Map
Live
US Code
Open search page
Congress.wiki Alpha
AboutHow Congress WorksSupport UsRoadmapPrivacy PolicyTerms of Service

This is not an official government website.

Copyright © 2026 PLEJ LC. All rights reserved.

US CodeTitle 12Chapter 3§ 247a

§ 247a

Records of action on policy relating to open-market operation and policies determined generally; inclusion in report to Congress

12 U.S.C. § 247a.
1 min read
Subchapter: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
The Board of Governors of the Federal Reserve System shall keep a complete record of the action taken by the Board and by the Federal Open Market Committee upon all questions of policy relating to open-market operations and shall record therein the votes taken in connection with the determination of open-market policies and the reasons underlying the action of the Board and the Committee in each instance. The Board shall keep a similar record with respect to all questions of policy determined by the Board, and shall include in its annual report to the Congress a full account of the action so taken during the preceding year with respect to open-market policies and operations and with respect to the policies determined by it and shall include in such report a copy of the records required to be kept under the provisions of this section.

Release: pl-119-59 (2025-12-18)

Previous

§ 247

Next

§ 247b