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.
Dec. 23, 1913, ch. 6, § 1038 Stat. 260June 3, 1922, ch. 20542 Stat. 620Aug. 23, 1935, ch. 614( (par.), ; , ; , title II, § 203(a), 49, Stat. 704.)
Editorial Notes
Codification
section 241 of this titleSection is comprised of fifth par. of section 10 of act . For classification to this title of other pars. of section 10, see Codification note set out under .
Statutory Notes and Related Subsidiaries
Change of Name
Section 203(a) of act , changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.