Subchapter II. Board of Governors of the Federal Reserve System 12 U.S. Code §241. Creation; membership; compensation and expenses 12 U.S. Code §242. Ineligibility to hold office in member banks; qualifications and terms of office of members; chairman and vice chairman; oath of office 12 U.S. Code §243. Assessments upon Federal reserve banks to pay expenses 12 U.S. Code §244. Principal offices of Board; chairman of Board; obligations and expenses; qualifications of members; vacancies 12 U.S. Code §245. Vacancies during recess of Senate 12 U.S. Code §246. Powers of Secretary of the Treasury as affected by chapter 12 U.S. Code §247. Reports to Congress 12 U.S. Code §247a. Records of action on policy relating to open-market operation and policies determined generally; inclusion in report to Congress 12 U.S. Code §247b. Appearances before Congress 12 U.S. Code §248-1. Rules and regulations for transfer of funds and charges therefor among banks; clearing houses 12 U.S. Code §248. Enumerated powers 12 U.S. Code §248a. Pricing of services 12 U.S. Code §248b. Annual independent audits of Federal reserve banks and Board 12 U.S. Code §250. Independence of financial regulatory agencies 12 U.S. Code §252. Credit availability assessment