FEDERAL RESERVE SYSTEM Board of Governors of the Federal Reserve System Twentieth Street and Constitution Avenue NW., Washington, DC 20551 Phone, 202–452–3000
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404 U.S. GOVERNMENT MANUAL Activities Superintendent of Documents, U.S. Cases brought before the Commission Government Printing Office, are assigned to the Office of Washington, DC 20402. The Administrative Law Judges, and hearings Commission’s Web site includes recent are conducted pursuant to the decisions, a searchable database of requirements of the Administrative previous decisions, procedural rules, Procedure Act (5 U.S.C. 554, 556) and audio recordings of recent public the Commission’s procedural rules (29 meetings, and other pertinent CFR 2700). information. A judge’s decision becomes a final but nonprecedential order of the Requests for Commission records should Commission 40 days after issuance be submitted in accordance with the unless the Commission has directed the Commission’s Freedom of Information case for review in response to a petition Act regulations. Other information, or on its own motion. If a review is including Commission rules of procedure conducted, a decision of the and brochures explaining the Commission becomes final 30 days after Commission’s functions, is available issuance unless a party adversely from the Executive Director, Federal affected seeks review in the U.S. Circuit Court of Appeals for the District of Mine Safety and Health Review Columbia or the Circuit within which Commission, 601 New Jersey Avenue the mine subject to the litigation is NW., Suite 9500, Washington, DC located. 20001–2021. Internet, www.fmshrc.gov. As far as practicable, hearings are held Email, [email protected]. at locations convenient to the affected For information on filing requirements, mines. In addition to its Washington, the status of cases before the DC, offices, the Office of Administrative Law Judges maintains an office in the Commission, or docket information, Colonnade Center, Room 280, 1244 contact the Office of General Counsel or Speer Boulevard, Denver, CO 80204. the Docket Office, Federal Mine Safety and Health Review Commission, 601 Sources of Information New Jersey Avenue NW., Suite 9500, Commission decisions are published Washington, DC 20001. Email, bimonthly and are available through the [email protected]. For further information, contact the Executive Director, Federal Mine Safety and Health Review Commission, 601 New Jersey Avenue NW., Suite 9500, Washington DC 20001–2021. Phone, 202–434– 9905. Fax, 202–434–9906. Internet, www.fmshrc.gov. Email, [email protected]. FEDERAL RESERVE SYSTEM Board of Governors of the Federal Reserve System Twentieth Street and Constitution Avenue NW., Washington, DC 20551 Phone, 202–452–3000. Internet, www.federalreserve.gov. Board of Governors CHAIRMAN BEN S. BERNANKE VICE CHAIRMAN DONALD L. KOHN Members ELIZABETH DUKE, DANIEL K. TARULLO, KEVIN M. WARSH, (2 VACANCIES) VerDate Nov 24 2008 14:44 Oct 02, 2009 Jkt 217558 PO 00000 Frm 00404 Fmt 6997 Sfmt 6995 M:\GOVMAN\217558\217558.062 APPS06 PsN: 217558 dkrause on GSDDPC29 with $$_JOB FEDERAL RESERVE SYSTEM 405 Staff: Director, Division of Board Members MICHELLE A. SMITH Congressional Liaison LARICKE D. BLANCHARD General Counsel SCOTT G. ALVAREZ Secretary JENNIFER J. JOHNSON Director, Division of Banking Supervision and ROGER T. COLE Regulation Director, Division of Consumer and SANDRA F. BRAUNSTEIN Community Affairs Director, Division of Federal Reserve Bank LOUISE L. ROSEMAN Operations and Payment Systems Director, Division of Information Technology MAUREEN HANNAN Director, Division of International Finance D. NATHAN SHEETS Director, Management Division H. FAY PETERS Director, Division of Monetary Affairs BRIAN MADIGAN Director, Division of Research and Statistics DAVID J. STOCKTON Staff Director, Office of Staff Director for STEPHEN R. MALPHRUS Management Inspector General ELIZABETH A. COLEMAN Officers of the Federal Reserve Banks Federal Reserve Bank Chairmen: Boston, MA LISA M. LYNCH New York, NY STEPHEN FRIEDMAN Philadelphia, PA WILLIAM F. HECHT Cleveland, OH TANNY B. CRANE Richmond, VA LEMUEL E. LEWIS Atlanta, GA D. SCOTT DAVIS Chicago, IL JOHN A. CANNING, JR. St. Louis, MO STEVEN H. LIPSTEIN Minneapolis, MN JAMES J. HYNES Kansas City, MO LU M. CORDOVA Dallas, TX JAMES T. HACKETT San Francisco, CA T. GARY ROGERS Presidents: Atlanta, GA DENNIS P. LOCKHART Boston, MA ERIC S. ROSENGREN Chicago, IL CHARLES L. EVANS Cleveland, OH SANDRA PIANALTO Dallas, TX RICHARD W. FISHER Kansas City, MO THOMAS M. HOENIG Minneapolis, MN GARY H. STERN New York, NY WILLIAM C. DUDLEY Philadelphia, PA CHARLES L. POSSER Richmond, VA JEFFERY M. LACKER St. Louis, MO JAMES B. BULLARD San Francisco, CA JANET L. YELLEN Federal Open Market Committee Chairman BEN S. BERNANKE Vice Chairman WILLIAM C. DUDLEY Members CHARLES