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United States · Bill · HR

H.R. 5184 (97th)

Money Supply Control Act

referredUnited States· United States Congress· EN

Introduced

11 December 1981

Last action

—

Status

Referred to Subcommittee on Domestic Monetary Policy.

Sponsors

—

Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Money Supply Control Act - Amends the Federal Reserve Act to require that the time, character, and volume of all purchases and sales of paper described by such Act as eligible for open-market operations be governed with a view to maintaining a constant general level of domestic prices and avoiding destabilizing changes in total purchasing power and employment. Requires that such purchases foster a steady growth in the aggregate currency in circulation plus all deposit balances at commercial banks less the demand deposits of foreign commercial banks and official institutions at a specified percentage rate for 1982 through 1987 and each subsequent year.

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Documents

1 official file

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