The Federal Advisory Council shall have power, by itself or through its officers,
(1) to confer directly with the Board of Governors of the Federal Reserve System on general business conditions;
(2) to make oral or written representations concerning matters within the jurisdiction of said board;
(3) to call for information and to make recommendations in regard to discount rates, rediscount business, note issues, reserve conditions in the various districts, the purchase and sale of gold or securities by reserve banks, open-market operations by said banks, and the general affairs of the reserve banking system.
Section is comprised of second par. of section 12 of act Dec. 23, 1913. First par. of section
12 is classified to section
261 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.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Description of Change
Statutes at Large
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