L. EVANS, DONALD L. KOHN, JEFFERY M. LACKER, DENNIS P. LOCKHART, KEVIN M. WARSH, JANET L. YELLEN, (VACANCY) VerDate Nov 24 2008 15:53 Oct 26, 2009 Jkt 217588 PO 00000 Frm 00405 Fmt 6997 Sfmt 6995 C:\JIM\GOVT MANUAL\LOC\217558.063 217558 dkrause on GSDDPC29 with $$_JOB 406 U.S. GOVERNMENT MANUAL Staff: Secretary and Economist BRIAN MADIGAN Deputy Secretary DEBORAH DANKER Assistant Secretaries DAVID SKIDMORE, MICHELLE SMITH General Counsel SCOTT G. ALVAREZ Economists D. NATHAN SHEETS, DAVID J. STOCKTON Federal Advisory Councils: Secretary, Federal Advisory Council WILLIAM DOWNE Chairman, Consumer Advisory Council EDNA R. SAWADY President, Thrift Institutions Advisory Council CURTIS L. HAGE The Federal Reserve System, the central bank of the United States, is charged with administering and formulating the Nation’s credit and monetary policy. Through its supervisory and regulatory banking functions, the Federal Reserve maintains the safety and soundness of the Nation’s economy, responding to the Nation’s domestic and international financial needs and objectives. The Federal Reserve System was associations, mutual savings banks, and established by the Federal Reserve Act credit unions. (12 U.S.C. 221), approved December 23, 1913. Its major responsibility is in the Board of Governors execution of monetary policy. It also The Board is composed of seven performs other functions, such as the members appointed by the President transfer of funds, handling Government with the advice and consent of the deposits and debt issues, supervising and Senate. The Chairman of the Board of regulating banks, and acting as lender of Governors is a member of the National last resort. Advisory Council on International It is the responsibility of the Federal Monetary and Financial Policies. The Reserve System to contribute to the Board determines general monetary, strength and vitality of the U.S. credit, and operating policies for the economy. By influencing the lending System as a whole and formulates the and investing activities of depository rules and regulations necessary to carry institutions and the cost and availability out the purposes of the Federal Reserve of money and credit, the Federal Reserve Act. The Board’s principal duties consist System helps promote the full use of human and capital resources, the growth of monitoring credit conditions; of productivity, relatively stable prices, supervising the Federal Reserve Banks, and equilibrium in the Nation’s member banks, and bank holding international balance of payments. companies; and regulating the Through its supervisory and regulatory implementation of certain consumer banking functions, the Federal Reserve credit protection laws. System helps maintain a commercial Power To Influence Credit Conditions banking system that is responsive to the The Board has the power, within Nation’s financial needs and objectives. statutory limitations, to fix the The System consists of the Board of requirements concerning reserves to be Governors in Washington, DC; the 12 maintained by depository institutions on Federal Reserve Banks and their 25 transaction accounts or nonpersonal time branches and other facilities situated deposits. The Board of Governors throughout the country; the Federal reviews and determines the discount rate Open Market Committee; the Federal charged by the Federal Reserve Banks. Advisory Council; the Consumer For the purpose of preventing excessive Advisory Council; the Thrift Institutions use of credit for the purchase or carrying Advisory Council; and the Nation’s of securities, the Board is authorized to financial institutions, including regulate the amount of credit that may commercial banks, savings and loan be initially extended and subsequently VerDate Nov 24 2008 14:44 Oct 02, 2009 Jkt 217558 PO 00000 Frm 00406 Fmt 6997 Sfmt 6995 M:\GOVMAN\217558\217558.063 APPS06 PsN: 217558 dkrause on GSDDPC29 with $$_JOB FEDERAL RESERVE SYSTEM 407 maintained on any security (with certain banks and the affiliates of member banks exceptions). and to require condition reports from Supervision of Federal Reserve Banks them. It has authority to require periodic The Board is authorized to make and other public disclosure of examinations of the Federal Reserve information with respect to an equity Banks, to require statements and reports security of a State member bank that is from such Banks, to supervise the issue held by 500 or more persons. It and retirement of Federal Reserve notes, establishes minimum standards with to require the establishment or respect to installation, maintenance, and discontinuance of branches of Reserve operation of security devices and Banks, and to exercise supervision over procedures by State member banks. all relationships and transactions of those Also, it has authority to issue cease-and- Banks with foreign branches. desist orders in connection