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The statute specifically instructs the Appraisal Subcommittee to prescribe regulations in limited functions such as temporary practice, national registry, information sharing, and enforcement. While there is some discretion afforded to the agency on how to prescribe these regulations, it is still defined and targeted guidance and therefore it falls under Specific Authority Delegation.
12 U.S.C. § 3331 sets out a specific regulatory task: ensuring competent and supervised real estate appraisals are used in federally related transactions performed to uniform standards. While the specific rules and standards are not detailed in the statute itself, it clearly directs the agency to regulate this specific area, thus fitting Hickman’s definition of a “Specific Authority Delegation.”
The statute identifies a specific problem (lack of uniform appraisal standards) and instructs agencies to address it by setting those standards. This falls under Kristin Hickman’s “Specific Authority Delegations” because it tasks agencies with a specific regulatory purpose, even using open-ended terms like “uniform standards.”
The statute provides specific instructions on tasks for the Appraisal Subcommittee, such as monitoring state requirements for appraiser certification and licensing, maintaining national registries, and submitting annual reports to Congress. While the term “monitor” can be somewhat open-ended, the statute clearly identifies the regulatory task and the subject matter (appraisals for federally related transactions).
12 U.S. Code § 3332 provides explicit instructions to the Appraisal Subcommittee. It mandates monitoring of state requirements for appraiser certification and licensing, federal agency appraisal standards, maintaining national registries, and transmitting annual reports. These directives specify what the agency must do, even if the “how” is left to agency discretion and expertise. The tasks are identified clearly.
The statute outlines specific functions the Appraisal Subcommittee shall perform, such as monitoring state requirements for appraiser certification and licensing, maintaining national registries of appraisers and appraisal management companies, and transmitting annual reports to Congress. Even though there is some flexibility in how the agency carries out these duties, the statute provides clear, targeted directives, aligning it with the characteristics of Specific Authority delegation.
While the statute does not prescribe the specific content of the regulations, it clearly instructs the Secretary of the Treasury on a specific regulatory task: to prescribe regulations governing banks as depositaries of public money and financial agents, particularly regarding the security those banks must provide. It uses the open-ended term “satisfactory security” providing flexibility, but the regulatory task is clearly identified.
While the statute grants the Board authority over the membership of mutual savings banks, it is not a broad grant without specific regulatory tasks. Rather, the statute explicitly instructs the Board to create “rules and regulations” regarding the semiannual adjustment of capital stock subscriptions. The statute provides a clear gap and instructs the Board to address it.
While the statute doesn’t lay out exactly what those regulations must contain, it does specifically instruct the agency on how and when to adjust the subscription amounts, therefore it falls under the Specific Authority designation. It instructs on a specific gap in the law.
While 12 U.S.C. § 333 references compliance with the regulations of the Board of Governors, the statute itself doesn’t identify specific regulatory tasks related to retail foreign exchange transactions. Instead, the broad authority cited in 12 CFR 240, particularly U.S.C. 248 and 321-338, provides the basis for the Board’s ability to regulate various aspects of banking operations.
The statute gives the Board of Governors a specific task: to prescribe “rules and regulations” to govern the semiannual adjustments to the stock subscriptions (or deposits in lieu thereof) by mutual savings banks within the Federal Reserve System. While “rules and regulations” is a broad term, the context here is specifically about how these adjustments are to be made.
The statute directs the Secretary of the Treasury to designate banks as depositaries and financial agents and, critically, it explicitly authorizes the Secretary to prescribe regulations governing the use of said banks as depositories. It further specifies the need for regulations regarding “satisfactory security” for public money deposits. This goes beyond broad authority by tasking the Secretary with regulating a specific function (banks as depositories) and even specifies a consideration for regulation (security).
The statute explicitly directs the Secretary of the Treasury to designate banks as depositaries of public money and financial agents and grants the authority to prescribe regulations related to their function as depositaries. Also directs the Secretary to require satisfactory security. Although the statute uses the term “reasonable duties,” this qualifies as a Specific Authority delegation under Hickman’s framework.
