Section 1 Short title
This Act may be cited as the “Fully Informed District Bank Act”.
Fully Informed District Bank Act
A BILL
To amend the Federal Reserve Act to modify the appointment process for presidents of Federal Reserve Banks.
Sec. 2 Amendment to appointment of presidents of Federal Reserve Banks
The fifth subparagraph of the fourth undesignated paragraph of section 4 of the Federal Reserve Act (12 U.S.C. 341) is amended by striking “Class B and Class C directors” and inserting “board of directors”.