[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: 12CFR269.11]

[Page 839]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 269--POLICY ON LABOR RELATIONS FOR THE FEDERAL RESERVE BANKS--Table of Contents
 
Sec. 269.11  Federal Reserve System Labor Relations Panel.

    There shall be established a Federal Reserve System Labor Relations 
Panel, which shall consist of three members: one member of the Board of 
Governors of the Federal Reserve System, who shall be Chairperson of the 
Panel, and two public members. Each member shall be selected by the 
Board of Governors; provided, however, that the public members shall not 
have any present or past affiliation with the Federal Reserve System. 
Initially, one of the two public members shall be appointed for a term 
of two years, and the other for a term of three years. Thereafter, each 
public member shall be appointed for a term of three years, except that 
in the case of an unexpired term of a former member, the successor shall 
be appointed to fill such unexpired term. Upon the expiration of their 
term of office, public members may continue to serve until their 
successors are appointed and have qualified. A public member may be 
removed by the Board only upon notice and hearing, and only for neglect 
of duty or malfeasance in office. The Panel shall be responsible for the 
duties assigned to it as set forth in this Policy.