The statute directs the Secretary to designate banks as depositaries of public money “under such regulations as may be prescribed by the Secretary,” and to require “satisfactory security” for public money deposited. This specifies a particular regulatory task for the agency (regulating banks as depositaries) and a method of doing it (requiring security), and the delegation is therefore specific authority even though using terms like “satisfactory”.
The statute provides a specific regulatory task: to prescribe regulations regarding banks as depositories of public money and financial agents, including requirements for satisfactory security. While the term “regulations” is open-ended, the statute identifies a particular regulatory gap and instructs the Secretary of Treasury to fill it.
The statute specifically instructs the Secretary of the Treasury to designate banks as depositaries of public money and financial agents, and it explicitly allows the Secretary to prescribe regulations governing these activities and to require satisfactory security. While the language allows for discretion (e.g., “such regulations as may be prescribed”, “satisfactory security”), the statute clearly instructs the agency on the specific regulatory task and area to be regulated.
While 12 U.S.C. § 331 focuses specifically on the unlawful certification of checks and the consequence of membership forfeiture, it implies authority for the Board of Governors of the Federal Reserve System to establish procedures for the hearing process to determine if a violation occurred. The statute outlines a specific circumstance (unlawful check certification) and implicitly instructs the agency (Federal Reserve Board) to act “upon hearing,” which, while not prescribing the hearing procedures, gives the agency authority over them. Further, 12 USC 321-338a is listed as an authority for the regulation and this relates specifically to state bank membership in the federal reserve system.
The statute focuses on a specific prohibition related to check certification and the consequences for violating that prohibition. It grants the Board of Governors of the Federal Reserve System the authority to conduct a hearing and potentially revoke a bank’s membership for violations. However, it does not specifically instruct the agency to create regulations concerning retail foreign exchange transactions or any other specific regulatory task beyond enforcing the check certification rule. Although part 240 lists sections 321-338 as its authority, and 331 falls within this range, the statute itself does not provide specific regulatory tasks; therefore, it is a general delegation.
The statute identifies a specific task for the Board of Governors of the Federal Reserve System: to hold hearings regarding potential membership forfeiture. The statute, therefore, gives specific authority related to that task, including creating rules for those hearings.
The statute provides a clear and specific instruction to establish an Appraisal Subcommittee composed of specific designees. This falls under the definition of Specific Authority Delegations because it clearly instructs the agencies on a specific regulatory task.
The statute specifically instructs the creation and composition of the Appraisal Subcommittee within the Council. This directs the agencies involved (Federal financial institutions regulatory agencies, the Bureau of Consumer Financial Protection, and the Federal Housing Finance Agency) on a particular task, including the requirement of demonstrated knowledge and competence concerning the appraisal profession for the designees. While the statute does not spell out every detail, it identifies a specific gap related to appraisal oversight and delegates the responsibility of populating the subcommittee.
The statute specifically directs the Board of Governors of the Federal Reserve System to limit the activities of State member banks and their subsidiaries in a manner consistent with 12 U.S.C. § 1831a. This is a specific instruction to regulate in a defined area.
The statute specifically grants authority to the Board of Governors of the Federal Reserve System to limit the activities of State member banks and their subsidiaries in a manner consistent with section 1831a of Title 12, indicating a specific regulatory task.
While the statute concerns the activities of state member banks, it provides broad authority to the Board of Governors to limit these activities. The statute doesn’t identify a specific regulatory task beyond this limiting power, making it a delegation of general authority.
The statute provides broad authority to manage the internal administration of the Council. While the statute does specify areas such as personnel and use of other agencies’ resources, it doesn’t delineate specific regulatory tasks or gaps that the agency must address through rulemaking. Instead, it gives the agency discretion in how it manages its internal affairs to carry out its functions.