[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: 12CFR270.1] [Page 850] TITLE 12--BANKS AND BANKING CHAPTER II--FEDERAL RESERVE SYSTEM PART 270--OPEN MARKET OPERATIONS OF FEDERAL RESERVE BANKS--Table of Contents Sec. 270.1 Authority. This part is issued by the Federal Open Market Committee (the ``Committee'') pursuant to authority conferred upon it by sections 12A and 14 of the Federal Reserve Act (12 U.S.C. 263, 355).