§ 245. — Vacancies during recess of Senate.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC245]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER II--BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Sec. 245. Vacancies during recess of Senate
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, Sec. 10 (par.), 38 Stat. 260; June 3, 1922, ch.
205, 42 Stat. 620; Aug. 23, 1935, ch. 614, title II, Sec. 203(a), 49,
Stat. 704.)
Codification
Section is comprised of fifth par. of section 10 of act Dec. 23,
1913. For classification to this title of other pars. of section 10, see
Codification note set out under section 241 of this title.
Change of Name
Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve
Board to Board of Governors of the Federal Reserve System.
