§ 246. — Powers of Secretary of the Treasury as affected by chapter.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC246]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER II--BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Sec. 246. Powers of Secretary of the Treasury as affected by
chapter
Nothing in this chapter contained shall be construed as taking away
any powers heretofore vested by law in the Secretary of the Treasury
which relate to the supervision, management, and control of the Treasury
Department and bureaus under such department, and wherever any power
vested by this chapter in the Board of Governors of the Federal Reserve
System or the Federal reserve agent appears to conflict with the powers
of the Secretary of the Treasury, such powers shall be exercised subject
to the supervision and control of the Secretary.
(Dec. 23, 1913, ch. 6, Sec. 10 (par.), 38 Stat. 261; June 3, 1922, ch.
205, 42 Stat. 621; Aug. 23, 1935, ch. 614, title II, Sec. 203(a), 49
Stat. 704.)
References in Text
This chapter, referred to in text, was in the original ``this Act'',
meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251, as amended, 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.
Codification
Section is comprised of sixth 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.
