United States · Bill · HR
H.R. 11896 (95th)
Consumer Checking Account Equity Act
Introduced
5 April 1978
Last action
—
Status
Referred to House Committee on Banking, Finance and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Consumer Checking Account Equity Act - Amends the Federal Reserve Act and the Federal Deposit Insurance Act to eliminate the prohibition on the payment of interest on demand deposits. Amends the Home Owners' Loan Act and the Federal Credit Union Act to allow federally chartered savings and loan associations and credit unions to offer demand deposits. Amends the Federal Home Loan Bank Act to require any institution which has subscribed to the stock of a Federal Home Loan Bank to maintain reserves against its demand accounts or deposits in amounts as may be prescribed by the Federal Home Loan Bank Board.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 5 April 1978
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/95th-congress/house-bill/11896
- Open data entity: https://api.congress.gov/v3/bill/95/hr/11896