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United States · Bill · HR

H.R. 4359 (105th)

To amend the Federal Reserve Act to broaden the range of discount window loans which may be used as collateral for Federal reserve notes.

referredUnited States· United States Congress· EN

Introduced

30 July 1998

Last action

Status

Referred to the House Committee on Banking and Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends the Federal Reserve Act to expand the types of collateral security which may be required in a Federal Reserve bank application for Federal Reserve notes to include: (1) acceptances acquired under provisions for emergency advances to member banks; (2) receipts of deposits and collections; and (3) discounts of agricultural paper.

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Documents

3 official files

Introduced in House (text)

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Sources

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