United States · Bill · HR
H.R. 13477 (95th)
Interest on Reserves Act
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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Versions
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Documents
1 official file
Introduced in House
summary · EN · 14 July 1978
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/95th-congress/house-bill/13477
- Open data entity: https://api.congress.gov/v3/bill/95/hr/13477