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Can you summarize 12 CFR Part 269?
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM > POLICY ON LABOR RELATIONS FOR THE FEDERAL RESERVE BANKS
Short Summary
The Policy on Labor Relations for the Federal Reserve Banks governs various aspects of labor relations within the Federal Reserve System. It defines the term ’labor organization’ and outlines the eligibility criteria for employees to join or refrain from joining a labor organization. Certain categories of employees are excluded from representation by a labor organization. The policy also governs the recognition of a labor organization as the exclusive bargaining representative for employees in a Federal Reserve Bank. It establishes the rights and obligations of the labor organization and the Bank in negotiating personnel policies and practices affecting working conditions. The policy further governs the determination of the appropriate bargaining unit for representation elections and the process of conducting such elections. It outlines the procedures for requesting recognition and the submission of relevant information by the labor organization. The policy also addresses unfair labor practices for both Banks and labor organizations. It specifies the requirements for agreements with labor organizations, including the approval process and the application of applicable laws and regulations. The inclusion of grievance procedures and arbitration provisions in labor agreements is also covered. In the event of an impasse in negotiations, the policy allows for the appointment of a mediator. The policy establishes the Federal Reserve System Labor Relations Panel, its composition, and responsibilities. Amendments to the policy require legal notice and cannot be applied retroactively.
Whom does it apply to?
Employees of Federal Reserve Banks, labor organizations representing employees in Federal Reserve Banks
What does it govern?
Policy on Labor Relations for the Federal Reserve Banks
What are exemptions?
Certain categories of employees are not eligible for representation by a labor organization, including officers, their administrative or confidential assistants, managers, supervisory personnel, secretaries, and employees engaged in Bank personnel work. Professional employees and guards of a Bank have separate provisions.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
U.S. Federal Government