---
kind: "section"
citation: "12 U.S.C. § 5614"
title: "12"
title_heading: "Banks and Banking"
number: "5614"
heading: "Exercise of Federal Reserve authority"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5614"
units:
  - "Chapter 53 — Wall Street Reform and Consumer Protection"
  - "Subchapter VI — Federal Reserve System Provisions"
---

# §5614. Exercise of Federal Reserve authority

- (1) **No decisions by Federal reserve bank presidents—** No provision of subchapter I relating to the authority of the [Board of Governors](/usc/12/5301.md?p=3) shall be construed as conferring any decision-making authority on presidents of Federal reserve [banks](/usc/12/5301.md?p=18-A).
- (2) **Voting decisions by Board—** The [Board of Governors](/usc/12/5301.md?p=3) shall not delegate the authority to make any voting decision that the [Board of Governors](/usc/12/5301.md?p=3) is authorized or required to make under subchapter I of this chapter in contravention of [section 248(k) of this title](/usc/12/248.md?p=k).

## Source credit

(Pub. L. 111–203, title XI, § 1108(d), July 21, 2010, 124 Stat. 2127.)

## Notes

### Editorial Notes

### References in Text

Subchapter I, referred to in text, was in the original “title I”, meaning title I of Pub. L. 111–203, July 21, 2010, 124 Stat. 1391, known as the Financial Stability Act of 2010, which is classified principally to subchapter I (§ 5311 et seq.) of this chapter. For complete classification of title I to the Code, see Short Title note set out under section 5301 of this title and Tables.