[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: 12CFR269.2]

[Page 835]
 
                       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. 269.2  Membership in a labor organization.

    (a) Any employee of a Federal Reserve Bank (hereinafter referred to 
as ``Bank'') is free to join and assist any existing labor organization 
or to participate in the formation of a new labor organization, or to 
refrain from any such activities except that officers and their 
administrative or confidential assistants, managers and other 
supervisory personnel, secretaries to all such persons and all employees 
engaged in Bank personnel work shall not be represented by any labor 
organization.
    (b) The rights described in paragraph (a) of this section for 
employees do not extend to participation in the management of a labor 
organization, or acting as a representative of any such organization, 
where such participation or activity would conflict with law or the 
duties of an employee.
    (c) Notwithstanding anything stated in paragraph (a) of this 
section, professional employees of a Bank shall not be represented by a 
labor organization which represents other employees of the Bank unless a 
majority of the professional employees eligible to vote specifically 
elect to be represented by such labor organization. However, the 
professional employees of a Bank may, if they so choose, be represented 
by a separate labor organization of their own, or by no labor 
organization at all.
    (d) Notwithstanding anything stated in paragraph (a) of this 
section, the guards of a Bank shall not be members of a labor 
organization which represents other categories of employees of the Bank. 
However, the guards of a Bank may, if they so choose, be represented by 
a separate labor organization of their own, or by no labor organization 
at all.