Class D Directors Act of 1983

Summary

Class D Directors Act of 1983 - Amends the Federal Reserve Act to provide for a new class of directors for each Federal Reserve Bank. Requires the Federal Reserve Board to designate three such Class D directors, one from each of the following classes of depository institutions: (1) savings banks under the Federal Deposit Insurance Act; (2) insured credit unions under the Federal Credit Union Act; and (3) any insured institution under the National Housing Act. Sets forth further requirements concerning such directors. Declares that the Board shall be the sole judge of suitability and should there be no suitable candidates, the Board shall fill any vacancy with an individual who will best represent the interests of the class of depository institutions which is vacant.

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Timeline

1. 13 September 1983

   Introduced

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

   Source: IntroReferral

2. 13 September 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 September 1983

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 September 1983

   Committee

   Subcommittee Hearings Held.

   Source: Committee

5. 15 September 1983

   Referred

   Referred to Subcommittee on Domestic Monetary Policy.

   Source: Committee

6. 18 October 1983

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 20 March 1984

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

8. 20 March 1984

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

9. 28 March 1984

   Committee

   For Further Action See H.R.5278.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 13 September 1983

  Open at official source

Sponsors

• Del. Fauntroy, Walter E. [D-DC-At Large] · D · Sponsor
• · hsba00 · Standing

Related records

• related to ← Federal Reserve Bank Directors Act of 1984