Statute

12 U.S.C. § 485

Examination of Federal reserve banks

US · USCActive

Statutory text

12 U.S.C. § 485

The Board of Governors of the Federal Reserve System shall, at least once each year, order an examination of each Federal reserve bank, and upon joint application of ten member banks the Board of Governors of the Federal Reserve System shall order a special examination and report of the condition of any Federal reserve bank.