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  5. SECTION 270.1
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SECTION 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 USC 263, 355)†.
*
The words “this part,” as used herein, mean Open Market Operations of Federal Reserve Banks (Code of Federal Regulations, title 12, chapter II, part 270).
†
At 1-108 and 1-129.
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