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Table of Contents

Sections

Chapter 3 - Federal Reserve System

Subchapter I - Definitions, Organization, and General Provisions Affecting System


12 USC 226 - Sec. 226. 'Federal Reserve Act'

12 USC 227 - Sec. 227. 'Banking Act of 1933'

12 USC 228 - Sec. 228. 'Banking Act of 1935'

12 USC 221 - Sec. 221. Definitions

12 USC 221 - Sec. 221a. Additional definitions

12 USC 222 - Sec. 222. Federal reserve districts; membership of national banks

12 USC 223 - Sec. 223. Number of Federal reserve cities in district

12 USC 224 - Sec. 224. Status of reserve cities under former statutes

12 USC 225 - Sec. 225. Federal reserve banks; title

12 USC 225 - Sec. 225a. Maintenance of long run growth of monetary and credit aggregates

12 USC 225 - Sec. 225b. Appearances before and reports to the Congress

Subchapter II - Board of Governors of the Federal Reserve System


12 USC 248 - Sec. 248. Enumerated powers

12 USC 248 - Sec. 248-1. Rules and regulations for transfer of funds and charges therefor among banks; clearing houses

12 USC 248 - Sec. 248a. Pricing of services

12 USC 248 - Sec. 248b. Annual independent audits of Federal reserve banks and Board

12 USC 249 - Sec. 249. Repealed. Pub. L. 94-412, title V, Sec. 501(c), Sept. 14, 1976, 90 Stat. 1258

12 USC 250 - Sec. 250. Independence of financial regulatory agencies

12 USC 251 - Sec. 251. Repealed. Pub. L. 104-208, div. A, title II, Sec. 2224(a), Sept. 30, 1996, 110 Stat. 3009-415

12 USC 252 - Sec. 252. Credit availability assessment

12 USC 241 - Sec. 241. Creation; membership; compensation and expenses

12 USC 242 - Sec. 242. Ineligibility to hold office in member banks; qualifications and terms of office of members; chairman and vice chairman; oath of office

12 USC 243 - Sec. 243. Assessments upon Federal reserve banks to pay expenses

12 USC 244 - Sec. 244. Principal offices of Board; chairman of Board; obligations and expenses; qualifications of members; vacancies

12 USC 245 - Sec. 245. Vacancies during recess of Senate

12 USC 246 - Sec. 246. Powers of Secretary of the Treasury as affected by chapter

12 USC 247 - Sec. 247. Reports to Congress

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

Subchapter III - Federal Advisory Council


12 USC 261 - Sec. 261. Creation; membership; compensation; meetings; officers; procedure; quorum; vacancies

12 USC 262 - Sec. 262. Powers

Subchapter IV - Federal Open Market Committee


12 USC 263 - Sec. 263. Federal Open Market Committee; creation; membership; regulations governing open-market transactions