Title 12 — Banks and BankingRelease 119-73
§245 Vacancies during recess of Senate
Title 12 › Chapter CHAPTER 3— - FEDERAL RESERVE SYSTEM › Subchapter SUBCHAPTER II— - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM › § 245
Full Legal Text
Title 12, §245
Banks and Banking — Source: USLM XML via OLRC
The President shall have power to fill all vacancies that may happen on the Board of Governors of the Federal Reserve System during the recess of the Senate by granting commissions which shall expire with the next session of the Senate.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section is comprised of fifth par. of section 10 of act Dec. 23, 1913. For classification to this title of other pars. of section 10, see Codification note set out under section 241 of this title.
Statutory Notes and Related Subsidiaries
Change of Name
section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.
Reference
Citations & Metadata
Citation
12 U.S.C. § 245
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73