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12 U.S.C. § 5614

Exercise of Federal Reserve authority

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 5614, Exercise of Federal Reserve authority, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/439112
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Full text

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. 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.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.