Title 12, Banks and BankingRelease 119-110
§5614 Exercise of Federal Reserve Authority
Title 12 › CHAPTER 53 — WALL STREET REFORM AND CONSUMER PROTECTION › SUBCHAPTER VI — FEDERAL RESERVE SYSTEM PROVISIONS › § 5614
Summary
Only the Board of Governors may make the decisions it is allowed or required to make under subchapter I. Presidents of Federal Reserve banks do not have that decision-making power. The Board must not give away its voting decisions under subchapter I in any way that would break section 248(k).
Full Legal Text
Title 12, §5614
Banks and Banking, Source: USLM XML via OLRC
(1)No decisions by Federal reserve bank presidents
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.
(2)Voting decisions by Board
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 section 248(k) of this title.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
Subchapter I, referred to in text, was in the original “title I”, meaning title I of Pub. L. 111–203, July 21, 2010, 124 Stat. 1391, known as the Financial Stability Act of 2010, which is classified principally to subchapter I (§ 5311 et seq.) of this chapter. For complete classification of title I to the Code, see
Short Title
note set out under section 5301 of this title and Tables.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5614
Title 12, Banks and Banking
Last Updated
Sep 22, 2026
Release point: 119-110