The President shall appoint a Governor and an Alternate Governor of the Bank—
(1)by and with the advice and consent of the Senate; or
(2)from among individuals serving as officials required by law to be appointed by and with the advice and consent of the Senate.
(b) Term; termination and reappointment
The term of office for the Governor and the Alternate Governor shall be five years, subject at any time to termination of appointment or to reappointment. The Governor and Alternate Governor shall remain in office until a successor has been appointed.
(c) Compensation and expenses
No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor or Alternate Governor, except for reasonable expenses to attend meetings of the Board of Governors.
The Governor, or in the Governor’s absence the Alternate Governor, on the instructions of the President, shall cast the votes of the United States for the Director to represent the United States in the Bank.
1990—Subsec. (a). Pub. L. 101–513substituted “Governor, an Alternate Governor, and a Director” for “Governor and an Alternate Governor”.
Delegation of Functions
Functions of President under subsec. (c) delegated to Secretary of the Treasury, see Ex. Ord. No. 12403, Feb. 8, 1983, 48 F.R. 6087.
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The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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