Public Law 119-88 (05/04/2026)
Subchapter II Board of Governors of the Federal Reserve System
Browse 0 units and 19 sections in Subchapter II Board of Governors of the Federal Reserve System of Title 12.
Sections in Subchapter II
§ 241
Creation; membership; compensation and expenses
§ 242
Ineligibility to hold office in member banks; qualifications and terms of office of members; chairman and vice chairman; oath of office
§ 243
Assessments upon Federal reserve banks to pay expenses
§ 244
Principal offices of Board; chairman of Board; obligations and expenses; qualifications of members; vacancies
§ 245
Vacancies during recess of Senate
§ 246
Powers of Secretary of the Treasury as affected by chapter
§ 247
Reports to Congress
§ 247a
Records of action on policy relating to open-market operation and policies determined generally; inclusion in report to Congress
§ 247b
Appearances before Congress
§ 248
Enumerated powers
§ 248–1
Rules and regulations for transfer of funds and charges therefor among banks; clearing houses
§ 248a
Pricing of services
§ 248b
Annual independent audits of Federal reserve banks and Board
§ 248c
Master account and services database
§ 249
Repealed. Pub. L. 94–412, title V, § 501(c), Sept. 14, 1976, 90 Stat. 1258
§ 250
Independence of financial regulatory agencies
§ 251
Repealed. Pub. L. 104–208, div. A, title II, § 2224(a), Sept. 30, 1996, 110 Stat. 3009–415
§ 252
Credit availability assessment
§ 253
Open data publication by the Board of Governors