Rule2026-04373
Rules Regarding Delegation of Authority; Correction
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 5, 2026
Effective
March 5, 2026
Issuing agencies
Federal Reserve System
Abstract
The Board is revising its Rules Regarding Delegation of Authority to add delegations previously approved by the Board and to make certain technical corrections.
Full Text
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<title>Federal Register, Volume 91 Issue 43 (Thursday, March 5, 2026)</title>
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[Federal Register Volume 91, Number 43 (Thursday, March 5, 2026)]
[Rules and Regulations]
[Pages 10745-10746]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-04373]
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Rules and Regulations
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
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Federal Register / Vol. 91, No. 43 / Thursday, March 5, 2026 / Rules
and Regulations
[[Page 10745]]
FEDERAL RESERVE SYSTEM
12 CFR Part 265
[Docket No. R-1778]
RIN No. 7100-AG37
Rules Regarding Delegation of Authority; Correction
AGENCY: Board of Governors of the Federal Reserve System (Board).
ACTION: Final rule; correcting amendments.
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SUMMARY: The Board is revising its Rules Regarding Delegation of
Authority to add delegations previously approved by the Board and to
make certain technical corrections.
DATES: Effective March 5, 2026.
FOR FURTHER INFORMATION CONTACT: Amory Goldberg, Senior Counsel, (202)
469-1015, Legal Division, Board of Governors of the Federal Reserve
System, 20th Street and Constitution Avenue NW, Washington, DC 20551.
For users of TTY-TRS, please call 711 from any telephone, anywhere in
the United States.
SUPPLEMENTARY INFORMATION:
I. Background
Section 11(k) of the Federal Reserve Act authorizes the Board to
delegate, by published order or rule and subject to the Administrative
Procedure Act, any of its functions, other than those related to
rulemaking or pertaining principally to monetary and credit policies,
to one or more administrative law judges, members or staff of the
Board, or the Reserve Banks.\1\ The Board has delegated authority to
Board members (in their individual capacity and as chairs of committees
of the Board), Board staff, and the Federal Reserve Banks to take
certain actions under the various statutes that the Board administers.
The Board's Rules Regarding Delegation of Authority (delegation rules)
implement section 11(k) of the Federal Reserve Act and enumerate the
actions that the Board has determined to delegate. By delegating
actions that do not raise significant legal, supervisory, or policy
issues, the Board can respond more efficiently to applications,
requests, and other matters.
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\1\ 12 U.S.C. 248(k).
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The Board published a final rule in 2022 that comprehensively
revised the delegation rules.\2\ The Board is amending the delegation
rules to publish two delegations of authority approved by the Board,
and to make certain technical corrections.
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\2\ Rules Regarding Delegation of Authority, 87 FR 53988
(September 1, 2022).
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II. Regulatory Analyses
These amendments relate solely to the agency's organization,
procedure, or practice. Accordingly, the provisions of the
Administrative Procedure Act (APA) regarding notice of proposed
rulemaking and opportunity for public participation are not
applicable.\3\
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\3\ 5 U.S.C. 553(b)(A).
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Because no notice of proposed rulemaking is required to be issued,
or has been issued, in connection with this rule, it is not a ``rule''
for purposes of the Regulatory Flexibility Act, and that act,
therefore, does not apply.\4\
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\4\ 5 U.S.C. 601(2).
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In accordance with the Paperwork Reduction Act of 1995 (PRA),\5\
the Board may not conduct or sponsor, and a respondent is not required
to respond to, an information collection unless it displays a currently
valid Office of Management and Budget control number. The amendments do
not contain any collections of information as defined in the PRA.
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\5\ 44 U.S.C. 3501 et seq.
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Section 722 of the Gramm-Leach-Bliley Act \6\ requires the Federal
banking agencies to use plain language in all proposed and final rules
published after January 1, 2000. The Board has sought to present this
rule in a simple and straightforward manner.
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\6\ 12 U.S.C. 4809.
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As a rule of internal agency organization, the final rule is not a
``substantive rule'' for the purposes of the APA; as such, the act does
not require the Board to delay the effective date of the rule.\7\
Accordingly, the amendments are effective March 5, 2026.
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\7\ See 5 U.S.C. 553(d).
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List of Subjects in 12 CFR Part 265
Authority delegations (Government agencies); Banks, banking.
Authority and Issuance
For the reasons stated in the preamble the Board of Governors of
the Federal Reserve System corrects 12 CFR part 265 by making the
following correcting amendments:
PART 265--RULES REGARDING DELEGATION OF AUTHORITY
0
1. The authority citation for part 265 continues to read as follows:
Authority: 12 U.S.C. 248(i) and (k).
Subpart B--Delegations of Authority
Sec. 265.4 [Amended]
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2. In Sec. 265.4, remove and reserve paragraph (d)(2).
Sec. 265.5 [Amended]
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3. In Sec. 265.5, in paragraph (a)(2)(i), remove ``Board's approval
authority,'' and add in its place ``Board's approval, authorization,''
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4. In Sec. 265.6, add paragraph (l) to read as follows:
Sec. 265.6 Functions delegated to the General Counsel.
* * * * *
(l) Section 106 of the Bank Holding Company Act Amendments of 1970.
To grant exceptions to the anti-tying provisions of section 106 of the
Bank Holding Company Act Amendments of 1970 (12 U.S.C. 1972) to allow a
bank holding company's credit card subsidiary to offer a credit card
secured by deposits at an affiliate and similar credit card programs.
Sec. 265.7 [Amended]
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5. In Sec. 265.7, in paragraph (d)(7)(ii)(B)(3), remove ``(252.146 and
252.158);'' and add in its place ``(12 CFR 252.146 and 252.158);''
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6. In Sec. 265.11, add paragraph (c) to read as follows:
Sec. 265.11 Functions delegated to the Director of the Division of
Reserve Bank Operations and Payment Systems.
* * * * *
(c) Regulation HH. After consulting with interested division
directors, to
[[Page 10746]]
establish the process for receiving notifications described in section
234.3(a)(17)(vi)(A) of the Board's Regulation HH (12 CFR
234.3(a)(17)(vi)(A)) and to provide notice of this process to affected
firms.
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority.
Benjamin W. McDonough,
Deputy Secretary of the Board.
[FR Doc. 2026-04373 Filed 3-4-26; 8:45 am]
BILLING CODE 6210-01-P
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