The term "Administrative Governor" refers to a member of the Board of Governors of the Federal Reserve System who holds the title of Administrative Governor. This individual may designate others to act on their behalf when they are unavailable. The role is defined under federal regulations, specifically in Title 12 of the Code of Federal Regulations.
The Administrative Governor plays a crucial role in the governance of the Federal Reserve System. This position is significant in various legal contexts, particularly in banking and finance. Users may encounter this term when dealing with regulatory compliance, financial reporting, or governance issues within the Federal Reserve. Legal templates provided by US Legal Forms can assist users in understanding their obligations related to this role.
Here are a couple of examples of abatement:
For instance, if the Administrative Governor is attending an international conference, they may appoint another Board member to fulfill their duties temporarily. This ensures that the responsibilities of the Federal Reserve continue without interruption. (Hypothetical example.)
The primary statute governing the role of the Administrative Governor is found in 12 CFR 264b.2. This regulation outlines the responsibilities and authority of the Administrative Governor within the Federal Reserve System.
| Term | Definition |
|---|---|
| Federal Reserve Board Member | A member of the Board of Governors who may have different responsibilities than the Administrative Governor. |
| Chairperson of the Federal Reserve | The head of the Federal Reserve Board, who oversees the entire Board, including the Administrative Governor. |
If you find yourself needing to understand the role of the Administrative Governor, consider reviewing relevant federal regulations or consulting legal resources. US Legal Forms offers templates that can help clarify your obligations and rights in matters involving the Federal Reserve System. If your situation is complex, seeking professional legal advice is recommended.
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The Administrative Governor oversees certain functions of the Federal Reserve and can delegate responsibilities when absent.