Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section248&num=0&edition=prelim
Timestamp: 2020-07-12 11:17:50
Document Index: 336510692

Matched Legal Cases: ['§ 248', '§11', '§2', '§3', '§3', '§7', '§203', '§321', '§1', '§3', '§3', '§3', '§2', '§1', '§2', '§102', '§5', '§17', '§744', '§133', '§1603', '§322', '§602', '§735', '§364', '§301', '§318', '§1103', '§401', '§1', '§8', '§401', '§366', '§602', '§142', '§3', '§342', '§108', '§1603']

[USC02] 12 USC 248: Enumerated powers
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12 USC 248: Enumerated powers Text contains those laws in effect on July 11, 2020
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(2)(A) Any action that the Board is otherwise authorized to take under section 343(3) of this title may be taken upon the unanimous vote of all available members then in office, if-
(ii) the available members unanimously determine that-
In order to ensure the disclosure in a timely manner consistent with the purposes of this chapter of information concerning the borrowers and counterparties participating in emergency credit facilities, discount window lending programs, and open market operations authorized or conducted by the Board or a Federal reserve bank, the Board of Governors shall disclose, as provided in paragraph (2)-
The term "covered transaction" means-
The Inspector General of the Board of Governors of the Federal Reserve System shall-
The companies described in this paragraph are-
(Dec. 23, 1913, ch. 6, §11, 38 Stat. 261 ; Sept. 7, 1916, ch. 461, 39 Stat. 752 ; Sept. 26, 1918, ch. 177, §2, 40 Stat. 968 ; Mar. 3, 1919, ch. 101, §3, 40 Stat. 1315 ; Feb. 27, 1921, ch. 75, 41 Stat. 1146 ; June 26, 1930, ch. 612, 46 Stat. 814 ; Mar. 9, 1933, ch. 1, title I, §3, 48 Stat. 2 ; June 16, 1933, ch. 89, §7, 48 Stat. 167 ; Aug. 23, 1935, ch. 614, title II, §203(a), title III, §§321(a), 342, 49 Stat. 704 , 713, 722; June 12, 1945, ch. 186, §1(c), 59 Stat. 237 ; Pub. L. 86–114, §3(b)(6), July 28, 1959, 73 Stat. 264 ; Pub. L. 86–251, §3(c), Sept. 9, 1959, 73 Stat. 488 ; Pub. L. 87–722, §3, Sept. 28, 1962, 76 Stat. 670 ; Pub. L. 89–427, §2, May 20, 1966, 80 Stat. 161 ; Pub. L. 89–765, Nov. 5, 1966, 80 Stat. 1314 ; Pub. L. 90–269, §1, Mar. 18, 1968, 82 Stat. 50 ; Pub. L. 95–251, §2(a)(3), Mar. 27, 1978, 92 Stat. 183 ; Pub. L. 96–221, title I, §102, Mar. 31, 1980, 94 Stat. 132 ; Pub. L. 97–258, §5(b), Sept. 13, 1982, 96 Stat. 1068 ; Pub. L. 97–457, §17(b), Jan. 12, 1983, 96 Stat. 2509 ; Pub. L. 101–73, title VII, §744(i)(1), Aug. 9, 1989, 103 Stat. 439 ; Pub. L. 102–242, title I, §§133(f), 142(c), Dec. 19, 1991, 105 Stat. 2273 , 2281; Pub. L. 102–550, title XVI, §1603(d)(9), Oct. 28, 1992, 106 Stat. 4080 ; Pub. L. 103–325, title III, §§322(d), 331(d), title VI, §602(g)(2), Sept. 23, 1994, 108 Stat. 2227 , 2232, 2293; Pub. L. 106–102, title VII, §735, Nov. 12, 1999, 113 Stat. 1479 ; Pub. L. 107–56, title III, §364, Oct. 26, 2001, 115 Stat. 333 ; Pub. L. 107–297, title III, §301, Nov. 26, 2002, 116 Stat. 2340 ; Pub. L. 111–203, title III, §§318(c), 366(1), title XI, §§1103(b), 1108(c), July 21, 2010, 124 Stat. 1527 , 1556, 2118, 2126; Pub. L. 115–174, title IV, §401(c)(2), May 24, 2018, 132 Stat. 1358 .)
