United States · Bill · HR
H.R. 1995 (97th)
A bill to amend the Federal Reserve Act to provide an eight-year transitional period with respect to reserve requirements for certain depository institutions which withdrew from membership in the Federal Reserve System.
Introduced
23 February 1981
Last action
—
Status
Referred to Subcommittee on Domestic Monetary Policy.
Sponsors
—
Subjects
Discovery layer
Source updated
6 February 2024
Summary
Amends the Federal Reserve Act to require any bank which was a member of the Federal Reserve System on July 1, 1979, and which withdrew from such membership during the period beginning on July 1, 1979, and ending on March 20, 1980, to maintain reserves beginning on the date of the enactment of this Act in an amount equal to the amount of reserves required to be maintained by depository institutions under such Act.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 23 February 1981
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/97th-congress/house-bill/1995
- Open data entity: https://api.congress.gov/v3/bill/97/hr/1995