← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Rules of Organization

Fed · other · Published 2017-11-22 · Effective 2017-10-25 · 82 FR 55496

Document

Document number
2017-25122
Federal Register citation
82 FR 55496
CFR reference
12 CFR 265
Type
Rule
Action
Amendment to Rules of Organization.
Category
other
Agency
US Federal Reserve System
Publication date
2017-11-22
Effective date
2017-10-25
Docket
Docket No. OP-1578

Abstract

The Board has amended its definition of a quorum of the Board in the Board's Rules of Organization. The amendment is designed to facilitate the Board's ability to continue to function efficiently during periods of substantial vacancies on the Board. The amendment does not alter the number of Board members required to constitute a quorum in normal operating environments. The amendment also addresses Board member recusals and disqualifications. In addition, the Board has provided a modified definition of a quorum during exigent circumstances. In connection with this modification, the Board is amending its Rules Regarding Delegation of Authority, published elsewhere in this Federal Register, to authorize the Chair (or Vice Chair, if the Chair is unavailable) to determine when an emergency situation exists.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown