§ 265.2 Delegation of functions generally.
FederalRegulations
Ask Donna
How this section applies to your facts.
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) The Board has determined to delegate authority to exercise the functions described in this part.
(b) The Chair of the Board shall assign responsibility for performing such delegated functions.
(c) Where a delegatee must act with the concurrence of a Board employee, or in consultation with a Board employee, that Board employee may subdelegate his or her authority to concur or be consulted on the delegated action to an employee within the same division or office.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.