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The statute specifically instructs the agency to assess the institution”™s record of meeting the credit needs of its entire community, consistent with the safe and sound operation of such institution; and take such record into account in its evaluation of an application for a deposit facility by such institution. Although terms like “appropriate” are used, the statute defines a clear regulatory task.
The statute clearly instructs the Board of Governors on a specific regulatory task: adjusting the dollar amounts of total consolidated assets to reflect changes in the Gross Domestic Product Price Index and determining the amount each Federal Reserve bank must pay for fiscal year 2000. Although “adjust” and “determine” are somewhat open-ended, the task is clearly defined.
The statute provides the Comptroller of the Currency the ability to impose “conditions and limitations” on the expenditure of funds for the development and improvement of such real estate. The statute also dictates criteria for the Comptroller of Currency to approve possessions of real estate by the bank for over five years.
The statute, particularly the section regarding the Comptroller of the Currency’s ability to approve longer holding periods and prescribe conditions on expenditures, gives specific instructions on a regulatory task (managing real estate holdings of national banks) and specifies conditions under which the Comptroller can act. While the language includes terms like “detrimental” and “good faith attempt,” these terms are tied to a concrete regulatory task, fitting the definition of Specific Authority.
The statute provides broad rulemaking authority to the “appropriate Federal financial supervisory agency” to use its authority when examining financial institutions, to encourage such institutions to help meet the credit needs of the local communities. It does not identify a specific regulatory task, but rather leaves it to the agency to determine how best to “encourage” compliance, making it a General Authority delegation.
The statute directs federal financial supervisory agencies to use their authority to encourage institutions to meet credit needs, but doesn’t specify how to achieve this. It’s a broad directive rather than a specific regulatory task assigned to the agency, even though words like “appropriate” and “consistent” are present in the statute. This makes it a General Authority delegation.
Subsection (b) specifically authorizes the Bureau to exempt state-chartered depository institutions via regulation under certain conditions: laws that are substantially similar and have adequate enforcement. It outlines a specific regulatory task.
The statute clearly outlines a specific regulatory task: requiring national banking associations to subscribe to Federal Reserve Bank capital stock. The statute prescribes the subscription amount (6% of paid-up capital stock and surplus) and the payment schedule. It also delegates to the Board of Governors the power to call for the remaining subscription payments “when deemed necessary.” Although the timing of remainder payments utilizes the open-ended term “necessary,” the delegation relates to a specific task, therefore, it is a Specific Authority delegation.
The statute, 12 U.S.C. § 286, specifically instructs the Board of Governors of the Federal Reserve System to regulate “transfers of said stock.” While the statute uses broad language empowering the Board, it focuses on a particular regulatory task (transfers of stock), which satisfies the requirement for specific authority delegation even with terms that sound open-ended.
The statute provides a specific regulatory task to the Board of Governors of the Federal Reserve System: prescribing regulations related to the payment received by member banks upon surrendering their shares. While the exact content of those regulations is left to the Board’s discretion, the task itself is clearly defined and mandated by the statute.
The statute specifically delegates the task of prescribing regulations for calculating the payment a national bank receives for canceled stock. While the specific content of those regulations is left to the Board, the task itself is clearly defined and delineated.
The statute specifically authorizes the Secretary of the Treasury to prescribe regulations to enable state-chartered institutions to become depositories of public money and fiscal agents. This is a direction toward a specific end. While the term “necessary” provides discretion, it’s in service of the specific regulatory goal outlined in the statute.
The statute clearly instructs the Secretary of the Treasury to issue regulations to enable state-chartered banks and other institutions to become depositaries of public money and fiscal agents of the U.S., which is a specific regulatory task. While the phrase “as may be necessary” offers discretion, it relates to the how of enabling a function, not the what of enabling the function.
While 12 U.S.C. § 27 doesn’t specify particular tasks as a delegation, the delegation is Specific Authority. The statute instructs the Comptroller to determine whether an association is lawfully entitled to commence banking and if so, to issue a certificate of authority. The statute uses terms that suggest agency discretion like “careful examination,” lawfully entitled,” and “legitimate objects.”
The statute outlines specific data points to be collected and disclosed and also grants authority using open-ended terms like “as the Bureau may require.” This indicates a specific regulatory task related to data collection and dissemination.
The statute delegates broad rulemaking authority to the Bureau, stating the Bureau “shall prescribe such regulations as may be necessary to carry out the purposes of this chapter.” While the statute includes a general instruction to effectuate the purposes of the chapter and prevent circumvention, it lacks specifics as to the regulatory tasks or gaps that need to be addressed with precision. It is better described as a general than specific authority.
While the statute mentions security requirements, the authority delegated to the Secretary of the Treasury to prescribe regulations is broad and not tied to a specific regulatory gap or task. The statute uses open-ended terms, but delegates broad authority rather than clearly instructing the agency on a specific regulatory task.
The statute instructs the Secretary of the Treasury on the specific regulatory task of prescribing regulations for the deposit of public money in insured banks and to require satisfactory security for the safekeeping and prompt payment of public money. While the phrasing “under such regulations as may be prescribed by the Secretary” is open-ended, it still directs agency action towards a specific gap.
The statute grants the Secretary of the Treasury authority to prescribe regulations regarding the deposit of public money in insured banks and requires the Secretary to obtain satisfactory security for those deposits. The regulation (31 CFR Part 380) specifies acceptable forms of collateral and valuation methods, which falls directly within the scope of securing public money deposits as mandated by the statute. While broad, the grant of authority concerns a specific regulatory task related to public funds.
Although broad, the delegation directs the Secretary of Treasury to make regulations that enable state-chartered banks to serve as federal depositaries and fiscal agents. This outlines a specific task or gap for regulation, fulfilling the requirements for a Specific Authority delegation.
While seemingly broad, the statute directs the Secretary of the Treasury to create regulations to enable institutions to become depositaries of public money and fiscal agents. This is a specific task related to the financial operations of the US government.
While the statute mentions “achieving the purposes of this chapter,” it does not provide specific regulatory tasks or identify any regulatory gaps. The authority is broadly to prescribe rules and regulations deemed “necessary,” making it a general grant of rulemaking power related to the Real Estate Settlement Procedures Act (RESPA).
The statute grants broad rulemaking authority by authorizing the Bureau to prescribe rules and regulations “as may be necessary to achieve the purposes of this chapter,” without specifying particular regulatory tasks. While the statute refers to the “purposes of this chapter,” it doesn’t list specific areas to regulate, fitting Hickman’s description of a General Authority delegation.
While subsection (b) provides regulatory authority regarding open market transactions, it is not a broad delegation. The statute provides a specific regulatory task (“regulations relating to open-market transactions of such banks”) to the agency. Although “open market transactions” could have some breadth, it’s significantly more narrow than, say, a delegation to regulate in the “public interest.” The statute describes the subject matter to which the regulations must apply.
While 12 U.S.C. § 263 does instruct the agency on specific regulatory tasks such as prescribing the election details for committee members and governing open-market transactions, the power to create regulations regarding the availability of information (as codified in 12 CFR Part 271) is not explicitly mentioned. The statute broadly grants power to regulate the open-market transactions, implying some discretion over related information disclosure; however, absent explicit authorization to establish rules about information availability beyond the processes surrounding committee elections and market operations, it falls under “General Authority.”