CFR > Title 12 - Banks and Banking > CHAPTER II—FEDERAL RESERVE SYSTEM > SUBCHAPTER B—FEDERAL OPEN MARKET COMMITTEE (parts 270 to 281) > PART 270—OPEN MARKET OPERATIONS OF FEDERAL RESERVE BANKS > 270.1—Authority.

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 ).