12 U.S.C. § 3307 : US Code - Section 3307: Administration

Search 12 U.S.C. § 3307 : US Code - Section 3307: Administration

(a) Authority of Chairman of Council
The Chairman of the Council is authorized to carry out and to
delegate the authority to carry out the internal administration of
the Council, including the appointment and supervision of employees
and the distribution of business among members, employees, and
administrative units.
(b) Use of personnel, services, and facilities of Federal financial
institutions regulatory agencies, Federal Reserve banks, and
Federal Home Loan Banks
in (!1) addition to any other authority conferred upon it by this
chapter, in carrying out its functions under this chapter, the
Council may utilize, with their consent and to the extent
practical, the personnel, services, and facilities of the Federal
financial institutions regulatory agencies, Federal Reserve banks,
and Federal Home Loan Banks, with or without reimbursement
therefor.
(c) Compensation, authority, and duties of officers and employees;
experts and consultants
In addition, the Council may -
(1) subject to the provisions of title 5 relating to the
competitive service, classification, and General Schedule pay
rates, appoint and fix the compensation of such officers and
employees as are necessary to carry out the provisions of this
chapter, and to prescribe the authority and duties of such
officers and employees; and
(2) obtain the services of such experts and consultants as are
necessary to carry out the provisions of this chapter.