This chapter, referred to in subsecs. (c), (h), (i), (n), and (r)(1) and in par. (1) of the first subsec. (s) (relating to Federal Reserve transparency and release of information), was in the original "this Act", meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251 , known as the Federal Reserve Act. For complete classification of this Act to the Code, see References in Text note set out under section 226 of this title and Tables.
The Act of January sixteenth, eighteen hundred and eighty-three, referred to in subsec. (l), is act Jan. 16, 1883, ch. 27, 22 Stat. 403 , as amended, which enacted section 42 of former Title 40, Public Buildings, Property, and Works, and sections 632, 633, 635, 637, 638, and 640 to 642a of former Title 5, Executive Departments and Government Officers and Employees. For complete classification of this Act to the Code, see Tables. Section 42 of former Title 40 was repealed and reenacted as section 8165 of Title 40, Public Buildings, Property, and Works, by Pub. L. 107–217, §§1, 6(b), Aug. 21, 2002, 116 Stat. 1062 , 1304. The sections that were classified to former Title 5 were repealed by Pub. L. 89–554, §8(a), Sept. 6, 1966, 80 Stat. 632 , the first section of which enacted Title 5, Government Organization and Employees. For distribution of former sections of Title 5 into the revised Title 5, see table at the beginning of Title 5.
This title, referred to in subsec. (p), probably should read "this Act", meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251 , as amended, known as the Federal Reserve Act, which does not contain titles. For complete classification of this Act to the Code, see References in Text note set out under section 226 of this title and Tables.
Subsection (a) or (c) of section 1109 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, referred to in par. (7) of the first subsec. (s) (relating to Federal Reserve transparency and release of information), is subsec. (a) or (c) of section 1109 of Pub. L. 111–203, title XI, 124 Stat. 2127 , 2128, which is not classified to the Code.
The Economic Growth, Regulatory Relief, and Consumer Protection Act, referred to in par. (3) of the second subsec. (s) (relating to assessments, fees, and other charges for certain companies), is Pub. L. 115–174, May 24, 2018, 132 Stat. 1296 . For complete classification of this Act to the Code, see Short Title of 2018 Amendment note set out under section 1601 of Title 15, Commerce and Trade, and Tables.
In subsec. (k), "subchapter II of chapter 5, and chapter 7, of title 5" was substituted for "the Administrative Procedure Act" on authority of section 7(b) of Pub. L. 89–554, Sept. 6, 1966, 80 Stat. 631 , the first section of which enacted Title 5, Government Organization and Employees.
2018-Subsec. (s)(2). Pub. L. 115–174, §401(c)(2)(A), substituted "$100,000,000,000" for "$50,000,000,000" in subpars. (A) and (B).
2010-Subsec. (a)(2). Pub. L. 111–203, §366(1)(A), which directed insertion of "State savings associations that are insured depository institutions (as defined in section 1813 of this title)," after "case of insured", was executed by making the insertion after "case of insured" in subpar. (B)(i), to reflect the probable intent of Congress.
2002-Subsec. (r). Pub. L. 107–297 added subsec. (r).
2001-Subsec. (q). Pub. L. 107–56 added subsec. (q).
1999-Subsec. (m). Pub. L. 106–102 substituted "[Repealed]" for text of subsec. (m) which related to percentage of capital and surplus represented by loans to be determined by the Federal Reserve Board.
1994-Subsec. (d). Pub. L. 103–325, §602(g)(2), substituted "Secretary of the Treasury" for "bureau under the charge of the Comptroller of the Currency" before "the issue and retirement" and for "Comptroller" before "to the Federal Reserve agents".
1992-Subsecs. (o), (p). Pub. L. 102–550 redesignated subsec. (p) as (o).
1991-Subsec. (n). Pub. L. 102–242, §142(c), which directed addition of subsec. (n) at end of section, was executed by adding subsec. (n) after subsec. (m). See Construction of 1991 Amendment note below.
