U.S. Code, Title 12, Banks and Banking

Contents:
Author: "U.S. Congress, Office of the Law Revision Counsel"

Show Summary

§ 247a. Records of Action on Policy Relating to Open-Market Operation and Policies Determined Generally; Inclusion in Report to Congress

     The Board of Governors of the Federal Reserve System shall keep a complete record of the action taken by the Board and by the Federal Open Market Committee upon all questions of policy relating to open-market operations and shall record therein the votes taken in connection with the determination of open-market policies and the reasons underlying the action of the Board and the Committee in each instance. The Board shall keep a similar record with respect to all questions of policy determined by the Board, and shall include in its annual report to the Congress a full account of the action so taken during the preceding year with respect to open-market policies and operations and with respect to the policies determined by it and shall include in such report a copy of the records required to be kept under the provisions of this section.

(Dec. 23, 1913, ch. 6, § 10 (par.), as added Aug. 23, 1935, ch. 614, title II, § 203(d), 49 Stat. 705.)

Codification

     Section is comprised of tenth par. of section 10 of act Dec. 23, 1913, as added Aug. 23, 1935. For classification to this title of other pars. of section 10, see Codification note set out under section 241 of this title.

Section Referred to in Other Sections

     This section is referred to in section 247 of this title.

Contents:

Related Resources

None available for this document.

Download Options


Title: U.S. Code, Title 12, Banks and Banking

Select an option:

*Note: A download may not start for up to 60 seconds.

Email Options


Title: U.S. Code, Title 12, Banks and Banking

Select an option:

Email addres:

*Note: It may take up to 60 seconds for for the email to be generated.

Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 247a. Records of Action on Policy Relating to Open-Market Operation and Policies Determined Generally; Inclusion in Report to Congress," U.S. Code, Title 12, Banks and Banking in U.S. Code, Title 12, Banks and Banking (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed July 17, 2024, http://www.originalsources.com/Document.aspx?DocID=CP6C5PKYWYUYUPF.

MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 247a. Records of Action on Policy Relating to Open-Market Operation and Policies Determined Generally; Inclusion in Report to Congress." U.S. Code, Title 12, Banks and Banking, in U.S. Code, Title 12, Banks and Banking, Washington, D.C., Government Printing Office, 2002, Original Sources. 17 Jul. 2024. http://www.originalsources.com/Document.aspx?DocID=CP6C5PKYWYUYUPF.

Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 247a. Records of Action on Policy Relating to Open-Market Operation and Policies Determined Generally; Inclusion in Report to Congress' in U.S. Code, Title 12, Banks and Banking. cited in 2002, U.S. Code, Title 12, Banks and Banking, Government Printing Office, Washington, D.C.. Original Sources, retrieved 17 July 2024, from http://www.originalsources.com/Document.aspx?DocID=CP6C5PKYWYUYUPF.