[Code of Federal Regulations]
[Title 12, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR265.8]

[Page 787-788]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 265--RULES REGARDING DELEGATION OF AUTHORITY--Table of Contents
 
Sec. 265.8  Functions delegated to the Staff Director of the Division of International Finance.

    The Board's Staff Director of the Division of International Finance 
(or the Director's delegee) is authorized:

[[Page 788]]

    (a) Establishment of foreign accounts. To approve the establishment 
of foreign accounts and the terms of any account-related agreements with 
the Federal Reserve Bank of New York under section 14(e) of the Federal 
Reserve Act (12 U.S.C. 358).
    (b) [Reserved]