Rules Regarding Delegation of Authority

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Federal Reserve System 12 CFR Part 265 [Docket No. R-1778] RIN No. 7100-AG 37 AGENCY: Board of Governors of the Federal Reserve System (Board). ACTION: Final rule. SUMMARY: The Board is adopting a final rule that revises its rules regarding delegation of authority. The final rule codifies and revises delegations of authority previously approved by the Board, makes technical changes, and rescinds moot or superseded delegations. DATES: Effective September 1, 2022. FOR FURTHER INFORMATION CONTACT: Alison Thro, Deputy Associate General Counsel, (202) 452-3236; Amory Goldberg, Senior Counsel, (202) 452-3124; Andrew Hartlage, Senior Counsel, (202) 452-6483; Derald Seid, Senior Counsel, (202) 452-2246; David Imhoff, Attorney, (202) 452-2249; or Jasmin Keskinen, Attorney, (202) 475-6650, Legal Division; Vaishali Sack, Deputy Associate Director, (202) 452-5221, or Dana Burnett, Assistant Director, (202) 973-7317, Division of Supervision and Regulation, Board of Governors of the Federal Reserve System, 20th Street and C Street NW, Washington, DC 20551. For users of TTY-TRS, please call 711 from any telephone, anywhere in the United States. SUPPLEMENTARY INFORMATION: I. Background Section 11(k) of the Federal Reserve Act authorizes the Board to delegate, by published order or rule and subject to the Administrative Procedure Act, any of its functions, other than those related to rulemaking or pertaining principally to monetary and credit policies, to one or more administrative law judges…