12 CFR § 270.1 - Authority.

---
identifier: "/us/cfr/t12/s270.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 270.1 - Authority."
title_number: 12
title_name: "Banks and Banking"
section_number: "270.1"
section_name: "Authority."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "B"
subchapter_name: "FEDERAL OPEN MARKET COMMITTEE"
part_number: "270"
part_name: "OPEN MARKET OPERATIONS OF FEDERAL RESERVE BANKS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Sec. 8, 48 Stat. 168, as amended (12 U.S.C. 263)."
regulatory_source: "38 FR 2753, Jan. 30, 1973, unless otherwise noted."
cfr_part: "270"
---


# 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).