Riegle v. Federal Open Market Committee case brief summary
Riegle v. Federal Open Market Committee
656 F.2d 873 (D.C. Circuit 1981)
consists of seven members who hold their offices by virtue of
presidential appointment confirmed by Senate, and five members who are
elected by boards of directors of the Reserve Banks and who hold their
offices subject to approval of Board of Governors.
a United States Senator have standing to challenge the
constitutionality of the procedures established by the Federal Reserve
Act for the appointment of the five Reserve Bank members of the FOMC?