# 12 CFR § 265.1: Authority, purpose, and scope

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-265.1

## Section

- **Citation:** 12 CFR § 265.1
- **Heading:** Authority, purpose, and scope
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER II—FEDERAL RESERVE SYSTEM > SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM > PART 265—RULES REGARDING DELEGATION OF AUTHORITY > Subpart A—General Provisions

## Text

(a) Pursuant to section 11(k) of the Federal Reserve Act (12 U.S.C. 248(k)), the Board of Governors of the Federal Reserve System (the Board) may delegate, by published order or rule, any of its functions other than those relating to rulemaking or pertaining principally to monetary and credit policies to Board members and employees, Reserve Banks, or administrative law judges. Pursuant to section 11(i) of the Federal Reserve Act (12 U.S.C. 248(i)), the Board may make all rules and regulations necessary to enable it to effectively perform the duties, functions, or services specified in that Act. Other provisions of Federal law also may authorize specific delegations by the Board.
(b) This part details the functions that the Board has delegated. Subpart A contains general provisions pertaining to delegations of authority, including review of action taken pursuant to delegated authority. Subpart B contains the specific functions delegated to Board members, Board employees and the Federal Reserve Banks. Except as otherwise indicated in this part, the Board will review a delegated action only if a Board member, at his or her own initiative, requests a review.

## Nearby sections

- [12 CFR § 265.1 § 265.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.1.md)
- [12 CFR § 265.2 § 265.2 Delegation of functions generally.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.2.md)
- [12 CFR § 265.3 § 265.3 Board review of delegated actions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.3.md)
- [12 CFR § 265.4 § 265.4 Functions delegated to Board members or staff within the Division of Board Members.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.4.md)
- [12 CFR § 265.5 § 265.5 Functions delegated to the Secretary of the Board.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.5.md)
- [12 CFR § 265.6 § 265.6 Functions delegated to the General Counsel.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.6.md)
- [12 CFR § 265.7 § 265.7 Functions delegated to the Director of the Division of Supervision and Regulation.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.7.md)
- [12 CFR § 265.8 § 265.8 Functions delegated to the Director of the Division of Consumer and Community Affairs.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.8.md)
- [12 CFR § 265.9 § 265.9 Functions delegated to the Director of the Division of International Finance.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.9.md)
- [12 CFR § 265.10 § 265.10 Functions delegated to the Director of the Division of Monetary Affairs.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.10.md)
- [12 CFR § 265.11 § 265.11 Functions delegated to the Director of the Division of Reserve Bank Operations and Payment Systems.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.11.md)
- [12 CFR § 265.12 § 265.12 Functions delegated to the Secretary of the Federal Open Market Committee.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.12.md)
- [12 CFR § 265.13 § 265.13 Functions delegated to the Director of the Division of Financial Stability.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.13.md)
- [12 CFR § 265.20 § 265.20 Functions delegated to Federal Reserve Banks.](https://www.frixlaw.com/law-library/statutes/ecfr-12-265.20.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-265.1. Check the current official text before relying on it. Not legal advice.