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Federal law — U.S. Code and appendices · legal_authorities
The Board shall order an annual independent audit of the financial statements of each Federal reserve bank and the Board.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 248b
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Stable record: federal_law:legal_authorities:record_usc_d43500d3fb9a0beebb38f49d
Source file: Laws/federal/codes/united-states-code/title-12/section-248b-annual-independent-audits-of-federal-reserve-banks-and-board--50717a269a.md
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Passage SHA-256: 9e07a08f3a182165b7febd9493e28c8c81c37386c6cbe717396ab8e71f0a307f
Source location: Title 12, Chapter 3, § 248b; chapter-003-federal-reserve-system.md
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Appearances before the Congress** (1) **In general** — The Chairman of the Board shall appear before the Congress at semi-annual hearings, as specified in paragraph (2), regarding— (A) the efforts, activities, objectives and plans of the Board and the Federal Open Market Committee with respect to the conduct of monetary policy; and (B) economic developments and prospects for the future described in the report required in subsection (b). (2) **Schedule** — The Chairman of the Board shall appear— (A) before the Committee on Banking and Financial Services of the House of Representatives on or about February 20 of even numbered calendar years and on or about July 20 of odd numbered calendar years; (B) before the Committee on Banking, Housing, and Urban Affairs of the Senate on or about July 20 of even numbered calendar years and on or about February 20 of odd numbered calendar years; and (C) before either Committee referred to in subparagraph (A) or (B), upon request, following the scheduled appearance of the Chairman before the other Committee under subparagraph (A) or (B). **(b) Congressional report** The Board shall, concurrent with each semi-annual hearing required by this section, submit a written report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking and Financial Services of the House of Representatives, containing a discussion of the conduct of monetary policy and economic developments and prospects for the future, taking into account past and prospective developments in employment, unemployment, production, investment, real income, productivity, exchange rates, international trade and payments, and prices. **(c) Public access to information** The Board shall place on its home Internet websi
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 225b
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Federal law — U.S. Code and appendices · legal_authorities
Page 99 TITLE 12—BANKS AND BANKING § 248c EFFECTIVE DATE OF 1980 AMENDMENT Amendment by Pub. L. 96–221 effective on first day of sixth month which begins after Mar. 31, 1980, see sec- tion 108 of Pub. L. 96–221, set out as a note under sec- tion 248 of this title. § 248a. Pricing of services (a) Publication of pricing principles and pro- posed schedule of fees; effective date of schedule of fees Not later than the first day of the sixth month after March 31, 1980, the Board shall publish for public comment a set of pricing principles in ac- cordance with this section and a proposed sched- ule of fees based upon those principles for Fed- eral Reserve bank services to depository institu- tions, and not later than the first day of the eighteenth month after March 31, 1980, the Board shall begin to put into effect a schedule of fees for such services which is based on those principles. (b) Covered services The services which shall be covered by the schedule of fees under subsection (a) are— (1) currency and coin services; (2) check clearing and collection services; (3) wire transfer services; (4) automated clearinghouse services; (5) settlement services; (6) securities safekeeping services; (7) Federal Reserve float; and (8) any new services which the Federal Re- serve System offers, including but not limited to payment services to effectuate the elec- tronic transfer of funds. (c) Criteria applicable The schedule of fees prescribed pursuant to this section shall be based on the following prin- ciples: (1) All Federal Reserve bank services cov- ered by the fee schedule shall be priced explic- itly. (2) All Federal Reserve bank services cov- ered by the fee schedule shall be available to nonmember depository institutions and such services shall
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 248b
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