Organization
and Operations 1. No Reserve Bank personnel
with responsibility for priced services, unless acting in the capacity
of president or first vice president, will also be responsible for
monetary policy, bank supervision, or lending areas. Priced service
personnel will not make policy decisions affecting monetary policy,
bank supervision, or lending matters.
2. Branch
managers may administer policy decisions of a Reserve Bank in the
lending area but may not make policy decisions in this area.
3. Federal Reserve actions relative to a depository institution
in the monetary policy, supervisory, or lending functions involving
a particular depository institution will be made without regard to
whether that institution is a user of Reserve Bank services or is
an alternative provider of such services.
4. Except
for the president, first vice president, branch manager, or persons
acting in these capacities, Reserve Bank personnel involved in monetary
policy, bank supervision, or the lending function may discuss Federal
Reserve priced services with a depository institution only where necessary
to carry out their responsibilities. With the exceptions noted above,
personnel involved in priced services may discuss matters relating
to monetary policy, bank supervision, or lending with a depository
institution only where the information discussed is general in nature
or is public.
5. Reserve Bank personnel involved
in monetary policy, bank supervision, or the lending function may
provide confidential information obtained in the course of their duties
to Reserve Bank priced-services personnel only where such action fulfills
an important supervisory objective, preserves the integrity of the payment mechanism,
or protects the assets of the Reserve Banks. In such cases, information
will be provided on a need-to-know basis and only with the approval
of senior management.
