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United States · Bill · HR

H.R. 13477 (95th)

Interest on Reserves Act

referredUnited States· United States Congress· EN

Introduced

14 July 1978

Last action

Status

Referred to House Committee on Banking, Finance and Urban Affairs.

Sponsors

Subjects

Discovery layer

Source updated

2 September 2025

Summary

Interest on Reserves Act - Amends the Federal Reserve Act to authorize the payment of interest on the required reserve balances of member banks held by Federal Reserve Banks. Sets forth a formula for determining the maximum amount of such interest to be paid in any one year.

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Documents

1 official file

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Sources

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