[Federal Register Volume 86, Number 37 (Friday, February 26, 2021)]
[Rules and Regulations]
[Pages 11622-11623]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-04039]


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FEDERAL RESERVE SYSTEM

12 CFR Part 272


Federal Open Market Committee; Rules of Procedure

AGENCY: Federal Open Market Committee.

ACTION: Final rule.

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SUMMARY: The Federal Open Market Committee is amending its Rules of 
Procedure to replace the terms ``Chairman'' and ``Vice Chairman'' with 
``Chair'' and Vice Chair,'' respectively.

DATES: Effective February 26, 2021.

FOR FURTHER INFORMATION CONTACT: Matthew Luecke, Deputy Secretary of 
the Federal Open Market Committee, (202) 452-2576, 20th and C Streets 
NW, Washington, DC 20551; or Alye S. Foster, Deputy Associate General 
Counsel (202-452-5289), Legal Division, Board of Governors of the 
Federal Reserve System.

SUPPLEMENTARY INFORMATION: The Federal Open Market Committee 
(Committee) is replacing the references in its Rules of Procedure to 
``Chairman'' and ``Vice Chairman,'' with the gender-neutral equivalent 
terms of ``Chair'' and ``Vice Chair''. Although the terms ``Chairman'' 
and ``Vice Chairman'' are referenced in the Federal Reserve Act, 
traditionally these terms have been used to refer to persons regardless 
of gender. As the terms are not intended to be and, in practice, are 
not gender-specific, the Committee is replacing of the terms 
``Chairman'' and ``Vice Chairman'' in the Committee's Rules of 
Procedure with their gender-neutral equivalents of ``Chair'' and ``Vice 
Chair,'' respectively. This change also aligns the Committee's Rules of 
Procedure with its practice.
    Because the amended rule relates solely to the internal 
organization, procedure, or practice of the Committee, the public 
notice, public comment, and

[[Page 11623]]

delayed effective date provisions of the Administrative Procedure Act 
do not apply to the amended rule. See 5 U.S.C. 553(b) and (d). Because 
public notice and comment is not required, the Regulatory Flexibility 
Act, 5 U.S.C. 601 et seq., also does not apply to the amended rule.

Authority and Issuance

    For the reasons set forth in the SUPPLEMENTARY INFORMATION, the 
Federal Open Market Committee amends 12 CFR part 272 to read as 
follows:

PART 272--RULES OF PROCEDURE

0
1. The authority citation for part 272 continues to read as follows:

    Authority: 5 U.S.C. 552.

PART 272--[AMENDED]

0
2. In part 272, revise all references to ``Chairman'' and ``Vice 
Chairman'' to read ``Chair'' and ``Vice Chair'', respectively.

    By order of the Federal Open Market Committee.
Matthew M. Luecke,
Deputy Secretary, Federal Open Market Committee.
[FR Doc. 2021-04039 Filed 2-25-21; 8:45 am]
BILLING CODE 6210-01-P