{"identifier":"/us/usc/t12/s5614","title":12,"num":"\u00a7\u202f5614.","heading":"Exercise of Federal Reserve authority","text":"\u00a7\u202f5614.\nExercise of Federal Reserve authority\n(1)\nNo decisions by Federal reserve bank presidents\nNo provision of subchapter I relating to the authority of the Board of Governors shall be construed as conferring any decision-making authority on presidents of Federal reserve banks.\n(2)\nVoting decisions by Board\nThe Board of Governors shall not delegate the authority to make any voting decision that the Board of Governors is authorized or required to make under subchapter I of this chapter in contravention of\nsection 248(k) of this title","url":"https://projectusc.org/usc/t12/s5614.html","content":[{"t":"sec","id":"/us/usc/t12/s5614","children":[{"t":"num","text":"\u00a7\u202f5614."},{"t":"heading","text":"Exercise of Federal Reserve authority"},{"t":"para","id":"/us/usc/t12/s5614/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"No decisions by Federal reserve bank presidents"},{"t":"content","children":[{"t":"p","text":"No provision of subchapter I relating to the authority of the Board of Governors shall be construed as conferring any decision-making authority on presidents of Federal reserve banks.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s5614/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Voting decisions by Board"},{"t":"content","children":[{"t":"p","text":"The Board of Governors shall not delegate the authority to make any voting decision that the Board of Governors is authorized or required to make under subchapter I of this chapter in contravention of ","children":[{"t":"ref","text":"section 248(k) of this title","href":"/us/usc/t12/s248/k","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}