{"data":{"id":"us/12-cfr-265.2","jurisdiction":"us","citation":"12 CFR 265.2","heading":"Delegation of functions generally.","body":"(a) The Board has determined to delegate authority to exercise the functions described in this part.\n(b) The Chair of the Board shall assign responsibility for performing such delegated functions.\n(c) Where a delegatee must act with the concurrence of a Board employee, or in consultation with a Board employee, that Board employee may subdelegate his or her authority to concur or be consulted on the delegated action to an employee within the same division or office.","path":["Title 12—Banks and Banking","CHAPTER II—FEDERAL RESERVE SYSTEM","SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM","PART 265—RULES REGARDING DELEGATION OF AUTHORITY","Subpart A—General Provisions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"3d077aead5a28f51425e00f818d2b819341c0017b41bd501909e121d942456a5","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-265.1","next":"us/12-cfr-265.3"},"notice":"GroundRules: Original legal text. Not legal advice."}