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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 5614 Exercise of Federal Reserve authority us united_states_code code_section 12 BANKS AND BANKING 53 WALL STREET REFORM AND CONSUMER PROTECTION 5614 12 U.S.C. § 5614 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s5614 data/legal/raw/us/code/title-12/usc12.xml ad0ce0a8e87c23e9ca3fd9efd4203bfbf3b7cedc3567c087d8285fe0d79ab724 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa b96409453ac0944e22967c691d0db45d3fb79a8475bbf1e7306567f94f94c2f9 2026-07-04 official
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12 U.S.C. § 5614 - Exercise of Federal Reserve authority

Text

(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. 111203, title XI, § 1108(d), July 21, 2010, 124 Stat. 2127.)

Notes

Editorial Notes

References in TextSubchapter I, referred to in text, was in the original “title I”, meaning title I of Pub. L. 111203, July 21, 2010, 124 Stat. 1391, known as the Financial Stability Act of 2010, which is classified principally to subchapter I (§ 5311 et seq.) of this chapter. For complete classification of title I to the Code, see Short Title note set out under section 5301 of this title and Tables.