12 CFR § 265.8
Functions delegated to the Staff Director of the Division of International Finance
November 10, 2020
The Board's Staff Director of the Division of International Finance (or the Director's delegee) is authorized:
(a) Establishment of foreign accounts. To approve the establishment of foreign accounts and the terms of any account-related agreements with the Federal Reserve Bank of New York under section 14(e) of the Federal Reserve Act (12 U.S.C. 358).
(b) [Reserved]