Reserve Requirements Reform Act of 1982

Summary

Reserve Requirements Reform Act of 1982 - Amends the Federal Reserve Act to exempt a certain amount of the deposits and accounts of depository institutions from reserve requirements set forth by such Act. Limits such exemptions to $2,000,000 of transaction accounts, nonpersonal time deposits, and balances and assets of each depository institution. Requires the Board of Governors of the Federal Reserve System, not later than December 31 of each year, to issue a regulation increasing for the next succeeding calendar year the dollar amount of such exemption by an amount obtained by multiplying such dollar amount by 80 percent of the percentage increase in the total deposits of all depository institutions. Sets forth the procedure for determining such increase in the total deposits. Mandates no adjustment following a 12-month period in which there has been a decrease in total deposits of all depository institutions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

3 official files

• Passed House amended

  summary · EN · 13 September 1982

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 19 August 1982

  Open at official source

• Introduced in House

  summary · EN · 29 April 1982

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.