[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: 12CFR269.7]

[Page 838]
 
                       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. 269.7  Approval of agreement and required contents.

    Any agreement entered into with a labor organization as the 
exclusive representative of employees in a unit must be approved by the 
President of the Bank or a designated officer representative. All 
agreements with labor organizations shall also be subject to the 
requirement that the administration of all matters covered by the 
agreement shall be governed by the provisions of applicable laws and 
Federal Reserve System rules and regulations, and the agreement shall at 
all times be applied subject to such laws and regulations.