1989-Subsec. (a)(2)(iii). Pub. L. 101–73 substituted "the Director of the Office of Thrift Supervision in the case of any savings association which is an insured depository institution (as defined in section 1813 of this title)" for "Federal Home Loan Bank Board in the case of any institution insured by the Federal Savings and Loan Insurance Corporation".
1983-Subsec. (m). Pub. L. 97–457 substituted "under section 84(c)(4) of this title" for "under paragraph (8) of section 84 of this title" after "in the case of national banks".
1982-Subsec. (n). Pub. L. 97–258 struck out subsec. (n) which provided that, whenever in the judgment of the Secretary of the Treasury such action was necessary to protect the currency system of the United States, the Secretary of the Treasury, in his discretion, could require any or all individuals, partnerships, associations, and corporations to pay and deliver to the Treasurer of the United States any or all gold coin, gold bullion, and gold certificates owned by such individuals, partnerships, associations, and corporations and that, upon receipt of such gold coin, gold bullion or gold certificates, the Secretary of the Treasury would pay therefor an equivalent amount of any other form of coin or currency coined or issued under the laws of the United States.
1980-Subsec. (a). Pub. L. 96–221 designated existing provisions as par. (1) and added par. (2).
1978-Subsec. (k). Pub. L. 95–251 substituted "administrative law judges" for "hearing examiners".
1968-Subsec. (c). Pub. L. 90–269 struck out requirements for establishment by the Board of Governors of the Federal Reserve System of a graduated tax on the deficiency in the gold reserve whenever the reserve held against Federal Reserve notes fell below 25 percent and for an automatic increase in the rates of interest or discount fixed by the Board in an amount equal to the graduated tax imposed.
1966-Subsec. (d). Pub. L. 89–427 excepted the cancellation and destruction, and the accounting with respect to the cancellation and destruction, of notes unfit for circulation from the area of responsibility exercised by the Board of Governors of the Federal Reserve System through the Bureau of the Comptroller of the Currency over the issue and retirement of Federal Reserve notes.
Subsec. (k). Pub. L. 89–765 added subsec. (k). A former subsec. (k) was repealed by Pub. L. 87–722, §3, Sept. 28, 1962, 76 Stat. 670 .
1962-Subsec. (k). Pub. L. 87–722 repealed subsec. (k) which related to the authority of the Board of Governors of the Federal Reserve System to permit national banks to act as trustees, etc., and is now covered by section 92a of this title.
1959-Subsec. (e). Pub. L. 86–114 substituted "reserve cities" for "reserve and central reserve cities" in two places.
1945-Subsec. (c). Act June 12, 1945, substituted "25 per centum" for "40 per centum", and "20 per centum" for "32½ per centum" wherever appearing.
1935-Subsec. (k). Act Aug. 23, 1935, §342, amended last sentence of third par.
1933-Subsec. (m). Act June 16, 1933, amended provisions generally.
1930-Subsec. (k). Act June 26, 1930, added last par.
Pub. L. 96–221, title I, §108, Mar. 31, 1980, 94 Stat. 141 , provided that: "This title [enacting section 248a of this title, amending this section and sections 342, 347b, 355, 360, 412, 461, 463, 505, and 1425a of this title, and enacting provisions set out as notes under sections 226 and 355 of this title] shall take effect on the first day of the sixth month which begins after the date of the enactment of this title [Mar. 31, 1980], except that the amendments regarding sections 19(b)(7) and 19(b)(8)(D) of the Federal Reserve Act [section 461(b)(7) and (b)(8)(D) of this title] shall take effect on the date of enactment of this title."
Pub. L. 102–550, title XVI, §1603(e)(2), Oct. 28, 1992, 106 Stat. 4081 , provided that: "The amendment made by section 142(c) of the Federal Deposit Insurance Corporation Improvement Act of 1991 [Pub. L. 102–242] (adding a paragraph at the end of section 11 of the Federal Reserve Act [this section]) shall be considered to have been executed before the amendment made by section 133(f) of the Federal Deposit Insurance Corporation Improvement Act of 1991 [amending this section]."