stat. 2127.)

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Public Law 111–203
To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes

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U.S. Code

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Pub. L. 111–203, title XI, § 1108(d)
124 Stat. 2127
Pub. L. 111–203
124 Stat. 1391

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§ 5614

Exercise of Federal Reserve authority

Stat.×1

U.S.C.§ 248

U.S.C.§ 5301

Pub. L.Pub. L. 111–203, title XI, § 1108(d)

Stat.124 Stat. 2127

Pub. L.Pub. L. 111–203

Stat.124 Stat. 1391

Cites 6Cited by 1 across 1 source