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Can you summarize 12 CFR Part 265?
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM > RULES REGARDING DELEGATION OF AUTHORITY
Short Summary
This document, part of the Code of Federal Regulations, governs the delegation of authority within the Board of Governors of the Federal Reserve System. It allows the Board to delegate its functions, excluding rulemaking and monetary/credit policies, to Board members, employees, Reserve Banks, or administrative law judges. The Board will review a delegated action only if a Board member requests a review. The functions delegated to Board members, Board employees, and the Federal Reserve Banks are detailed in Subpart B. Other provisions of Federal law may authorize specific delegations by the Board. The document does not mention any exemptions or penalties.
Whom does it apply to?
Board members, employees, Reserve Banks, administrative law judges
What does it govern?
Delegation of authority within the Board of Governors of the Federal Reserve System
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
U.S. Federal Government