Federal Reserve Bank Directors Act of 1984

Summary

Federal Reserve Bank Directors Act of 1984 - Amends the Federal Reserve Act to increase from nine to 11 the number of members of the board of directors of a Federal Reserve bank. Increases from three to five the number of class C members selected by the Board of Governors of the Federal Reserve System for membership on the board of a Federal Reserve bank. Provides that not more than two directors of class C shall be officers or directors, employees, or stockholders of any depository institution which is not a member of the Federal Reserve System. Prohibits the chairman or deputy chairman of the board of a Federal Reserve bank from being an officer or director, employee, or stockholder of any depository institution. Provides that the class C director with the longest tenure on the board who is not an officer or director, employee, or stockholder of any depository institution shall preside at meetings in the absence of the chairman and deputy chairman. Requires the designation of the two new members appointed pursuant to this Act at the first meeting of the full board of directors of each Federal Reserve bank after the date of enactment of this Act. Sets the respective terms of office of such new members.

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Timeline

1. 28 March 1984

   Introduced

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

   Source: IntroReferral

2. 28 March 1984

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 March 1984

   Introduced

   Introduced in House

   Source: IntroReferral

4. 3 April 1984

   Referred

   Referred to Subcommittee on Domestic Monetary Policy.

   Source: Committee

5. 10 April 1984

   Reported

   Ordered to be Reported.

   Source: Committee

6. 10 April 1984

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

7. 24 April 1984

   Calendars

   Placed on Union Calendar No: 394.

   Source: Calendars

8. 24 April 1984

   Reported

   Reported to House by House Committee on Banking, Finance and Urban Affairs. Report No: 98-695.

   Source: Committee

9. 24 April 1984

   Reported

   Reported to House by House Committee on Banking, Finance and Urban Affairs. Report No: 98-695.

   Source: Committee

10. 7 May 1984

    Passed

    Passed House by Voice Vote.

    Source: Floor

11. 7 May 1984

    Passed

    Passed/agreed to in House: Passed House by Voice Vote.

    Source: Floor

12. 7 May 1984

    Floor

    Called up by House Under Suspension of Rules.

    Source: Floor

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 · 28 March 1984

  Open at official source

Sponsors

• Del. Fauntroy, Walter E. [D-DC-At Large] · D · Sponsor
• Rep. Neal, Stephen L. [D-NC-5] · D · Sponsor
• Rep. Morrison, Bruce A. [D-CT-3] · D · Sponsor
• Rep. Cooper, Jim [D-TN-5] · D · Sponsor
• Sen. Carper, Thomas R. [D-DE] · D · Sponsor
• Rep. McCollum, Bill [R-FL-8] · R · Sponsor
• Rep. Hiler, John Patrick [R-IN-3] · R · Sponsor
• · hsba00 · Standing

Related records

• related to → Class D Directors Act of 1983
• related to ← Federal Reserve Bank Directors Act of 1984